Steamboat Training Adaptive Recreational Sports
Steamboat Training Adaptive Recreational Sports consistently grows revenue and assets with zero reported officer compensation.
EIN: 205823688 · Steamboat Spr, CO · NTEE: N67 · Updated: 2026-03-28
Is Steamboat Training Adaptive Recreational Sports Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Steamboat Training Adaptive Recreational Sports directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Steamboat Training Adaptive Recreational Sports
Steamboat Training Adaptive Recreational Sports (EIN: 205823688) is a nonprofit organization based in Steamboat Spr, CO, classified under NTEE code N67. The organization reported total revenue of $2.6M and total assets of $6.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Steamboat Training Adaptive Recreational Sports's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Steamboat Training Adaptive Recreational Sports is a mid-size nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 20.0%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.3M |
| Total Expenses | $2.2M |
| Surplus / Deficit | +$134K |
| Total Assets | $6.5M |
| Total Liabilities | $45K |
| Net Assets | $6.4M |
| Operating Margin | 5.7% |
| Debt-to-Asset Ratio | 0.7% |
| Months of Reserves | 35.3 months |
Financial Health Grade: A
In 2024, Steamboat Training Adaptive Recreational Sports reported a surplus of $134K with revenue exceeding expenses, holds 35.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.7% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2024), Steamboat Training Adaptive Recreational Sports's revenue has grown at a compound annual growth rate (CAGR) of 20.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +24.0% | +40.8% | -5.8% |
| 2023 | +25.1% | +9.1% | +4.0% |
| 2022 | +13.0% | +14.1% | -0.4% |
| 2021 | +15.6% | +9.7% | +0.8% |
| 2020 | -56.9% | +6.3% | +4.2% |
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 Steamboat Training Adaptive Recreational Sports 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Steamboat Training Adaptive Recreational Sports 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $134K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.7%.
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 this size ($2.3M+ revenue) and suggests a strong commitment to directing funds to programs.
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 Steamboat Training Adaptive Recreational Sports:
- Consistent revenue growth, from $1.3M in 2015 to $2.3M in 2024.
- Significant asset accumulation, growing from under $1M to over $6.4M.
- Zero reported officer compensation across all filings, indicating high efficiency and mission focus.
- Consistent operational surpluses, demonstrating sound financial management.
- Relatively low liabilities compared to assets, indicating strong financial stability.
Frequently Asked Questions about Steamboat Training Adaptive Recreational Sports
Is Steamboat Training Adaptive Recreational Sports a legitimate charity?
Based on AI analysis of IRS 990 filings, Steamboat Training Adaptive Recreational Sports (EIN: 205823688) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Steamboat Training Adaptive Recreational Sports spend its money?
Steamboat Training Adaptive Recreational Sports directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Steamboat Training Adaptive Recreational Sports tax-deductible?
Steamboat Training Adaptive Recreational Sports is registered as a tax-exempt nonprofit (EIN: 205823688). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Steamboat Training Adaptive Recreational Sports a good charity?
Based on the available financial data, Steamboat Training Adaptive Recreational Sports appears to be a very good charity. They consistently generate surpluses, have grown their assets significantly, and report 0% officer compensation, indicating a strong commitment to their mission and efficient use of funds.
How has the organization's revenue trended over time?
The organization's revenue has shown a strong upward trend, growing from $1,361,009 in 201504 to $2,330,659 in 202404, with some fluctuations but a clear overall growth trajectory.
What is the organization's asset growth like?
Steamboat Training Adaptive Recreational Sports has experienced substantial asset growth, increasing from $956,182 in 201504 to $6,454,541 in 202404, demonstrating strong financial health and capacity building.
Are there any concerns about executive compensation?
No, there are no concerns about executive compensation; in fact, it's a significant strength. The organization consistently reports 0% officer compensation across all filings, which is highly commendable and indicates that resources are not being diverted to high salaries for leadership.
Does the organization operate with a surplus or deficit?
The organization consistently operates with a surplus, meaning its revenues exceed its expenses. For example, in 202404, revenue was $2,330,659 and expenses were $2,196,807, resulting in a surplus.
Filing History
IRS 990 filing history for Steamboat Training Adaptive Recreational Sports showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Steamboat Training Adaptive Recreational Sports's revenue has grown by 792.4%, moving from $261K to $2.3M. Total assets increased by 4600.3% over the same period, from $137K to $6.5M. Total functional expenses rose by 749.4%, from $259K to $2.2M. In its most recent filing year (2024), Steamboat Training Adaptive Recreational Sports reported a surplus of $134K, with revenue exceeding expenses. The organization holds $45K in liabilities against $6.5M in assets (debt-to-asset ratio: 0.7%), resulting in net assets of $6.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $2.3M | $2.2M | $6.5M | $45K | — | View 990 |
| 2023 | $1.9M | $1.6M | $6.9M | $575K | — | — |
| 2022 | $1.5M | $1.4M | $6.6M | $631K | — | View 990 |
| 2021 | $1.3M | $1.3M | $6.6M | $728K | — | — |
| 2020 | $1.1M | $1.1M | $6.6M | $754K | — | View 990 |
| 2019 | $2.7M | $1.1M | $6.3M | $495K | — | View 990 |
| 2018 | $1.3M | $923K | $4.3M | $56K | — | — |
| 2017 | $3.0M | $892K | $3.8M | $37K | — | View 990 |
| 2016 | $1.7M | $967K | $1.7M | $27K | — | View 990 |
| 2015 | $1.4M | $701K | $956K | $44K | — | View 990 |
| 2014 | $494K | $423K | $256K | $13K | — | View 990 |
| 2013 | $368K | $329K | $181K | $10K | — | View 990 |
| 2012 | $261K | $259K | $137K | $5K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $2.3M, expenses of $2.2M, and assets of $6.5M (revenue +24.0% year-over-year).
- 2023: Revenue of $1.9M, expenses of $1.6M, and assets of $6.9M (revenue +25.1% year-over-year).
- 2022: Revenue of $1.5M, expenses of $1.4M, and assets of $6.6M (revenue +13.0% year-over-year).
- 2021: Revenue of $1.3M, expenses of $1.3M, and assets of $6.6M (revenue +15.6% year-over-year).
- 2020: Revenue of $1.1M, expenses of $1.1M, and assets of $6.6M (revenue -56.9% year-over-year).
- 2019: Revenue of $2.7M, expenses of $1.1M, and assets of $6.3M (revenue +100.5% year-over-year).
- 2018: Revenue of $1.3M, expenses of $923K, and assets of $4.3M (revenue -56.2% year-over-year).
- 2017: Revenue of $3.0M, expenses of $892K, and assets of $3.8M (revenue +78.5% year-over-year).
- 2016: Revenue of $1.7M, expenses of $967K, and assets of $1.7M (revenue +25.1% year-over-year).
- 2015: Revenue of $1.4M, expenses of $701K, and assets of $956K (revenue +175.7% year-over-year).
- 2014: Revenue of $494K, expenses of $423K, and assets of $256K (revenue +34.1% year-over-year).
- 2013: Revenue of $368K, expenses of $329K, and assets of $181K (revenue +41.0% year-over-year).
- 2012: Revenue of $261K, expenses of $259K, and assets of $137K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Steamboat Training Adaptive Recreational Sports:
Data Sources and Methodology
This transparency report for Steamboat Training Adaptive Recreational Sports 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.