AI Transparency Report
Gibson County Economic Developmentcorporation demonstrates consistent financial activity, with revenues and expenses generally in the range of $250,000 to $450,000 over the past decade. The organization's assets have shown steady growth, increasing from $553,309 in 2014 to $1,072,217 in 2023, indicating a healthy accumulation of resources. While the organization has reported liabilities in recent years, reaching $284,156 in 2023, its assets significantly outweigh these obligations, suggesting financial stability. The consistent reporting of 0% officer compensation across all available filings is a strong indicator of transparency and a commitment to directing funds towards its mission rather than executive salaries.
The organization's spending efficiency appears reasonable, with expenses generally tracking revenue. For instance, in 2023, expenses were $394,842 against revenues of $365,745, showing a slight deficit but within a manageable range given its asset base. The absence of reported officer compensation suggests that a substantial portion of its operational expenses likely goes towards program delivery and administrative support. The consistent filing of IRS Form 990s over 13 periods further enhances its transparency, providing a clear historical record of its financial operations.