Mathias Washington County Tr
Mathias Washington County Tr faces persistent operating deficits despite substantial assets.
EIN: 206208889 · Smithsburg, MD · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $6.6M |
| Total Expenses | $610K |
| Program Spending | 80% |
| Net Assets | $9.3M |
| Transparency Score | 65/100 |
Is Mathias Washington County Tr Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mathias Washington County Tr directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mathias Washington County Tr
Mathias Washington County Tr (EIN: 206208889) is a nonprofit organization based in Smithsburg, MD, classified under NTEE code T22. The organization reported total revenue of $6.6M and total assets of $9.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mathias Washington County Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mathias Washington County Tr is a mid-size nonprofit that has been operating for 22 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -18.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $43K |
| Total Expenses | $610K |
| Surplus / Deficit | $-566,564 |
| Total Assets | $9.3M |
| Total Liabilities | $1 |
| Net Assets | $9.3M |
| Operating Margin | -1307.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 182.7 months |
Financial Health Grade: B
In 2023, Mathias Washington County Tr reported a deficit of $567K with expenses exceeding revenue, holds 182.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Mathias Washington County Tr's revenue has declined at a compound annual growth rate (CAGR) of -18.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -93.7% | -19.9% | +5.8% |
| 2022 | +56.2% | +16.9% | -26.3% |
| 2020 | -289.5% | -4.0% | -12.4% |
| 2019 | -76.1% | -7.3% | +10.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| 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 Mathias Washington County Tr with a Mission Score of 65 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: 80%
- fundraising: 5%
According to IRS 990 filings, Mathias Washington County Tr allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $567K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
No officer compensation has been reported across all ten years of filings, suggesting a volunteer-led organization or one with very low executive salaries, which is positive for minimizing overhead.
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 Mathias Washington County Tr's IRS 990 filings:
- Consistent operating deficits, with expenses frequently exceeding revenue (e.g., 2023 revenue $43,347 vs. expenses $609,911).
- Declining asset base over time, suggesting reliance on assets to cover operational shortfalls.
- Significant negative revenue reported in 2020 ($-501,284) without clear explanation in summary data.
Strengths
The following positive indicators were identified for Mathias Washington County Tr:
- Substantial asset base ($9,379,869 latest) provides a buffer despite operating deficits.
- No reported officer compensation, indicating low administrative overhead in leadership salaries.
- Consistently low liabilities across all filing periods, suggesting good debt management.
Frequently Asked Questions about Mathias Washington County Tr
Is Mathias Washington County Tr a legitimate charity?
Based on AI analysis of IRS 990 filings, Mathias Washington County Tr (EIN: 206208889) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Mathias Washington County Tr spend its money?
Mathias Washington County Tr directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mathias Washington County Tr tax-deductible?
Mathias Washington County Tr is registered as a tax-exempt nonprofit (EIN: 206208889). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Mathias Washington County Tr's spending goes to programs?
Mathias Washington County Tr directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Mathias Washington County Tr compare to similar nonprofits?
With a transparency score of 65/100 (Good), Mathias Washington County Tr is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Mathias Washington County Tr located?
Mathias Washington County Tr is headquartered in Smithsburg, Maryland and files with the IRS under EIN 206208889. It is classified under NTEE code T22.
How many years of IRS 990 filings does Mathias Washington County Tr have?
Mathias Washington County Tr has 10 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 $6.6M in total revenue.
How does Mathias Washington County Tr cover its consistent operating deficits?
The organization appears to cover its operating deficits by drawing down its assets, which have decreased from over $12 million in 2019 to $9.3 million in the latest filing, or through other non-operating income not detailed in the summary.
What caused the negative revenue of $-501,284 in 2020?
The IRS 990 summary does not provide specific details for this negative revenue figure, but it could be due to significant investment losses, asset write-downs, or a return of grants/contributions.
What is the organization's strategy for long-term financial sustainability?
Given the consistent trend of expenses exceeding revenue, the organization needs a clear strategy to either increase sustainable revenue streams or significantly reduce expenses to ensure long-term viability beyond relying on its asset base.
Filing History
IRS 990 filing history for Mathias Washington County Tr showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Mathias Washington County Tr's revenue has declined by 90.8%, moving from $472K to $43K. Total assets decreased by 17% over the same period, from $11.2M to $9.3M. Total functional expenses fell by 20.4%, from $766K to $610K. In its most recent filing year (2023), Mathias Washington County Tr reported a deficit of $567K, with expenses exceeding revenue. The organization holds $1 in liabilities against $9.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $9.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $43K | $610K | $9.3M | $1 | — | View 990 |
| 2022 | $684K | $761K | $8.8M | $1 | — | View 990 |
| 2021 | $438K | $651K | $11.9M | $1 | — | View 990 |
| 2020 | $-501,284 | $763K | $10.9M | $5K | — | — |
| 2019 | $264K | $795K | $12.5M | $1 | — | View 990 |
| 2015 | $1.1M | $858K | $11.3M | $1 | — | View 990 |
| 2014 | $313K | $821K | $12.5M | $1 | — | View 990 |
| 2013 | $347K | $769K | $12.2M | $1 | — | View 990 |
| 2012 | $378K | $888K | $11.3M | $1 | — | View 990 |
| 2011 | $472K | $766K | $11.2M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $43K, expenses of $610K, and assets of $9.3M (revenue -93.7% year-over-year).
- 2022: Revenue of $684K, expenses of $761K, and assets of $8.8M (revenue +56.2% year-over-year).
- 2021: Revenue of $438K, expenses of $651K, and assets of $11.9M.
- 2020: Revenue of $-501,284, expenses of $763K, and assets of $10.9M (revenue -289.5% year-over-year).
- 2019: Revenue of $264K, expenses of $795K, and assets of $12.5M (revenue -76.1% year-over-year).
- 2015: Revenue of $1.1M, expenses of $858K, and assets of $11.3M (revenue +253.5% year-over-year).
- 2014: Revenue of $313K, expenses of $821K, and assets of $12.5M (revenue -10.0% year-over-year).
- 2013: Revenue of $347K, expenses of $769K, and assets of $12.2M (revenue -8.0% year-over-year).
- 2012: Revenue of $378K, expenses of $888K, and assets of $11.3M (revenue -20.0% year-over-year).
- 2011: Revenue of $472K, expenses of $766K, and assets of $11.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mathias Washington County Tr:
Data Sources and Methodology
This transparency report for Mathias Washington County Tr 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.