Is National Association Of Charterboat Operatos Inc Legit?
Quick charity verification for National Association Of Charterboat Operatos Inc (EIN: 20576582)
Verdict: National Association Of Charterboat Operatos Inc shows mixed signals
60/100Mission Score
$23KRevenue
$86KAssets
3Red Flags
3Strengths
Red Flags
Significant operating deficit in the latest fiscal year (202312) with expenses ($136,021) vastly exceeding revenue ($23,385).
Highly volatile revenue streams, with a sharp drop from $145,907 in 202212 to $23,385 in 202312.
Fluctuating liabilities, indicating potential inconsistencies in financial management or significant operational changes.
Strengths
Consistent reporting of 0% officer compensation, indicating a commitment to minimizing executive overhead.
Maintained an asset base ($85,649 in 202312) that generally exceeds liabilities ($50,967 in 202312), despite recent financial challenges.
Long history of consistent IRS 990 filings (13 filings), demonstrating transparency in reporting.
Spending Breakdown
How National Association Of Charterboat Operatos Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
5%
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 National Association Of Charterboat Operatos Inc
Is National Association Of Charterboat Operatos Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, National Association Of Charterboat Operatos Inc (EIN: 20576582) shows mixed signals. Mission Score: 60/100. 3 red flags identified, 3 strengths noted.
Is National Association Of Charterboat Operatos Inc a good charity to donate to?
National Association Of Charterboat Operatos Inc has a Mission Score of 60/100. Revenue: $23K. Assets: $86K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for National Association Of Charterboat Operatos Inc?
The Employer Identification Number (EIN) for National Association Of Charterboat Operatos Inc is 20576582. 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 National Association Of Charterboat Operatos Inc spend its money?
National Association Of Charterboat Operatos Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify National Association Of Charterboat Operatos Inc's tax-exempt status?
You can verify National Association Of Charterboat Operatos Inc's tax-exempt status using EIN 20576582 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
The National Association Of Charterboat Operators Inc (NACBO) exhibits inconsistent financial performance over the past several years. While the organization generally maintains a healthy asset base relative to its revenue, the latest filing (202312) shows a significant deficit, with expenses of $136,021 far exceeding revenue of $23,385. This marks a substantial decline from the previous year's surplus (202212: Revenue $145,907, Expenses $94,047). The organization's liabilities have also fluctuated, reaching a high of $104,473 in 202112 before decreasing to $50,967 in 202312. The consistent reporting of 0% officer compensation suggests a volunteer-driven or very lean executive structure, which can be a positive indicator of efficiency, though detailed program spending data is not provided in the summary to fully assess spending efficiency.
NACBO's financial health appears to be in a precarious state based on the most recent filing, with a substantial net loss. While prior years showed more stable operations, the sharp drop in revenue and increase in expenses in 2023 raises concerns about sustainability. The lack of officer compensation across all reported periods indicates a commitment to minimizing administrative overhead in that specific area. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories, a comprehensive assessment of spending efficiency and program focus is challenging. The organization's transparency is generally good through its consistent 990 filings, but the financial volatility warrants closer examination.