Is Winona Steamboat Days Festival Association Legit?

Quick charity verification for Winona Steamboat Days Festival Association (EIN: 20549576)

Verdict: Winona Steamboat Days Festival Association appears trustworthy

92/100Mission Score
$200KRevenue
$60KAssets
0Red Flags
5Strengths

No red flags identified.

Strengths

Spending Breakdown

How Winona Steamboat Days Festival Association allocates its funds across programs, administration, and fundraising.

95%
Program Spending
Healthy — majority goes to mission
4%
Admin Costs
Reasonable — admin costs in check
1%
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 Winona Steamboat Days Festival Association

Is Winona Steamboat Days Festival Association a legitimate charity?

Based on AI analysis of IRS 990 filings, Winona Steamboat Days Festival Association (EIN: 20549576) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.

Is Winona Steamboat Days Festival Association a good charity to donate to?

Winona Steamboat Days Festival Association has a Mission Score of 92/100. Revenue: $200K. Assets: $60K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Winona Steamboat Days Festival Association?

The Employer Identification Number (EIN) for Winona Steamboat Days Festival Association is 20549576. 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 Winona Steamboat Days Festival Association spend its money?

Winona Steamboat Days Festival Association allocates 95% to programs, 4% to administration, and 1% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Winona Steamboat Days Festival Association's tax-exempt status?

You can verify Winona Steamboat Days Festival Association's tax-exempt status using EIN 20549576 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 Winona Steamboat Days Festival Association demonstrates consistent financial activity, primarily focused on organizing its annual festival. Over the past five years, revenues have fluctuated, with a notable dip in 2020 due to the pandemic, but have since rebounded to pre-pandemic levels, reaching $230,024 in 2023. The organization consistently spends nearly all its revenue on expenses, indicating a lean operational model. For instance, in 2023, expenses were $221,557 against revenues of $230,024, resulting in a modest surplus. This suggests that the organization is efficient in utilizing its funds for its stated purpose, which is to host the festival. Their asset base has shown growth, from $60,518 in 2019 to $114,077 in 2023, indicating some financial stability and accumulation of reserves. Liabilities have remained very low or zero in most years, suggesting good financial management and minimal debt. The absence of officer compensation further reinforces a volunteer-driven model, which can contribute to higher program spending efficiency. Overall, the association appears financially healthy and transparent, with a clear focus on its mission.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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