Civic Intelligence

Walworth County Economic Development

EIN 61-1494963 • 501(c)4 • Elkhorn, WI

Profile

Economic development activities of walworth county,wisconsin

400 County Road H South Bldg 105Elkhorn, WI 53121

www.walworthbusiness.com

Siviq Scores

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

Liabilities / Assets

55th percentile

0.02x

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

501(c)4 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

56th percentile

0.03x

Higher debt load relative to revenue than 56% of similar nonprofits.

501(c)4 • $500k-$1M nonprofits • Source year 2024

Net Margin

65th percentile

17%

Higher net margin than 65% of similar nonprofits.

501(c)4 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

96th percentile

$113,777

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 23.8% of source-year revenue.

501(c)4 • $500k-$1M nonprofits • Source year 2024

Asset Growth

77th percentile

15%

Faster asset growth than 77% of similar nonprofits.

501(c)4 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

86th percentile

47%

Faster revenue growth than 86% of similar nonprofits.

501(c)4 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Up

$720,499

Up $91,604 (+15%) from 2023

Liabilities

Up

$15,655

Up $10,774 (+221%) from 2023

Net Assets

Up

$704,844

Up $80,830 (+13%) from 2023

Revenue

Up

$478,791

Up $152,599 (+47%) from 2023

Expenses

Up

$398,297

Up $69,705 (+21%) from 2023

Net Income

Up

$80,494

Up $82,894 (+3454%) from 2023

Trend Graphs

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2011: $440,108Liabilities 2011: $16,588Net Assets 2011: $423,5202011Assets 2012: $522,938Liabilities 2012: $7,529Net Assets 2012: $515,4092012Assets 2013: $473,766Liabilities 2013: $10,502Net Assets 2013: $463,2642013Assets 2014: $503,039Liabilities 2014: $4,036Net Assets 2014: $499,0032014Assets 2015: $562,127Liabilities 2015: $5,315Net Assets 2015: $556,8122015Assets 2016: $592,058Liabilities 2016: $14,832Net Assets 2016: $577,2262016Assets 2017: $588,286Liabilities 2017: $8,686Net Assets 2017: $579,6002017Assets 2018: $605,255Liabilities 2018: $14,271Net Assets 2018: $590,9842018Assets 2019: $620,106Liabilities 2019: $17,051Net Assets 2019: $603,0552019Assets 2020: $624,176Liabilities 2020: $13,138Net Assets 2020: $611,0382020Assets 2021: $668,796Liabilities 2021: $55,197Net Assets 2021: $613,5992021Assets 2022: $634,156Liabilities 2022: $7,742Net Assets 2022: $626,4142022Assets 2023: $628,895Liabilities 2023: $4,881Net Assets 2023: $624,0142023Assets 2024: $720,499Liabilities 2024: $15,655Net Assets 2024: $704,8442024

Highlighted filing

2024

Assets$720,499
Liabilities$15,655
Net Assets$704,844

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2011: $171,2912011Expenses 2012: $152,0032012Revenue 2013: $227,580Expenses 2013: $194,272Net Income 2013: $33,3082013Revenue 2014: $228,833Expenses 2014: $209,524Net Income 2014: $19,3092014Revenue 2015: $263,637Expenses 2015: $205,828Net Income 2015: $57,8092015Revenue 2016: $270,673Expenses 2016: $250,259Net Income 2016: $20,4142016Revenue 2017: $274,201Expenses 2017: $271,827Net Income 2017: $2,3742017Revenue 2018: $331,887Expenses 2018: $320,503Net Income 2018: $11,3842018Revenue 2019: $312,704Expenses 2019: $300,633Net Income 2019: $12,0712019Revenue 2020: $256,225Expenses 2020: $254,424Net Income 2020: $1,8012020Revenue 2021: $286,872Expenses 2021: $291,744Net Income 2021: -$4,8722021Revenue 2022: $329,619Expenses 2022: $316,804Net Income 2022: $12,8152022Revenue 2023: $326,192Expenses 2023: $328,592Net Income 2023: -$2,4002023Revenue 2024: $478,791Expenses 2024: $398,297Net Income 2024: $80,4942024

