Flywheel Skill Share Inc
Flywheel Skill Share Inc. faces severe financial challenges with 2022 expenses more than double its revenue, leading to a near depletion of assets.
EIN: 203307122 · Stoughton, WI · NTEE: P990 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $141K |
| Total Expenses | $310K |
| Program Spending | 75% |
| Net Assets | $9K |
| Transparency Score | 40/100 |
Search Intent Cockpit
Flywheel Skill Share Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Flywheel Skill Share Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Flywheel Skill Share Inc in one place.
Form 990 Filing Summary
12 filing years are available, with latest revenue of $141K and expenses of $310K.
Revenue and Expenses
Flywheel Skill Share Inc reported $141K in revenue and $310K in expenses, a deficit of $169K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
40/100 mission score, 4 red flags, and 2 strengths are shown from structured and AI review.
Is Flywheel Skill Share Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $233K (75%) |
Across stored filings, Flywheel Skill Share Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Significant Concerns | Good filing record; 4 red flags identified |
| Mission spend | 75% to programs | Excellent |
| Financial durability | Grade C | 12 stored filing years |
| Peer context | Compare with National Tribal Childs Support Association | Wisconsin and Human Services context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
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Local and Sector Spokes
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Jump into spending, compensation, rankings, and filing-year evidence.
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Keep the Investigation Moving
Flywheel Skill Share Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Flywheel Skill Share Inc
Flywheel Skill Share Inc (EIN: 203307122) is a nonprofit organization based in Stoughton, WI, classified under NTEE code P990. The organization reported total revenue of $141K and total assets of $10K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Flywheel Skill Share Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Flywheel Skill Share Inc is a small nonprofit that has been operating for 20 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of -3.8%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $141K |
| Total Expenses | $310K |
| Surplus / Deficit | $-169,447 |
| Total Assets | $10K |
| Total Liabilities | $1K |
| Net Assets | $9K |
| Operating Margin | -120.4% |
| Debt-to-Asset Ratio | 10.7% |
| Months of Reserves | 0.4 months |
Financial Health Grade: C
In 2022, Flywheel Skill Share Inc reported a deficit of $169K with expenses exceeding revenue, holds 0.4 months of operating reserves (limited), has a debt-to-asset ratio of 10.7% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2022), Flywheel Skill Share Inc's revenue has declined at a compound annual growth rate (CAGR) of -3.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -68.9% | -26.0% | -94.7% |
| 2021 | +8.1% | +2.3% | +17.4% |
| 2020 | +18.4% | +14.1% | +12.0% |
| 2019 | -2.7% | +3.7% | -8.8% |
| 2018 | +21.9% | +29.2% | -7.7% |
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 Flywheel Skill Share Inc with a Mission Score of 40 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Flywheel Skill Share Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $169K, with expenses exceeding revenue.
- Debt-to-asset ratio: 10.7%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no officers or key employees received compensation, which is highly efficient for an organization of its size.
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 Flywheel Skill Share Inc's IRS 990 filings:
- Significant net loss in 2022 ($169,447, calculated as $140,748 revenue - $310,195 expenses).
- Drastic reduction in assets from $183,069 in 2021 to $9,701 in 2022.
- Expenses ($310,195) more than doubled revenue ($140,748) in the latest filing period.
- NTEE code P990 ('Unknown') suggests a lack of clear categorization for its mission.
Strengths
The following positive indicators were identified for Flywheel Skill Share Inc:
- Consistent reporting of 0% officer compensation across all filings, indicating no executive salary burden.
- Historically maintained a relatively stable revenue stream prior to 2022, averaging over $300,000 annually.
Frequently Asked Questions about Flywheel Skill Share Inc
Is Flywheel Skill Share Inc a legitimate charity?
Flywheel Skill Share Inc (EIN: 203307122) is a registered tax-exempt nonprofit based in Wisconsin. Our AI analysis gives it a Mission Score of 40/100. It has 12 years of IRS 990 filings on record. Total revenue: $141K. 4 red flags identified. 2 strengths noted. Financial health grade: C.
How does Flywheel Skill Share Inc spend its money?
Flywheel Skill Share Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Flywheel Skill Share Inc tax-deductible?
