Dragonheart Vermont Incorporated
Dragonheart Vermont maintains stable finances with consistent revenue and no reported officer compensation.
EIN: 201199994 · S Burlington, VT · NTEE: H12 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $564K |
| Total Expenses | $482K |
| Program Spending | 85% |
| Net Assets | $840K |
| Transparency Score | 88/100 |
Is Dragonheart Vermont Incorporated Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Dragonheart Vermont Incorporated directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Dragonheart Vermont Incorporated
Dragonheart Vermont Incorporated (EIN: 201199994) is a nonprofit organization based in S Burlington, VT, classified under NTEE code H12. The organization reported total revenue of $564K and total assets of $944K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Dragonheart Vermont Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Dragonheart Vermont Incorporated is a small nonprofit that has been operating for 22 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 1.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $533K |
| Total Expenses | $482K |
| Surplus / Deficit | +$51K |
| Total Assets | $848K |
| Total Liabilities | $8K |
| Net Assets | $840K |
| Operating Margin | 9.6% |
| Debt-to-Asset Ratio | 0.9% |
| Months of Reserves | 21.1 months |
Financial Health Grade: A
In 2023, Dragonheart Vermont Incorporated reported a surplus of $51K with revenue exceeding expenses, holds 21.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.9% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Dragonheart Vermont Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 1.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +41.1% | +21.0% | +11.6% |
| 2022 | -11.0% | +30.8% | -13.3% |
| 2021 | +132.1% | +23.7% | +24.0% |
| 2020 | -55.4% | -36.0% | -1.5% |
| 2019 | -6.6% | -35.2% | +14.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Dragonheart Vermont Incorporated with a Mission Score of 88 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: 85%
- fundraising: 5%
According to IRS 990 filings, Dragonheart Vermont Incorporated allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $51K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.9%.
Executive Compensation Analysis
Dragonheart Vermont consistently reports 0% officer compensation across all available filings, indicating that its leadership is either entirely volunteer-based or compensated at levels not requiring disclosure as officer compensation, which is a positive sign for donor confidence.
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 Dragonheart Vermont Incorporated:
- Consistent reporting of 0% officer compensation, indicating strong volunteer involvement or modest executive pay.
- Healthy and growing asset base, reaching $847,730 in 202312, demonstrating financial stability.
- Positive net income in the most recent filing (202312: Revenue $533,456 vs. Expenses $482,137), showing effective financial management.
- Low liabilities relative to assets, with liabilities at $7,856 in 202312 against assets of $847,730.
Frequently Asked Questions about Dragonheart Vermont Incorporated
Is Dragonheart Vermont Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Dragonheart Vermont Incorporated (EIN: 201199994) appears legitimate. Mission Score: 88/100. 0 red flags identified, 4 strengths noted.
How does Dragonheart Vermont Incorporated spend its money?
Dragonheart Vermont Incorporated directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Dragonheart Vermont Incorporated tax-deductible?
Dragonheart Vermont Incorporated is registered as a tax-exempt nonprofit (EIN: 201199994). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Dragonheart Vermont Incorporated's spending goes to programs?
Dragonheart Vermont Incorporated directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Dragonheart Vermont Incorporated compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), Dragonheart Vermont Incorporated is above average for NTEE category H12 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Dragonheart Vermont Incorporated located?
Dragonheart Vermont Incorporated is headquartered in S Burlington, Vermont and files with the IRS under EIN 201199994. It is classified under NTEE code H12.
How many years of IRS 990 filings does Dragonheart Vermont Incorporated have?
Dragonheart Vermont Incorporated has 14 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 $564K in total revenue.
Is Dragonheart Vermont a good charity?
Based on the available IRS 990 data, Dragonheart Vermont appears to be a well-managed charity. It consistently reports 0% officer compensation, maintains a healthy asset base, and generally operates with a surplus, indicating efficient use of funds. Their program spending appears robust, aligning with their mission.
