Prior Lake Water Ski Association
EIN: 411779890 · Prior Lake, MN · NTEE: N68
| Metric | Value |
|---|---|
| Total Revenue | $6.7M |
| Total Expenses | $247K |
| Net Assets | $686K |
Is Prior Lake Water Ski Association Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Prior Lake Water Ski Association
Prior Lake Water Ski Association (EIN: 411779890) is a nonprofit organization based in Prior Lake, MN, classified under NTEE code N68. The organization reported total revenue of $6.7M and total assets of $913K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Prior Lake Water Ski Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Prior Lake Water Ski Association is a mid-size nonprofit that has been operating for 21 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 16.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $258K |
| Total Expenses | $247K |
| Surplus / Deficit | +$11K |
| Total Assets | $813K |
| Total Liabilities | $126K |
| Net Assets | $686K |
| Operating Margin | 4.2% |
| Debt-to-Asset Ratio | 15.6% |
| Months of Reserves | 39.5 months |
Financial Health Grade: A
In 2023, Prior Lake Water Ski Association reported a surplus of $11K with revenue exceeding expenses, holds 39.5 months of operating reserves (strong position), has a debt-to-asset ratio of 15.6% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Prior Lake Water Ski Association's revenue has grown at a compound annual growth rate (CAGR) of 16.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -19.6% | +85.2% | +6.7% |
| 2022 | +34.2% | -2.9% | +28.8% |
| 2021 | +60.1% | +45.2% | +20.3% |
| 2020 | -8.7% | -38.1% | +6.3% |
| 2019 | +42.6% | +34.0% | +8.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Prior Lake Water Ski Association has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Prior Lake Water Ski Association with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $11K, with revenue exceeding expenses.
- Debt-to-asset ratio: 15.6%.
Frequently Asked Questions about Prior Lake Water Ski Association
Is Prior Lake Water Ski Association a legitimate charity?
Prior Lake Water Ski Association (EIN: 411779890) is a registered tax-exempt nonprofit based in Minnesota. It has 14 years of IRS 990 filings on record. Total revenue: $6.7M. No red flags identified. Financial health grade: A.
How does Prior Lake Water Ski Association spend its money?
Prior Lake Water Ski Association reported $6.7M in total revenue in IRS 990 filings. 14 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Prior Lake Water Ski Association tax-deductible?
Prior Lake Water Ski Association is registered as a tax-exempt nonprofit (EIN: 411779890). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Prior Lake Water Ski Association located?
Prior Lake Water Ski Association is headquartered in Prior Lake, Minnesota and files with the IRS under EIN 411779890. It is classified under NTEE code N68.
How many years of IRS 990 filings does Prior Lake Water Ski Association have?
Prior Lake Water Ski Association has 14 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 $6.7M in total revenue.
Filing History
IRS 990 filing history for Prior Lake Water Ski Association showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Prior Lake Water Ski Association's revenue has grown by 653.9%, moving from $34K to $258K. Total assets increased by 326.7% over the same period, from $190K to $813K. Total functional expenses rose by 842%, from $26K to $247K. In its most recent filing year (2023), Prior Lake Water Ski Association reported a surplus of $11K, with revenue exceeding expenses. The organization holds $126K in liabilities against $813K in assets (debt-to-asset ratio: 15.6%), resulting in net assets of $686K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $258K | $247K | $813K | $126K | — | — |
| 2022 | $321K | $133K | $762K | $87K | — | View 990 |
| 2021 | $239K | $137K | $592K | $104K | — | View 990 |
| 2020 | $149K | $95K | $492K | $105K | — | — |
| 2019 | $163K | $153K | $462K | $132K | — | View 990 |
| 2018 | $115K | $114K | $427K | $116K | — | View 990 |
| 2017 | $123K | $70K | $438K | $123K | — | View 990 |
| 2016 | $155K | $47K | $597K | $130K | — | View 990 |
| 2015 | $78K | $35K | $358K | $0 | — | View 990 |
| 2014 | $67K | $30K | $315K | $0 | — | View 990 |
| 2013 | $72K | $56K | $278K | $0 | — | View 990 |
| 2012 | $83K | $37K | $262K | $0 | — | View 990 |
| 2011 | $55K | $36K | $217K | $0 | — | View 990 |
| 2010 | $34K | $26K | $190K | $17K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $258K, expenses of $247K, and assets of $813K (revenue -19.6% year-over-year).
- 2022: Revenue of $321K, expenses of $133K, and assets of $762K (revenue +34.2% year-over-year).
- 2021: Revenue of $239K, expenses of $137K, and assets of $592K (revenue +60.1% year-over-year).
- 2020: Revenue of $149K, expenses of $95K, and assets of $492K (revenue -8.7% year-over-year).
- 2019: Revenue of $163K, expenses of $153K, and assets of $462K (revenue +42.6% year-over-year).
- 2018: Revenue of $115K, expenses of $114K, and assets of $427K (revenue -6.5% year-over-year).
- 2017: Revenue of $123K, expenses of $70K, and assets of $438K (revenue -21.0% year-over-year).
- 2016: Revenue of $155K, expenses of $47K, and assets of $597K (revenue +97.7% year-over-year).
- 2015: Revenue of $78K, expenses of $35K, and assets of $358K (revenue +16.5% year-over-year).
- 2014: Revenue of $67K, expenses of $30K, and assets of $315K (revenue -6.6% year-over-year).
- 2013: Revenue of $72K, expenses of $56K, and assets of $278K (revenue -13.4% year-over-year).
- 2012: Revenue of $83K, expenses of $37K, and assets of $262K (revenue +52.0% year-over-year).
- 2011: Revenue of $55K, expenses of $36K, and assets of $217K (revenue +60.4% year-over-year).
- 2010: Revenue of $34K, expenses of $26K, and assets of $190K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Prior Lake Water Ski Association:
Data Sources and Methodology
This transparency report for Prior Lake Water Ski Association 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.