Alabama Oilmens Invitational Inc
Alabama Oilmens Invitational Inc consistently operates with no reported officer compensation and stable financial growth.
EIN: 208338803 · Spanish Fort, AL · NTEE: T30 · Updated: 2026-03-28
Is Alabama Oilmens Invitational Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Alabama Oilmens Invitational Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Alabama Oilmens Invitational Inc
Alabama Oilmens Invitational Inc (EIN: 208338803) is a nonprofit organization based in Spanish Fort, AL, classified under NTEE code T30. The organization reported total revenue of $497K and total assets of $123K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Alabama Oilmens Invitational Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Alabama Oilmens Invitational Inc is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $424K |
| Total Expenses | $425K |
| Surplus / Deficit | $-1,409 |
| Total Assets | $128K |
| Total Liabilities | $21K |
| Net Assets | $107K |
| Operating Margin | -0.3% |
| Debt-to-Asset Ratio | 16.4% |
| Months of Reserves | 3.6 months |
Financial Health Grade: B
In 2023, Alabama Oilmens Invitational Inc reported a deficit of $1K with expenses exceeding revenue, holds 3.6 months of operating reserves (adequate), has a debt-to-asset ratio of 16.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Alabama Oilmens Invitational Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +13.0% | +27.1% | +7.6% |
| 2022 | +27.5% | +22.1% | +75.5% |
| 2020 | -100.0% | -99.1% | +96.3% |
| 2019 | -1.6% | +7.2% | -7.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Alabama Oilmens Invitational Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Alabama Oilmens Invitational Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1K, with expenses exceeding revenue.
- Debt-to-asset ratio: 16.4%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no salaries are paid to officers, which is highly unusual for an organization of its revenue size (e.g., $423,625 in 2023) and suggests a volunteer-led structure.
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.
Strengths
The following positive indicators were identified for Alabama Oilmens Invitational Inc:
- Consistent 0% officer compensation, indicating high efficiency and mission focus.
- Stable financial growth with increasing revenues and assets over recent years (e.g., revenue grew from $294,156 in 2021 to $423,625 in 2023).
- Healthy asset-to-liability ratio, demonstrating financial stability (e.g., $127,540 assets vs. $20,881 liabilities in 2023).
- Long and consistent IRS 990 filing history (13 filings), indicating strong transparency and compliance.
- Expenses closely aligned with revenues, suggesting careful financial management.
Frequently Asked Questions about Alabama Oilmens Invitational Inc
Is Alabama Oilmens Invitational Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Alabama Oilmens Invitational Inc (EIN: 208338803) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Alabama Oilmens Invitational Inc spend its money?
Alabama Oilmens Invitational Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Alabama Oilmens Invitational Inc tax-deductible?
Alabama Oilmens Invitational Inc is registered as a tax-exempt nonprofit (EIN: 208338803). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Alabama Oilmens Invitational Inc a good charity?
Based on the available data, Alabama Oilmens Invitational Inc appears to be a well-managed organization. It consistently reports 0% officer compensation, indicating a strong commitment to directing funds to its mission, and demonstrates stable financial health with growing revenues and assets.
How does Alabama Oilmens Invitational Inc manage its executive compensation?
The organization reports 0% officer compensation across all 13 available filings, meaning no salaries are paid to its officers. This suggests a volunteer-driven leadership model.
What is the financial trend of Alabama Oilmens Invitational Inc?
The organization shows a positive financial trend with increasing revenues from $294,156 in 2021 to $423,625 in 2023, and growing assets from $67,554 in 2021 to $127,540 in 2023, indicating growth and stability.
Filing History
IRS 990 filing history for Alabama Oilmens Invitational Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Alabama Oilmens Invitational Inc's revenue has grown by 136.3%, moving from $179K to $424K. Total assets increased by 466.7% over the same period, from $23K to $128K. Total functional expenses rose by 130.7%, from $184K to $425K. In its most recent filing year (2023), Alabama Oilmens Invitational Inc reported a deficit of $1K, with expenses exceeding revenue. The organization holds $21K in liabilities against $128K in assets (debt-to-asset ratio: 16.4%), resulting in net assets of $107K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $424K | $425K | $128K | $21K | — | — |
| 2022 | $375K | $335K | $119K | $11K | — | View 990 |
| 2021 | $294K | $274K | $68K | $0 | — | View 990 |
| 2020 | $0 | $2K | $97K | $50K | — | View 990 |
| 2019 | $255K | $259K | $50K | $0 | — | View 990 |
| 2018 | $260K | $242K | $53K | $0 | — | View 990 |
| 2017 | $226K | $216K | $43K | $8K | — | View 990 |
| 2016 | $194K | $193K | $26K | $0 | — | View 990 |
| 2015 | $217K | $245K | $24K | $0 | — | View 990 |
| 2014 | $249K | $236K | $56K | $0 | — | View 990 |
| 2013 | $213K | $212K | $44K | $2K | — | View 990 |
| 2012 | $219K | $200K | $43K | $2K | — | View 990 |
| 2011 | $179K | $184K | $23K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $424K, expenses of $425K, and assets of $128K (revenue +13.0% year-over-year).
- 2022: Revenue of $375K, expenses of $335K, and assets of $119K (revenue +27.5% year-over-year).
- 2021: Revenue of $294K, expenses of $274K, and assets of $68K.
- 2020: Revenue of $0, expenses of $2K, and assets of $97K (revenue -100.0% year-over-year).
- 2019: Revenue of $255K, expenses of $259K, and assets of $50K (revenue -1.6% year-over-year).
- 2018: Revenue of $260K, expenses of $242K, and assets of $53K (revenue +15.1% year-over-year).
- 2017: Revenue of $226K, expenses of $216K, and assets of $43K (revenue +16.4% year-over-year).
- 2016: Revenue of $194K, expenses of $193K, and assets of $26K (revenue -10.6% year-over-year).
- 2015: Revenue of $217K, expenses of $245K, and assets of $24K (revenue -13.0% year-over-year).
- 2014: Revenue of $249K, expenses of $236K, and assets of $56K (revenue +16.9% year-over-year).
- 2013: Revenue of $213K, expenses of $212K, and assets of $44K (revenue -2.5% year-over-year).
- 2012: Revenue of $219K, expenses of $200K, and assets of $43K (revenue +22.0% year-over-year).
- 2011: Revenue of $179K, expenses of $184K, and assets of $23K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Alabama Oilmens Invitational Inc:
Data Sources and Methodology
This transparency report for Alabama Oilmens Invitational 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.