Council Of Industrial Boiler Owners
EIN: 541090691 · Gainesville, VA
Is Council Of Industrial Boiler Owners Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Council Of Industrial Boiler Owners
Council Of Industrial Boiler Owners (EIN: 541090691) is a nonprofit organization based in Gainesville, VA. The organization reported total revenue of $388K and total assets of $83K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Council Of Industrial Boiler Owners's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Council Of Industrial Boiler Owners is a small nonprofit that has been operating for 47 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -8.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $393K |
| Total Expenses | $433K |
| Surplus / Deficit | $-40,705 |
| Total Assets | $121K |
| Total Liabilities | $154K |
| Net Assets | $-33,082 |
| Operating Margin | -10.4% |
| Debt-to-Asset Ratio | 127.4% |
| Months of Reserves | 3.3 months |
Financial Health Grade: C
In 2023, Council Of Industrial Boiler Owners reported a deficit of $41K with expenses exceeding revenue, holds 3.3 months of operating reserves (adequate), has a debt-to-asset ratio of 127.4% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Council Of Industrial Boiler Owners's revenue has declined at a compound annual growth rate (CAGR) of -8.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.5% | -8.1% | -7.7% |
| 2022 | +8.8% | -20.9% | -29.4% |
| 2021 | -14.9% | -2.7% | -57.9% |
| 2020 | -34.9% | -20.1% | -34.7% |
| 2019 | -17.8% | -9.2% | -19.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1979 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Council Of Industrial Boiler Owners has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Council Of Industrial Boiler Owners with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $41K, with expenses exceeding revenue.
- Debt-to-asset ratio: 127.4%.
Frequently Asked Questions about Council Of Industrial Boiler Owners
Is Council Of Industrial Boiler Owners a legitimate charity?
Based on AI analysis of IRS 990 filings, Council Of Industrial Boiler Owners (EIN: 541090691) insufficient data. 0 red flags identified, 0 strengths noted.
How does Council Of Industrial Boiler Owners spend its money?
Detailed spending breakdown data is not yet available for Council Of Industrial Boiler Owners. Check back for updated IRS 990 analysis.
Are donations to Council Of Industrial Boiler Owners tax-deductible?
Council Of Industrial Boiler Owners is registered as a tax-exempt nonprofit (EIN: 541090691). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Council Of Industrial Boiler Owners showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Council Of Industrial Boiler Owners's revenue has declined by 65.1%, moving from $1.1M to $393K. Total assets decreased by 86% over the same period, from $864K to $121K. Total functional expenses fell by 57.9%, from $1.0M to $433K. In its most recent filing year (2023), Council Of Industrial Boiler Owners reported a deficit of $41K, with expenses exceeding revenue. The organization holds $154K in liabilities against $121K in assets (debt-to-asset ratio: 127.4%), resulting in net assets of $-33,082.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $393K | $433K | $121K | $154K | — | View 990 |
| 2022 | $399K | $471K | $131K | $123K | — | View 990 |
| 2021 | $366K | $596K | $185K | $105K | — | — |
| 2020 | $431K | $613K | $440K | $130K | — | — |
| 2019 | $662K | $767K | $674K | $181K | — | View 990 |
| 2018 | $805K | $845K | $837K | $240K | — | View 990 |
| 2017 | $841K | $983K | $860K | $228K | — | View 990 |
| 2016 | $1.0M | $1.1M | $979K | $204K | — | View 990 |
| 2015 | $1.2M | $1.2M | $1.2M | $357K | — | View 990 |
| 2014 | $1.2M | $1.1M | $1.2M | $284K | — | View 990 |
| 2013 | $1.3M | $1.1M | $1.1M | $326K | — | View 990 |
| 2012 | $1.3M | $1.2M | $911K | $290K | — | View 990 |
| 2011 | $1.1M | $1.0M | $864K | $343K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $393K, expenses of $433K, and assets of $121K (revenue -1.5% year-over-year).
- 2022: Revenue of $399K, expenses of $471K, and assets of $131K (revenue +8.8% year-over-year).
- 2021: Revenue of $366K, expenses of $596K, and assets of $185K (revenue -14.9% year-over-year).
- 2020: Revenue of $431K, expenses of $613K, and assets of $440K (revenue -34.9% year-over-year).
- 2019: Revenue of $662K, expenses of $767K, and assets of $674K (revenue -17.8% year-over-year).
- 2018: Revenue of $805K, expenses of $845K, and assets of $837K (revenue -4.2% year-over-year).
- 2017: Revenue of $841K, expenses of $983K, and assets of $860K (revenue -16.0% year-over-year).
- 2016: Revenue of $1.0M, expenses of $1.1M, and assets of $979K (revenue -13.8% year-over-year).
- 2015: Revenue of $1.2M, expenses of $1.2M, and assets of $1.2M (revenue -3.9% year-over-year).
- 2014: Revenue of $1.2M, expenses of $1.1M, and assets of $1.2M (revenue -3.7% year-over-year).
- 2013: Revenue of $1.3M, expenses of $1.1M, and assets of $1.1M (revenue -1.3% year-over-year).
- 2012: Revenue of $1.3M, expenses of $1.2M, and assets of $911K (revenue +13.1% year-over-year).
- 2011: Revenue of $1.1M, expenses of $1.0M, and assets of $864K.
Data Sources and Methodology
This transparency report for Council Of Industrial Boiler Owners 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.