Washington County Riverboat Foundation

Washington County Riverboat Foundation consistently directs over 90% of expenses to programs with zero officer compensation.

EIN: 201730015 · Washington, IA · NTEE: T12 · Updated: 2026-03-28

$5.1MRevenue

$4.0MAssets

95/100Mission Score (Excellent)

T12

About Washington County Riverboat Foundation

Washington County Riverboat Foundation (EIN: 201730015) is a nonprofit organization based in Washington, IA, classified under NTEE code T12. The organization reported total revenue of $5.1M and total assets of $4.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Washington County Riverboat Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Washington County Riverboat Foundation demonstrates strong financial health and a clear commitment to its programmatic mission. Over the past five years, the organization has consistently generated significant revenue, averaging over $4.3 million annually, with a notable increase to $5,172,098 in 2023. This robust revenue stream has allowed for substantial program spending, as evidenced by the high percentage of expenses allocated directly to programs. The foundation's assets have also shown remarkable growth, increasing from $1,075,040 in 2019 to $5,588,911 in 2023, indicating sound financial management and accumulation of resources. Liabilities remain very low relative to assets, further underscoring financial stability.

The organization's spending efficiency is excellent, with a significant majority of its expenditures directed towards its programs. For instance, in 2023, with total expenses of $4,049,675, the foundation allocated approximately 90% to program services, demonstrating a highly effective use of funds to achieve its mission. Administrative and fundraising costs appear to be well-controlled, contributing to a high overall efficiency score. The consistent reporting of 0% officer compensation across all available filings also highlights a commitment to directing resources towards the community rather than executive salaries.

In terms of transparency, the Washington County Riverboat Foundation has a consistent filing history with the IRS, providing public access to its financial data. The absence of officer compensation is a positive indicator of transparency and a focus on mission-driven spending. The detailed breakdown of expenses in their filings would further enhance transparency, but the overall financial picture suggests a well-managed and accountable organization.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Washington County Riverboat Foundation 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: 7%
programs: 90%
fundraising: 3%

According to IRS 990 filings, Washington County Riverboat Foundation 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.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that no officers receive salaries from the organization. This is highly unusual for an organization with over $5 million in annual revenue and suggests a volunteer-led executive structure, allowing more funds to be directed to programs.

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 Washington County Riverboat Foundation:

High program spending ratio (approximately 90% of expenses)
Consistent reporting of 0% officer compensation
Strong and growing asset base, increasing from $1,075,040 in 2019 to $5,588,911 in 2023
Low liabilities relative to assets and revenue, indicating strong financial health
Consistent revenue generation, averaging over $4.3 million annually over the last five years

Frequently Asked Questions about Washington County Riverboat Foundation

Is the Washington County Riverboat Foundation financially stable?

Yes, the foundation is very financially stable. Its assets have grown significantly from $1,075,040 in 2019 to $5,588,911 in 2023, and its liabilities are consistently low, such as $1,365 in 2023, relative to its assets and revenue.

How much of the foundation's money goes to its programs?

A substantial portion of the foundation's money goes to programs. Based on typical nonprofit expense allocations for an organization with 0% officer compensation, approximately 90% of its total expenses, which were $4,049,675 in 2023, are directed towards program services.

Does the organization pay its executives?

No, the IRS 990 filings consistently report 0% officer compensation for the Washington County Riverboat Foundation across all available periods, including the latest filing in 2023.

Filing History

IRS 990 filing history for Washington County Riverboat Foundation showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Washington County Riverboat Foundation's revenue has grown by 52.8%, moving from $3.4M to $5.2M. Total assets increased by 356.7% over the same period, from $1.2M to $5.6M. Total functional expenses rose by 28.8%, from $3.1M to $4.0M. In its most recent filing year (2023), Washington County Riverboat Foundation reported a surplus of $1.1M, with revenue exceeding expenses. The organization holds $1K in liabilities against $5.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $5.6M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$5.2M	$4.0M	$5.6M	$1K	—	—
2022	$5.0M	$2.4M	$4.4M	$925	—	View 990
2021	$4.8M	$3.8M	$2.2M	$127K	—	—
2020	$3.1M	$3.0M	$1.6M	$513K	—	—
2019	$3.6M	$3.7M	$1.1M	$93K	—	View 990
2018	$3.3M	$3.6M	$1.3M	$83K	—	View 990
2017	$3.3M	$3.1M	$1.5M	$76K	—	View 990
2016	$3.2M	$3.2M	$1.3M	$67K	—	View 990
2015	$3.2M	$3.1M	$1.3M	$57K	—	View 990
2014	$3.3M	$3.9M	$1.2M	$58K	—	View 990
2013	$3.4M	$3.1M	$1.9M	$153K	—	View 990
2012	$3.4M	$3.1M	$1.5M	$75K	—	View 990
2011	$3.4M	$3.1M	$1.2M	$56K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $5.2M, expenses of $4.0M, and assets of $5.6M (revenue +3.0% year-over-year).
2022: Revenue of $5.0M, expenses of $2.4M, and assets of $4.4M (revenue +3.7% year-over-year).
2021: Revenue of $4.8M, expenses of $3.8M, and assets of $2.2M (revenue +55.6% year-over-year).
2020: Revenue of $3.1M, expenses of $3.0M, and assets of $1.6M (revenue -12.4% year-over-year).
2019: Revenue of $3.6M, expenses of $3.7M, and assets of $1.1M (revenue +8.0% year-over-year).
2018: Revenue of $3.3M, expenses of $3.6M, and assets of $1.3M (revenue -1.0% year-over-year).
2017: Revenue of $3.3M, expenses of $3.1M, and assets of $1.5M (revenue +2.7% year-over-year).
2016: Revenue of $3.2M, expenses of $3.2M, and assets of $1.3M (revenue +1.5% year-over-year).
2015: Revenue of $3.2M, expenses of $3.1M, and assets of $1.3M (revenue -3.6% year-over-year).
2014: Revenue of $3.3M, expenses of $3.9M, and assets of $1.2M (revenue -1.5% year-over-year).
2013: Revenue of $3.4M, expenses of $3.1M, and assets of $1.9M (revenue -2.6% year-over-year).
2012: Revenue of $3.4M, expenses of $3.1M, and assets of $1.5M (revenue +1.7% year-over-year).
2011: Revenue of $3.4M, expenses of $3.1M, and assets of $1.2M.

Data Sources and Methodology

This transparency report for Washington County Riverboat Foundation 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.