Atchison Riverfront Development Foundation Inc
Atchison Riverfront Development Foundation reports negative revenue for two consecutive years, assets declining.
EIN: 201767685 · Atchison, KS · NTEE: A80 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $328K |
| Total Expenses | $43K |
| Program Spending | 80% |
| Net Assets | $806K |
| Transparency Score | 45/100 |
Is Atchison Riverfront Development Foundation Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Atchison Riverfront Development Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Atchison Riverfront Development Foundation Inc
Atchison Riverfront Development Foundation Inc (EIN: 201767685) is a nonprofit organization based in Atchison, KS, classified under NTEE code A80. The organization reported total revenue of $328K and total assets of $900K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Atchison Riverfront Development Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Atchison Riverfront Development Foundation Inc is a small nonprofit that has been operating for 21 years, with 9 years of IRS 990 filings on record (2011–2023).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -104.4% | +2.6% | -21.4% |
| 2021 | +106.6% | +4.1% | +6.5% |
| 2020 | -4.6% | +727.9% | +3.9% |
| 2015 | -14.6% | -0.7% | -4.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Atchison Riverfront Development Foundation Inc with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Atchison Riverfront Development Foundation Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization is likely volunteer-led or has no paid officers, which is a positive for resource allocation given its size and financial challenges.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Atchison Riverfront Development Foundation Inc's IRS 990 filings:
- Negative revenue reported in 2023 ($-87,663) and 2022 ($-5,428), indicating financial losses.
- Significant decline in assets from $969,834 in 2021 to $805,880 in 2023.
- Unusual consistent $1 liability reported in recent filings.
- Lack of detailed expense breakdown to assess program efficiency.
Strengths
The following positive indicators were identified for Atchison Riverfront Development Foundation Inc:
- Consistent reporting of 0% officer compensation, indicating a volunteer-led or very lean executive structure.
- Long filing history (9 filings), suggesting a commitment to transparency over time.
- Relatively low overall expenses compared to asset base in earlier years.
Frequently Asked Questions about Atchison Riverfront Development Foundation Inc
Is Atchison Riverfront Development Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Atchison Riverfront Development Foundation Inc (EIN: 201767685) significant concerns. Mission Score: 45/100. 4 red flags identified, 3 strengths noted.
How does Atchison Riverfront Development Foundation Inc spend its money?
Atchison Riverfront Development Foundation Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Atchison Riverfront Development Foundation Inc tax-deductible?
Atchison Riverfront Development Foundation Inc is registered as a tax-exempt nonprofit (EIN: 201767685). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Atchison Riverfront Development Foundation Inc's spending goes to programs?
Atchison Riverfront Development Foundation Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Atchison Riverfront Development Foundation Inc compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Atchison Riverfront Development Foundation Inc is near average for NTEE category A80 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Atchison Riverfront Development Foundation Inc located?
Atchison Riverfront Development Foundation Inc is headquartered in Atchison, Kansas and files with the IRS under EIN 201767685. It is classified under NTEE code A80.
How many years of IRS 990 filings does Atchison Riverfront Development Foundation Inc have?
Atchison Riverfront Development Foundation Inc has 9 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $328K in total revenue.
Why has the organization reported negative revenue in 2023 ($-87,663) and 2022 ($-5,428)?
Negative revenue indicates that the organization's expenses exceeded its income, or that it experienced significant financial losses or reversals. This is a critical concern for financial sustainability.
What is the nature of the consistent $1 liability reported in recent years?
A consistent $1 liability is unusual and could be an accounting anomaly or a placeholder for a specific, minor obligation. It warrants further review of the detailed financial statements to understand its nature.
How does the organization plan to address the decline in assets from $969,834 in 2021 to $805,880 in 2023?
The decline in assets, especially when coupled with negative revenue, suggests that the organization is drawing down its reserves. A strategy for asset preservation and growth is crucial for long-term stability.
What are the specific program activities and their associated costs, given the NTEE code A80 (Community Improvement & Capacity Building)?
Without a detailed breakdown of expenses, it's difficult to assess the impact and efficiency of the organization's program spending. Understanding the specific activities funded is key to evaluating its mission effectiveness.
Filing History
IRS 990 filing history for Atchison Riverfront Development Foundation Inc showing financial trends over 9 years of public records:
Total assets increased by 61.5% over the same period, from $499K to $806K. Total functional expenses rose by 1112.6%, from $4K to $43K. The organization holds $1 in liabilities against $806K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $806K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $-87,663 | $43K | $806K | $1 | — | — |
| 2022 | $-5,428 | $52K | $762K | $1 | — | View 990 |
| 2021 | $124K | $51K | $970K | $1 | — | View 990 |
| 2020 | $60K | $49K | $911K | $1 | — | — |
| 2015 | $63K | $6K | $877K | $1 | — | View 990 |
| 2014 | $74K | $6K | $916K | $0 | — | View 990 |
| 2013 | $107K | $5K | $848K | $0 | — | View 990 |
| 2012 | $262K | $15K | $746K | $0 | — | View 990 |
| 2011 | $-12,994 | $4K | $499K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $-87,663, expenses of $43K, and assets of $806K.
- 2022: Revenue of $-5,428, expenses of $52K, and assets of $762K (revenue -104.4% year-over-year).
- 2021: Revenue of $124K, expenses of $51K, and assets of $970K (revenue +106.6% year-over-year).
- 2020: Revenue of $60K, expenses of $49K, and assets of $911K (revenue -4.6% year-over-year).
- 2015: Revenue of $63K, expenses of $6K, and assets of $877K (revenue -14.6% year-over-year).
- 2014: Revenue of $74K, expenses of $6K, and assets of $916K (revenue -31.4% year-over-year).
- 2013: Revenue of $107K, expenses of $5K, and assets of $848K (revenue -59.1% year-over-year).
- 2012: Revenue of $262K, expenses of $15K, and assets of $746K.
- 2011: Revenue of $-12,994, expenses of $4K, and assets of $499K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Atchison Riverfront Development Foundation Inc:
Data Sources and Methodology
This transparency report for Atchison Riverfront Development Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.