Bike Walk Connecticut Inc
Bike Walk Connecticut Inc maintains stable finances with no officer compensation, growing assets to $36,051 in 2023.
EIN: 202909972 · West Hartford, CT · NTEE: W40 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $37K |
| Total Expenses | $31K |
| Program Spending | 85% |
| Net Assets | $36K |
| Transparency Score | 85/100 |
Is Bike Walk Connecticut Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bike Walk Connecticut Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bike Walk Connecticut Inc
Bike Walk Connecticut Inc (EIN: 202909972) is a nonprofit organization based in West Hartford, CT, classified under NTEE code W40. The organization reported total revenue of $37K and total assets of $34K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bike Walk Connecticut Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bike Walk Connecticut Inc is a micro nonprofit that has been operating for 20 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -11.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $32K |
| Total Expenses | $31K |
| Surplus / Deficit | +$1K |
| Total Assets | $36K |
| Total Liabilities | $162 |
| Net Assets | $36K |
| Operating Margin | 3.2% |
| Debt-to-Asset Ratio | 0.4% |
| Months of Reserves | 13.9 months |
Financial Health Grade: A
In 2023, Bike Walk Connecticut Inc reported a surplus of $1K with revenue exceeding expenses, holds 13.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.4% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Bike Walk Connecticut Inc's revenue has declined at a compound annual growth rate (CAGR) of -11.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +15.2% | +19.7% | +3.4% |
| 2022 | +7.1% | +96.5% | +5.8% |
| 2021 | +89.0% | -66.5% | +64.0% |
| 2020 | -77.0% | -62.4% | -58.0% |
| 2019 | +12.9% | +19.6% | -47.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2006 |
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 Bike Walk Connecticut Inc with a Mission Score of 85 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: 15%
- programs: 85%
- fundraising: 0%
According to IRS 990 filings, Bike Walk Connecticut Inc allocates its expenses as follows: admin: 15%, programs: 85%, fundraising: 0%. With 85% 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 $1K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.4%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that officers are not paid or are compensated through other means not classified as officer compensation, which is highly favorable for a small organization of this size.
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 Bike Walk Connecticut Inc's IRS 990 filings:
- Significant fluctuations in revenue and expenses over its history, indicating potential instability or changes in operational scope in prior periods.
Strengths
The following positive indicators were identified for Bike Walk Connecticut Inc:
- Consistent reporting of 0% officer compensation, demonstrating a commitment to low administrative overhead.
- Positive net asset growth in recent years, from $20,095 in 2020 to $36,051 in 2023.
- Expenses closely managed to revenues in recent periods, preventing significant deficits (e.g., 2023 expenses $31,181 vs. revenue $32,203).
- Regular and extensive IRS 990 filing history (14 filings), indicating strong transparency and compliance.
Frequently Asked Questions about Bike Walk Connecticut Inc
Is Bike Walk Connecticut Inc a legitimate charity?
Bike Walk Connecticut Inc (EIN: 202909972) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 85/100. It has 14 years of IRS 990 filings on record. Total revenue: $37K. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Bike Walk Connecticut Inc spend its money?
Bike Walk Connecticut Inc directs 85% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Bike Walk Connecticut Inc tax-deductible?
Bike Walk Connecticut Inc is registered as a tax-exempt nonprofit (EIN: 202909972). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Bike Walk Connecticut Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Bike Walk Connecticut Inc is above average for NTEE category W40 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Bike Walk Connecticut Inc located?
Bike Walk Connecticut Inc is headquartered in West Hartford, Connecticut and files with the IRS under EIN 202909972. It is classified under NTEE code W40.
How many years of IRS 990 filings does Bike Walk Connecticut Inc have?
Bike Walk Connecticut Inc has 14 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 $37K in total revenue.
Is Bike Walk Connecticut Inc financially stable?
Yes, the organization appears financially stable, especially in recent years. Its assets have grown from $20,095 in 2020 to $36,051 in 2023, and revenues have consistently exceeded or closely matched expenses, such as $32,203 revenue vs. $31,181 expenses in 2023.
