Northeast Wisconsin Economic Development Corporation

Northeast Wisconsin Economic Development Corporation experiences significant financial contraction with declining revenue and assets.

EIN: 203772167 · Rhinelander, WI · NTEE: S80 · Updated: 2026-03-28

$173KRevenue

$659KAssets

55/100Mission Score (Fair)

S80

About Northeast Wisconsin Economic Development Corporation

Northeast Wisconsin Economic Development Corporation (EIN: 203772167) is a nonprofit organization based in Rhinelander, WI, classified under NTEE code S80. The organization reported total revenue of $173K and total assets of $659K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Northeast Wisconsin Economic Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Northeast Wisconsin Economic Development Corporation exhibits a concerning trend of declining revenue and assets over the past several years, indicating potential financial instability. Revenue has dropped significantly from a peak of $636,243 in 2018 to $71,338 in 2023, and assets have plummeted from over $15 million in 2017 to $545,572 in 2023. While the organization consistently reports 0% officer compensation, which suggests good stewardship in that area, the overall financial trajectory raises questions about its long-term sustainability and operational capacity. The substantial liabilities relative to assets in earlier years, such as $15.3 million in liabilities against $15.5 million in assets in 2017, also point to a highly leveraged financial structure that has since been significantly reduced, likely through asset divestment.

The organization's spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, the consistent reporting of expenses being close to or exceeding revenue in many periods (e.g., $491,066 expenses vs. $476,081 revenue in 2019) suggests that the organization has been operating on thin margins or drawing down reserves. The lack of officer compensation is a positive transparency indicator, but the dramatic reduction in scale and financial resources warrants closer examination to understand the underlying causes and future viability of its economic development programs.

Given the significant changes in financial scale, a more detailed look at the nature of its assets and liabilities, particularly the large debt in earlier years, would be crucial for a complete transparency assessment. The current financial state, with $545,572 in assets and $246,006 in liabilities in 2023, represents a much smaller operation than in previous years. While the organization has maintained a positive net asset position in recent years, the overall trend of contraction is a primary concern for its financial health and ability to fulfill its mission.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Northeast Wisconsin Economic Development Corporation with a Mission Score of 55 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 20%
programs: 70%
fundraising: 10%

According to IRS 990 filings, Northeast Wisconsin Economic Development Corporation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.

Executive Compensation Analysis

Executive compensation has consistently been reported as 0% across all available filings, indicating that no officers or key employees received compensation from the organization, which is a positive sign for resource allocation.

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 Northeast Wisconsin Economic Development Corporation's IRS 990 filings:

Significant and consistent decline in revenue over multiple years, from $636,243 in 2018 to $71,338 in 2023.
Dramatic reduction in total assets from over $15 million in 2017 to $545,572 in 2023, indicating a major contraction.
Historically high liabilities relative to assets, such as $15.3 million in liabilities against $15.5 million in assets in 2017, suggesting a highly leveraged financial structure in the past.

Strengths

The following positive indicators were identified for Northeast Wisconsin Economic Development Corporation:

Consistent reporting of 0% officer compensation, indicating efficient use of funds for leadership costs.
Maintained positive net assets in recent years, despite significant financial contraction (e.g., $545,572 assets vs. $246,006 liabilities in 2023).

Frequently Asked Questions about Northeast Wisconsin Economic Development Corporation

Why has the organization's revenue decreased so dramatically from $636,243 in 2018 to $71,338 in 2023?

The provided data shows a consistent and steep decline in revenue over the past five years, suggesting a significant change in funding sources, operational scope, or economic conditions affecting the organization.

What caused the substantial reduction in assets from over $15 million in 2017 to $545,572 in 2023?

The dramatic decrease in assets, coupled with a corresponding reduction in liabilities, indicates a major restructuring or divestment of assets, possibly related to a large loan portfolio or property holdings that were liquidated.

How does the organization sustain its operations with such low revenue and no reported officer compensation?

The consistent 0% officer compensation suggests a volunteer-led or very lean operational model, but the low revenue in recent years raises questions about the scale and impact of its current economic development activities.

What specific programs or initiatives are currently being funded given the reduced financial capacity?

With revenue at $71,338 and expenses at $30,162 in 2023, the organization's program scope must have significantly narrowed compared to its operations when revenue was in the hundreds of thousands.

Filing History

IRS 990 filing history for Northeast Wisconsin Economic Development Corporation showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Northeast Wisconsin Economic Development Corporation's revenue has declined by 71.2%, moving from $248K to $71K. Total assets decreased by 80.7% over the same period, from $2.8M to $546K. Total functional expenses fell by 81.9%, from $166K to $30K. In its most recent filing year (2023), Northeast Wisconsin Economic Development Corporation reported a surplus of $41K, with revenue exceeding expenses. The organization holds $246K in liabilities against $546K in assets (debt-to-asset ratio: 45.1%), resulting in net assets of $300K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$71K	$30K	$546K	$246K	—	View 990
2022	$129K	$103K	$533K	$275K	—	View 990
2021	$237K	$220K	$3.8M	$3.6M	—	View 990
2020	$365K	$339K	$7.0M	$6.8M	—	—
2019	$476K	$491K	$10.0M	$9.8M	—	View 990
2018	$636K	$576K	$13.2M	$13.0M	—	View 990
2017	$621K	$614K	$15.5M	$15.4M	—	View 990
2016	$183K	$218K	$15.6M	$15.5M	—	View 990
2015	$308K	$375K	$610K	$438K	—	View 990
2014	$345K	$286K	$3.5M	$3.3M	—	View 990
2013	$319K	$277K	$3.6M	$3.4M	—	View 990
2012	$265K	$261K	$2.7M	$2.6M	—	View 990
2011	$248K	$166K	$2.8M	$2.7M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $71K, expenses of $30K, and assets of $546K (revenue -44.6% year-over-year).
2022: Revenue of $129K, expenses of $103K, and assets of $533K (revenue -45.6% year-over-year).
2021: Revenue of $237K, expenses of $220K, and assets of $3.8M (revenue -35.1% year-over-year).
2020: Revenue of $365K, expenses of $339K, and assets of $7.0M (revenue -23.4% year-over-year).
2019: Revenue of $476K, expenses of $491K, and assets of $10.0M (revenue -25.2% year-over-year).
2018: Revenue of $636K, expenses of $576K, and assets of $13.2M (revenue +2.4% year-over-year).
2017: Revenue of $621K, expenses of $614K, and assets of $15.5M (revenue +239.3% year-over-year).
2016: Revenue of $183K, expenses of $218K, and assets of $15.6M (revenue -40.5% year-over-year).
2015: Revenue of $308K, expenses of $375K, and assets of $610K (revenue -10.8% year-over-year).
2014: Revenue of $345K, expenses of $286K, and assets of $3.5M (revenue +8.2% year-over-year).
2013: Revenue of $319K, expenses of $277K, and assets of $3.6M (revenue +20.2% year-over-year).
2012: Revenue of $265K, expenses of $261K, and assets of $2.7M (revenue +7.1% year-over-year).
2011: Revenue of $248K, expenses of $166K, and assets of $2.8M.

Data Sources and Methodology

This transparency report for Northeast Wisconsin 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.