Lincoln County Economic Development Corporation
Lincoln County Economic Development Corporation shows consistent growth and financial stability with no reported officer compensation.
EIN: 200274228 · Limon, CO · NTEE: S30 · Updated: 2026-03-28
Is Lincoln County Economic Development Corporation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lincoln County Economic Development Corporation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lincoln County Economic Development Corporation
Lincoln County Economic Development Corporation (EIN: 200274228) is a nonprofit organization based in Limon, CO, classified under NTEE code S30. The organization reported total revenue of $213K and total assets of $284K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lincoln County Economic Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lincoln County Economic Development Corporation is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $162K |
| Total Expenses | $134K |
| Surplus / Deficit | +$29K |
| Total Assets | $242K |
| Total Liabilities | $3K |
| Net Assets | $239K |
| Operating Margin | 17.6% |
| Debt-to-Asset Ratio | 1.2% |
| Months of Reserves | 21.7 months |
Financial Health Grade: A
In 2023, Lincoln County Economic Development Corporation reported a surplus of $29K with revenue exceeding expenses, holds 21.7 months of operating reserves (strong position), has a debt-to-asset ratio of 1.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Lincoln County Economic Development Corporation's revenue has grown at a compound annual growth rate (CAGR) of 12.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +12.2% | +6.2% | +9.4% |
| 2022 | +7.0% | +6.8% | +9.8% |
| 2021 | -4.9% | +5.8% | +18.6% |
| 2020 | +8.8% | -6.8% | +22.4% |
| 2019 | +19.9% | -1.7% | +8.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2006 |
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 Lincoln County Economic Development Corporation 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Lincoln County Economic Development Corporation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 $29K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.2%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that key officers are either unpaid volunteers or compensated through other means not classified as officer compensation, which suggests a highly efficient and potentially volunteer-driven leadership structure for an organization of its size.
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.
Strengths
The following positive indicators were identified for Lincoln County Economic Development Corporation:
- Consistent revenue growth (from $79,874 in 2014 to $162,333 in 2023).
- Healthy and growing asset base (from $58,590 in 2014 to $242,023 in 2023).
- Consistent operational surpluses, indicating sound financial management.
- 0% reported officer compensation, suggesting high efficiency and volunteer leadership.
- Low liabilities relative to assets (e.g., $2,804 liabilities vs. $242,023 assets in 2023).
Frequently Asked Questions about Lincoln County Economic Development Corporation
Is Lincoln County Economic Development Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Lincoln County Economic Development Corporation (EIN: 200274228) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Lincoln County Economic Development Corporation spend its money?
Lincoln County Economic Development Corporation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Lincoln County Economic Development Corporation tax-deductible?
Lincoln County Economic Development Corporation is registered as a tax-exempt nonprofit (EIN: 200274228). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Lincoln County Economic Development Corporation financially stable?
Yes, the organization demonstrates strong financial stability with consistent revenue growth from $79,874 in 2014 to $162,333 in 2023, and a healthy asset base that has grown from $58,590 to $242,023 over the same period, consistently operating with a surplus.
How efficient is Lincoln County Economic Development Corporation with its spending?
The organization appears highly efficient. It consistently generates surpluses (e.g., $28,629 in 2023) and has no reported officer compensation, suggesting a lean operational model and a high proportion of resources directed towards its mission.
Does Lincoln County Economic Development Corporation pay its officers?
No, the IRS 990 filings consistently report 0% for officer compensation across all available periods, indicating that officers are not compensated or are compensated through non-reportable means.
Filing History
IRS 990 filing history for Lincoln County Economic Development Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Lincoln County Economic Development Corporation's revenue has grown by 304.1%, moving from $40K to $162K. Total assets increased by 1786.5% over the same period, from $13K to $242K. Total functional expenses rose by 340.1%, from $30K to $134K. In its most recent filing year (2023), Lincoln County Economic Development Corporation reported a surplus of $29K, with revenue exceeding expenses. The organization holds $3K in liabilities against $242K in assets (debt-to-asset ratio: 1.2%), resulting in net assets of $239K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $162K | $134K | $242K | $3K | — | View 990 |
| 2022 | $145K | $126K | $221K | $2K | — | — |
| 2021 | $135K | $118K | $201K | $3K | — | — |
| 2020 | $142K | $111K | $170K | $2K | — | View 990 |
| 2019 | $131K | $120K | $139K | $2K | — | View 990 |
| 2018 | $109K | $122K | $127K | $2K | — | View 990 |
| 2017 | $129K | $84K | $140K | $2K | — | View 990 |
| 2016 | $88K | $71K | $95K | $1K | — | View 990 |
| 2015 | $82K | $64K | $78K | $1K | — | View 990 |
| 2014 | $80K | $53K | $59K | $3K | — | View 990 |
| 2013 | $59K | $41K | $31K | $0 | — | View 990 |
| 2012 | $74K | $74K | $13K | $0 | — | View 990 |
| 2011 | $40K | $30K | $13K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $162K, expenses of $134K, and assets of $242K (revenue +12.2% year-over-year).
- 2022: Revenue of $145K, expenses of $126K, and assets of $221K (revenue +7.0% year-over-year).
- 2021: Revenue of $135K, expenses of $118K, and assets of $201K (revenue -4.9% year-over-year).
- 2020: Revenue of $142K, expenses of $111K, and assets of $170K (revenue +8.8% year-over-year).
- 2019: Revenue of $131K, expenses of $120K, and assets of $139K (revenue +19.9% year-over-year).
- 2018: Revenue of $109K, expenses of $122K, and assets of $127K (revenue -15.2% year-over-year).
- 2017: Revenue of $129K, expenses of $84K, and assets of $140K (revenue +46.7% year-over-year).
- 2016: Revenue of $88K, expenses of $71K, and assets of $95K (revenue +6.8% year-over-year).
- 2015: Revenue of $82K, expenses of $64K, and assets of $78K (revenue +2.7% year-over-year).
- 2014: Revenue of $80K, expenses of $53K, and assets of $59K (revenue +35.4% year-over-year).
- 2013: Revenue of $59K, expenses of $41K, and assets of $31K (revenue -20.3% year-over-year).
- 2012: Revenue of $74K, expenses of $74K, and assets of $13K (revenue +84.2% year-over-year).
- 2011: Revenue of $40K, expenses of $30K, and assets of $13K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lincoln County Economic Development Corporation:
Data Sources and Methodology
This transparency report for Lincoln 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.