Harrison County Economic Development Corporation
Harrison County Economic Development Corporation maintains stable operations with no officer compensation, but carries significant liabilities.
EIN: 201076473 · Corydon, IN · NTEE: S30 · Updated: 2026-03-28
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Harrison County Economic Development Corporation is mapped to EIN 201076473.
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14 stored filing years available.
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80% program spend, health grade A
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| Metric | Value |
|---|---|
| Total Revenue | $827K |
| Total Expenses | $304K |
| Program Spending | 80% |
| Net Assets | $2.9M |
| Transparency Score | 75/100 |
Search Intent Cockpit
Harrison County Economic Development Corporation Form 990, Revenue, CEO Pay, and IRS Filing Signals
Harrison County Economic Development Corporation is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Harrison County Economic Development Corporation in one place.
Form 990 Filing Summary
14 filing years are available, with latest revenue of $444K and expenses of $304K.
Revenue and Expenses
Harrison County Economic Development Corporation reported $444K in revenue and $304K in expenses, a surplus of $141K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
75/100 mission score, 2 red flags, and 3 strengths are shown from structured and AI review.
Is Harrison County Economic Development Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $243K (80%) |
Across stored filings, Harrison County Economic Development Corporation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 2 red flags identified |
| Mission spend | 80% to programs | Excellent |
| Financial durability | Grade A | 14 stored filing years |
| Peer context | Compare with Sigma Kappa Sorority | Indiana and Community Improvement context |
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Harrison County Economic Development Corporation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Harrison County Economic Development Corporation
Harrison County Economic Development Corporation (EIN: 201076473) is a nonprofit organization based in Corydon, IN, classified under NTEE code S30. The organization reported total revenue of $827K and total assets of $9.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Harrison County Economic Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Harrison County Economic Development Corporation is a small nonprofit that has been operating for 22 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -2.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $444K |
| Total Expenses | $304K |
| Surplus / Deficit | +$141K |
| Total Assets | $9.2M |
| Total Liabilities | $6.3M |
| Net Assets | $2.9M |
| Operating Margin | 31.7% |
| Debt-to-Asset Ratio | 68.5% |
| Months of Reserves | 365.7 months |
Financial Health Grade: A
In 2023, Harrison County Economic Development Corporation reported a surplus of $141K with revenue exceeding expenses, holds 365.7 months of operating reserves (strong position), has a debt-to-asset ratio of 68.5% (high leverage).
Financial Trends
Over 14 years of filings (2010–2023), Harrison County Economic Development Corporation's revenue has declined at a compound annual growth rate (CAGR) of -2.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +39.0% | -11.1% | -1.1% |
| 2022 | +11.6% | -11.2% | -1.0% |
| 2021 | -45.4% | +8.6% | -7.9% |
| 2020 | -4.1% | -25.9% | +0.1% |
| 2019 | +25.2% | -9.7% | -1.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Harrison County Economic Development Corporation with a Mission Score of 75 out of 100 (Good). 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, Harrison County 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $141K, with revenue exceeding expenses.
- Debt-to-asset ratio: 68.5%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its officers, which is highly unusual and suggests either a volunteer-led executive team or compensation being reported under other expense categories, requiring further investigation for complete transparency.
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 Economic Development Corporation's IRS 990 filings:
- Consistently high liabilities relative to assets, indicating potential financial leverage or debt dependence.
- 0% officer compensation reported, which is unusual and may obscure true executive costs if compensation is reported elsewhere.
Strengths
The following positive indicators were identified for Harrison County Economic Development Corporation:
- Consistent operational activity over many years, indicating stability.
- No reported officer compensation, suggesting a strong commitment to directing funds to mission or volunteer leadership.
- Maintains a substantial asset base of over $9 million, providing significant resources for its economic development mission.
Frequently Asked Questions about Harrison County Economic Development Corporation
Is Harrison County Economic Development Corporation a legitimate charity?
Harrison County Economic Development Corporation (EIN: 201076473) is a registered tax-exempt nonprofit based in Indiana. Our AI analysis gives it a Mission Score of 75/100. It has 14 years of IRS 990 filings on record. Total revenue: $827K. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Harrison County Economic Development Corporation spend its money?
Harrison County Economic Development Corporation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Harrison County Economic Development Corporation tax-deductible?
Harrison County Economic Development Corporation is registered as a tax-exempt nonprofit (EIN: 201076473). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Harrison County Economic Development Corporation's spending goes to programs?
Harrison County Economic Development Corporation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Harrison County Economic Development Corporation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Harrison County Economic Development Corporation 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 Harrison County Economic Development Corporation located?
Harrison County Economic Development Corporation is headquartered in Corydon, Indiana and files with the IRS under EIN 201076473. It is classified under NTEE code S30.
