Hot Tubes Development Cycling Team Inc
EIN: 43817370 · Shirley, MA · NTEE: N60
| Metric | Value |
|---|---|
| Total Revenue | $273K |
| Total Expenses | $227K |
| Net Assets | $46K |
Is Hot Tubes Development Cycling Team Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Hot Tubes Development Cycling Team Inc
Hot Tubes Development Cycling Team Inc (EIN: 43817370) is a nonprofit organization based in Shirley, MA, classified under NTEE code N60. The organization reported total revenue of $273K and total assets of $69K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hot Tubes Development Cycling Team Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hot Tubes Development Cycling Team Inc is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $185K |
| Total Expenses | $227K |
| Surplus / Deficit | $-41,550 |
| Total Assets | $51K |
| Total Liabilities | $5K |
| Net Assets | $46K |
| Operating Margin | -22.5% |
| Debt-to-Asset Ratio | 10.5% |
| Months of Reserves | 2.7 months |
Financial Health Grade: C
In 2023, Hot Tubes Development Cycling Team Inc reported a deficit of $42K with expenses exceeding revenue, holds 2.7 months of operating reserves (limited), has a debt-to-asset ratio of 10.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Hot Tubes Development Cycling Team Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -12.7% | -11.6% | -41.6% |
| 2022 | +11.0% | +29.6% | -33.7% |
| 2021 | -32.0% | +1.7% | -4.8% |
| 2020 | +20.8% | +-0.0% | +149.0% |
| 2019 | +23.1% | -17.8% | +11.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Hot Tubes Development Cycling Team Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Hot Tubes Development Cycling Team Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $42K, with expenses exceeding revenue.
- Debt-to-asset ratio: 10.5%.
Frequently Asked Questions about Hot Tubes Development Cycling Team Inc
Is Hot Tubes Development Cycling Team Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Hot Tubes Development Cycling Team Inc (EIN: 43817370) insufficient data. 0 red flags identified, 0 strengths noted.
How does Hot Tubes Development Cycling Team Inc spend its money?
Detailed spending breakdown data is not yet available for Hot Tubes Development Cycling Team Inc. Check back for updated IRS 990 analysis.
Are donations to Hot Tubes Development Cycling Team Inc tax-deductible?
Hot Tubes Development Cycling Team Inc is registered as a tax-exempt nonprofit (EIN: 43817370). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Hot Tubes Development Cycling Team Inc located?
Hot Tubes Development Cycling Team Inc is headquartered in Shirley, Massachusetts and files with the IRS under EIN 43817370. It is classified under NTEE code N60.
How many years of IRS 990 filings does Hot Tubes Development Cycling Team Inc have?
Hot Tubes Development Cycling Team Inc has 13 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 $273K in total revenue.
Filing History
IRS 990 filing history for Hot Tubes Development Cycling Team Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Hot Tubes Development Cycling Team Inc's revenue has grown by 24.8%, moving from $148K to $185K. Total assets decreased by 14.1% over the same period, from $60K to $51K. Total functional expenses rose by 87.8%, from $121K to $227K. In its most recent filing year (2023), Hot Tubes Development Cycling Team Inc reported a deficit of $42K, with expenses exceeding revenue. The organization holds $5K in liabilities against $51K in assets (debt-to-asset ratio: 10.5%), resulting in net assets of $46K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $185K | $227K | $51K | $5K | — | View 990 |
| 2022 | $212K | $256K | $88K | $172 | — | View 990 |
| 2021 | $191K | $198K | $132K | $245 | — | View 990 |
| 2020 | $281K | $195K | $139K | $25 | — | View 990 |
| 2019 | $232K | $195K | $56K | $3K | — | View 990 |
| 2018 | $189K | $237K | $50K | $36K | — | View 990 |
| 2017 | $189K | $190K | $85K | $23K | — | View 990 |
| 2016 | $227K | $242K | $95K | $31K | — | View 990 |
| 2015 | $238K | $267K | $117K | $38K | — | View 990 |
| 2014 | $202K | $157K | $107K | $0 | — | View 990 |
| 2013 | $174K | $143K | $67K | $0 | — | View 990 |
| 2012 | $158K | $176K | $36K | $0 | — | View 990 |
| 2011 | $148K | $121K | $60K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $185K, expenses of $227K, and assets of $51K (revenue -12.7% year-over-year).
- 2022: Revenue of $212K, expenses of $256K, and assets of $88K (revenue +11.0% year-over-year).
- 2021: Revenue of $191K, expenses of $198K, and assets of $132K (revenue -32.0% year-over-year).
- 2020: Revenue of $281K, expenses of $195K, and assets of $139K (revenue +20.8% year-over-year).
- 2019: Revenue of $232K, expenses of $195K, and assets of $56K (revenue +23.1% year-over-year).
- 2018: Revenue of $189K, expenses of $237K, and assets of $50K (revenue +0.0% year-over-year).
- 2017: Revenue of $189K, expenses of $190K, and assets of $85K (revenue -16.9% year-over-year).
- 2016: Revenue of $227K, expenses of $242K, and assets of $95K (revenue -4.6% year-over-year).
- 2015: Revenue of $238K, expenses of $267K, and assets of $117K (revenue +18.2% year-over-year).
- 2014: Revenue of $202K, expenses of $157K, and assets of $107K (revenue +15.7% year-over-year).
- 2013: Revenue of $174K, expenses of $143K, and assets of $67K (revenue +10.5% year-over-year).
- 2012: Revenue of $158K, expenses of $176K, and assets of $36K (revenue +6.3% year-over-year).
- 2011: Revenue of $148K, expenses of $121K, and assets of $60K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hot Tubes Development Cycling Team Inc:
Data Sources and Methodology
This transparency report for Hot Tubes Development Cycling Team 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.