Mcdonough Hospitality And Tourism Board Inc
Mcdonough Hospitality And Tourism Board Inc shows strong revenue growth and asset accumulation with no reported officer compensation.
EIN: 20660657 · Mcdonough, GA · NTEE: S41 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.0M |
| Total Expenses | $557K |
| Program Spending | 85% |
| Net Assets | $2.0M |
| Transparency Score | 90/100 |
Is Mcdonough Hospitality And Tourism Board Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mcdonough Hospitality And Tourism Board Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mcdonough Hospitality And Tourism Board Inc
Mcdonough Hospitality And Tourism Board Inc (EIN: 20660657) is a nonprofit organization based in Mcdonough, GA, classified under NTEE code S41. The organization reported total revenue of $1.0M and total assets of $2.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mcdonough Hospitality And Tourism Board Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mcdonough Hospitality And Tourism Board Inc is a mid-size nonprofit that has been operating for 23 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 16.8%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.4M |
| Total Expenses | $557K |
| Surplus / Deficit | +$888K |
| Total Assets | $2.0M |
| Total Liabilities | $9K |
| Net Assets | $2.0M |
| Operating Margin | 61.4% |
| Debt-to-Asset Ratio | 0.5% |
| Months of Reserves | 44.0 months |
Financial Health Grade: A
In 2024, Mcdonough Hospitality And Tourism Board Inc reported a surplus of $888K with revenue exceeding expenses, holds 44.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.5% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Mcdonough Hospitality And Tourism Board Inc's revenue has grown at a compound annual growth rate (CAGR) of 16.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +53.8% | -0.8% | +66.9% |
| 2023 | +37.2% | +22.3% | +44.5% |
| 2022 | -8.8% | +4.3% | +35.4% |
| 2021 | +28.4% | -47.1% | +95.6% |
| 2020 | -4.1% | +14.4% | -44.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
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 Mcdonough Hospitality And Tourism Board Inc with a Mission Score of 90 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Mcdonough Hospitality And Tourism Board Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $888K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.5%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to its officers, which is highly unusual for an organization of its size and revenue, suggesting volunteer leadership or compensation reported under other categories.
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 Mcdonough Hospitality And Tourism Board Inc's IRS 990 filings:
- Unusually low reported liabilities relative to assets, which could indicate incomplete reporting or unique financial structure.
- 0% officer compensation reported across all filings, which is highly unusual for an organization with over $1 million in revenue and could suggest compensation is categorized differently or leadership is entirely volunteer-based.
Strengths
The following positive indicators were identified for Mcdonough Hospitality And Tourism Board Inc:
- Strong and consistent revenue growth, from $488,325 in 201506 to $1,444,899 in 202406.
- Significant asset accumulation, growing from $286,114 in 201506 to $2,042,415 in 202406.
- Very low liabilities, consistently under $30,000 across all reported periods, indicating strong financial health.
- Expenses consistently lower than revenue in recent years, allowing for asset growth and reinvestment.
- No reported officer compensation, suggesting high efficiency in leadership costs or volunteer-driven executive roles.
Frequently Asked Questions about Mcdonough Hospitality And Tourism Board Inc
Is Mcdonough Hospitality And Tourism Board Inc a legitimate charity?
Mcdonough Hospitality And Tourism Board Inc (EIN: 20660657) is a registered tax-exempt nonprofit based in Georgia. Our AI analysis gives it a Mission Score of 90/100. It has 14 years of IRS 990 filings on record. Total revenue: $1.0M. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does Mcdonough Hospitality And Tourism Board Inc spend its money?
Mcdonough Hospitality And Tourism Board Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Mcdonough Hospitality And Tourism Board Inc tax-deductible?
Mcdonough Hospitality And Tourism Board Inc is registered as a tax-exempt nonprofit (EIN: 20660657). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Mcdonough Hospitality And Tourism Board Inc's spending goes to programs?
Mcdonough Hospitality And Tourism Board Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Mcdonough Hospitality And Tourism Board Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Mcdonough Hospitality And Tourism Board Inc is above average for NTEE category S41 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Mcdonough Hospitality And Tourism Board Inc located?
Mcdonough Hospitality And Tourism Board Inc is headquartered in Mcdonough, Georgia and files with the IRS under EIN 20660657. It is classified under NTEE code S41.
How many years of IRS 990 filings does Mcdonough Hospitality And Tourism Board Inc have?
