Riverfront Business District Inc

Riverfront Business District Inc experiences significant revenue decline and consistent deficit spending.

EIN: 204512667 · Fort Madison, IA · NTEE: S41 · Updated: 2026-03-28

$5KRevenue

$5KAssets

55/100Mission Score (Fair)

S41

About Riverfront Business District Inc

Riverfront Business District Inc (EIN: 204512667) is a nonprofit organization based in Fort Madison, IA, classified under NTEE code S41. The organization reported total revenue of $5K and total assets of $5K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Riverfront Business District Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Riverfront Business District Inc appears to be a small, community-focused organization with declining financial activity. In 2019, its revenue was only $4,595, a significant drop from $42,733 in 2018 and $58,811 in 2017. The organization consistently spent more than it brought in, with expenses of $11,990 against $4,595 in revenue in 2019, indicating a reliance on prior year assets or accumulated deficits. Its assets have also steadily decreased from a high of $48,570 in 2016 to $5,373 in 2019. The organization reports no officer compensation, which is positive for a small nonprofit, but the overall financial trend suggests operational challenges and a shrinking footprint. Given its small size and lack of detailed expense breakdowns in the provided data, a full assessment of spending efficiency is difficult, but the consistent deficit spending is a concern.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Riverfront Business District Inc with a Mission Score of 55 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 15%
programs: 80%
fundraising: 5%

According to IRS 990 filings, Riverfront Business District Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization reported 0% officer compensation across all available filings, indicating that executive leadership is either volunteer-based or compensated through other means not categorized as officer compensation, which is common for very small nonprofits and generally positive for resource allocation.

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 Riverfront Business District Inc's IRS 990 filings:

Significant and consistent deficit spending (e.g., $11,990 expenses vs. $4,595 revenue in 2019).
Sharp decline in annual revenue from $58,811 in 2017 to $4,595 in 2019.
Decreasing asset base, from $48,570 in 2016 to $5,373 in 2019, indicating financial unsustainability.
Lack of detailed expense breakdown in available data makes full efficiency assessment challenging.

Strengths

The following positive indicators were identified for Riverfront Business District Inc:

No reported officer compensation, suggesting volunteer leadership or efficient use of funds for executive roles.
Low liabilities across all reported periods (e.g., $0 in 2019), indicating good debt management.

Frequently Asked Questions about Riverfront Business District Inc

Why has Riverfront Business District Inc's revenue decreased so dramatically since 2017?

The provided data shows a sharp decline in revenue from $58,811 in 2017 to $4,595 in 2019, suggesting a significant change in funding sources or operational scale.

How does Riverfront Business District Inc cover its expenses when revenue is consistently lower?

With expenses consistently exceeding revenue (e.g., $11,990 expenses vs. $4,595 revenue in 2019), the organization likely relies on drawing down its assets, which have decreased from $48,570 in 2016 to $5,373 in 2019.

What specific programs does Riverfront Business District Inc operate?

The NTEE code S41 indicates 'Business & Commerce, Nec', but the provided financial data does not detail specific program activities or their associated costs.

Filing History

IRS 990 filing history for Riverfront Business District Inc showing financial trends over 5 years of public records:

Over 5 years of IRS 990 filings (2016–2019), Riverfront Business District Inc's revenue has declined by 88.2%, moving from $39K to $5K. Total assets decreased by 77.3% over the same period, from $24K to $5K. Total functional expenses fell by 80.9%, from $63K to $12K. In its most recent filing year (2019), Riverfront Business District Inc reported a deficit of $7K, with expenses exceeding revenue.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2019	$5K	$12K	$5K	$0	—	View 990
2018	$43K	$65K	$14K	$1K	—	View 990
2017	$59K	$71K	$36K	$973	—	View 990
2016	$42K	$47K	$49K	$1K	—	View 990
2016	$39K	$63K	$24K	$1K	—	View 990

Year-by-Year Financial Summary

2019: Revenue of $5K, expenses of $12K, and assets of $5K (revenue -89.2% year-over-year).
2018: Revenue of $43K, expenses of $65K, and assets of $14K (revenue -27.3% year-over-year).
2017: Revenue of $59K, expenses of $71K, and assets of $36K (revenue +38.5% year-over-year).
2016: Revenue of $42K, expenses of $47K, and assets of $49K (revenue +9.5% year-over-year).
2016: Revenue of $39K, expenses of $63K, and assets of $24K.

Data Sources and Methodology

This transparency report for Riverfront Business District 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.