Western Heritage Event Center Inc

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Western Heritage Event Center Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals

Western Heritage Event Center Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Western Heritage Event Center Inc in one place.

Is Western Heritage Event Center Inc Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

Across stored filings, Western Heritage Event Center Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Western Heritage Event Center Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

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.

Organization Overview

Western Heritage Event Center Inc is a small nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 26.9%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2023, Western Heritage Event Center Inc reported a surplus of $796K with revenue exceeding expenses, holds 60.5 months of operating reserves (strong position).

Financial Trends

Over 13 years of filings (2011–2023), Western Heritage Event Center Inc's revenue has grown at a compound annual growth rate (CAGR) of 26.9%.

IRS Tax-Exempt Classification

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 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.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

• The organization reported a surplus of $796K, with revenue exceeding expenses.

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

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-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.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Western Heritage Event Center Inc:

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.