Western Heritage Event Center Inc

Western Heritage Event Center Inc shows strong asset growth and low liabilities, with no reported officer compensation.

EIN: 201363398 · Pagosa Spgs, CO · NTEE: N31 · Updated: 2026-03-28

$605KRevenue

$2.3MAssets

85/100Mission Score (Excellent)

N31

About Western Heritage Event Center Inc

Western Heritage Event Center Inc (EIN: 201363398) is a nonprofit organization based in Pagosa Spgs, CO, classified under NTEE code N31. The organization reported total revenue of $605K and total assets of $2.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Western Heritage Event Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Western Heritage Event Center Inc demonstrates a strong financial position with consistent asset growth over the past decade, reaching $1,842,569 in 2023. The organization has shown significant revenue fluctuations, with a peak of $1,563,060 in 2022, followed by $1,162,128 in 2023. Their expenses have generally been well below revenue, particularly in 2023 where expenses were $365,717 against $1,162,128 in revenue, indicating efficient management of resources relative to income. The organization consistently reports zero officer compensation, which enhances its transparency and suggests a volunteer-driven leadership or that compensation is reported differently under other categories not specified in the provided data. The absence of liabilities in most recent filings further strengthens its financial health.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Western Heritage Event Center Inc 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: 5%
programs: 90%
fundraising: 5%

According to IRS 990 filings, Western Heritage Event Center Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either entirely volunteer-based or compensated through non-officer roles, which is a positive sign for donor confidence.

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 Western Heritage Event Center Inc's IRS 990 filings:

Significant year-over-year revenue fluctuations, which could indicate reliance on unpredictable funding sources.

Strengths

The following positive indicators were identified for Western Heritage Event Center Inc:

Consistent asset growth, from $341,551 in 2014 to $1,842,569 in 2023.
Zero reported officer compensation across all filings, indicating strong volunteer leadership or efficient use of funds.
Low liabilities in most recent filings, demonstrating strong financial management.
Expenses generally well below revenue, particularly in 2023 ($365,717 expenses vs. $1,162,128 revenue), suggesting efficient operations.

Frequently Asked Questions about Western Heritage Event Center Inc

Is Western Heritage Event Center Inc financially stable?

Yes, the organization appears financially stable, with consistent asset growth from $341,551 in 2014 to $1,842,569 in 2023, and generally low expenses relative to revenue, alongside minimal to no reported liabilities.

How has Western Heritage Event Center Inc's revenue trended?

Revenue has shown significant growth and fluctuation, from $54,198 in 2014 to a peak of $1,563,060 in 2022, before settling at $1,162,128 in 2023, indicating a dynamic funding environment.

What is the organization's approach to executive compensation?

The organization consistently reports 0% officer compensation, suggesting a commitment to minimizing administrative overhead at the executive level.

Filing History

IRS 990 filing history for Western Heritage Event Center Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Western Heritage Event Center Inc's revenue has grown by 1644.7%, moving from $67K to $1.2M. Total assets increased by 594.9% over the same period, from $265K to $1.8M. Total functional expenses rose by 377%, from $77K to $366K. In its most recent filing year (2023), Western Heritage Event Center Inc reported a surplus of $796K, with revenue exceeding expenses.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$1.2M	$366K	$1.8M	$0	—	—
2022	$1.6M	$1.4M	$1.0M	$0	—	—
2021	$489K	$45K	$855K	$0	—	View 990
2020	$116K	$20K	$412K	$0	—	View 990
2019	$109K	$55K	$673K	$107K	—	View 990
2018	$79K	$40K	$512K	$0	—	View 990
2017	$54K	$41K	$473K	$0	—	—
2016	$131K	$43K	$460K	$0	—	View 990
2015	$75K	$45K	$372K	$0	—	View 990
2014	$54K	$52K	$342K	$0	—	View 990
2013	$65K	$49K	$339K	$0	—	View 990
2012	$167K	$109K	$324K	$0	—	View 990
2011	$67K	$77K	$265K	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $1.2M, expenses of $366K, and assets of $1.8M (revenue -25.7% year-over-year).
2022: Revenue of $1.6M, expenses of $1.4M, and assets of $1.0M (revenue +219.9% year-over-year).
2021: Revenue of $489K, expenses of $45K, and assets of $855K (revenue +321.7% year-over-year).
2020: Revenue of $116K, expenses of $20K, and assets of $412K (revenue +6.3% year-over-year).
2019: Revenue of $109K, expenses of $55K, and assets of $673K (revenue +38.2% year-over-year).
2018: Revenue of $79K, expenses of $40K, and assets of $512K (revenue +45.0% year-over-year).
2017: Revenue of $54K, expenses of $41K, and assets of $473K (revenue -58.4% year-over-year).
2016: Revenue of $131K, expenses of $43K, and assets of $460K (revenue +75.1% year-over-year).
2015: Revenue of $75K, expenses of $45K, and assets of $372K (revenue +37.7% year-over-year).
2014: Revenue of $54K, expenses of $52K, and assets of $342K (revenue -16.1% year-over-year).
2013: Revenue of $65K, expenses of $49K, and assets of $339K (revenue -61.4% year-over-year).
2012: Revenue of $167K, expenses of $109K, and assets of $324K (revenue +151.0% year-over-year).
2011: Revenue of $67K, expenses of $77K, and assets of $265K.

Data Sources and Methodology

This transparency report for Western Heritage Event Center 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.