Shenandoah Economic Development Corp
EIN: 510245749 · Shenandoah, IA
| Metric | Value |
|---|---|
| Total Revenue | $283K |
| Total Expenses | $336K |
| Net Assets | $42K |
Is Shenandoah Economic Development Corp Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Shenandoah Economic Development Corp
Shenandoah Economic Development Corp (EIN: 510245749) is a nonprofit organization based in Shenandoah, IA. The organization reported total revenue of $283K and total assets of $71K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Shenandoah Economic Development Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Shenandoah Economic Development Corp is a small nonprofit that has been operating for 71 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $283K |
| Total Expenses | $336K |
| Surplus / Deficit | $-53,172 |
| Total Assets | $56K |
| Total Liabilities | $14K |
| Net Assets | $42K |
| Operating Margin | -18.8% |
| Debt-to-Asset Ratio | 25.0% |
| Months of Reserves | 2.0 months |
Financial Health Grade: C
In 2023, Shenandoah Economic Development Corp reported a deficit of $53K with expenses exceeding revenue, holds 2.0 months of operating reserves (limited), has a debt-to-asset ratio of 25.0% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Shenandoah Economic Development Corp's revenue has grown at a compound annual growth rate (CAGR) of 1.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.8% | +17.8% | -48.5% |
| 2022 | +3.1% | -7.5% | -7.3% |
| 2021 | -12.3% | +23.1% | -28.5% |
| 2020 | -1.5% | -7.8% | +39.8% |
| 2019 | +10.5% | +0.5% | +17.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1955 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Shenandoah Economic Development Corp 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 Shenandoah Economic Development Corp 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 deficit of $53K, with expenses exceeding revenue.
- Debt-to-asset ratio: 25.0%.
Frequently Asked Questions about Shenandoah Economic Development Corp
Is Shenandoah Economic Development Corp a legitimate charity?
Based on AI analysis of IRS 990 filings, Shenandoah Economic Development Corp (EIN: 510245749) insufficient data. 0 red flags identified, 0 strengths noted.
How does Shenandoah Economic Development Corp spend its money?
Detailed spending breakdown data is not yet available for Shenandoah Economic Development Corp. Check back for updated IRS 990 analysis.
Are donations to Shenandoah Economic Development Corp tax-deductible?
Shenandoah Economic Development Corp is registered as a tax-exempt nonprofit (EIN: 510245749). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Shenandoah Economic Development Corp located?
Shenandoah Economic Development Corp is headquartered in Shenandoah, Iowa and files with the IRS under EIN 510245749.
How many years of IRS 990 filings does Shenandoah Economic Development Corp have?
Shenandoah Economic Development Corp has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $283K in total revenue.
Filing History
IRS 990 filing history for Shenandoah Economic Development Corp showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Shenandoah Economic Development Corp's revenue has grown by 21.8%, moving from $232K to $283K. Total assets decreased by 43.3% over the same period, from $98K to $56K. Total functional expenses rose by 48.9%, from $226K to $336K. In its most recent filing year (2023), Shenandoah Economic Development Corp reported a deficit of $53K, with expenses exceeding revenue. The organization holds $14K in liabilities against $56K in assets (debt-to-asset ratio: 25.0%), resulting in net assets of $42K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $283K | $336K | $56K | $14K | — | — |
| 2022 | $270K | $285K | $108K | $13K | — | View 990 |
| 2021 | $262K | $308K | $117K | $6K | — | View 990 |
| 2020 | $298K | $250K | $163K | $6K | — | — |
| 2019 | $303K | $271K | $117K | $8K | — | View 990 |
| 2018 | $274K | $270K | $99K | $21K | — | View 990 |
| 2017 | $274K | $271K | $102K | $29K | — | View 990 |
| 2016 | $291K | $277K | $98K | $27K | — | View 990 |
| 2015 | $246K | $261K | $91K | $34K | — | View 990 |
| 2014 | $247K | $256K | $92K | $20K | — | View 990 |
| 2013 | $242K | $259K | $92K | $11K | — | View 990 |
| 2012 | $238K | $230K | $106K | $7K | — | View 990 |
| 2011 | $232K | $226K | $98K | $8K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $283K, expenses of $336K, and assets of $56K (revenue +4.8% year-over-year).
- 2022: Revenue of $270K, expenses of $285K, and assets of $108K (revenue +3.1% year-over-year).
- 2021: Revenue of $262K, expenses of $308K, and assets of $117K (revenue -12.3% year-over-year).
- 2020: Revenue of $298K, expenses of $250K, and assets of $163K (revenue -1.5% year-over-year).
- 2019: Revenue of $303K, expenses of $271K, and assets of $117K (revenue +10.5% year-over-year).
- 2018: Revenue of $274K, expenses of $270K, and assets of $99K (revenue +0.1% year-over-year).
- 2017: Revenue of $274K, expenses of $271K, and assets of $102K (revenue -5.9% year-over-year).
- 2016: Revenue of $291K, expenses of $277K, and assets of $98K (revenue +18.4% year-over-year).
- 2015: Revenue of $246K, expenses of $261K, and assets of $91K (revenue -0.4% year-over-year).
- 2014: Revenue of $247K, expenses of $256K, and assets of $92K (revenue +1.7% year-over-year).
- 2013: Revenue of $242K, expenses of $259K, and assets of $92K (revenue +1.9% year-over-year).
- 2012: Revenue of $238K, expenses of $230K, and assets of $106K (revenue +2.5% year-over-year).
- 2011: Revenue of $232K, expenses of $226K, and assets of $98K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Shenandoah Economic Development Corp:
Data Sources and Methodology
This transparency report for Shenandoah Economic Development Corp 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.