Cincinnatiusa Regional Tourism Network Inc
Cincinnatiusa Regional Tourism Network Inc experiences significant financial rebound in 2023 with substantial revenue growth and zero officer compensation.
EIN: 202892582 · Covington, KY · NTEE: S41 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.5M |
| Total Expenses | $3.4M |
| Program Spending | 80% |
| Net Assets | $2.2M |
| Transparency Score | 85/100 |
Is Cincinnatiusa Regional Tourism Network Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Cincinnatiusa Regional Tourism Network Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Cincinnatiusa Regional Tourism Network Inc
Cincinnatiusa Regional Tourism Network Inc (EIN: 202892582) is a nonprofit organization based in Covington, KY, classified under NTEE code S41. The organization reported total revenue of $1.5M and total assets of $152K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cincinnatiusa Regional Tourism Network Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cincinnatiusa Regional Tourism Network Inc is a mid-size nonprofit that has been operating for 12 years, with 11 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of 5.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.6M |
| Total Expenses | $3.4M |
| Surplus / Deficit | +$2.2M |
| Total Assets | $2.2M |
| Net Assets | $2.2M |
| Operating Margin | 39.5% |
| Months of Reserves | 7.9 months |
Financial Health Grade: A
In 2023, Cincinnatiusa Regional Tourism Network Inc reported a surplus of $2.2M with revenue exceeding expenses, holds 7.9 months of operating reserves (strong position).
Financial Trends
Over 11 years of filings (2013–2023), Cincinnatiusa Regional Tourism Network Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +145.6% | +37.9% | +8926.5% |
| 2022 | +349.0% | +243.8% | -87.7% |
| 2021 | +972.6% | -39.8% | -50.4% |
| 2020 | -98.7% | -71.1% | -75.5% |
| 2019 | +2.7% | -0.4% | -22.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2014 |
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 Cincinnatiusa Regional Tourism Network Inc with a Mission Score of 85 out of 100 (Excellent). 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, Cincinnatiusa Regional Tourism Network 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:
- The organization reported a surplus of $2.2M, with revenue exceeding expenses.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers, which is highly unusual and suggests a volunteer-led executive structure or compensation through other means not reported as officer compensation.
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 Cincinnatiusa Regional Tourism Network Inc's IRS 990 filings:
- Significant revenue volatility in prior years (e.g., $47,191 in 2020 vs. $5.5M in 2023)
- Lack of detailed expense breakdown in provided data to fully assess program efficiency.
Strengths
The following positive indicators were identified for Cincinnatiusa Regional Tourism Network Inc:
- Strong financial rebound in the latest fiscal year (2023) with a substantial surplus ($5.5M revenue vs. $3.3M expenses).
- Consistent reporting of 0% officer compensation across all filings, indicating efficient use of funds for mission.
- Significant increase in assets from $24,724 in 2022 to $2,231,708 in 2023, improving financial reserves.
- Consistent IRS 990 filing history (11 filings) demonstrates transparency and compliance.
Frequently Asked Questions about Cincinnatiusa Regional Tourism Network Inc
Is Cincinnatiusa Regional Tourism Network Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Cincinnatiusa Regional Tourism Network Inc (EIN: 202892582) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Cincinnatiusa Regional Tourism Network Inc spend its money?
Cincinnatiusa Regional Tourism Network Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Cincinnatiusa Regional Tourism Network Inc tax-deductible?
Cincinnatiusa Regional Tourism Network Inc is registered as a tax-exempt nonprofit (EIN: 202892582). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Cincinnatiusa Regional Tourism Network Inc's spending goes to programs?
Cincinnatiusa Regional Tourism Network Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Cincinnatiusa Regional Tourism Network Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Cincinnatiusa Regional Tourism Network Inc is above average for NTEE category S41 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Cincinnatiusa Regional Tourism Network Inc located?
Cincinnatiusa Regional Tourism Network Inc is headquartered in Covington, Kentucky and files with the IRS under EIN 202892582. It is classified under NTEE code S41.
