Thunder Rode Inc
Thunder Rode Inc. consistently directs over 80% of spending to programs, with no officer compensation, but has experienced recent deficit spending.
EIN: 204168110 · Decorah, IA · NTEE: E50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $14K |
| Total Expenses | $13K |
| Program Spending | 85% |
| Net Assets | $45K |
| Transparency Score | 88/100 |
Is Thunder Rode Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Thunder Rode Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Thunder Rode Inc
Thunder Rode Inc (EIN: 204168110) is a nonprofit organization based in Decorah, IA, classified under NTEE code E50. The organization reported total revenue of $14K and total assets of $54K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Thunder Rode Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Thunder Rode Inc is a micro 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 -5.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $9K |
| Total Expenses | $13K |
| Surplus / Deficit | $-4,217 |
| Total Assets | $45K |
| Net Assets | $45K |
| Operating Margin | -46.6% |
| Months of Reserves | 40.8 months |
Financial Health Grade: B
In 2023, Thunder Rode Inc reported a deficit of $4K with expenses exceeding revenue, holds 40.8 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Thunder Rode Inc's revenue has declined at a compound annual growth rate (CAGR) of -5.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -19.1% | +1.9% | -2.5% |
| 2022 | -27.4% | -14.1% | -8.6% |
| 2021 | -19.9% | -10.3% | +7.7% |
| 2020 | -36.7% | -22.1% | +5.3% |
| 2019 | +35.9% | +3.4% | +24.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| 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 Thunder Rode Inc with a Mission Score of 88 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, Thunder Rode 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 deficit of $4K, with expenses exceeding revenue.
Executive Compensation Analysis
Thunder Rode Inc. reports 0% officer compensation across all available filings, indicating a volunteer-led executive structure, which is highly commendable for a small organization of its size.
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 Thunder Rode Inc's IRS 990 filings:
- Recent trend of expenses exceeding revenue (e.g., 2023 expenses $13,274 vs. revenue $9,057)
- Declining revenue trend over the last few years
Strengths
The following positive indicators were identified for Thunder Rode Inc:
- High percentage of program spending (85% in 2023)
- No officer compensation reported across all filings
- Consistent growth in assets over the long term (from $26,701 in 2014 to $54,340 currently)
- Zero reported liabilities in recent filings
- Strong transparency with 13 IRS 990 filings
Frequently Asked Questions about Thunder Rode Inc
Is Thunder Rode Inc a legitimate charity?
Thunder Rode Inc (EIN: 204168110) is a registered tax-exempt nonprofit based in Iowa. Our AI analysis gives it a Mission Score of 88/100. It has 13 years of IRS 990 filings on record. Total revenue: $14K. 2 red flags identified. 5 strengths noted. Financial health grade: B.
How does Thunder Rode Inc spend its money?
Thunder Rode Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Thunder Rode Inc tax-deductible?
Thunder Rode Inc is registered as a tax-exempt nonprofit (EIN: 204168110). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Thunder Rode Inc's spending goes to programs?
Thunder Rode Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Thunder Rode Inc compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), Thunder Rode Inc is above average for NTEE category E50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Thunder Rode Inc located?
Thunder Rode Inc is headquartered in Decorah, Iowa and files with the IRS under EIN 204168110. It is classified under NTEE code E50.
How many years of IRS 990 filings does Thunder Rode Inc have?
Thunder Rode 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 $14K in total revenue.
Is Thunder Rode Inc. a good charity?
Based on its financial data, Thunder Rode Inc. appears to be a good charity. It consistently dedicates a high percentage of its expenses to program services (85% in 2023) and reports no officer compensation, indicating efficient use of funds and a volunteer-driven model. Its transparency is also strong with regular IRS filings.
How has Thunder Rode Inc.'s revenue trended over the past few years?
Thunder Rode Inc.'s revenue has shown a declining trend in recent years, from $30,426 in 2019 to $9,057 in 2023, with the latest reported revenue being $13,796.
Does Thunder Rode Inc. have a strong financial reserve?
While Thunder Rode Inc. has grown its assets from $26,701 in 2014 to $54,340 currently, its recent deficit spending (e.g., $13,274 expenses vs. $9,057 revenue in 2023) suggests that while it has assets, maintaining a strong operating reserve relative to its annual expenses might be an area for focus.
Filing History
IRS 990 filing history for Thunder Rode Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Thunder Rode Inc's revenue has declined by 48.6%, moving from $18K to $9K. Total assets increased by 186.9% over the same period, from $16K to $45K. Total functional expenses fell by 15%, from $16K to $13K. In its most recent filing year (2023), Thunder Rode Inc reported a deficit of $4K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $9K | $13K | $45K | $0 | — | View 990 |
| 2022 | $11K | $13K | $46K | $0 | — | View 990 |
| 2021 | $15K | $15K | $51K | $0 | — | — |
| 2020 | $19K | $17K | $47K | $0 | — | — |
| 2019 | $30K | $22K | $45K | $0 | — | View 990 |
| 2018 | $22K | $21K | $36K | $0 | — | View 990 |
| 2017 | $23K | $29K | $35K | $0 | — | View 990 |
| 2016 | $29K | $28K | $34K | $0 | — | View 990 |
| 2015 | $25K | $22K | $29K | $0 | — | View 990 |
| 2014 | $24K | $24K | $27K | $0 | — | View 990 |
| 2013 | $22K | $23K | $19K | $0 | — | View 990 |
| 2012 | $21K | $18K | $19K | $0 | — | View 990 |
| 2011 | $18K | $16K | $16K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $9K, expenses of $13K, and assets of $45K (revenue -19.1% year-over-year).
- 2022: Revenue of $11K, expenses of $13K, and assets of $46K (revenue -27.4% year-over-year).
- 2021: Revenue of $15K, expenses of $15K, and assets of $51K (revenue -19.9% year-over-year).
- 2020: Revenue of $19K, expenses of $17K, and assets of $47K (revenue -36.7% year-over-year).
- 2019: Revenue of $30K, expenses of $22K, and assets of $45K (revenue +35.9% year-over-year).
- 2018: Revenue of $22K, expenses of $21K, and assets of $36K (revenue -2.4% year-over-year).
- 2017: Revenue of $23K, expenses of $29K, and assets of $35K (revenue -21.0% year-over-year).
- 2016: Revenue of $29K, expenses of $28K, and assets of $34K (revenue +18.3% year-over-year).
- 2015: Revenue of $25K, expenses of $22K, and assets of $29K (revenue +1.2% year-over-year).
- 2014: Revenue of $24K, expenses of $24K, and assets of $27K (revenue +10.0% year-over-year).
- 2013: Revenue of $22K, expenses of $23K, and assets of $19K (revenue +2.8% year-over-year).
- 2012: Revenue of $21K, expenses of $18K, and assets of $19K (revenue +21.7% year-over-year).
- 2011: Revenue of $18K, expenses of $16K, and assets of $16K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Thunder Rode Inc:
Data Sources and Methodology
This transparency report for Thunder Rode 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.