Is Northwest Wisconsin Regional Economic Development Fund Inc Legit?

The Northwest Wisconsin Regional Economic Development Fund Inc. demonstrates consistent financial stability with a strong asset base, currently at $4,214,225. The organization has shown a positive trend in net assets over the past two years, with assets increasing from $4,034,651 in 2022 to $4,103,178 in 2023. Revenue has fluctuated but generally covers expenses, as seen in 2023 where revenue was $199,284 against expenses of $100,260, indicating efficient operations. The organization's spending efficiency appears strong, particularly given its consistent low expense ratios relative to its asset base. The absence of officer compensation reported across all available filings suggests a volunteer-driven leadership or that compensation is covered by another entity, which can contribute to lower administrative costs. Transparency is high given the consistent filing of IRS Form 990s over 13 periods, providing a clear historical financial record. The organization's liabilities are consistently low, indicating good financial management and minimal debt burden, further enhancing its financial health and transparency.