How does Bike Walk Connecticut Inc manage executive compensation?
Bike Walk Connecticut Inc consistently reports 0% officer compensation across all 14 available filings, indicating a strong commitment to minimizing executive pay and directing funds towards its mission.
Has the organization's financial size changed over time?
Yes, the organization's financial size has fluctuated significantly. While recent revenues are around $30,000, it reported revenues as high as $217,748 in 2015 and expenses up to $116,122 in 2017, suggesting a period of larger operations followed by a scaling down.
What is the trend in the organization's assets?
After a period of decline from a high of $190,512 in 2016 to $20,095 in 2020, the organization's assets have shown consistent growth in recent years, increasing from $20,095 in 2020 to $36,051 in 2023.
Filing History
IRS 990 filing history for Bike Walk Connecticut Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Bike Walk Connecticut Inc's revenue has declined by 80.3%, moving from $164K to $32K. Total assets decreased by 71.7% over the same period, from $127K to $36K. Total functional expenses fell by 68.6%, from $99K to $31K. In its most recent filing year (2023), Bike Walk Connecticut Inc reported a surplus of $1K, with revenue exceeding expenses. The organization holds $162 in liabilities against $36K in assets (debt-to-asset ratio: 0.4%), resulting in net assets of $36K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $32K | $31K | $36K | $162 | — | — |
| 2022 | $28K | $26K | $35K | $0 | — | View 990 |
| 2021 | $26K | $13K | $33K | $0 | — | — |
| 2020 | $14K | $39K | $20K | $0 | — | — |
| 2019 | $60K | $105K | $48K | $2K | — | View 990 |
| 2018 | $53K | $88K | $91K | $134 | — | View 990 |
| 2017 | $53K | $116K | $126K | $364 | — | View 990 |
| 2016 | $90K | $91K | $191K | $1K | — | View 990 |
| 2015 | $218K | $109K | $190K | $256 | — | View 990 |
| 2014 | $65K | $90K | $84K | $0 | — | View 990 |
| 2013 | $109K | $109K | $109K | $0 | — | View 990 |
| 2012 | $81K | $103K | $108K | $0 | — | View 990 |
| 2011 | $76K | $70K | $131K | $0 | — | View 990 |
| 2010 | $164K | $99K | $127K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $32K, expenses of $31K, and assets of $36K (revenue +15.2% year-over-year).
- 2022: Revenue of $28K, expenses of $26K, and assets of $35K (revenue +7.1% year-over-year).
- 2021: Revenue of $26K, expenses of $13K, and assets of $33K (revenue +89.0% year-over-year).
- 2020: Revenue of $14K, expenses of $39K, and assets of $20K (revenue -77.0% year-over-year).
- 2019: Revenue of $60K, expenses of $105K, and assets of $48K (revenue +12.9% year-over-year).
- 2018: Revenue of $53K, expenses of $88K, and assets of $91K (revenue +1.1% year-over-year).
- 2017: Revenue of $53K, expenses of $116K, and assets of $126K (revenue -41.9% year-over-year).
- 2016: Revenue of $90K, expenses of $91K, and assets of $191K (revenue -58.4% year-over-year).
- 2015: Revenue of $218K, expenses of $109K, and assets of $190K (revenue +236.5% year-over-year).
- 2014: Revenue of $65K, expenses of $90K, and assets of $84K (revenue -40.9% year-over-year).
- 2013: Revenue of $109K, expenses of $109K, and assets of $109K (revenue +35.6% year-over-year).
- 2012: Revenue of $81K, expenses of $103K, and assets of $108K (revenue +5.7% year-over-year).
- 2011: Revenue of $76K, expenses of $70K, and assets of $131K (revenue -53.4% year-over-year).
- 2010: Revenue of $164K, expenses of $99K, and assets of $127K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bike Walk Connecticut Inc:
Data Sources and Methodology
This transparency report for Bike Walk Connecticut 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.