Civic Intelligence

Morgan County Improvement

EIN 26-0090510 • 501(c)4 • Mcconnelsville, OH

Profile

The sole purpose for which the corporation is formed is to advance, encourage, and promote industrial, economic, commercial, and civic development of the county of morgan, and the municipal corporations located therein by acting as the designated agency of the county of morgan, one or more municipal corporations located therein, or the county of morgan and one or more municipal corporations located therein, for the industrial, commercial, distribution, and research development in such political subdivision in accordance with section 1724.10, revised code. To provide real property for an industrial building being financed in part by loans and grants from the state of ohio. The corporation shall have the right to raise money and expend funds for community projects in morgan county, ohio. Our activity furthers our exempt purpose as we are able to obtain loans with lower than standard interest rates and grants from the state of ohio to finance the real property, which in turn allows the co

155 E Main Street Room 135 Ste BMcconnelsville, OH 43756
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

55th percentile

0.06x

Higher debt load relative to assets than 55% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

82nd percentile

0.68x

Higher debt load relative to revenue than 82% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Source year 2024

Net Margin

89th percentile

54%

Higher net margin than 89% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

70th percentile

$2,400

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 0.7% of source-year revenue.

501(c)4 • $1M-$5M nonprofits • Source year 2022

Asset Growth

19th percentile

-5.0%

Faster asset growth than 19% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Revenue Growth

32nd percentile

0.2%

Faster revenue growth than 32% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Balance Sheet
Liabilities / Assets55th percentile

Assets

Down

$3,826,016

Down $226,603 (-5.6%) from 2023

Liabilities

Down

$245,621

Down $421,732 (-63%) from 2023

Net Assets

Up

$3,580,395

Up $195,129 (+5.8%) from 2023

Operations
Liabilities / Revenue82nd percentileNet Margin89th percentile

Revenue

Down

$361,566

Down $272,604 (-43%) from 2023

Expenses

Down

$166,437

Down $244,502 (-59%) from 2023

Net Income

Down

$195,129

Down $28,102 (-13%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth19th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$8.0M$6.0M$4.0M$2.0M$0Assets 2014: $6,124,780Liabilities 2014: $3,951,800Net Assets 2014: $2,172,9802014Assets 2015: $5,897,237Liabilities 2015: $3,624,952Net Assets 2015: $2,272,2852015Assets 2016: $5,686,767Liabilities 2016: $3,293,107Net Assets 2016: $2,393,6602016Assets 2017: $5,789,819Liabilities 2017: $3,407,421Net Assets 2017: $2,382,3982017Assets 2018: $5,113,631Liabilities 2018: $2,605,081Net Assets 2018: $2,508,5502018Assets 2019: $4,980,545Liabilities 2019: $2,242,085Net Assets 2019: $2,738,4602019Assets 2020: $4,702,300Liabilities 2020: $2,050,127Net Assets 2020: $2,652,1732020Assets 2021: $4,433,064Liabilities 2021: $1,476,200Net Assets 2021: $2,956,8642021Assets 2022: $4,238,671Liabilities 2022: $1,076,636Net Assets 2022: $3,162,0352022Assets 2023: $4,052,619Liabilities 2023: $667,353Net Assets 2023: $3,385,2662023Assets 2024: $3,826,016Liabilities 2024: $245,621Net Assets 2024: $3,580,3952024

Highlighted filing

2024

Assets$3,826,016
Liabilities$245,621
Net Assets$3,580,395
Open 2024 Filing

Operations Trend

Revenue Growth32nd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KRevenue 2014: $378,164Expenses 2014: $192,403Net Income 2014: $185,7612014Revenue 2015: $367,927Expenses 2015: $268,622Net Income 2015: $99,3052015Revenue 2016: $379,375Expenses 2016: $258,000Net Income 2016: $121,3752016Revenue 2017: $719,180Expenses 2017: $730,442Net Income 2017: -$11,2622017Revenue 2018: $361,840Expenses 2018: $235,688Net Income 2018: $126,1522018Revenue 2019: $465,164Expenses 2019: $235,254Net Income 2019: $229,9102019Revenue 2020: $210,727Expenses 2020: $297,014Net Income 2020: -$86,2872020Revenue 2021: $520,282Expenses 2021: $215,591Net Income 2021: $304,6912021Revenue 2022: $360,014Expenses 2022: $154,843Net Income 2022: $205,1712022Revenue 2023: $634,170Expenses 2023: $410,939Net Income 2023: $223,2312023Revenue 2024: $361,566Expenses 2024: $166,437Net Income 2024: $195,1292024

