Civic Intelligence

West Central Economic Development Alliance

EIN 27-5168472 • 501(c)6 • Wadena, MN

Profile

Our mission is about working together to create an economically vibrant region. We're partnered with the region's small business development centers workforce center county and city economic development authorities technical and community colleges the University of MN Extension and many other non-profit organizations working to improve economic conditions and quality of life in our region.

415 Jefferson St NWadena, MN 56482-1264

http: www.thealliancemn.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

72nd percentile

0.07x

Higher debt load relative to assets than 72% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

75th percentile

0.08x

Higher debt load relative to revenue than 75% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2024

Net Margin

70th percentile

11%

Higher net margin than 70% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2024

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)6 • <$500k nonprofits • Source year 2024

Asset Growth

77th percentile

17%

Faster asset growth than 77% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

58th percentile

4.1%

Faster revenue growth than 58% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets72nd percentile

Assets

Up

$126,052

Up $17,964 (+17%) from 2023

Liabilities

Up

$9,056

Up $4,618 (+104%) from 2023

Net Assets

Up

$116,996

Up $13,346 (+13%) from 2023

Operations
Liabilities / Revenue75th percentileNet Margin70th percentile

Revenue

Up

$118,263

Up $4,712 (+4.1%) from 2023

Expenses

Up

$104,917

Up $24,009 (+30%) from 2023

Net Income

Down

$13,346

Down $19,297 (-59%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth77th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150K$100K$50K$0Assets 2021: $63,870Net Assets 2021: $63,8702021Assets 2022: $79,084Liabilities 2022: $8,077Net Assets 2022: $71,0072022Assets 2023: $108,088Liabilities 2023: $4,438Net Assets 2023: $103,6502023Assets 2024: $126,052Liabilities 2024: $9,056Net Assets 2024: $116,9962024

Highlighted filing

2024

Assets$126,052
Liabilities$9,056
Net Assets$116,996
Open 2024 Filing

Operations Trend

Revenue Growth58th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$150K$100K$50K$0Revenue 2021: $105,051Expenses 2021: $93,803Net Income 2021: $11,2482021Revenue 2022: $115,551Expenses 2022: $108,414Net Income 2022: $7,1372022Revenue 2023: $113,551Expenses 2023: $80,908Net Income 2023: $32,6432023Revenue 2024: $118,263Expenses 2024: $104,917Net Income 2024: $13,3462024

Highlighted filing

2024

Revenue$118,263
Expenses$104,917
Net Income$13,346
Open 2024 Filing

Filings

Most recent year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$126,052
Liabilities
$9,056
Net assets
$116,996
Revenue
$118,263
Expenses
$104,917
Net income
$13,346
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.26$0.09$1.17$1.18$1.05$0.13
2023Detailed filing. Detailed filing data is available for this year.$1.08$0.04$1.04$1.14$0.81$0.33
2022Detailed filing. Detailed filing data is available for this year.$0.79$0.08$0.71$1.16$1.08$0.07
2021Detailed filing. Detailed filing data is available for this year.$0.64$0.64$1.05$0.94$0.11
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 23, 2025
Return Version
2024v5.1
Gross Receipts
$118,263
Mission and Program Overview

Mission

Our mission is about working together to create an economically vibrant region. Were partnered with the regions small business development centers workforce center county and city economic development authorities technical and community colleges the University of MN Extension and many other non-profit organizations working to improve economic conditions and quality of life in our region.

Program Services

DescriptionGrantsExpenses
Economic Development - Our mission is about working together to create an economically vibrant region. We are partnered with the regions small business development centers workforce center county and city economic development authorities technical and community colleges University of MN Extension and many other non-profit organizations working to improve conditions and quality of life in our region.$0$89,998
Administrative & General$0$14,919
Compensation and Service Providers
Top Officer Pay77th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kim AagardTreasurer-$0--
Ryan BrowneDirector-$0--
Ray LudovissiePresident-$0--
Bruce KinnunenDirector-$0--
Myrlyn KreklauVice President-$0--
Cheryl HahnDirector-$0--
Amy OlsonSecretary-$0--
Jordan HinkleDirector-$0--
Jon LoeffenDirector-$0--
Allison FredericksonDirector-$0--
Filing and Contact Details

Filer

Filer Name
West Central Economic Development Alliance
EIN
27-5168472
In Care Of
% Kim Aagard
Address
415 JEFFERSON ST N, WADENA, MN 56482-1264

Signing Officer

Name
Kim Aagard Aagard
Title
Treasurer
Signed
2025-04-23
Supplemental Narrative

Additional Explanations

Part I, line 8

“| Other Revenues:, Amount:| Part I Line 8 Other Revenue: In-kind Revenue $6,051 Office Space technology accounting staff, $6051|”

Part I, line 16

“| Other Expenses:, Amount:| In-kind Expenses $6,051 Travel Education 7,970 PR & Development 9,205 Dues & Subscriptions 1,148 Office & Miscellaneous Expenses 301 Insurance Expense 597, $25272|”

Part II, line 26

“| Explanation:, BOYAmount:, EOYAmount:| Accrued PTO & Deferred Contributions, $4438, $9056|”

Raw XML Appendix154 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt9Director
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0| Other Revenues:, Amount:| Part I Line 8 Other Revenue: In-kind Revenue $6,051 Office Space technology accounting staff, $6051|
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1| Other Expenses:, Amount:| In-kind Expenses $6,051 Travel Education 7,970 PR & Development 9,205 Dues & Subscriptions 1,148 Office & Miscellaneous Expenses 301 Insurance Expense 597, $25272|
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2| Explanation:, BOYAmount:, EOYAmount:| Accrued PTO & Deferred Contributions, $4438, $9056|
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Part I, line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Part II, line 26
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Kim Aagard Aagard
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-04-23
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WEST CENTRAL ECONOMIC DEVELOPMENT ALLIANCE
ReturnHeader/Filer/BusinessNameControlTxt0WEST
ReturnHeader/Filer/EIN0275168472
ReturnHeader/Filer/ForeignPhoneNum02186315211
ReturnHeader/Filer/InCareOfNm0% Kim Aagard
ReturnHeader/Filer/USAddress/AddressLine1Txt0415 JEFFERSON ST N
ReturnHeader/Filer/USAddress/CityNm0WADENA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd0564821264
ReturnHeader/ReturnTs02025-04-18T15:17:30-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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