Highlighted filing

2024

Revenue$478,791
Expenses$398,297
Net Income$80,494

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.20$0.16$7.05$4.79$3.98$0.80
2023Summary only. Only limited summary data is available for this year.$6.29$0.05$6.24$3.26$3.29$0.02
2022Summary only. Only limited summary data is available for this year.$6.34$0.08$6.26$3.30$3.17$0.13
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.69$0.55$6.14$2.87$2.92$0.05
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.24$0.13$6.11$2.56$2.54$0.02
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.20$0.17$6.03$3.13$3.01$0.12
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.05$0.14$5.91$3.32$3.21$0.11
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.88$0.09$5.80$2.74$2.72$0.02
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.92$0.15$5.77$2.71$2.50$0.20
2015Detailed filing. Detailed filing data is available for this year.$5.62$0.05$5.57$2.64$2.06$0.58
2014Detailed filing. Detailed filing data is available for this year.$5.03$0.04$4.99$2.29$2.10$0.19
2013Detailed filing. Detailed filing data is available for this year.$4.74$0.11$4.63$2.28$1.94$0.33
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.23$0.08$5.15$1.52
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.40$0.17$4.24$1.71
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 22, 2025
Return Version
2024v5.2
Gross Receipts
$478,791
Mission and Program Overview

Mission

Walworth County Economic Development Alliance is dedicated to improving the quality of life for Walworth County residents by working with the public and private sector partners to advance efforts that create jobs and build private sector investment in our communities.

Economic development activities of walworth county, wisconsin.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$477,330$670,397▲ $193,067
Cash and Non-Interest-Bearing Accounts$97,826$39,160▼ $58,666
Other Notes and Loans Receivable, Net$53,739$10,942▼ $42,797
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$628,895$720,499▲ $91,604
Liabilities
Accounts Payable and Accrued Expenses$4,881$15,655▲ $10,774
Total Liabilities$4,881$15,655▲ $10,774
Net Assets / Fund Balance
Net Assets With Donor Restrictions$465,746$465,746→ $0
Net Assets Without Donor Restrictions$158,268$239,098▲ $80,830
Total Net Assets Fund Balance$624,014$704,844▲ $80,830
Total Liabilities and Net Assets / Fund Balance$628,895$720,499▲ $91,604

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$15,181$15,181
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
DEREK D'AURIAExecutive DirectorFT$113,777$113,777

Board Members and Trustees

NameTitle
Dr Matt JanisinPresident (term 2024)
Ania HornerBoard Member
Ann ZessBoard Member
Cristina GreenBoard Member
Dave BretlBoard Member
Dave SekeresBoard Member
Dr John ChenowethBoard Member
Jason TadlockBoard Member
Michael LorhanBoard Member
Skip HarlessBoard Member
Mark LuberdaCounty Liaison
Casey HimebauchSecretary
Greg BrownTreasurer
Shawn MurphyVP Administration
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$460,754
Investment Income
$15,555
Other Revenue
$2,482
Change in Net Assets
$80,494
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$295,573
Other Expenses$102,724
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$127,991$31,998-$159,989
Current Officers, Directors, Trustees, and Key Employees$91,022$22,755-$113,777
Fees for Services Other$21,640$5,410-$27,050
Payroll Taxes$17,446$4,361-$21,807
Office Expenses$11,724$2,931-$14,655
Fees for Services Accounting-$5,398-$5,398
Insurance$5,189--$5,189
Travel$3,737--$3,737
Other Expenses$2,866--$2,866
Advertising$654$164-$818
Conferences and Meetings$350--$350
Total Functional Expenses$325,280$73,017$0$398,297
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
In-house lobbying only
Yes
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
No
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, Part VI, Section B, Line 11B

The organization's board reviews the form 990 tax return before filing.

Form 990, Part VI, Section C, Line 18

AVAILABLE UPON REQUEST.

Form 990, Part VI, Section C, Line 19

AVAILABLE UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
Walworth County Economic Development
EIN
61-1494963
Phone
2627418527
Address
400 COUNTY ROAD H SOUTH BLDG 105, ELKHORN, WI 53121

Signing Officer

Name
Shawn Murphy
Title
President
Phone
2627418527
Signed
2025-10-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Shawn Murphy
Formed
2005
Legal Domicile
Wi
Voting Board Members
14
Independent Board Members
14
Employees
5
Volunteers
14

Preparer

Firm
Baker Tilly Advisory Group Lp
Address
500 MIDLAND COURT SUITE 200, JANESVILLE, WI 53546
Preparer
Troy Marine
Phone
6087525835
Raw XML AppendixShowing 400 of 412 raw XML fields

