Historic Downtown Chelanassociation

Historic Downtown Chelanassociation maintains strong asset base despite recent operating deficit and zero officer compensation.

EIN: 204075007 · Chelan, WA · NTEE: A800 · Updated: 2026-03-28

$414KRevenue

$489KAssets

88/100Mission Score (Excellent)

A800

About Historic Downtown Chelanassociation

Historic Downtown Chelanassociation (EIN: 204075007) is a nonprofit organization based in Chelan, WA, classified under NTEE code A800. The organization reported total revenue of $414K and total assets of $489K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Historic Downtown Chelanassociation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Historic Downtown Chelanassociation demonstrates a generally stable financial position, with assets consistently exceeding liabilities across its filing history. The organization's revenue has shown fluctuations, with a notable peak in 2021 at $396,142 and a more recent dip in 2023 where expenses ($379,531) exceeded revenue ($297,093), resulting in a deficit for that year. Despite this, the organization has maintained a healthy asset base, with current assets at $488,715 and zero liabilities reported in the latest available filing (202312). This suggests good financial management in terms of solvency.

The organization's spending efficiency appears to be strong, particularly given the consistent reporting of 0% officer compensation across all filings. This indicates that leadership is either volunteer-based or compensated through other means not classified as officer compensation, which can be a positive sign for donor confidence. Without a detailed breakdown of program, administrative, and fundraising expenses, a precise efficiency ratio is difficult to ascertain, but the absence of officer compensation is a strong indicator of cost-conscious operations.

Transparency is high due to the consistent filing of IRS Form 990s over 13 periods, providing a comprehensive financial history. The consistent reporting of zero liabilities in many periods, including the latest, further enhances confidence in their financial health and management. The organization's NTEE code A800 (Community Improvement & Capacity Building) aligns with its name, suggesting a clear mission focus.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Historic Downtown Chelanassociation with a Mission Score of 88 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, Historic Downtown Chelanassociation 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 13 filings, indicating that executive leadership is either unpaid or compensated through non-officer channels, which is highly favorable for a nonprofit of its size with latest revenue of $413,780.

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 Historic Downtown Chelanassociation's IRS 990 filings:

Operating deficit in 2023 ($297,093 revenue vs. $379,531 expenses)

Strengths

The following positive indicators were identified for Historic Downtown Chelanassociation:

Consistent reporting of 0% officer compensation across all filings
Strong asset base ($488,715) relative to liabilities ($0 in latest filing)
Long history of IRS 990 filings (13 periods) demonstrating transparency
Consistent positive net assets over time, indicating financial resilience

Frequently Asked Questions about Historic Downtown Chelanassociation

Is Historic Downtown Chelanassociation financially stable?

Yes, despite an operating deficit in 2023 where expenses ($379,531) exceeded revenue ($297,093), the organization maintains a strong asset base of $488,715 and has reported zero liabilities in its latest filing, indicating good solvency.

How does Historic Downtown Chelanassociation manage executive compensation?

The organization consistently reports 0% officer compensation in all its IRS 990 filings, suggesting a volunteer-led executive team or compensation structured outside of typical officer salary reporting, which is a positive for resource allocation.

Has the organization experienced significant revenue fluctuations?

Yes, revenue has varied, peaking at $396,142 in 2021 and dropping to $297,093 in 2023, while also experiencing lower revenue years like $128,905 in 2019.

Filing History

IRS 990 filing history for Historic Downtown Chelanassociation showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Historic Downtown Chelanassociation's revenue has grown by 230.1%, moving from $90K to $297K. Total assets increased by 185.8% over the same period, from $109K to $311K. Total functional expenses rose by 388.7%, from $78K to $380K. In its most recent filing year (2023), Historic Downtown Chelanassociation reported a deficit of $82K, with expenses exceeding revenue.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$297K	$380K	$311K	$0	—	View 990
2022	$289K	$263K	$393K	$0	—	—
2021	$396K	$321K	$382K	$14K	—	View 990
2020	$194K	$154K	$293K	$0	—	View 990
2019	$129K	$206K	$254K	$791	—	View 990
2018	$165K	$166K	$330K	$0	—	View 990
2017	$213K	$116K	$331K	$0	—	View 990
2016	$120K	$102K	$239K	$4K	—	View 990
2015	$144K	$117K	$218K	$2K	—	View 990
2014	$145K	$124K	$190K	$0	—	View 990
2013	$162K	$75K	$168K	$0	—	View 990
2012	$67K	$95K	$81K	$0	—	View 990
2011	$90K	$78K	$109K	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $297K, expenses of $380K, and assets of $311K (revenue +3.0% year-over-year).
2022: Revenue of $289K, expenses of $263K, and assets of $393K (revenue -27.2% year-over-year).
2021: Revenue of $396K, expenses of $321K, and assets of $382K (revenue +104.0% year-over-year).
2020: Revenue of $194K, expenses of $154K, and assets of $293K (revenue +50.6% year-over-year).
2019: Revenue of $129K, expenses of $206K, and assets of $254K (revenue -21.8% year-over-year).
2018: Revenue of $165K, expenses of $166K, and assets of $330K (revenue -22.4% year-over-year).
2017: Revenue of $213K, expenses of $116K, and assets of $331K (revenue +77.6% year-over-year).
2016: Revenue of $120K, expenses of $102K, and assets of $239K (revenue -17.0% year-over-year).
2015: Revenue of $144K, expenses of $117K, and assets of $218K (revenue -0.7% year-over-year).
2014: Revenue of $145K, expenses of $124K, and assets of $190K (revenue -10.2% year-over-year).
2013: Revenue of $162K, expenses of $75K, and assets of $168K (revenue +140.4% year-over-year).
2012: Revenue of $67K, expenses of $95K, and assets of $81K (revenue -25.3% year-over-year).
2011: Revenue of $90K, expenses of $78K, and assets of $109K.

Data Sources and Methodology

This transparency report for Historic Downtown Chelanassociation 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.