Alleghany Highlands Economic Development Corporation

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Alleghany Highlands Economic Development Corporation Form 990, Revenue, CEO Pay, and IRS Filing Signals

Alleghany Highlands Economic Development Corporation is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Alleghany Highlands Economic Development Corporation in one place.

Is Alleghany Highlands Economic Development Corporation Legit?

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Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

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Request a concise report for Alleghany Highlands Economic Development Corporation with revenue, expenses, executive compensation, red flags, peer context, and IRS source links. You can also request CSV exports or watchlist updates for future filings.

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Alleghany Highlands Economic Development Corporation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Alleghany Highlands Economic Development Corporation

Alleghany Highlands Economic Development Corporation (EIN: 161620392) is a nonprofit organization based in Covington, VA, classified under NTEE code S30. The organization reported total revenue of $195K and total assets of $371K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Alleghany Highlands Economic Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Alleghany Highlands Economic Development Corporation is a small nonprofit that has been operating for 24 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -8.8%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2023, Alleghany Highlands Economic Development Corporation reported a surplus of $39K with revenue exceeding expenses, holds 19.0 months of operating reserves (strong position), has a debt-to-asset ratio of 6.8% (very low leverage).

Financial Trends

Over 13 years of filings (2011–2023), Alleghany Highlands Economic Development Corporation's revenue has declined at a compound annual growth rate (CAGR) of -8.8%.

IRS Tax-Exempt Classification

Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.

AI Transparency Report

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Alleghany Highlands Economic Development Corporation with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

• admin: 10%
• programs: 85%
• fundraising: 5%

According to IRS 990 filings, Alleghany Highlands Economic Development Corporation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

• The organization reported a surplus of $39K, with revenue exceeding expenses.
• Debt-to-asset ratio: 6.8%.

Executive Compensation Analysis

Executive compensation has consistently been reported as 0% across all available filings, indicating that no officers receive salaries from the organization. This is an exceptional practice for a nonprofit of any size, demonstrating a strong commitment to resource allocation directly to its mission.

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 Alleghany Highlands Economic Development Corporation's IRS 990 filings:

• Significant decline in revenue over the past five years (from $579,290 in 2020 to $239,255 in 2023).

Strengths

The following positive indicators were identified for Alleghany Highlands Economic Development Corporation:

• Consistent 0% officer compensation across all filings, indicating high efficiency and transparency.
• Assets have shown consistent growth, from $194,269 in 2019 to $316,663 in 2023, demonstrating financial stability.
• Liabilities remain low relative to assets, indicating sound financial management.
• Expenses generally kept below revenue, leading to positive net income in most years.

Frequently Asked Questions about Alleghany Highlands Economic Development Corporation

Filing History

IRS 990 filing history for Alleghany Highlands Economic Development Corporation showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Alleghany Highlands Economic Development Corporation's revenue has declined by 66.9%, moving from $722K to $239K. Total assets decreased by 4.3% over the same period, from $331K to $317K. Total functional expenses fell by 69%, from $644K to $200K. In its most recent filing year (2023), Alleghany Highlands Economic Development Corporation reported a surplus of $39K, with revenue exceeding expenses. The organization holds $22K in liabilities against $317K in assets (debt-to-asset ratio: 6.8%), resulting in net assets of $295K.

Year-by-Year Financial Summary

• 2023: Revenue of $239K, expenses of $200K, and assets of $317K (revenue -21.1% year-over-year).
• 2022: Revenue of $303K, expenses of $254K, and assets of $276K (revenue -20.5% year-over-year).
• 2021: Revenue of $382K, expenses of $350K, and assets of $238K (revenue -34.1% year-over-year).
• 2020: Revenue of $579K, expenses of $537K, and assets of $261K (revenue +12.9% year-over-year).
• 2019: Revenue of $513K, expenses of $479K, and assets of $194K (revenue +37.7% year-over-year).
• 2018: Revenue of $372K, expenses of $415K, and assets of $153K (revenue +1.8% year-over-year).
• 2017: Revenue of $366K, expenses of $344K, and assets of $161K (revenue +0.8% year-over-year).
• 2016: Revenue of $363K, expenses of $299K, and assets of $137K (revenue +145.3% year-over-year).
• 2015: Revenue of $148K, expenses of $167K, and assets of $73K (revenue -37.7% year-over-year).
• 2014: Revenue of $238K, expenses of $279K, and assets of $106K (revenue +2.3% year-over-year).
• 2013: Revenue of $232K, expenses of $308K, and assets of $143K (revenue -15.0% year-over-year).
• 2012: Revenue of $273K, expenses of $264K, and assets of $216K (revenue -62.1% year-over-year).
• 2011: Revenue of $722K, expenses of $644K, and assets of $331K.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Alleghany Highlands Economic Development Corporation:

Data Sources and Methodology

This transparency report for Alleghany Highlands Economic Development Corporation 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.