Custer Economic Development Corp
Custer Economic Development Corp shows volatile financial performance with significant year-to-year swings in revenue and expenses, maintaining a strong asset base.
EIN: 200422241 · Broken Bow, NE · NTEE: S31 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $267K |
| Total Expenses | $533K |
| Program Spending | 80% |
| Net Assets | $1.7M |
| Transparency Score | 75/100 |
Is Custer Economic Development Corp Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Custer Economic Development Corp directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Custer Economic Development Corp
Custer Economic Development Corp (EIN: 200422241) is a nonprofit organization based in Broken Bow, NE, classified under NTEE code S31. The organization reported total revenue of $267K and total assets of $2.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Custer Economic Development Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Custer Economic Development Corp is a small nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -9.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $167K |
| Total Expenses | $533K |
| Surplus / Deficit | $-365,792 |
| Total Assets | $1.8M |
| Total Liabilities | $72K |
| Net Assets | $1.7M |
| Operating Margin | -218.4% |
| Debt-to-Asset Ratio | 4.1% |
| Months of Reserves | 39.8 months |
Financial Health Grade: B
In 2023, Custer Economic Development Corp reported a deficit of $366K with expenses exceeding revenue, holds 39.8 months of operating reserves (strong position), has a debt-to-asset ratio of 4.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Custer Economic Development Corp's revenue has declined at a compound annual growth rate (CAGR) of -9.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -79.4% | +256.2% | -17.7% |
| 2022 | -35.2% | -75.1% | +50.8% |
| 2021 | +201.3% | +9.8% | +71.7% |
| 2020 | +19.3% | +111.1% | -3.0% |
| 2019 | +209.2% | +80.7% | +6.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Custer Economic Development Corp 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Custer Economic Development Corp allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 deficit of $366K, with expenses exceeding revenue.
- Debt-to-asset ratio: 4.1%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that the organization's leadership is likely volunteer-based or compensated through other means not categorized as officer compensation, which is highly favorable for a nonprofit of its size.
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 Custer Economic Development Corp's IRS 990 filings:
- Significant year-over-year financial volatility, with expenses exceeding revenue by $365,792 in 2023.
- Lack of detailed program spending breakdown in the provided data makes it difficult to fully assess program efficiency.
Strengths
The following positive indicators were identified for Custer Economic Development Corp:
- Consistent 0% officer compensation reported across all filings, indicating efficient use of funds for leadership.
- Healthy and growing asset base, reaching $1,768,001 in 2023, providing financial stability.
- Relatively low and well-managed liabilities, indicating responsible financial stewardship.
Frequently Asked Questions about Custer Economic Development Corp
Is Custer Economic Development Corp a legitimate charity?
Based on AI analysis of IRS 990 filings, Custer Economic Development Corp (EIN: 200422241) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Custer Economic Development Corp spend its money?
Custer Economic Development Corp directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Custer Economic Development Corp tax-deductible?
Custer Economic Development Corp is registered as a tax-exempt nonprofit (EIN: 200422241). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Custer Economic Development Corp's spending goes to programs?
Custer Economic Development Corp directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Custer Economic Development Corp compare to similar nonprofits?
With a transparency score of 75/100 (Good), Custer Economic Development Corp is above average for NTEE category S31 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Custer Economic Development Corp located?
Custer Economic Development Corp is headquartered in Broken Bow, Nebraska and files with the IRS under EIN 200422241. It is classified under NTEE code S31.
How many years of IRS 990 filings does Custer Economic Development Corp have?
Custer Economic Development Corp has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $267K in total revenue.
Is Custer Economic Development Corp a good charity?
CEDC demonstrates strong financial transparency regarding executive compensation (0% reported). However, the significant year-to-year fluctuations in revenue and expenses, such as the $365,792 deficit in 2023, suggest potential instability or project-based funding cycles that warrant further investigation into program impact and financial management practices.
How does CEDC manage its financial volatility?
The organization's financial data shows considerable swings, for example, a $662,370 surplus in 2022 and a $365,792 deficit in 2023. While a strong asset base ($1,768,001 in 2023) provides a buffer, understanding the underlying causes of this volatility (e.g., grant cycles, specific projects) is crucial for assessing long-term sustainability.
What is the trend in CEDC's assets and liabilities?
CEDC's assets have generally grown over the past decade, from $833,364 in 2014 to $1,768,001 in 2023, indicating financial growth. Liabilities have remained relatively low and stable, ranging from $0 in 2019 to $105,736 in 2020, suggesting good financial management of debt.
Filing History
IRS 990 filing history for Custer Economic Development Corp showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Custer Economic Development Corp's revenue has declined by 69%, moving from $540K to $167K. Total assets increased by 118% over the same period, from $811K to $1.8M. Total functional expenses rose by 7.8%, from $495K to $533K. In its most recent filing year (2023), Custer Economic Development Corp reported a deficit of $366K, with expenses exceeding revenue. The organization holds $72K in liabilities against $1.8M in assets (debt-to-asset ratio: 4.1%), resulting in net assets of $1.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $167K | $533K | $1.8M | $72K | — | View 990 |
| 2022 | $812K | $150K | $2.1M | $75K | — | View 990 |
| 2021 | $1.3M | $601K | $1.4M | $49K | — | View 990 |
| 2020 | $416K | $547K | $830K | $106K | — | — |
| 2019 | $349K | $259K | $855K | $0 | — | View 990 |
| 2018 | $113K | $143K | $805K | $39K | — | View 990 |
| 2017 | $167K | $166K | $871K | $75K | — | View 990 |
| 2016 | $91K | $117K | $863K | $67K | — | View 990 |
| 2015 | $219K | $192K | $860K | $39K | — | View 990 |
| 2014 | $335K | $329K | $833K | $39K | — | View 990 |
| 2013 | $627K | $615K | $827K | $39K | — | View 990 |
| 2012 | $294K | $291K | $814K | $39K | — | View 990 |
| 2011 | $540K | $495K | $811K | $39K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $167K, expenses of $533K, and assets of $1.8M (revenue -79.4% year-over-year).
- 2022: Revenue of $812K, expenses of $150K, and assets of $2.1M (revenue -35.2% year-over-year).
- 2021: Revenue of $1.3M, expenses of $601K, and assets of $1.4M (revenue +201.3% year-over-year).
- 2020: Revenue of $416K, expenses of $547K, and assets of $830K (revenue +19.3% year-over-year).
- 2019: Revenue of $349K, expenses of $259K, and assets of $855K (revenue +209.2% year-over-year).
- 2018: Revenue of $113K, expenses of $143K, and assets of $805K (revenue -32.5% year-over-year).
- 2017: Revenue of $167K, expenses of $166K, and assets of $871K (revenue +83.7% year-over-year).
- 2016: Revenue of $91K, expenses of $117K, and assets of $863K (revenue -58.4% year-over-year).
- 2015: Revenue of $219K, expenses of $192K, and assets of $860K (revenue -34.7% year-over-year).
- 2014: Revenue of $335K, expenses of $329K, and assets of $833K (revenue -46.5% year-over-year).
- 2013: Revenue of $627K, expenses of $615K, and assets of $827K (revenue +113.0% year-over-year).
- 2012: Revenue of $294K, expenses of $291K, and assets of $814K (revenue -45.5% year-over-year).
- 2011: Revenue of $540K, expenses of $495K, and assets of $811K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Custer Economic Development Corp:
Data Sources and Methodology
This transparency report for Custer Economic Development Corp 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.