Main Street Steamboat Springs Inc
Main Street Steamboat Springs Inc maintains stable finances with volunteer leadership and growing assets.
EIN: 200932370 · Steamboat Spr, CO · NTEE: B90 · Updated: 2026-03-28
Is Main Street Steamboat Springs Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Main Street Steamboat Springs Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Main Street Steamboat Springs Inc
Main Street Steamboat Springs Inc (EIN: 200932370) is a nonprofit organization based in Steamboat Spr, CO, classified under NTEE code B90. The organization reported total revenue of $275K and total assets of $92K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Main Street Steamboat Springs Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Main Street Steamboat Springs Inc is a small nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $258K |
| Total Expenses | $251K |
| Surplus / Deficit | +$7K |
| Total Assets | $97K |
| Total Liabilities | $2K |
| Net Assets | $95K |
| Operating Margin | 2.7% |
| Debt-to-Asset Ratio | 2.1% |
| Months of Reserves | 4.6 months |
Financial Health Grade: A
In 2023, Main Street Steamboat Springs Inc reported a surplus of $7K with revenue exceeding expenses, holds 4.6 months of operating reserves (adequate), has a debt-to-asset ratio of 2.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Main Street Steamboat Springs Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.6% | -2.1% | +5.4% |
| 2022 | +10.5% | +13.5% | -14.0% |
| 2021 | +33.6% | +25.6% | +20.3% |
| 2020 | -8.8% | +2.0% | +6.8% |
| 2019 | +0.1% | +3.2% | +13.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| 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 Main Street Steamboat Springs Inc 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Main Street Steamboat Springs Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. 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 $7K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is entirely volunteer-based, which is highly commendable for a nonprofit of its size.
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.
Strengths
The following positive indicators were identified for Main Street Steamboat Springs Inc:
- Consistent 0% officer compensation, indicating volunteer leadership and high efficiency.
- Stable and growing asset base, from $21,253 in 2014 to $97,274 in 2023.
- Expenses consistently align with or are slightly below revenue, demonstrating sound financial management.
- Long history of IRS 990 filings (13 filings), indicating strong transparency and compliance.
- Low liabilities relative to assets, suggesting a healthy balance sheet.
Frequently Asked Questions about Main Street Steamboat Springs Inc
Is Main Street Steamboat Springs Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Main Street Steamboat Springs Inc (EIN: 200932370) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Main Street Steamboat Springs Inc spend its money?
Main Street Steamboat Springs Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Main Street Steamboat Springs Inc tax-deductible?
Main Street Steamboat Springs Inc is registered as a tax-exempt nonprofit (EIN: 200932370). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Main Street Steamboat Springs Inc a good charity?
Based on its financial data, Main Street Steamboat Springs Inc appears to be a very good charity. It demonstrates strong financial health, efficient spending with 0% officer compensation, and consistent growth in assets, all while maintaining transparency through regular IRS filings.
How does Main Street Steamboat Springs Inc manage its expenses?
The organization manages its expenses effectively, with total expenses consistently close to or slightly below its revenue. For instance, in 2023, expenses were $251,269 against revenues of $258,297, indicating careful budgeting and resource allocation.
What is the trend in Main Street Steamboat Springs Inc's assets?
Main Street Steamboat Springs Inc has shown a positive trend in its assets, growing from $21,253 in 2014 to $97,274 in 2023, indicating increasing financial stability and capacity.
Filing History
IRS 990 filing history for Main Street Steamboat Springs Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Main Street Steamboat Springs Inc's revenue has grown by 139.3%, moving from $108K to $258K. Total assets increased by 1695.7% over the same period, from $5K to $97K. Total functional expenses rose by 118.4%, from $115K to $251K. In its most recent filing year (2023), Main Street Steamboat Springs Inc reported a surplus of $7K, with revenue exceeding expenses. The organization holds $2K in liabilities against $97K in assets (debt-to-asset ratio: 2.1%), resulting in net assets of $95K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $258K | $251K | $97K | $2K | — | View 990 |
| 2022 | $242K | $257K | $92K | $4K | — | View 990 |
| 2021 | $219K | $226K | $107K | $5K | — | View 990 |
| 2020 | $164K | $180K | $89K | $29K | — | — |
| 2019 | $180K | $177K | $84K | $7K | — | View 990 |
| 2018 | $180K | $171K | $74K | $943 | — | View 990 |
| 2017 | $193K | $166K | $65K | $924 | — | View 990 |
| 2016 | $175K | $174K | $42K | $4K | — | View 990 |
| 2015 | $188K | $171K | $41K | $5K | — | View 990 |
| 2014 | $181K | $156K | $21K | $2K | — | View 990 |
| 2013 | $170K | $171K | $9K | $15K | — | View 990 |
| 2012 | $125K | $120K | $13K | $18K | — | View 990 |
| 2011 | $108K | $115K | $5K | $15K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $258K, expenses of $251K, and assets of $97K (revenue +6.6% year-over-year).
- 2022: Revenue of $242K, expenses of $257K, and assets of $92K (revenue +10.5% year-over-year).
- 2021: Revenue of $219K, expenses of $226K, and assets of $107K (revenue +33.6% year-over-year).
- 2020: Revenue of $164K, expenses of $180K, and assets of $89K (revenue -8.8% year-over-year).
- 2019: Revenue of $180K, expenses of $177K, and assets of $84K (revenue +0.1% year-over-year).
- 2018: Revenue of $180K, expenses of $171K, and assets of $74K (revenue -6.6% year-over-year).
- 2017: Revenue of $193K, expenses of $166K, and assets of $65K (revenue +10.2% year-over-year).
- 2016: Revenue of $175K, expenses of $174K, and assets of $42K (revenue -7.3% year-over-year).
- 2015: Revenue of $188K, expenses of $171K, and assets of $41K (revenue +4.1% year-over-year).
- 2014: Revenue of $181K, expenses of $156K, and assets of $21K (revenue +6.8% year-over-year).
- 2013: Revenue of $170K, expenses of $171K, and assets of $9K (revenue +35.7% year-over-year).
- 2012: Revenue of $125K, expenses of $120K, and assets of $13K (revenue +15.8% year-over-year).
- 2011: Revenue of $108K, expenses of $115K, and assets of $5K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Main Street Steamboat Springs Inc:
Data Sources and Methodology
This transparency report for Main Street Steamboat Springs 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.