Marion Downtown Revitalization Association Inc

Nonprofit profile at a glance

EIN
541671339
IRS 990-EZ coverage
2018–2025
Forms available
Form 990-EZ 2025, Form 990-N 2024
Location
Marion, VA, USA
Phone
2767834190
Rating
87
Verdict
STRONG
Rating confidence
Moderate
Sector
Economic Development

Reported finances

Revenue
$56,987
Expenses
$78,521
Assets
$52,482

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

13 people listed

Executive titles in this filing

  • REX ANDERS (PRESIDENT)

People named in this filing

  • REX ANDERS (PRESIDENT)
  • BRIAN REED (VP/ TREASURE)
  • ANN SAUFLEY (SECRETARY)

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 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To identify areas of improvement in downtown marion and work with the local government, businesses and residents to make downtown marion an attractive place to live, work and shop. By enhancing the downtown's appearance, creating an atmosphere where the residents feel safe, the preservation and public education of the distr ict's historical characteristics, providing assistance to businesses and the ongoing effort to attracting a variety of new businesses.

What it reported doing in 2025

The objectives of marion downtown revitalization, inc. (association) are to identify areas of improvement in downtown marion and work with the local government, businesses and residents to make downtown marion an attractive place to live, work and shop by enhancing the downtown's appearance, creating an atmosphere where the residents and visitors feel safe and by contributing to the preservation of the district's historical characteristics. The association will provide assistance to the downtown district in the ongoing effort of attracting a variety of new businesses. The association shall be conducted as a nonprofit organization, and no part of the profit (if any) of the association shall inure to the benefit of any member or other person.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

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 total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 98
  • Transparency & Controls: 82
  • Sustainability: 25
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 94%; rating input score 94

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -37.8%; rating input score 15; 15th percentile among comparable filings
  • Total-asset coverage ratio: 0.67; rating input score 38; 38th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 18.2% per year; rating input score 100; 80th percentile among comparable filings
  • Revenue growth: 19.2% per year; rating input score 100; 89th percentile among comparable filings
  • Asset growth: -3.3% per year; rating input score 0; 28th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 94% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $74K in reported program spending
  • Leadership: top reported pay $0 · 13 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 5 filing years from 2018 to 2025
  • Contacts: How to reach this organization
  • 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 15/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 38/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.