Wabash Area Development Inc
EIN: 370890111 · Enfield, IL · NTEE: B22Z
| Metric | Value |
|---|---|
| Total Revenue | $12.8M |
| Total Expenses | $13.4M |
| Net Assets | $5.3M |
Is Wabash Area Development Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Wabash Area Development Inc
Wabash Area Development Inc (EIN: 370890111) is a nonprofit organization based in Enfield, IL, classified under NTEE code B22Z. The organization reported total revenue of $12.8M and total assets of $9.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wabash Area Development Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wabash Area Development Inc is a large nonprofit that has been operating for 60 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $12.9M |
| Total Expenses | $13.4M |
| Surplus / Deficit | $-492,217 |
| Total Assets | $9.6M |
| Total Liabilities | $4.3M |
| Net Assets | $5.3M |
| Operating Margin | -3.8% |
| Debt-to-Asset Ratio | 44.6% |
| Months of Reserves | 8.6 months |
Financial Health Grade: B
In 2023, Wabash Area Development Inc reported a deficit of $492K with expenses exceeding revenue, holds 8.6 months of operating reserves (strong position), has a debt-to-asset ratio of 44.6% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Wabash Area Development Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -8.2% | -4.0% | +0.2% |
| 2022 | -7.6% | -3.9% | -3.0% |
| 2021 | +21.1% | +17.4% | -1.2% |
| 2020 | -15.2% | -14.5% | +5.8% |
| 2019 | +16.3% | +12.3% | +3.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1966 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Wabash Area Development Inc 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 Wabash Area Development Inc 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 $492K, with expenses exceeding revenue.
- Debt-to-asset ratio: 44.6%.
Frequently Asked Questions about Wabash Area Development Inc
Is Wabash Area Development Inc a legitimate charity?
Wabash Area Development Inc (EIN: 370890111) is a registered tax-exempt nonprofit based in Illinois. It has 13 years of IRS 990 filings on record. Total revenue: $12.8M. No red flags identified. Financial health grade: B.
How does Wabash Area Development Inc spend its money?
Wabash Area Development Inc reported $12.8M in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Wabash Area Development Inc tax-deductible?
Wabash Area Development Inc is registered as a tax-exempt nonprofit (EIN: 370890111). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Wabash Area Development Inc located?
Wabash Area Development Inc is headquartered in Enfield, Illinois and files with the IRS under EIN 370890111. It is classified under NTEE code B22Z.
How many years of IRS 990 filings does Wabash Area Development Inc have?
Wabash Area Development Inc 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 $12.8M in total revenue.
Filing History
IRS 990 filing history for Wabash Area Development Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Wabash Area Development Inc's revenue has declined by 13.4%, moving from $14.9M to $12.9M. Total assets increased by 12.3% over the same period, from $8.5M to $9.6M. Total functional expenses fell by 8.7%, from $14.7M to $13.4M. In its most recent filing year (2023), Wabash Area Development Inc reported a deficit of $492K, with expenses exceeding revenue. The organization holds $4.3M in liabilities against $9.6M in assets (debt-to-asset ratio: 44.6%), resulting in net assets of $5.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $12.9M | $13.4M | $9.6M | $4.3M | — | — |
| 2022 | $14.1M | $14.0M | $9.6M | $4.0M | — | View 990 |
| 2021 | $15.2M | $14.5M | $9.8M | $4.2M | — | View 990 |
| 2020 | $12.6M | $12.4M | $10.0M | $4.9M | — | View 990 |
| 2019 | $14.8M | $14.5M | $9.4M | $4.5M | — | View 990 |
| 2018 | $12.8M | $12.9M | $9.1M | $4.5M | — | View 990 |
| 2017 | $14.9M | $15.1M | $8.8M | $3.8M | — | View 990 |
| 2016 | $12.4M | $12.2M | $9.5M | $4.2M | — | View 990 |
| 2015 | $10.6M | $10.6M | $10.6M | $5.6M | — | View 990 |
| 2014 | $11.3M | $11.2M | $9.6M | $4.6M | — | View 990 |
| 2013 | $10.9M | $10.8M | $8.6M | $3.7M | — | View 990 |
| 2012 | $12.7M | $12.6M | $9.0M | $4.2M | — | View 990 |
| 2011 | $14.9M | $14.7M | $8.5M | $3.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $12.9M, expenses of $13.4M, and assets of $9.6M (revenue -8.2% year-over-year).
- 2022: Revenue of $14.1M, expenses of $14.0M, and assets of $9.6M (revenue -7.6% year-over-year).
- 2021: Revenue of $15.2M, expenses of $14.5M, and assets of $9.8M (revenue +21.1% year-over-year).
- 2020: Revenue of $12.6M, expenses of $12.4M, and assets of $10.0M (revenue -15.2% year-over-year).
- 2019: Revenue of $14.8M, expenses of $14.5M, and assets of $9.4M (revenue +16.3% year-over-year).
- 2018: Revenue of $12.8M, expenses of $12.9M, and assets of $9.1M (revenue -14.6% year-over-year).
- 2017: Revenue of $14.9M, expenses of $15.1M, and assets of $8.8M (revenue +20.1% year-over-year).
- 2016: Revenue of $12.4M, expenses of $12.2M, and assets of $9.5M (revenue +17.1% year-over-year).
- 2015: Revenue of $10.6M, expenses of $10.6M, and assets of $10.6M (revenue -5.8% year-over-year).
- 2014: Revenue of $11.3M, expenses of $11.2M, and assets of $9.6M (revenue +3.8% year-over-year).
- 2013: Revenue of $10.9M, expenses of $10.8M, and assets of $8.6M (revenue -14.7% year-over-year).
- 2012: Revenue of $12.7M, expenses of $12.6M, and assets of $9.0M (revenue -14.6% year-over-year).
- 2011: Revenue of $14.9M, expenses of $14.7M, and assets of $8.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wabash Area Development Inc:
Data Sources and Methodology
This transparency report for Wabash Area Development 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.