Downtown Riverfront Trust
EIN: 814619812 · Omaha, NE · NTEE: S12
| Metric | Value |
|---|---|
| Total Revenue | $398K |
| Total Expenses | $1.0M |
| Net Assets | $431K |
Is Downtown Riverfront Trust Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Downtown Riverfront Trust
Downtown Riverfront Trust (EIN: 814619812) is a nonprofit organization based in Omaha, NE, classified under NTEE code S12. The organization reported total revenue of $398K and total assets of $13.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Downtown Riverfront Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Downtown Riverfront Trust is a small nonprofit that has been operating for 9 years, with 7 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of -8.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $894K |
| Total Expenses | $1.0M |
| Surplus / Deficit | $-109,475 |
| Total Assets | $20.9M |
| Total Liabilities | $20.5M |
| Net Assets | $431K |
| Operating Margin | -12.2% |
| Debt-to-Asset Ratio | 97.9% |
| Months of Reserves | 250.1 months |
Financial Health Grade: C
In 2023, Downtown Riverfront Trust reported a deficit of $109K with expenses exceeding revenue, holds 250.1 months of operating reserves (strong position), has a debt-to-asset ratio of 97.9% (high leverage).
Financial Trends
Over 7 years of filings (2017–2023), Downtown Riverfront Trust's revenue has declined at a compound annual growth rate (CAGR) of -8.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -76.1% | -74.8% | -73.2% |
| 2022 | -87.0% | -86.3% | -50.8% |
| 2021 | -21.9% | -22.3% | +0.3% |
| 2020 | -78.2% | -77.9% | +4.2% |
| 2019 | +179.3% | +176.0% | +160.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2017 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Downtown Riverfront Trust 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 Downtown Riverfront Trust 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 $109K, with expenses exceeding revenue.
- Debt-to-asset ratio: 97.9%.
Frequently Asked Questions about Downtown Riverfront Trust
Is Downtown Riverfront Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, Downtown Riverfront Trust (EIN: 814619812) insufficient data. 0 red flags identified, 0 strengths noted.
How does Downtown Riverfront Trust spend its money?
Detailed spending breakdown data is not yet available for Downtown Riverfront Trust. Check back for updated IRS 990 analysis.
Are donations to Downtown Riverfront Trust tax-deductible?
Downtown Riverfront Trust is registered as a tax-exempt nonprofit (EIN: 814619812). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Downtown Riverfront Trust located?
Downtown Riverfront Trust is headquartered in Omaha, Nebraska and files with the IRS under EIN 814619812. It is classified under NTEE code S12.
How many years of IRS 990 filings does Downtown Riverfront Trust have?
Downtown Riverfront Trust has 7 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 $398K in total revenue.
Filing History
IRS 990 filing history for Downtown Riverfront Trust showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2017–2023), Downtown Riverfront Trust's revenue has declined by 40.7%, moving from $1.5M to $894K. Total assets increased by 2168.1% over the same period, from $922K to $20.9M. Total functional expenses rose by 29.2%, from $777K to $1.0M. In its most recent filing year (2023), Downtown Riverfront Trust reported a deficit of $109K, with expenses exceeding revenue. The organization holds $20.5M in liabilities against $20.9M in assets (debt-to-asset ratio: 97.9%), resulting in net assets of $431K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $894K | $1.0M | $20.9M | $20.5M | — | — |
| 2022 | $3.7M | $4.0M | $78.1M | $77.6M | — | — |
| 2021 | $28.9M | $29.0M | $158.8M | $158.0M | — | View 990 |
| 2020 | $37.0M | $37.3M | $158.3M | $157.4M | — | — |
| 2019 | $169.5M | $168.6M | $152.0M | $150.8M | — | View 990 |
| 2018 | $60.7M | $61.1M | $58.3M | $58.0M | — | View 990 |
| 2017 | $1.5M | $777K | $922K | $191K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $894K, expenses of $1.0M, and assets of $20.9M (revenue -76.1% year-over-year).
- 2022: Revenue of $3.7M, expenses of $4.0M, and assets of $78.1M (revenue -87.0% year-over-year).
- 2021: Revenue of $28.9M, expenses of $29.0M, and assets of $158.8M (revenue -21.9% year-over-year).
- 2020: Revenue of $37.0M, expenses of $37.3M, and assets of $158.3M (revenue -78.2% year-over-year).
- 2019: Revenue of $169.5M, expenses of $168.6M, and assets of $152.0M (revenue +179.3% year-over-year).
- 2018: Revenue of $60.7M, expenses of $61.1M, and assets of $58.3M (revenue +3922.5% year-over-year).
- 2017: Revenue of $1.5M, expenses of $777K, and assets of $922K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Downtown Riverfront Trust:
Data Sources and Methodology
This transparency report for Downtown Riverfront Trust 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.