Oceana County Development Corporation
EIN: 920351744 · Shelby, MI · NTEE: L99
| Metric | Value |
|---|---|
| Total Revenue | $1.8M |
| Total Expenses | $121K |
| Net Assets | $1.9M |
Is Oceana County Development Corporation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Oceana County Development Corporation
Oceana County Development Corporation (EIN: 920351744) is a nonprofit organization based in Shelby, MI, classified under NTEE code L99. The organization reported total revenue of $1.8M and total assets of $10.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Oceana County Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Oceana County Development Corporation is a mid-size nonprofit that has been operating for 3 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of 810.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.8M |
| Total Expenses | $121K |
| Surplus / Deficit | +$1.7M |
| Total Assets | $4.4M |
| Total Liabilities | $2.6M |
| Net Assets | $1.9M |
| Operating Margin | 93.3% |
| Debt-to-Asset Ratio | 57.5% |
| Months of Reserves | 439.3 months |
Financial Health Grade: A
In 2023, Oceana County Development Corporation reported a surplus of $1.7M with revenue exceeding expenses, holds 439.3 months of operating reserves (strong position), has a debt-to-asset ratio of 57.5% (high leverage).
Financial Trends
Over 2 years of filings (2022–2023), Oceana County Development Corporation's revenue has grown at a compound annual growth rate (CAGR) of 810.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +810.1% | +1374.0% | +2218.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2023 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Oceana County Development Corporation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Oceana County Development Corporation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.7M, with revenue exceeding expenses.
- Debt-to-asset ratio: 57.5%.
Frequently Asked Questions about Oceana County Development Corporation
Is Oceana County Development Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Oceana County Development Corporation (EIN: 920351744) insufficient data. 0 red flags identified, 0 strengths noted.
How does Oceana County Development Corporation spend its money?
Detailed spending breakdown data is not yet available for Oceana County Development Corporation. Check back for updated IRS 990 analysis.
Are donations to Oceana County Development Corporation tax-deductible?
Oceana County Development Corporation is registered as a tax-exempt nonprofit (EIN: 920351744). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Oceana County Development Corporation located?
Oceana County Development Corporation is headquartered in Shelby, Michigan and files with the IRS under EIN 920351744. It is classified under NTEE code L99.
How many years of IRS 990 filings does Oceana County Development Corporation have?
Oceana County Development Corporation has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $1.8M in total revenue.
Filing History
IRS 990 filing history for Oceana County Development Corporation showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Oceana County Development Corporation's revenue has grown by 810.1%, moving from $200K to $1.8M. Total assets increased by 2218.1% over the same period, from $192K to $4.4M. Total functional expenses rose by 1374%, from $8K to $121K. In its most recent filing year (2023), Oceana County Development Corporation reported a surplus of $1.7M, with revenue exceeding expenses. The organization holds $2.6M in liabilities against $4.4M in assets (debt-to-asset ratio: 57.5%), resulting in net assets of $1.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.8M | $121K | $4.4M | $2.6M | — | — |
| 2022 | $200K | $8K | $192K | $0 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Oceana County Development Corporation:
Data Sources and Methodology
This transparency report for Oceana County 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.