Clarksville Economic Development Association Inc
Nonprofit profile at a glance
- EIN
- 113767799
- IRS 990-EZ coverage
- 2022–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2017
- Location
- Clarksville, VA, USA
- Rating
- 62
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Human Service Organizations
Reported finances
- Revenue
- $95,276
- Expenses
- $67,984
- Assets
- $384,724
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- Dale Hite (President)
- Ann Poole-Redd (Vice President)
People named in this filing
- Dale Hite (President)
- Carol Brown (Secretary)
- Mary Willis (Treasurer)
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 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To encourage and promote economic development in Clarksville, Virginia and the surrounding area.
What it reported doing in 2024
To encourage and promote economic development in Clarksville, Virginia and the surrounding areas
Operating model
- Revenue model
- Earned-program. 99% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 50
- Transparency & Controls: 82
- Sustainability: 70
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 43.4%; rating input score 43
- Program expense ratio: 61%; rating input score 61
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 28.6%; rating input score 80; 80th percentile among comparable filings
- Total-asset coverage ratio: 5.66; rating input score 86; 86th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -17.7% per year; rating input score 0; 19th percentile among comparable filings
- Revenue growth: -7% per year; rating input score 0; 30th percentile among comparable filings
- Asset growth: 10.2% per year; rating input score 100; 73rd percentile among comparable filings
Details
- Where the money goes: 43.4% of revenue deployed · 61% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $41K in reported program spending
- Leadership: top reported pay $0 · 10 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 1 filed schedules
- Filing history: 3 filing years from 2022 to 2024
- 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.
- Moderate — Financial Efficiency: Mission deployment rate scored 43/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.