Economic Development Partnership Of Hillsdale County Inc
Economic Development Partnership Of Hillsdale County Inc shows consistent growth and strong program spending with no reported officer compensation.
EIN: 208088576 · Litchfield, MI · NTEE: S30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $341K |
| Total Expenses | $292K |
| Program Spending | 85% |
| Net Assets | $357K |
| Transparency Score | 90/100 |
Is Economic Development Partnership Of Hillsdale County Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Economic Development Partnership Of Hillsdale County Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Economic Development Partnership Of Hillsdale County Inc
Economic Development Partnership Of Hillsdale County Inc (EIN: 208088576) is a nonprofit organization based in Litchfield, MI, classified under NTEE code S30. The organization reported total revenue of $341K and total assets of $559K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Economic Development Partnership Of Hillsdale County Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Economic Development Partnership Of Hillsdale County Inc is a small nonprofit that has been operating for 19 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 6.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $300K |
| Total Expenses | $292K |
| Surplus / Deficit | +$8K |
| Total Assets | $501K |
| Total Liabilities | $143K |
| Net Assets | $357K |
| Operating Margin | 2.5% |
| Debt-to-Asset Ratio | 28.7% |
| Months of Reserves | 20.6 months |
Financial Health Grade: A
In 2023, Economic Development Partnership Of Hillsdale County Inc reported a surplus of $8K with revenue exceeding expenses, holds 20.6 months of operating reserves (strong position), has a debt-to-asset ratio of 28.7% (moderate leverage).
Financial Trends
Over 12 years of filings (2012–2023), Economic Development Partnership Of Hillsdale County Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +17.9% | +22.0% | +0.1% |
| 2022 | +21.6% | +41.9% | +0.6% |
| 2021 | -0.3% | -14.1% | +7.2% |
| 2020 | -27.7% | -28.2% | +6.2% |
| 2019 | +26.0% | +38.6% | +2.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Economic Development Partnership Of Hillsdale County Inc 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, Economic Development Partnership Of Hillsdale County Inc 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 $8K, with revenue exceeding expenses.
- Debt-to-asset ratio: 28.7%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting that executive leadership may be volunteer-based or compensated through non-officer roles, which is highly unusual for an organization of its size and revenue, and could indicate a very lean administrative structure or a need for further detail on compensation practices.
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 Economic Development Partnership Of Hillsdale County Inc's IRS 990 filings:
- No reported officer compensation across all filings, which is unusual for an organization of this scale and could warrant further investigation into how leadership is compensated or sustained.
Strengths
The following positive indicators were identified for Economic Development Partnership Of Hillsdale County Inc:
- Consistent growth in assets, from $203,282 in 2014 to $500,710 in 2023, indicating strong financial management.
- High program spending ratio, demonstrating a strong focus on its mission.
- Positive revenue-to-expense ratio, consistently generating surpluses.
- Excellent transparency with 12 years of consistent IRS 990 filings.
- Low liabilities relative to assets, indicating financial stability.
Frequently Asked Questions about Economic Development Partnership Of Hillsdale County Inc
Is Economic Development Partnership Of Hillsdale County Inc a legitimate charity?
Economic Development Partnership Of Hillsdale County Inc (EIN: 208088576) is a registered tax-exempt nonprofit based in Michigan. Our AI analysis gives it a Mission Score of 90/100. It has 12 years of IRS 990 filings on record. Total revenue: $341K. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Economic Development Partnership Of Hillsdale County Inc spend its money?
Economic Development Partnership Of Hillsdale County Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Economic Development Partnership Of Hillsdale County Inc tax-deductible?
Economic Development Partnership Of Hillsdale County Inc is registered as a tax-exempt nonprofit (EIN: 208088576). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Economic Development Partnership Of Hillsdale County Inc's spending goes to programs?
Economic Development Partnership Of Hillsdale County Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Economic Development Partnership Of Hillsdale County Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Economic Development Partnership Of Hillsdale County Inc is above average for NTEE category S30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Economic Development Partnership Of Hillsdale County Inc located?
