Washington County Economic Development Corp
Washington County Economic Development Corp shows strong revenue growth and asset accumulation with no reported officer compensation.
EIN: 203851261 · West Bend, WI · NTEE: S30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.2M |
| Total Expenses | $826K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $514K |
| Transparency Score | 85/100 |
Is Washington County Economic Development Corp Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Washington County Economic Development Corp directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Washington County Economic Development Corp
Washington County Economic Development Corp (EIN: 203851261) is a nonprofit organization based in West Bend, WI, classified under NTEE code S30. The organization reported total revenue of $1.2M and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Washington County Economic Development Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Washington County Economic Development Corp is a mid-size nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $826K |
| Surplus / Deficit | +$280K |
| Total Assets | $1.2M |
| Total Liabilities | $658K |
| Net Assets | $514K |
| Operating Margin | 25.3% |
| Debt-to-Asset Ratio | 56.2% |
| Months of Reserves | 17.0 months |
Financial Health Grade: A
In 2023, Washington County Economic Development Corp reported a surplus of $280K with revenue exceeding expenses, holds 17.0 months of operating reserves (strong position), has a debt-to-asset ratio of 56.2% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Washington County Economic Development Corp's revenue has grown at a compound annual growth rate (CAGR) of 12.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +77.1% | +41.8% | +193.5% |
| 2022 | +15.0% | +7.6% | +21.7% |
| 2021 | +5.9% | -1.1% | +7.5% |
| 2020 | +1.6% | +7.2% | -12.0% |
| 2019 | +26.7% | +34.2% | +37.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 2007 |
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 Washington County Economic Development Corp with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Washington County Economic Development Corp allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 surplus of $280K, with revenue exceeding expenses.
- Debt-to-asset ratio: 56.2%.
Executive Compensation Analysis
No officer compensation has been reported across all available filings, which is unusual for an organization of this size with over $1 million in revenue, suggesting either a fully volunteer executive team or compensation is reported under other expense categories.
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 Washington County Economic Development Corp's IRS 990 filings:
- Lack of reported officer compensation may obscure executive pay practices if compensation is embedded in other expense categories.
Strengths
The following positive indicators were identified for Washington County Economic Development Corp:
- Significant revenue growth from $543,113 in 2021 to $1,106,235 in 2023.
- Substantial asset accumulation, increasing from $327,809 in 2021 to $1,171,167 in 2023.
- Consistent financial surpluses in recent years (e.g., $1,106,235 revenue vs. $826,027 expenses in 2023).
- No reported officer compensation, potentially indicating efficient use of funds or volunteer leadership.
Frequently Asked Questions about Washington County Economic Development Corp
Is Washington County Economic Development Corp a legitimate charity?
Based on AI analysis of IRS 990 filings, Washington County Economic Development Corp (EIN: 203851261) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Washington County Economic Development Corp spend its money?
Washington County Economic Development Corp directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Washington County Economic Development Corp tax-deductible?
Washington County Economic Development Corp is registered as a tax-exempt nonprofit (EIN: 203851261). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Washington County Economic Development Corp CEO make?
Washington County Economic Development Corp's highest-compensated officer earns $1 annually. The organization reported $1.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Washington County Economic Development Corp's spending goes to programs?
Washington County Economic Development Corp directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Washington County Economic Development Corp compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Washington County Economic Development Corp is above average for NTEE category S30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Washington County Economic Development Corp located?
Washington County Economic Development Corp is headquartered in West Bend, Wisconsin and files with the IRS under EIN 203851261. It is classified under NTEE code S30.
How many years of IRS 990 filings does Washington County Economic Development Corp have?
Washington County 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 $1.2M in total revenue.
Is Washington County Economic Development Corp a good charity?
Based on the provided financial data, WCEDC appears to be a financially healthy and well-managed organization. It consistently generates surpluses, has significantly grown its assets, and does not report officer compensation, which could indicate efficient use of funds. However, a detailed breakdown of program spending versus administrative and fundraising costs would provide a more complete picture of its charitable effectiveness.
How has the organization's financial health changed over time?
WCEDC has experienced significant financial growth, particularly from 2021 to 2023. Revenue jumped from $543,113 in 2021 to $1,106,235 in 2023, and assets increased from $327,809 to $1,171,167 in the same period, indicating a strong upward trend in financial capacity and stability.
What is the organization's approach to executive compensation?
The IRS 990 filings consistently report 0% for Officer Compensation across all periods. This suggests that either the organization's executive leadership is entirely volunteer-based, or their compensation is categorized under other expense lines, which would warrant further investigation for full transparency.
Filing History
IRS 990 filing history for Washington County Economic Development Corp showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Washington County Economic Development Corp's revenue has grown by 327%, moving from $259K to $1.1M. Total assets increased by 440.6% over the same period, from $217K to $1.2M. Total functional expenses rose by 184.3%, from $291K to $826K. In its most recent filing year (2023), Washington County Economic Development Corp reported a surplus of $280K, with revenue exceeding expenses. The organization holds $658K in liabilities against $1.2M in assets (debt-to-asset ratio: 56.2%), resulting in net assets of $514K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $826K | $1.2M | $658K | — | View 990 |
| 2022 | $625K | $583K | $399K | $166K | — | View 990 |
| 2021 | $543K | $541K | $328K | $136K | — | — |
| 2020 | $513K | $548K | $305K | $115K | — | — |
| 2019 | $505K | $511K | $347K | $122K | — | View 990 |
| 2018 | $398K | $380K | $251K | $21K | — | View 990 |
| 2017 | $428K | $425K | $244K | $32K | — | View 990 |
| 2016 | $427K | $430K | $223K | $13K | — | View 990 |
| 2015 | $406K | $421K | $228K | $15K | — | View 990 |
| 2014 | $370K | $354K | $246K | $18K | — | View 990 |
| 2013 | $318K | $317K | $228K | $16K | — | View 990 |
| 2012 | $309K | $294K | $219K | $8K | — | View 990 |
| 2011 | $259K | $291K | $217K | $21K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $826K, and assets of $1.2M (revenue +77.1% year-over-year).
- 2022: Revenue of $625K, expenses of $583K, and assets of $399K (revenue +15.0% year-over-year).
- 2021: Revenue of $543K, expenses of $541K, and assets of $328K (revenue +5.9% year-over-year).
- 2020: Revenue of $513K, expenses of $548K, and assets of $305K (revenue +1.6% year-over-year).
- 2019: Revenue of $505K, expenses of $511K, and assets of $347K (revenue +26.7% year-over-year).
- 2018: Revenue of $398K, expenses of $380K, and assets of $251K (revenue -7.0% year-over-year).
- 2017: Revenue of $428K, expenses of $425K, and assets of $244K (revenue +0.3% year-over-year).
- 2016: Revenue of $427K, expenses of $430K, and assets of $223K (revenue +5.3% year-over-year).
- 2015: Revenue of $406K, expenses of $421K, and assets of $228K (revenue +9.6% year-over-year).
- 2014: Revenue of $370K, expenses of $354K, and assets of $246K (revenue +16.4% year-over-year).
- 2013: Revenue of $318K, expenses of $317K, and assets of $228K (revenue +2.8% year-over-year).
- 2012: Revenue of $309K, expenses of $294K, and assets of $219K (revenue +19.4% year-over-year).
- 2011: Revenue of $259K, expenses of $291K, and assets of $217K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Washington County Economic Development Corp:
Data Sources and Methodology
This transparency report for Washington County 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.