Harrison County Alternative Education Center Incorporated

Harrison County Alternative Education Center maintains stable finances with zero executive compensation and growing assets.

EIN: 202724536 · Corydon, IN · NTEE: B60 · Updated: 2026-03-28

$390KRevenue

$277KAssets

92/100Mission Score (Excellent)

B60

About Harrison County Alternative Education Center Incorporated

Harrison County Alternative Education Center Incorporated (EIN: 202724536) is a nonprofit organization based in Corydon, IN, classified under NTEE code B60. The organization reported total revenue of $390K and total assets of $277K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Harrison County Alternative Education Center Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Harrison County Alternative Education Center Incorporated demonstrates consistent financial operations over the past decade, with revenues and expenses generally in the range of $250,000 to $330,000. The organization maintains a healthy asset base, growing from $123,377 in 2015 to $269,190 in 2023, with minimal to no liabilities reported, indicating strong financial solvency. While the latest filing (2023) shows expenses exceeding revenue by $24,945 ($329,832 vs $304,887), this appears to be an occasional fluctuation rather than a persistent trend, as most prior years show a surplus.

The organization's spending efficiency is commendable, particularly given its consistent reporting of 0% officer compensation across all filings, suggesting that resources are primarily directed towards its mission rather than executive salaries. The absence of reported liabilities further enhances its financial stability and transparency. The consistent filing of IRS Form 990s over 13 periods also indicates a commitment to regulatory compliance and public transparency.

Overall, the organization appears to be financially sound and responsibly managed, with a clear focus on its program activities. Its consistent asset growth and lack of debt are strong indicators of good financial health, despite minor year-to-year fluctuations in revenue and expenses.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Harrison County Alternative Education Center Incorporated with a Mission Score of 92 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, Harrison County Alternative Education Center Incorporated 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

Executive compensation is consistently reported as 0% across all available filings, indicating that no salaries are paid to officers, which is highly unusual for an organization of this size and suggests a volunteer-led or very lean operational model.

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 Harrison County Alternative Education Center Incorporated's IRS 990 filings:

Expenses exceeded revenue in the latest filing (2023) by $24,945, though this is not a consistent trend.

Strengths

The following positive indicators were identified for Harrison County Alternative Education Center Incorporated:

Consistent 0% officer compensation across all filings, indicating high efficiency in directing funds to mission.
Strong financial solvency with growing assets ($269,190 in 2023) and virtually no liabilities.
Consistent history of IRS 990 filings, demonstrating transparency and compliance.
Stable revenue and expense levels over a decade, indicating predictable operations.

Frequently Asked Questions about Harrison County Alternative Education Center Incorporated

Is Harrison County Alternative Education Center Incorporated a good charity?

Based on its financial data, Harrison County Alternative Education Center Incorporated appears to be a very good charity. It consistently reports 0% officer compensation, maintains a healthy and growing asset base with virtually no liabilities, and has a strong history of financial transparency through regular IRS 990 filings.

How does the organization manage to operate with 0% officer compensation?

The consistent reporting of 0% officer compensation suggests that the organization is either entirely volunteer-run at the executive level, or that executive functions are performed by staff whose compensation is categorized under program or administrative expenses rather than officer compensation. This is a highly efficient model for directing funds to mission.

What is the trend in the organization's financial health?

The organization shows a positive trend in financial health, with assets growing from $123,377 in 2015 to $269,190 in 2023, and liabilities consistently near zero. While there are minor fluctuations in annual revenue and expenses, the overall solvency and asset accumulation are strong.

Filing History

IRS 990 filing history for Harrison County Alternative Education Center Incorporated showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Harrison County Alternative Education Center Incorporated's revenue has grown by 17.7%, moving from $259K to $305K. Total assets increased by 555% over the same period, from $41K to $269K. Total functional expenses rose by 35.6%, from $243K to $330K. In its most recent filing year (2023), Harrison County Alternative Education Center Incorporated reported a deficit of $25K, with expenses exceeding revenue.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$305K	$330K	$269K	$0	—	—
2022	$316K	$281K	$294K	$0	—	—
2021	$270K	$279K	$260K	$0	—	View 990
2020	$300K	$278K	$269K	$0	—	—
2019	$302K	$275K	$247K	$0	—	View 990
2018	$302K	$261K	$220K	$26	—	View 990
2017	$280K	$251K	$180K	$27	—	View 990
2016	$279K	$252K	$151K	$486	—	View 990
2015	$266K	$293K	$123K	$587	—	View 990
2014	$272K	$239K	$151K	$633	—	View 990
2013	$276K	$223K	$118K	$623	—	View 990
2012	$249K	$224K	$65K	$529	—	View 990
2011	$259K	$243K	$41K	$2K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $305K, expenses of $330K, and assets of $269K (revenue -3.5% year-over-year).
2022: Revenue of $316K, expenses of $281K, and assets of $294K (revenue +17.1% year-over-year).
2021: Revenue of $270K, expenses of $279K, and assets of $260K (revenue -10.1% year-over-year).
2020: Revenue of $300K, expenses of $278K, and assets of $269K (revenue -0.5% year-over-year).
2019: Revenue of $302K, expenses of $275K, and assets of $247K (revenue -0.1% year-over-year).
2018: Revenue of $302K, expenses of $261K, and assets of $220K (revenue +7.8% year-over-year).
2017: Revenue of $280K, expenses of $251K, and assets of $180K (revenue +0.3% year-over-year).
2016: Revenue of $279K, expenses of $252K, and assets of $151K (revenue +5.1% year-over-year).
2015: Revenue of $266K, expenses of $293K, and assets of $123K (revenue -2.6% year-over-year).
2014: Revenue of $272K, expenses of $239K, and assets of $151K (revenue -1.4% year-over-year).
2013: Revenue of $276K, expenses of $223K, and assets of $118K (revenue +11.1% year-over-year).
2012: Revenue of $249K, expenses of $224K, and assets of $65K (revenue -4.0% year-over-year).
2011: Revenue of $259K, expenses of $243K, and assets of $41K.

Data Sources and Methodology

This transparency report for Harrison County Alternative Education Center Incorporated 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.