National Association Of Charterboat Operatos Inc
National Association Of Charterboat Operators Inc faces significant deficit in latest fiscal year with revenue of $23,385 against expenses of $136,021.
EIN: 20576582 · Hurley, MS · NTEE: S41 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $23K |
| Total Expenses | $136K |
| Program Spending | 80% |
| Net Assets | $35K |
| Transparency Score | 60/100 |
Is National Association Of Charterboat Operatos Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
National Association Of Charterboat Operatos Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About National Association Of Charterboat Operatos Inc
National Association Of Charterboat Operatos Inc (EIN: 20576582) is a nonprofit organization based in Hurley, MS, classified under NTEE code S41. The organization reported total revenue of $23K and total assets of $86K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of National Association Of Charterboat Operatos Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
National Association Of Charterboat Operatos Inc is a micro nonprofit that has been operating for 24 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -15.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $23K |
| Total Expenses | $136K |
| Surplus / Deficit | $-112,636 |
| Total Assets | $86K |
| Total Liabilities | $51K |
| Net Assets | $35K |
| Operating Margin | -481.7% |
| Debt-to-Asset Ratio | 59.5% |
| Months of Reserves | 7.6 months |
Financial Health Grade: C
In 2023, National Association Of Charterboat Operatos Inc reported a deficit of $113K with expenses exceeding revenue, holds 7.6 months of operating reserves (strong position), has a debt-to-asset ratio of 59.5% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), National Association Of Charterboat Operatos Inc's revenue has declined at a compound annual growth rate (CAGR) of -15.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -84.0% | +44.6% | -53.4% |
| 2022 | +114.1% | +12.7% | +2.3% |
| 2021 | -45.0% | +2.1% | -10.2% |
| 2020 | +16.4% | -37.6% | +437.9% |
| 2019 | -6.1% | +36.1% | -51.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2002 |
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 National Association Of Charterboat Operatos Inc with a Mission Score of 60 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, National Association Of Charterboat Operatos Inc 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 $113K, with expenses exceeding revenue.
- Debt-to-asset ratio: 59.5%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership either serves on a volunteer basis or is compensated through other means not categorized as officer compensation, which is a positive sign for minimizing overhead in this area.
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 National Association Of Charterboat Operatos Inc's IRS 990 filings:
- Significant operating deficit in the latest fiscal year (202312) with expenses ($136,021) vastly exceeding revenue ($23,385).
- Highly volatile revenue streams, with a sharp drop from $145,907 in 202212 to $23,385 in 202312.
- Fluctuating liabilities, indicating potential inconsistencies in financial management or significant operational changes.
Strengths
The following positive indicators were identified for National Association Of Charterboat Operatos Inc:
- Consistent reporting of 0% officer compensation, indicating a commitment to minimizing executive overhead.
- Maintained an asset base ($85,649 in 202312) that generally exceeds liabilities ($50,967 in 202312), despite recent financial challenges.
- Long history of consistent IRS 990 filings (13 filings), demonstrating transparency in reporting.
Frequently Asked Questions about National Association Of Charterboat Operatos Inc
Is National Association Of Charterboat Operatos Inc a legitimate charity?
National Association Of Charterboat Operatos Inc (EIN: 20576582) is a registered tax-exempt nonprofit based in Mississippi. Our AI analysis gives it a Mission Score of 60/100. It has 13 years of IRS 990 filings on record. Total revenue: $23K. 3 red flags identified. 3 strengths noted. Financial health grade: C.
How does National Association Of Charterboat Operatos Inc spend its money?
National Association Of Charterboat Operatos Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to National Association Of Charterboat Operatos Inc tax-deductible?
National Association Of Charterboat Operatos Inc is registered as a tax-exempt nonprofit (EIN: 20576582). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of National Association Of Charterboat Operatos Inc's spending goes to programs?
National Association Of Charterboat Operatos Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does National Association Of Charterboat Operatos Inc compare to similar nonprofits?
With a transparency score of 60/100 (Good), National Association Of Charterboat Operatos Inc is above average for NTEE category S41 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is National Association Of Charterboat Operatos Inc located?