Mcdonough Hospitality And Tourism Board Inc has 14 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 $1.0M in total revenue.
Is Mcdonough Hospitality And Tourism Board Inc a good charity?
Based on the provided financial data, Mcdonough Hospitality And Tourism Board Inc appears to be a financially healthy and well-managed organization. It exhibits strong revenue growth, significant asset accumulation, and very low liabilities. The absence of reported officer compensation is a notable positive for transparency and efficiency.
How has the organization's revenue changed over time?
The organization has shown significant revenue growth, increasing from $488,325 in 201506 to $1,444,899 in 202406, demonstrating a strong upward trend in its financial capacity.
What is the trend in the organization's assets?
Assets have consistently grown, from $286,114 in 201506 to $2,042,415 in 202406, indicating effective financial management and accumulation of resources.
Are there any concerns regarding liabilities?
No, liabilities are consistently very low, ranging from $66 to $27,337 across the filings, and are only $9,380 in the latest period, indicating excellent financial stability and minimal debt.
Filing History
IRS 990 filing history for Mcdonough Hospitality And Tourism Board Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Mcdonough Hospitality And Tourism Board Inc's revenue has grown by 649.8%, moving from $193K to $1.4M. Total assets increased by 2348.1% over the same period, from $83K to $2.0M. Total functional expenses rose by 246.2%, from $161K to $557K. In its most recent filing year (2024), Mcdonough Hospitality And Tourism Board Inc reported a surplus of $888K, with revenue exceeding expenses. The organization holds $9K in liabilities against $2.0M in assets (debt-to-asset ratio: 0.5%), resulting in net assets of $2.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $1.4M | $557K | $2.0M | $9K | — | — |
| 2023 | $940K | $562K | $1.2M | $66 | — | — |
| 2022 | $685K | $459K | $847K | $1K | — | View 990 |
| 2021 | $751K | $440K | $625K | $5K | — | — |
| 2020 | $584K | $833K | $320K | $10K | — | — |
| 2019 | $609K | $728K | $573K | $14K | — | — |
| 2018 | $661K | $575K | $653K | $5K | — | — |
| 2017 | $533K | $498K | $589K | $27K | — | View 990 |
| 2016 | $496K | $418K | $529K | $2K | — | View 990 |
| 2015 | $488K | $347K | $286K | $1K | — | View 990 |
| 2014 | $290K | $195K | $144K | $773 | — | View 990 |
| 2013 | $198K | $229K | $49K | $846 | — | View 990 |
| 2012 | $142K | $145K | $80K | $905 | — | View 990 |
| 2011 | $193K | $161K | $83K | $622 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $1.4M, expenses of $557K, and assets of $2.0M (revenue +53.8% year-over-year).
- 2023: Revenue of $940K, expenses of $562K, and assets of $1.2M (revenue +37.2% year-over-year).
- 2022: Revenue of $685K, expenses of $459K, and assets of $847K (revenue -8.8% year-over-year).
- 2021: Revenue of $751K, expenses of $440K, and assets of $625K (revenue +28.4% year-over-year).
- 2020: Revenue of $584K, expenses of $833K, and assets of $320K (revenue -4.1% year-over-year).
- 2019: Revenue of $609K, expenses of $728K, and assets of $573K (revenue -7.9% year-over-year).
- 2018: Revenue of $661K, expenses of $575K, and assets of $653K (revenue +24.1% year-over-year).
- 2017: Revenue of $533K, expenses of $498K, and assets of $589K (revenue +7.5% year-over-year).
- 2016: Revenue of $496K, expenses of $418K, and assets of $529K (revenue +1.6% year-over-year).
- 2015: Revenue of $488K, expenses of $347K, and assets of $286K (revenue +68.4% year-over-year).
- 2014: Revenue of $290K, expenses of $195K, and assets of $144K (revenue +46.6% year-over-year).
- 2013: Revenue of $198K, expenses of $229K, and assets of $49K (revenue +39.6% year-over-year).
- 2012: Revenue of $142K, expenses of $145K, and assets of $80K (revenue -26.5% year-over-year).
- 2011: Revenue of $193K, expenses of $161K, and assets of $83K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mcdonough Hospitality And Tourism Board Inc:
Data Sources and Methodology
This transparency report for Mcdonough Hospitality And Tourism Board 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.