How many years of IRS 990 filings does Cincinnatiusa Regional Tourism Network Inc have?
Cincinnatiusa Regional Tourism Network Inc has 11 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 $1.5M in total revenue.
Is Cincinnatiusa Regional Tourism Network Inc a good charity?
Based on the available data, the organization shows strong financial health in its latest filing (2023) with a significant surplus and zero officer compensation. Its mission focus on tourism promotion, while not directly charitable in the traditional sense, aligns with its NTEE code. The lack of officer compensation is a positive sign for resource allocation.
How has the organization's financial stability changed over time?
The organization has experienced considerable financial volatility, with revenue ranging from $47,191 in 2020 to $5,582,230 in 2023. However, the latest filing shows a strong rebound and a healthy financial position, indicating improved stability after a few challenging years.
What is the significance of 0% officer compensation?
0% officer compensation means that no salaries or other compensation were reported for the organization's officers. This can indicate a volunteer-led organization or that compensation is structured in a way not reported as officer compensation on the 990. It generally suggests that more funds are available for program activities.
Filing History
IRS 990 filing history for Cincinnatiusa Regional Tourism Network Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2013–2023), Cincinnatiusa Regional Tourism Network Inc's revenue has grown by 69%, moving from $3.3M to $5.6M. Total assets increased by 86.3% over the same period, from $1.2M to $2.2M. Total functional expenses rose by 7.9%, from $3.1M to $3.4M. In its most recent filing year (2023), Cincinnatiusa Regional Tourism Network Inc reported a surplus of $2.2M, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.6M | $3.4M | $2.2M | $0 | — | View 990 |
| 2022 | $2.3M | $2.4M | $25K | $0 | — | View 990 |
| 2021 | $506K | $712K | $201K | $1K | — | View 990 |
| 2020 | $47K | $1.2M | $406K | $0 | — | View 990 |
| 2019 | $3.6M | $4.1M | $1.7M | $115K | — | — |
| 2018 | $3.6M | $4.1M | $2.1M | $139K | — | View 990 |
| 2017 | $4.7M | $4.3M | $2.7M | $113K | — | View 990 |
| 2016 | $4.3M | $4.1M | $2.3M | $117K | — | View 990 |
| 2015 | $3.8M | $3.2M | $2.1M | $138K | — | View 990 |
| 2014 | $3.5M | $3.3M | $1.4M | $134K | — | View 990 |
| 2013 | $3.3M | $3.1M | $1.2M | $89K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.6M, expenses of $3.4M, and assets of $2.2M (revenue +145.6% year-over-year).
- 2022: Revenue of $2.3M, expenses of $2.4M, and assets of $25K (revenue +349.0% year-over-year).
- 2021: Revenue of $506K, expenses of $712K, and assets of $201K (revenue +972.6% year-over-year).
- 2020: Revenue of $47K, expenses of $1.2M, and assets of $406K (revenue -98.7% year-over-year).
- 2019: Revenue of $3.6M, expenses of $4.1M, and assets of $1.7M (revenue +2.7% year-over-year).
- 2018: Revenue of $3.6M, expenses of $4.1M, and assets of $2.1M (revenue -23.7% year-over-year).
- 2017: Revenue of $4.7M, expenses of $4.3M, and assets of $2.7M (revenue +7.2% year-over-year).
- 2016: Revenue of $4.3M, expenses of $4.1M, and assets of $2.3M (revenue +13.2% year-over-year).
- 2015: Revenue of $3.8M, expenses of $3.2M, and assets of $2.1M (revenue +8.5% year-over-year).
- 2014: Revenue of $3.5M, expenses of $3.3M, and assets of $1.4M (revenue +7.0% year-over-year).
- 2013: Revenue of $3.3M, expenses of $3.1M, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cincinnatiusa Regional Tourism Network Inc:
Data Sources and Methodology
This transparency report for Cincinnatiusa Regional Tourism Network 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.