Is Door County Triathlon Inc Legit? —…

Spending Breakdown

How Door County Triathlon Inc allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

Admin Costs

Reasonable — admin costs in check

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Door County Triathlon Inc

Is Door County Triathlon Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Door County Triathlon Inc (EIN: 202362640) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.

Is Door County Triathlon Inc a good charity to donate to?

Door County Triathlon Inc has a Mission Score of 92/100. Revenue: $439K. Assets: $134K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Door County Triathlon Inc?

The Employer Identification Number (EIN) for Door County Triathlon Inc is 202362640. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Door County Triathlon Inc spend its money?

Door County Triathlon Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Door County Triathlon Inc's tax-exempt status?

You can verify Door County Triathlon Inc's tax-exempt status using EIN 202362640 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

Door County Triathlon Inc. demonstrates a generally stable financial position, with revenues consistently covering expenses in most recent years. For instance, in 2023, revenue was $399,979 against expenses of $386,387, indicating a surplus. The organization's assets have shown significant growth, increasing from $5,437 in 2022 to $113,312 in 2023, suggesting improved financial reserves. However, liabilities also increased substantially in 2023 to $94,337, which warrants monitoring, though assets still comfortably exceed liabilities.

The organization appears to be efficient in its operations, as evidenced by its consistent ability to manage expenses relative to revenue. The absence of reported officer compensation across all available filings indicates a strong commitment to directing funds towards its mission, rather than executive salaries. This also contributes positively to its transparency and public trust. While specific program spending ratios are not detailed in the provided data, the overall financial health suggests a well-managed entity.

Overall, Door County Triathlon Inc. exhibits sound financial management, with a healthy trend in asset growth and responsible expense control. The lack of executive compensation is a notable strength, enhancing its appeal as a transparent and mission-focused organization. The recent increase in liabilities should be observed, but does not currently pose a significant risk given the corresponding asset growth.

Is Door County Triathlon Inc Legit?

Verdict: Door County Triathlon Inc appears trustworthy

Red Flags

Strengths