River Bend Transit
EIN: 421014552 · Davenport, IA · NTEE: W40Z
| Metric | Value |
|---|---|
| Total Revenue | $8.1M |
| Total Expenses | $5.1M |
| Net Assets | $9.3M |
Is River Bend Transit Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About River Bend Transit
River Bend Transit (EIN: 421014552) is a nonprofit organization based in Davenport, IA, classified under NTEE code W40Z. The organization reported total revenue of $8.1M and total assets of $11.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of River Bend Transit's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
River Bend Transit is a mid-size nonprofit that has been operating for 45 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 5.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.0M |
| Total Expenses | $5.1M |
| Surplus / Deficit | $-176,271 |
| Total Assets | $9.7M |
| Total Liabilities | $364K |
| Net Assets | $9.3M |
| Operating Margin | -3.6% |
| Debt-to-Asset Ratio | 3.8% |
| Months of Reserves | 22.6 months |
Financial Health Grade: B
In 2023, River Bend Transit reported a deficit of $176K with expenses exceeding revenue, holds 22.6 months of operating reserves (strong position), has a debt-to-asset ratio of 3.8% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), River Bend Transit's revenue has grown at a compound annual growth rate (CAGR) of 5.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +18.6% | +7.3% | +3.9% |
| 2022 | -5.6% | +29.9% | -20.8% |
| 2021 | -15.4% | -4.0% | +27.6% |
| 2020 | +42.1% | +6.0% | +17.1% |
| 2019 | -7.8% | -0.6% | -1.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1981 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for River Bend Transit 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 River Bend Transit 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 deficit of $176K, with expenses exceeding revenue.
- Debt-to-asset ratio: 3.8%.
Frequently Asked Questions about River Bend Transit
Is River Bend Transit a legitimate charity?
River Bend Transit (EIN: 421014552) is a registered tax-exempt nonprofit based in Iowa. It has 12 years of IRS 990 filings on record. Total revenue: $8.1M. No red flags identified. Financial health grade: B.
How does River Bend Transit spend its money?
River Bend Transit reported $8.1M in total revenue in IRS 990 filings. 12 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to River Bend Transit tax-deductible?
River Bend Transit is registered as a tax-exempt nonprofit (EIN: 421014552). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is River Bend Transit located?
River Bend Transit is headquartered in Davenport, Iowa and files with the IRS under EIN 421014552. It is classified under NTEE code W40Z.
How many years of IRS 990 filings does River Bend Transit have?
River Bend Transit has 12 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 $8.1M in total revenue.
Filing History
IRS 990 filing history for River Bend Transit showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), River Bend Transit's revenue has grown by 77.4%, moving from $2.8M to $5.0M. Total assets increased by 56.1% over the same period, from $6.2M to $9.7M. Total functional expenses rose by 78.2%, from $2.9M to $5.1M. In its most recent filing year (2023), River Bend Transit reported a deficit of $176K, with expenses exceeding revenue. The organization holds $364K in liabilities against $9.7M in assets (debt-to-asset ratio: 3.8%), resulting in net assets of $9.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.0M | $5.1M | $9.7M | $364K | — | View 990 |
| 2022 | $4.2M | $4.8M | $9.3M | $269K | — | View 990 |
| 2021 | $4.4M | $3.7M | $11.8M | $1.2M | — | View 990 |
| 2020 | $5.2M | $3.8M | $9.2M | $199K | — | View 990 |
| 2019 | $3.7M | $3.6M | $7.9M | $203K | — | View 990 |
| 2018 | $4.0M | $3.6M | $8.0M | $272K | — | View 990 |
| 2017 | $4.2M | $3.4M | $7.4M | $244K | — | View 990 |
| 2016 | $2.8M | $2.9M | $7.1M | $739K | — | View 990 |
| 2015 | $3.0M | $2.8M | $6.7M | $241K | — | View 990 |
| 2014 | $2.6M | $2.8M | $6.5M | $253K | — | View 990 |
| 2013 | $3.0M | $3.0M | $6.3M | $223K | — | View 990 |
| 2012 | $2.8M | $2.9M | $6.2M | $197K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.0M, expenses of $5.1M, and assets of $9.7M (revenue +18.6% year-over-year).
- 2022: Revenue of $4.2M, expenses of $4.8M, and assets of $9.3M (revenue -5.6% year-over-year).
- 2021: Revenue of $4.4M, expenses of $3.7M, and assets of $11.8M (revenue -15.4% year-over-year).
- 2020: Revenue of $5.2M, expenses of $3.8M, and assets of $9.2M (revenue +42.1% year-over-year).
- 2019: Revenue of $3.7M, expenses of $3.6M, and assets of $7.9M (revenue -7.8% year-over-year).
- 2018: Revenue of $4.0M, expenses of $3.6M, and assets of $8.0M (revenue -3.8% year-over-year).
- 2017: Revenue of $4.2M, expenses of $3.4M, and assets of $7.4M (revenue +46.0% year-over-year).
- 2016: Revenue of $2.8M, expenses of $2.9M, and assets of $7.1M (revenue -4.9% year-over-year).
- 2015: Revenue of $3.0M, expenses of $2.8M, and assets of $6.7M (revenue +13.7% year-over-year).
- 2014: Revenue of $2.6M, expenses of $2.8M, and assets of $6.5M (revenue -11.6% year-over-year).
- 2013: Revenue of $3.0M, expenses of $3.0M, and assets of $6.3M (revenue +6.5% year-over-year).
- 2012: Revenue of $2.8M, expenses of $2.9M, and assets of $6.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for River Bend Transit:
Data Sources and Methodology
This transparency report for River Bend Transit 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.