Madison Torske Klubben Foundationinc
Madison Torske Klubben Foundationinc maintains strong asset growth with zero officer compensation and fluctuating revenue.
EIN: 203802831 · Oregon, WI · NTEE: N65 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $217K |
| Total Expenses | $55K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $1.8M |
| Transparency Score | 92/100 |
Is Madison Torske Klubben Foundationinc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Madison Torske Klubben Foundationinc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Madison Torske Klubben Foundationinc
Madison Torske Klubben Foundationinc (EIN: 203802831) is a nonprofit organization based in Oregon, WI, classified under NTEE code N65. The organization reported total revenue of $217K and total assets of $1.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Madison Torske Klubben Foundationinc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Madison Torske Klubben Foundationinc 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 13.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $126K |
| Total Expenses | $55K |
| Surplus / Deficit | +$71K |
| Total Assets | $1.8M |
| Net Assets | $1.8M |
| Operating Margin | 56.6% |
| Months of Reserves | 386.6 months |
Financial Health Grade: A
In 2023, Madison Torske Klubben Foundationinc reported a surplus of $71K with revenue exceeding expenses, holds 386.6 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Madison Torske Klubben Foundationinc's revenue has grown at a compound annual growth rate (CAGR) of 13.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +24.9% | +9.1% | +12.4% |
| 2022 | -50.4% | -50.4% | -14.8% |
| 2021 | +548.5% | +13340.0% | +17.2% |
| 2020 | -50.8% | -97.9% | +9.8% |
| 2019 | +40.0% | -9.3% | +21.9% |
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 Madison Torske Klubben Foundationinc with a Mission Score of 92 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: 90%
- fundraising: 0%
According to IRS 990 filings, Madison Torske Klubben Foundationinc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. 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 $71K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all filings, indicating that its leadership is entirely volunteer-based, which is highly efficient for a nonprofit of its size with assets nearing $2 million.
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 Torske Klubben Foundationinc's IRS 990 filings:
- Highly fluctuating revenue, indicating potential reliance on unpredictable large donations or investment gains.
Strengths
The following positive indicators were identified for Madison Torske Klubben Foundationinc:
- Consistent asset growth, reaching $1,930,943.
- Zero reported liabilities across all filings.
- 0% officer compensation, indicating volunteer leadership and efficient use of funds.
- Low overall expense ratios relative to revenue and assets in most years.
Frequently Asked Questions about Madison Torske Klubben Foundationinc
Is Madison Torske Klubben Foundationinc a legitimate charity?
Based on AI analysis of IRS 990 filings, Madison Torske Klubben Foundationinc (EIN: 203802831) some concerns. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.
How does Madison Torske Klubben Foundationinc spend its money?
Madison Torske Klubben Foundationinc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Madison Torske Klubben Foundationinc tax-deductible?
Madison Torske Klubben Foundationinc is registered as a tax-exempt nonprofit (EIN: 203802831). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Madison Torske Klubben Foundationinc CEO make?
Madison Torske Klubben Foundationinc's highest-compensated officer earns $2 annually. The organization reported $217K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Madison Torske Klubben Foundationinc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Madison Torske Klubben Foundationinc is above average for NTEE category N65 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Madison Torske Klubben Foundationinc located?
Madison Torske Klubben Foundationinc is headquartered in Oregon, Wisconsin and files with the IRS under EIN 203802831. It is classified under NTEE code N65.
How many years of IRS 990 filings does Madison Torske Klubben Foundationinc have?
Madison Torske Klubben Foundationinc 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 $217K in total revenue.
Is Madison Torske Klubben Foundationinc financially stable?
Yes, the organization is financially stable, consistently reporting zero liabilities and growing assets from $449,716 in 2014 to $1,930,943 currently.
How efficient is Madison Torske Klubben Foundationinc with its spending?
The organization appears highly efficient, with expenses often being a small fraction of revenue (e.g., $14,003 expenses on $711,177 revenue in 2015) and consistently reporting 0% officer compensation.
Does Madison Torske Klubben Foundationinc pay its executives?
No, the organization consistently reports 0% officer compensation across all available IRS 990 filings.
What is the trend in Madison Torske Klubben Foundationinc's revenue?
Revenue has been highly variable, ranging from $31,323 in 2020 to $711,177 in 2015, suggesting reliance on irregular or significant contributions rather than consistent annual income streams.
Filing History
IRS 990 filing history for Madison Torske Klubben Foundationinc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Madison Torske Klubben Foundationinc's revenue has grown by 368.7%, moving from $27K to $126K. Total assets increased by 1742.5% over the same period, from $95K to $1.8M. Total functional expenses rose by 497.9%, from $9K to $55K. In its most recent filing year (2023), Madison Torske Klubben Foundationinc reported a surplus of $71K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $126K | $55K | $1.8M | $0 | — | — |
| 2022 | $101K | $50K | $1.6M | $0 | — | View 990 |
| 2021 | $203K | $101K | $1.8M | $0 | — | View 990 |
| 2020 | $31K | $750 | $1.6M | $0 | — | — |
| 2019 | $64K | $36K | $1.4M | $0 | — | View 990 |
| 2018 | $45K | $40K | $1.2M | $0 | — | View 990 |
| 2017 | $60K | $76K | $1.4M | $0 | — | View 990 |
| 2016 | $35K | $23K | $1.3M | $0 | — | View 990 |
| 2015 | $711K | $14K | $1.1M | $0 | — | View 990 |
| 2014 | $271K | $14K | $450K | $0 | — | View 990 |
| 2013 | $23K | $15K | $162K | $0 | — | View 990 |
| 2012 | $23K | $3K | $126K | $0 | — | View 990 |
| 2011 | $27K | $9K | $95K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $126K, expenses of $55K, and assets of $1.8M (revenue +24.9% year-over-year).
- 2022: Revenue of $101K, expenses of $50K, and assets of $1.6M (revenue -50.4% year-over-year).
- 2021: Revenue of $203K, expenses of $101K, and assets of $1.8M (revenue +548.5% year-over-year).
- 2020: Revenue of $31K, expenses of $750, and assets of $1.6M (revenue -50.8% year-over-year).
- 2019: Revenue of $64K, expenses of $36K, and assets of $1.4M (revenue +40.0% year-over-year).
- 2018: Revenue of $45K, expenses of $40K, and assets of $1.2M (revenue -23.8% year-over-year).
- 2017: Revenue of $60K, expenses of $76K, and assets of $1.4M (revenue +69.3% year-over-year).
- 2016: Revenue of $35K, expenses of $23K, and assets of $1.3M (revenue -95.0% year-over-year).
- 2015: Revenue of $711K, expenses of $14K, and assets of $1.1M (revenue +162.0% year-over-year).
- 2014: Revenue of $271K, expenses of $14K, and assets of $450K (revenue +1104.7% year-over-year).
- 2013: Revenue of $23K, expenses of $15K, and assets of $162K (revenue -2.1% year-over-year).
- 2012: Revenue of $23K, expenses of $3K, and assets of $126K (revenue -14.3% year-over-year).
- 2011: Revenue of $27K, expenses of $9K, and assets of $95K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Madison Torske Klubben Foundationinc:
Data Sources and Methodology
This transparency report for Madison Torske Klubben Foundationinc 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.