National Association Of Charterboat Operatos Inc is headquartered in Hurley, Mississippi and files with the IRS under EIN 20576582. It is classified under NTEE code S41.
How many years of IRS 990 filings does National Association Of Charterboat Operatos Inc have?
National Association Of Charterboat Operatos Inc 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 $23K in total revenue.
Is National Association Of Charterboat Operatos Inc financially stable?
Based on the latest 202312 filing, the organization is not financially stable, reporting a significant deficit with expenses of $136,021 far exceeding revenue of $23,385. This is a sharp decline from previous years where revenue generally covered expenses.
What caused the large deficit in 2023?
The provided data does not specify the exact causes for the dramatic drop in revenue and increase in expenses in 2023. Further investigation into the detailed 990 form would be needed to understand the specific factors.
How does the organization manage its liabilities?
Liabilities have fluctuated significantly, from $0 in 2014-2016 to a high of $104,473 in 202112, and currently stand at $50,967 in 202312. While they have decreased from their peak, the organization still carries a notable amount of debt relative to its current revenue.
Does the organization pay its officers?
No, the IRS 990 filings consistently report 0% officer compensation across all available periods, suggesting a volunteer or unpaid executive leadership structure.
Filing History
IRS 990 filing history for National Association Of Charterboat Operatos Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), National Association Of Charterboat Operatos Inc's revenue has declined by 86.7%, moving from $176K to $23K. Total assets decreased by 34.6% over the same period, from $131K to $86K. Total functional expenses fell by 20.5%, from $171K to $136K. In its most recent filing year (2023), National Association Of Charterboat Operatos Inc reported a deficit of $113K, with expenses exceeding revenue. The organization holds $51K in liabilities against $86K in assets (debt-to-asset ratio: 59.5%), resulting in net assets of $35K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $23K | $136K | $86K | $51K | — | — |
| 2022 | $146K | $94K | $184K | $51K | — | View 990 |
| 2021 | $68K | $83K | $180K | $104K | — | View 990 |
| 2020 | $124K | $82K | $200K | $104K | — | View 990 |
| 2019 | $106K | $131K | $37K | $273 | — | View 990 |
| 2018 | $113K | $96K | $77K | $273 | — | View 990 |
| 2017 | $92K | $97K | $61K | $272 | — | — |
| 2016 | $94K | $103K | $66K | $0 | — | View 990 |
| 2015 | $99K | $114K | $76K | $0 | — | View 990 |
| 2014 | $106K | $106K | $91K | $0 | — | View 990 |
| 2013 | $127K | $170K | $91K | $0 | — | View 990 |
| 2012 | $170K | $167K | $134K | $0 | — | View 990 |
| 2011 | $176K | $171K | $131K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $23K, expenses of $136K, and assets of $86K (revenue -84.0% year-over-year).
- 2022: Revenue of $146K, expenses of $94K, and assets of $184K (revenue +114.1% year-over-year).
- 2021: Revenue of $68K, expenses of $83K, and assets of $180K (revenue -45.0% year-over-year).
- 2020: Revenue of $124K, expenses of $82K, and assets of $200K (revenue +16.4% year-over-year).
- 2019: Revenue of $106K, expenses of $131K, and assets of $37K (revenue -6.1% year-over-year).
- 2018: Revenue of $113K, expenses of $96K, and assets of $77K (revenue +23.5% year-over-year).
- 2017: Revenue of $92K, expenses of $97K, and assets of $61K (revenue -2.2% year-over-year).
- 2016: Revenue of $94K, expenses of $103K, and assets of $66K (revenue -5.5% year-over-year).
- 2015: Revenue of $99K, expenses of $114K, and assets of $76K (revenue -6.5% year-over-year).
- 2014: Revenue of $106K, expenses of $106K, and assets of $91K (revenue -16.1% year-over-year).
- 2013: Revenue of $127K, expenses of $170K, and assets of $91K (revenue -25.6% year-over-year).
- 2012: Revenue of $170K, expenses of $167K, and assets of $134K (revenue -3.6% year-over-year).
- 2011: Revenue of $176K, expenses of $171K, and assets of $131K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for National Association Of Charterboat Operatos Inc:
Data Sources and Methodology
This transparency report for National Association Of Charterboat Operatos 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.