Vermillion Civic Council Inc
EIN: 460319678 · Vermillion, SD
| Metric | Value |
|---|---|
| Total Revenue | $227K |
| Total Expenses | $271K |
| Net Assets | $55K |
Is Vermillion Civic Council Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Vermillion Civic Council Inc
Vermillion Civic Council Inc (EIN: 460319678) is a nonprofit organization based in Vermillion, SD. The organization reported total revenue of $227K and total assets of $72K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Vermillion Civic Council Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Vermillion Civic Council Inc is a small nonprofit that has been operating for 50 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 3.8%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $258K |
| Total Expenses | $271K |
| Surplus / Deficit | $-13,484 |
| Total Assets | $83K |
| Total Liabilities | $28K |
| Net Assets | $55K |
| Operating Margin | -5.2% |
| Debt-to-Asset Ratio | 33.7% |
| Months of Reserves | 3.7 months |
Financial Health Grade: B
In 2024, Vermillion Civic Council Inc reported a deficit of $13K with expenses exceeding revenue, holds 3.7 months of operating reserves (adequate), has a debt-to-asset ratio of 33.7% (moderate leverage).
Financial Trends
Over 13 years of filings (2012–2024), Vermillion Civic Council Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +16.2% | +30.1% | -1.4% |
| 2023 | +15.1% | +11.2% | -42.2% |
| 2022 | +26.3% | +13.6% | +3.7% |
| 2021 | -10.6% | -3.3% | +12.4% |
| 2020 | +4.1% | +12.2% | -0.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1976 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Vermillion Civic Council 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 Vermillion Civic Council 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 deficit of $13K, with expenses exceeding revenue.
- Debt-to-asset ratio: 33.7%.
Frequently Asked Questions about Vermillion Civic Council Inc
Is Vermillion Civic Council Inc a legitimate charity?
Vermillion Civic Council Inc (EIN: 460319678) is a registered tax-exempt nonprofit based in South Dakota. It has 13 years of IRS 990 filings on record. Total revenue: $227K. No red flags identified. Financial health grade: B.
How does Vermillion Civic Council Inc spend its money?
Vermillion Civic Council Inc reported $227K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Vermillion Civic Council Inc tax-deductible?
Vermillion Civic Council Inc is registered as a tax-exempt nonprofit (EIN: 460319678). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Vermillion Civic Council Inc located?
Vermillion Civic Council Inc is headquartered in Vermillion, South Dakota and files with the IRS under EIN 460319678.
How many years of IRS 990 filings does Vermillion Civic Council Inc have?
Vermillion Civic Council 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 $227K in total revenue.
Filing History
IRS 990 filing history for Vermillion Civic Council Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Vermillion Civic Council Inc's revenue has grown by 57.3%, moving from $164K to $258K. Total assets decreased by 50.5% over the same period, from $167K to $83K. Total functional expenses rose by 103.4%, from $133K to $271K. In its most recent filing year (2024), Vermillion Civic Council Inc reported a deficit of $13K, with expenses exceeding revenue. The organization holds $28K in liabilities against $83K in assets (debt-to-asset ratio: 33.7%), resulting in net assets of $55K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $258K | $271K | $83K | $28K | — | — |
| 2023 | $222K | $209K | $84K | $28K | — | View 990 |
| 2022 | $193K | $188K | $145K | $28K | — | View 990 |
| 2021 | $153K | $165K | $140K | $28K | — | — |
| 2020 | $171K | $171K | $124K | $0 | — | View 990 |
| 2019 | $164K | $152K | $124K | $0 | — | View 990 |
| 2018 | $160K | $171K | $113K | $0 | — | View 990 |
| 2017 | $209K | $211K | $132K | $0 | — | View 990 |
| 2016 | $175K | $178K | $134K | $0 | — | View 990 |
| 2015 | $156K | $166K | $137K | $0 | — | View 990 |
| 2014 | $157K | $168K | $147K | $0 | — | View 990 |
| 2013 | $156K | $165K | $158K | $0 | — | View 990 |
| 2012 | $164K | $133K | $167K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $258K, expenses of $271K, and assets of $83K (revenue +16.2% year-over-year).
- 2023: Revenue of $222K, expenses of $209K, and assets of $84K (revenue +15.1% year-over-year).
- 2022: Revenue of $193K, expenses of $188K, and assets of $145K (revenue +26.3% year-over-year).
- 2021: Revenue of $153K, expenses of $165K, and assets of $140K (revenue -10.6% year-over-year).
- 2020: Revenue of $171K, expenses of $171K, and assets of $124K (revenue +4.1% year-over-year).
- 2019: Revenue of $164K, expenses of $152K, and assets of $124K (revenue +2.1% year-over-year).
- 2018: Revenue of $160K, expenses of $171K, and assets of $113K (revenue -23.1% year-over-year).
- 2017: Revenue of $209K, expenses of $211K, and assets of $132K (revenue +19.1% year-over-year).
- 2016: Revenue of $175K, expenses of $178K, and assets of $134K (revenue +12.6% year-over-year).
- 2015: Revenue of $156K, expenses of $166K, and assets of $137K (revenue -0.9% year-over-year).
- 2014: Revenue of $157K, expenses of $168K, and assets of $147K (revenue +0.9% year-over-year).
- 2013: Revenue of $156K, expenses of $165K, and assets of $158K (revenue -5.0% year-over-year).
- 2012: Revenue of $164K, expenses of $133K, and assets of $167K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Vermillion Civic Council Inc:
Data Sources and Methodology
This transparency report for Vermillion Civic Council 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.