Agena

Agena shows significant asset growth and zero reported officer compensation amidst highly volatile revenues and low reported expenses.

EIN: 203316363 · Toppenish, WA · NTEE: P11 · Updated: 2026-03-28

$39.3MRevenue

$122.6MAssets

75/100Mission Score (Good)

P11

About Agena

Agena (EIN: 203316363) is a nonprofit organization based in Toppenish, WA, classified under NTEE code P11. The organization reported total revenue of $39.3M and total assets of $122.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Agena's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Agena demonstrates a highly variable financial performance over the past decade, with revenues fluctuating significantly year-to-year. For instance, revenue jumped from $338,883 in 2018 to $10,771,624 in 2019, and then to $21,904,761 in 2021, before a sharp drop to $277,638 in 2022 and a rebound to $19,123,586 in 2023. This volatility makes consistent financial planning and assessment challenging. Despite these fluctuations, the organization has consistently grown its assets, reaching $122,571,577 in the latest period, indicating strong asset accumulation.

Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses. However, a notable observation is the extremely low reported expenses in several periods relative to revenue, such as $20,991 in expenses against $2,667,800 in revenue in 2015, or $26,243 in expenses against $19,123,586 in revenue in 2023. This suggests that a significant portion of revenue is not being spent on operational activities in the same fiscal year, potentially being held as assets or invested. The NTEE code P11 (Housing Development, Construction & Management) suggests capital-intensive activities, which might explain the asset growth and lower operational expenses relative to revenue.

Transparency regarding executive compensation is high, as the organization consistently reports 0% officer compensation across all available filings. This indicates that no compensation is paid to officers, or it is not reported in a way that is captured by this metric. Further investigation into the nature of their operations and how expenses are categorized would be beneficial to fully understand their spending efficiency and program delivery given the NTEE code.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Agena with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 5%
programs: 90%
fundraising: 5%

According to IRS 990 filings, Agena allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, indicating that officers receive no compensation or it is not reported under this category, which is highly unusual for an organization of its size with assets exceeding $122 million.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Agena's IRS 990 filings:

Extreme volatility in annual revenue makes financial planning and sustainability difficult to assess.
Unusually low reported expenses relative to revenue in multiple periods (e.g., $26,243 expenses on $19,123,586 revenue in 2023) raises questions about how funds are utilized or categorized.
Consistent 0% officer compensation for an organization with over $122 million in assets is highly atypical and warrants further scrutiny regarding executive oversight and compensation practices.

Strengths

The following positive indicators were identified for Agena:

Consistent growth in assets, reaching $122,571,577, indicates strong financial accumulation and potential for long-term impact.
Zero reported officer compensation suggests a highly lean administrative structure or a strong volunteer leadership model.
The organization's NTEE code (P11) suggests a focus on housing development, which is a critical area of need.

Frequently Asked Questions about Agena

How does Agena manage to operate with such low reported expenses relative to its revenue in certain years, such as $26,243 in expenses against $19,123,586 in revenue in 2023?

The extremely low reported expenses relative to revenue in several periods suggests that a significant portion of the revenue might be allocated to asset acquisition, investments, or held for future capital-intensive projects, which aligns with its NTEE code for housing development. It's possible that many operational costs are not fully captured in the 'expenses' line item as presented, or the organization primarily acts as a pass-through for capital projects.

What is the nature of Agena's operations given its NTEE code P11 (Housing Development, Construction & Management) and its substantial asset growth?

Given the NTEE code P11 and the consistent growth in assets to $122,571,577, Agena likely focuses on acquiring, developing, and managing housing properties. The low reported expenses in some years could indicate that much of its revenue is directly invested into these capital projects rather than being spent on traditional operational overhead.

Why is officer compensation consistently reported as 0% for an organization with over $122 million in assets?

The consistent reporting of 0% officer compensation is highly unusual for an organization of this scale. It could mean that officers are volunteers, compensated through a related entity, or that compensation is structured in a way that it is not reported under this specific line item on the 990 form. This warrants further investigation for complete transparency.

What accounts for the extreme volatility in Agena's annual revenue, ranging from $171,917 in 2017 to $21,904,761 in 2021, and then to $277,638 in 2022?

The extreme revenue volatility suggests that Agena's funding may come from large, infrequent grants, capital contributions for specific projects, or sales of developed properties. This pattern is not uncommon for organizations involved in housing development where funding can be project-based and lumpy.

Filing History

IRS 990 filing history for Agena showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Agena's revenue has grown by 340.9%, moving from $4.3M to $19.1M. Total assets increased by 318% over the same period, from $19.9M to $83.0M. Total functional expenses fell by 99.3%, from $3.7M to $26K. In its most recent filing year (2023), Agena reported a surplus of $19.1M, with revenue exceeding expenses. The organization holds $565K in liabilities against $83.0M in assets (debt-to-asset ratio: 0.7%), resulting in net assets of $82.4M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$19.1M	$26K	$83.0M	$565K	—	View 990
2022	$278K	$8.3M	$63.5M	$219K	—	View 990
2021	$21.9M	$1.4M	$72.6M	$1.3M	—	View 990
2020	$13.7M	$1.2M	$57.9M	$7.0M	—	View 990
2019	$10.8M	$569K	$44.9M	$6.5M	—	View 990
2018	$339K	$433K	$32.3M	$4.1M	—	View 990
2017	$172K	$404K	$32.4M	$4.2M	—	View 990
2016	$6.1M	$145K	$30.0M	$1.5M	—	View 990
2015	$2.7M	$21K	$22.4M	$0	—	View 990
2014	$198K	$482K	$19.8M	$0	—	View 990
2013	$2.0M	$1.6M	$20.1M	$0	—	View 990
2012	$2.1M	$2.1M	$19.9M	$150	—	View 990
2011	$4.3M	$3.7M	$19.9M	$140	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $19.1M, expenses of $26K, and assets of $83.0M (revenue +6788.0% year-over-year).
2022: Revenue of $278K, expenses of $8.3M, and assets of $63.5M (revenue -98.7% year-over-year).
2021: Revenue of $21.9M, expenses of $1.4M, and assets of $72.6M (revenue +60.2% year-over-year).
2020: Revenue of $13.7M, expenses of $1.2M, and assets of $57.9M (revenue +27.0% year-over-year).
2019: Revenue of $10.8M, expenses of $569K, and assets of $44.9M (revenue +3078.6% year-over-year).
2018: Revenue of $339K, expenses of $433K, and assets of $32.3M (revenue +97.1% year-over-year).
2017: Revenue of $172K, expenses of $404K, and assets of $32.4M (revenue -97.2% year-over-year).
2016: Revenue of $6.1M, expenses of $145K, and assets of $30.0M (revenue +129.0% year-over-year).
2015: Revenue of $2.7M, expenses of $21K, and assets of $22.4M (revenue +1247.3% year-over-year).
2014: Revenue of $198K, expenses of $482K, and assets of $19.8M (revenue -89.9% year-over-year).
2013: Revenue of $2.0M, expenses of $1.6M, and assets of $20.1M (revenue -7.7% year-over-year).
2012: Revenue of $2.1M, expenses of $2.1M, and assets of $19.9M (revenue -51.2% year-over-year).
2011: Revenue of $4.3M, expenses of $3.7M, and assets of $19.9M.

Data Sources and Methodology

This transparency report for Agena is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.