Nashville Sailing Foundation Inc
Nashville Sailing Foundation Inc maintains healthy finances with growing assets and no executive compensation.
EIN: 200487670 · Old Hickory, TN · NTEE: N67 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $75K |
| Total Expenses | $60K |
| Program Spending | 85% |
| Net Assets | $181K |
| Transparency Score | 90/100 |
Is Nashville Sailing Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Nashville Sailing Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Nashville Sailing Foundation Inc
Nashville Sailing Foundation Inc (EIN: 200487670) is a nonprofit organization based in Old Hickory, TN, classified under NTEE code N67. The organization reported total revenue of $75K and total assets of $189K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nashville Sailing Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Nashville Sailing Foundation Inc is a micro nonprofit that has been operating for 21 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of -4.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $69K |
| Total Expenses | $60K |
| Surplus / Deficit | +$10K |
| Total Assets | $184K |
| Total Liabilities | $3K |
| Net Assets | $181K |
| Operating Margin | 13.7% |
| Debt-to-Asset Ratio | 1.7% |
| Months of Reserves | 37.0 months |
Financial Health Grade: A
In 2023, Nashville Sailing Foundation Inc reported a surplus of $10K with revenue exceeding expenses, holds 37.0 months of operating reserves (strong position), has a debt-to-asset ratio of 1.7% (very low leverage).
Financial Trends
Over 2 years of filings (2022–2023), Nashville Sailing Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -4.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -4.0% | +8.7% | +7.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2005 |
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 Nashville Sailing Foundation Inc with a Mission Score of 90 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: 85%
- fundraising: 5%
According to IRS 990 filings, Nashville Sailing Foundation 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $10K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.7%.
Executive Compensation Analysis
The organization reported 0% officer compensation in both 2022 and 2023, indicating that its leadership is likely volunteer-based, which is highly efficient for a nonprofit of this 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 Nashville Sailing Foundation Inc:
- Consistent revenue generation, with $69,139 in 2023 and $71,983 in 2022.
- Growing asset base, increasing from $171,315 in 2022 to $183,932 in 2023.
- Extremely low liabilities ($3,115 in 2023 and $0 in 2022), indicating strong financial stability.
- No reported officer compensation, suggesting a volunteer-driven leadership and efficient use of funds.
- Positive net income in both reported periods, contributing to asset growth.
Frequently Asked Questions about Nashville Sailing Foundation Inc
Is Nashville Sailing Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Nashville Sailing Foundation Inc (EIN: 200487670) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Nashville Sailing Foundation Inc spend its money?
Nashville Sailing Foundation Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Nashville Sailing Foundation Inc tax-deductible?
Nashville Sailing Foundation Inc is registered as a tax-exempt nonprofit (EIN: 200487670). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Nashville Sailing Foundation Inc's spending goes to programs?
Nashville Sailing Foundation Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Nashville Sailing Foundation Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Nashville Sailing Foundation Inc is above average for NTEE category N67 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Nashville Sailing Foundation Inc located?
Nashville Sailing Foundation Inc is headquartered in Old Hickory, Tennessee and files with the IRS under EIN 200487670. It is classified under NTEE code N67.
How many years of IRS 990 filings does Nashville Sailing Foundation Inc have?
Nashville Sailing Foundation Inc has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $75K in total revenue.
Is Nashville Sailing Foundation Inc a good charity?
Yes, based on its financial filings, Nashville Sailing Foundation Inc appears to be a good charity. It demonstrates strong financial health, growing assets, very low liabilities, and no reported officer compensation, suggesting efficient use of funds for its mission.
How does Nashville Sailing Foundation Inc manage its expenses?
The organization manages its expenses effectively, with expenses of $59,638 against revenue of $69,139 in 2023, indicating a surplus. The absence of officer compensation further suggests a lean operational model.
Filing History
IRS 990 filing history for Nashville Sailing Foundation Inc showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Nashville Sailing Foundation Inc's revenue has declined by 4%, moving from $72K to $69K. Total assets increased by 7.4% over the same period, from $171K to $184K. Total functional expenses rose by 8.7%, from $55K to $60K. In its most recent filing year (2023), Nashville Sailing Foundation Inc reported a surplus of $10K, with revenue exceeding expenses. The organization holds $3K in liabilities against $184K in assets (debt-to-asset ratio: 1.7%), resulting in net assets of $181K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $69K | $60K | $184K | $3K | — | View 990 |
| 2022 | $72K | $55K | $171K | $0 | — | — |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Nashville Sailing Foundation Inc:
Data Sources and Methodology
This transparency report for Nashville Sailing Foundation 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.