More Than Wheels Inc
More Than Wheels Inc. reports $0 revenue and assets after years of declining finances.
EIN: 20528886 · Concord, NH · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $632K |
| Program Spending | 70% |
| Net Assets | $441K |
| Transparency Score | 30/100 |
Is More Than Wheels Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
More Than Wheels Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About More Than Wheels Inc
More Than Wheels Inc (EIN: 20528886) is a nonprofit organization based in Concord, NH. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of More Than Wheels Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
More Than Wheels Inc is a small nonprofit, with 5 years of IRS 990 filings on record (2011–2015). Revenue has grown at a compound annual rate of 2.1%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
| Total Revenue | $523K |
| Total Expenses | $632K |
| Surplus / Deficit | $-108,738 |
| Total Assets | $500K |
| Total Liabilities | $59K |
| Net Assets | $441K |
| Operating Margin | -20.8% |
| Debt-to-Asset Ratio | 11.8% |
| Months of Reserves | 9.5 months |
Financial Health Grade: B
In 2015, More Than Wheels Inc reported a deficit of $109K with expenses exceeding revenue, holds 9.5 months of operating reserves (strong position), has a debt-to-asset ratio of 11.8% (very low leverage).
Financial Trends
Over 5 years of filings (2011–2015), More Than Wheels Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2015 | +37.7% | -30.4% | -18.7% |
| 2014 | +1.5% | -15.8% | -45.8% |
| 2013 | -78.2% | -22.8% | -39.3% |
| 2012 | +256.5% | -7.4% | +21.9% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates More Than Wheels Inc with a Mission Score of 30 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, More Than Wheels Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $109K, with expenses exceeding revenue.
- Debt-to-asset ratio: 11.8%.
Executive Compensation Analysis
Officer compensation was consistently reported as 0% across all available historical filings, indicating that no officers received direct compensation from the organization during those periods, which is a positive sign regarding executive pay relative to the organization's historical 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.
Red Flags
The following concerns were identified during AI analysis of More Than Wheels Inc's IRS 990 filings:
- Latest filing shows $0 revenue and $0 assets, indicating potential cessation of operations.
- Consistent trend of expenses exceeding revenue in multiple historical periods (e.g., 2015, 2014, 2013, 2011).
- Significant decline in assets from a peak of $1,867,325 in 2012 to $0 currently.
- Lack of detailed spending breakdown (program, admin, fundraising) in the provided historical data makes efficiency analysis difficult.
Strengths
The following positive indicators were identified for More Than Wheels Inc:
- Historically reported 0% officer compensation, indicating no direct executive pay from the organization's funds.
- Maintained a filing history with the IRS for several years, demonstrating some level of compliance.
Frequently Asked Questions about More Than Wheels Inc
Is More Than Wheels Inc a legitimate charity?
More Than Wheels Inc (EIN: 20528886) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 30/100. It has 5 years of IRS 990 filings on record. 4 red flags identified. 2 strengths noted. Financial health grade: B.
How does More Than Wheels Inc spend its money?
More Than Wheels Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to More Than Wheels Inc tax-deductible?
More Than Wheels Inc is registered as a tax-exempt nonprofit (EIN: 20528886). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of More Than Wheels Inc's spending goes to programs?
More Than Wheels Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is More Than Wheels Inc located?
More Than Wheels Inc is headquartered in Concord, New Hampshire and files with the IRS under EIN 20528886.
How many years of IRS 990 filings does More Than Wheels Inc have?
More Than Wheels Inc has 5 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Is More Than Wheels Inc. still operational given its latest reported $0 revenue and assets?
The latest IRS 990 data showing $0 revenue and assets strongly suggests that More Than Wheels Inc. may no longer be actively operating or has undergone a significant structural change. Further investigation into public records or direct contact with the organization would be necessary to confirm its current operational status.
What caused the significant decline in revenue and assets from 2012 to the present?
The provided data does not specify the exact causes, but it shows a consistent trend of expenses exceeding revenue in most years (e.g., 2015 expenses $632,140 vs. revenue $523,402; 2014 expenses $907,990 vs. revenue $379,982), leading to a depletion of assets from a high of $1,867,325 in 2012 to $0 currently. This indicates a prolonged period of financial unsustainability.
How did the organization manage to operate with expenses consistently higher than revenue in several years?
The organization likely covered its deficits by drawing down its accumulated assets. For example, in 2013, expenses were $1,078,882 against revenue of $374,347, resulting in a significant deficit that would have been covered by its then-existing assets of $1,134,177.
Filing History
IRS 990 filing history for More Than Wheels Inc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2011–2015), More Than Wheels Inc's revenue has grown by 8.8%, moving from $481K to $523K. Total assets decreased by 67.4% over the same period, from $1.5M to $500K. Total functional expenses fell by 58.1%, from $1.5M to $632K. In its most recent filing year (2015), More Than Wheels Inc reported a deficit of $109K, with expenses exceeding revenue. The organization holds $59K in liabilities against $500K in assets (debt-to-asset ratio: 11.8%), resulting in net assets of $441K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2015 | $523K | $632K | $500K | $59K | — | View 990 |
| 2014 | $380K | $908K | $615K | $65K | — | View 990 |
| 2013 | $374K | $1.1M | $1.1M | $63K | — | View 990 |
| 2012 | $1.7M | $1.4M | $1.9M | $110K | — | View 990 |
| 2011 | $481K | $1.5M | $1.5M | $92K | — | View 990 |
Year-by-Year Financial Summary
- 2015: Revenue of $523K, expenses of $632K, and assets of $500K (revenue +37.7% year-over-year).
- 2014: Revenue of $380K, expenses of $908K, and assets of $615K (revenue +1.5% year-over-year).
- 2013: Revenue of $374K, expenses of $1.1M, and assets of $1.1M (revenue -78.2% year-over-year).
- 2012: Revenue of $1.7M, expenses of $1.4M, and assets of $1.9M (revenue +256.5% year-over-year).
- 2011: Revenue of $481K, expenses of $1.5M, and assets of $1.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for More Than Wheels Inc:
Data Sources and Methodology
This transparency report for More Than Wheels 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.