West Central Development Corporation
West Central Development Corporation consistently generates significant surpluses and reports no officer compensation.
EIN: 205542830 · Perrysburg, OH · NTEE: S12 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.7M |
| Total Expenses | $652K |
| Program Spending | 90% |
| Net Assets | $4.6M |
| Transparency Score | 92/100 |
Is West Central Development Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
West Central Development Corporation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About West Central Development Corporation
West Central Development Corporation (EIN: 205542830) is a nonprofit organization based in Perrysburg, OH, classified under NTEE code S12. The organization reported total revenue of $1.7M and total assets of $7.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of West Central Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
West Central Development Corporation 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 19.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.0M |
| Total Expenses | $652K |
| Surplus / Deficit | +$1.4M |
| Total Assets | $5.8M |
| Total Liabilities | $1.2M |
| Net Assets | $4.6M |
| Operating Margin | 67.6% |
| Debt-to-Asset Ratio | 19.9% |
| Months of Reserves | 106.7 months |
Financial Health Grade: A
In 2023, West Central Development Corporation reported a surplus of $1.4M with revenue exceeding expenses, holds 106.7 months of operating reserves (strong position), has a debt-to-asset ratio of 19.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), West Central Development Corporation's revenue has grown at a compound annual growth rate (CAGR) of 19.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -16.1% | -4.3% | +27.1% |
| 2022 | +102.8% | +32.6% | -5.0% |
| 2021 | +81.8% | -2.4% | +71.9% |
| 2020 | -10.9% | -21.6% | -1.5% |
| 2019 | +23.2% | +14.1% | +66.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| 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 West Central Development Corporation with a Mission Score of 92 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: 90%
- fundraising: 0%
According to IRS 990 filings, West Central Development Corporation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 $1.4M, with revenue exceeding expenses.
- Debt-to-asset ratio: 19.9%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through other means not reported as officer compensation, which is a strong positive for donor confidence and resource allocation to mission.
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 West Central Development Corporation's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) makes precise efficiency analysis difficult.
- Significant and consistent surpluses suggest potential for greater program investment or a capital accumulation strategy that isn't fully transparent.
Strengths
The following positive indicators were identified for West Central Development Corporation:
- Consistently reports 0% officer compensation, indicating strong commitment to mission over executive pay.
- Strong financial health with consistently growing assets, from $188,093 in 2014 to $5,801,510 in 2023.
- Significant revenue growth over the past decade, demonstrating increasing capacity.
- Low expense ratio relative to revenue, indicating efficient operations or substantial capital accumulation.
Frequently Asked Questions about West Central Development Corporation
Is West Central Development Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, West Central Development Corporation (EIN: 205542830) some concerns. Mission Score: 92/100. 2 red flags identified, 4 strengths noted.
How does West Central Development Corporation spend its money?
West Central Development Corporation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to West Central Development Corporation tax-deductible?
West Central Development Corporation is registered as a tax-exempt nonprofit (EIN: 205542830). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does West Central Development Corporation compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), West Central Development Corporation is above average for NTEE category S12 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is West Central Development Corporation located?
West Central Development Corporation is headquartered in Perrysburg, Ohio and files with the IRS under EIN 205542830. It is classified under NTEE code S12.
How many years of IRS 990 filings does West Central Development Corporation have?
West Central Development Corporation 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 $1.7M in total revenue.
How does West Central Development Corporation manage to operate with 0% officer compensation?
The filings consistently show 0% officer compensation, suggesting a volunteer-led executive team or compensation structured in a way not categorized as officer pay on the 990. This is highly unusual for an organization of its size and asset base.
What are the primary sources of West Central Development Corporation's substantial revenue growth?
While the filings show significant revenue growth from $400,204 in 2014 to $2,012,501 in 2023, the specific sources (e.g., grants, contributions, program service revenue) are not detailed in the provided summary. Further investigation into the full 990 forms would be needed.
What specific programs does West Central Development Corporation operate given its NTEE code S12 (Community Development)?
The provided data does not detail specific programs. The NTEE code S12 indicates a focus on Community Development, but without program expense breakdowns, the exact nature of their activities remains unclear.
Filing History
IRS 990 filing history for West Central Development Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), West Central Development Corporation's revenue has grown by 777.9%, moving from $229K to $2.0M. Total assets increased by 11365.4% over the same period, from $51K to $5.8M. Total functional expenses rose by 176%, from $236K to $652K. In its most recent filing year (2023), West Central Development Corporation reported a surplus of $1.4M, with revenue exceeding expenses. The organization holds $1.2M in liabilities against $5.8M in assets (debt-to-asset ratio: 19.9%), resulting in net assets of $4.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.0M | $652K | $5.8M | $1.2M | — | — |
| 2022 | $2.4M | $681K | $4.6M | $1.3M | — | View 990 |
| 2021 | $1.2M | $514K | $4.8M | $3.2M | — | View 990 |
| 2020 | $651K | $526K | $2.8M | $1.9M | — | View 990 |
| 2019 | $731K | $672K | $2.8M | $2.1M | — | View 990 |
| 2018 | $593K | $589K | $1.7M | $992K | — | View 990 |
| 2017 | $774K | $546K | $1.8M | $1.0M | — | View 990 |
| 2016 | $895K | $693K | $1.3M | $817K | — | View 990 |
| 2015 | $665K | $500K | $780K | $475K | — | View 990 |
| 2014 | $400K | $457K | $188K | $57K | — | View 990 |
| 2013 | $511K | $484K | $183K | $26K | — | View 990 |
| 2012 | $703K | $556K | $207K | $43K | — | View 990 |
| 2011 | $229K | $236K | $51K | $33K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.0M, expenses of $652K, and assets of $5.8M (revenue -16.1% year-over-year).
- 2022: Revenue of $2.4M, expenses of $681K, and assets of $4.6M (revenue +102.8% year-over-year).
- 2021: Revenue of $1.2M, expenses of $514K, and assets of $4.8M (revenue +81.8% year-over-year).
- 2020: Revenue of $651K, expenses of $526K, and assets of $2.8M (revenue -10.9% year-over-year).
- 2019: Revenue of $731K, expenses of $672K, and assets of $2.8M (revenue +23.2% year-over-year).
- 2018: Revenue of $593K, expenses of $589K, and assets of $1.7M (revenue -23.4% year-over-year).
- 2017: Revenue of $774K, expenses of $546K, and assets of $1.8M (revenue -13.6% year-over-year).
- 2016: Revenue of $895K, expenses of $693K, and assets of $1.3M (revenue +34.7% year-over-year).
- 2015: Revenue of $665K, expenses of $500K, and assets of $780K (revenue +66.1% year-over-year).
- 2014: Revenue of $400K, expenses of $457K, and assets of $188K (revenue -21.7% year-over-year).
- 2013: Revenue of $511K, expenses of $484K, and assets of $183K (revenue -27.3% year-over-year).
- 2012: Revenue of $703K, expenses of $556K, and assets of $207K (revenue +206.5% year-over-year).
- 2011: Revenue of $229K, expenses of $236K, and assets of $51K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for West Central Development Corporation:
Data Sources and Methodology
This transparency report for West Central 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.