Rowan Vocational Opportunities Inc
EIN: 560890711 · Salisbury, NC · NTEE: J300
| Metric | Value |
|---|---|
| Total Revenue | $5.4M |
| Total Expenses | $4.3M |
| Net Assets | $8.8M |
Is Rowan Vocational Opportunities Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Rowan Vocational Opportunities Inc
Rowan Vocational Opportunities Inc (EIN: 560890711) is a nonprofit organization based in Salisbury, NC, classified under NTEE code J300. The organization reported total revenue of $5.4M and total assets of $11.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rowan Vocational Opportunities Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rowan Vocational Opportunities Inc is a mid-size nonprofit that has been operating for 58 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 2.5%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.1M |
| Total Expenses | $4.3M |
| Surplus / Deficit | +$777K |
| Total Assets | $10.4M |
| Total Liabilities | $1.6M |
| Net Assets | $8.8M |
| Operating Margin | 15.2% |
| Debt-to-Asset Ratio | 15.2% |
| Months of Reserves | 28.6 months |
Financial Health Grade: A
In 2024, Rowan Vocational Opportunities Inc reported a surplus of $777K with revenue exceeding expenses, holds 28.6 months of operating reserves (strong position), has a debt-to-asset ratio of 15.2% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Rowan Vocational Opportunities Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +5.2% | +9.3% | +21.6% |
| 2023 | +81.0% | +6.2% | +16.6% |
| 2022 | -42.8% | -0.2% | -12.6% |
| 2021 | +26.9% | -1.4% | +12.5% |
| 2020 | -2.8% | +3.1% | -0.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1968 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Rowan Vocational Opportunities 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 Rowan Vocational Opportunities 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $777K, with revenue exceeding expenses.
- Debt-to-asset ratio: 15.2%.
Frequently Asked Questions about Rowan Vocational Opportunities Inc
Is Rowan Vocational Opportunities Inc a legitimate charity?
Rowan Vocational Opportunities Inc (EIN: 560890711) is a registered tax-exempt nonprofit based in North Carolina. It has 14 years of IRS 990 filings on record. Total revenue: $5.4M. No red flags identified. Financial health grade: A.
How does Rowan Vocational Opportunities Inc spend its money?
Rowan Vocational Opportunities Inc reported $5.4M in total revenue in IRS 990 filings. 14 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Rowan Vocational Opportunities Inc tax-deductible?
Rowan Vocational Opportunities Inc is registered as a tax-exempt nonprofit (EIN: 560890711). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Rowan Vocational Opportunities Inc located?
Rowan Vocational Opportunities Inc is headquartered in Salisbury, North Carolina and files with the IRS under EIN 560890711. It is classified under NTEE code J300.
How many years of IRS 990 filings does Rowan Vocational Opportunities Inc have?
Rowan Vocational Opportunities Inc has 14 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 $5.4M in total revenue.
Filing History
IRS 990 filing history for Rowan Vocational Opportunities Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Rowan Vocational Opportunities Inc's revenue has grown by 38.5%, moving from $3.7M to $5.1M. Total assets increased by 93.8% over the same period, from $5.3M to $10.4M. Total functional expenses rose by 58.5%, from $2.7M to $4.3M. In its most recent filing year (2024), Rowan Vocational Opportunities Inc reported a surplus of $777K, with revenue exceeding expenses. The organization holds $1.6M in liabilities against $10.4M in assets (debt-to-asset ratio: 15.2%), resulting in net assets of $8.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $5.1M | $4.3M | $10.4M | $1.6M | — | — |
| 2023 | $4.9M | $4.0M | $8.5M | $513K | — | View 990 |
| 2022 | $2.7M | $3.7M | $7.3M | $194K | — | View 990 |
| 2021 | $4.7M | $3.8M | $8.4M | $190K | — | — |
| 2020 | $3.7M | $3.8M | $7.4M | $206K | — | View 990 |
| 2019 | $3.8M | $3.7M | $7.5M | $152K | — | View 990 |
| 2018 | $3.4M | $3.5M | $7.3M | $123K | — | View 990 |
| 2017 | $3.5M | $3.4M | $7.4M | $130K | — | View 990 |
| 2016 | $3.5M | $3.4M | $7.3M | $153K | — | View 990 |
| 2015 | $3.8M | $3.2M | $7.2M | $151K | — | View 990 |
| 2014 | $3.6M | $3.2M | $6.7M | $193K | — | View 990 |
| 2013 | $3.6M | $3.1M | $6.3M | $230K | — | View 990 |
| 2012 | $3.6M | $2.9M | $5.8M | $212K | — | View 990 |
| 2011 | $3.7M | $2.7M | $5.3M | $391K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $5.1M, expenses of $4.3M, and assets of $10.4M (revenue +5.2% year-over-year).
- 2023: Revenue of $4.9M, expenses of $4.0M, and assets of $8.5M (revenue +81.0% year-over-year).
- 2022: Revenue of $2.7M, expenses of $3.7M, and assets of $7.3M (revenue -42.8% year-over-year).
- 2021: Revenue of $4.7M, expenses of $3.8M, and assets of $8.4M (revenue +26.9% year-over-year).
- 2020: Revenue of $3.7M, expenses of $3.8M, and assets of $7.4M (revenue -2.8% year-over-year).
- 2019: Revenue of $3.8M, expenses of $3.7M, and assets of $7.5M (revenue +11.7% year-over-year).
- 2018: Revenue of $3.4M, expenses of $3.5M, and assets of $7.3M (revenue -3.6% year-over-year).
- 2017: Revenue of $3.5M, expenses of $3.4M, and assets of $7.4M (revenue +2.1% year-over-year).
- 2016: Revenue of $3.5M, expenses of $3.4M, and assets of $7.3M (revenue -8.8% year-over-year).
- 2015: Revenue of $3.8M, expenses of $3.2M, and assets of $7.2M (revenue +5.6% year-over-year).
- 2014: Revenue of $3.6M, expenses of $3.2M, and assets of $6.7M (revenue +0.3% year-over-year).
- 2013: Revenue of $3.6M, expenses of $3.1M, and assets of $6.3M (revenue +0.8% year-over-year).
- 2012: Revenue of $3.6M, expenses of $2.9M, and assets of $5.8M (revenue -3.8% year-over-year).
- 2011: Revenue of $3.7M, expenses of $2.7M, and assets of $5.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rowan Vocational Opportunities Inc:
Data Sources and Methodology
This transparency report for Rowan Vocational Opportunities 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.