Community Improvement
(S30)
IRS Verified
DX Registered
990 on File
GREATER WAUKEGAN DEVELOPMENT COALITION
Financial strength (30%)
60/100
Reliability (20%)
50/100
Effectiveness (25%)
78/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Mission Statement
The Greater Waukegan Development Coalition, now GWDC, is a community development organization that fosters economic development in economically challenged communities. Because research has found that no one initiative or program can revitalize a community on its own, GWDC focuses on holistic economic and community development grounded in the values and resources of each community.
Financial Overview — FY 2024
$457K
Total Revenue
$586K
Total Expenses
$-1,029,480
Net Assets
4
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
79.9%
Fundraising Efficiency
1.0%
Operating Reserve
-21.09x
Liability-to-Asset
327.6%
Revenue Diversification
100.7%
Compared with Peers
FY 2024
Compared with 4,285 similar organizations
(United States, Community Improvement, $100K–$1M in expenses), FY 2024.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
79.9% | 83.7% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
19.9% | 13.2% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.1% | 0.0% |
P10P90
|
Below median |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
1.0% | 10.2% |
P10P90
|
Above median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
-21.1 mo | 11.3 mo |
P10P90
|
Bottom quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
327.6% | 3.1% |
P10P90
|
Bottom quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
100.7% | 92.2% |
P10P90
|
Bottom quarter |
|
Revenue growth
Year over year revenue growth
|
-38.8% | 7.1% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-10.2% | 9.1% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-28.1% | 2.9% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $457K | $586K | $-1,029,480 | 79.9% | 4 |
| 2023 | $747K | $653K | $-941,674 | 90.4% | 8 |
| 2022 | $268K | $334K | $-1,035,641 | 72.1% | 6 |
| 2021 | $282K | $132K | N/A | — | 0 |
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