Gold Nugget Triathlon Incorporated
Gold Nugget Triathlon Incorporated consistently operates with no liabilities and zero officer compensation, directing funds to event operations.
EIN: 200185286 · Anchorage, AK · NTEE: N70 · Updated: 2026-03-28
Is Gold Nugget Triathlon Incorporated Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Gold Nugget Triathlon Incorporated directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Gold Nugget Triathlon Incorporated
Gold Nugget Triathlon Incorporated (EIN: 200185286) is a nonprofit organization based in Anchorage, AK, classified under NTEE code N70. The organization reported total revenue of $188K and total assets of $82K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gold Nugget Triathlon Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gold Nugget Triathlon Incorporated is a small nonprofit that has been operating for 22 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 | $175K |
| Total Expenses | $157K |
| Surplus / Deficit | +$18K |
| Total Assets | $71K |
| Net Assets | $71K |
| Operating Margin | 10.1% |
| Months of Reserves | 5.4 months |
Financial Health Grade: A
In 2023, Gold Nugget Triathlon Incorporated reported a surplus of $18K with revenue exceeding expenses, holds 5.4 months of operating reserves (adequate).
Financial Trends
Over 13 years of filings (2011–2023), Gold Nugget Triathlon Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 3.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.4% | -0.4% | +33.1% |
| 2022 | +302.2% | +23.8% | +1.1% |
| 2021 | -67.8% | +53.4% | -62.6% |
| 2020 | -29.4% | -57.0% | +38.5% |
| 2019 | +12.5% | +8.4% | -16.7% |
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 Gold Nugget Triathlon Incorporated with a Mission Score of 90 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, Gold Nugget Triathlon Incorporated 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 $18K, with revenue exceeding expenses.
Executive Compensation Analysis
Gold Nugget Triathlon Incorporated consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either volunteer-based or compensated through other means not classified as officer compensation, which is a positive sign for resource allocation.
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 Gold Nugget Triathlon Incorporated:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds.
- Zero reported liabilities across all filings, demonstrating strong financial health.
- Consistent filing of IRS Form 990s over 13 periods, showing commitment to transparency.
- Strong recovery in revenue from $39,355 in 2021 to $174,696 in 2023, indicating resilience and effective operations.
- Maintains positive assets, with $70,786 in 2023, providing a buffer for operations.
Frequently Asked Questions about Gold Nugget Triathlon Incorporated
Is Gold Nugget Triathlon Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Gold Nugget Triathlon Incorporated (EIN: 200185286) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Gold Nugget Triathlon Incorporated spend its money?
Gold Nugget Triathlon Incorporated directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Gold Nugget Triathlon Incorporated tax-deductible?
Gold Nugget Triathlon Incorporated is registered as a tax-exempt nonprofit (EIN: 200185286). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Gold Nugget Triathlon Incorporated financially stable?
Yes, the organization appears financially stable. They consistently report zero liabilities and have maintained positive assets, with $70,786 in assets as of 2023, demonstrating responsible financial management.
How does Gold Nugget Triathlon Incorporated use its funds?
Based on the 0% officer compensation and the nature of their NTEE code (N70 - Sports, Recreational, & Leisure Activities), it's highly probable that the vast majority of their funds are directly used for organizing and supporting triathlon events, which aligns with their mission.
What caused the significant revenue drop in 2021?
The revenue dropped from $122,103 in 2020 to $39,355 in 2021. This significant decrease could be attributed to external factors like the lingering impact of the COVID-19 pandemic on large-scale sporting events, which likely affected participation and sponsorship opportunities.
Filing History
IRS 990 filing history for Gold Nugget Triathlon Incorporated showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Gold Nugget Triathlon Incorporated's revenue has grown by 47.6%, moving from $118K to $175K. Total assets decreased by 34.1% over the same period, from $107K to $71K. Total functional expenses rose by 67.6%, from $94K to $157K. In its most recent filing year (2023), Gold Nugget Triathlon Incorporated reported a surplus of $18K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $175K | $157K | $71K | $0 | — | — |
| 2022 | $158K | $158K | $53K | $0 | — | View 990 |
| 2021 | $39K | $127K | $53K | $0 | — | View 990 |
| 2020 | $122K | $83K | $141K | $0 | — | — |
| 2019 | $173K | $193K | $102K | $0 | — | View 990 |
| 2018 | $154K | $178K | $122K | $0 | — | View 990 |
| 2017 | $141K | $135K | $146K | $0 | — | View 990 |
| 2016 | $158K | $162K | $140K | $0 | — | View 990 |
| 2015 | $155K | $155K | $146K | $0 | — | View 990 |
| 2014 | $145K | $146K | $146K | $0 | — | View 990 |
| 2013 | $132K | $110K | $146K | $0 | — | View 990 |
| 2012 | $128K | $112K | $124K | $180 | — | — |
| 2011 | $118K | $94K | $107K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $175K, expenses of $157K, and assets of $71K (revenue +10.4% year-over-year).
- 2022: Revenue of $158K, expenses of $158K, and assets of $53K (revenue +302.2% year-over-year).
- 2021: Revenue of $39K, expenses of $127K, and assets of $53K (revenue -67.8% year-over-year).
- 2020: Revenue of $122K, expenses of $83K, and assets of $141K (revenue -29.4% year-over-year).
- 2019: Revenue of $173K, expenses of $193K, and assets of $102K (revenue +12.5% year-over-year).
- 2018: Revenue of $154K, expenses of $178K, and assets of $122K (revenue +9.2% year-over-year).
- 2017: Revenue of $141K, expenses of $135K, and assets of $146K (revenue -10.8% year-over-year).
- 2016: Revenue of $158K, expenses of $162K, and assets of $140K (revenue +1.8% year-over-year).
- 2015: Revenue of $155K, expenses of $155K, and assets of $146K (revenue +6.6% year-over-year).
- 2014: Revenue of $145K, expenses of $146K, and assets of $146K (revenue +10.0% year-over-year).
- 2013: Revenue of $132K, expenses of $110K, and assets of $146K (revenue +3.1% year-over-year).
- 2012: Revenue of $128K, expenses of $112K, and assets of $124K (revenue +8.4% year-over-year).
- 2011: Revenue of $118K, expenses of $94K, and assets of $107K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gold Nugget Triathlon Incorporated:
Data Sources and Methodology
This transparency report for Gold Nugget Triathlon 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.