How many years of IRS 990 filings does Harrison County Economic Development Corporation have?
Harrison County Economic Development Corporation has 14 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 $827K in total revenue.
What is the nature of the significant liabilities reported by the organization?
The consistent reporting of high liabilities, such as $6,331,506 in 2023 against $9,249,691 in assets, suggests a substantial portion of the organization's assets may be financed through debt or other obligations. Understanding the specific types of liabilities (e.g., mortgages, program-related investments, or other debt) is crucial for assessing financial risk.
How does the organization manage to operate with 0% officer compensation?
The consistent 0% officer compensation is highly unusual for an organization of this size and asset base. This could indicate that executive leadership is entirely volunteer-based, or that compensation is categorized differently within the financial statements (e.g., as general salaries or contractor fees), which would impact the true administrative cost picture.
What is the trend in the organization's net assets?
Net assets (Assets minus Liabilities) have fluctuated, showing a general decline from a high of approximately $2.3 million in 2020 ($10,261,566 - $7,906,333) to about $2.9 million in 2023 ($9,249,691 - $6,331,506). While the 2023 net assets show an improvement from 2020, the overall trend from earlier years (e.g., $2.5 million in 2017) suggests a relatively stable but not significantly growing equity base.
Filing History
IRS 990 filing history for Harrison County Economic Development Corporation showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Harrison County Economic Development Corporation's revenue has declined by 31%, moving from $644K to $444K. Total assets increased by 472.4% over the same period, from $1.6M to $9.2M. Total functional expenses fell by 36.1%, from $475K to $304K. In its most recent filing year (2023), Harrison County Economic Development Corporation reported a surplus of $141K, with revenue exceeding expenses. The organization holds $6.3M in liabilities against $9.2M in assets (debt-to-asset ratio: 68.5%), resulting in net assets of $2.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $444K | $304K | $9.2M | $6.3M | — | — |
| 2022 | $320K | $341K | $9.4M | $6.6M | — | View 990 |
| 2021 | $286K | $384K | $9.5M | $7.2M | — | View 990 |
| 2020 | $525K | $354K | $10.3M | $7.9M | — | View 990 |
| 2019 | $547K | $477K | $10.3M | $8.1M | — | View 990 |
| 2018 | $437K | $529K | $10.4M | $8.3M | — | View 990 |
| 2017 | $517K | $404K | $11.0M | $8.9M | — | View 990 |
| 2016 | $460K | $425K | $8.5M | $6.5M | — | View 990 |
| 2015 | $607K | $408K | $8.5M | $6.5M | — | View 990 |
| 2014 | $509K | $375K | $8.7M | $6.9M | — | View 990 |
| 2013 | $515K | $332K | $7.2M | $5.5M | — | View 990 |
| 2012 | $614K | $679K | $3.2M | $1.7M | — | View 990 |
| 2011 | $638K | $383K | $3.4M | $1.8M | — | View 990 |
| 2010 | $644K | $475K | $1.6M | $300K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $444K, expenses of $304K, and assets of $9.2M (revenue +39.0% year-over-year).
- 2022: Revenue of $320K, expenses of $341K, and assets of $9.4M (revenue +11.6% year-over-year).
- 2021: Revenue of $286K, expenses of $384K, and assets of $9.5M (revenue -45.4% year-over-year).
- 2020: Revenue of $525K, expenses of $354K, and assets of $10.3M (revenue -4.1% year-over-year).
- 2019: Revenue of $547K, expenses of $477K, and assets of $10.3M (revenue +25.2% year-over-year).
- 2018: Revenue of $437K, expenses of $529K, and assets of $10.4M (revenue -15.5% year-over-year).
- 2017: Revenue of $517K, expenses of $404K, and assets of $11.0M (revenue +12.6% year-over-year).
- 2016: Revenue of $460K, expenses of $425K, and assets of $8.5M (revenue -24.2% year-over-year).
- 2015: Revenue of $607K, expenses of $408K, and assets of $8.5M (revenue +19.3% year-over-year).
- 2014: Revenue of $509K, expenses of $375K, and assets of $8.7M (revenue -1.2% year-over-year).
- 2013: Revenue of $515K, expenses of $332K, and assets of $7.2M (revenue -16.2% year-over-year).
- 2012: Revenue of $614K, expenses of $679K, and assets of $3.2M (revenue -3.8% year-over-year).
- 2011: Revenue of $638K, expenses of $383K, and assets of $3.4M (revenue -0.8% year-over-year).
- 2010: Revenue of $644K, expenses of $475K, and assets of $1.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Harrison County Economic Development Corporation:
Data Sources and Methodology
This transparency report for Harrison County 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.