Snoward Bound Snowmobile Club
Snoward Bound Snowmobile Club faces persistent financial deficits and negative assets.
EIN: 20467701 · Center Conway, NH · NTEE: N32 · Updated: 2026-03-28
Is Snoward Bound Snowmobile Club Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Snoward Bound Snowmobile Club directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Snoward Bound Snowmobile Club
Snoward Bound Snowmobile Club (EIN: 20467701) is a nonprofit organization based in Center Conway, NH, classified under NTEE code N32. 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 Snoward Bound Snowmobile Club's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Snoward Bound Snowmobile Club is a micro nonprofit that has been operating for 16 years, with 10 years of IRS 990 filings on record (2011–2020). Revenue has grown at a compound annual rate of -17.1%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $2K |
| Total Expenses | $10K |
| Surplus / Deficit | $-7,703 |
| Total Assets | $-11,543 |
| Net Assets | $-11,543 |
| Operating Margin | -397.5% |
| Months of Reserves | -14.4 months |
Financial Health Grade: C
In 2020, Snoward Bound Snowmobile Club reported a deficit of $8K with expenses exceeding revenue, holds -14.4 months of operating reserves (limited).
Financial Trends
Over 10 years of filings (2011–2020), Snoward Bound Snowmobile Club's revenue has declined at a compound annual growth rate (CAGR) of -17.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | -68.0% | -13.5% | — |
| 2019 | +63.4% | +157.6% | -406.2% |
| 2018 | -26.7% | -33.7% | +209.6% |
| 2017 | +159.9% | +63.5% | -78.4% |
| 2016 | -74.9% | -54.8% | +1024.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2010 |
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 Snoward Bound Snowmobile Club with a Mission Score of 45 out of 100 (Fair). 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, Snoward Bound Snowmobile Club 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 (2020)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $8K, with expenses exceeding revenue.
Executive Compensation Analysis
Officer compensation has consistently been reported as 0% across all available filings, indicating a fully volunteer-run organization with no paid executives, which is typical for very small clubs.
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 Snoward Bound Snowmobile Club's IRS 990 filings:
- Consistent operational deficits (expenses frequently exceed revenue, e.g., $9,641 expenses vs. $1,938 revenue in 2020).
- Negative asset balances in recent years (e.g., -$11,543 in 2020, -$3,840 in 2019), indicating insolvency.
- Significant decline in assets from a positive balance of $4,726 in 2011 to a negative balance of -$11,543 in 2020.
Strengths
The following positive indicators were identified for Snoward Bound Snowmobile Club:
- No officer compensation reported, indicating a volunteer-driven model.
- Low overhead likely due to small scale and volunteer operations.
Frequently Asked Questions about Snoward Bound Snowmobile Club
Is Snoward Bound Snowmobile Club a legitimate charity?
Based on AI analysis of IRS 990 filings, Snoward Bound Snowmobile Club (EIN: 20467701) significant concerns. Mission Score: 45/100. 3 red flags identified, 2 strengths noted.
How does Snoward Bound Snowmobile Club spend its money?
Snoward Bound Snowmobile Club directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Snoward Bound Snowmobile Club tax-deductible?
Snoward Bound Snowmobile Club is registered as a tax-exempt nonprofit (EIN: 20467701). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Snoward Bound Snowmobile Club cover its consistent operational deficits?
The filings show consistent expenses exceeding revenue (e.g., $9,641 expenses vs. $1,938 revenue in 2020), leading to negative assets. The mechanism for covering these shortfalls is not explicitly detailed in the provided data, but could involve informal loans, delayed payments, or unrecorded contributions.
What is the long-term financial sustainability of the organization given its negative asset position?
With assets reported as negative (e.g., -$11,543 in 2020), the organization's long-term financial sustainability is highly questionable. This indicates that liabilities or accumulated deficits exceed any assets it possesses, which is an unsustainable financial position.
Are there any plans to increase revenue or reduce expenses to achieve financial stability?
The provided IRS 990 data does not include strategic plans or future financial projections, so it's not possible to determine if there are plans to address the ongoing revenue shortfalls and expense overruns.
Filing History
IRS 990 filing history for Snoward Bound Snowmobile Club showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2020), Snoward Bound Snowmobile Club's revenue has declined by 81.5%, moving from $10K to $2K. Total assets decreased by 344.2% over the same period, from $5K to $-11,543. Total functional expenses fell by 56.5%, from $22K to $10K. In its most recent filing year (2020), Snoward Bound Snowmobile Club reported a deficit of $8K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $2K | $10K | $-11,543 | $0 | — | View 990 |
| 2019 | $6K | $11K | $-3,840 | $0 | — | View 990 |
| 2018 | $4K | $4K | $1K | $0 | — | View 990 |
| 2017 | $5K | $7K | $405 | $0 | — | View 990 |
| 2016 | $2K | $4K | $2K | $0 | — | View 990 |
| 2015 | $8K | $9K | $167 | $0 | — | View 990 |
| 2014 | $9K | $11K | $1K | $0 | — | — |
| 2013 | $5K | $6K | $2K | $0 | — | — |
| 2012 | $5K | $6K | $4K | $0 | — | — |
| 2011 | $10K | $22K | $5K | $0 | — | — |
Year-by-Year Financial Summary
- 2020: Revenue of $2K, expenses of $10K, and assets of $-11,543 (revenue -68.0% year-over-year).
- 2019: Revenue of $6K, expenses of $11K, and assets of $-3,840 (revenue +63.4% year-over-year).
- 2018: Revenue of $4K, expenses of $4K, and assets of $1K (revenue -26.7% year-over-year).
- 2017: Revenue of $5K, expenses of $7K, and assets of $405 (revenue +159.9% year-over-year).
- 2016: Revenue of $2K, expenses of $4K, and assets of $2K (revenue -74.9% year-over-year).
- 2015: Revenue of $8K, expenses of $9K, and assets of $167 (revenue -18.3% year-over-year).
- 2014: Revenue of $9K, expenses of $11K, and assets of $1K (revenue +99.2% year-over-year).
- 2013: Revenue of $5K, expenses of $6K, and assets of $2K (revenue -12.5% year-over-year).
- 2012: Revenue of $5K, expenses of $6K, and assets of $4K (revenue -48.1% year-over-year).
- 2011: Revenue of $10K, expenses of $22K, and assets of $5K.
Data Sources and Methodology
This transparency report for Snoward Bound Snowmobile Club 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.