Pike County Economic Development Corporation
Pike County Economic Development Corporation maintains stable operations with declining assets and no reported officer compensation.
EIN: 134216019 · Troy, AL · NTEE: S41 · Updated: 2026-03-28
Is Pike County Economic Development Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Pike County Economic Development Corporation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Pike County Economic Development Corporation
Pike County Economic Development Corporation (EIN: 134216019) is a nonprofit organization based in Troy, AL, classified under NTEE code S41. The organization reported total revenue of $470K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Pike County Economic Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Pike 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 3.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $433K |
| Total Expenses | $461K |
| Surplus / Deficit | $-27,485 |
| Total Assets | $1.2M |
| Total Liabilities | $430K |
| Net Assets | $777K |
| Operating Margin | -6.3% |
| Debt-to-Asset Ratio | 35.6% |
| Months of Reserves | 31.4 months |
Financial Health Grade: B
In 2023, Pike County Economic Development Corporation reported a deficit of $27K with expenses exceeding revenue, holds 31.4 months of operating reserves (strong position), has a debt-to-asset ratio of 35.6% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Pike County Economic Development Corporation's revenue has grown at a compound annual growth rate (CAGR) of 3.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +13.1% | +16.6% | -4.7% |
| 2022 | +4.2% | +4.0% | -2.3% |
| 2021 | -7.8% | +21.5% | -3.9% |
| 2020 | +6.2% | -12.3% | +2.9% |
| 2019 | +0.7% | -0.3% | -1.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| 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 Pike County Economic Development Corporation with a Mission Score of 75 out of 100 (Good). 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, Pike County Economic Development Corporation 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $27K, with expenses exceeding revenue.
- Debt-to-asset ratio: 35.6%.
Executive Compensation Analysis
The consistent reporting of 0% officer compensation across all available filings is unusual for an organization of this size and suggests that executive leadership may be entirely volunteer-based or compensated through other means not categorized as officer compensation on the 990, which could impact the true administrative cost picture.
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 Pike County Economic Development Corporation's IRS 990 filings:
- Unusually low (0%) reported officer compensation, which may obscure true administrative costs or indicate a unique operational model.
- Gradual decline in total assets over the past eight years, from $1,558,772 in 2015 to $1,206,147 in 2023.
Strengths
The following positive indicators were identified for Pike County Economic Development Corporation:
- Consistent financial reporting with 13 years of IRS 990 filings, indicating transparency and compliance.
- Maintained a healthy asset base consistently above $1 million, providing financial stability.
- Liabilities have decreased over time, from $777,245 in 2014 to $429,574 in 2023, indicating responsible debt management.
- Stable revenue generation, consistently in the range of $350,000-$470,000 annually.
Frequently Asked Questions about Pike County Economic Development Corporation
Is Pike County Economic Development Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Pike County Economic Development Corporation (EIN: 134216019) some concerns. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
How does Pike County Economic Development Corporation spend its money?
Pike County Economic Development Corporation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Pike County Economic Development Corporation tax-deductible?
Pike County Economic Development Corporation is registered as a tax-exempt nonprofit (EIN: 134216019). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Pike County Economic Development Corporation fund its operations given 0% reported officer compensation?
The consistent reporting of 0% officer compensation suggests that executive leadership may be volunteer-based or compensated through mechanisms not classified as officer compensation on the IRS Form 990. Further inquiry into their operational structure and compensation policies would clarify this.
What is the cause of the gradual decline in assets from $1.56 million in 2015 to $1.21 million in 2023?
The organization's assets have decreased by approximately $350,000 over eight years. This could be due to strategic asset utilization, depreciation, or a shift in investment strategy. However, liabilities have also decreased, suggesting a managed reduction rather than financial distress.
What are the specific program activities that constitute the majority of their expenses?
While the 990 data indicates overall expenses, a detailed breakdown of program activities is not provided in this summary. Further review of their full 990 forms would be necessary to understand the specific economic development initiatives they fund.
Filing History
IRS 990 filing history for Pike County Economic Development Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Pike County Economic Development Corporation's revenue has grown by 47.8%, moving from $293K to $433K. Total assets decreased by 31.9% over the same period, from $1.8M to $1.2M. Total functional expenses rose by 73.6%, from $265K to $461K. In its most recent filing year (2023), Pike County Economic Development Corporation reported a deficit of $27K, with expenses exceeding revenue. The organization holds $430K in liabilities against $1.2M in assets (debt-to-asset ratio: 35.6%), resulting in net assets of $777K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $433K | $461K | $1.2M | $430K | — | View 990 |
| 2022 | $383K | $395K | $1.3M | $461K | — | View 990 |
| 2021 | $368K | $380K | $1.3M | $479K | — | View 990 |
| 2020 | $399K | $313K | $1.3M | $520K | — | — |
| 2019 | $375K | $357K | $1.3M | $568K | — | View 990 |
| 2018 | $373K | $358K | $1.3M | $612K | — | View 990 |
| 2017 | $376K | $469K | $1.4M | $656K | — | View 990 |
| 2016 | $384K | $405K | $1.5M | $698K | — | View 990 |
| 2015 | $465K | $385K | $1.6M | $737K | — | View 990 |
| 2014 | $426K | $412K | $1.5M | $777K | — | View 990 |
| 2013 | $400K | $410K | $1.5M | $815K | — | View 990 |
| 2012 | $311K | $327K | $1.6M | $849K | — | View 990 |
| 2011 | $293K | $265K | $1.8M | $1.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $433K, expenses of $461K, and assets of $1.2M (revenue +13.1% year-over-year).
- 2022: Revenue of $383K, expenses of $395K, and assets of $1.3M (revenue +4.2% year-over-year).
- 2021: Revenue of $368K, expenses of $380K, and assets of $1.3M (revenue -7.8% year-over-year).
- 2020: Revenue of $399K, expenses of $313K, and assets of $1.3M (revenue +6.2% year-over-year).
- 2019: Revenue of $375K, expenses of $357K, and assets of $1.3M (revenue +0.7% year-over-year).
- 2018: Revenue of $373K, expenses of $358K, and assets of $1.3M (revenue -0.9% year-over-year).
- 2017: Revenue of $376K, expenses of $469K, and assets of $1.4M (revenue -2.1% year-over-year).
- 2016: Revenue of $384K, expenses of $405K, and assets of $1.5M (revenue -17.3% year-over-year).
- 2015: Revenue of $465K, expenses of $385K, and assets of $1.6M (revenue +9.1% year-over-year).
- 2014: Revenue of $426K, expenses of $412K, and assets of $1.5M (revenue +6.4% year-over-year).
- 2013: Revenue of $400K, expenses of $410K, and assets of $1.5M (revenue +28.6% year-over-year).
- 2012: Revenue of $311K, expenses of $327K, and assets of $1.6M (revenue +6.2% year-over-year).
- 2011: Revenue of $293K, expenses of $265K, and assets of $1.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Pike County Economic Development Corporation:
Data Sources and Methodology
This transparency report for Pike 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.