Voyageurs Expeditionary School
Voyageurs Expeditionary School consistently operates with negative net assets despite stable revenues.
EIN: 20669356 · Bemidji, MN · NTEE: B29 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.7M |
| Total Expenses | $1.8M |
| Program Spending | 80% |
| Net Assets | $-177,099 |
| Transparency Score | 65/100 |
Is Voyageurs Expeditionary School Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Voyageurs Expeditionary School directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Voyageurs Expeditionary School
Voyageurs Expeditionary School (EIN: 20669356) is a nonprofit organization based in Bemidji, MN, classified under NTEE code B29. The organization reported total revenue of $2.7M and total assets of $2.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Voyageurs Expeditionary School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Voyageurs Expeditionary School is a mid-size nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.9M |
| Total Expenses | $1.8M |
| Surplus / Deficit | +$56K |
| Total Assets | $2.4M |
| Total Liabilities | $2.5M |
| Net Assets | $-177,099 |
| Operating Margin | 3.0% |
| Debt-to-Asset Ratio | 107.5% |
| Months of Reserves | 15.5 months |
Financial Health Grade: A
In 2023, Voyageurs Expeditionary School reported a surplus of $56K with revenue exceeding expenses, holds 15.5 months of operating reserves (strong position), has a debt-to-asset ratio of 107.5% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Voyageurs Expeditionary School's revenue has grown at a compound annual growth rate (CAGR) of 5.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -5.1% | +3.0% | +33.2% |
| 2022 | +12.1% | +1.9% | +9.1% |
| 2021 | -0.4% | -7.0% | -11.8% |
| 2020 | +1.2% | +31.4% | -16.7% |
| 2019 | -2.2% | -32.7% | -8.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
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 Voyageurs Expeditionary School with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Voyageurs Expeditionary School allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $56K, with revenue exceeding expenses.
- Debt-to-asset ratio: 107.5%.
Executive Compensation Analysis
No officer compensation has been reported across all available filings, suggesting either a volunteer leadership model or that executive compensation is categorized differently within the expense structure, which could impact transparency regarding leadership pay.
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 Voyageurs Expeditionary School's IRS 990 filings:
- Consistent negative net assets (liabilities exceeding assets) across multiple years, e.g., $2,534,418 liabilities vs. $2,357,319 assets in 2023.
- Lack of reported officer compensation, which could obscure leadership remuneration if it exists under other expense categories.
Strengths
The following positive indicators were identified for Voyageurs Expeditionary School:
- Consistent operational revenue generation, with revenues generally covering expenses (e.g., $1,884,412 revenue vs. $1,827,943 expenses in 2023).
- Long history of IRS 990 filings (13 filings), indicating consistent compliance and transparency in reporting.
- Stable asset base over time, suggesting consistent investment in infrastructure or program resources.
Frequently Asked Questions about Voyageurs Expeditionary School
Is Voyageurs Expeditionary School a legitimate charity?
Voyageurs Expeditionary School (EIN: 20669356) is a registered tax-exempt nonprofit based in Minnesota. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.7M. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Voyageurs Expeditionary School spend its money?
Voyageurs Expeditionary School directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Voyageurs Expeditionary School tax-deductible?
Voyageurs Expeditionary School is registered as a tax-exempt nonprofit (EIN: 20669356). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Voyageurs Expeditionary School's spending goes to programs?
Voyageurs Expeditionary School directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Voyageurs Expeditionary School compare to similar nonprofits?
With a transparency score of 65/100 (Good), Voyageurs Expeditionary School is above average for NTEE category B29 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Voyageurs Expeditionary School located?
Voyageurs Expeditionary School is headquartered in Bemidji, Minnesota and files with the IRS under EIN 20669356. It is classified under NTEE code B29.
How many years of IRS 990 filings does Voyageurs Expeditionary School have?
Voyageurs Expeditionary School 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 $2.7M in total revenue.
Is Voyageurs Expeditionary School financially stable given its negative net assets?
