Cedar Valley Tech Works Inc
Cedar Valley Tech Works Inc faces significant financial challenges with consistent operating deficits and declining assets.
EIN: 204965137 · Waterloo, IA · NTEE: S30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $467K |
| Total Expenses | $615K |
| Program Spending | 70% |
| Net Assets | $6.9M |
| Transparency Score | 55/100 |
Is Cedar Valley Tech Works Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Cedar Valley Tech Works Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Cedar Valley Tech Works Inc
Cedar Valley Tech Works Inc (EIN: 204965137) is a nonprofit organization based in Waterloo, IA, classified under NTEE code S30. The organization reported total revenue of $467K and total assets of $6.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cedar Valley Tech Works Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cedar Valley Tech Works Inc is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 6.5%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $465K |
| Total Expenses | $615K |
| Surplus / Deficit | $-150,121 |
| Total Assets | $6.9M |
| Total Liabilities | $10K |
| Net Assets | $6.9M |
| Operating Margin | -32.3% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 135.2 months |
Financial Health Grade: B
In 2024, Cedar Valley Tech Works Inc reported a deficit of $150K with expenses exceeding revenue, holds 135.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2024), Cedar Valley Tech Works Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1823.8% | +2.9% | -48.7% |
| 2022 | -12.9% | -8.2% | -2.9% |
| 2021 | -70.0% | -3.3% | -2.6% |
| 2020 | +95.4% | +3.4% | +2.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| 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 Cedar Valley Tech Works Inc with a Mission Score of 55 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Cedar Valley Tech Works Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $150K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its officers, which is a positive sign for resource allocation directly to the mission.
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 Cedar Valley Tech Works Inc's IRS 990 filings:
- Consistent operating deficits over multiple years (e.g., 202406, 202306, 202206, 202106, 201906, 201806, 201706).
- Significant decline in total assets from $18.8 million in 2015 to $6.9 million in 2024.
- Substantial negative revenue reported in 202306 ($-4,637,448) and 201606 ($-1,565,427) without clear explanation in summary data.
Strengths
The following positive indicators were identified for Cedar Valley Tech Works Inc:
- 0% officer compensation reported across all available filings, indicating efficient use of funds at the executive level.
- Relatively low liabilities compared to assets in recent years (e.g., $9,742 liabilities vs. $6,929,043 assets in 202406).
Frequently Asked Questions about Cedar Valley Tech Works Inc
Is Cedar Valley Tech Works Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Cedar Valley Tech Works Inc (EIN: 204965137) some concerns. Mission Score: 55/100. 3 red flags identified, 2 strengths noted.
How does Cedar Valley Tech Works Inc spend its money?
Cedar Valley Tech Works Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Cedar Valley Tech Works Inc tax-deductible?
Cedar Valley Tech Works Inc is registered as a tax-exempt nonprofit (EIN: 204965137). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Cedar Valley Tech Works Inc's spending goes to programs?
Cedar Valley Tech Works Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Cedar Valley Tech Works Inc compare to similar nonprofits?
With a transparency score of 55/100 (Fair), Cedar Valley Tech Works Inc is near average for NTEE category S30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Cedar Valley Tech Works Inc located?
Cedar Valley Tech Works Inc is headquartered in Waterloo, Iowa and files with the IRS under EIN 204965137. It is classified under NTEE code S30.
How many years of IRS 990 filings does Cedar Valley Tech Works Inc have?
Cedar Valley Tech Works Inc has 13 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 $467K in total revenue.
Is Cedar Valley Tech Works Inc a good charity?
While the organization reports 0% officer compensation, a positive indicator, its financial sustainability is questionable due to consistent operating deficits and a significant decline in assets from $18.8 million in 2015 to $6.9 million in 2024. This raises concerns about its long-term ability to fulfill its mission.
Why are Cedar Valley Tech Works Inc's assets declining?
The organization's assets have steadily declined from $18,835,317 in 201506 to $6,929,043 in 202406. This is primarily due to consistent operating deficits, where expenses frequently exceed revenue, such as in 202406 (expenses $615,087 vs. revenue $464,966) and the substantial negative revenue in 202306 ($-4,637,448).
What caused the negative revenue in 202306?
The filing for period 202306 shows a negative revenue of $-4,637,448. Without further detail from the full IRS 990, it's impossible to pinpoint the exact cause, but this could indicate significant asset write-downs, investment losses, or a return of grants/contributions.
Filing History
IRS 990 filing history for Cedar Valley Tech Works Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Cedar Valley Tech Works Inc's revenue has grown by 113.5%, moving from $218K to $465K. Total assets decreased by 65.1% over the same period, from $19.9M to $6.9M. Total functional expenses fell by 10.9%, from $690K to $615K. In its most recent filing year (2024), Cedar Valley Tech Works Inc reported a deficit of $150K, with expenses exceeding revenue. The organization holds $10K in liabilities against $6.9M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $6.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $465K | $615K | $6.9M | $10K | — | — |
| 2023 | $-4,637,448 | $652K | $7.1M | $5K | — | — |
| 2022 | $269K | $634K | $13.8M | $1.4M | — | View 990 |
| 2021 | $309K | $690K | $14.2M | $1.5M | — | — |
| 2020 | $1.0M | $714K | $14.6M | $1.5M | — | View 990 |
| 2019 | $527K | $691K | $14.2M | $1.5M | — | View 990 |
| 2018 | $133K | $745K | $14.4M | $1.5M | — | View 990 |
| 2017 | $89K | $892K | $15.0M | $1.5M | — | View 990 |
| 2016 | $-1,565,427 | $988K | $15.8M | $1.4M | — | View 990 |
| 2015 | $2.3M | $907K | $18.8M | $1.9M | — | View 990 |
| 2014 | $1.4M | $2.1M | $17.1M | $1.6M | — | View 990 |
| 2013 | $-1,504,624 | $688K | $17.7M | $1.5M | — | View 990 |
| 2012 | $218K | $690K | $19.9M | $1.5M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $465K, expenses of $615K, and assets of $6.9M.
- 2023: Revenue of $-4,637,448, expenses of $652K, and assets of $7.1M (revenue -1823.8% year-over-year).
- 2022: Revenue of $269K, expenses of $634K, and assets of $13.8M (revenue -12.9% year-over-year).
- 2021: Revenue of $309K, expenses of $690K, and assets of $14.2M (revenue -70.0% year-over-year).
- 2020: Revenue of $1.0M, expenses of $714K, and assets of $14.6M (revenue +95.4% year-over-year).
- 2019: Revenue of $527K, expenses of $691K, and assets of $14.2M (revenue +295.2% year-over-year).
- 2018: Revenue of $133K, expenses of $745K, and assets of $14.4M (revenue +50.6% year-over-year).
- 2017: Revenue of $89K, expenses of $892K, and assets of $15.0M.
- 2016: Revenue of $-1,565,427, expenses of $988K, and assets of $15.8M (revenue -169.4% year-over-year).
- 2015: Revenue of $2.3M, expenses of $907K, and assets of $18.8M (revenue +56.4% year-over-year).
- 2014: Revenue of $1.4M, expenses of $2.1M, and assets of $17.1M.
- 2013: Revenue of $-1,504,624, expenses of $688K, and assets of $17.7M (revenue -790.9% year-over-year).
- 2012: Revenue of $218K, expenses of $690K, and assets of $19.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cedar Valley Tech Works Inc:
Data Sources and Methodology
This transparency report for Cedar Valley Tech Works 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.