Chesapeake Rivers Association Inc
Chesapeake Rivers Association Inc consistently reports zero officer compensation, demonstrating strong financial stewardship.
EIN: 10729385 · Annapolis, MD · NTEE: C32 · Updated: 2026-03-27
| Metric | Value |
|---|---|
| Total Revenue | $1.0M |
| Total Expenses | $346K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $65K |
| Transparency Score | 92/100 |
Is Chesapeake Rivers Association Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Chesapeake Rivers Association Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Chesapeake Rivers Association Inc
Chesapeake Rivers Association Inc (EIN: 10729385) is a nonprofit organization based in Annapolis, MD, classified under NTEE code C32. The organization reported total revenue of $1.0M and total assets of $199K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Chesapeake Rivers Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Chesapeake Rivers Association Inc is a mid-size nonprofit that has been operating for 24 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $329K |
| Total Expenses | $346K |
| Surplus / Deficit | $-16,896 |
| Total Assets | $65K |
| Net Assets | $65K |
| Operating Margin | -5.1% |
| Months of Reserves | 2.3 months |
Financial Health Grade: C
In 2023, Chesapeake Rivers Association Inc reported a deficit of $17K with expenses exceeding revenue, holds 2.3 months of operating reserves (limited).
Financial Trends
Over 13 years of filings (2011–2023), Chesapeake Rivers Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -55.1% | -52.7% | -20.6% |
| 2022 | +71.7% | +53.7% | +1.9% |
| 2021 | -32.0% | -28.3% | -37.8% |
| 2020 | +211.6% | +282.3% | -21.6% |
| 2019 | -25.3% | -47.6% | +20.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2002 |
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 Chesapeake Rivers Association 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, Chesapeake Rivers Association 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 $17K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers or key employees receive compensation from the organization. This is highly unusual for an organization with revenues exceeding $1 million in some years and suggests a volunteer-led executive structure or that compensation is covered by other means not reported on the 990, which would be a point for further inquiry.
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 Chesapeake Rivers Association Inc's IRS 990 filings:
- Significant year-over-year revenue fluctuations, which could indicate funding instability or reliance on specific project grants.
- Consistent reporting of 0% officer compensation, which, while positive for efficiency, is unusual for an organization of this size and could warrant further investigation into how leadership is compensated or sustained.
Strengths
The following positive indicators were identified for Chesapeake Rivers Association Inc:
- Consistent reporting of 0% officer compensation, indicating a high proportion of funds directed towards the mission.
- Low to zero liabilities reported in most recent filings, suggesting strong financial health and low debt.
- Maintains a positive asset base despite revenue fluctuations, demonstrating financial resilience.
- Generally keeps expenses in line with revenues, avoiding significant deficits over time.
Frequently Asked Questions about Chesapeake Rivers Association Inc
Is Chesapeake Rivers Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Chesapeake Rivers Association Inc (EIN: 10729385) some concerns. Mission Score: 92/100. 2 red flags identified, 4 strengths noted.
How does Chesapeake Rivers Association Inc spend its money?
Chesapeake Rivers Association Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Chesapeake Rivers Association Inc tax-deductible?
Chesapeake Rivers Association Inc is registered as a tax-exempt nonprofit (EIN: 10729385). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Chesapeake Rivers Association Inc CEO make?
Chesapeake Rivers Association Inc's highest-compensated officer earns $1 annually. The organization reported $1.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Chesapeake Rivers Association Inc's spending goes to programs?
Chesapeake Rivers Association Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Chesapeake Rivers Association Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Chesapeake Rivers Association Inc is above average for NTEE category C32 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Chesapeake Rivers Association Inc located?
Chesapeake Rivers Association Inc is headquartered in Annapolis, Maryland and files with the IRS under EIN 10729385. It is classified under NTEE code C32.
How many years of IRS 990 filings does Chesapeake Rivers Association Inc have?
Chesapeake Rivers Association 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 $1.0M in total revenue.
Is Chesapeake Rivers Association Inc a good charity?
Based on the available IRS 990 data, Chesapeake Rivers Association Inc appears to be a good charity, particularly due to its consistent reporting of 0% officer compensation, indicating a strong commitment to program spending and efficient use of funds. They also maintain low liabilities.
How does Chesapeake Rivers Association Inc manage its finances given fluctuating revenues?
The organization experiences significant revenue fluctuations, such as $201,554 in 2019 and $733,289 in 2022. Despite this, they generally manage to keep expenses in line with revenue and maintain a positive asset balance, often with zero liabilities, suggesting prudent financial management and possibly a project-based funding model.
What is the organization's approach to executive compensation?
The organization consistently reports 0% officer compensation across all 13 available filings. This indicates either a fully volunteer-led executive team or that executive compensation is handled in a manner not reflected in the standard officer compensation section of the 990.
Filing History
IRS 990 filing history for Chesapeake Rivers Association Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Chesapeake Rivers Association Inc's revenue has grown by 29.9%, moving from $254K to $329K. Total assets decreased by 60.9% over the same period, from $167K to $65K. Total functional expenses rose by 40.6%, from $246K to $346K. In its most recent filing year (2023), Chesapeake Rivers Association Inc reported a deficit of $17K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $329K | $346K | $65K | $0 | — | View 990 |
| 2022 | $733K | $732K | $82K | $0 | — | View 990 |
| 2021 | $427K | $476K | $81K | $0 | — | View 990 |
| 2020 | $628K | $664K | $129K | $0 | — | View 990 |
| 2019 | $202K | $174K | $165K | $0 | — | View 990 |
| 2018 | $270K | $331K | $137K | $0 | — | View 990 |
| 2017 | $606K | $666K | $200K | $1K | — | View 990 |
| 2016 | $352K | $355K | $259K | $0 | — | View 990 |
| 2015 | $643K | $564K | $0 | $0 | — | View 990 |
| 2014 | $212K | $205K | $182K | $0 | — | View 990 |
| 2013 | $951K | $1.2M | $174K | $0 | — | View 990 |
| 2012 | $536K | $286K | $416K | $0 | — | View 990 |
| 2011 | $254K | $246K | $167K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $329K, expenses of $346K, and assets of $65K (revenue -55.1% year-over-year).
- 2022: Revenue of $733K, expenses of $732K, and assets of $82K (revenue +71.7% year-over-year).
- 2021: Revenue of $427K, expenses of $476K, and assets of $81K (revenue -32.0% year-over-year).
- 2020: Revenue of $628K, expenses of $664K, and assets of $129K (revenue +211.6% year-over-year).
- 2019: Revenue of $202K, expenses of $174K, and assets of $165K (revenue -25.3% year-over-year).
- 2018: Revenue of $270K, expenses of $331K, and assets of $137K (revenue -55.4% year-over-year).
- 2017: Revenue of $606K, expenses of $666K, and assets of $200K (revenue +71.9% year-over-year).
- 2016: Revenue of $352K, expenses of $355K, and assets of $259K (revenue -45.2% year-over-year).
- 2015: Revenue of $643K, expenses of $564K, and assets of $0 (revenue +203.0% year-over-year).
- 2014: Revenue of $212K, expenses of $205K, and assets of $182K (revenue -77.7% year-over-year).
- 2013: Revenue of $951K, expenses of $1.2M, and assets of $174K (revenue +77.3% year-over-year).
- 2012: Revenue of $536K, expenses of $286K, and assets of $416K (revenue +111.5% year-over-year).
- 2011: Revenue of $254K, expenses of $246K, and assets of $167K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Chesapeake Rivers Association Inc:
Data Sources and Methodology
This transparency report for Chesapeake Rivers Association 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.