Flywheel Skill Share Inc is registered as a tax-exempt nonprofit (EIN: 203307122). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Flywheel Skill Share Inc's spending goes to programs?
Flywheel Skill Share Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Flywheel Skill Share Inc compare to similar nonprofits?
With a transparency score of 40/100 (Fair), Flywheel Skill Share Inc is near average for NTEE category P990 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Flywheel Skill Share Inc located?
Flywheel Skill Share Inc is headquartered in Stoughton, Wisconsin and files with the IRS under EIN 203307122. It is classified under NTEE code P990.
How many years of IRS 990 filings does Flywheel Skill Share Inc have?
Flywheel Skill Share Inc has 12 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 $141K in total revenue.
What caused the significant drop in revenue and assets in the 2022 fiscal year?
The provided data shows revenue decreased from $452,629 in 2021 to $140,748 in 2022, and assets plummeted from $183,069 to $9,701. The specific reasons are not detailed in the summary data and would require further investigation into the full 990 filing.
How does Flywheel Skill Share Inc. plan to address its current financial deficit and rebuild its asset base?
In 2022, expenses ($310,195) significantly exceeded revenue ($140,748), resulting in a substantial net loss. The summary data does not provide information on the organization's strategies to overcome this deficit or restore its assets.
What are the specific program activities and their associated costs?
The NTEE code P990 ('Unknown') and the summary data do not provide a detailed breakdown of program activities or their specific costs, making it difficult to assess program effectiveness.
Filing History
IRS 990 filing history for Flywheel Skill Share Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Flywheel Skill Share Inc's revenue has declined by 35%, moving from $216K to $141K. Total assets decreased by 79.6% over the same period, from $47K to $10K. Total functional expenses rose by 16%, from $267K to $310K. In its most recent filing year (2022), Flywheel Skill Share Inc reported a deficit of $169K, with expenses exceeding revenue. The organization holds $1K in liabilities against $10K in assets (debt-to-asset ratio: 10.7%), resulting in net assets of $9K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $141K | $310K | $10K | $1K | — | View 990 |
| 2021 | $453K | $419K | $183K | $15K | — | View 990 |
| 2020 | $419K | $410K | $156K | $22K | — | — |
| 2019 | $354K | $359K | $139K | $14K | — | View 990 |
| 2018 | $363K | $347K | $153K | $21K | — | View 990 |
| 2017 | $298K | $268K | $166K | $51K | — | View 990 |
| 2016 | $332K | $283K | $110K | $25K | — | View 990 |
| 2015 | $386K | $339K | $53K | $17K | — | View 990 |
| 2014 | $312K | $341K | $16K | $27K | — | View 990 |
| 2013 | $361K | $338K | $44K | $14K | — | View 990 |
| 2012 | $221K | $242K | $25K | $18K | — | View 990 |
| 2011 | $216K | $267K | $47K | $18K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $141K, expenses of $310K, and assets of $10K (revenue -68.9% year-over-year).
- 2021: Revenue of $453K, expenses of $419K, and assets of $183K (revenue +8.1% year-over-year).
- 2020: Revenue of $419K, expenses of $410K, and assets of $156K (revenue +18.4% year-over-year).
- 2019: Revenue of $354K, expenses of $359K, and assets of $139K (revenue -2.7% year-over-year).
- 2018: Revenue of $363K, expenses of $347K, and assets of $153K (revenue +21.9% year-over-year).
- 2017: Revenue of $298K, expenses of $268K, and assets of $166K (revenue -10.2% year-over-year).
- 2016: Revenue of $332K, expenses of $283K, and assets of $110K (revenue -14.1% year-over-year).
- 2015: Revenue of $386K, expenses of $339K, and assets of $53K (revenue +23.7% year-over-year).
- 2014: Revenue of $312K, expenses of $341K, and assets of $16K (revenue -13.6% year-over-year).
- 2013: Revenue of $361K, expenses of $338K, and assets of $44K (revenue +63.7% year-over-year).
- 2012: Revenue of $221K, expenses of $242K, and assets of $25K (revenue +1.9% year-over-year).
- 2011: Revenue of $216K, expenses of $267K, and assets of $47K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Flywheel Skill Share Inc:
Data Sources and Methodology
This transparency report for Flywheel Skill Share 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.