Davie County Public Facilitiesfinancing Corporation
Davie County Public Facilitiesfinancing Corporation consistently matches revenue with expenses, indicating a pass-through financing model.
EIN: 203949698 · Mocksville, NC · NTEE: W22 · Updated: 2026-03-28
Is Davie County Public Facilitiesfinancing Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Davie County Public Facilitiesfinancing Corporation directs 100% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Davie County Public Facilitiesfinancing Corporation
Davie County Public Facilitiesfinancing Corporation (EIN: 203949698) is a nonprofit organization based in Mocksville, NC, classified under NTEE code W22. The organization reported total revenue of $841K and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Davie County Public Facilitiesfinancing Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Davie County Public Facilitiesfinancing Corporation is a small nonprofit that has been operating for 7 years, with 14 years of IRS 990 filings on record (2011–2024).
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $841K |
| Total Expenses | $841K |
| Surplus / Deficit | +$0 |
| Total Assets | $820K |
| Total Liabilities | $820K |
| Net Assets | $0 |
| Operating Margin | 0.0% |
| Debt-to-Asset Ratio | 100.0% |
| Months of Reserves | 11.7 months |
Financial Health Grade: B
In 2024, Davie County Public Facilitiesfinancing Corporation reported a surplus of $0 with revenue exceeding expenses, holds 11.7 months of operating reserves (strong position), has a debt-to-asset ratio of 100.0% (high leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -4.9% | -4.9% | -50.7% |
| 2023 | -4.5% | -4.5% | -34.2% |
| 2022 | -4.4% | -4.4% | -25.9% |
| 2021 | -3.5% | -3.5% | -20.8% |
| 2020 | -51.7% | -3.4% | -17.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2019 |
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 Davie County Public Facilitiesfinancing Corporation 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: 0%
- programs: 100%
- fundraising: 0%
According to IRS 990 filings, Davie County Public Facilitiesfinancing Corporation allocates its expenses as follows: admin: 0%, programs: 100%, fundraising: 0%. With 100% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $0, with revenue exceeding expenses.
- Debt-to-asset ratio: 100.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no funds are used for officer salaries, which is highly favorable for a nonprofit of its size and operational model.
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 Davie County Public Facilitiesfinancing Corporation's IRS 990 filings:
- Lack of detailed functional expense breakdown beyond total expenses, making it difficult to assess specific operational efficiency.
Strengths
The following positive indicators were identified for Davie County Public Facilitiesfinancing Corporation:
- Consistent 0% officer compensation across all filings, indicating no executive salary burden.
- Revenue consistently matches expenses in most periods, suggesting efficient allocation of incoming funds.
- Clear financial structure with assets consistently offset by liabilities, typical for a financing entity.
Frequently Asked Questions about Davie County Public Facilitiesfinancing Corporation
Is Davie County Public Facilitiesfinancing Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Davie County Public Facilitiesfinancing Corporation (EIN: 203949698) some concerns. Mission Score: 85/100. 1 red flag identified, 3 strengths noted.
How does Davie County Public Facilitiesfinancing Corporation spend its money?
Davie County Public Facilitiesfinancing Corporation directs 100% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Davie County Public Facilitiesfinancing Corporation tax-deductible?
Davie County Public Facilitiesfinancing Corporation is registered as a tax-exempt nonprofit (EIN: 203949698). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What specific public facilities does this organization finance?
The IRS 990 data indicates the organization's financial activity but does not detail the specific public facilities being financed. Further investigation into their public records or website would be necessary.
How does the organization manage its liabilities, which consistently equal its assets?
The consistent equality of assets and liabilities (e.g., $820,000 in both for 2024) suggests a financing structure where assets are offset by corresponding debt, typical for entities involved in bond issuance or similar financing mechanisms for public projects.
Is the organization truly a 'nonprofit' in the traditional sense, given its financing role?
Yes, it is classified as a nonprofit (NTEE W22 - Public & Society Benefit, Government & Public Administration) and its financial statements reflect a non-profit operating model where funds are used for their intended purpose without generating profit, even if that purpose is financing public facilities.
Filing History
IRS 990 filing history for Davie County Public Facilitiesfinancing Corporation showing financial trends over 14 years of public records:
Total assets decreased by 9.2% over the same period, from $903K to $820K. In its most recent filing year (2024), Davie County Public Facilitiesfinancing Corporation reported a surplus of $0, with revenue exceeding expenses. The organization holds $820K in liabilities against $820K in assets (debt-to-asset ratio: 100.0%), resulting in net assets of $0.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $841K | $841K | $820K | $820K | — | View 990 |
| 2023 | $884K | $884K | $1.7M | $1.7M | — | View 990 |
| 2022 | $926K | $926K | $2.5M | $2.5M | — | View 990 |
| 2021 | $968K | $968K | $3.4M | $3.4M | — | View 990 |
| 2020 | $1.0M | $1.0M | $4.3M | $4.3M | — | — |
| 2019 | $2.1M | $1.0M | $5.2M | $5.2M | — | View 990 |
| 2018 | $1.1M | $1.1M | $6.1M | $6.1M | — | View 990 |
| 2017 | $1.1M | $1.1M | $7.1M | $7.1M | — | — |
| 2016 | $1.2M | $1.2M | $8.0M | $8.0M | — | — |
| 2015 | $8.6M | $8.6M | $8.9M | $8.9M | — | — |
| 2014 | $0 | $0 | $903K | $9.3M | — | View 990 |
| 2013 | $0 | $0 | $903K | $10.2M | — | View 990 |
| 2012 | $0 | $0 | $903K | $11.0M | — | View 990 |
| 2011 | $0 | $0 | $903K | $11.9M | — | — |
Year-by-Year Financial Summary
- 2024: Revenue of $841K, expenses of $841K, and assets of $820K (revenue -4.9% year-over-year).
- 2023: Revenue of $884K, expenses of $884K, and assets of $1.7M (revenue -4.5% year-over-year).
- 2022: Revenue of $926K, expenses of $926K, and assets of $2.5M (revenue -4.4% year-over-year).
- 2021: Revenue of $968K, expenses of $968K, and assets of $3.4M (revenue -3.5% year-over-year).
- 2020: Revenue of $1.0M, expenses of $1.0M, and assets of $4.3M (revenue -51.7% year-over-year).
- 2019: Revenue of $2.1M, expenses of $1.0M, and assets of $5.2M (revenue +93.4% year-over-year).
- 2018: Revenue of $1.1M, expenses of $1.1M, and assets of $6.1M (revenue -3.1% year-over-year).
- 2017: Revenue of $1.1M, expenses of $1.1M, and assets of $7.1M (revenue -6.8% year-over-year).
- 2016: Revenue of $1.2M, expenses of $1.2M, and assets of $8.0M (revenue -86.1% year-over-year).
- 2015: Revenue of $8.6M, expenses of $8.6M, and assets of $8.9M.
- 2014: Revenue of $0, expenses of $0, and assets of $903K.
- 2013: Revenue of $0, expenses of $0, and assets of $903K.
- 2012: Revenue of $0, expenses of $0, and assets of $903K.
- 2011: Revenue of $0, expenses of $0, and assets of $903K.
Data Sources and Methodology
This transparency report for Davie County Public Facilitiesfinancing Corporation 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.