Mount Vernon Heritage Days Inc

Nonprofit profile at a glance

EIN: 680532788
IRS 990-EZ coverage: 2013–2020
Forms available: Form 990-EZ 2020
Location: Mt Vernon, IA, USA
Phone: 3198667037
Rating: 82
Verdict: STRONG
Rating confidence: Moderate
Sector: Fairs

Reported finances

Revenue: $35
Expenses: $5,344
Assets: $27,090

Source: IRS Form 990-EZ. Selected filing: tax year 2020. Amounts in USD.

Leadership & pay

2 people listed

Executive titles in this filing

JENNY HAMPTON (President)

People named in this filing

JENNY HAMPTON (President)
MICHELLE ZARUBA (Treasurer)

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 2020. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To organize and conduct an annual event called heritage days, that promotes the mount vernon community and raises funds to help support various community based charitable organizations.

What it reported doing in 2020

Organize and conduct family entertainment on the main stage at our annual event

Operating model

Revenue model: Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
Distribution model: Direct operator. The filing allocates 89% 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 program spending has declined or grown slowly.

Rating breakdown

Financial Efficiency: 94
Transparency & Controls: 82
Sustainability: 30
Growth: 20

Detailed rating inputs

Financial Efficiency

Mission deployment rate: 100%; rating input score 100
Program expense ratio: 83.5%; rating input score 84

Transparency & Controls

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

Sustainability

Operating margin: -15,168.6%; rating input score 1; 1st percentile among comparable filings
Total-asset coverage ratio: 5.07; rating input score 77; 77th 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: -16.5% per year; rating input score 0; 27th percentile among comparable filings
Revenue growth: -15.5% per year; rating input score 0; 25th percentile among comparable filings
Asset growth: 18.6% per year; rating input score 100; 84th percentile among comparable filings

Details

Where the money goes: 100% of revenue deployed · 83.5% of spending went to programs
Governance: Filed governance answers
Accomplishments: 5 filed program accomplishments · $4K in reported program spending
Leadership: top reported pay $0 · 2 people listed
Consistency: 7 of 7 current checks pass
Schedules: 2 filed schedules
Filing history: 8 filing years from 2013 to 2020
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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

High — Sustainability: Operating margin scored 1/100.
High — Growth: Program expense growth scored 0/100.
High — Growth: Revenue growth scored 0/100.
Review — Sustainability: Officer compensation ratio scored 56/100.
High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.