Adams County Development Corporation
Nonprofit profile at a glance
- EIN
- 450404932
- IRS 990-EZ coverage
- 2012–2018
- Forms available
- Form 990-EZ 2018, Form 990-N 2009
- Location
- Hettinger, ND, USA
- Rating
- 42
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Community, Neighborhood Development
Reported finances
- Revenue
- $135,438
- Expenses
- $71,465
- Assets
- $229,540
- Liabilities
- $7,429
Source: IRS Form 990-EZ. Selected filing: tax year 2018. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- TREVOR WOLFF (PRESIDENT)
People named in this filing
- MATT SHAHAN (DIRECTOR)
- JASMIN FOSHEIM (EXECUTIVE DI)
- KATHY VLIEM (DIRECTOR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2018. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Providing assistance to new and existing businesses in adams county. Coordinating efforts of other groups and individuals for the economic benefit of the county and developing and coordinating education efforts.
What it reported doing in 2018
Providing assistance to new and existing businesses in adams county.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Transfer-based 990-EZ. The 990-EZ reports grants or member benefits, but it does not separate enough spending to show the nonprofit’s full delivery mix.
The verdict
MIXED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and liabilities are high compared with assets.
Rating breakdown
- Financial Efficiency: 5
- Transparency & Controls: 82
- Sustainability: 84
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 7.5%; rating input score 8
- Program expense ratio: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 47.2%; rating input score 94; 94th percentile among comparable filings
- Total-asset coverage ratio: 3.21; rating input score 92; 92nd percentile among comparable filings
- Liabilities to assets ratio: 0.03; rating input score 44; 44th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 64; 64th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 11.9% per year; rating input score 100; 75th percentile among comparable filings
- Asset growth: 10.5% per year; rating input score 100; 62nd percentile among comparable filings
Details
- Where the money goes: 7.5% of revenue deployed
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments
- Leadership: top reported pay $0 · 11 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 1 filed schedules
- Filing history: 7 filing years from 2012 to 2018
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Financial Efficiency: Mission deployment rate scored 8/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 44/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.