Thief River Falls Convention & Visitors Bureau Inc
Thief River Falls Convention & Visitors Bureau consistently operates near break-even with no officer compensation.
EIN: 10872302 · Thief Rvr Fls, MN · NTEE: S41 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $169K |
| Total Expenses | $151K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $150,000. |
| Net Assets | $54K |
| Transparency Score | 85/100 |
Is Thief River Falls Convention & Visitors Bureau Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Thief River Falls Convention & Visitors Bureau Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Thief River Falls Convention & Visitors Bureau Inc
Thief River Falls Convention & Visitors Bureau Inc (EIN: 10872302) is a nonprofit organization based in Thief Rvr Fls, MN, classified under NTEE code S41. The organization reported total revenue of $169K and total assets of $96K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Thief River Falls Convention & Visitors Bureau Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Thief River Falls Convention & Visitors Bureau Inc is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $151K |
| Total Expenses | $151K |
| Surplus / Deficit | $-81 |
| Total Assets | $54K |
| Total Liabilities | $173 |
| Net Assets | $54K |
| Operating Margin | -0.1% |
| Debt-to-Asset Ratio | 0.3% |
| Months of Reserves | 4.3 months |
Financial Health Grade: B
In 2023, Thief River Falls Convention & Visitors Bureau Inc reported a deficit of $81 with expenses exceeding revenue, holds 4.3 months of operating reserves (adequate), has a debt-to-asset ratio of 0.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Thief River Falls Convention & Visitors Bureau Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.5% | -12.0% | +0.2% |
| 2022 | -8.5% | +1.5% | -31.4% |
| 2021 | +29.9% | +73.9% | -6.9% |
| 2020 | -16.9% | -18.4% | +48.5% |
| 2019 | +13.5% | +3.3% | +122.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| 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 Thief River Falls Convention & Visitors Bureau 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, Thief River Falls Convention & Visitors Bureau 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 deficit of $81, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.3%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries from the organization, which is highly commendable for an organization of its size with annual revenues around $150,000.
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 Thief River Falls Convention & Visitors Bureau Inc's IRS 990 filings:
- Occasional deficit spending, such as $22,927 in 2022, could indicate reliance on prior surpluses or future revenue to cover costs.
Strengths
The following positive indicators were identified for Thief River Falls Convention & Visitors Bureau Inc:
- Consistent 0% officer compensation, indicating high efficiency and dedication of funds to mission.
- Regular IRS 990 filings over 13 periods demonstrate strong transparency and compliance.
- Stable revenue streams, consistently around $120,000-$160,000 annually, providing predictable funding.
- Assets have shown growth over time, from $7,049 in 2017 to $54,120 in 2023, indicating increasing financial stability.
Frequently Asked Questions about Thief River Falls Convention & Visitors Bureau Inc
Is Thief River Falls Convention & Visitors Bureau Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Thief River Falls Convention & Visitors Bureau Inc (EIN: 10872302) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Thief River Falls Convention & Visitors Bureau Inc spend its money?
Thief River Falls Convention & Visitors Bureau Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Thief River Falls Convention & Visitors Bureau Inc tax-deductible?
Thief River Falls Convention & Visitors Bureau Inc is registered as a tax-exempt nonprofit (EIN: 10872302). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Thief River Falls Convention & Visitors Bureau Inc CEO make?
Thief River Falls Convention & Visitors Bureau Inc's highest-compensated officer earns $150,000. annually. The organization reported $169K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Thief River Falls Convention & Visitors Bureau Inc's spending goes to programs?
Thief River Falls Convention & Visitors Bureau Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Thief River Falls Convention & Visitors Bureau Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Thief River Falls Convention & Visitors Bureau Inc is above average for NTEE category S41 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Thief River Falls Convention & Visitors Bureau Inc located?
Thief River Falls Convention & Visitors Bureau Inc is headquartered in Thief Rvr Fls, Minnesota and files with the IRS under EIN 10872302. It is classified under NTEE code S41.
How many years of IRS 990 filings does Thief River Falls Convention & Visitors Bureau Inc have?
