Gold Medal Park Conservancy
Gold Medal Park Conservancy maintains strong assets and zero officer compensation amidst fluctuating revenues.
EIN: 205016461 · Wayzata, MN · NTEE: N32 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $366K |
| Total Expenses | $292K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $5 |
| Net Assets | $5.5M |
| Transparency Score | 92/100 |
Is Gold Medal Park Conservancy Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Gold Medal Park Conservancy directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Gold Medal Park Conservancy
Gold Medal Park Conservancy (EIN: 205016461) is a nonprofit organization based in Wayzata, MN, classified under NTEE code N32. The organization reported total revenue of $366K and total assets of $5.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gold Medal Park Conservancy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gold Medal Park Conservancy is a small nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $421K |
| Total Expenses | $292K |
| Surplus / Deficit | +$129K |
| Total Assets | $5.5M |
| Total Liabilities | $1 |
| Net Assets | $5.5M |
| Operating Margin | 30.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 225.9 months |
Financial Health Grade: A
In 2023, Gold Medal Park Conservancy reported a surplus of $129K with revenue exceeding expenses, holds 225.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Gold Medal Park Conservancy's revenue has grown at a compound annual growth rate (CAGR) of 7.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -74.7% | +25.4% | +2.4% |
| 2022 | +602.6% | -13.1% | +36.3% |
| 2021 | +114.2% | +48.9% | -0.8% |
| 2020 | -70.6% | -26.6% | -1.5% |
| 2019 | -79.5% | -33.0% | -0.6% |
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 Gold Medal Park Conservancy 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Gold Medal Park Conservancy allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. 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 $129K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries from the organization, which is highly unusual for an organization with over $5 million in assets and suggests a volunteer-led or externally funded leadership structure.
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 Gold Medal Park Conservancy's IRS 990 filings:
- Highly fluctuating revenue, which could indicate reliance on large, infrequent grants or donations, potentially impacting long-term operational predictability.
Strengths
The following positive indicators were identified for Gold Medal Park Conservancy:
- Consistent 0% officer compensation, indicating high efficiency and dedication to mission.
- Substantial and consistently growing assets, reaching $5,499,158 in 202312, demonstrating strong financial health.
- Minimal liabilities across all filing periods, indicating excellent debt management and financial stability.
- Consistent filing of IRS Form 990s over a decade, showing commitment to transparency.
- Strong program focus implied by the absence of officer compensation and the nature of a conservancy.
Frequently Asked Questions about Gold Medal Park Conservancy
Is Gold Medal Park Conservancy a legitimate charity?
Gold Medal Park Conservancy (EIN: 205016461) is a registered tax-exempt nonprofit based in Minnesota. Our AI analysis gives it a Mission Score of 92/100. It has 10 years of IRS 990 filings on record. Total revenue: $366K. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Gold Medal Park Conservancy spend its money?
Gold Medal Park Conservancy directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Gold Medal Park Conservancy tax-deductible?
Gold Medal Park Conservancy is registered as a tax-exempt nonprofit (EIN: 205016461). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Gold Medal Park Conservancy CEO make?
Gold Medal Park Conservancy's highest-compensated officer earns $5 annually. The organization reported $366K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Gold Medal Park Conservancy's spending goes to programs?
Gold Medal Park Conservancy directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Gold Medal Park Conservancy compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Gold Medal Park Conservancy is above average for NTEE category N32 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Gold Medal Park Conservancy located?
Gold Medal Park Conservancy is headquartered in Wayzata, Minnesota and files with the IRS under EIN 205016461. It is classified under NTEE code N32.
How many years of IRS 990 filings does Gold Medal Park Conservancy have?
Gold Medal Park Conservancy has 10 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 $366K in total revenue.
Is Gold Medal Park Conservancy a good charity?
Based on the available financial data, Gold Medal Park Conservancy appears to be a very good charity. It consistently reports 0% officer compensation, maintains substantial and growing assets ($5,499,158 in 202312), and has minimal liabilities, indicating strong financial health and efficient use of funds.
How does Gold Medal Park Conservancy manage its assets?
The organization has shown consistent growth in assets, from $12,723 in 201112 to $5,499,158 in 202312. This growth, coupled with minimal liabilities, suggests effective asset management and investment, likely in line with its conservancy mission.
What is the trend in Gold Medal Park Conservancy's revenue?
Revenue has been highly variable, with significant peaks (e.g., $2,197,172 in 201412) and lower periods (e.g., $110,564 in 202012). The latest reported revenue for 202312 was $421,023, indicating a return to more moderate levels after a high in 202212 ($1,664,397).
Filing History
IRS 990 filing history for Gold Medal Park Conservancy showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Gold Medal Park Conservancy's revenue has grown by 147.7%, moving from $170K to $421K. Total assets increased by 43122.2% over the same period, from $13K to $5.5M. Total functional expenses rose by 63.3%, from $179K to $292K. In its most recent filing year (2023), Gold Medal Park Conservancy reported a surplus of $129K, with revenue exceeding expenses. The organization holds $1 in liabilities against $5.5M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $5.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $421K | $292K | $5.5M | $1 | — | — |
| 2022 | $1.7M | $233K | $5.4M | $1 | — | View 990 |
| 2021 | $237K | $268K | $3.9M | $1 | — | View 990 |
| 2020 | $111K | $180K | $4.0M | $1 | — | View 990 |
| 2019 | $376K | $245K | $4.0M | $0 | — | View 990 |
| 2015 | $1.8M | $366K | $4.1M | $550K | — | View 990 |
| 2014 | $2.2M | $130K | $3.2M | $1.1M | — | View 990 |
| 2013 | $207K | $209K | $10K | $1 | — | View 990 |
| 2012 | $195K | $197K | $11K | $1 | — | View 990 |
| 2011 | $170K | $179K | $13K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $421K, expenses of $292K, and assets of $5.5M (revenue -74.7% year-over-year).
- 2022: Revenue of $1.7M, expenses of $233K, and assets of $5.4M (revenue +602.6% year-over-year).
- 2021: Revenue of $237K, expenses of $268K, and assets of $3.9M (revenue +114.2% year-over-year).
- 2020: Revenue of $111K, expenses of $180K, and assets of $4.0M (revenue -70.6% year-over-year).
- 2019: Revenue of $376K, expenses of $245K, and assets of $4.0M (revenue -79.5% year-over-year).
- 2015: Revenue of $1.8M, expenses of $366K, and assets of $4.1M (revenue -16.4% year-over-year).
- 2014: Revenue of $2.2M, expenses of $130K, and assets of $3.2M (revenue +960.0% year-over-year).
- 2013: Revenue of $207K, expenses of $209K, and assets of $10K (revenue +6.3% year-over-year).
- 2012: Revenue of $195K, expenses of $197K, and assets of $11K (revenue +14.7% year-over-year).
- 2011: Revenue of $170K, expenses of $179K, and assets of $13K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gold Medal Park Conservancy:
Data Sources and Methodology
This transparency report for Gold Medal Park Conservancy 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.