Rosemary Beach Town Center Merchants Association Inc
Rosemary Beach Town Center Merchants Association Inc shows consistent revenue growth and strong asset accumulation with no reported officer compensation.
EIN: 204918452 · Rosemary Bch, FL · NTEE: S41 · Updated: 2026-03-28
Is Rosemary Beach Town Center Merchants Association Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Rosemary Beach Town Center Merchants Association Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Rosemary Beach Town Center Merchants Association Inc
Rosemary Beach Town Center Merchants Association Inc (EIN: 204918452) is a nonprofit organization based in Rosemary Bch, FL, classified under NTEE code S41. The organization reported total revenue of $1.1M and total assets of $989K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rosemary Beach Town Center Merchants Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rosemary Beach Town Center Merchants Association Inc is a mid-size nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $871K |
| Total Expenses | $846K |
| Surplus / Deficit | +$25K |
| Total Assets | $890K |
| Total Liabilities | $3K |
| Net Assets | $887K |
| Operating Margin | 2.8% |
| Debt-to-Asset Ratio | 0.4% |
| Months of Reserves | 12.6 months |
Financial Health Grade: A
In 2023, Rosemary Beach Town Center Merchants Association Inc reported a surplus of $25K with revenue exceeding expenses, holds 12.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Rosemary Beach Town Center Merchants Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 10.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.7% | +24.2% | +3.1% |
| 2022 | -18.7% | +6.6% | +13.6% |
| 2021 | +60.3% | +58.4% | +69.1% |
| 2020 | +6.7% | -21.5% | +97.0% |
| 2019 | +6.1% | +20.7% | +29.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Rosemary Beach Town Center Merchants Association Inc with a Mission Score of 85 out of 100 (Excellent). 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, Rosemary Beach Town Center Merchants Association Inc 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $25K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.4%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are either uncompensated or compensated through mechanisms not categorized as 'officer compensation' on the 990, which is highly efficient for an organization of its size with revenues approaching $1 million.
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 Rosemary Beach Town Center Merchants Association Inc's IRS 990 filings:
- Lack of detailed expense breakdown (program vs. admin vs. fundraising) in provided data
Strengths
The following positive indicators were identified for Rosemary Beach Town Center Merchants Association Inc:
- Consistent revenue growth, from $381,661 in 2014 to $870,700 in 2023.
- Strong asset accumulation, growing from $111,155 in 2014 to $890,463 in 2023.
- Very low liabilities across all reported periods, indicating financial stability.
- 0% reported officer compensation, suggesting highly efficient use of funds for leadership.
- Consistent positive net income (revenue exceeding expenses) in most recent years, contributing to asset growth.
Frequently Asked Questions about Rosemary Beach Town Center Merchants Association Inc
Is Rosemary Beach Town Center Merchants Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Rosemary Beach Town Center Merchants Association Inc (EIN: 204918452) some concerns. Mission Score: 85/100. 1 red flag identified, 5 strengths noted.
How does Rosemary Beach Town Center Merchants Association Inc spend its money?
Rosemary Beach Town Center Merchants Association Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Rosemary Beach Town Center Merchants Association Inc tax-deductible?
Rosemary Beach Town Center Merchants Association Inc is registered as a tax-exempt nonprofit (EIN: 204918452). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What are the specific program services provided by the association?
The NTEE code S41 indicates 'Business & Commerce, Community & Economic Development', suggesting activities related to promoting local businesses and economic vitality within Rosemary Beach. More detailed program descriptions would require reviewing the full 990 filing.
How does the organization manage to operate with 0% reported officer compensation?
This could imply that the leadership is entirely volunteer-based, or that compensation for key personnel is categorized differently within the expense structure, such as 'salaries and wages' for non-officer staff, or paid by an affiliated entity.
What is the breakdown of program, administrative, and fundraising expenses?
The provided data does not offer a detailed breakdown of these expense categories. A full IRS 990 would be needed to determine the exact percentages for program services, administrative costs, and fundraising efforts.
Filing History
IRS 990 filing history for Rosemary Beach Town Center Merchants Association Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Rosemary Beach Town Center Merchants Association Inc's revenue has grown by 242.7%, moving from $254K to $871K. Total assets increased by 2005.6% over the same period, from $42K to $890K. Total functional expenses rose by 270.9%, from $228K to $846K. In its most recent filing year (2023), Rosemary Beach Town Center Merchants Association Inc reported a surplus of $25K, with revenue exceeding expenses. The organization holds $3K in liabilities against $890K in assets (debt-to-asset ratio: 0.4%), resulting in net assets of $887K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $871K | $846K | $890K | $3K | — | View 990 |
| 2022 | $787K | $681K | $863K | $527 | — | View 990 |
| 2021 | $968K | $639K | $760K | $3K | — | — |
| 2020 | $604K | $403K | $450K | $21K | — | — |
| 2019 | $566K | $514K | $228K | $0 | — | View 990 |
| 2018 | $533K | $426K | $177K | $758 | — | View 990 |
| 2017 | $470K | $458K | $69K | $0 | — | View 990 |
| 2016 | $472K | $507K | $57K | $369 | — | View 990 |
| 2015 | $428K | $446K | $92K | $362 | — | View 990 |
| 2014 | $382K | $298K | $111K | $369 | — | View 990 |
| 2013 | $320K | $375K | $36K | $9K | — | View 990 |
| 2012 | $329K | $284K | $84K | $3K | — | View 990 |
| 2011 | $254K | $228K | $42K | $5K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $871K, expenses of $846K, and assets of $890K (revenue +10.7% year-over-year).
- 2022: Revenue of $787K, expenses of $681K, and assets of $863K (revenue -18.7% year-over-year).
- 2021: Revenue of $968K, expenses of $639K, and assets of $760K (revenue +60.3% year-over-year).
- 2020: Revenue of $604K, expenses of $403K, and assets of $450K (revenue +6.7% year-over-year).
- 2019: Revenue of $566K, expenses of $514K, and assets of $228K (revenue +6.1% year-over-year).
- 2018: Revenue of $533K, expenses of $426K, and assets of $177K (revenue +13.5% year-over-year).
- 2017: Revenue of $470K, expenses of $458K, and assets of $69K (revenue -0.5% year-over-year).
- 2016: Revenue of $472K, expenses of $507K, and assets of $57K (revenue +10.4% year-over-year).
- 2015: Revenue of $428K, expenses of $446K, and assets of $92K (revenue +12.1% year-over-year).
- 2014: Revenue of $382K, expenses of $298K, and assets of $111K (revenue +19.2% year-over-year).
- 2013: Revenue of $320K, expenses of $375K, and assets of $36K (revenue -2.5% year-over-year).
- 2012: Revenue of $329K, expenses of $284K, and assets of $84K (revenue +29.3% year-over-year).
- 2011: Revenue of $254K, expenses of $228K, and assets of $42K.
Data Sources and Methodology
This transparency report for Rosemary Beach Town Center Merchants Association 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.