Drummond Island Tourism Association
EIN: 383240558 · Drummond Island, MI · NTEE: A03
| Metric | Value |
|---|---|
| Total Revenue | $338K |
| Total Expenses | $373K |
| Net Assets | $627K |
Is Drummond Island Tourism Association Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Drummond Island Tourism Association
Drummond Island Tourism Association (EIN: 383240558) is a nonprofit organization based in Drummond Island, MI, classified under NTEE code A03. The organization reported total revenue of $338K and total assets of $954K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Drummond Island Tourism Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Drummond Island Tourism Association is a small nonprofit that has been operating for 2 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of 17.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $385K |
| Total Expenses | $373K |
| Surplus / Deficit | +$12K |
| Total Assets | $985K |
| Total Liabilities | $358K |
| Net Assets | $627K |
| Operating Margin | 3.1% |
| Debt-to-Asset Ratio | 36.3% |
| Months of Reserves | 31.7 months |
Financial Health Grade: A
In 2023, Drummond Island Tourism Association reported a surplus of $12K with revenue exceeding expenses, holds 31.7 months of operating reserves (strong position), has a debt-to-asset ratio of 36.3% (moderate leverage).
Financial Trends
Over 3 years of filings (2021–2023), Drummond Island Tourism Association's revenue has grown at a compound annual growth rate (CAGR) of 17.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +64.2% | +65.4% | +0.3% |
| 2022 | -15.3% | +10.5% | -1.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2024 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Drummond Island Tourism Association 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 Drummond Island Tourism Association 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 surplus of $12K, with revenue exceeding expenses.
- Debt-to-asset ratio: 36.3%.
Frequently Asked Questions about Drummond Island Tourism Association
Is Drummond Island Tourism Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Drummond Island Tourism Association (EIN: 383240558) insufficient data. 0 red flags identified, 0 strengths noted.
How does Drummond Island Tourism Association spend its money?
Detailed spending breakdown data is not yet available for Drummond Island Tourism Association. Check back for updated IRS 990 analysis.
Are donations to Drummond Island Tourism Association tax-deductible?
Drummond Island Tourism Association is registered as a tax-exempt nonprofit (EIN: 383240558). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Drummond Island Tourism Association located?
Drummond Island Tourism Association is headquartered in Drummond Island, Michigan and files with the IRS under EIN 383240558. It is classified under NTEE code A03.
How many years of IRS 990 filings does Drummond Island Tourism Association have?
Drummond Island Tourism Association has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $338K in total revenue.
Filing History
IRS 990 filing history for Drummond Island Tourism Association showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Drummond Island Tourism Association's revenue has grown by 39.1%, moving from $277K to $385K. Total assets decreased by 0.7% over the same period, from $992K to $985K. Total functional expenses rose by 82.7%, from $204K to $373K. In its most recent filing year (2023), Drummond Island Tourism Association reported a surplus of $12K, with revenue exceeding expenses. The organization holds $358K in liabilities against $985K in assets (debt-to-asset ratio: 36.3%), resulting in net assets of $627K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $385K | $373K | $985K | $358K | — | — |
| 2022 | $235K | $226K | $982K | $363K | — | View 990 |
| 2021 | $277K | $204K | $992K | $382K | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $385K, expenses of $373K, and assets of $985K (revenue +64.2% year-over-year).
- 2022: Revenue of $235K, expenses of $226K, and assets of $982K (revenue -15.3% year-over-year).
- 2021: Revenue of $277K, expenses of $204K, and assets of $992K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Drummond Island Tourism Association:
Data Sources and Methodology
This transparency report for Drummond Island Tourism Association 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.