Naturally Boulder Inc
Naturally Boulder Inc. faces recent deficits after significant asset decline in 2022, with no reported officer compensation.
EIN: 204850478 · Boulder, CO · NTEE: S41 · Updated: 2026-03-28
Is Naturally Boulder Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Naturally Boulder Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Naturally Boulder Inc
Naturally Boulder Inc (EIN: 204850478) is a nonprofit organization based in Boulder, CO, classified under NTEE code S41. The organization reported total revenue of $382K and total assets of $77K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Naturally Boulder Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Naturally Boulder Inc is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $378K |
| Total Expenses | $384K |
| Surplus / Deficit | $-6,101 |
| Total Assets | $64K |
| Total Liabilities | $12K |
| Net Assets | $52K |
| Operating Margin | -1.6% |
| Debt-to-Asset Ratio | 19.1% |
| Months of Reserves | 2.0 months |
Financial Health Grade: C
In 2023, Naturally Boulder Inc reported a deficit of $6K with expenses exceeding revenue, holds 2.0 months of operating reserves (limited), has a debt-to-asset ratio of 19.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Naturally Boulder Inc's revenue has grown at a compound annual growth rate (CAGR) of 12.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.7% | -30.6% | +82.5% |
| 2022 | -5.8% | +6.7% | -83.8% |
| 2021 | +15.3% | +37.1% | -33.8% |
| 2020 | -23.9% | -15.2% | -6.9% |
| 2019 | +4.8% | +2.2% | +6.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2007 |
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 Naturally Boulder Inc 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Naturally Boulder Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $6K, with expenses exceeding revenue.
- Debt-to-asset ratio: 19.1%.
Executive Compensation Analysis
Naturally Boulder Inc. reports 0% officer compensation across all available filings, indicating that its leadership is either unpaid or compensated through non-officer channels, which is a positive sign for resource allocation given its revenue levels.
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 Naturally Boulder Inc's IRS 990 filings:
- Consistent deficit spending in recent years (e.g., 202312, 202212)
- Significant asset decline in 202212 from $217,536 to $35,289
- Current assets ($64,388) are relatively low compared to latest annual revenue ($377,696)
Strengths
The following positive indicators were identified for Naturally Boulder Inc:
- Consistent IRS 990 filing history (13 filings) indicating transparency
- 0% reported officer compensation across all filings, suggesting efficient use of funds for leadership
- Long operational history since at least 2014
Frequently Asked Questions about Naturally Boulder Inc
Is Naturally Boulder Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Naturally Boulder Inc (EIN: 204850478) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Naturally Boulder Inc spend its money?
Naturally Boulder Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Naturally Boulder Inc tax-deductible?
Naturally Boulder Inc is registered as a tax-exempt nonprofit (EIN: 204850478). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Naturally Boulder Inc. financially stable?
Naturally Boulder Inc. has shown some financial instability, particularly with expenses exceeding revenue in recent periods (e.g., $383,797 expenses vs. $377,696 revenue in 202312) and a significant drop in assets from $217,536 in 202112 to $35,289 in 202212. While assets have slightly recovered, consistent deficits are a concern for long-term stability.
How does Naturally Boulder Inc. compensate its leadership?
The IRS 990 filings consistently report 0% officer compensation, suggesting that the organization's officers are either volunteers or compensated through means not classified as officer compensation on the 990 form.
What caused the large asset decline in 2022?
The significant asset decline from $217,536 in 202112 to $35,289 in 202212 was primarily driven by expenses ($553,180) substantially exceeding revenue ($384,403) in that period.
Filing History
IRS 990 filing history for Naturally Boulder Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Naturally Boulder Inc's revenue has grown by 303.1%, moving from $94K to $378K. Total assets decreased by 29.4% over the same period, from $91K to $64K. Total functional expenses rose by 428%, from $73K to $384K. In its most recent filing year (2023), Naturally Boulder Inc reported a deficit of $6K, with expenses exceeding revenue. The organization holds $12K in liabilities against $64K in assets (debt-to-asset ratio: 19.1%), resulting in net assets of $52K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $378K | $384K | $64K | $12K | — | — |
| 2022 | $384K | $553K | $35K | $2K | — | View 990 |
| 2021 | $408K | $518K | $218K | $9K | — | View 990 |
| 2020 | $354K | $378K | $329K | $10K | — | View 990 |
| 2019 | $465K | $446K | $353K | $10K | — | View 990 |
| 2018 | $443K | $436K | $331K | $7K | — | View 990 |
| 2017 | $433K | $358K | $323K | $6K | — | View 990 |
| 2016 | $344K | $261K | $251K | $9K | — | View 990 |
| 2015 | $129K | $175K | $160K | $0 | — | View 990 |
| 2014 | $134K | $109K | $207K | $0 | — | View 990 |
| 2013 | $150K | $101K | $183K | $0 | — | View 990 |
| 2012 | $124K | $82K | $133K | $0 | — | View 990 |
| 2011 | $94K | $73K | $91K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $378K, expenses of $384K, and assets of $64K (revenue -1.7% year-over-year).
- 2022: Revenue of $384K, expenses of $553K, and assets of $35K (revenue -5.8% year-over-year).
- 2021: Revenue of $408K, expenses of $518K, and assets of $218K (revenue +15.3% year-over-year).
- 2020: Revenue of $354K, expenses of $378K, and assets of $329K (revenue -23.9% year-over-year).
- 2019: Revenue of $465K, expenses of $446K, and assets of $353K (revenue +4.8% year-over-year).
- 2018: Revenue of $443K, expenses of $436K, and assets of $331K (revenue +2.3% year-over-year).
- 2017: Revenue of $433K, expenses of $358K, and assets of $323K (revenue +26.1% year-over-year).
- 2016: Revenue of $344K, expenses of $261K, and assets of $251K (revenue +166.9% year-over-year).
- 2015: Revenue of $129K, expenses of $175K, and assets of $160K (revenue -3.7% year-over-year).
- 2014: Revenue of $134K, expenses of $109K, and assets of $207K (revenue -11.1% year-over-year).
- 2013: Revenue of $150K, expenses of $101K, and assets of $183K (revenue +20.9% year-over-year).
- 2012: Revenue of $124K, expenses of $82K, and assets of $133K (revenue +32.7% year-over-year).
- 2011: Revenue of $94K, expenses of $73K, and assets of $91K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Naturally Boulder Inc:
Data Sources and Methodology
This transparency report for Naturally Boulder 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.