Cowboy Athletics Inc
Cowboy Athletics Inc. shows extreme revenue and expense volatility, with recent positive net income after years of significant fluctuations.
EIN: 20669448 · Stillwater, OK · NTEE: N40 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $39.1M |
| Total Expenses | $10.3M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $71 |
| Net Assets | $55.7M |
| Transparency Score | 65/100 |
Is Cowboy Athletics Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Cowboy Athletics Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Cowboy Athletics Inc
Cowboy Athletics Inc (EIN: 20669448) is a nonprofit organization based in Stillwater, OK, classified under NTEE code N40. The organization reported total revenue of $39.1M and total assets of $71.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cowboy Athletics Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cowboy Athletics Inc is a large nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $22.1M |
| Total Expenses | $10.3M |
| Surplus / Deficit | +$11.8M |
| Total Assets | $58.3M |
| Total Liabilities | $2.6M |
| Net Assets | $55.7M |
| Operating Margin | 53.6% |
| Debt-to-Asset Ratio | 4.5% |
| Months of Reserves | 68.3 months |
Financial Health Grade: A
In 2023, Cowboy Athletics Inc reported a surplus of $11.8M with revenue exceeding expenses, holds 68.3 months of operating reserves (strong position), has a debt-to-asset ratio of 4.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Cowboy Athletics Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.6% | -19.9% | +30.4% |
| 2022 | +69.4% | +30.8% | +21.5% |
| 2021 | -33.7% | -90.6% | +6.4% |
| 2020 | -86.7% | +334.1% | -71.7% |
| 2019 | +161.9% | +10.6% | +23.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2003 |
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 Cowboy Athletics Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Cowboy Athletics Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% 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 $11.8M, with revenue exceeding expenses.
- Debt-to-asset ratio: 4.5%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's officers do not receive direct compensation, which is highly unusual for an organization of its size with assets exceeding $71 million.
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 Cowboy Athletics Inc's IRS 990 filings:
- Extreme volatility in annual revenue and expenses, including negative revenue years.
- Significant fluctuations in liabilities, reaching over $100 million in some periods.
- Lack of detailed functional expense breakdown (program, admin, fundraising) in summary data.
- Unusually high expenses in 2020 ($104,108,829) without immediate explanation.
Strengths
The following positive indicators were identified for Cowboy Athletics Inc:
- Consistent reporting of 0% officer compensation, indicating no direct executive pay from the organization.
- Significant asset growth in recent years, from $34.6 million in 2020 to $58.3 million in 2023.
- Positive net income in the latest filing (2023), with revenue exceeding expenses ($22.09M vs $10.25M).
- Substantial reduction in liabilities from previous highs, down to $2.6 million in 2023.
Frequently Asked Questions about Cowboy Athletics Inc
Is Cowboy Athletics Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Cowboy Athletics Inc (EIN: 20669448) some concerns. Mission Score: 65/100. 4 red flags identified, 4 strengths noted.
How does Cowboy Athletics Inc spend its money?
Cowboy Athletics Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Cowboy Athletics Inc tax-deductible?
Cowboy Athletics Inc is registered as a tax-exempt nonprofit (EIN: 20669448). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Cowboy Athletics Inc CEO make?
Cowboy Athletics Inc's highest-compensated officer earns $71 annually. The organization reported $39.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Cowboy Athletics Inc's spending goes to programs?
Cowboy Athletics Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Cowboy Athletics Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Cowboy Athletics Inc is above average for NTEE category N40 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Cowboy Athletics Inc located?
Cowboy Athletics Inc is headquartered in Stillwater, Oklahoma and files with the IRS under EIN 20669448. It is classified under NTEE code N40.
How many years of IRS 990 filings does Cowboy Athletics Inc have?
Cowboy Athletics 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 $39.1M in total revenue.
What caused the negative revenues reported in 2015 and 2017?
The provided data does not specify the reasons for negative revenues of $-8,879,439 in 2015 and $-1,659,730 in 2017. This could be due to significant returns, adjustments, or specific accounting treatments that would require reviewing the full IRS Form 990 for detailed explanations.
Why were expenses so high in 2020 ($104,108,829) compared to other years?
