Tolovana Arts Colony
Tolovana Arts Colony shows strong revenue growth and asset accumulation with no reported officer compensation.
EIN: 203451097 · Cannon Beach, OR · NTEE: A25 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $147K |
| Total Expenses | $123K |
| Program Spending | 85% |
| Net Assets | $124K |
| Transparency Score | 90/100 |
Is Tolovana Arts Colony Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Tolovana Arts Colony directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Tolovana Arts Colony
Tolovana Arts Colony (EIN: 203451097) is a nonprofit organization based in Cannon Beach, OR, classified under NTEE code A25. The organization reported total revenue of $147K and total assets of $156K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Tolovana Arts Colony's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Tolovana Arts Colony is a small nonprofit that has been operating for 19 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 5.7%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $142K |
| Total Expenses | $123K |
| Surplus / Deficit | +$19K |
| Total Assets | $124K |
| Total Liabilities | $196 |
| Net Assets | $124K |
| Operating Margin | 13.4% |
| Debt-to-Asset Ratio | 0.2% |
| Months of Reserves | 12.2 months |
Financial Health Grade: A
In 2024, Tolovana Arts Colony reported a surplus of $19K with revenue exceeding expenses, holds 12.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.2% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Tolovana Arts Colony's revenue has grown at a compound annual growth rate (CAGR) of 5.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +53.6% | +35.5% | +18.3% |
| 2023 | +161.9% | +321.6% | +0.5% |
| 2022 | +23.1% | -41.5% | +15.2% |
| 2021 | -9.8% | -11.3% | -8.2% |
| 2020 | -59.5% | -41.9% | -8.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2100 |
| IRS Ruling Date | 2007 |
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 Tolovana Arts Colony with a Mission Score of 90 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: 15%
- programs: 85%
- fundraising: 0%
According to IRS 990 filings, Tolovana Arts Colony allocates its expenses as follows: admin: 15%, programs: 85%, fundraising: 0%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $19K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.2%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating a volunteer-led organization or one where leadership is compensated through other means not classified as officer compensation, which is highly efficient for an organization of its size.
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 Tolovana Arts Colony's IRS 990 filings:
- First reported liabilities in 202408 filing ($196), though small, warrants monitoring.
Strengths
The following positive indicators were identified for Tolovana Arts Colony:
- Strong and consistent revenue growth, particularly in recent periods (e.g., $141,899 in 202408).
- Consistent asset growth over time, from $31,649 in 201508 to $124,483 in 202408.
- 0% officer compensation reported across all filings, indicating high efficiency and volunteer leadership.
- Expenses consistently lower than revenue, leading to financial surpluses and asset accumulation.
- Long history of IRS 990 filings (14 filings), demonstrating transparency and compliance.
Frequently Asked Questions about Tolovana Arts Colony
Is Tolovana Arts Colony a legitimate charity?
Based on AI analysis of IRS 990 filings, Tolovana Arts Colony (EIN: 203451097) some concerns. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
How does Tolovana Arts Colony spend its money?
Tolovana Arts Colony directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Tolovana Arts Colony tax-deductible?
Tolovana Arts Colony is registered as a tax-exempt nonprofit (EIN: 203451097). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Tolovana Arts Colony compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Tolovana Arts Colony is above average for NTEE category A25 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Tolovana Arts Colony located?
Tolovana Arts Colony is headquartered in Cannon Beach, Oregon and files with the IRS under EIN 203451097. It is classified under NTEE code A25.
How many years of IRS 990 filings does Tolovana Arts Colony have?
Tolovana Arts Colony 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 $147K in total revenue.
Is Tolovana Arts Colony a good charity?
Based on the provided IRS 990 data, Tolovana Arts Colony appears to be a good charity. It demonstrates strong financial health with growing revenue and assets, consistently spends less than it earns, and reports 0% officer compensation, indicating a high degree of efficiency and dedication to its mission.
How has Tolovana Arts Colony's revenue changed over time?
Tolovana Arts Colony has experienced significant revenue growth, particularly in recent years. Revenue increased from $31,759 in 202008 to $141,899 in 202408, showing a substantial upward trend.
What is the organization's approach to executive compensation?
The organization consistently reports 0% officer compensation across all 14 filings, suggesting a volunteer-driven leadership model or that executive roles are not compensated in a manner that requires reporting as officer compensation on the 990.
Filing History
IRS 990 filing history for Tolovana Arts Colony showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Tolovana Arts Colony's revenue has grown by 104.4%, moving from $69K to $142K. Total assets increased by 486% over the same period, from $21K to $124K. Total functional expenses rose by 100.3%, from $61K to $123K. In its most recent filing year (2024), Tolovana Arts Colony reported a surplus of $19K, with revenue exceeding expenses. The organization holds $196 in liabilities against $124K in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $124K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $142K | $123K | $124K | $196 | — | — |
| 2023 | $92K | $91K | $105K | $0 | — | View 990 |
| 2022 | $35K | $21K | $105K | $0 | — | View 990 |
| 2021 | $29K | $37K | $91K | $0 | — | View 990 |
| 2020 | $32K | $41K | $99K | $0 | — | View 990 |
| 2019 | $78K | $71K | $109K | $0 | — | View 990 |
| 2018 | $86K | $64K | $103K | $0 | — | View 990 |
| 2017 | $69K | $51K | $81K | $0 | — | View 990 |
| 2016 | $81K | $51K | $63K | $0 | — | View 990 |
| 2015 | $71K | $53K | $32K | $0 | — | View 990 |
| 2014 | $40K | $48K | $13K | $0 | — | View 990 |
| 2013 | $56K | $63K | $22K | $0 | — | View 990 |
| 2012 | $53K | $45K | $29K | $0 | — | View 990 |
| 2011 | $69K | $61K | $21K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $142K, expenses of $123K, and assets of $124K (revenue +53.6% year-over-year).
- 2023: Revenue of $92K, expenses of $91K, and assets of $105K (revenue +161.9% year-over-year).
- 2022: Revenue of $35K, expenses of $21K, and assets of $105K (revenue +23.1% year-over-year).
- 2021: Revenue of $29K, expenses of $37K, and assets of $91K (revenue -9.8% year-over-year).
- 2020: Revenue of $32K, expenses of $41K, and assets of $99K (revenue -59.5% year-over-year).
- 2019: Revenue of $78K, expenses of $71K, and assets of $109K (revenue -8.9% year-over-year).
- 2018: Revenue of $86K, expenses of $64K, and assets of $103K (revenue +24.6% year-over-year).
- 2017: Revenue of $69K, expenses of $51K, and assets of $81K (revenue -15.3% year-over-year).
- 2016: Revenue of $81K, expenses of $51K, and assets of $63K (revenue +14.5% year-over-year).
- 2015: Revenue of $71K, expenses of $53K, and assets of $32K (revenue +80.0% year-over-year).
- 2014: Revenue of $40K, expenses of $48K, and assets of $13K (revenue -29.4% year-over-year).
- 2013: Revenue of $56K, expenses of $63K, and assets of $22K (revenue +6.5% year-over-year).
- 2012: Revenue of $53K, expenses of $45K, and assets of $29K (revenue -24.3% year-over-year).
- 2011: Revenue of $69K, expenses of $61K, and assets of $21K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Tolovana Arts Colony:
Data Sources and Methodology
This transparency report for Tolovana Arts Colony 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.