Greater Eastern Oregon Development Corporation
Nonprofit profile at a glance
- EIN
- 930814445
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- Pendleton, OR, USA
- Phone
- 5412766745
- Rating
- 76
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Economic Development
Reported finances
- Revenue
- $668,048
- Expenses
- $784,510
- Assets
- $8,757,297
- Liabilities
- $2,235,119
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- BILL HART (PRESIDENT)
People named in this filing
- JIM HAMSHER (DIRECTOR)
- BILL HART (PRESIDENT)
- DAN JOYCE (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. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The greater eastern Oregon development corporation is a regional economic development corporation charged with supporting job creation by helping to create, retain, and expand businesses in the region. This is accomplished, in part, by assisting local government to develop human and physical infrastructure to support community, economic, and business development.
What it reported doing in 2024
Geodc creates, retains, and expands business in the region through the provision and administration of loans and grants, among various other activities. These programs assist local government in developing sustainable human and physical infrastructure which supports community, economic, and business development.
Operating model
- Revenue model
- Earned-program. 80% 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 a large share of available resources goes toward mission work. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 60
- Transparency & Controls: 90
- Accountability: 88
- Sustainability: 45
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 69.1%; rating input score 69
- Program expense ratio: 64.1%; rating input score 64
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 5 of 7 controls in place; rating input score 71
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -17.4%; rating input score 11; 11th percentile among comparable filings
- Total-asset coverage ratio: 11.16; rating input score 93; 93rd percentile among comparable filings
- Liabilities to assets ratio: 0.26; rating input score 27; 27th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings
Growth
- Program expense growth: 6.1% per year; rating input score 100; 48th percentile among comparable filings
- Revenue growth: 7.1% per year; rating input score 100; 55th percentile among comparable filings
- Asset growth: 1.1% per year; rating input score 100; 22nd percentile among comparable filings
Details
- Where the money goes: 69.1% of revenue deployed · 64.1% of spending went to programs
- Governance: 7 of 7 board members independent · 5 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $503K in reported program spending
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 26 of 26 current checks pass
- Schedules: 3 filed schedules
- Filing history: 14 filing years from 2011 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- Review — Accountability: Governance controls: 2 of 7 not reported.
- High — Sustainability: Operating margin scored 11/100.
- High — Sustainability: Liabilities to assets ratio scored 27/100.
- High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.