Mission
PROVIDE LOANS TO QUALIFIED BUSINESSES IN THE CORPORATION'S TARGETED AREA.
Executive compensation
Form 990 · Schedule J · 1 reported individual · Filing year 2023
| Base salary | Executive compensation | |
|---|---|---|
Teal figures restate each filed amount in 2026 dollars.
Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Plus 9 unpaid individuals.
Up 4%
from 2022
From $46k in 2022 to $48k in 2023.
$46k
2022
$48k
2023
$46k
2022
$48k
2023
In today's dollarsEst.
Up 1% in real terms$53k to $54k
Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend
Revenue and expenses over time
EDC LOAN CORPORATION reported revenue and expenses across 2 filing years.
RevenueExpenses
$284k
$247k
2022
$3M
$645k
2023
Total revenue and total expenses from IRS Form 990 filings.
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