Salisbury Rowan County Convention &Visitors Bureau Inc
EIN: 462546411 · Salisbury, NC · NTEE: E99
Is Salisbury Rowan County Convention &Visitors Bureau Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Salisbury Rowan County Convention &Visitors Bureau Inc
Salisbury Rowan County Convention &Visitors Bureau Inc (EIN: 462546411) is a nonprofit organization based in Salisbury, NC, classified under NTEE code E99. The organization reported total revenue of $1.1M and total assets of $82K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Salisbury Rowan County Convention &Visitors Bureau Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Salisbury Rowan County Convention &Visitors Bureau Inc is a mid-size nonprofit that has been operating for 12 years, with 11 years of IRS 990 filings on record (2013–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $1.2M |
| Surplus / Deficit | $-40,301 |
| Total Assets | $77K |
| Total Liabilities | $211K |
| Net Assets | $-134,238 |
| Operating Margin | -3.4% |
| Debt-to-Asset Ratio | 274.2% |
| Months of Reserves | 0.7 months |
Financial Health Grade: D
In 2023, Salisbury Rowan County Convention &Visitors Bureau Inc reported a deficit of $40K with expenses exceeding revenue, holds 0.7 months of operating reserves (limited), has a debt-to-asset ratio of 274.2% (high leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -2.4% | +31.6% | -26.7% |
| 2022 | +52.3% | +9.9% | -19.1% |
| 2021 | +17.1% | +12.8% | -19.7% |
| 2020 | +37.3% | +61.1% | -13.4% |
| 2019 | +13.8% | -22.7% | -13.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Salisbury Rowan County Convention &Visitors Bureau 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 Salisbury Rowan County Convention &Visitors Bureau 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 $40K, with expenses exceeding revenue.
- Debt-to-asset ratio: 274.2%.
Frequently Asked Questions about Salisbury Rowan County Convention &Visitors Bureau Inc
Is Salisbury Rowan County Convention &Visitors Bureau Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Salisbury Rowan County Convention &Visitors Bureau Inc (EIN: 462546411) insufficient data. 0 red flags identified, 0 strengths noted.
How does Salisbury Rowan County Convention &Visitors Bureau Inc spend its money?
Detailed spending breakdown data is not yet available for Salisbury Rowan County Convention &Visitors Bureau Inc. Check back for updated IRS 990 analysis.
Are donations to Salisbury Rowan County Convention &Visitors Bureau Inc tax-deductible?
Salisbury Rowan County Convention &Visitors Bureau Inc is registered as a tax-exempt nonprofit (EIN: 462546411). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Salisbury Rowan County Convention &Visitors Bureau Inc showing financial trends over 11 years of public records:
Total assets increased by 7706100% over the same period, from $1 to $77K. In its most recent filing year (2023), Salisbury Rowan County Convention &Visitors Bureau Inc reported a deficit of $40K, with expenses exceeding revenue. The organization holds $211K in liabilities against $77K in assets (debt-to-asset ratio: 274.2%), resulting in net assets of $-134,238.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $1.2M | $77K | $211K | — | View 990 |
| 2022 | $1.2M | $939K | $105K | $199K | — | View 990 |
| 2021 | $804K | $855K | $130K | $509K | — | — |
| 2020 | $687K | $758K | $162K | $490K | — | — |
| 2019 | $500K | $470K | $187K | $404K | — | View 990 |
| 2018 | $439K | $608K | $217K | $463K | — | View 990 |
| 2017 | $944K | $978K | $477K | $555K | — | View 990 |
| 2016 | $947K | $1.3M | $402K | $445K | — | View 990 |
| 2015 | $792K | $727K | $364K | $23K | — | View 990 |
| 2014 | $640K | $631K | $301K | $25K | — | View 990 |
| 2013 | $0 | $0 | $1 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.2M, expenses of $1.2M, and assets of $77K (revenue -2.4% year-over-year).
- 2022: Revenue of $1.2M, expenses of $939K, and assets of $105K (revenue +52.3% year-over-year).
- 2021: Revenue of $804K, expenses of $855K, and assets of $130K (revenue +17.1% year-over-year).
- 2020: Revenue of $687K, expenses of $758K, and assets of $162K (revenue +37.3% year-over-year).
- 2019: Revenue of $500K, expenses of $470K, and assets of $187K (revenue +13.8% year-over-year).
- 2018: Revenue of $439K, expenses of $608K, and assets of $217K (revenue -53.5% year-over-year).
- 2017: Revenue of $944K, expenses of $978K, and assets of $477K (revenue -0.4% year-over-year).
- 2016: Revenue of $947K, expenses of $1.3M, and assets of $402K (revenue +19.6% year-over-year).
- 2015: Revenue of $792K, expenses of $727K, and assets of $364K (revenue +23.7% year-over-year).
- 2014: Revenue of $640K, expenses of $631K, and assets of $301K.
- 2013: Revenue of $0, expenses of $0, and assets of $1.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Salisbury Rowan County Convention &Visitors Bureau Inc:
Data Sources and Methodology
This transparency report for Salisbury Rowan County Convention &Visitors Bureau 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.