Rock Rapids Area Development Foundation Inc
EIN: 421293260 · Rock Rapids, IA
| Metric | Value |
|---|---|
| Total Revenue | $353K |
| Total Expenses | $679K |
| Net Assets | $1.5M |
Is Rock Rapids Area Development Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Rock Rapids Area Development Foundation Inc
Rock Rapids Area Development Foundation Inc (EIN: 421293260) is a nonprofit organization based in Rock Rapids, IA. The organization reported total revenue of $353K and total assets of $1.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rock Rapids Area Development Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rock Rapids Area Development Foundation Inc is a small nonprofit that has been operating for 38 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $179K |
| Total Expenses | $679K |
| Surplus / Deficit | $-500,669 |
| Total Assets | $1.7M |
| Total Liabilities | $239K |
| Net Assets | $1.5M |
| Operating Margin | -280.4% |
| Debt-to-Asset Ratio | 13.8% |
| Months of Reserves | 30.5 months |
Financial Health Grade: B
In 2023, Rock Rapids Area Development Foundation Inc reported a deficit of $501K with expenses exceeding revenue, holds 30.5 months of operating reserves (strong position), has a debt-to-asset ratio of 13.8% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Rock Rapids Area Development Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 11.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -36.3% | +1640.7% | -19.1% |
| 2022 | +444.7% | +16.5% | +9.7% |
| 2021 | -63.0% | -64.6% | -19.8% |
| 2020 | -10.3% | +140.8% | -3.7% |
| 2019 | -34.9% | +84.8% | +5.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1988 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Rock Rapids Area Development Foundation 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 Rock Rapids Area Development Foundation 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $501K, with expenses exceeding revenue.
- Debt-to-asset ratio: 13.8%.
Frequently Asked Questions about Rock Rapids Area Development Foundation Inc
Is Rock Rapids Area Development Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Rock Rapids Area Development Foundation Inc (EIN: 421293260) insufficient data. 0 red flags identified, 0 strengths noted.
How does Rock Rapids Area Development Foundation Inc spend its money?
Detailed spending breakdown data is not yet available for Rock Rapids Area Development Foundation Inc. Check back for updated IRS 990 analysis.
Are donations to Rock Rapids Area Development Foundation Inc tax-deductible?
Rock Rapids Area Development Foundation Inc is registered as a tax-exempt nonprofit (EIN: 421293260). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Rock Rapids Area Development Foundation Inc located?
Rock Rapids Area Development Foundation Inc is headquartered in Rock Rapids, Iowa and files with the IRS under EIN 421293260.
How many years of IRS 990 filings does Rock Rapids Area Development Foundation Inc have?
Rock Rapids Area Development Foundation Inc has 10 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 $353K in total revenue.
Filing History
IRS 990 filing history for Rock Rapids Area Development Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Rock Rapids Area Development Foundation Inc's revenue has grown by 279.1%, moving from $47K to $179K. Total assets increased by 241.5% over the same period, from $506K to $1.7M. Total functional expenses rose by 1139.9%, from $55K to $679K. In its most recent filing year (2023), Rock Rapids Area Development Foundation Inc reported a deficit of $501K, with expenses exceeding revenue. The organization holds $239K in liabilities against $1.7M in assets (debt-to-asset ratio: 13.8%), resulting in net assets of $1.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $179K | $679K | $1.7M | $239K | — | — |
| 2022 | $280K | $39K | $2.1M | $315K | — | View 990 |
| 2021 | $51K | $33K | $1.9M | $368K | — | View 990 |
| 2020 | $139K | $95K | $2.4M | $868K | — | View 990 |
| 2019 | $155K | $39K | $2.5M | $1.0M | — | View 990 |
| 2015 | $238K | $21K | $2.4M | $881K | — | View 990 |
| 2014 | $735K | $52K | $1.3M | $1 | — | View 990 |
| 2013 | $123K | $29K | $602K | $1 | — | View 990 |
| 2012 | $36K | $33K | $570K | $1 | — | View 990 |
| 2011 | $47K | $55K | $506K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $179K, expenses of $679K, and assets of $1.7M (revenue -36.3% year-over-year).
- 2022: Revenue of $280K, expenses of $39K, and assets of $2.1M (revenue +444.7% year-over-year).
- 2021: Revenue of $51K, expenses of $33K, and assets of $1.9M (revenue -63.0% year-over-year).
- 2020: Revenue of $139K, expenses of $95K, and assets of $2.4M (revenue -10.3% year-over-year).
- 2019: Revenue of $155K, expenses of $39K, and assets of $2.5M (revenue -34.9% year-over-year).
- 2015: Revenue of $238K, expenses of $21K, and assets of $2.4M (revenue -67.5% year-over-year).
- 2014: Revenue of $735K, expenses of $52K, and assets of $1.3M (revenue +498.0% year-over-year).
- 2013: Revenue of $123K, expenses of $29K, and assets of $602K (revenue +239.9% year-over-year).
- 2012: Revenue of $36K, expenses of $33K, and assets of $570K (revenue -23.3% year-over-year).
- 2011: Revenue of $47K, expenses of $55K, and assets of $506K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rock Rapids Area Development Foundation Inc:
Data Sources and Methodology
This transparency report for Rock Rapids Area Development Foundation 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.