Madison Ice Inc
Madison Ice Inc. maintains stable operations with consistent revenue and assets, reporting no officer compensation.
EIN: 200831947 · Madison, WI · NTEE: N302 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.4M |
| Total Expenses | $1.4M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $1.3M |
| Net Assets | $1.3M |
| Transparency Score | 75/100 |
Is Madison Ice Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Madison Ice Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Madison Ice Inc
Madison Ice Inc (EIN: 200831947) is a nonprofit organization based in Madison, WI, classified under NTEE code N302. The organization reported total revenue of $1.4M and total assets of $3.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Madison Ice Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Madison Ice Inc is a mid-size nonprofit that has been operating for 22 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 4.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.4M |
| Total Expenses | $1.4M |
| Surplus / Deficit | $-43,744 |
| Total Assets | $3.2M |
| Total Liabilities | $1.8M |
| Net Assets | $1.3M |
| Operating Margin | -3.2% |
| Debt-to-Asset Ratio | 57.9% |
| Months of Reserves | 27.2 months |
Financial Health Grade: C
In 2024, Madison Ice Inc reported a deficit of $44K with expenses exceeding revenue, holds 27.2 months of operating reserves (strong position), has a debt-to-asset ratio of 57.9% (high leverage).
Financial Trends
Over 14 years of filings (2011–2024), Madison Ice Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +2.4% | +1.4% | -1.3% |
| 2023 | +7.9% | +27.3% | +0.5% |
| 2022 | +13.0% | +19.8% | +2.8% |
| 2021 | -17.0% | -22.5% | -0.5% |
| 2020 | -17.7% | -13.7% | -4.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| 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 Madison Ice Inc with a Mission Score of 75 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Madison Ice 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $44K, with expenses exceeding revenue.
- Debt-to-asset ratio: 57.9%.
Executive Compensation Analysis
Madison Ice Inc. consistently reports 0% officer compensation across all available filings, suggesting a volunteer-led executive team or that compensation is handled in a manner not reflected in this specific line item on the 990. This could indicate high efficiency in leadership costs relative to its $1.3M+ annual revenue.
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 Madison Ice Inc's IRS 990 filings:
- Consistent minor deficits in recent years (e.g., 202404 and 202304), indicating expenses slightly exceeding revenue.
- Lack of detailed expense breakdown in provided data makes precise spending efficiency analysis difficult.
Strengths
The following positive indicators were identified for Madison Ice Inc:
- Consistent revenue generation, generally above $1.0M annually, indicating stable operations.
- Stable asset base, consistently around $3.0M-$3.3M, suggesting sound financial management of resources.
- No reported officer compensation, potentially indicating highly efficient or volunteer-driven leadership.
- Clear mission alignment with NTEE code N302 (Recreational Facilities) and organizational name.
Frequently Asked Questions about Madison Ice Inc
Is Madison Ice Inc a legitimate charity?
Madison Ice Inc (EIN: 200831947) is a registered tax-exempt nonprofit based in Wisconsin. Our AI analysis gives it a Mission Score of 75/100. It has 14 years of IRS 990 filings on record. Total revenue: $1.4M. 2 red flags identified. 4 strengths noted. Financial health grade: C.
How does Madison Ice Inc spend its money?
Madison Ice Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Madison Ice Inc tax-deductible?
Madison Ice Inc is registered as a tax-exempt nonprofit (EIN: 200831947). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Madison Ice Inc CEO make?
Madison Ice Inc's highest-compensated officer earns $1.3M annually. The organization reported $1.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Madison Ice Inc's spending goes to programs?
Madison Ice Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Madison Ice Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Madison Ice Inc is above average for NTEE category N302 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Madison Ice Inc located?
Madison Ice Inc is headquartered in Madison, Wisconsin and files with the IRS under EIN 200831947. It is classified under NTEE code N302.
How many years of IRS 990 filings does Madison Ice Inc have?
Madison Ice 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 $1.4M in total revenue.
How does Madison Ice Inc. cover its leadership and management costs if no officer compensation is reported?
The consistent reporting of 0% officer compensation across all filings suggests that Madison Ice Inc. either operates with entirely volunteer leadership, or that executive compensation is structured in a way that it is not reported under 'Officer Comp' on the 990, potentially through a related entity or as general salaries not specifically attributed to officers.
