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

$141KRevenue

$10KAssets

40/100Mission Score (Fair)

P990

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.

AI Transparency Report

Flywheel Skill Share Inc. exhibits concerning financial trends, particularly in its most recent filing (202212) where expenses ($310,195) significantly outstripped revenue ($140,748), resulting in a substantial net loss and a drastic reduction in assets from $183,069 in 2021 to $9,701. This indicates a potential liquidity crisis or a significant operational shift. While the organization has historically maintained a relatively stable revenue stream, the sharp decline in 2022 raises questions about its long-term sustainability. The consistent reporting of 0% officer compensation across all filings suggests a commitment to minimizing administrative overhead in this area, which is a positive indicator of spending efficiency regarding leadership salaries.

However, the overall spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which is not provided in the summary data. The dramatic drop in assets and the negative financial performance in the latest period are significant red flags. Transparency regarding the cause of this financial downturn and how the organization plans to address it would be crucial for stakeholders. The organization's NTEE code P990 (Unknown) also suggests a lack of specific categorization, which can sometimes hinder clear understanding of its mission and activities.

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.

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

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.	PDF
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.

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.