Highlighted filing

2024

Revenue$361,566
Expenses$166,437
Net Income$195,129
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,826,016
Liabilities
$245,621
Net assets
$3,580,395
Revenue
$361,566
Expenses
$166,437
Net income
$195,129
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.83$0.25$3.58$0.36$0.17$0.20
2023Detailed filing. Detailed filing data is available for this year.$4.05$0.67$3.39$0.63$0.41$0.22
2022Detailed filing. Detailed filing data is available for this year.$4.24$1.08$3.16$0.36$0.15$0.21
2021Detailed filing. Detailed filing data is available for this year.$4.43$1.48$2.96$0.52$0.22$0.30
2020Detailed filing. Detailed filing data is available for this year.$4.70$2.05$2.65$0.21$0.30$0.09
2019Detailed filing. Detailed filing data is available for this year.$4.98$2.24$2.74$0.47$0.24$0.23
2018Detailed filing. Detailed filing data is available for this year.$5.11$2.61$2.51$0.36$0.24$0.13
2017Detailed filing. Detailed filing data is available for this year.$5.79$3.41$2.38$0.72$0.73$0.01
2016Detailed filing. Detailed filing data is available for this year.$5.69$3.29$2.39$0.38$0.26$0.12
2015Detailed filing. Detailed filing data is available for this year.$5.90$3.62$2.27$0.37$0.27$0.10
2014Detailed filing. Detailed filing data is available for this year.$6.12$3.95$2.17$0.38$0.19$0.19
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 3, 2025
Return Version
2024v5.0
Gross Receipts
$361,566
Mission and Program Overview

Mission

The sole purpose for which the corporation is formed is to advance, encourage, and promote industrial, economic, commercial, and civic development of the county of morgan, and the municipal corporations located therein by acting as the designated agency of the county of morgan, one or more municipal corporations located therein, or the county of morgan and one or more municipal corporations located therein, for the industrial, commercial, distribution, and research development in such political subdivision in accordance with section 1724.10, revised code. To provide real property for an industrial building being financed in part by loans and grants from the state of ohio. The corporation shall have the right to raise money and expend funds for community projects in morgan county, ohio. Our activity furthers our exempt purpose as we are able to obtain loans with lower than standard interest rates and grants from the state of ohio to finance the real property, which in turn allows the co

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$2,324,916$2,127,304▼ $197,612
Land, Buildings, and Equipment, Net$1,715,919$1,637,173▼ $78,746
Savings and Temporary Cash Investments$11,784$61,539▲ $49,755
Total Assets$4,052,619$3,826,016▼ $226,603
Liabilities
Mortgage Notes Payable Secured by Investment Property$667,353$245,621▼ $421,732
Total Liabilities$667,353$245,621▼ $421,732
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,385,266$3,580,395▲ $195,129
Total Net Assets Fund Balance$3,385,266$3,580,395▲ $195,129
Total Liabilities and Net Assets / Fund Balance$4,052,619$3,826,016▼ $226,603

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,517,627$1,507,373$3,025,000
Land$110,740-$110,740
Other Land Buildings$8,806$9,994$18,800
Compensation and Service Providers
Top Officer Pay70th percentile

Employees

NameTitleBaseTotal
Kelsey WellsBoard Member$3,000$3,000

Board Members and Trustees

NameTitle
Adam ShriverBoard Member
Bernie AndersonBoard Member
Cecil MayleBoard Member
Chasity MayleBoard Member
Dean PonchakBoard Member
Mark HowdyshellBoard Member
Richard WelshBoard Member
Sarah HarlowBoard Member
Steve WilliamsBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$360,000
Investment Income
$126
Other Revenue
$1,440
Change in Net Assets
$195,129
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$163,437
Salaries, Compensation, and Employee Benefits$3,000
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$78,746--$78,746
Occupancy$18,801--$18,801
Interest$14,324--$14,324
Fees for Services Accounting$5,387--$5,387
Current Officers, Directors, Trustees, and Key Employees-$3,000-$3,000
Other Expenses$188--$188
All Other Expenses$142--$142
Total Functional Expenses$163,437$3,000$0$166,437
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Board MembersPYMT REC'D ON DEBTNo$197,612
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“Reviewed and discussed during a normal board meeting.”

Form 990, Page 6, Part VI, Line 15A

“Board proposed and approved compensation for kelsey wells.”

Form 990, Page 6, Part VI, Line 19

“Governing documents are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Morgan County Improvement
EIN
26-0090510
Phone
7409626772
Address
155 E MAIN STREET ROOM 135 STE B, MCCONNELSVILLE, OH 43756

Signing Officer

Name
Kelsey Wells
Title
Board Member/treas
Phone
7406246607
Signed
2025-11-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kelsey Wells
Formed
1967
Legal Domicile
Oh
Voting Board Members
10
Independent Board Members
10
Employees
0

