Green Mountain Economic Development Corp
EIN: 30284683 · White Riv Jct, VT
| Metric | Value |
|---|---|
| Total Revenue | $674K |
| Total Expenses | $626K |
| Net Assets | $53K |
Is Green Mountain Economic Development Corp Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Green Mountain Economic Development Corp
Green Mountain Economic Development Corp (EIN: 30284683) is a nonprofit organization based in White Riv Jct, VT. The organization reported total revenue of $674K and total assets of $5.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Green Mountain Economic Development Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Green Mountain Economic Development Corp is a small nonprofit that has been operating for 43 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 11.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $532K |
| Total Expenses | $626K |
| Surplus / Deficit | $-94,696 |
| Total Assets | $5.2M |
| Total Liabilities | $5.1M |
| Net Assets | $53K |
| Operating Margin | -17.8% |
| Debt-to-Asset Ratio | 99.0% |
| Months of Reserves | 99.3 months |
Financial Health Grade: C
In 2023, Green Mountain Economic Development Corp reported a deficit of $95K with expenses exceeding revenue, holds 99.3 months of operating reserves (strong position), has a debt-to-asset ratio of 99.0% (high leverage).
Financial Trends
Over 12 years of filings (2012–2023), Green Mountain Economic Development Corp's revenue has grown at a compound annual growth rate (CAGR) of 11.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -53.8% | -45.4% | +10.0% |
| 2022 | +94.4% | +101.0% | -11.2% |
| 2021 | +16.4% | +11.9% | -2.3% |
| 2020 | +20.3% | +33.1% | -0.3% |
| 2019 | +55.7% | -5.6% | +201.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1983 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Green Mountain Economic Development Corp has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Green Mountain Economic Development Corp with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $95K, with expenses exceeding revenue.
- Debt-to-asset ratio: 99.0%.
Frequently Asked Questions about Green Mountain Economic Development Corp
Is Green Mountain Economic Development Corp a legitimate charity?
Green Mountain Economic Development Corp (EIN: 30284683) is a registered tax-exempt nonprofit based in Vermont. It has 12 years of IRS 990 filings on record. Total revenue: $674K. No red flags identified. Financial health grade: C.
How does Green Mountain Economic Development Corp spend its money?
Green Mountain Economic Development Corp reported $674K in total revenue in IRS 990 filings. 12 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Green Mountain Economic Development Corp tax-deductible?
Green Mountain Economic Development Corp is registered as a tax-exempt nonprofit (EIN: 30284683). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Green Mountain Economic Development Corp located?
Green Mountain Economic Development Corp is headquartered in White Riv Jct, Vermont and files with the IRS under EIN 30284683.
How many years of IRS 990 filings does Green Mountain Economic Development Corp have?
Green Mountain Economic Development Corp 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 $674K in total revenue.
Filing History
IRS 990 filing history for Green Mountain Economic Development Corp showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Green Mountain Economic Development Corp's revenue has grown by 237%, moving from $158K to $532K. Total assets increased by 496.4% over the same period, from $869K to $5.2M. Total functional expenses rose by 230.7%, from $189K to $626K. In its most recent filing year (2023), Green Mountain Economic Development Corp reported a deficit of $95K, with expenses exceeding revenue. The organization holds $5.1M in liabilities against $5.2M in assets (debt-to-asset ratio: 99.0%), resulting in net assets of $53K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $532K | $626K | $5.2M | $5.1M | — | View 990 |
| 2022 | $1.2M | $1.1M | $4.7M | $4.6M | — | View 990 |
| 2021 | $592K | $571K | $5.3M | $5.2M | — | — |
| 2020 | $508K | $510K | $5.4M | $5.3M | — | — |
| 2019 | $422K | $383K | $5.4M | $5.3M | — | View 990 |
| 2018 | $271K | $406K | $1.8M | $1.7M | — | View 990 |
| 2017 | $367K | $279K | $2.1M | $1.9M | — | View 990 |
| 2016 | $296K | $301K | $2.1M | $2.0M | — | View 990 |
| 2015 | $346K | $284K | $2.3M | $2.1M | — | View 990 |
| 2014 | $312K | $309K | $2.3M | $2.3M | — | View 990 |
| 2013 | $228K | $187K | $861K | $786K | — | View 990 |
| 2012 | $158K | $189K | $869K | $835K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $532K, expenses of $626K, and assets of $5.2M (revenue -53.8% year-over-year).
- 2022: Revenue of $1.2M, expenses of $1.1M, and assets of $4.7M (revenue +94.4% year-over-year).
- 2021: Revenue of $592K, expenses of $571K, and assets of $5.3M (revenue +16.4% year-over-year).
- 2020: Revenue of $508K, expenses of $510K, and assets of $5.4M (revenue +20.3% year-over-year).
- 2019: Revenue of $422K, expenses of $383K, and assets of $5.4M (revenue +55.7% year-over-year).
- 2018: Revenue of $271K, expenses of $406K, and assets of $1.8M (revenue -26.0% year-over-year).
- 2017: Revenue of $367K, expenses of $279K, and assets of $2.1M (revenue +23.9% year-over-year).
- 2016: Revenue of $296K, expenses of $301K, and assets of $2.1M (revenue -14.4% year-over-year).
- 2015: Revenue of $346K, expenses of $284K, and assets of $2.3M (revenue +10.8% year-over-year).
- 2014: Revenue of $312K, expenses of $309K, and assets of $2.3M (revenue +36.7% year-over-year).
- 2013: Revenue of $228K, expenses of $187K, and assets of $861K (revenue +44.8% year-over-year).
- 2012: Revenue of $158K, expenses of $189K, and assets of $869K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Green Mountain Economic Development Corp:
Data Sources and Methodology
This transparency report for Green Mountain 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.