Falls City Economic Development Andgrowth Enterprise Inc
Falls City Economic Development Andgrowth Enterprise Inc shows consistent growth in assets and maintains a surplus with no reported officer compensation.
EIN: 204688422 · Falls City, NE · NTEE: S41 · Updated: 2026-03-28
About Falls City Economic Development Andgrowth Enterprise Inc
Falls City Economic Development Andgrowth Enterprise Inc (EIN: 204688422) is a nonprofit organization based in Falls City, NE, classified under NTEE code S41. The organization reported total revenue of $330K and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Falls City Economic Development Andgrowth Enterprise Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Falls City Economic Development Andgrowth Enterprise Inc with a Mission Score of 85 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Falls City Economic Development Andgrowth Enterprise Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either entirely volunteer-based or compensated through mechanisms not classified as officer compensation, which is highly favorable for donor perception and resource allocation.
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 Falls City Economic Development Andgrowth Enterprise Inc's IRS 990 filings:
- Increasing liabilities, reaching $399,605 in 2023, warrant monitoring relative to asset growth and cash flow.
Strengths
The following positive indicators were identified for Falls City Economic Development Andgrowth Enterprise Inc:
- Consistent reporting of 0% officer compensation across all filings, indicating strong resource allocation to mission.
- Significant asset growth from $305,024 in 2014 to $1,477,009 in 2023, demonstrating financial stability and capacity.
- Healthy financial surpluses in recent years, such as $93,885 in 2023, indicating effective expense management.
- Stable revenue base over the past decade, supporting ongoing operations.
Frequently Asked Questions about Falls City Economic Development Andgrowth Enterprise Inc
How does Falls City Economic Development Andgrowth Enterprise Inc utilize its growing assets?
The organization's assets have grown significantly from $305,024 in 2014 to $1,477,009 in 2023. Further investigation into their program activities and specific asset allocations would clarify how these resources are deployed for economic development initiatives.
What are the primary sources of revenue for the organization?
While the filings show total revenue, a detailed breakdown of revenue sources (e.g., grants, contributions, program service revenue) is not provided in this summary, making it difficult to assess funding diversification.
What specific economic development programs does the organization operate?
The NTEE code S41 indicates economic development, but the financial data alone does not detail the specific programs or initiatives undertaken by Falls City Economic Development Andgrowth Enterprise Inc.
Filing History
IRS 990 filing history for Falls City Economic Development Andgrowth Enterprise Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Falls City Economic Development Andgrowth Enterprise Inc's revenue has grown by 50.2%, moving from $219K to $330K. Total assets increased by 346.2% over the same period, from $331K to $1.5M. Total functional expenses fell by 24.2%, from $311K to $236K. In its most recent filing year (2023), Falls City Economic Development Andgrowth Enterprise Inc reported a surplus of $94K, with revenue exceeding expenses. The organization holds $400K in liabilities against $1.5M in assets (debt-to-asset ratio: 27.1%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $330K | $236K | $1.5M | $400K | — | View 990 |
| 2022 | $233K | $214K | $881K | $157K | — | View 990 |
| 2021 | $520K | $338K | $1.2M | $572K | — | View 990 |
| 2020 | $284K | $298K | $1.0M | $576K | — | — |
| 2019 | $225K | $225K | $583K | $164K | — | View 990 |
| 2018 | $195K | $197K | $417K | $36K | — | View 990 |
| 2017 | $217K | $292K | $386K | $40K | — | View 990 |
| 2016 | $226K | $227K | $434K | $55K | — | View 990 |
| 2015 | $253K | $253K | $376K | $44K | — | View 990 |
| 2014 | $257K | $264K | $305K | $71K | — | View 990 |
| 2013 | $240K | $240K | $192K | $21K | — | View 990 |
| 2012 | $215K | $409K | $162K | $0 | — | View 990 |
| 2011 | $219K | $311K | $331K | $55K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $330K, expenses of $236K, and assets of $1.5M (revenue +41.7% year-over-year).
- 2022: Revenue of $233K, expenses of $214K, and assets of $881K (revenue -55.3% year-over-year).
- 2021: Revenue of $520K, expenses of $338K, and assets of $1.2M (revenue +82.9% year-over-year).
- 2020: Revenue of $284K, expenses of $298K, and assets of $1.0M (revenue +26.1% year-over-year).
- 2019: Revenue of $225K, expenses of $225K, and assets of $583K (revenue +15.7% year-over-year).
- 2018: Revenue of $195K, expenses of $197K, and assets of $417K (revenue -10.4% year-over-year).
- 2017: Revenue of $217K, expenses of $292K, and assets of $386K (revenue -3.7% year-over-year).
- 2016: Revenue of $226K, expenses of $227K, and assets of $434K (revenue -10.9% year-over-year).
- 2015: Revenue of $253K, expenses of $253K, and assets of $376K (revenue -1.4% year-over-year).
- 2014: Revenue of $257K, expenses of $264K, and assets of $305K (revenue +7.3% year-over-year).
- 2013: Revenue of $240K, expenses of $240K, and assets of $192K (revenue +11.3% year-over-year).
- 2012: Revenue of $215K, expenses of $409K, and assets of $162K (revenue -1.9% year-over-year).
- 2011: Revenue of $219K, expenses of $311K, and assets of $331K.
Data Sources and Methodology
This transparency report for Falls City Economic Development Andgrowth Enterprise 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.