Alfred R And Velma Kvasnicka Declaration Of Tr
Alfred R And Velma Kvasnicka Declaration Of Tr maintains over $1M in assets with zero officer compensation.
EIN: 206835598 · Mcpherson, KS · NTEE: B82 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $235K |
| Total Expenses | $48K |
| Program Spending | 95% |
| CEO/Top Officer Pay | $1,094,808 |
| Net Assets | $1.1M |
| Transparency Score | 95/100 |
Is Alfred R And Velma Kvasnicka Declaration Of Tr Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Alfred R And Velma Kvasnicka Declaration Of Tr directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Alfred R And Velma Kvasnicka Declaration Of Tr
Alfred R And Velma Kvasnicka Declaration Of Tr (EIN: 206835598) is a nonprofit organization based in Mcpherson, KS, classified under NTEE code B82. The organization reported total revenue of $235K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Alfred R And Velma Kvasnicka Declaration Of Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Alfred R And Velma Kvasnicka Declaration Of Tr is a small nonprofit that has been operating for 12 years, with 7 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of -0.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $51K |
| Total Expenses | $48K |
| Surplus / Deficit | +$3K |
| Total Assets | $1.1M |
| Total Liabilities | $1 |
| Net Assets | $1.1M |
| Operating Margin | 5.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 271.2 months |
Financial Health Grade: A
In 2023, Alfred R And Velma Kvasnicka Declaration Of Tr reported a surplus of $3K with revenue exceeding expenses, holds 271.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 7 years of filings (2014–2023), Alfred R And Velma Kvasnicka Declaration Of Tr's revenue has declined at a compound annual growth rate (CAGR) of -0.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -25.2% | -17.0% | +0.4% |
| 2022 | -40.6% | +59.6% | +1.0% |
| 2021 | +137.8% | +14.7% | +4.5% |
| 2020 | +36.4% | -7.9% | +0.4% |
| 2019 | +28.3% | +12.1% | +17.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
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 Alfred R And Velma Kvasnicka Declaration Of Tr with a Mission Score of 95 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Alfred R And Velma Kvasnicka Declaration Of Tr allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 surplus of $3K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
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 asset size ($1,094,808 in 2023) and suggests a volunteer-led or very lean operational 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 Alfred R And Velma Kvasnicka Declaration Of Tr:
- Consistent asset growth, reaching $1,094,808 in 2023.
- Zero officer compensation reported across all filings, indicating high efficiency.
- Extremely low liabilities ($1 across all periods), demonstrating strong financial management.
- Consistent IRS 990 filing history (7 filings), indicating good transparency.
- Expenses consistently managed relative to revenue, contributing to financial stability.
Frequently Asked Questions about Alfred R And Velma Kvasnicka Declaration Of Tr
Is Alfred R And Velma Kvasnicka Declaration Of Tr a legitimate charity?
Based on AI analysis of IRS 990 filings, Alfred R And Velma Kvasnicka Declaration Of Tr (EIN: 206835598) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Alfred R And Velma Kvasnicka Declaration Of Tr spend its money?
Alfred R And Velma Kvasnicka Declaration Of Tr directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Alfred R And Velma Kvasnicka Declaration Of Tr tax-deductible?
Alfred R And Velma Kvasnicka Declaration Of Tr is registered as a tax-exempt nonprofit (EIN: 206835598). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Alfred R And Velma Kvasnicka Declaration Of Tr CEO make?
Alfred R And Velma Kvasnicka Declaration Of Tr's highest-compensated officer earns $1,094,808 annually. The organization reported $235K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Alfred R And Velma Kvasnicka Declaration Of Tr compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Alfred R And Velma Kvasnicka Declaration Of Tr is above average for NTEE category B82 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Alfred R And Velma Kvasnicka Declaration Of Tr located?
Alfred R And Velma Kvasnicka Declaration Of Tr is headquartered in Mcpherson, Kansas and files with the IRS under EIN 206835598. It is classified under NTEE code B82.
How many years of IRS 990 filings does Alfred R And Velma Kvasnicka Declaration Of Tr have?
Alfred R And Velma Kvasnicka Declaration Of Tr has 7 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $235K in total revenue.
Is Alfred R And Velma Kvasnicka Declaration Of Tr a good charity?
Based on the available IRS 990 data, the organization demonstrates strong financial health, consistent asset growth, and exceptionally low administrative overhead with zero officer compensation. This suggests it is a highly efficient and mission-focused entity, likely a grantmaking foundation.
How does this organization manage its finances?
The organization manages its finances very conservatively, maintaining minimal liabilities ($1 across all periods) and consistently growing its assets, from $876,554 in 2014 to $1,094,808 in 2023. Expenses are consistently below revenue in most years, contributing to asset growth.
What is the primary use of funds for this organization?
Given the NTEE code B82 (Foundations, Grantmaking & Giving) and the consistent reporting of 0% officer compensation, the primary use of funds is almost certainly for programmatic activities, likely in the form of grants or distributions to other charitable organizations, rather than operational overhead.
Filing History
IRS 990 filing history for Alfred R And Velma Kvasnicka Declaration Of Tr showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2014–2023), Alfred R And Velma Kvasnicka Declaration Of Tr's revenue has declined by 3.9%, moving from $53K to $51K. Total assets increased by 24.9% over the same period, from $877K to $1.1M. Total functional expenses rose by 81.5%, from $27K to $48K. In its most recent filing year (2023), Alfred R And Velma Kvasnicka Declaration Of Tr reported a surplus of $3K, with revenue exceeding expenses. The organization holds $1 in liabilities against $1.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $51K | $48K | $1.1M | $1 | — | — |
| 2022 | $69K | $58K | $1.1M | $1 | — | — |
| 2021 | $115K | $37K | $1.1M | $1 | — | — |
| 2020 | $49K | $32K | $1.0M | $1 | — | View 990 |
| 2019 | $36K | $35K | $1.0M | $1 | — | View 990 |
| 2015 | $28K | $31K | $874K | $1 | — | View 990 |
| 2014 | $53K | $27K | $877K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $51K, expenses of $48K, and assets of $1.1M (revenue -25.2% year-over-year).
- 2022: Revenue of $69K, expenses of $58K, and assets of $1.1M (revenue -40.6% year-over-year).
- 2021: Revenue of $115K, expenses of $37K, and assets of $1.1M (revenue +137.8% year-over-year).
- 2020: Revenue of $49K, expenses of $32K, and assets of $1.0M (revenue +36.4% year-over-year).
- 2019: Revenue of $36K, expenses of $35K, and assets of $1.0M (revenue +28.3% year-over-year).
- 2015: Revenue of $28K, expenses of $31K, and assets of $874K (revenue -48.0% year-over-year).
- 2014: Revenue of $53K, expenses of $27K, and assets of $877K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Alfred R And Velma Kvasnicka Declaration Of Tr:
Data Sources and Methodology
This transparency report for Alfred R And Velma Kvasnicka Declaration Of Tr 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.