Inter Cooperative Exchange

Inter Cooperative Exchange faces significant financial deficits with declining revenue and increasing expenses in recent years.

EIN: 204792242 · Bothell, WA · NTEE: K28 · Updated: 2026-03-28

$207KRevenue

$266KAssets

60/100Mission Score (Good)

K28

About Inter Cooperative Exchange

Inter Cooperative Exchange (EIN: 204792242) is a nonprofit organization based in Bothell, WA, classified under NTEE code K28. The organization reported total revenue of $207K and total assets of $266K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Inter Cooperative Exchange's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Inter Cooperative Exchange demonstrates a consistent operational history with 13 filings, indicating a commitment to regulatory compliance. However, recent financial trends show a concerning pattern of declining revenue and increasing expenses, leading to significant net losses. In the 202306 period, the organization reported revenue of $134,270 against expenses of $355,223, resulting in a deficit of over $220,000. This trend is also visible in 202206 and 202106, where expenses exceeded revenue. While the organization has maintained zero officer compensation across all reported periods, which is a positive sign for resource allocation, the sustained operational deficits raise questions about long-term financial sustainability and the efficiency of its spending relative to its mission. The organization's assets have also seen a decline from a high of $596,297 in 201606 to $334,471 in 202306, further indicating financial strain. The lack of detailed expense breakdowns in the provided data makes it difficult to fully assess spending efficiency between programs, administration, and fundraising.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Inter Cooperative Exchange with a Mission Score of 60 out of 100 (Good). 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, Inter Cooperative Exchange 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 is reported as 0% across all available filing periods, indicating that no officers received compensation, which is highly favorable for a nonprofit of its size ($207,292 latest revenue) and suggests a volunteer-driven 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 Inter Cooperative Exchange's IRS 990 filings:

Consistent and significant operational deficits in recent years (e.g., -$220,953 in 202306).
Declining revenue trend from $456,486 in 201906 to $134,270 in 202306.
Decreasing asset base from $596,297 in 201606 to $334,471 in 202306.

Strengths

The following positive indicators were identified for Inter Cooperative Exchange:

Zero officer compensation reported across all filing periods, indicating efficient use of leadership resources.
Long history of IRS 990 filings (13 filings), suggesting consistent regulatory compliance.

Frequently Asked Questions about Inter Cooperative Exchange

Is Inter Cooperative Exchange financially sustainable given recent deficits?

The organization has reported significant deficits in the last three periods (202306: -$220,953; 202206: -$33,641; 202106: -$5,411), raising concerns about its long-term financial sustainability without a reversal of these trends.

What is the cause of the declining revenue?

Revenue has decreased from a high of $456,486 in 201906 to $134,270 in 202306. The specific reasons for this decline are not detailed in the provided financial summary but warrant further investigation.

How does the organization cover its operational deficits?

With consistent deficits, the organization appears to be drawing down its assets, which have decreased from $554,520 in 202106 to $334,471 in 202306, or potentially relying on reserves or other undisclosed funding mechanisms.

Filing History

IRS 990 filing history for Inter Cooperative Exchange showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Inter Cooperative Exchange's revenue has declined by 71.3%, moving from $468K to $134K. Total assets increased by 51.9% over the same period, from $220K to $334K. Total functional expenses rose by 43.3%, from $248K to $355K. In its most recent filing year (2023), Inter Cooperative Exchange reported a deficit of $221K, with expenses exceeding revenue. The organization holds $67K in liabilities against $334K in assets (debt-to-asset ratio: 20.1%), resulting in net assets of $267K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$134K	$355K	$334K	$67K	—	View 990
2022	$314K	$348K	$497K	$9K	—	View 990
2021	$411K	$417K	$555K	$33K	—	View 990
2020	$424K	$431K	$544K	$17K	—	—
2019	$456K	$366K	$542K	$7K	—	View 990
2018	$314K	$351K	$455K	$10K	—	View 990
2017	$296K	$380K	$481K	$0	—	View 990
2016	$404K	$317K	$596K	$30K	—	View 990
2015	$405K	$289K	$486K	$6K	—	View 990
2014	$409K	$372K	$371K	$7K	—	View 990
2013	$350K	$727K	$326K	$0	—	View 990
2012	$781K	$298K	$703K	$0	—	View 990
2011	$468K	$248K	$220K	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $134K, expenses of $355K, and assets of $334K (revenue -57.3% year-over-year).
2022: Revenue of $314K, expenses of $348K, and assets of $497K (revenue -23.6% year-over-year).
2021: Revenue of $411K, expenses of $417K, and assets of $555K (revenue -2.9% year-over-year).
2020: Revenue of $424K, expenses of $431K, and assets of $544K (revenue -7.2% year-over-year).
2019: Revenue of $456K, expenses of $366K, and assets of $542K (revenue +45.2% year-over-year).
2018: Revenue of $314K, expenses of $351K, and assets of $455K (revenue +6.3% year-over-year).
2017: Revenue of $296K, expenses of $380K, and assets of $481K (revenue -26.9% year-over-year).
2016: Revenue of $404K, expenses of $317K, and assets of $596K (revenue -0.2% year-over-year).
2015: Revenue of $405K, expenses of $289K, and assets of $486K (revenue -1.0% year-over-year).
2014: Revenue of $409K, expenses of $372K, and assets of $371K (revenue +16.9% year-over-year).
2013: Revenue of $350K, expenses of $727K, and assets of $326K (revenue -55.2% year-over-year).
2012: Revenue of $781K, expenses of $298K, and assets of $703K (revenue +66.9% year-over-year).
2011: Revenue of $468K, expenses of $248K, and assets of $220K.

Data Sources and Methodology

This transparency report for Inter Cooperative Exchange 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.