Is Twin State American Saddlebred Association Legit?
Quick charity verification for Twin State American Saddlebred Association (EIN: 20405058)
Verdict: Twin State American Saddlebred Association appears trustworthy
95/100Mission Score
$330KRevenue
$226KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent revenue growth, from $196,241 in 2014 to $344,574 in 2023.
Strong asset growth, increasing from $89,709 in 2014 to $210,898 in 2023.
Zero liabilities reported across all filings, indicating excellent financial stability and no debt.
0% officer compensation, demonstrating a volunteer-driven model and efficient use of funds.
Consistent operating surpluses in most years, showing effective expense management.
Spending Breakdown
How Twin State American Saddlebred Association allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
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 Twin State American Saddlebred Association
Is Twin State American Saddlebred Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Twin State American Saddlebred Association (EIN: 20405058) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
Is Twin State American Saddlebred Association a good charity to donate to?
Twin State American Saddlebred Association has a Mission Score of 95/100. Revenue: $330K. Assets: $226K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Twin State American Saddlebred Association?
The Employer Identification Number (EIN) for Twin State American Saddlebred Association is 20405058. 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 Twin State American Saddlebred Association spend its money?
Twin State American Saddlebred Association allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Twin State American Saddlebred Association's tax-exempt status?
You can verify Twin State American Saddlebred Association's tax-exempt status using EIN 20405058 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
Twin State American Saddlebred Association demonstrates consistent financial health with a positive trend in revenue and assets over the past decade. In the latest filing (202312), the organization reported revenue of $344,574 against expenses of $310,821, resulting in a surplus that contributed to an increase in assets to $210,898. This growth is notable, especially when compared to 201412, where revenue was $196,241 and assets were $89,709. The organization consistently reports zero liabilities, indicating strong financial management and a lack of debt, which is a significant positive indicator of stability.
The spending efficiency appears strong, as evidenced by the consistent surpluses in most years, suggesting that expenses are well-managed relative to income. The absence of officer compensation reported across all filings indicates that the organization is likely run by volunteers, which significantly reduces administrative overhead and allows a greater proportion of funds to be directed towards its mission. This volunteer-driven model inherently boosts spending efficiency and transparency, as there are no high executive salaries to scrutinize.
Transparency is high given the consistent filing of IRS Form 990s and the clear financial picture presented. The lack of officer compensation further enhances transparency by removing a common area of concern for donors. The organization's ability to grow its assets from $89,709 in 2014 to $210,898 in 2023, while maintaining zero liabilities, reflects prudent financial stewardship and a strong commitment to its mission without incurring debt.