Triangle Volleyball Club Inc
Triangle Volleyball Club Inc shows consistent revenue growth and asset accumulation with no reported officer compensation.
EIN: 20647356 · Morrisville, NC · NTEE: N60 · Updated: 2026-03-28
Is Triangle Volleyball Club Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Triangle Volleyball Club Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Triangle Volleyball Club Inc
Triangle Volleyball Club Inc (EIN: 20647356) is a nonprofit organization based in Morrisville, NC, classified under NTEE code N60. The organization reported total revenue of $3.1M and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Triangle Volleyball Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Triangle Volleyball Club 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 10.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.6M |
| Total Expenses | $2.8M |
| Surplus / Deficit | $-142,192 |
| Total Assets | $1.2M |
| Total Liabilities | $310K |
| Net Assets | $879K |
| Operating Margin | -5.4% |
| Debt-to-Asset Ratio | 26.1% |
| Months of Reserves | 5.1 months |
Financial Health Grade: B
In 2023, Triangle Volleyball Club Inc reported a deficit of $142K with expenses exceeding revenue, holds 5.1 months of operating reserves (adequate), has a debt-to-asset ratio of 26.1% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Triangle Volleyball Club Inc's revenue has grown at a compound annual growth rate (CAGR) of 10.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.8% | +11.5% | -9.6% |
| 2022 | +38.1% | +38.5% | +5.7% |
| 2021 | -7.9% | -1.9% | +2.9% |
| 2020 | +-0.0% | +3.6% | +29.7% |
| 2019 | +15.0% | +17.2% | +24.2% |
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 Triangle Volleyball Club Inc with a Mission Score of 85 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Triangle Volleyball Club Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 $142K, with expenses exceeding revenue.
- Debt-to-asset ratio: 26.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting that executive leadership may be volunteer-based or compensated through other means not categorized as officer compensation, which could contribute to higher program spending efficiency.
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 Triangle Volleyball Club Inc's IRS 990 filings:
- No detailed functional expense breakdown provided in summary data to precisely verify program spending ratio.
Strengths
The following positive indicators were identified for Triangle Volleyball Club Inc:
- Consistent revenue growth over the past decade, from $1,362,060 in 2014 to $2,643,534 in 2023.
- Steady increase in assets, from $363,507 in 2014 to $1,189,739 in 2023, indicating strong asset management.
- Zero reported officer compensation across all filings, suggesting high efficiency in directing funds to mission.
- Generally positive net income in most years, demonstrating sound financial operations.
Frequently Asked Questions about Triangle Volleyball Club Inc
Is Triangle Volleyball Club Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Triangle Volleyball Club Inc (EIN: 20647356) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Triangle Volleyball Club Inc spend its money?
Triangle Volleyball Club Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Triangle Volleyball Club Inc tax-deductible?
Triangle Volleyball Club Inc is registered as a tax-exempt nonprofit (EIN: 20647356). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Triangle Volleyball Club Inc financially stable?
Yes, the organization appears financially stable, with consistent revenue growth from $1,362,060 in 2014 to $2,643,534 in 2023, and a steady increase in assets from $363,507 to $1,189,739 over the same period.
How does Triangle Volleyball Club Inc manage executive compensation?
Triangle Volleyball Club Inc consistently reports 0% officer compensation in all available IRS 990 filings, indicating that executive leadership is either volunteer-based or compensated through non-officer categories.
Has the organization's financial health improved over time?
Yes, the organization has shown significant growth in both revenue and assets over the past decade, with revenue more than doubling and assets more than tripling since 2014, indicating improved financial health.
Filing History
IRS 990 filing history for Triangle Volleyball Club Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Triangle Volleyball Club Inc's revenue has grown by 229.7%, moving from $802K to $2.6M. Total assets increased by 485% over the same period, from $203K to $1.2M. Total functional expenses rose by 258.9%, from $776K to $2.8M. In its most recent filing year (2023), Triangle Volleyball Club Inc reported a deficit of $142K, with expenses exceeding revenue. The organization holds $310K in liabilities against $1.2M in assets (debt-to-asset ratio: 26.1%), resulting in net assets of $879K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.6M | $2.8M | $1.2M | $310K | — | — |
| 2022 | $2.5M | $2.5M | $1.3M | $295K | — | — |
| 2021 | $1.8M | $1.8M | $1.2M | $225K | — | — |
| 2020 | $2.0M | $1.8M | $1.2M | $197K | — | View 990 |
| 2019 | $2.0M | $1.8M | $934K | $47K | — | View 990 |
| 2018 | $1.7M | $1.5M | $752K | $58K | — | View 990 |
| 2017 | $1.7M | $1.5M | $537K | $41K | — | View 990 |
| 2016 | $1.4M | $1.5M | $436K | $129K | — | View 990 |
| 2015 | $1.4M | $1.3M | $543K | $166K | — | View 990 |
| 2014 | $1.4M | $1.2M | $364K | $57K | — | View 990 |
| 2013 | $941K | $897K | $288K | $128K | — | View 990 |
| 2012 | $858K | $873K | $192K | $76K | — | View 990 |
| 2011 | $802K | $776K | $203K | $72K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.6M, expenses of $2.8M, and assets of $1.2M (revenue +5.8% year-over-year).
- 2022: Revenue of $2.5M, expenses of $2.5M, and assets of $1.3M (revenue +38.1% year-over-year).
- 2021: Revenue of $1.8M, expenses of $1.8M, and assets of $1.2M (revenue -7.9% year-over-year).
- 2020: Revenue of $2.0M, expenses of $1.8M, and assets of $1.2M (revenue +-0.0% year-over-year).
- 2019: Revenue of $2.0M, expenses of $1.8M, and assets of $934K (revenue +15.0% year-over-year).
- 2018: Revenue of $1.7M, expenses of $1.5M, and assets of $752K (revenue +0.2% year-over-year).
- 2017: Revenue of $1.7M, expenses of $1.5M, and assets of $537K (revenue +19.0% year-over-year).
- 2016: Revenue of $1.4M, expenses of $1.5M, and assets of $436K (revenue +2.1% year-over-year).
- 2015: Revenue of $1.4M, expenses of $1.3M, and assets of $543K (revenue +3.1% year-over-year).
- 2014: Revenue of $1.4M, expenses of $1.2M, and assets of $364K (revenue +44.8% year-over-year).
- 2013: Revenue of $941K, expenses of $897K, and assets of $288K (revenue +9.6% year-over-year).
- 2012: Revenue of $858K, expenses of $873K, and assets of $192K (revenue +7.0% year-over-year).
- 2011: Revenue of $802K, expenses of $776K, and assets of $203K.
Data Sources and Methodology
This transparency report for Triangle Volleyball Club 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.