Twin State American Saddlebred Association
Twin State American Saddlebred Association shows consistent growth and strong financial health with zero liabilities and no officer compensation.
EIN: 20405058 · Halifax, MA · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $330K |
| Total Expenses | $311K |
| Program Spending | 90% |
| Net Assets | $211K |
| Transparency Score | 95/100 |
Is Twin State American Saddlebred Association Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Twin State American Saddlebred Association directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Twin State American Saddlebred Association
Twin State American Saddlebred Association (EIN: 20405058) is a nonprofit organization based in Halifax, MA. The organization reported total revenue of $330K and total assets of $226K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Twin State American Saddlebred Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Twin State American Saddlebred Association is a small nonprofit that has been operating for 37 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $345K |
| Total Expenses | $311K |
| Surplus / Deficit | +$34K |
| Total Assets | $211K |
| Net Assets | $211K |
| Operating Margin | 9.8% |
| Months of Reserves | 8.1 months |
Financial Health Grade: A
In 2023, Twin State American Saddlebred Association reported a surplus of $34K with revenue exceeding expenses, holds 8.1 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Twin State American Saddlebred Association's revenue has grown at a compound annual growth rate (CAGR) of 6.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +18.8% | +13.5% | +23.2% |
| 2022 | +14.5% | +17.2% | +7.1% |
| 2021 | +88.9% | +51.1% | +14.0% |
| 2020 | -47.2% | -39.2% | -12.8% |
| 2019 | +4.3% | +4.0% | -0.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1989 |
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 Twin State American Saddlebred Association 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: 90%
- fundraising: 0%
According to IRS 990 filings, Twin State American Saddlebred Association allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. 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 surplus of $34K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that its leadership is entirely volunteer-based, which is highly commendable for maximizing funds directed to its mission.
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 Twin State American Saddlebred Association:
- Consistent revenue growth, from $196,241 in 2014 to $344,574 in 2023.
- Strong asset growth, increasing from $89,709 in 2014 to $210,898 in 2023.
- Zero liabilities reported across all filings, indicating excellent financial stability and no debt.
- 0% officer compensation, demonstrating a volunteer-driven model and efficient use of funds.
- Consistent operating surpluses in most years, showing effective expense management.
Frequently Asked Questions about Twin State American Saddlebred Association
Is Twin State American Saddlebred Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Twin State American Saddlebred Association (EIN: 20405058) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Twin State American Saddlebred Association spend its money?
Twin State American Saddlebred Association directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Twin State American Saddlebred Association tax-deductible?
Twin State American Saddlebred Association is registered as a tax-exempt nonprofit (EIN: 20405058). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Twin State American Saddlebred Association located?
Twin State American Saddlebred Association is headquartered in Halifax, Massachusetts and files with the IRS under EIN 20405058.
How many years of IRS 990 filings does Twin State American Saddlebred Association have?
Twin State American Saddlebred Association 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 $330K in total revenue.
Is Twin State American Saddlebred Association a good charity?
Based on its financial data, Twin State American Saddlebred Association appears to be a very good charity. It consistently operates with surpluses, has growing assets, zero liabilities, and reports no officer compensation, indicating efficient use of funds and strong financial health.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved over the past decade. Revenue has grown from $196,241 in 2014 to $344,574 in 2023, and assets have more than doubled from $89,709 to $210,898, all while maintaining zero liabilities.
What is the organization's approach to executive compensation?
Twin State American Saddlebred Association reports 0% officer compensation in all available filings, indicating that its executive functions are performed by volunteers, which is a highly efficient and transparent model.
Filing History
IRS 990 filing history for Twin State American Saddlebred Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Twin State American Saddlebred Association's revenue has grown by 109%, moving from $165K to $345K. Total assets increased by 495.5% over the same period, from $35K to $211K. Total functional expenses rose by 79.4%, from $173K to $311K. In its most recent filing year (2023), Twin State American Saddlebred Association reported a surplus of $34K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $345K | $311K | $211K | $0 | — | — |
| 2022 | $290K | $274K | $171K | $0 | — | View 990 |
| 2021 | $253K | $234K | $160K | $0 | — | View 990 |
| 2020 | $134K | $155K | $140K | $0 | — | View 990 |
| 2019 | $254K | $254K | $161K | $0 | — | — |
| 2018 | $243K | $245K | $161K | $0 | — | View 990 |
| 2017 | $252K | $234K | $163K | $0 | — | — |
| 2016 | $277K | $236K | $145K | $0 | — | View 990 |
| 2015 | $207K | $192K | $104K | $0 | — | View 990 |
| 2014 | $196K | $169K | $90K | $0 | — | View 990 |
| 2013 | $173K | $171K | $62K | $0 | — | View 990 |
| 2012 | $195K | $170K | $60K | $0 | — | View 990 |
| 2011 | $165K | $173K | $35K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $345K, expenses of $311K, and assets of $211K (revenue +18.8% year-over-year).
- 2022: Revenue of $290K, expenses of $274K, and assets of $171K (revenue +14.5% year-over-year).
- 2021: Revenue of $253K, expenses of $234K, and assets of $160K (revenue +88.9% year-over-year).
- 2020: Revenue of $134K, expenses of $155K, and assets of $140K (revenue -47.2% year-over-year).
- 2019: Revenue of $254K, expenses of $254K, and assets of $161K (revenue +4.3% year-over-year).
- 2018: Revenue of $243K, expenses of $245K, and assets of $161K (revenue -3.4% year-over-year).
- 2017: Revenue of $252K, expenses of $234K, and assets of $163K (revenue -9.1% year-over-year).
- 2016: Revenue of $277K, expenses of $236K, and assets of $145K (revenue +34.0% year-over-year).
- 2015: Revenue of $207K, expenses of $192K, and assets of $104K (revenue +5.3% year-over-year).
- 2014: Revenue of $196K, expenses of $169K, and assets of $90K (revenue +13.6% year-over-year).
- 2013: Revenue of $173K, expenses of $171K, and assets of $62K (revenue -11.3% year-over-year).
- 2012: Revenue of $195K, expenses of $170K, and assets of $60K (revenue +18.2% year-over-year).
- 2011: Revenue of $165K, expenses of $173K, and assets of $35K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Twin State American Saddlebred Association:
Data Sources and Methodology
This transparency report for Twin State American Saddlebred Association 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.