Economic Development Partnership Of Hillsdale County Inc is headquartered in Litchfield, Michigan and files with the IRS under EIN 208088576. It is classified under NTEE code S30.
How many years of IRS 990 filings does Economic Development Partnership Of Hillsdale County Inc have?
Economic Development Partnership Of Hillsdale County Inc has 12 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 $341K in total revenue.
Is Economic Development Partnership Of Hillsdale County Inc a good charity?
Based on the available IRS 990 data, the organization appears to be a good charity. It demonstrates strong financial health, consistent growth in assets and revenue, and a high proportion of expenses dedicated to program services. The absence of reported officer compensation is also a notable positive, suggesting efficient use of funds.
How does the organization manage its liabilities?
The organization's liabilities have fluctuated but remained manageable relative to its assets. In 2023, liabilities were $143,486 against assets of $500,710, representing a liabilities-to-assets ratio of approximately 28.6%, which is a healthy level.
What is the trend in the organization's revenue and expenses?
The organization has shown a positive trend in both revenue and expenses, with revenue generally exceeding expenses, leading to surpluses. For example, in 2023, revenue was $299,538 and expenses were $292,018, indicating a surplus of $7,520. This consistent financial management contributes to asset growth.
Filing History
IRS 990 filing history for Economic Development Partnership Of Hillsdale County Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Economic Development Partnership Of Hillsdale County Inc's revenue has grown by 100.1%, moving from $150K to $300K. Total assets increased by 543.8% over the same period, from $78K to $501K. Total functional expenses rose by 82.6%, from $160K to $292K. In its most recent filing year (2023), Economic Development Partnership Of Hillsdale County Inc reported a surplus of $8K, with revenue exceeding expenses. The organization holds $143K in liabilities against $501K in assets (debt-to-asset ratio: 28.7%), resulting in net assets of $357K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $300K | $292K | $501K | $143K | — | — |
| 2022 | $254K | $239K | $500K | $150K | — | View 990 |
| 2021 | $209K | $169K | $497K | $157K | — | — |
| 2020 | $210K | $196K | $464K | $185K | — | View 990 |
| 2019 | $290K | $274K | $437K | $171K | — | View 990 |
| 2018 | $230K | $197K | $428K | $178K | — | — |
| 2017 | $234K | $190K | $323K | $106K | — | View 990 |
| 2016 | $189K | $171K | $258K | $94K | — | View 990 |
| 2015 | $154K | $148K | $209K | $62K | — | View 990 |
| 2014 | $207K | $185K | $203K | $62K | — | View 990 |
| 2013 | $187K | $144K | $124K | $6K | — | View 990 |
| 2012 | $150K | $160K | $78K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $300K, expenses of $292K, and assets of $501K (revenue +17.9% year-over-year).
- 2022: Revenue of $254K, expenses of $239K, and assets of $500K (revenue +21.6% year-over-year).
- 2021: Revenue of $209K, expenses of $169K, and assets of $497K (revenue -0.3% year-over-year).
- 2020: Revenue of $210K, expenses of $196K, and assets of $464K (revenue -27.7% year-over-year).
- 2019: Revenue of $290K, expenses of $274K, and assets of $437K (revenue +26.0% year-over-year).
- 2018: Revenue of $230K, expenses of $197K, and assets of $428K (revenue -1.8% year-over-year).
- 2017: Revenue of $234K, expenses of $190K, and assets of $323K (revenue +23.8% year-over-year).
- 2016: Revenue of $189K, expenses of $171K, and assets of $258K (revenue +22.9% year-over-year).
- 2015: Revenue of $154K, expenses of $148K, and assets of $209K (revenue -25.5% year-over-year).
- 2014: Revenue of $207K, expenses of $185K, and assets of $203K (revenue +10.7% year-over-year).
- 2013: Revenue of $187K, expenses of $144K, and assets of $124K (revenue +24.9% year-over-year).
- 2012: Revenue of $150K, expenses of $160K, and assets of $78K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Economic Development Partnership Of Hillsdale County Inc:
Data Sources and Methodology
This transparency report for Economic Development Partnership Of Hillsdale County Inc 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.