Team Academy
Team Academy frequently operates at a deficit, with liabilities consistently exceeding assets, yet reports no officer compensation.
EIN: 201056964 · Waseca, MN · NTEE: B29 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.9M |
| Total Expenses | $2.3M |
| Program Spending | 80% |
| Net Assets | $-739,244 |
| Transparency Score | 70/100 |
Is Team Academy Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Team Academy directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Team Academy
Team Academy (EIN: 201056964) is a nonprofit organization based in Waseca, MN, classified under NTEE code B29. The organization reported total revenue of $1.9M and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Team Academy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Team Academy is a mid-size nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.8M |
| Total Expenses | $2.3M |
| Surplus / Deficit | $-480,349 |
| Total Assets | $1.6M |
| Total Liabilities | $2.3M |
| Net Assets | $-739,244 |
| Operating Margin | -26.7% |
| Debt-to-Asset Ratio | 146.7% |
| Months of Reserves | 8.3 months |
Financial Health Grade: C
In 2023, Team Academy reported a deficit of $480K with expenses exceeding revenue, holds 8.3 months of operating reserves (strong position), has a debt-to-asset ratio of 146.7% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Team Academy's revenue has grown at a compound annual growth rate (CAGR) of 1.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -24.7% | +7.6% | -16.8% |
| 2022 | +29.8% | +9.4% | +37.8% |
| 2021 | +4.1% | -3.5% | -6.8% |
| 2020 | +-0.0% | +36.3% | -23.8% |
| 2019 | -2.3% | -32.2% | -17.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2006 |
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 Team Academy with a Mission Score of 70 out of 100 (Good). 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, Team Academy 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $480K, with expenses exceeding revenue.
- Debt-to-asset ratio: 146.7%.
Executive Compensation Analysis
Team Academy consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its officers, which is a strong positive for resource allocation and transparency.
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 Team Academy's IRS 990 filings:
- Recurring operational deficits (e.g., 202306: $480,349 deficit)
- Liabilities consistently exceed assets (e.g., 202306: $2,322,063 liabilities vs. $1,582,819 assets)
Strengths
The following positive indicators were identified for Team Academy:
- Consistent reporting of 0% officer compensation across all filings
- Long operational history with 13 IRS 990 filings
- Stable revenue generation over the past decade, generally above $1.7 million annually
Frequently Asked Questions about Team Academy
Is Team Academy a legitimate charity?
Team Academy (EIN: 201056964) is a registered tax-exempt nonprofit based in Minnesota. Our AI analysis gives it a Mission Score of 70/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.9M. 2 red flags identified. 3 strengths noted. Financial health grade: C.
How does Team Academy spend its money?
Team Academy directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Team Academy tax-deductible?
Team Academy is registered as a tax-exempt nonprofit (EIN: 201056964). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Team Academy's spending goes to programs?
Team Academy directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Team Academy compare to similar nonprofits?
With a transparency score of 70/100 (Good), Team Academy is above average for NTEE category B29 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Team Academy located?
Team Academy is headquartered in Waseca, Minnesota and files with the IRS under EIN 201056964. It is classified under NTEE code B29.
How many years of IRS 990 filings does Team Academy have?
Team Academy 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 $1.9M in total revenue.
Is Team Academy financially sustainable given its recurring deficits?
Team Academy has frequently reported expenses exceeding revenue, such as in 202306 where expenses were $2,282,505 against revenues of $1,802,156. This trend raises concerns about long-term financial sustainability, despite its long operational history.
How does Team Academy manage its high liabilities relative to assets?
In most periods, Team Academy's liabilities significantly exceed its assets (e.g., 202306 assets $1,582,819 vs. liabilities $2,322,063). The filings do not detail the nature of these liabilities or the strategies employed to manage them, which warrants further investigation.
What is the impact of 0% officer compensation on the organization's operations?
The consistent reporting of 0% officer compensation suggests that executive leadership may be voluntary or compensated through other means not reported as officer compensation. This practice can free up funds for program delivery but also raises questions about leadership structure and potential reliance on unpaid labor.
Filing History
IRS 990 filing history for Team Academy showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Team Academy's revenue has grown by 22.8%, moving from $1.5M to $1.8M. Total assets increased by 202.7% over the same period, from $523K to $1.6M. Total functional expenses rose by 67.6%, from $1.4M to $2.3M. In its most recent filing year (2023), Team Academy reported a deficit of $480K, with expenses exceeding revenue. The organization holds $2.3M in liabilities against $1.6M in assets (debt-to-asset ratio: 146.7%), resulting in net assets of $-739,244.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.8M | $2.3M | $1.6M | $2.3M | — | View 990 |
| 2022 | $2.4M | $2.1M | $1.9M | $2.7M | — | View 990 |
| 2021 | $1.8M | $1.9M | $1.4M | $2.5M | — | View 990 |
| 2020 | $1.8M | $2.0M | $1.5M | $2.4M | — | View 990 |
| 2019 | $1.8M | $1.5M | $1.9M | $2.7M | — | View 990 |
| 2018 | $1.8M | $2.2M | $2.4M | $3.4M | — | View 990 |
| 2017 | $1.8M | $2.2M | $2.7M | $3.4M | — | View 990 |
| 2016 | $1.7M | $1.7M | $966K | $1.2M | — | View 990 |
| 2015 | $1.7M | $2.6M | $905K | $1.2M | — | View 990 |
| 2014 | $1.5M | $1.4M | $790K | $131K | — | View 990 |
| 2013 | $1.7M | $1.5M | $768K | $141K | — | View 990 |
| 2012 | $1.5M | $1.5M | $574K | $213K | — | View 990 |
| 2011 | $1.5M | $1.4M | $523K | $190K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.8M, expenses of $2.3M, and assets of $1.6M (revenue -24.7% year-over-year).
- 2022: Revenue of $2.4M, expenses of $2.1M, and assets of $1.9M (revenue +29.8% year-over-year).
- 2021: Revenue of $1.8M, expenses of $1.9M, and assets of $1.4M (revenue +4.1% year-over-year).
- 2020: Revenue of $1.8M, expenses of $2.0M, and assets of $1.5M (revenue +-0.0% year-over-year).
- 2019: Revenue of $1.8M, expenses of $1.5M, and assets of $1.9M (revenue -2.3% year-over-year).
- 2018: Revenue of $1.8M, expenses of $2.2M, and assets of $2.4M (revenue +3.0% year-over-year).
- 2017: Revenue of $1.8M, expenses of $2.2M, and assets of $2.7M (revenue +1.5% year-over-year).
- 2016: Revenue of $1.7M, expenses of $1.7M, and assets of $966K (revenue +0.3% year-over-year).
- 2015: Revenue of $1.7M, expenses of $2.6M, and assets of $905K (revenue +16.8% year-over-year).
- 2014: Revenue of $1.5M, expenses of $1.4M, and assets of $790K (revenue -14.2% year-over-year).
- 2013: Revenue of $1.7M, expenses of $1.5M, and assets of $768K (revenue +14.6% year-over-year).
- 2012: Revenue of $1.5M, expenses of $1.5M, and assets of $574K (revenue +2.7% year-over-year).
- 2011: Revenue of $1.5M, expenses of $1.4M, and assets of $523K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Team Academy:
Data Sources and Methodology
This transparency report for Team Academy 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.