The expense of over $104 million in 2020 is an outlier compared to other years, where expenses typically range from $9 million to $48 million. This significant increase likely indicates a major capital expenditure, debt repayment, or an unusual operational cost that year, which would need further investigation in the detailed financial statements.
How does Cowboy Athletics Inc. manage its significant liabilities, such as the $105 million in 2016?
The organization has reported substantial liabilities in several years, peaking at $106.9 million in 2015 and $105.3 million in 2016. While liabilities have decreased significantly in recent years (e.g., $2.6 million in 2023), understanding the nature of these past large liabilities (e.g., bonds, loans for facilities) and the strategy for their reduction is crucial for assessing financial stability.
Given the 0% officer compensation, how are the organization's leaders compensated?
The consistent reporting of 0% officer compensation suggests that officers may be volunteers, compensated through a related entity, or receive non-cash benefits not reported as direct compensation. This warrants further inquiry to understand the full compensation structure for leadership.
Filing History
IRS 990 filing history for Cowboy Athletics Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Cowboy Athletics Inc's revenue has grown by 89.2%, moving from $11.7M to $22.1M. Total assets decreased by 31.8% over the same period, from $85.6M to $58.3M. Total functional expenses fell by 9.3%, from $11.3M to $10.3M. In its most recent filing year (2023), Cowboy Athletics Inc reported a surplus of $11.8M, with revenue exceeding expenses. The organization holds $2.6M in liabilities against $58.3M in assets (debt-to-asset ratio: 4.5%), resulting in net assets of $55.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $22.1M | $10.3M | $58.3M | $2.6M | — | View 990 |
| 2022 | $21.3M | $12.8M | $44.7M | $848K | — | View 990 |
| 2021 | $12.6M | $9.8M | $36.8M | $1.1M | — | View 990 |
| 2020 | $19.0M | $104.1M | $34.6M | $1.6M | — | — |
| 2019 | $142.3M | $24.0M | $122.5M | $5.1M | — | View 990 |
| 2018 | $54.3M | $21.7M | $98.8M | $99.6M | — | View 990 |
| 2017 | $-1,659,730 | $20.2M | $58.6M | $91.9M | — | — |
| 2016 | $19.4M | $23.1M | $92.9M | $105.3M | — | View 990 |
| 2015 | $-8,879,439 | $10.4M | $93.4M | $106.9M | — | View 990 |
| 2014 | $35.8M | $48.2M | $127.1M | $104.1M | — | View 990 |
| 2013 | $29.1M | $11.5M | $137.0M | $101.2M | — | View 990 |
| 2012 | $47.1M | $16.9M | $121.2M | $108.8M | — | View 990 |
| 2011 | $11.7M | $11.3M | $85.6M | $102.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $22.1M, expenses of $10.3M, and assets of $58.3M (revenue +3.6% year-over-year).
- 2022: Revenue of $21.3M, expenses of $12.8M, and assets of $44.7M (revenue +69.4% year-over-year).
- 2021: Revenue of $12.6M, expenses of $9.8M, and assets of $36.8M (revenue -33.7% year-over-year).
- 2020: Revenue of $19.0M, expenses of $104.1M, and assets of $34.6M (revenue -86.7% year-over-year).
- 2019: Revenue of $142.3M, expenses of $24.0M, and assets of $122.5M (revenue +161.9% year-over-year).
- 2018: Revenue of $54.3M, expenses of $21.7M, and assets of $98.8M.
- 2017: Revenue of $-1,659,730, expenses of $20.2M, and assets of $58.6M (revenue -108.5% year-over-year).
- 2016: Revenue of $19.4M, expenses of $23.1M, and assets of $92.9M.
- 2015: Revenue of $-8,879,439, expenses of $10.4M, and assets of $93.4M (revenue -124.8% year-over-year).
- 2014: Revenue of $35.8M, expenses of $48.2M, and assets of $127.1M (revenue +23.2% year-over-year).
- 2013: Revenue of $29.1M, expenses of $11.5M, and assets of $137.0M (revenue -38.3% year-over-year).
- 2012: Revenue of $47.1M, expenses of $16.9M, and assets of $121.2M (revenue +303.7% year-over-year).
- 2011: Revenue of $11.7M, expenses of $11.3M, and assets of $85.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cowboy Athletics Inc:
Data Sources and Methodology
This transparency report for Cowboy Athletics 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.