Roslyn Downtown Association
Roslyn Downtown Association maintains financial stability with volunteer leadership, despite past expense anomaly.
EIN: 204041024 · Roslyn, WA · NTEE: S20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $409K |
| Total Expenses | $368K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $884K |
| Transparency Score | 85/100 |
Is Roslyn Downtown Association Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Roslyn Downtown Association directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Roslyn Downtown Association
Roslyn Downtown Association (EIN: 204041024) is a nonprofit organization based in Roslyn, WA, classified under NTEE code S20. The organization reported total revenue of $409K and total assets of $1.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Roslyn Downtown Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Roslyn Downtown Association is a small nonprofit that has been operating for 20 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -8.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $437K |
| Total Expenses | $368K |
| Surplus / Deficit | +$69K |
| Total Assets | $884K |
| Total Liabilities | $50 |
| Net Assets | $884K |
| Operating Margin | 15.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 28.8 months |
Financial Health Grade: A
In 2023, Roslyn Downtown Association reported a surplus of $69K with revenue exceeding expenses, holds 28.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Roslyn Downtown Association's revenue has declined at a compound annual growth rate (CAGR) of -8.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +132.0% | +105.6% | +8.4% |
| 2022 | -29.0% | +22.3% | +1.0% |
| 2021 | +262.0% | -95.5% | +17.5% |
| 2020 | -80.0% | +2868.8% | -82.1% |
| 2019 | -70.2% | +24.1% | +5.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Roslyn Downtown Association 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: 90%
- fundraising: 0%
According to IRS 990 filings, Roslyn Downtown Association allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 $69K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0%, indicating that the organization is run by volunteers, which is highly efficient for an organization of its size with assets over $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 Roslyn Downtown Association's IRS 990 filings:
- Unexplained expense spike in 2020 ($3,223,623 against $73,335 revenue)
- Significant fluctuation in annual revenue and expenses, indicating potential reliance on inconsistent funding sources.
Strengths
The following positive indicators were identified for Roslyn Downtown Association:
- Consistent 0% officer compensation, indicating volunteer leadership and efficient use of funds.
- Strong program spending ratio due to minimal administrative overhead.
- Healthy asset base, reaching over $1 million in recent years, demonstrating financial stability.
- Low liabilities across most filing periods, indicating good financial management.
Frequently Asked Questions about Roslyn Downtown Association
Is Roslyn Downtown Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Roslyn Downtown Association (EIN: 204041024) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Roslyn Downtown Association spend its money?
Roslyn Downtown Association directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Roslyn Downtown Association tax-deductible?
Roslyn Downtown Association is registered as a tax-exempt nonprofit (EIN: 204041024). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Roslyn Downtown Association CEO make?
Roslyn Downtown Association's highest-compensated officer earns $1 annually. The organization reported $409K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Roslyn Downtown Association compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Roslyn Downtown Association is above average for NTEE category S20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Roslyn Downtown Association located?
Roslyn Downtown Association is headquartered in Roslyn, Washington and files with the IRS under EIN 204041024. It is classified under NTEE code S20.
How many years of IRS 990 filings does Roslyn Downtown Association have?
Roslyn Downtown Association 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 $409K in total revenue.
Is Roslyn Downtown Association a good charity?
Based on the available data, Roslyn Downtown Association appears to be a good charity. They consistently report 0% officer compensation, indicating volunteer leadership, and their program spending is likely very high given the lack of reported officer compensation and low liabilities. Their assets have grown significantly over time, suggesting good financial management, though the 2020 expense anomaly needs clarification.
What caused the large expense spike in 2020?
The IRS 990 data shows a significant expense spike to $3,223,623 in 2020, while revenue was only $73,335. This is a substantial deviation from their typical spending patterns and would require reviewing the full 990 form for that year to understand the specific nature of these expenses and how they were funded (e.g., through a large grant, asset sale, or loan).
How does Roslyn Downtown Association fund its operations?
The organization's revenue has fluctuated significantly, from $73,335 in 2020 to $1,228,934 in 2018. This suggests a reliance on varied funding sources, potentially including grants, donations, and event-based income. The consistent asset growth indicates effective management of these funds over time.
Filing History
IRS 990 filing history for Roslyn Downtown Association showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Roslyn Downtown Association's revenue has declined by 62.2%, moving from $1.2M to $437K. Total assets decreased by 31.8% over the same period, from $1.3M to $884K. Total functional expenses rose by 369.4%, from $78K to $368K. In its most recent filing year (2023), Roslyn Downtown Association reported a surplus of $69K, with revenue exceeding expenses. The organization holds $50 in liabilities against $884K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $884K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $437K | $368K | $884K | $50 | — | — |
| 2022 | $189K | $179K | $816K | $696 | — | View 990 |
| 2021 | $265K | $146K | $807K | $2K | — | View 990 |
| 2020 | $73K | $3.2M | $687K | $574 | — | View 990 |
| 2019 | $366K | $109K | $3.8M | $3K | — | View 990 |
| 2018 | $1.2M | $87K | $3.6M | $62K | — | View 990 |
| 2017 | $75K | $132K | $2.4M | $450 | — | View 990 |
| 2016 | $833K | $108K | $2.5M | $5K | — | View 990 |
| 2015 | $214K | $127K | $1.8M | $60K | — | View 990 |
| 2014 | $562K | $127K | $1.7M | $25K | — | View 990 |
| 2013 | $69K | $86K | $1.3M | $34K | — | View 990 |
| 2012 | $1.2M | $78K | $1.3M | $31K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $437K, expenses of $368K, and assets of $884K (revenue +132.0% year-over-year).
- 2022: Revenue of $189K, expenses of $179K, and assets of $816K (revenue -29.0% year-over-year).
- 2021: Revenue of $265K, expenses of $146K, and assets of $807K (revenue +262.0% year-over-year).
- 2020: Revenue of $73K, expenses of $3.2M, and assets of $687K (revenue -80.0% year-over-year).
- 2019: Revenue of $366K, expenses of $109K, and assets of $3.8M (revenue -70.2% year-over-year).
- 2018: Revenue of $1.2M, expenses of $87K, and assets of $3.6M (revenue +1546.3% year-over-year).
- 2017: Revenue of $75K, expenses of $132K, and assets of $2.4M (revenue -91.0% year-over-year).
- 2016: Revenue of $833K, expenses of $108K, and assets of $2.5M (revenue +289.5% year-over-year).
- 2015: Revenue of $214K, expenses of $127K, and assets of $1.8M (revenue -61.9% year-over-year).
- 2014: Revenue of $562K, expenses of $127K, and assets of $1.7M (revenue +716.9% year-over-year).
- 2013: Revenue of $69K, expenses of $86K, and assets of $1.3M (revenue -94.1% year-over-year).
- 2012: Revenue of $1.2M, expenses of $78K, and assets of $1.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Roslyn Downtown Association:
Data Sources and Methodology
This transparency report for Roslyn Downtown Association 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.