Vocational Opportunities Of Cherokee Inc
EIN: 561059214 · Cherokee, NC · NTEE: J30Z
Is Vocational Opportunities Of Cherokee Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Vocational Opportunities Of Cherokee Inc
Vocational Opportunities Of Cherokee Inc (EIN: 561059214) is a nonprofit organization based in Cherokee, NC, classified under NTEE code J30Z. The organization reported total revenue of $1.1M and total assets of $859K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Vocational Opportunities Of Cherokee Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Vocational Opportunities Of Cherokee Inc is a mid-size nonprofit that has been operating for 52 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $1.4M |
| Surplus / Deficit | $-224,992 |
| Total Assets | $954K |
| Total Liabilities | $209K |
| Net Assets | $745K |
| Operating Margin | -19.7% |
| Debt-to-Asset Ratio | 21.9% |
| Months of Reserves | 8.4 months |
Financial Health Grade: B
In 2023, Vocational Opportunities Of Cherokee Inc reported a deficit of $225K with expenses exceeding revenue, holds 8.4 months of operating reserves (strong position), has a debt-to-asset ratio of 21.9% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Vocational Opportunities Of Cherokee Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.8% | +17.4% | -14.8% |
| 2022 | +1.9% | +2.5% | -11.4% |
| 2021 | -4.6% | +3.7% | +0.3% |
| 2020 | -23.1% | -21.9% | -2.0% |
| 2019 | -14.8% | -1.2% | +4.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1974 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Vocational Opportunities Of Cherokee 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 Vocational Opportunities Of Cherokee 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 $225K, with expenses exceeding revenue.
- Debt-to-asset ratio: 21.9%.
Frequently Asked Questions about Vocational Opportunities Of Cherokee Inc
Is Vocational Opportunities Of Cherokee Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Vocational Opportunities Of Cherokee Inc (EIN: 561059214) insufficient data. 0 red flags identified, 0 strengths noted.
How does Vocational Opportunities Of Cherokee Inc spend its money?
Detailed spending breakdown data is not yet available for Vocational Opportunities Of Cherokee Inc. Check back for updated IRS 990 analysis.
Are donations to Vocational Opportunities Of Cherokee Inc tax-deductible?
Vocational Opportunities Of Cherokee Inc is registered as a tax-exempt nonprofit (EIN: 561059214). 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 Vocational Opportunities Of Cherokee Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Vocational Opportunities Of Cherokee Inc's revenue has declined by 10.4%, moving from $1.3M to $1.1M. Total assets increased by 186.7% over the same period, from $333K to $954K. Total functional expenses rose by 5.7%, from $1.3M to $1.4M. In its most recent filing year (2023), Vocational Opportunities Of Cherokee Inc reported a deficit of $225K, with expenses exceeding revenue. The organization holds $209K in liabilities against $954K in assets (debt-to-asset ratio: 21.9%), resulting in net assets of $745K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $1.4M | $954K | $209K | — | — |
| 2022 | $1.1M | $1.2M | $1.1M | $151K | — | — |
| 2021 | $1.0M | $1.1M | $1.3M | $221K | — | View 990 |
| 2020 | $1.1M | $1.1M | $1.3M | $137K | — | View 990 |
| 2019 | $1.4M | $1.4M | $1.3M | $147K | — | View 990 |
| 2018 | $1.7M | $1.4M | $1.2M | $124K | — | View 990 |
| 2017 | $1.8M | $1.5M | $1.0M | $129K | — | View 990 |
| 2016 | $1.5M | $1.3M | $687K | $106K | — | View 990 |
| 2015 | $1.3M | $1.2M | $459K | $107K | — | View 990 |
| 2014 | $1.4M | $1.2M | $325K | $73K | — | View 990 |
| 2013 | $1.1M | $1.0M | $220K | $128K | — | View 990 |
| 2012 | $1.3M | $1.3M | $232K | $202K | — | View 990 |
| 2011 | $1.3M | $1.3M | $333K | $379K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $1.4M, and assets of $954K (revenue +8.8% year-over-year).
- 2022: Revenue of $1.1M, expenses of $1.2M, and assets of $1.1M (revenue +1.9% year-over-year).
- 2021: Revenue of $1.0M, expenses of $1.1M, and assets of $1.3M (revenue -4.6% year-over-year).
- 2020: Revenue of $1.1M, expenses of $1.1M, and assets of $1.3M (revenue -23.1% year-over-year).
- 2019: Revenue of $1.4M, expenses of $1.4M, and assets of $1.3M (revenue -14.8% year-over-year).
- 2018: Revenue of $1.7M, expenses of $1.4M, and assets of $1.2M (revenue -9.5% year-over-year).
- 2017: Revenue of $1.8M, expenses of $1.5M, and assets of $1.0M (revenue +20.6% year-over-year).
- 2016: Revenue of $1.5M, expenses of $1.3M, and assets of $687K (revenue +17.4% year-over-year).
- 2015: Revenue of $1.3M, expenses of $1.2M, and assets of $459K (revenue -5.6% year-over-year).
- 2014: Revenue of $1.4M, expenses of $1.2M, and assets of $325K (revenue +27.1% year-over-year).
- 2013: Revenue of $1.1M, expenses of $1.0M, and assets of $220K (revenue -16.3% year-over-year).
- 2012: Revenue of $1.3M, expenses of $1.3M, and assets of $232K (revenue +0.6% year-over-year).
- 2011: Revenue of $1.3M, expenses of $1.3M, and assets of $333K.
Data Sources and Methodology
This transparency report for Vocational Opportunities Of Cherokee 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.