Grow North Regional Economic Development Corporation

Grow North Regional Economic Development Corporation shows consistent asset growth and no officer compensation, but recent liabilities increased significantly.

EIN: 201626778 · Rhinelander, WI · NTEE: S41 · Updated: 2026-03-28

$103KRevenue

$134KAssets

85/100Mission Score (Excellent)

S41

About Grow North Regional Economic Development Corporation

Grow North Regional Economic Development Corporation (EIN: 201626778) is a nonprofit organization based in Rhinelander, WI, classified under NTEE code S41. The organization reported total revenue of $103K and total assets of $134K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Grow North Regional Economic Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Grow North Regional Economic Development Corporation demonstrates a generally stable financial position, with assets growing from $4,757 in 2012 to $196,571 in 2023. The organization consistently operates with revenues exceeding expenses in most years, indicating sound financial management. For instance, in 2023, revenue was $128,388 against expenses of $79,884, resulting in a surplus. However, the organization's liabilities have seen a significant increase in the latest filing, jumping from $2,154 in 2022 to $47,920 in 2023, which warrants closer examination to understand the nature of these obligations.

The organization's spending efficiency appears reasonable, with no reported officer compensation across all filings, suggesting that resources are not being diverted to high executive salaries. While specific program spending ratios are not detailed in the provided data, the consistent surpluses imply that the organization is managing its operational costs effectively relative to its income. The lack of officer compensation also contributes positively to its transparency and public trust.

Overall, Grow North appears to be a financially prudent organization, effectively growing its asset base over time. The recent increase in liabilities is a point of interest, but without further detail on the nature of these liabilities, it's difficult to assess its long-term impact. The consistent absence of officer compensation is a strong indicator of a commitment to directing funds towards its mission.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Grow North Regional Economic Development Corporation 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: 15%
programs: 80%
fundraising: 5%

According to IRS 990 filings, Grow North Regional Economic Development Corporation 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.

Executive Compensation Analysis

Grow North Regional Economic Development Corporation reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is highly unusual for an organization of its size and suggests a volunteer-led or very lean operational structure.

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 Grow North Regional Economic Development Corporation's IRS 990 filings:

Significant increase in liabilities from $2,154 in 2022 to $47,920 in 2023 without clear explanation.

Strengths

The following positive indicators were identified for Grow North Regional Economic Development Corporation:

Consistent asset growth from $4,757 in 2012 to $196,571 in 2023.
No reported officer compensation across all filings, indicating efficient use of funds.
Generally operates with revenue exceeding expenses, demonstrating financial stability.
Long filing history (10 filings) indicates sustained operation and compliance.

Frequently Asked Questions about Grow North Regional Economic Development Corporation

What caused the significant increase in liabilities from $2,154 in 2022 to $47,920 in 2023?

The provided data does not specify the nature of these liabilities. Further investigation into the organization's detailed financial statements would be necessary to understand this change.

How does Grow North Regional Economic Development Corporation manage to operate without any reported officer compensation?

The absence of officer compensation suggests that the organization may be primarily volunteer-run at the executive level, or that executive services are provided pro bono or through other non-compensatory arrangements. This is a strong indicator of dedication to mission over personal gain.

What are the specific program activities and their associated costs for Grow North Regional Economic Development Corporation?

The provided IRS 990 summary data does not detail specific program activities or their individual costs. A full IRS 990 filing would provide this breakdown in Part III, Statement of Program Service Accomplishments.

Filing History

IRS 990 filing history for Grow North Regional Economic Development Corporation showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2012–2023), Grow North Regional Economic Development Corporation's revenue has grown by 143%, moving from $53K to $128K. Total assets increased by 4032.2% over the same period, from $5K to $197K. Total functional expenses rose by 50.5%, from $53K to $80K. In its most recent filing year (2023), Grow North Regional Economic Development Corporation reported a surplus of $49K, with revenue exceeding expenses. The organization holds $48K in liabilities against $197K in assets (debt-to-asset ratio: 24.4%), resulting in net assets of $149K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$128K	$80K	$197K	$48K	—	—
2022	$190K	$188K	$103K	$2K	—	View 990
2019	$126K	$122K	$84K	$0	—	View 990
2018	$73K	$73K	$79K	$0	—	View 990
2017	$78K	$67K	$79K	$0	—	—
2016	$53K	$46K	$67K	$0	—	View 990
2015	$131K	$83K	$61K	$0	—	View 990
2014	$56K	$55K	$13K	$0	—	View 990
2013	$66K	$59K	$12K	$0	—	View 990
2012	$53K	$53K	$5K	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $128K, expenses of $80K, and assets of $197K (revenue -32.5% year-over-year).
2022: Revenue of $190K, expenses of $188K, and assets of $103K (revenue +50.5% year-over-year).
2019: Revenue of $126K, expenses of $122K, and assets of $84K (revenue +71.9% year-over-year).
2018: Revenue of $73K, expenses of $73K, and assets of $79K (revenue -6.2% year-over-year).
2017: Revenue of $78K, expenses of $67K, and assets of $79K (revenue +48.0% year-over-year).
2016: Revenue of $53K, expenses of $46K, and assets of $67K (revenue -59.5% year-over-year).
2015: Revenue of $131K, expenses of $83K, and assets of $61K (revenue +135.3% year-over-year).
2014: Revenue of $56K, expenses of $55K, and assets of $13K (revenue -16.2% year-over-year).
2013: Revenue of $66K, expenses of $59K, and assets of $12K (revenue +25.4% year-over-year).
2012: Revenue of $53K, expenses of $53K, and assets of $5K.

Data Sources and Methodology

This transparency report for Grow North Regional 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.