Tioga Area Economic Development Corporation

Nonprofit profile at a glance

EIN
450424487
IRS 990-EZ coverage
2014–2024
Forms available
Form 990 2016, Form 990-EZ 2024, Form 990-N 2016
Location
Tioga, ND, USA
Phone
7016648330
Rating
93
Verdict
STRONG
Rating confidence
Moderate

Reported finances

Revenue
$49,448
Expenses
$62,596
Assets
$133,492
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • WENDY LENZEN (PRESIDENT)
  • CHRIS NORGAARD (VICE PRESIDENT)

People named in this filing

  • WENDY LENZEN (PRESIDENT)
  • CHRIS NORGAARD (VICE PRESIDENT)
  • TARYN BERSTROM (SECRETARY)

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

Promoting and expanding the economy of tioga by working with the private sector to generate jobs and strengthen the economy by attracting business expansion and helping the established businesses that call tioga home.

What it reported doing in 2024

This year the tioga area economic development corporation continued improving the lots on main street and held the tech & drone camp for kids.

Operating model

Revenue model
Donor-supported. 89% of the money available for current operations came from contributions and gifts.
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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 98
  • Transparency & Controls: 100
  • Sustainability: 44
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 93.8%; rating input score 94

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -26.6%; rating input score 20; 20th percentile among comparable filings
  • Total-asset coverage ratio: 2.13; rating input score 67; 67th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 1.8% per year; rating input score 100; 54th percentile among comparable filings
  • Revenue growth: -2.6% per year; rating input score 0; 41st percentile among comparable filings
  • Asset growth: -13.3% per year; rating input score 0; 14th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 93.8% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 3 filed program accomplishments · $59K in reported program spending
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 8 filing years from 2014 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Related organizations: Filed and resolved organization relationships.
  • 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 — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 20/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.