Teamwork Associates Inc
Teamwork Associates Inc shows consistent revenue growth and strong program spending with no reported officer compensation.
EIN: 134250973 · Madison, WI · NTEE: F60 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.5M |
| Total Expenses | $1.4M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $1,522,963. |
| Net Assets | $450K |
| Transparency Score | 92/100 |
Is Teamwork Associates Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Teamwork Associates Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Teamwork Associates Inc
Teamwork Associates Inc (EIN: 134250973) is a nonprofit organization based in Madison, WI, classified under NTEE code F60. The organization reported total revenue of $1.5M and total assets of $554K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Teamwork Associates Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Teamwork Associates Inc is a mid-size nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.5M |
| Total Expenses | $1.4M |
| Surplus / Deficit | +$108K |
| Total Assets | $463K |
| Total Liabilities | $14K |
| Net Assets | $450K |
| Operating Margin | 7.3% |
| Debt-to-Asset Ratio | 3.0% |
| Months of Reserves | 4.1 months |
Financial Health Grade: A
In 2023, Teamwork Associates Inc reported a surplus of $108K with revenue exceeding expenses, holds 4.1 months of operating reserves (adequate), has a debt-to-asset ratio of 3.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Teamwork Associates Inc's revenue has grown at a compound annual growth rate (CAGR) of 10.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.0% | +3.3% | +33.2% |
| 2022 | +9.1% | -3.1% | +47.1% |
| 2021 | +34.6% | +48.7% | -17.5% |
| 2020 | +6.8% | +8.1% | +27.2% |
| 2019 | +35.5% | +28.0% | +35.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Teamwork Associates Inc 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, Teamwork Associates Inc 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 surplus of $108K, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.0%.
Executive Compensation Analysis
Officer compensation is consistently reported as 0% across all available filings, indicating either a volunteer executive leadership or compensation levels below IRS reporting thresholds, which is highly favorable for a nonprofit of its size with latest revenue of $1,522,963.
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 Teamwork Associates Inc:
- Consistent revenue growth (from $915,601 in 2019 to $1,478,185 in 2023).
- High program spending ratio (estimated 85% in 2023).
- No reported officer compensation across all filings.
- Healthy asset growth and low liabilities ($463,247 assets vs. $13,732 liabilities in 2023).
- Positive net income in most recent years (e.g., $1,478,185 revenue vs. $1,369,725 expenses in 2023).
Frequently Asked Questions about Teamwork Associates Inc
Is Teamwork Associates Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Teamwork Associates Inc (EIN: 134250973) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Teamwork Associates Inc spend its money?
Teamwork Associates Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Teamwork Associates Inc tax-deductible?
Teamwork Associates Inc is registered as a tax-exempt nonprofit (EIN: 134250973). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Teamwork Associates Inc CEO make?
Teamwork Associates Inc's highest-compensated officer earns $1,522,963. annually. The organization reported $1.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Teamwork Associates Inc's spending goes to programs?
Teamwork Associates Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Teamwork Associates Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Teamwork Associates Inc is above average for NTEE category F60 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Teamwork Associates Inc located?
Teamwork Associates Inc is headquartered in Madison, Wisconsin and files with the IRS under EIN 134250973. It is classified under NTEE code F60.
How many years of IRS 990 filings does Teamwork Associates Inc have?
Teamwork Associates Inc 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 $1.5M in total revenue.
Is Teamwork Associates Inc financially stable?
Yes, Teamwork Associates Inc appears financially stable. Its revenue has consistently grown, from $915,601 in 2019 to $1,478,185 in 2023, and assets have increased from $225,150 to $463,247 over the same period, while liabilities remain very low (e.g., $13,732 in 2023).
How much of its budget goes to programs?
Based on the 2023 filing, approximately 85% of its expenses are allocated to program services, indicating a strong focus on its mission.
Does Teamwork Associates Inc have high executive compensation?
No, the organization consistently reports 0% officer compensation in its IRS 990 filings, suggesting very low or no executive salaries reported at the officer level.
Has the organization's revenue been growing?
Yes, the organization has shown consistent revenue growth, increasing from $915,601 in 2019 to $1,478,185 in 2023.
Filing History
IRS 990 filing history for Teamwork Associates Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Teamwork Associates Inc's revenue has grown by 225.4%, moving from $454K to $1.5M. Total assets increased by 411.6% over the same period, from $91K to $463K. Total functional expenses rose by 213.9%, from $436K to $1.4M. In its most recent filing year (2023), Teamwork Associates Inc reported a surplus of $108K, with revenue exceeding expenses. The organization holds $14K in liabilities against $463K in assets (debt-to-asset ratio: 3.0%), resulting in net assets of $450K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.5M | $1.4M | $463K | $14K | — | View 990 |
| 2022 | $1.4M | $1.3M | $348K | $7K | — | View 990 |
| 2021 | $1.3M | $1.4M | $236K | $6K | — | View 990 |
| 2020 | $978K | $920K | $286K | $5K | — | — |
| 2019 | $916K | $851K | $225K | $2K | — | View 990 |
| 2018 | $676K | $665K | $166K | $8K | — | View 990 |
| 2017 | $741K | $725K | $152K | $4K | — | View 990 |
| 2016 | $655K | $645K | $198K | $67K | — | View 990 |
| 2015 | $667K | $665K | $190K | $69K | — | View 990 |
| 2014 | $680K | $645K | $195K | $61K | — | View 990 |
| 2013 | $597K | $576K | $148K | $49K | — | View 990 |
| 2012 | $455K | $441K | $114K | $36K | — | View 990 |
| 2011 | $454K | $436K | $91K | $27K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.5M, expenses of $1.4M, and assets of $463K (revenue +3.0% year-over-year).
- 2022: Revenue of $1.4M, expenses of $1.3M, and assets of $348K (revenue +9.1% year-over-year).
- 2021: Revenue of $1.3M, expenses of $1.4M, and assets of $236K (revenue +34.6% year-over-year).
- 2020: Revenue of $978K, expenses of $920K, and assets of $286K (revenue +6.8% year-over-year).
- 2019: Revenue of $916K, expenses of $851K, and assets of $225K (revenue +35.5% year-over-year).
- 2018: Revenue of $676K, expenses of $665K, and assets of $166K (revenue -8.8% year-over-year).
- 2017: Revenue of $741K, expenses of $725K, and assets of $152K (revenue +13.1% year-over-year).
- 2016: Revenue of $655K, expenses of $645K, and assets of $198K (revenue -1.7% year-over-year).
- 2015: Revenue of $667K, expenses of $665K, and assets of $190K (revenue -2.0% year-over-year).
- 2014: Revenue of $680K, expenses of $645K, and assets of $195K (revenue +13.9% year-over-year).
- 2013: Revenue of $597K, expenses of $576K, and assets of $148K (revenue +31.3% year-over-year).
- 2012: Revenue of $455K, expenses of $441K, and assets of $114K (revenue +0.1% year-over-year).
- 2011: Revenue of $454K, expenses of $436K, and assets of $91K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Teamwork Associates Inc:
Data Sources and Methodology
This transparency report for Teamwork Associates 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.