What is the detailed breakdown of Madison Ice Inc.'s expenses into program, administrative, and fundraising categories?
The provided data does not offer a detailed breakdown of expenses. To fully assess spending efficiency, a deeper dive into the organization's IRS Form 990, Part IX (Statement of Functional Expenses) would be necessary to determine the exact percentages allocated to programs, administration, and fundraising.
Given the minor deficits in the last two periods (e.g., $1,358,196 revenue vs. $1,401,940 expenses in 202404), what is the organization's strategy to return to surplus?
While the deficits are minor, they indicate expenses slightly exceeding revenue. The organization would need to either increase revenue streams (e.g., through increased program fees, donations, or grants) or implement cost-saving measures to return to a surplus position, ensuring long-term financial stability.
Filing History
IRS 990 filing history for Madison Ice Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Madison Ice Inc's revenue has grown by 69.9%, moving from $799K to $1.4M. Total assets increased by 46.2% over the same period, from $2.2M to $3.2M. Total functional expenses rose by 54.3%, from $909K to $1.4M. In its most recent filing year (2024), Madison Ice Inc reported a deficit of $44K, with expenses exceeding revenue. The organization holds $1.8M in liabilities against $3.2M in assets (debt-to-asset ratio: 57.9%), resulting in net assets of $1.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $1.4M | $1.4M | $3.2M | $1.8M | — | View 990 |
| 2023 | $1.3M | $1.4M | $3.2M | $1.8M | — | View 990 |
| 2022 | $1.2M | $1.1M | $3.2M | $1.8M | — | View 990 |
| 2021 | $1.1M | $907K | $3.1M | $1.8M | — | View 990 |
| 2020 | $1.3M | $1.2M | $3.1M | $2.0M | — | View 990 |
| 2019 | $1.6M | $1.4M | $3.3M | $2.3M | — | View 990 |
| 2018 | $1.5M | $1.3M | $3.4M | $2.6M | — | — |
| 2017 | $1.4M | $1.3M | $3.0M | $2.5M | — | View 990 |
| 2016 | $1.2M | $1.1M | $2.2M | $1.7M | — | View 990 |
| 2015 | $994K | $994K | $2.3M | $1.9M | — | View 990 |
| 2014 | $1.0M | $997K | $2.4M | $2.0M | — | View 990 |
| 2013 | $901K | $916K | $2.1M | $1.7M | — | View 990 |
| 2012 | $817K | $892K | $2.1M | $1.7M | — | View 990 |
| 2011 | $799K | $909K | $2.2M | $1.8M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $1.4M, expenses of $1.4M, and assets of $3.2M (revenue +2.4% year-over-year).
- 2023: Revenue of $1.3M, expenses of $1.4M, and assets of $3.2M (revenue +7.9% year-over-year).
- 2022: Revenue of $1.2M, expenses of $1.1M, and assets of $3.2M (revenue +13.0% year-over-year).
- 2021: Revenue of $1.1M, expenses of $907K, and assets of $3.1M (revenue -17.0% year-over-year).
- 2020: Revenue of $1.3M, expenses of $1.2M, and assets of $3.1M (revenue -17.7% year-over-year).
- 2019: Revenue of $1.6M, expenses of $1.4M, and assets of $3.3M (revenue +8.2% year-over-year).
- 2018: Revenue of $1.5M, expenses of $1.3M, and assets of $3.4M (revenue +2.7% year-over-year).
- 2017: Revenue of $1.4M, expenses of $1.3M, and assets of $3.0M (revenue +23.5% year-over-year).
- 2016: Revenue of $1.2M, expenses of $1.1M, and assets of $2.2M (revenue +16.8% year-over-year).
- 2015: Revenue of $994K, expenses of $994K, and assets of $2.3M (revenue -4.2% year-over-year).
- 2014: Revenue of $1.0M, expenses of $997K, and assets of $2.4M (revenue +15.2% year-over-year).
- 2013: Revenue of $901K, expenses of $916K, and assets of $2.1M (revenue +10.3% year-over-year).
- 2012: Revenue of $817K, expenses of $892K, and assets of $2.1M (revenue +2.2% year-over-year).
- 2011: Revenue of $799K, expenses of $909K, and assets of $2.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Madison Ice Inc:
Data Sources and Methodology
This transparency report for Madison Ice 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.