Asheville Buncombe Hotel Association
Nonprofit profile at a glance
- EIN
- 872453771
- IRS 990-EZ coverage
- 2023–2024
- Forms available
- Form 990-EZ 2024
- Location
- Asheville, NC, USA
- Phone
- 9548184976
- Rating
- 86
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Hotels (except Casino Hotels) & Motels
Reported finances
- Revenue
- $55,270
- Expenses
- $81,404
- Assets
- $133,608
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- MICHAEL LUSICK (PRESIDENT)
- ROBERT FOSTER (PRESIDENT-ELECT/VICE PRESI)
- RICK BELL (EXECUTIVE DIRECTOR)
People named in this filing
- GARY FROEBA (BOARD MEMBER)
- MONARK PATEL (BOARD MEMBER)
- HP PATEL (BOARD MEMBER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The purpose of asheville buncombe hotel association is to promote the interests of the hotel industry in the city of asheville and the county of buncombe, North Carolina, to bring members into closer personal and friendly relations with each other, to exchange ideas on operational matters, to advance and maintain enlighted understanding on the part of regulatory bodies and the public of the hotel industry's challenges, and to acquire and disseminate useful business information, subjected to applicable law.
What it reported doing in 2024
Asheville buncombe hotel association holds quarterly general membership meetings, hosting presentations on issues and opportunities for members. Asheville buncombe hotel association also represents member hotels during conversations with local elected officials, other business associations, and interested parties about political and business issues.
Operating model
- Revenue model
- Membership-supported. 100% of the money available for current operations came from membership dues.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 75% for direct work, and 25% for grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 100
- Transparency & Controls: 82
- Sustainability: 32
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -47.3%; rating input score 13; 13th percentile among comparable filings
- Total-asset coverage ratio: 1.64; rating input score 60; 60th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
- Officer compensation ratio: 53.2%; rating input score 3; 3rd percentile among comparable filings
Growth
- Program expense growth: 97% per year; rating input score 100; 97th percentile among comparable filings
- Revenue growth: -56.1% per year; rating input score 0; 5th percentile among comparable filings
- Asset growth: -17.8% per year; rating input score 0; 11th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $81K in reported program spending
- Leadership: top reported pay $0 · 11 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 1 filed schedules
- Filing history: 2 filing years from 2023 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 13/100.
- High — Growth: Revenue growth scored 0/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 3/100.