Door County Triathlon Inc
Door County Triathlon Inc. shows consistent revenue generation and no executive compensation, with recent asset growth.
EIN: 202362640 · De Pere, WI · NTEE: T12 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $439K |
| Total Expenses | $386K |
| Program Spending | 90% |
| Net Assets | $19K |
| Transparency Score | 92/100 |
Is Door County Triathlon Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Door County Triathlon Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Door County Triathlon Inc
Door County Triathlon Inc (EIN: 202362640) is a nonprofit organization based in De Pere, WI, classified under NTEE code T12. The organization reported total revenue of $439K and total assets of $134K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Door County Triathlon Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Door County Triathlon Inc is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $400K |
| Total Expenses | $386K |
| Surplus / Deficit | +$14K |
| Total Assets | $113K |
| Total Liabilities | $94K |
| Net Assets | $19K |
| Operating Margin | 3.4% |
| Debt-to-Asset Ratio | 83.3% |
| Months of Reserves | 3.5 months |
Financial Health Grade: A
In 2023, Door County Triathlon Inc reported a surplus of $14K with revenue exceeding expenses, holds 3.5 months of operating reserves (adequate), has a debt-to-asset ratio of 83.3% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Door County Triathlon Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.4% | +1.8% | +1984.1% |
| 2022 | -7.3% | +9.4% | +144.5% |
| 2021 | +2144.8% | +442.8% | -97.1% |
| 2020 | -95.2% | -83.4% | +32.5% |
| 2019 | +4.0% | +7.0% | -13.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| 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 Door County Triathlon 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, Door County Triathlon 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 surplus of $14K, with revenue exceeding expenses.
- Debt-to-asset ratio: 83.3%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This is a significant positive, suggesting that all revenue is directed towards operational costs and program delivery, enhancing its financial efficiency and mission focus.
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 Door County Triathlon Inc's IRS 990 filings:
- Significant increase in liabilities in 2023 ($94,337) compared to previous years, though still covered by assets.
Strengths
The following positive indicators were identified for Door County Triathlon Inc:
- Consistent revenue generation covering expenses in most years.
- Zero reported officer compensation across all filings, indicating high efficiency and mission focus.
- Strong asset growth in recent years, from $5,437 in 2022 to $113,312 in 2023.
- Demonstrated financial resilience, recovering well from the 2020 revenue dip.
Frequently Asked Questions about Door County Triathlon Inc
Is Door County Triathlon Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Door County Triathlon Inc (EIN: 202362640) some concerns. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.
How does Door County Triathlon Inc spend its money?
Door County Triathlon Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Door County Triathlon Inc tax-deductible?
Door County Triathlon Inc is registered as a tax-exempt nonprofit (EIN: 202362640). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Door County Triathlon Inc's spending goes to programs?
Door County Triathlon Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Door County Triathlon Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Door County Triathlon Inc is above average for NTEE category T12 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Door County Triathlon Inc located?
Door County Triathlon Inc is headquartered in De Pere, Wisconsin and files with the IRS under EIN 202362640. It is classified under NTEE code T12.
How many years of IRS 990 filings does Door County Triathlon Inc have?
Door County Triathlon 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 $439K in total revenue.
Is Door County Triathlon Inc. a good charity?
Based on the provided financial data, Door County Triathlon Inc. appears to be a well-managed organization. It consistently generates revenue to cover expenses, has growing assets, and notably reports 0% officer compensation, indicating strong financial stewardship and a focus on its mission.
How has the organization's financial health changed over time?
The organization has shown resilience, particularly recovering from a significant revenue drop in 2020 ($18,401) due to the pandemic. Assets have fluctuated but show a strong upward trend in recent years, from $2,224 in 2021 to $113,312 in 2023, indicating improved financial stability.
What is the organization's approach to executive compensation?
Door County Triathlon Inc. reports no officer compensation in any of its available IRS 990 filings. This suggests a volunteer-led or very lean executive structure, which is a strong indicator of financial efficiency and dedication to its mission.
Filing History
IRS 990 filing history for Door County Triathlon Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Door County Triathlon Inc's revenue has grown by 47.2%, moving from $272K to $400K. Total assets increased by 255.8% over the same period, from $32K to $113K. Total functional expenses rose by 42.4%, from $271K to $386K. In its most recent filing year (2023), Door County Triathlon Inc reported a surplus of $14K, with revenue exceeding expenses. The organization holds $94K in liabilities against $113K in assets (debt-to-asset ratio: 83.3%), resulting in net assets of $19K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $400K | $386K | $113K | $94K | — | — |
| 2022 | $383K | $379K | $5K | $54 | — | View 990 |
| 2021 | $413K | $347K | $2K | $495 | — | View 990 |
| 2020 | $18K | $64K | $78K | $143K | — | View 990 |
| 2019 | $380K | $384K | $59K | $78K | — | View 990 |
| 2018 | $365K | $359K | $68K | $83K | — | View 990 |
| 2017 | $471K | $506K | $126K | $146K | — | View 990 |
| 2016 | $460K | $456K | $15K | $1K | — | View 990 |
| 2015 | $442K | $458K | $17K | $7K | — | View 990 |
| 2014 | $370K | $371K | $25K | $180 | — | View 990 |
| 2013 | $362K | $363K | $27K | $204 | — | View 990 |
| 2012 | $301K | $306K | $29K | $1K | — | View 990 |
| 2011 | $272K | $271K | $32K | $225 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $400K, expenses of $386K, and assets of $113K (revenue +4.4% year-over-year).
- 2022: Revenue of $383K, expenses of $379K, and assets of $5K (revenue -7.3% year-over-year).
- 2021: Revenue of $413K, expenses of $347K, and assets of $2K (revenue +2144.8% year-over-year).
- 2020: Revenue of $18K, expenses of $64K, and assets of $78K (revenue -95.2% year-over-year).
- 2019: Revenue of $380K, expenses of $384K, and assets of $59K (revenue +4.0% year-over-year).
- 2018: Revenue of $365K, expenses of $359K, and assets of $68K (revenue -22.6% year-over-year).
- 2017: Revenue of $471K, expenses of $506K, and assets of $126K (revenue +2.4% year-over-year).
- 2016: Revenue of $460K, expenses of $456K, and assets of $15K (revenue +4.0% year-over-year).
- 2015: Revenue of $442K, expenses of $458K, and assets of $17K (revenue +19.7% year-over-year).
- 2014: Revenue of $370K, expenses of $371K, and assets of $25K (revenue +2.1% year-over-year).
- 2013: Revenue of $362K, expenses of $363K, and assets of $27K (revenue +20.2% year-over-year).
- 2012: Revenue of $301K, expenses of $306K, and assets of $29K (revenue +10.8% year-over-year).
- 2011: Revenue of $272K, expenses of $271K, and assets of $32K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Door County Triathlon Inc:
Data Sources and Methodology
This transparency report for Door County Triathlon 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.