South Platte Water Related Activities Program Inc

South Platte Water Related Activities Program Inc consistently operates with zero officer compensation and growing assets.

EIN: 141931682 · Sterling, CO · NTEE: D31 · Updated: 2026-03-28

$1.7MRevenue

$6.8MAssets

95/100Mission Score (Excellent)

D31

About South Platte Water Related Activities Program Inc

South Platte Water Related Activities Program Inc (EIN: 141931682) is a nonprofit organization based in Sterling, CO, classified under NTEE code D31. The organization reported total revenue of $1.7M and total assets of $6.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of South Platte Water Related Activities Program Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

South Platte Water Related Activities Program Inc (SPWRAP) demonstrates consistent financial health, with revenues generally exceeding expenses in recent years, leading to a steady growth in assets. For instance, in 2023, revenue was $1,679,901 against expenses of $1,079,873, contributing to an asset base of $6,174,782. The organization's NTEE code D31 suggests a focus on water resource management, which aligns with its name. The absence of reported officer compensation across all available filings indicates a high degree of financial transparency and a commitment to directing funds towards its mission rather than executive salaries. This practice is a strong indicator of good governance and efficient resource allocation.

SPWRAP's spending efficiency appears strong, particularly given the zero officer compensation. While a detailed breakdown of program, administrative, and fundraising expenses isn't provided in the summary data, the overall financial picture suggests that the majority of its $1,079,873 in expenses in 2023 is likely directed towards its water-related activities. The organization has also consistently maintained a healthy asset base, growing from $5,173,503 in 2014 to $6,174,782 in 2023, indicating sound financial management and sustainability. The significant increase in assets from $5,470,287 in 2022 to $6,174,782 in 2023, alongside a positive revenue-to-expense ratio, further reinforces its financial stability.

Overall, SPWRAP exhibits strong financial health, efficient spending practices, and excellent transparency, particularly through its consistent reporting of zero officer compensation. This suggests a well-managed organization focused on its mission, with a solid financial foundation to support its ongoing activities in water resource management.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates South Platte Water Related Activities Program Inc with a Mission Score of 95 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: 7%
programs: 90%
fundraising: 3%

According to IRS 990 filings, South Platte Water Related Activities Program Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries from the organization, which is highly commendable for an organization with over $1.6 million in annual revenue and $6 million in assets.

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 South Platte Water Related Activities Program Inc:

Consistent 0% officer compensation, indicating high efficiency and dedication to mission.
Healthy and growing asset base, increasing from $5,173,503 in 2014 to $6,174,782 in 2023.
Revenues consistently exceeding expenses in most recent years, demonstrating financial sustainability (e.g., $1,679,901 revenue vs. $1,079,873 expenses in 2023).
Low liabilities relative to assets, with liabilities of $489,169 against assets of $6,174,782 in 2023.
Strong financial transparency through consistent 990 filings.

Frequently Asked Questions about South Platte Water Related Activities Program Inc

Is South Platte Water Related Activities Program Inc a good charity?

Based on the provided financial data, SPWRAP appears to be a very good charity. It consistently reports zero officer compensation, maintains a healthy and growing asset base (e.g., $6,174,782 in 2023), and generally operates with revenues exceeding expenses, indicating strong financial management and a clear focus on its mission.

How does SPWRAP manage its finances without officer compensation?

The consistent reporting of 0% officer compensation suggests that the organization's leadership may be entirely volunteer-based, or compensated through other means not classified as officer compensation on the 990, or that the organization has a unique operational model where administrative functions are covered by other funding or volunteer efforts. This practice significantly reduces overhead and maximizes funds for program activities.

What is the trend in SPWRAP's financial stability?

SPWRAP demonstrates a strong trend of financial stability. Its assets have grown from $5,173,503 in 2014 to $6,174,782 in 2023, and in most recent years, revenues have comfortably exceeded expenses (e.g., $1,679,901 revenue vs. $1,079,873 expenses in 2023), indicating a sustainable financial model.

Filing History

IRS 990 filing history for South Platte Water Related Activities Program Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), South Platte Water Related Activities Program Inc's revenue has grown by 72.1%, moving from $976K to $1.7M. Total assets increased by 50.5% over the same period, from $4.1M to $6.2M. Total functional expenses rose by 88.7%, from $572K to $1.1M. In its most recent filing year (2023), South Platte Water Related Activities Program Inc reported a surplus of $600K, with revenue exceeding expenses. The organization holds $489K in liabilities against $6.2M in assets (debt-to-asset ratio: 7.9%), resulting in net assets of $5.7M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$1.7M	$1.1M	$6.2M	$489K	—	—
2022	$1.4M	$923K	$5.5M	$385K	—	View 990
2021	$1.2M	$2.0M	$5.1M	$494K	—	View 990
2020	$1.2M	$1.2M	$5.8M	$429K	—	—
2019	$1.2M	$950K	$5.9M	$466K	—	View 990
2018	$1.1M	$910K	$5.7M	$563K	—	View 990
2017	$996K	$808K	$6.3M	$1.4M	—	View 990
2016	$1.1M	$997K	$5.2M	$512K	—	View 990
2015	$1.3M	$1.1M	$5.1M	$520K	—	View 990
2014	$969K	$1.1M	$5.2M	$704K	—	View 990
2013	$1.1M	$1.1M	$5.3M	$724K	—	View 990
2012	$1.3M	$682K	$5.0M	$388K	—	View 990
2011	$976K	$572K	$4.1M	$132K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $1.7M, expenses of $1.1M, and assets of $6.2M (revenue +16.7% year-over-year).
2022: Revenue of $1.4M, expenses of $923K, and assets of $5.5M (revenue +16.1% year-over-year).
2021: Revenue of $1.2M, expenses of $2.0M, and assets of $5.1M (revenue +2.7% year-over-year).
2020: Revenue of $1.2M, expenses of $1.2M, and assets of $5.8M (revenue -2.8% year-over-year).
2019: Revenue of $1.2M, expenses of $950K, and assets of $5.9M (revenue +10.4% year-over-year).
2018: Revenue of $1.1M, expenses of $910K, and assets of $5.7M (revenue +12.8% year-over-year).
2017: Revenue of $996K, expenses of $808K, and assets of $6.3M (revenue -9.2% year-over-year).
2016: Revenue of $1.1M, expenses of $997K, and assets of $5.2M (revenue -13.2% year-over-year).
2015: Revenue of $1.3M, expenses of $1.1M, and assets of $5.1M (revenue +30.5% year-over-year).
2014: Revenue of $969K, expenses of $1.1M, and assets of $5.2M (revenue -11.3% year-over-year).
2013: Revenue of $1.1M, expenses of $1.1M, and assets of $5.3M (revenue -18.0% year-over-year).
2012: Revenue of $1.3M, expenses of $682K, and assets of $5.0M (revenue +36.5% year-over-year).
2011: Revenue of $976K, expenses of $572K, and assets of $4.1M.

Data Sources and Methodology

This transparency report for South Platte Water Related Activities Program 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.