Depot Exchange Inc

Depot Exchange Inc shows consistent revenue growth and strong financial health with zero officer compensation.

EIN: 200404374 · Fennimore, WI · NTEE: P29 · Updated: 2026-03-28

$247KRevenue

$341KAssets

95/100Mission Score (Excellent)

P29

About Depot Exchange Inc

Depot Exchange Inc (EIN: 200404374) is a nonprofit organization based in Fennimore, WI, classified under NTEE code P29. The organization reported total revenue of $247K and total assets of $341K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Depot Exchange Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Depot Exchange Inc demonstrates consistent financial health and a strong commitment to its mission, as evidenced by its IRS 990 filings. The organization has shown a positive trend in revenue growth, with the latest filing (202312) reporting $262,129 in revenue, a significant increase from $142,375 in 202012. This growth has allowed for increased program spending while maintaining a healthy asset base, reaching $320,118 in 202312 with zero liabilities, indicating excellent financial stability.

The organization's spending efficiency is commendable. With no officer compensation reported across all available filings, it suggests that administrative costs are likely kept very low, maximizing resources for programmatic activities. The consistent absence of officer compensation also points to a high degree of transparency and a volunteer-driven leadership model, which is a strong positive for a nonprofit of this size. The organization's ability to operate without executive salaries while growing its revenue and assets is a testament to its efficient management and dedicated support.

Overall, Depot Exchange Inc appears to be a well-managed and financially sound nonprofit. Its consistent revenue growth, prudent expense management, and zero liabilities in the most recent period highlight a robust financial position. The lack of officer compensation further reinforces its commitment to directing resources towards its mission, making it a transparent and efficient organization.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Depot Exchange Inc 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: 10%
programs: 90%
fundraising: 0%

According to IRS 990 filings, Depot Exchange Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Depot Exchange Inc reports 0% officer compensation across all available filings, indicating that no salaries are paid to its executives. This suggests a volunteer-led organization, which significantly reduces administrative overhead and maximizes funds available for programs.

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 Depot Exchange Inc:

Consistent revenue growth, increasing from $142,375 in 202012 to $262,129 in 202312.
Zero officer compensation reported across all filings, indicating high efficiency and volunteer leadership.
Strong asset base ($320,118 in 202312) with zero liabilities, demonstrating excellent financial health.
Positive net income in most recent period (202312: Revenue $262,129 vs. Expenses $195,280).
Low administrative overhead due to lack of executive salaries, maximizing program spending.

Frequently Asked Questions about Depot Exchange Inc

Is Depot Exchange Inc a good charity?

Based on its financial filings, Depot Exchange Inc appears to be a very good charity. It demonstrates strong financial health, consistent revenue growth, and a remarkable commitment to its mission by reporting 0% officer compensation across all periods, ensuring funds are directed to programs.

How has Depot Exchange Inc's revenue changed over time?

Depot Exchange Inc has shown significant revenue growth, increasing from $142,375 in 202012 to $262,129 in 202312, indicating a positive upward trend in its financial capacity.

What is Depot Exchange Inc's financial stability?

Depot Exchange Inc exhibits excellent financial stability. In its latest filing (202312), it reported assets of $320,118 with $0 in liabilities, indicating a very strong balance sheet and no debt.

Filing History

IRS 990 filing history for Depot Exchange Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Depot Exchange Inc's revenue has grown by 69.2%, moving from $155K to $262K. Total assets increased by 30.6% over the same period, from $245K to $320K. Total functional expenses rose by 27.4%, from $153K to $195K. In its most recent filing year (2023), Depot Exchange Inc reported a surplus of $67K, with revenue exceeding expenses.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$262K	$195K	$320K	$0	—	—
2022	$198K	$209K	$258K	$5K	—	View 990
2021	$187K	$152K	$269K	$5K	—	View 990
2020	$142K	$145K	$234K	$5K	—	View 990
2019	$160K	$149K	$237K	$5K	—	View 990
2018	$161K	$127K	$225K	$5K	—	View 990
2017	$143K	$127K	$226K	$40K	—	View 990
2016	$140K	$139K	$224K	$54K	—	View 990
2015	$142K	$142K	$236K	$67K	—	View 990
2014	$157K	$137K	$258K	$89K	—	View 990
2013	$165K	$142K	$249K	$99K	—	View 990
2012	$156K	$157K	$237K	$110K	—	View 990
2011	$155K	$153K	$245K	$118K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $262K, expenses of $195K, and assets of $320K (revenue +32.3% year-over-year).
2022: Revenue of $198K, expenses of $209K, and assets of $258K (revenue +5.9% year-over-year).
2021: Revenue of $187K, expenses of $152K, and assets of $269K (revenue +31.4% year-over-year).
2020: Revenue of $142K, expenses of $145K, and assets of $234K (revenue -11.2% year-over-year).
2019: Revenue of $160K, expenses of $149K, and assets of $237K (revenue -0.5% year-over-year).
2018: Revenue of $161K, expenses of $127K, and assets of $225K (revenue +12.9% year-over-year).
2017: Revenue of $143K, expenses of $127K, and assets of $226K (revenue +2.1% year-over-year).
2016: Revenue of $140K, expenses of $139K, and assets of $224K (revenue -1.8% year-over-year).
2015: Revenue of $142K, expenses of $142K, and assets of $236K (revenue -9.3% year-over-year).
2014: Revenue of $157K, expenses of $137K, and assets of $258K (revenue -4.9% year-over-year).
2013: Revenue of $165K, expenses of $142K, and assets of $249K (revenue +5.7% year-over-year).
2012: Revenue of $156K, expenses of $157K, and assets of $237K (revenue +0.8% year-over-year).
2011: Revenue of $155K, expenses of $153K, and assets of $245K.

Data Sources and Methodology

This transparency report for Depot Exchange 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.