Steamboat Art Museum
Steamboat Art Museum shows consistent asset growth and no reported executive compensation over a decade.
EIN: 203867662 · Steamboat Springs, CO · NTEE: A510 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.3M |
| Total Expenses | $537K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $1.7 |
| Net Assets | $1.7M |
| Transparency Score | 92/100 |
Is Steamboat Art Museum Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Steamboat Art Museum directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Steamboat Art Museum
Steamboat Art Museum (EIN: 203867662) is a nonprofit organization based in Steamboat Springs, CO, classified under NTEE code A510. The organization reported total revenue of $1.3M and total assets of $1.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Steamboat Art Museum's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Steamboat Art Museum is a mid-size nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $522K |
| Total Expenses | $537K |
| Surplus / Deficit | $-14,630 |
| Total Assets | $1.7M |
| Total Liabilities | $41K |
| Net Assets | $1.7M |
| Operating Margin | -2.8% |
| Debt-to-Asset Ratio | 2.3% |
| Months of Reserves | 38.7 months |
Financial Health Grade: B
In 2023, Steamboat Art Museum reported a deficit of $15K with expenses exceeding revenue, holds 38.7 months of operating reserves (strong position), has a debt-to-asset ratio of 2.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Steamboat Art Museum's revenue has grown at a compound annual growth rate (CAGR) of 12.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -18.8% | +6.0% | +2.7% |
| 2022 | +2.8% | +8.9% | +5.2% |
| 2021 | +16.1% | +9.4% | +10.9% |
| 2020 | +20.8% | -1.2% | +12.1% |
| 2019 | -35.6% | -0.2% | +1.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Steamboat Art Museum with a Mission Score of 92 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Steamboat Art Museum allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $15K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is highly unusual for an organization of its size with over $1.7 million in assets and over $500,000 in annual revenue.
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 Steamboat Art Museum's IRS 990 filings:
- No reported officer compensation, which could indicate compensation is paid through a related entity or not reported, or that leadership is entirely volunteer, which is unusual for an organization of this scale.
Strengths
The following positive indicators were identified for Steamboat Art Museum:
- Consistent and significant asset growth, from $264,813 in 2014 to $1,728,615 in 2023.
- Very low liabilities relative to assets, indicating strong financial stability (e.g., $40,619 liabilities vs. $1,728,615 assets in 2023).
- No reported officer compensation across all filings, suggesting a high dedication of funds to mission-related activities.
- Generally positive net income in most years, demonstrating sound financial management (e.g., $643,237 revenue vs. $506,082 expenses in 2022).
Frequently Asked Questions about Steamboat Art Museum
Is Steamboat Art Museum a legitimate charity?
Based on AI analysis of IRS 990 filings, Steamboat Art Museum (EIN: 203867662) some concerns. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.
How does Steamboat Art Museum spend its money?
Steamboat Art Museum directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Steamboat Art Museum tax-deductible?
Steamboat Art Museum is registered as a tax-exempt nonprofit (EIN: 203867662). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Steamboat Art Museum CEO make?
Steamboat Art Museum's highest-compensated officer earns $1.7 annually. The organization reported $1.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Steamboat Art Museum's spending goes to programs?
Steamboat Art Museum directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Steamboat Art Museum compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Steamboat Art Museum is above average for NTEE category A510 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Steamboat Art Museum located?
Steamboat Art Museum is headquartered in Steamboat Springs, Colorado and files with the IRS under EIN 203867662. It is classified under NTEE code A510.
How many years of IRS 990 filings does Steamboat Art Museum have?
Steamboat Art Museum 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 $1.3M in total revenue.
Is Steamboat Art Museum a good charity?
Based on its financial data, Steamboat Art Museum appears to be a very good charity. It demonstrates strong financial health with consistent asset growth, low liabilities, and a remarkable commitment to directing funds towards its mission by reporting 0% officer compensation across all filings.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved over time. Assets grew from $264,813 in 2014 to $1,728,615 in 2023, and revenue has generally trended upwards, indicating strong growth and stability.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation in all available IRS 990 filings, suggesting that executive leadership may be entirely volunteer-based or compensated through other means not reported as officer compensation on the 990.
How efficient is Steamboat Art Museum in its spending?
The museum appears highly efficient in its spending, particularly given the absence of reported officer compensation. This implies a very high percentage of expenses are directed towards program services and essential operations, maximizing impact per dollar.
Filing History
IRS 990 filing history for Steamboat Art Museum showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Steamboat Art Museum's revenue has grown by 287.9%, moving from $135K to $522K. Total assets increased by 2273.3% over the same period, from $73K to $1.7M. Total functional expenses rose by 358.3%, from $117K to $537K. In its most recent filing year (2023), Steamboat Art Museum reported a deficit of $15K, with expenses exceeding revenue. The organization holds $41K in liabilities against $1.7M in assets (debt-to-asset ratio: 2.3%), resulting in net assets of $1.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $522K | $537K | $1.7M | $41K | — | — |
| 2022 | $643K | $506K | $1.7M | $32K | — | View 990 |
| 2021 | $626K | $465K | $1.6M | $14K | — | View 990 |
| 2020 | $539K | $425K | $1.4M | $18K | — | View 990 |
| 2019 | $447K | $430K | $1.3M | $16K | — | View 990 |
| 2018 | $693K | $431K | $1.3M | $18K | — | View 990 |
| 2017 | $761K | $358K | $1.2M | $182K | — | View 990 |
| 2016 | $261K | $259K | $596K | $11K | — | View 990 |
| 2015 | $530K | $205K | $590K | $7K | — | View 990 |
| 2014 | $286K | $173K | $265K | $7K | — | View 990 |
| 2013 | $175K | $170K | $144K | $994 | — | View 990 |
| 2012 | $256K | $188K | $143K | $4K | — | View 990 |
| 2011 | $135K | $117K | $73K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $522K, expenses of $537K, and assets of $1.7M (revenue -18.8% year-over-year).
- 2022: Revenue of $643K, expenses of $506K, and assets of $1.7M (revenue +2.8% year-over-year).
- 2021: Revenue of $626K, expenses of $465K, and assets of $1.6M (revenue +16.1% year-over-year).
- 2020: Revenue of $539K, expenses of $425K, and assets of $1.4M (revenue +20.8% year-over-year).
- 2019: Revenue of $447K, expenses of $430K, and assets of $1.3M (revenue -35.6% year-over-year).
- 2018: Revenue of $693K, expenses of $431K, and assets of $1.3M (revenue -8.9% year-over-year).
- 2017: Revenue of $761K, expenses of $358K, and assets of $1.2M (revenue +191.3% year-over-year).
- 2016: Revenue of $261K, expenses of $259K, and assets of $596K (revenue -50.7% year-over-year).
- 2015: Revenue of $530K, expenses of $205K, and assets of $590K (revenue +84.9% year-over-year).
- 2014: Revenue of $286K, expenses of $173K, and assets of $265K (revenue +64.1% year-over-year).
- 2013: Revenue of $175K, expenses of $170K, and assets of $144K (revenue -31.8% year-over-year).
- 2012: Revenue of $256K, expenses of $188K, and assets of $143K (revenue +90.1% year-over-year).
- 2011: Revenue of $135K, expenses of $117K, and assets of $73K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Steamboat Art Museum:
Data Sources and Methodology
This transparency report for Steamboat Art Museum 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.