Washington County Riverboat Foundation

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Washington County Riverboat Foundation Form 990, Revenue, CEO Pay, and IRS Filing Signals

Washington County Riverboat Foundation is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Washington County Riverboat Foundation in one place.

Is Washington County Riverboat Foundation Legit?

Appears Legitimate

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

Across stored filings, Washington County Riverboat Foundation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Washington County Riverboat Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

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.

Organization Overview

Washington County Riverboat Foundation is a mid-size nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.6%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2023, Washington County Riverboat Foundation reported a surplus of $1.1M with revenue exceeding expenses, holds 16.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).

Financial Trends

Over 13 years of filings (2011–2023), Washington County Riverboat Foundation's revenue has grown at a compound annual growth rate (CAGR) of 3.6%.

IRS Tax-Exempt Classification

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 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.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

• The organization reported a surplus of $1.1M, with revenue exceeding expenses.
• Debt-to-asset ratio: 0.0%.

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

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-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.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Washington County Riverboat Foundation:

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.