Thief River Falls Convention & Visitors Bureau Inc has 13 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 $169K in total revenue.
Is Thief River Falls Convention & Visitors Bureau Inc a good charity?
Based on the available data, the organization appears to be a responsible steward of funds. It consistently reports 0% officer compensation, operates near break-even, and maintains a consistent filing history, all of which are positive indicators for a small nonprofit focused on its mission.
How does the organization manage its finances given its break-even operations?
The organization generally manages its finances by spending close to what it brings in each year. While there are occasional deficits (e.g., $22,927 in 2022) and surpluses (e.g., $27,846 in 2020), the overall trend is to utilize most of its revenue for its annual operations, rather than accumulating large reserves.
What is the trend in the organization's assets and liabilities?
Assets have generally increased over the past decade, from $7,049 in 2017 to $54,120 in 2023, indicating some growth in financial holdings. Liabilities have remained relatively low and fluctuated, with a notable $0 in 2022 and $173 in 2023, suggesting good financial management without significant debt.
Filing History
IRS 990 filing history for Thief River Falls Convention & Visitors Bureau Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Thief River Falls Convention & Visitors Bureau Inc's revenue has grown by 45.9%, moving from $103K to $151K. Total assets increased by 26.5% over the same period, from $43K to $54K. Total functional expenses rose by 30.1%, from $116K to $151K. In its most recent filing year (2023), Thief River Falls Convention & Visitors Bureau Inc reported a deficit of $81, with expenses exceeding revenue. The organization holds $173 in liabilities against $54K in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $54K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $151K | $151K | $54K | $173 | — | View 990 |
| 2022 | $149K | $171K | $54K | $0 | — | View 990 |
| 2021 | $162K | $169K | $79K | $2K | — | View 990 |
| 2020 | $125K | $97K | $85K | $909 | — | View 990 |
| 2019 | $150K | $119K | $57K | $1K | — | View 990 |
| 2018 | $133K | $115K | $26K | $1K | — | View 990 |
| 2017 | $117K | $117K | $7K | $0 | — | View 990 |
| 2016 | $120K | $143K | $7K | $0 | — | View 990 |
| 2015 | $150K | $136K | $30K | $0 | — | View 990 |
| 2014 | $135K | $150K | $17K | $0 | — | View 990 |
| 2013 | $127K | $132K | $32K | $0 | — | View 990 |
| 2012 | $122K | $128K | $37K | $0 | — | View 990 |
| 2011 | $103K | $116K | $43K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $151K, expenses of $151K, and assets of $54K (revenue +1.5% year-over-year).
- 2022: Revenue of $149K, expenses of $171K, and assets of $54K (revenue -8.5% year-over-year).
- 2021: Revenue of $162K, expenses of $169K, and assets of $79K (revenue +29.9% year-over-year).
- 2020: Revenue of $125K, expenses of $97K, and assets of $85K (revenue -16.9% year-over-year).
- 2019: Revenue of $150K, expenses of $119K, and assets of $57K (revenue +13.5% year-over-year).
- 2018: Revenue of $133K, expenses of $115K, and assets of $26K (revenue +13.1% year-over-year).
- 2017: Revenue of $117K, expenses of $117K, and assets of $7K (revenue -2.3% year-over-year).
- 2016: Revenue of $120K, expenses of $143K, and assets of $7K (revenue -19.9% year-over-year).
- 2015: Revenue of $150K, expenses of $136K, and assets of $30K (revenue +10.8% year-over-year).
- 2014: Revenue of $135K, expenses of $150K, and assets of $17K (revenue +6.8% year-over-year).
- 2013: Revenue of $127K, expenses of $132K, and assets of $32K (revenue +3.7% year-over-year).
- 2012: Revenue of $122K, expenses of $128K, and assets of $37K (revenue +18.2% year-over-year).
- 2011: Revenue of $103K, expenses of $116K, and assets of $43K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Thief River Falls Convention & Visitors Bureau Inc:
Data Sources and Methodology
This transparency report for Thief River Falls 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.