Petersburg Area Regional Tourism
Petersburg Area Regional Tourism reports $0 revenue and assets, indicating inactivity.
EIN: 205815264 · Petersburg, VA · NTEE: A99 · Updated: 2026-03-28
About Petersburg Area Regional Tourism
Petersburg Area Regional Tourism (EIN: 205815264) is a nonprofit organization based in Petersburg, VA, classified under NTEE code A99. 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 Petersburg Area Regional Tourism's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Petersburg Area Regional Tourism with a Mission Score of 20 out of 100 (Poor). 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, Petersburg Area Regional Tourism 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.
Executive Compensation Analysis
The organization consistently reported 0% officer compensation across all available filings, indicating that no executive salaries were paid or reported, which is unusual for an active organization of its size.
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 Petersburg Area Regional Tourism's IRS 990 filings:
- Latest revenue and assets reported as $0, indicating inactivity.
- No financial activity reported since the 201806 period.
- Lack of transparency regarding the disposition of previously held assets.
Strengths
The following positive indicators were identified for Petersburg Area Regional Tourism:
- Maintained a healthy asset base with no liabilities during its active years (e.g., $348,442 in assets in 201706 with $0 liabilities).
- Consistent reporting of 0% officer compensation, suggesting a volunteer-led model during its active period.
Frequently Asked Questions about Petersburg Area Regional Tourism
Is Petersburg Area Regional Tourism still operational?
Based on the latest reported revenue and assets of $0, it appears the organization is no longer operational or has ceased significant financial activity.
What happened to the organization's assets?
The latest filing shows $0 in assets, a significant decrease from its peak of $348,442 in 201706. The filings do not provide details on the disposition of these assets.
Why was officer compensation consistently 0%?
The consistent reporting of 0% officer compensation across all filings suggests either an all-volunteer leadership structure or that compensation was not reported in a way that is visible in these summaries.
Filing History
IRS 990 filing history for Petersburg Area Regional Tourism showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2011–2018), Petersburg Area Regional Tourism's revenue has declined by 16.5%, moving from $328K to $274K. Total assets increased by 73% over the same period, from $153K to $265K. Total functional expenses fell by 11.5%, from $284K to $251K. In its most recent filing year (2018), Petersburg Area Regional Tourism reported a surplus of $23K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2018 | $274K | $251K | $265K | $0 | — | View 990 |
| 2017 | $275K | $244K | $348K | $0 | — | — |
| 2016 | $286K | $306K | $318K | $0 | — | View 990 |
| 2015 | $254K | $240K | $338K | $0 | — | View 990 |
| 2014 | $302K | $304K | $324K | $0 | — | View 990 |
| 2013 | $346K | $331K | $325K | $0 | — | View 990 |
| 2012 | $311K | $154K | $310K | $0 | — | View 990 |
| 2011 | $328K | $284K | $153K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2018: Revenue of $274K, expenses of $251K, and assets of $265K (revenue -0.2% year-over-year).
- 2017: Revenue of $275K, expenses of $244K, and assets of $348K (revenue -4.0% year-over-year).
- 2016: Revenue of $286K, expenses of $306K, and assets of $318K (revenue +12.6% year-over-year).
- 2015: Revenue of $254K, expenses of $240K, and assets of $338K (revenue -15.9% year-over-year).
- 2014: Revenue of $302K, expenses of $304K, and assets of $324K (revenue -12.7% year-over-year).
- 2013: Revenue of $346K, expenses of $331K, and assets of $325K (revenue +11.2% year-over-year).
- 2012: Revenue of $311K, expenses of $154K, and assets of $310K (revenue -5.1% year-over-year).
- 2011: Revenue of $328K, expenses of $284K, and assets of $153K.
Data Sources and Methodology
This transparency report for Petersburg Area Regional Tourism 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.