Walter Clore Wine & Culinary Center
EIN: 450480666 · Prosser, WA · NTEE: A50
| Metric | Value |
|---|---|
| Total Revenue | $679K |
| Total Expenses | $477K |
| Net Assets | $-109,537 |
Is Walter Clore Wine & Culinary Center Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Walter Clore Wine & Culinary Center
Walter Clore Wine & Culinary Center (EIN: 450480666) is a nonprofit organization based in Prosser, WA, classified under NTEE code A50. The organization reported total revenue of $679K and total assets of $275K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Walter Clore Wine & Culinary Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Walter Clore Wine & Culinary Center is a small nonprofit that has been operating for 22 years, with 8 years of IRS 990 filings on record (2011–2018). Revenue has grown at a compound annual rate of 20.3%.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
| Total Revenue | $416K |
| Total Expenses | $477K |
| Surplus / Deficit | $-60,963 |
| Total Assets | $275K |
| Total Liabilities | $384K |
| Net Assets | $-109,537 |
| Operating Margin | -14.7% |
| Debt-to-Asset Ratio | 139.9% |
| Months of Reserves | 6.9 months |
Financial Health Grade: C
In 2018, Walter Clore Wine & Culinary Center reported a deficit of $61K with expenses exceeding revenue, holds 6.9 months of operating reserves (strong position), has a debt-to-asset ratio of 139.9% (high leverage).
Financial Trends
Over 8 years of filings (2011–2018), Walter Clore Wine & Culinary Center's revenue has grown at a compound annual growth rate (CAGR) of 20.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2018 | -6.4% | -6.8% | -10.6% |
| 2017 | +10.7% | +1.4% | -13.1% |
| 2016 | +0.8% | +16.8% | -30.6% |
| 2015 | -19.9% | -0.9% | -15.4% |
| 2014 | +287.5% | +257.3% | -27.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Walter Clore Wine & Culinary Center 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 Walter Clore Wine & Culinary Center 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 (2018)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $61K, with expenses exceeding revenue.
- Debt-to-asset ratio: 139.9%.
Frequently Asked Questions about Walter Clore Wine & Culinary Center
Is Walter Clore Wine & Culinary Center a legitimate charity?
Based on AI analysis of IRS 990 filings, Walter Clore Wine & Culinary Center (EIN: 450480666) insufficient data. 0 red flags identified, 0 strengths noted.
How does Walter Clore Wine & Culinary Center spend its money?
Detailed spending breakdown data is not yet available for Walter Clore Wine & Culinary Center. Check back for updated IRS 990 analysis.
Are donations to Walter Clore Wine & Culinary Center tax-deductible?
Walter Clore Wine & Culinary Center is registered as a tax-exempt nonprofit (EIN: 450480666). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Walter Clore Wine & Culinary Center located?
Walter Clore Wine & Culinary Center is headquartered in Prosser, Washington and files with the IRS under EIN 450480666. It is classified under NTEE code A50.
How many years of IRS 990 filings does Walter Clore Wine & Culinary Center have?
Walter Clore Wine & Culinary Center has 8 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 $679K in total revenue.
Filing History
IRS 990 filing history for Walter Clore Wine & Culinary Center showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2011–2018), Walter Clore Wine & Culinary Center's revenue has grown by 264%, moving from $114K to $416K. Total assets decreased by 81.4% over the same period, from $1.5M to $275K. Total functional expenses rose by 2.1%, from $467K to $477K. In its most recent filing year (2018), Walter Clore Wine & Culinary Center reported a deficit of $61K, with expenses exceeding revenue. The organization holds $384K in liabilities against $275K in assets (debt-to-asset ratio: 139.9%), resulting in net assets of $-109,537.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2018 | $416K | $477K | $275K | $384K | — | View 990 |
| 2017 | $445K | $512K | $307K | $356K | — | View 990 |
| 2016 | $402K | $505K | $353K | $334K | — | View 990 |
| 2015 | $398K | $432K | $509K | $427K | — | View 990 |
| 2014 | $497K | $437K | $602K | $362K | — | View 990 |
| 2013 | $128K | $122K | $832K | $330K | — | View 990 |
| 2012 | $138K | $112K | $821K | $325K | — | View 990 |
| 2011 | $114K | $467K | $1.5M | $324K | — | View 990 |
Year-by-Year Financial Summary
- 2018: Revenue of $416K, expenses of $477K, and assets of $275K (revenue -6.4% year-over-year).
- 2017: Revenue of $445K, expenses of $512K, and assets of $307K (revenue +10.7% year-over-year).
- 2016: Revenue of $402K, expenses of $505K, and assets of $353K (revenue +0.8% year-over-year).
- 2015: Revenue of $398K, expenses of $432K, and assets of $509K (revenue -19.9% year-over-year).
- 2014: Revenue of $497K, expenses of $437K, and assets of $602K (revenue +287.5% year-over-year).
- 2013: Revenue of $128K, expenses of $122K, and assets of $832K (revenue -7.0% year-over-year).
- 2012: Revenue of $138K, expenses of $112K, and assets of $821K (revenue +20.8% year-over-year).
- 2011: Revenue of $114K, expenses of $467K, and assets of $1.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Walter Clore Wine & Culinary Center:
Data Sources and Methodology
This transparency report for Walter Clore Wine & Culinary Center 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.