Norfolk Nato Festival Inc
EIN: 541580182 · Norfolk, VA
| Metric | Value |
|---|---|
| Total Expenses | $233K |
| Net Assets | $25K |
Is Norfolk Nato Festival Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Norfolk Nato Festival Inc
Norfolk Nato Festival Inc (EIN: 541580182) is a nonprofit organization based in Norfolk, VA. 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 Norfolk Nato Festival Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Norfolk Nato Festival Inc is a small nonprofit, with 5 years of IRS 990 filings on record (2012–2016). Revenue has grown at a compound annual rate of 2.0%.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
| Total Revenue | $225K |
| Total Expenses | $233K |
| Surplus / Deficit | $-8,168 |
| Total Assets | $38K |
| Total Liabilities | $13K |
| Net Assets | $25K |
| Operating Margin | -3.6% |
| Debt-to-Asset Ratio | 33.4% |
| Months of Reserves | 2.0 months |
Financial Health Grade: C
In 2016, Norfolk Nato Festival Inc reported a deficit of $8K with expenses exceeding revenue, holds 2.0 months of operating reserves (limited), has a debt-to-asset ratio of 33.4% (moderate leverage).
Financial Trends
Over 5 years of filings (2012–2016), Norfolk Nato Festival Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2016 | +4.4% | -2.9% | -34.0% |
| 2015 | -7.2% | -6.5% | -19.3% |
| 2014 | -2.3% | +11.1% | -31.2% |
| 2013 | +14.2% | +24.5% | -1.6% |
AI Analysis Pending
AI enrichment for Norfolk Nato Festival Inc 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 Norfolk Nato Festival Inc 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 $8K, with expenses exceeding revenue.
- Debt-to-asset ratio: 33.4%.
Frequently Asked Questions about Norfolk Nato Festival Inc
Is Norfolk Nato Festival Inc a legitimate charity?
Norfolk Nato Festival Inc (EIN: 541580182) is a registered tax-exempt nonprofit based in Virginia. It has 5 years of IRS 990 filings on record. No red flags identified. Financial health grade: C.
How does Norfolk Nato Festival Inc spend its money?
Norfolk Nato Festival Inc reported its financials in IRS 990 filings. 5 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Norfolk Nato Festival Inc tax-deductible?
Norfolk Nato Festival Inc is registered as a tax-exempt nonprofit (EIN: 541580182). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Norfolk Nato Festival Inc located?
Norfolk Nato Festival Inc is headquartered in Norfolk, Virginia and files with the IRS under EIN 541580182.
How many years of IRS 990 filings does Norfolk Nato Festival Inc have?
Norfolk Nato Festival Inc has 5 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 Norfolk Nato Festival Inc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2012–2016), Norfolk Nato Festival Inc's revenue has grown by 8.1%, moving from $208K to $225K. Total assets decreased by 64% over the same period, from $106K to $38K. Total functional expenses rose by 25.6%, from $186K to $233K. In its most recent filing year (2016), Norfolk Nato Festival Inc reported a deficit of $8K, with expenses exceeding revenue. The organization holds $13K in liabilities against $38K in assets (debt-to-asset ratio: 33.4%), resulting in net assets of $25K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2016 | $225K | $233K | $38K | $13K | — | View 990 |
| 2015 | $215K | $240K | $58K | $24K | — | View 990 |
| 2014 | $232K | $257K | $72K | $13K | — | View 990 |
| 2013 | $238K | $231K | $104K | $21K | — | View 990 |
| 2012 | $208K | $186K | $106K | $29K | — | View 990 |
Year-by-Year Financial Summary
- 2016: Revenue of $225K, expenses of $233K, and assets of $38K (revenue +4.4% year-over-year).
- 2015: Revenue of $215K, expenses of $240K, and assets of $58K (revenue -7.2% year-over-year).
- 2014: Revenue of $232K, expenses of $257K, and assets of $72K (revenue -2.3% year-over-year).
- 2013: Revenue of $238K, expenses of $231K, and assets of $104K (revenue +14.2% year-over-year).
- 2012: Revenue of $208K, expenses of $186K, and assets of $106K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Norfolk Nato Festival Inc:
Data Sources and Methodology
This transparency report for Norfolk Nato Festival 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.