North Florida Economic Developmentpartnership Inc

North Florida Economic Developmentpartnership Inc shows consistent revenue growth and strong asset accumulation with no reported officer compensation.

EIN: 204360126 · Tallahassee, FL · NTEE: S40 · Updated: 2026-03-28

$624KRevenue

$567KAssets

85/100Mission Score (Excellent)

S40

About North Florida Economic Developmentpartnership Inc

North Florida Economic Developmentpartnership Inc (EIN: 204360126) is a nonprofit organization based in Tallahassee, FL, classified under NTEE code S40. The organization reported total revenue of $624K and total assets of $567K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of North Florida Economic Developmentpartnership Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

North Florida Economic Developmentpartnership Inc demonstrates consistent financial growth and stability over the past several years. Revenue has shown an upward trend, increasing from $363,641 in 2021 to $470,137 in 2023, indicating growing support for its mission. The organization consistently maintains a healthy asset base, which has grown significantly from $380,970 in 2021 to $569,693 in 2023, suggesting good financial management and reserves. Liabilities are relatively low compared to assets, further reinforcing its financial health.

The organization appears to be efficient in its operations, with expenses generally staying below revenue, allowing for asset accumulation. For instance, in 2023, expenses were $409,328 against revenues of $470,137. A notable aspect of its financial management is the reported 0% officer compensation across all available filings, which suggests a volunteer-driven leadership or that compensation is reported under other categories, warranting further investigation for complete transparency. However, based on the provided data, this indicates a strong commitment to directing funds towards the organization's mission rather than executive salaries.

Overall, the organization exhibits strong financial health with consistent revenue growth, prudent asset management, and a lean approach to executive compensation. Its consistent filing history also points to good transparency practices.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates North Florida Economic Developmentpartnership Inc 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: 10%
programs: 85%
fundraising: 5%

According to IRS 990 filings, North Florida Economic Developmentpartnership Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size and revenue. This suggests either a fully volunteer-led executive team or that executive compensation is categorized under other expense lines, which could impact 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 North Florida Economic Developmentpartnership Inc's IRS 990 filings:

0% reported officer compensation may obscure actual executive remuneration if it's categorized elsewhere, impacting transparency.

Strengths

The following positive indicators were identified for North Florida Economic Developmentpartnership Inc:

Consistent revenue growth, increasing from $363,641 in 2021 to $470,137 in 2023.
Strong asset accumulation, with assets growing from $380,970 in 2021 to $569,693 in 2023.
Expenses consistently lower than revenue, indicating efficient financial management (e.g., 2023 expenses $409,328 vs. revenue $470,137).
Low liabilities relative to assets, suggesting strong financial stability.
Consistent IRS 990 filing history, indicating good transparency practices.

Frequently Asked Questions about North Florida Economic Developmentpartnership Inc

How does North Florida Economic Developmentpartnership Inc manage to operate with 0% reported officer compensation?

The consistent reporting of 0% officer compensation across all filings is highly unusual. It could indicate that executive leadership is entirely volunteer-based, or that compensation for key personnel is reported under other expense categories (e.g., salaries and wages for staff, not specifically 'officer compensation'), which would require reviewing the full IRS Form 990 for detailed expense breakdowns.

What is the specific breakdown of program spending for North Florida Economic Developmentpartnership Inc?

While the overall program spending appears high based on the general expense-to-revenue ratio, the provided data does not offer a detailed breakdown of specific program activities or their associated costs. A review of Part III, Statement of Program Service Accomplishments, in the full IRS Form 990 would provide this detail.

Is the organization's asset growth sustainable?

Yes, the organization's asset growth appears sustainable, driven by consistent revenue exceeding expenses. Assets have grown from $380,970 in 2021 to $569,693 in 2023, while liabilities remain relatively low, indicating a healthy financial position and ability to build reserves.

Filing History

IRS 990 filing history for North Florida Economic Developmentpartnership Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), North Florida Economic Developmentpartnership Inc's revenue has grown by 88%, moving from $250K to $470K. Total assets increased by 158.2% over the same period, from $221K to $570K. Total functional expenses rose by 95.7%, from $209K to $409K. In its most recent filing year (2023), North Florida Economic Developmentpartnership Inc reported a surplus of $61K, with revenue exceeding expenses. The organization holds $43K in liabilities against $570K in assets (debt-to-asset ratio: 7.5%), resulting in net assets of $527K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$470K	$409K	$570K	$43K	—	View 990
2022	$486K	$382K	$529K	$63K	—	View 990
2021	$364K	$306K	$381K	$19K	—	View 990
2020	$392K	$268K	$416K	$43K	—	—
2019	$388K	$370K	$266K	$32K	—	View 990
2018	$358K	$368K	$217K	$0	—	View 990
2017	$396K	$356K	$236K	$10K	—	View 990
2016	$390K	$411K	$199K	$13K	—	View 990
2015	$413K	$385K	$222K	$15K	—	View 990
2014	$427K	$440K	$211K	$26K	—	View 990
2013	$289K	$337K	$210K	$0	—	View 990
2012	$260K	$222K	$259K	$0	—	View 990
2011	$250K	$209K	$221K	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $470K, expenses of $409K, and assets of $570K (revenue -3.2% year-over-year).
2022: Revenue of $486K, expenses of $382K, and assets of $529K (revenue +33.6% year-over-year).
2021: Revenue of $364K, expenses of $306K, and assets of $381K (revenue -7.3% year-over-year).
2020: Revenue of $392K, expenses of $268K, and assets of $416K (revenue +1.1% year-over-year).
2019: Revenue of $388K, expenses of $370K, and assets of $266K (revenue +8.2% year-over-year).
2018: Revenue of $358K, expenses of $368K, and assets of $217K (revenue -9.6% year-over-year).
2017: Revenue of $396K, expenses of $356K, and assets of $236K (revenue +1.6% year-over-year).
2016: Revenue of $390K, expenses of $411K, and assets of $199K (revenue -5.5% year-over-year).
2015: Revenue of $413K, expenses of $385K, and assets of $222K (revenue -3.4% year-over-year).
2014: Revenue of $427K, expenses of $440K, and assets of $211K (revenue +48.0% year-over-year).
2013: Revenue of $289K, expenses of $337K, and assets of $210K (revenue +11.0% year-over-year).
2012: Revenue of $260K, expenses of $222K, and assets of $259K (revenue +3.9% year-over-year).
2011: Revenue of $250K, expenses of $209K, and assets of $221K.

Data Sources and Methodology

This transparency report for North Florida Economic Developmentpartnership Inc 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.