How has Dragonheart Vermont's financial health changed over time?
Dragonheart Vermont has shown resilience. While there were periods of deficit spending (e.g., 202212, 202012, 201812), the organization has consistently recovered, demonstrating an ability to manage expenses and generate sufficient revenue. Assets have grown from $627,306 in 201812 to $847,730 in 202312, indicating long-term financial stability.
What is Dragonheart Vermont's approach to executive compensation?
Dragonheart Vermont reports 0% officer compensation in all available filings. This suggests a strong reliance on volunteer leadership or that any compensation provided to executives falls below the reporting thresholds for 'officer compensation' on the Form 990, which is generally viewed favorably by charity evaluators.
Filing History
IRS 990 filing history for Dragonheart Vermont Incorporated showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Dragonheart Vermont Incorporated's revenue has grown by 17.5%, moving from $454K to $533K. Total assets increased by 77.7% over the same period, from $477K to $848K. Total functional expenses rose by 22.5%, from $393K to $482K. In its most recent filing year (2023), Dragonheart Vermont Incorporated reported a surplus of $51K, with revenue exceeding expenses. The organization holds $8K in liabilities against $848K in assets (debt-to-asset ratio: 0.9%), resulting in net assets of $840K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $533K | $482K | $848K | $8K | — | — |
| 2022 | $378K | $398K | $759K | $36K | — | View 990 |
| 2021 | $425K | $305K | $876K | $39K | — | View 990 |
| 2020 | $183K | $246K | $707K | $37K | — | View 990 |
| 2019 | $410K | $385K | $718K | $21K | — | View 990 |
| 2018 | $439K | $594K | $627K | $10K | — | View 990 |
| 2017 | $473K | $513K | $797K | $5K | — | View 990 |
| 2016 | $503K | $504K | $834K | $2K | — | View 990 |
| 2015 | $484K | $527K | $849K | $15K | — | View 990 |
| 2014 | $512K | $601K | $910K | $33K | — | View 990 |
| 2013 | $548K | $456K | $973K | $7K | — | View 990 |
| 2012 | $557K | $491K | $890K | $17K | — | View 990 |
| 2011 | $609K | $277K | $809K | $1K | — | View 990 |
| 2010 | $454K | $393K | $477K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $533K, expenses of $482K, and assets of $848K (revenue +41.1% year-over-year).
- 2022: Revenue of $378K, expenses of $398K, and assets of $759K (revenue -11.0% year-over-year).
- 2021: Revenue of $425K, expenses of $305K, and assets of $876K (revenue +132.1% year-over-year).
- 2020: Revenue of $183K, expenses of $246K, and assets of $707K (revenue -55.4% year-over-year).
- 2019: Revenue of $410K, expenses of $385K, and assets of $718K (revenue -6.6% year-over-year).
- 2018: Revenue of $439K, expenses of $594K, and assets of $627K (revenue -7.1% year-over-year).
- 2017: Revenue of $473K, expenses of $513K, and assets of $797K (revenue -6.0% year-over-year).
- 2016: Revenue of $503K, expenses of $504K, and assets of $834K (revenue +3.9% year-over-year).
- 2015: Revenue of $484K, expenses of $527K, and assets of $849K (revenue -5.6% year-over-year).
- 2014: Revenue of $512K, expenses of $601K, and assets of $910K (revenue -6.6% year-over-year).
- 2013: Revenue of $548K, expenses of $456K, and assets of $973K (revenue -1.6% year-over-year).
- 2012: Revenue of $557K, expenses of $491K, and assets of $890K (revenue -8.5% year-over-year).
- 2011: Revenue of $609K, expenses of $277K, and assets of $809K (revenue +34.2% year-over-year).
- 2010: Revenue of $454K, expenses of $393K, and assets of $477K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Dragonheart Vermont Incorporated:
Data Sources and Methodology
This transparency report for Dragonheart Vermont Incorporated 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.