Verus Community
Verus Community maintains stable finances with consistent asset growth and no reported officer compensation.
EIN: 202749746 · Waconia, MN · NTEE: I44 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $145K |
| Total Expenses | $126K |
| Program Spending | 85% |
| Net Assets | $253K |
| Transparency Score | 88/100 |
Is Verus Community Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Verus Community directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Verus Community
Verus Community (EIN: 202749746) is a nonprofit organization based in Waconia, MN, classified under NTEE code I44. The organization reported total revenue of $145K and total assets of $479K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Verus Community's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Verus Community is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 3.7%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $145K |
| Total Expenses | $126K |
| Surplus / Deficit | +$19K |
| Total Assets | $445K |
| Total Liabilities | $191K |
| Net Assets | $253K |
| Operating Margin | 13.3% |
| Debt-to-Asset Ratio | 43.1% |
| Months of Reserves | 42.4 months |
Financial Health Grade: A
In 2024, Verus Community reported a surplus of $19K with revenue exceeding expenses, holds 42.4 months of operating reserves (strong position), has a debt-to-asset ratio of 43.1% (moderate leverage).
Financial Trends
Over 13 years of filings (2012–2024), Verus Community's revenue has grown at a compound annual growth rate (CAGR) of 3.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -36.8% | -11.6% | +5.7% |
| 2023 | +53.5% | +5.8% | +24.5% |
| 2022 | +48.5% | +37.6% | +4.1% |
| 2021 | +32.8% | +88.7% | -1.9% |
| 2020 | +3.3% | -11.7% | +5.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Verus Community 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, Verus Community 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $19K, with revenue exceeding expenses.
- Debt-to-asset ratio: 43.1%.
Executive Compensation Analysis
Verus Community consistently reports 0% officer compensation across all available filings, indicating that its leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, which is a strong positive for resource allocation.
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 Verus Community's IRS 990 filings:
- Fluctuating revenue year-over-year, requiring careful monitoring for sustainability.
Strengths
The following positive indicators were identified for Verus Community:
- Consistent asset growth over the past decade, from $298,412 in 201503 to $444,584 in 202403.
- No reported officer compensation across all filings, indicating efficient use of funds for mission.
- Expenses consistently below revenue, demonstrating sound financial management (e.g., $125,863 expenses vs. $145,234 revenue in 202403).
- Long history of IRS 990 filings, indicating transparency and compliance.
Frequently Asked Questions about Verus Community
Is Verus Community a legitimate charity?
Based on AI analysis of IRS 990 filings, Verus Community (EIN: 202749746) some concerns. Mission Score: 88/100. 1 red flag identified, 4 strengths noted.
How does Verus Community spend its money?
Verus Community directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Verus Community tax-deductible?
Verus Community is registered as a tax-exempt nonprofit (EIN: 202749746). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Verus Community's spending goes to programs?
Verus Community directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Verus Community compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), Verus Community is above average for NTEE category I44 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Verus Community located?
Verus Community is headquartered in Waconia, Minnesota and files with the IRS under EIN 202749746. It is classified under NTEE code I44.
How many years of IRS 990 filings does Verus Community have?
Verus Community 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 $145K in total revenue.
Is Verus Community a good charity?
Based on the available IRS 990 data, Verus Community appears to be a good charity. It demonstrates consistent financial stability, growing assets, and a notable commitment to directing resources towards its mission by reporting 0% officer compensation across all filings.
How has Verus Community's revenue trended over the past few years?
Verus Community's revenue has shown fluctuations, with a peak of $229,861 in 202303, followed by a decrease to $145,234 in 202403. However, it has generally been on an upward trend compared to earlier years, such as $75,954 in 202003.
What is Verus Community's asset growth like?
Verus Community has demonstrated consistent asset growth, increasing from $298,412 in 201503 to $444,584 in 202403, indicating sound financial management and accumulation of resources.
Filing History
IRS 990 filing history for Verus Community showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Verus Community's revenue has grown by 53.9%, moving from $94K to $145K. Total assets increased by 56.1% over the same period, from $285K to $445K. Total functional expenses rose by 41.1%, from $89K to $126K. In its most recent filing year (2024), Verus Community reported a surplus of $19K, with revenue exceeding expenses. The organization holds $191K in liabilities against $445K in assets (debt-to-asset ratio: 43.1%), resulting in net assets of $253K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $145K | $126K | $445K | $191K | — | — |
| 2023 | $230K | $142K | $421K | $187K | — | — |
| 2022 | $150K | $135K | $338K | $192K | — | View 990 |
| 2021 | $101K | $98K | $325K | $194K | — | — |
| 2020 | $76K | $52K | $331K | $203K | — | View 990 |
| 2019 | $73K | $59K | $315K | $211K | — | View 990 |
| 2018 | $86K | $57K | $306K | $217K | — | View 990 |
| 2017 | $70K | $57K | $284K | $224K | — | View 990 |
| 2016 | $85K | $54K | $295K | $248K | — | View 990 |
| 2015 | $83K | $74K | $298K | $282K | — | View 990 |
| 2014 | $103K | $71K | $300K | $293K | — | View 990 |
| 2013 | $88K | $88K | $284K | $308K | — | View 990 |
| 2012 | $94K | $89K | $285K | $309K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $145K, expenses of $126K, and assets of $445K (revenue -36.8% year-over-year).
- 2023: Revenue of $230K, expenses of $142K, and assets of $421K (revenue +53.5% year-over-year).
- 2022: Revenue of $150K, expenses of $135K, and assets of $338K (revenue +48.5% year-over-year).
- 2021: Revenue of $101K, expenses of $98K, and assets of $325K (revenue +32.8% year-over-year).
- 2020: Revenue of $76K, expenses of $52K, and assets of $331K (revenue +3.3% year-over-year).
- 2019: Revenue of $73K, expenses of $59K, and assets of $315K (revenue -14.5% year-over-year).
- 2018: Revenue of $86K, expenses of $57K, and assets of $306K (revenue +22.5% year-over-year).
- 2017: Revenue of $70K, expenses of $57K, and assets of $284K (revenue -17.2% year-over-year).
- 2016: Revenue of $85K, expenses of $54K, and assets of $295K (revenue +2.7% year-over-year).
- 2015: Revenue of $83K, expenses of $74K, and assets of $298K (revenue -20.0% year-over-year).
- 2014: Revenue of $103K, expenses of $71K, and assets of $300K (revenue +17.6% year-over-year).
- 2013: Revenue of $88K, expenses of $88K, and assets of $284K (revenue -6.9% year-over-year).
- 2012: Revenue of $94K, expenses of $89K, and assets of $285K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Verus Community:
Data Sources and Methodology
This transparency report for Verus Community 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.