The school has consistently reported liabilities exceeding assets, indicating negative net assets. For example, in 2023, liabilities were $2,534,418 while assets were $2,357,319. This structure suggests potential long-term financial vulnerability, though operational revenues have generally covered expenses.
What is the nature of the school's liabilities?
Without a detailed balance sheet from the 990, the specific nature of the liabilities (e.g., mortgages, bonds, program-related debt) is unclear. However, their consistent presence and magnitude relative to assets are a key financial characteristic.
How does the school manage to operate with consistent negative net assets?
The school's ability to operate with negative net assets likely relies on consistent revenue streams covering operational expenses, possibly with liabilities being long-term or restricted funds that don't contribute to unrestricted net assets. This is common for organizations with significant capital assets financed by debt.
Filing History
IRS 990 filing history for Voyageurs Expeditionary School showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Voyageurs Expeditionary School's revenue has grown by 91.8%, moving from $983K to $1.9M. Total assets increased by 662.5% over the same period, from $309K to $2.4M. Total functional expenses rose by 110.9%, from $867K to $1.8M. In its most recent filing year (2023), Voyageurs Expeditionary School reported a surplus of $56K, with revenue exceeding expenses. The organization holds $2.5M in liabilities against $2.4M in assets (debt-to-asset ratio: 107.5%), resulting in net assets of $-177,099.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.9M | $1.8M | $2.4M | $2.5M | — | View 990 |
| 2022 | $2.0M | $1.8M | $1.8M | $2.0M | — | View 990 |
| 2021 | $1.8M | $1.7M | $1.6M | $2.1M | — | View 990 |
| 2020 | $1.8M | $1.9M | $1.8M | $2.3M | — | View 990 |
| 2019 | $1.8M | $1.4M | $2.2M | $2.6M | — | View 990 |
| 2018 | $1.8M | $2.1M | $2.4M | $3.1M | — | View 990 |
| 2017 | $1.8M | $2.0M | $2.5M | $2.8M | — | View 990 |
| 2016 | $1.6M | $1.5M | $811K | $864K | — | View 990 |
| 2015 | $1.4M | $1.4M | $628K | $770K | — | View 990 |
| 2014 | $1.2M | $1.2M | $421K | $69K | — | View 990 |
| 2013 | $1.1M | $1.0M | $396K | $46K | — | View 990 |
| 2012 | $1.0M | $980K | $414K | $92K | — | View 990 |
| 2011 | $983K | $867K | $309K | $33K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.9M, expenses of $1.8M, and assets of $2.4M (revenue -5.1% year-over-year).
- 2022: Revenue of $2.0M, expenses of $1.8M, and assets of $1.8M (revenue +12.1% year-over-year).
- 2021: Revenue of $1.8M, expenses of $1.7M, and assets of $1.6M (revenue -0.4% year-over-year).
- 2020: Revenue of $1.8M, expenses of $1.9M, and assets of $1.8M (revenue +1.2% year-over-year).
- 2019: Revenue of $1.8M, expenses of $1.4M, and assets of $2.2M (revenue -2.2% year-over-year).
- 2018: Revenue of $1.8M, expenses of $2.1M, and assets of $2.4M (revenue +2.7% year-over-year).
- 2017: Revenue of $1.8M, expenses of $2.0M, and assets of $2.5M (revenue +7.3% year-over-year).
- 2016: Revenue of $1.6M, expenses of $1.5M, and assets of $811K (revenue +14.3% year-over-year).
- 2015: Revenue of $1.4M, expenses of $1.4M, and assets of $628K (revenue +19.0% year-over-year).
- 2014: Revenue of $1.2M, expenses of $1.2M, and assets of $421K (revenue +12.0% year-over-year).
- 2013: Revenue of $1.1M, expenses of $1.0M, and assets of $396K (revenue +4.4% year-over-year).
- 2012: Revenue of $1.0M, expenses of $980K, and assets of $414K (revenue +4.5% year-over-year).
- 2011: Revenue of $983K, expenses of $867K, and assets of $309K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Voyageurs Expeditionary School:
Data Sources and Methodology
This transparency report for Voyageurs Expeditionary School 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.