Parkersburg Economic Development

Nonprofit profile at a glance

EIN
421131866
IRS 990-EZ coverage
2022–2025
Forms available
Form 990 2020, Form 990-EZ 2025, Form 990-T 2025
Location
Parkersburg, IA, USA
Phone
3193461023
Rating
50
Verdict
MIXED
Rating confidence
Moderate

Reported finances

Revenue
$17,626
Expenses
$13,495
Assets
$413,248
Liabilities
$301,281

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

13 people listed

Executive titles in this filing

  • KYLE RICE (President)
  • LEON THORNE (Vice President)

People named in this filing

  • KYLE RICE (President)
  • TIM CUVELIER (Director)
  • TOM MANIFOLD (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 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Stimulate local community economic growth.

What it reported doing in 2025

Parkersburg economic development is instrumental in attracting new business activity in the community.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
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

MIXED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 27
  • Transparency & Controls: 82
  • Sustainability: 71
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 24.3%; rating input score 24
  • Program expense ratio: 31.8%; rating input score 32

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 23.4%; rating input score 75; 75th percentile among comparable filings
  • Total-asset coverage ratio: 30.62; rating input score 97; 97th percentile among comparable filings
  • Liabilities to assets ratio: 0.73; rating input score 6; 6th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -63.4% per year; rating input score 0; 7th percentile among comparable filings
  • Revenue growth: -10.3% per year; rating input score 0; 24th percentile among comparable filings
  • Asset growth: -4.2% per year; rating input score 0; 26th percentile among comparable filings

Details

  • Where the money goes: 24.3% of revenue deployed · 31.8% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $4K in reported program spending
  • Leadership: top reported pay $0 · 13 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 4 filing years from 2022 to 2025
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.

  • High — Financial Efficiency: Mission deployment rate scored 24/100.
  • Moderate — Financial Efficiency: Program expense ratio scored 32/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 6/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.