The Business Council of the Roanoke Blacksburg Region Inc

Nonprofit profile at a glance

EIN
621377166
IRS 990-EZ coverage
2023–2024
Forms available
Form 990-EZ 2024
Location
Roanoke, VA, USA
Phone
5406822101
Rating
85
Verdict
STRONG
Rating confidence
Moderate

Reported finances

Revenue
$21,006
Expenses
$28,724
Assets
$72,538

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

11 people listed

People named in this filing

  • John Dooley (Chair)
  • Debbie Petrine (Vice Chair)
  • Eric Sichau (Sec/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 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Promoting the business and growth of business in the Roanoke-Blacksburg, Virginia region.

What it reported doing in 2024

The Business Council holds meetings several times a year (6), to examine and discuss issues of interest to local businesses. These meetings are meant to stimulate ideas for business and the local economy, foster understanding and cooperation between business and government, and provide a vehicle for meaningful dialog about matters relevant to business and workers who make those businesses thrive in the region.

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 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 program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 100
  • Transparency & Controls: 82
  • Sustainability: 35
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 99%; rating input score 99

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -36.7%; rating input score 16; 16th percentile among comparable filings
  • Total-asset coverage ratio: 2.53; rating input score 71; 71st 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: -31.3% per year; rating input score 0; 13th percentile among comparable filings
  • Revenue growth: -3.1% per year; rating input score 0; 40th percentile among comparable filings
  • Asset growth: -10.1% per year; rating input score 0; 17th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 99% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $28K in reported program spending
  • Leadership: top reported pay $0 · 11 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 1 filed schedules
  • Filing history: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • 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 16/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.