Durham Regional Financial Center
EIN: 562114496 · Durham, NC
| Metric | Value |
|---|---|
| Total Expenses | $310K |
| Net Assets | $152K |
Is Durham Regional Financial Center Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Durham Regional Financial Center
Durham Regional Financial Center (EIN: 562114496) is a nonprofit organization based in Durham, NC. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Durham Regional Financial Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Durham Regional Financial Center is a small nonprofit, with 6 years of IRS 990 filings on record (2011–2016). Revenue has grown at a compound annual rate of -4.9%.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
| Total Revenue | $193K |
| Total Expenses | $310K |
| Surplus / Deficit | $-116,562 |
| Total Assets | $283K |
| Total Liabilities | $131K |
| Net Assets | $152K |
| Operating Margin | -60.4% |
| Debt-to-Asset Ratio | 46.3% |
| Months of Reserves | 11.0 months |
Financial Health Grade: B
In 2016, Durham Regional Financial Center reported a deficit of $117K with expenses exceeding revenue, holds 11.0 months of operating reserves (strong position), has a debt-to-asset ratio of 46.3% (moderate leverage).
Financial Trends
Over 6 years of filings (2011–2016), Durham Regional Financial Center's revenue has declined at a compound annual growth rate (CAGR) of -4.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2016 | -60.6% | -33.6% | -20.8% |
| 2015 | -20.9% | +10.3% | +42.6% |
| 2014 | +58.4% | +5.4% | +644.6% |
| 2013 | +90.3% | +135.0% | -80.3% |
| 2012 | -17.2% | -38.9% | +24.5% |
AI Analysis Pending
AI enrichment for Durham Regional Financial Center 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 Durham Regional Financial Center 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 (2016)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $117K, with expenses exceeding revenue.
- Debt-to-asset ratio: 46.3%.
Frequently Asked Questions about Durham Regional Financial Center
Is Durham Regional Financial Center a legitimate charity?
Durham Regional Financial Center (EIN: 562114496) is a registered tax-exempt nonprofit based in North Carolina. It has 6 years of IRS 990 filings on record. No red flags identified. Financial health grade: B.
How does Durham Regional Financial Center spend its money?
Durham Regional Financial Center reported its financials in IRS 990 filings. 6 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Durham Regional Financial Center tax-deductible?
Durham Regional Financial Center is registered as a tax-exempt nonprofit (EIN: 562114496). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Durham Regional Financial Center located?
Durham Regional Financial Center is headquartered in Durham, North Carolina and files with the IRS under EIN 562114496.
How many years of IRS 990 filings does Durham Regional Financial Center have?
Durham Regional Financial Center has 6 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Filing History
IRS 990 filing history for Durham Regional Financial Center showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2011–2016), Durham Regional Financial Center's revenue has declined by 22.3%, moving from $248K to $193K. Total assets increased by 106.3% over the same period, from $137K to $283K. Total functional expenses rose by 10.8%, from $280K to $310K. In its most recent filing year (2016), Durham Regional Financial Center reported a deficit of $117K, with expenses exceeding revenue. The organization holds $131K in liabilities against $283K in assets (debt-to-asset ratio: 46.3%), resulting in net assets of $152K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2016 | $193K | $310K | $283K | $131K | — | — |
| 2015 | $490K | $467K | $357K | $88K | — | View 990 |
| 2014 | $620K | $423K | $250K | $6K | — | View 990 |
| 2013 | $392K | $402K | $34K | $14K | — | View 990 |
| 2012 | $206K | $171K | $171K | $18K | — | View 990 |
| 2011 | $248K | $280K | $137K | $19K | — | View 990 |
Year-by-Year Financial Summary
- 2016: Revenue of $193K, expenses of $310K, and assets of $283K (revenue -60.6% year-over-year).
- 2015: Revenue of $490K, expenses of $467K, and assets of $357K (revenue -20.9% year-over-year).
- 2014: Revenue of $620K, expenses of $423K, and assets of $250K (revenue +58.4% year-over-year).
- 2013: Revenue of $392K, expenses of $402K, and assets of $34K (revenue +90.3% year-over-year).
- 2012: Revenue of $206K, expenses of $171K, and assets of $171K (revenue -17.2% year-over-year).
- 2011: Revenue of $248K, expenses of $280K, and assets of $137K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Durham Regional Financial Center:
Data Sources and Methodology
This transparency report for Durham Regional Financial Center 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.