Industrial Development Board Of Gibson County Tennessee
Gibson County Industrial Development Board shows volatile revenue but consistent asset base and no officer compensation.
EIN: 202703372 · Trenton, TN · NTEE: S20 · Updated: 2026-03-28
Is Industrial Development Board Of Gibson County Tennessee Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Industrial Development Board Of Gibson County Tennessee directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Industrial Development Board Of Gibson County Tennessee
Industrial Development Board Of Gibson County Tennessee (EIN: 202703372) is a nonprofit organization based in Trenton, TN, classified under NTEE code S20. The organization reported total revenue of $467K and total assets of $3.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Industrial Development Board Of Gibson County Tennessee's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Industrial Development Board Of Gibson County Tennessee 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, Industrial Development Board Of Gibson County Tennessee 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
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive compensation from the organization, which is highly favorable for an organization of its size with assets around $3.5 million.
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 Industrial Development Board Of Gibson County Tennessee's IRS 990 filings:
- Significant expense exceeding revenue in 202306 ($881,844 expenses vs. $36,762 revenue) without clear explanation in summary data.
- Revenue volatility, with figures ranging from $33,371 (201906) to $1,952,887 (202206), which could impact long-term planning.
Strengths
The following positive indicators were identified for Industrial Development Board Of Gibson County Tennessee:
- Consistent 0% officer compensation across all filings, indicating strong financial stewardship and transparency regarding executive pay.
- Stable asset base around $3 million, providing a solid foundation despite revenue fluctuations.
- Low liabilities reported in most periods, indicating good financial management and minimal debt burden.
Frequently Asked Questions about Industrial Development Board Of Gibson County Tennessee
Is Industrial Development Board Of Gibson County Tennessee a legitimate charity?
Based on AI analysis of IRS 990 filings, Industrial Development Board Of Gibson County Tennessee (EIN: 202703372) some concerns. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
How does Industrial Development Board Of Gibson County Tennessee spend its money?
Industrial Development Board Of Gibson County Tennessee directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Industrial Development Board Of Gibson County Tennessee tax-deductible?
Industrial Development Board Of Gibson County Tennessee is registered as a tax-exempt nonprofit (EIN: 202703372). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What caused the significant expense increase to $881,844 in 202306, given the low revenue of $36,762?
This large expense in 202306, significantly exceeding revenue, suggests a major project or investment. Further details from the full 990 filing would be needed to understand the nature of these expenditures and their alignment with the organization's industrial development mission.
How does the organization manage its financial stability with such volatile revenue streams?
The organization's consistent asset base, around $3 million, suggests it may rely on accumulated reserves or specific project funding to manage operational costs during periods of lower revenue, as seen in 202406 where expenses ($54,928) exceeded revenue ($43,535).
What are the primary sources of revenue for the Industrial Development Board?
While specific sources aren't detailed in the provided data, the NTEE code S20 (Economic Development) suggests revenue likely comes from government grants, bond issuances, property sales, or fees related to development projects. The large spike in revenue in 202206 ($1,952,887) indicates a significant, likely project-specific, funding event.
Filing History
IRS 990 filing history for Industrial Development Board Of Gibson County Tennessee showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Industrial Development Board Of Gibson County Tennessee's revenue has declined by 16.8%, moving from $52K to $44K. Total assets increased by 16.1% over the same period, from $2.8M to $3.2M. Total functional expenses fell by 50.2%, from $110K to $55K. In its most recent filing year (2024), Industrial Development Board Of Gibson County Tennessee reported a deficit of $11K, with expenses exceeding revenue. The organization holds $245 in liabilities against $3.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $3.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2024 | $44K | $55K | $3.2M | $245 | — | — |
| 2023 | $37K | $882K | $3.2M | $6K | — | — |
| 2022 | $2.0M | $560K | $4.1M | $0 | — | View 990 |
| 2021 | $443K | $663K | $2.7M | $0 | — | — |
| 2020 | $42K | $13K | $2.9M | $0 | — | — |
| 2019 | $33K | $70K | $2.9M | $0 | — | View 990 |
| 2018 | $51K | $65K | $2.9M | $0 | — | View 990 |
| 2017 | $51K | $59K | $2.9M | $0 | — | View 990 |
| 2016 | $57K | $13K | $2.9M | $0 | — | View 990 |
| 2015 | $75K | $6K | $2.9M | $0 | — | View 990 |
| 2014 | $73K | $96K | $2.8M | $0 | — | View 990 |
| 2013 | $66K | $3K | $2.8M | $0 | — | View 990 |
| 2012 | $52K | $110K | $2.8M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $44K, expenses of $55K, and assets of $3.2M (revenue +18.4% year-over-year).
- 2023: Revenue of $37K, expenses of $882K, and assets of $3.2M (revenue -98.1% year-over-year).
- 2022: Revenue of $2.0M, expenses of $560K, and assets of $4.1M (revenue +340.6% year-over-year).
- 2021: Revenue of $443K, expenses of $663K, and assets of $2.7M (revenue +943.8% year-over-year).
- 2020: Revenue of $42K, expenses of $13K, and assets of $2.9M (revenue +27.2% year-over-year).
- 2019: Revenue of $33K, expenses of $70K, and assets of $2.9M (revenue -34.6% year-over-year).
- 2018: Revenue of $51K, expenses of $65K, and assets of $2.9M (revenue -0.1% year-over-year).
- 2017: Revenue of $51K, expenses of $59K, and assets of $2.9M (revenue -10.9% year-over-year).
- 2016: Revenue of $57K, expenses of $13K, and assets of $2.9M (revenue -23.8% year-over-year).
- 2015: Revenue of $75K, expenses of $6K, and assets of $2.9M (revenue +3.4% year-over-year).
- 2014: Revenue of $73K, expenses of $96K, and assets of $2.8M (revenue +10.8% year-over-year).
- 2013: Revenue of $66K, expenses of $3K, and assets of $2.8M (revenue +25.4% year-over-year).
- 2012: Revenue of $52K, expenses of $110K, and assets of $2.8M.
Data Sources and Methodology
This transparency report for Industrial Development Board Of Gibson County Tennessee 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.