Mad River Valley Arts Inc
Mad River Valley Arts Inc. experiences a deficit in 2023 despite revenue growth, maintaining low liabilities and no officer compensation.
EIN: 203964320 · Waitsfield, VT · NTEE: A20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $172K |
| Total Expenses | $191K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $170,000. |
| Net Assets | $70K |
| Transparency Score | 85/100 |
Is Mad River Valley Arts Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mad River Valley Arts Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mad River Valley Arts Inc
Mad River Valley Arts Inc (EIN: 203964320) is a nonprofit organization based in Waitsfield, VT, classified under NTEE code A20. The organization reported total revenue of $172K and total assets of $25K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mad River Valley Arts Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mad River Valley Arts Inc is a small nonprofit that has been operating for 20 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 7.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $173K |
| Total Expenses | $191K |
| Surplus / Deficit | $-18,347 |
| Total Assets | $71K |
| Total Liabilities | $644 |
| Net Assets | $70K |
| Operating Margin | -10.6% |
| Debt-to-Asset Ratio | 0.9% |
| Months of Reserves | 4.5 months |
Financial Health Grade: B
In 2023, Mad River Valley Arts Inc reported a deficit of $18K with expenses exceeding revenue, holds 4.5 months of operating reserves (adequate), has a debt-to-asset ratio of 0.9% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Mad River Valley Arts Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +16.8% | +55.9% | -22.2% |
| 2022 | +14.2% | +26.9% | +38.8% |
| 2021 | +79.0% | +97.1% | +90.0% |
| 2020 | -39.0% | -55.3% | +150.9% |
| 2019 | +9.2% | +5.0% | +3.5% |
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 Mad River Valley Arts Inc with a Mission Score of 85 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Mad River Valley Arts Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 deficit of $18K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.9%.
Executive Compensation Analysis
Mad River Valley Arts Inc. reports 0% officer compensation across all available filings, indicating that its leadership is either entirely volunteer-based or compensated through non-officer roles, which is highly commendable for a small organization with revenues around $170,000.
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 Mad River Valley Arts Inc's IRS 990 filings:
- Expenses exceeded revenue by $18,347 in 2023, indicating a recent operating deficit.
Strengths
The following positive indicators were identified for Mad River Valley Arts Inc:
- Consistent revenue growth from $72,383 in 2020 to $172,820 in 2023.
- 0% officer compensation reported across all filings, demonstrating efficient use of funds.
- Low liabilities relative to assets, indicating sound financial management.
- Long history of IRS 990 filings (14 filings), showing strong transparency and compliance.
Frequently Asked Questions about Mad River Valley Arts Inc
Is Mad River Valley Arts Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Mad River Valley Arts Inc (EIN: 203964320) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Mad River Valley Arts Inc spend its money?
Mad River Valley Arts Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mad River Valley Arts Inc tax-deductible?
Mad River Valley Arts Inc is registered as a tax-exempt nonprofit (EIN: 203964320). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Mad River Valley Arts Inc CEO make?
Mad River Valley Arts Inc's highest-compensated officer earns $170,000. annually. The organization reported $172K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Mad River Valley Arts Inc's spending goes to programs?
Mad River Valley Arts Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Mad River Valley Arts Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Mad River Valley Arts Inc is above average for NTEE category A20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Mad River Valley Arts Inc located?
Mad River Valley Arts Inc is headquartered in Waitsfield, Vermont and files with the IRS under EIN 203964320. It is classified under NTEE code A20.
How many years of IRS 990 filings does Mad River Valley Arts Inc have?
Mad River Valley Arts Inc has 14 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 $172K in total revenue.
Is Mad River Valley Arts Inc. financially stable?
While the organization experienced a deficit of $18,347 in 2023 (Expenses $191,167 vs. Revenue $172,820), it has shown revenue growth over the past few years and maintains relatively low liabilities compared to its assets, suggesting a generally stable but recently challenged financial position.
How does Mad River Valley Arts Inc. manage executive compensation?
Mad River Valley Arts Inc. reports 0% officer compensation in all available filings, indicating a strong commitment to directing funds towards its mission rather than executive salaries.
What is the trend in the organization's assets and liabilities?
Assets have fluctuated, reaching a high of $91,452 in 2022 before decreasing to $71,106 in 2023. Liabilities have generally remained low, with a slight increase to $644 in 2023, indicating good financial management of debt.
Filing History
IRS 990 filing history for Mad River Valley Arts Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Mad River Valley Arts Inc's revenue has grown by 159.3%, moving from $67K to $173K. Total assets increased by 1304.7% over the same period, from $5K to $71K. Total functional expenses rose by 184.1%, from $67K to $191K. In its most recent filing year (2023), Mad River Valley Arts Inc reported a deficit of $18K, with expenses exceeding revenue. The organization holds $644 in liabilities against $71K in assets (debt-to-asset ratio: 0.9%), resulting in net assets of $70K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $173K | $191K | $71K | $644 | — | — |
| 2022 | $148K | $123K | $91K | $3K | — | View 990 |
| 2021 | $130K | $97K | $66K | $2K | — | View 990 |
| 2020 | $72K | $49K | $35K | $3K | — | — |
| 2019 | $119K | $110K | $14K | $6K | — | View 990 |
| 2018 | $109K | $105K | $13K | $14K | — | View 990 |
| 2017 | $113K | $105K | $15K | $20K | — | View 990 |
| 2016 | $93K | $89K | $11K | $25K | — | View 990 |
| 2015 | $105K | $113K | $11K | $29K | — | View 990 |
| 2014 | $104K | $106K | $14K | $24K | — | View 990 |
| 2013 | $97K | $91K | $16K | $24K | — | View 990 |
| 2012 | $90K | $95K | $16K | $29K | — | View 990 |
| 2011 | $69K | $77K | $6K | $15K | — | View 990 |
| 2010 | $67K | $67K | $5K | $5K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $173K, expenses of $191K, and assets of $71K (revenue +16.8% year-over-year).
- 2022: Revenue of $148K, expenses of $123K, and assets of $91K (revenue +14.2% year-over-year).
- 2021: Revenue of $130K, expenses of $97K, and assets of $66K (revenue +79.0% year-over-year).
- 2020: Revenue of $72K, expenses of $49K, and assets of $35K (revenue -39.0% year-over-year).
- 2019: Revenue of $119K, expenses of $110K, and assets of $14K (revenue +9.2% year-over-year).
- 2018: Revenue of $109K, expenses of $105K, and assets of $13K (revenue -3.7% year-over-year).
- 2017: Revenue of $113K, expenses of $105K, and assets of $15K (revenue +20.8% year-over-year).
- 2016: Revenue of $93K, expenses of $89K, and assets of $11K (revenue -10.7% year-over-year).
- 2015: Revenue of $105K, expenses of $113K, and assets of $11K (revenue +0.9% year-over-year).
- 2014: Revenue of $104K, expenses of $106K, and assets of $14K (revenue +7.2% year-over-year).
- 2013: Revenue of $97K, expenses of $91K, and assets of $16K (revenue +7.6% year-over-year).
- 2012: Revenue of $90K, expenses of $95K, and assets of $16K (revenue +31.1% year-over-year).
- 2011: Revenue of $69K, expenses of $77K, and assets of $6K (revenue +2.8% year-over-year).
- 2010: Revenue of $67K, expenses of $67K, and assets of $5K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mad River Valley Arts Inc:
Data Sources and Methodology
This transparency report for Mad River Valley Arts 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.