Adaptive Sports Usa Inc

Adaptive Sports USA Inc. reports zero assets in latest filing after years of fluctuating revenue and expenses.

EIN: 112352035 · Charlotte, NC · NTEE: N40Z · Updated: 2026-03-28

$301KRevenue

$0Assets

65/100Mission Score (Good)

N40Z

About Adaptive Sports Usa Inc

Adaptive Sports Usa Inc (EIN: 112352035) is a nonprofit organization based in Charlotte, NC, classified under NTEE code N40Z. The organization reported total revenue of $301K and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Adaptive Sports Usa Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Adaptive Sports USA Inc. exhibits fluctuating financial health over the past decade. While the organization consistently reports revenue, expenses have often exceeded revenue, notably in 2020 where expenses were $346,719 against $301,376 in revenue, and in 2015 where expenses were $530,591 against $456,231 in revenue. This trend suggests potential reliance on prior year reserves or other funding sources to cover operational costs.

The organization's asset base has also seen significant changes, dropping from $635,694 in 2019 to $0 in 2020, which is a critical point for further investigation. The consistent reporting of 0% officer compensation across all filings indicates a volunteer-led or very lean executive structure, which can be a positive for program efficiency if other compensation is not hidden. However, the sudden disappearance of assets in the latest filing raises significant questions about financial stability and asset management.

Regarding transparency, the consistent filing of IRS Form 990s is a positive indicator. However, the dramatic shift in assets from a substantial amount to zero in a single year without corresponding liabilities in the latest filing period (2020) warrants a deeper look into the financial statements to understand the nature of this change. Without detailed expense breakdowns, it's challenging to fully assess spending efficiency beyond the overall revenue-to-expense ratio.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Adaptive Sports Usa Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 10%
programs: 80%
fundraising: 10%

According to IRS 990 filings, Adaptive Sports Usa Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, suggesting a volunteer-led organization or that executive roles are compensated through other means not categorized as officer compensation, which is unusual for an organization with revenues often exceeding $300,000.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Adaptive Sports Usa Inc's IRS 990 filings:

Sudden and complete disappearance of assets from $635,694 in 2019 to $0 in 2020 without corresponding liabilities.
Expenses frequently exceeding revenue, indicating potential operational deficits (e.g., 2020, 2016, 2015, 2014).
Consistent 0% officer compensation for an organization with significant revenue, which could mask other forms of compensation or indicate an unsustainable reliance on unpaid labor.
Fluctuating revenue streams over the decade, making long-term financial planning challenging.

Strengths

The following positive indicators were identified for Adaptive Sports Usa Inc:

Consistent filing of IRS Form 990s, indicating a commitment to regulatory transparency.
No reported officer compensation, suggesting a potentially lean administrative structure or strong volunteer engagement.
Long operational history with 10 years of filings, demonstrating resilience despite financial fluctuations.

Frequently Asked Questions about Adaptive Sports Usa Inc

What caused the organization's assets to drop from $635,694 in 2019 to $0 in 2020?

The IRS 990 data shows a dramatic decrease in assets, but the specific reasons for this change are not detailed in the summary provided and would require reviewing the full financial statements for the 2020 period.

How does Adaptive Sports USA Inc. cover its expenses when they exceed revenue, as seen in 2020 ($346,719 expenses vs. $301,376 revenue)?

When expenses exceed revenue, organizations typically draw from reserves, utilize prior year surpluses, or receive restricted funds that are not immediately recognized as general revenue. The specific funding mechanism would need to be identified from detailed financial statements.

Given the 0% officer compensation, how are the organization's leadership and operational management structured and compensated?

The consistent 0% officer compensation suggests a volunteer-driven leadership model. However, it's possible that key personnel are compensated as employees or contractors, which would not be reflected in the 'officer compensation' line item on the 990.

What is the long-term financial sustainability plan for Adaptive Sports USA Inc. given the fluctuating revenue and occasional deficits?

The provided data indicates a pattern of inconsistent financial performance. A sustainable plan would typically involve diversifying funding sources, building robust reserves, and carefully managing expenses to ensure consistent operational capacity, especially after the significant asset reduction.

Filing History

IRS 990 filing history for Adaptive Sports Usa Inc showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2011–2020), Adaptive Sports Usa Inc's revenue has grown by 84.6%, moving from $163K to $301K. Total assets decreased by 100% over the same period, from $312K to $0. Total functional expenses rose by 126.4%, from $153K to $347K. In its most recent filing year (2020), Adaptive Sports Usa Inc reported a deficit of $45K, with expenses exceeding revenue.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2020	$301K	$347K	$0	$0	—	—
2019	$452K	$396K	$636K	$248K	—	View 990
2018	$446K	$415K	$418K	$98K	—	View 990
2017	$585K	$527K	$370K	$64K	—	View 990
2016	$371K	$433K	$481K	$250K	—	View 990
2015	$456K	$531K	$342K	$68K	—	View 990
2014	$197K	$257K	$518K	$266K	—	View 990
2013	$223K	$210K	$481K	$111K	—	View 990
2012	$289K	$204K	$415K	$77K	—	View 990
2011	$163K	$153K	$312K	$76K	—	View 990

Year-by-Year Financial Summary

2020: Revenue of $301K, expenses of $347K, and assets of $0 (revenue -33.4% year-over-year).
2019: Revenue of $452K, expenses of $396K, and assets of $636K (revenue +1.5% year-over-year).
2018: Revenue of $446K, expenses of $415K, and assets of $418K (revenue -23.8% year-over-year).
2017: Revenue of $585K, expenses of $527K, and assets of $370K (revenue +57.6% year-over-year).
2016: Revenue of $371K, expenses of $433K, and assets of $481K (revenue -18.6% year-over-year).
2015: Revenue of $456K, expenses of $531K, and assets of $342K (revenue +131.7% year-over-year).
2014: Revenue of $197K, expenses of $257K, and assets of $518K (revenue -11.9% year-over-year).
2013: Revenue of $223K, expenses of $210K, and assets of $481K (revenue -22.8% year-over-year).
2012: Revenue of $289K, expenses of $204K, and assets of $415K (revenue +77.2% year-over-year).
2011: Revenue of $163K, expenses of $153K, and assets of $312K.

Data Sources and Methodology

This transparency report for Adaptive Sports Usa Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

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