Preparer

Firm
Hamilton Waltman Obenour & Melsheimer
Address
PO BOX 8200, ZANESVILLE, OH 43702-8200
Preparer
Bryan T Melsheimer CPA
Phone
7404548852
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The sole purpose for which the corporation is formed is to advance, encourage, and promote industrial, economic, commercial, and civic development of the county of morgan, and the municipal corporations located therein by acting as the designated agency of the county of morgan, one or more municipal corporations located therein, or the county of morgan and one or more municipal corporations located therein, for the industrial, commercial, distribution, and research development in such political subdivision in accordance with section 1724.10, revised code. To provide real property for an industrial building being financed in part by loans and grants from the state of ohio. The corporation shall have the right to raise money and expend funds for community projects in morgan county, ohio. Our activity furthers our exempt purpose as we are able to obtain loans with lower than standard interest rates and grants from the state of ohio to finance the real property, which in turn allows the company leasing the industrial building to pay lower lease payments and gives them an incentive to come to morgan county, ohio to help reduce unemployment and create jobs in our local economy.”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/MissionDesc0THE SOLE PURPOSE FOR WHICH THE CORPORATION IS FORMED IS TO ADVANCE, ENCOURAGE, AND PROMOTE INDUSTRIAL, ECONOMIC, COMMERCIAL, AND CIVIC DEVELOPMENT OF THE COUNTY OF MORGAN, AND THE MUNICIPAL CORPORATIONS LOCATED THEREIN BY ACTING AS THE DESIGNATED AGENCY OF THE COUNTY OF MORGAN, ONE OR MORE MUNICIPAL CORPORATIONS LOCATED THEREIN, OR THE COUNTY OF MORGAN AND ONE OR MORE MUNICIPAL CORPORATIONS LOCATED THEREIN, FOR THE INDUSTRIAL, COMMERCIAL, DISTRIBUTION, AND RESEARCH DEVELOPMENT IN SUCH POLITICAL SUBDIVISION IN ACCORDANCE WITH SECTION 1724.10, REVISED CODE. TO PROVIDE REAL PROPERTY FOR AN INDUSTRIAL BUILDING BEING FINANCED IN PART BY LOANS AND GRANTS FROM THE STATE OF OHIO. THE CORPORATION SHALL HAVE THE RIGHT TO RAISE MONEY AND EXPEND FUNDS FOR COMMUNITY PROJECTS IN MORGAN COUNTY, OHIO. OUR ACTIVITY FURTHERS OUR EXEMPT PURPOSE AS WE ARE ABLE TO OBTAIN LOANS WITH LOWER THAN STANDARD INTEREST RATES AND GRANTS FROM THE STATE OF OHIO TO FINANCE THE REAL PROPERTY, WHICH IN TURN ALLOWS THE CO
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0BOARD MEMBERS
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0PYMT REC'D ON DEBT
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE SOLE PURPOSE FOR WHICH THE CORPORATION IS FORMED IS TO ADVANCE, ENCOURAGE, AND PROMOTE INDUSTRIAL, ECONOMIC, COMMERCIAL, AND CIVIC DEVELOPMENT OF THE COUNTY OF MORGAN, AND THE MUNICIPAL CORPORATIONS LOCATED THEREIN BY ACTING AS THE DESIGNATED AGENCY OF THE COUNTY OF MORGAN, ONE OR MORE MUNICIPAL CORPORATIONS LOCATED THEREIN, OR THE COUNTY OF MORGAN AND ONE OR MORE MUNICIPAL CORPORATIONS LOCATED THEREIN, FOR THE INDUSTRIAL, COMMERCIAL, DISTRIBUTION, AND RESEARCH DEVELOPMENT IN SUCH POLITICAL SUBDIVISION IN ACCORDANCE WITH SECTION 1724.10, REVISED CODE. TO PROVIDE REAL PROPERTY FOR AN INDUSTRIAL BUILDING BEING FINANCED IN PART BY LOANS AND GRANTS FROM THE STATE OF OHIO. THE CORPORATION SHALL HAVE THE RIGHT TO RAISE MONEY AND EXPEND FUNDS FOR COMMUNITY PROJECTS IN MORGAN COUNTY, OHIO. OUR ACTIVITY FURTHERS OUR EXEMPT PURPOSE AS WE ARE ABLE TO OBTAIN LOANS WITH LOWER THAN STANDARD INTEREST RATES AND GRANTS FROM THE STATE OF OHIO TO FINANCE THE REAL PROPERTY, WHICH IN TURN ALLOWS THE COMPANY LEASING THE INDUSTRIAL BUILDING TO PAY LOWER LEASE PAYMENTS AND GIVES THEM AN INCENTIVE TO COME TO MORGAN COUNTY, OHIO TO HELP REDUCE UNEMPLOYMENT AND CREATE JOBS IN OUR LOCAL ECONOMY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1REVIEWED AND DISCUSSED DURING A NORMAL BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD PROPOSED AND APPROVED COMPENSATION FOR KELSEY WELLS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MORGAN COUNTY IMPROVEMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CORPORATION
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 8200
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ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRYAN T MELSHEIMER CPA
ReturnHeader/ReturnTs02025-11-07T14:26:03-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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