Dominican Advance Inc
Dominican Advance Inc. shows revenue growth but increasing liabilities and recent operating deficits.
EIN: 208507603 · Tucson, AZ · NTEE: X20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.7M |
| Total Expenses | $1.5M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $611K |
| Transparency Score | 70/100 |
Is Dominican Advance Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Dominican Advance Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Dominican Advance Inc
Dominican Advance Inc (EIN: 208507603) is a nonprofit organization based in Tucson, AZ, classified under NTEE code X20. The organization reported total revenue of $1.7M and total assets of $2.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Dominican Advance Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Dominican Advance Inc is a mid-size nonprofit that has been operating for 18 years, with 12 years of IRS 990 filings on record (2011–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.4M |
| Total Expenses | $1.5M |
| Surplus / Deficit | $-72,489 |
| Total Assets | $1.8M |
| Total Liabilities | $1.2M |
| Net Assets | $611K |
| Operating Margin | -5.2% |
| Debt-to-Asset Ratio | 65.9% |
| Months of Reserves | 14.7 months |
Financial Health Grade: C
In 2023, Dominican Advance Inc reported a deficit of $72K with expenses exceeding revenue, holds 14.7 months of operating reserves (strong position), has a debt-to-asset ratio of 65.9% (high leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +39.5% | +2.7% | +156.6% |
| 2022 | +5.5% | +57.5% | +14.2% |
| 2021 | +12.5% | +11.1% | +7.2% |
| 2020 | -7.5% | -8.2% | +4.8% |
| 2019 | +126.5% | +131.0% | +1.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7200 |
| IRS Ruling Date | 2008 |
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 Dominican Advance Inc with a Mission Score of 70 out of 100 (Good). 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, Dominican Advance 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 deficit of $72K, with expenses exceeding revenue.
- Debt-to-asset ratio: 65.9%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no compensation was paid to officers, which is highly favorable for an organization of its size with recent revenues exceeding $1 million.
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 Dominican Advance Inc's IRS 990 filings:
- Significant increase in liabilities from $0 in 2021 to $1,178,441 in 2023.
- Operating deficits in 2022 and 2023, where expenses exceeded revenue.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided summary data, limiting full efficiency assessment.
Strengths
The following positive indicators were identified for Dominican Advance Inc:
- Consistent growth in assets over the past decade, from $332,051 in 2013 to $1,789,066 in 2023.
- Zero reported officer compensation across all filings, indicating a commitment to minimizing executive overhead.
- Significant revenue growth, reaching $1,390,270 in 2023, demonstrating increasing donor support or program scale.
Frequently Asked Questions about Dominican Advance Inc
Is Dominican Advance Inc a legitimate charity?
Dominican Advance Inc (EIN: 208507603) is a registered tax-exempt nonprofit based in Arizona. Our AI analysis gives it a Mission Score of 70/100. It has 12 years of IRS 990 filings on record. Total revenue: $1.7M. 3 red flags identified. 3 strengths noted. Financial health grade: C.
How does Dominican Advance Inc spend its money?
Dominican Advance Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Dominican Advance Inc tax-deductible?
Dominican Advance Inc is registered as a tax-exempt nonprofit (EIN: 208507603). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Dominican Advance Inc CEO make?
Dominican Advance Inc's highest-compensated officer earns $1 annually. The organization reported $1.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Dominican Advance Inc's spending goes to programs?
Dominican Advance Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Dominican Advance Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Dominican Advance Inc is above average for NTEE category X20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Dominican Advance Inc located?
Dominican Advance Inc is headquartered in Tucson, Arizona and files with the IRS under EIN 208507603. It is classified under NTEE code X20.
How many years of IRS 990 filings does Dominican Advance Inc have?
Dominican Advance Inc has 12 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 $1.7M in total revenue.
Why did liabilities increase significantly from $0 in 2021 to $1,178,441 in 2023?
The sudden and substantial increase in liabilities suggests the organization may have taken on debt or has significant outstanding obligations. Further investigation into the nature of these liabilities is crucial to understand the organization's financial health.
What caused the operating deficits in 2022 and 2023?
In 2022, expenses ($1,424,688) significantly outpaced revenue ($996,890), and a similar trend occurred in 2023 with expenses ($1,462,759) exceeding revenue ($1,390,270). Understanding the specific drivers of these increased expenses relative to revenue is important for assessing financial management.
How does Dominican Advance Inc. fund its operations when expenses exceed revenue?
When expenses exceed revenue, organizations typically draw from reserves, incur debt (which aligns with the observed increase in liabilities), or receive non-operating income. The specific funding mechanisms used during deficit periods would provide insight into financial sustainability.
Filing History
IRS 990 filing history for Dominican Advance Inc showing financial trends over 12 years of public records:
Total assets increased by 918.2% over the same period, from $176K to $1.8M. Total functional expenses rose by 616.4%, from $204K to $1.5M. In its most recent filing year (2023), Dominican Advance Inc reported a deficit of $72K, with expenses exceeding revenue. The organization holds $1.2M in liabilities against $1.8M in assets (debt-to-asset ratio: 65.9%), resulting in net assets of $611K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.4M | $1.5M | $1.8M | $1.2M | — | View 990 |
| 2022 | $997K | $1.4M | $697K | $488K | — | — |
| 2021 | $945K | $904K | $611K | $0 | — | — |
| 2020 | $840K | $814K | $570K | $0 | — | View 990 |
| 2019 | $908K | $887K | $543K | $0 | — | View 990 |
| 2018 | $401K | $384K | $534K | $0 | — | View 990 |
| 2016 | $691K | $631K | $503K | $0 | — | View 990 |
| 2015 | $333K | $331K | $443K | $0 | — | View 990 |
| 2014 | $435K | $326K | $441K | $0 | — | View 990 |
| 2013 | $416K | $286K | $332K | $0 | — | View 990 |
| 2012 | $286K | $260K | $201K | $0 | — | View 990 |
| 2011 | $0 | $204K | $176K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.4M, expenses of $1.5M, and assets of $1.8M (revenue +39.5% year-over-year).
- 2022: Revenue of $997K, expenses of $1.4M, and assets of $697K (revenue +5.5% year-over-year).
- 2021: Revenue of $945K, expenses of $904K, and assets of $611K (revenue +12.5% year-over-year).
- 2020: Revenue of $840K, expenses of $814K, and assets of $570K (revenue -7.5% year-over-year).
- 2019: Revenue of $908K, expenses of $887K, and assets of $543K (revenue +126.5% year-over-year).
- 2018: Revenue of $401K, expenses of $384K, and assets of $534K (revenue -42.0% year-over-year).
- 2016: Revenue of $691K, expenses of $631K, and assets of $503K (revenue +107.5% year-over-year).
- 2015: Revenue of $333K, expenses of $331K, and assets of $443K (revenue -23.5% year-over-year).
- 2014: Revenue of $435K, expenses of $326K, and assets of $441K (revenue +4.5% year-over-year).
- 2013: Revenue of $416K, expenses of $286K, and assets of $332K (revenue +45.6% year-over-year).
- 2012: Revenue of $286K, expenses of $260K, and assets of $201K.
- 2011: Revenue of $0, expenses of $204K, and assets of $176K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Dominican Advance Inc:
Data Sources and Methodology
This transparency report for Dominican Advance 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.