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/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT (TERM 2024)
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IRS990/OfficeExpensesGrp/ProgramServicesAmt011724
IRS990/OfficeExpensesGrp/TotalAmt014655
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0PROGRAM EXPENSE
IRS990/OtherExpensesGrp/Desc1STAFF DEVELOPMENT
IRS990/OtherExpensesGrp/Desc2LOAN FUND EXPENSES
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS
IRS990/OtherExpensesGrp/ProgramServicesAmt035246
IRS990/OtherExpensesGrp/ProgramServicesAmt14535
IRS990/OtherExpensesGrp/ProgramServicesAmt22880
IRS990/OtherExpensesGrp/ProgramServicesAmt32866
IRS990/OtherExpensesGrp/TotalAmt035246
IRS990/OtherExpensesGrp/TotalAmt14535
IRS990/OtherExpensesGrp/TotalAmt22880
IRS990/OtherExpensesGrp/TotalAmt32866
IRS990/OtherRevenueMiscGrp/BusinessCd0561499
IRS990/OtherRevenueMiscGrp/Desc0MISC INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt02482
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt02482
IRS990/OtherRevenueTotalAmt02482
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt031998
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0127991
IRS990/OtherSalariesAndWagesGrp/TotalAmt0159989
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt053739
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt010942
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04361
IRS990/PayrollTaxesGrp/ProgramServicesAmt017446
IRS990/PayrollTaxesGrp/TotalAmt021807
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0SHAWN MURPHY
IRS990/PriorPeriodAdjustmentsAmt0336
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0561499
IRS990/ProgramServiceRevenueGrp/BusinessCd1561499
IRS990/ProgramServiceRevenueGrp/BusinessCd2561499
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM INCOME
IRS990/ProgramServiceRevenueGrp/Desc1MEMBERSHIP DUES
IRS990/ProgramServiceRevenueGrp/Desc2LOAN FINANCING INTERES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0254573
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1205020
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt21161
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0254573
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1205020
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21161
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt02880
IRS990/PYOtherExpensesAmt076074
IRS990/PYOtherRevenueAmt05773
IRS990/PYProgramServiceRevenueAmt0317539
IRS990/PYRevenuesLessExpensesAmt0-2400
IRS990/PYSalariesCompEmpBnftPaidAmt0252518
IRS990/PYTotalExpensesAmt0328592
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0326192
IRS990/ReconcilationRevenueExpnssAmt080494
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0460754
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0477330
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0670397
IRS990/ScheduleBRequiredInd00
IRS990ScheduleC/AgreeCarryoverPriorYearInd00
IRS990ScheduleC/OnlyInHouseLobbyingInd01
IRS990ScheduleC/SubstantiallyAllDuesNondedInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt015181
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt015181
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S BOARD REVIEWS THE FORM 990 TAX RETURN BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0WALWORTH COUNTY ECONOMIC DEVELOPMENT ALLIANCE INC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0ELKHORN COMM DEVELOPMENT ALLIANCE
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt03443
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0WI
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0ECONOMIC DEVELOPMENT ACTIVITIES
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt02910
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt0400 COUNTY ROAD H SOUTH BLDG 105
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0ELKHORN
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0WI
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd053121
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd01
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0628895
IRS990/TotalAssetsEOYAmt0720499
IRS990/TotalAssetsGrp/BOYAmt0628895
IRS990/TotalAssetsGrp/EOYAmt0720499
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt073017
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0325280
IRS990/TotalFunctionalExpensesGrp/TotalAmt0398297
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04881
IRS990/TotalLiabilitiesEOYAmt015655
IRS990/TotalLiabilitiesGrp/BOYAmt04881
IRS990/TotalLiabilitiesGrp/EOYAmt015655
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0624014
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0704844
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0325280
IRS990/TotalProgramServiceRevenueAmt0460754
IRS990/TotalReportableCompFromOrgAmt0113777
IRS990/TotalRevenueGrp/ExclusionAmt018037
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0460754
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0478791
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt014
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0628895
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0720499
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt03737
IRS990/TravelGrp/TotalAmt03737
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0400 COUNTY ROAD H SOUTH BLDG 105
IRS990/USAddress/CityNm0ELKHORN
IRS990/USAddress/StateAbbreviationCd0WI
IRS990/USAddress/ZIPCd053121
IRS990/VotingMembersGoverningBodyCnt014
IRS990/VotingMembersIndependentCnt014
IRS990/WebsiteAddressTxt0WWW.WALWORTHBUSINESS.COM
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0SHAWN MURPHY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02627418527
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-10-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WALWORTH COUNTY ECONOMIC DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0ALLIANCE INC
ReturnHeader/Filer/BusinessNameControlTxt0WALW
ReturnHeader/Filer/EIN0611494963
ReturnHeader/Filer/PhoneNum02627418527
ReturnHeader/Filer/USAddress/AddressLine1Txt0400 COUNTY ROAD H SOUTH BLDG 105
ReturnHeader/Filer/USAddress/CityNm0ELKHORN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WI
ReturnHeader/Filer/USAddress/ZIPCd053121
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0390859910
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BAKER TILLY ADVISORY GROUP LP

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