Washington County Economic Opportunity Council Inc
Washington County Economic Opportunity Council Inc maintains stable finances with no reported officer compensation.
EIN: 141494402 · Fort Edward, NY · NTEE: P200 · Updated: 2026-03-28
About Washington County Economic Opportunity Council Inc
Washington County Economic Opportunity Council Inc (EIN: 141494402) is a nonprofit organization based in Fort Edward, NY, classified under NTEE code P200. The organization reported total revenue of $7.1M and total assets of $2.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Washington County Economic Opportunity Council Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Washington County Economic Opportunity Council Inc with a Mission Score of 90 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 Opportunity Council Inc 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.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filing periods, indicating that no officers received compensation from the organization. This is highly unusual for an organization of its size, with annual revenues consistently over $5 million, and suggests either a volunteer leadership model or that compensation is reported under other expense categories, though the former is more likely given the consistent reporting.
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 Opportunity Council Inc's IRS 990 filings:
- Lack of detailed program, administrative, and fundraising expense breakdown in provided data (though not a red flag for the organization itself, but for this analysis)
- Consistent reporting of 0% officer compensation for an organization of this size could warrant further investigation to understand the full compensation structure, if any, for key management personnel.
Strengths
The following positive indicators were identified for Washington County Economic Opportunity Council Inc:
- Consistent financial stability with revenues generally covering expenses.
- Stable asset base, indicating good stewardship of resources.
- No reported officer compensation, suggesting high efficiency and dedication to mission.
- Positive net assets (Assets > Liabilities) in most recent filings, indicating financial solvency.
- Consistent filing history, demonstrating transparency and compliance.
Frequently Asked Questions about Washington County Economic Opportunity Council Inc
Is Washington County Economic Opportunity Council Inc a good charity?
Based on the provided financial data, WCEOC appears to be a well-managed organization with stable finances and a strong commitment to directing funds towards its mission, evidenced by 0% reported officer compensation. Its consistent revenue and expense management, along with stable assets, suggest financial health.
How has WCEOC's financial health changed over the last few years?
WCEOC has shown consistent financial health over the past few years. Revenues have generally increased, from $5,595,244 in 201903 to $6,516,009 in 202303, with expenses tracking closely. Assets have remained stable, indicating prudent financial management.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation across all available filings, suggesting a model where executive leadership is either entirely volunteer-based or compensated through other means not categorized as 'officer compensation' on the 990. This is a significant indicator of efficiency and dedication to mission.
Filing History
IRS 990 filing history for Washington County Economic Opportunity Council Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Washington County Economic Opportunity Council Inc's revenue has grown by 6.1%, moving from $6.1M to $6.5M. Total assets decreased by 16.5% over the same period, from $3.0M to $2.5M. Total functional expenses rose by 4%, from $6.2M to $6.5M. In its most recent filing year (2023), Washington County Economic Opportunity Council Inc reported a surplus of $50K, with revenue exceeding expenses. The organization holds $1.0M in liabilities against $2.5M in assets (debt-to-asset ratio: 41.8%), resulting in net assets of $1.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $6.5M | $6.5M | $2.5M | $1.0M | — | View 990 |
| 2022 | $6.3M | $6.2M | $2.2M | $1.3M | — | View 990 |
| 2021 | $5.9M | $5.8M | $2.1M | $2.0M | — | — |
| 2020 | $5.8M | $5.9M | $1.9M | $2.5M | — | View 990 |
| 2019 | $5.6M | $5.6M | $2.1M | $1.5M | — | View 990 |
| 2018 | $5.4M | $5.6M | $2.1M | $1.4M | — | — |
| 2017 | $5.9M | $6.1M | $2.4M | $1.7M | — | View 990 |
| 2016 | $6.0M | $6.2M | $2.4M | $1.7M | — | View 990 |
| 2015 | $6.3M | $6.4M | $2.6M | $1.5M | — | View 990 |
| 2014 | $5.3M | $5.5M | $2.4M | $1.8M | — | View 990 |
| 2013 | $5.5M | $5.7M | $2.5M | $221K | — | View 990 |
| 2012 | $6.1M | $6.2M | $3.0M | $489K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.5M, expenses of $6.5M, and assets of $2.5M (revenue +3.1% year-over-year).
- 2022: Revenue of $6.3M, expenses of $6.2M, and assets of $2.2M (revenue +6.5% year-over-year).
- 2021: Revenue of $5.9M, expenses of $5.8M, and assets of $2.1M (revenue +1.6% year-over-year).
- 2020: Revenue of $5.8M, expenses of $5.9M, and assets of $1.9M (revenue +4.4% year-over-year).
- 2019: Revenue of $5.6M, expenses of $5.6M, and assets of $2.1M (revenue +3.7% year-over-year).
- 2018: Revenue of $5.4M, expenses of $5.6M, and assets of $2.1M (revenue -8.3% year-over-year).
- 2017: Revenue of $5.9M, expenses of $6.1M, and assets of $2.4M (revenue -2.5% year-over-year).
- 2016: Revenue of $6.0M, expenses of $6.2M, and assets of $2.4M (revenue -4.7% year-over-year).
- 2015: Revenue of $6.3M, expenses of $6.4M, and assets of $2.6M (revenue +19.6% year-over-year).
- 2014: Revenue of $5.3M, expenses of $5.5M, and assets of $2.4M (revenue -3.8% year-over-year).
- 2013: Revenue of $5.5M, expenses of $5.7M, and assets of $2.5M (revenue -10.4% year-over-year).
- 2012: Revenue of $6.1M, expenses of $6.2M, and assets of $3.0M.
Data Sources and Methodology
This transparency report for Washington County Economic Opportunity Council 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.