Waterville Valley Athletic & Improvement Association
Waterville Valley Athletic & Improvement Association shows fluctuating revenue and expenses, with a recent operating deficit but no liabilities.
EIN: 20402274 · Watervl Vly, NH · NTEE: N32 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $22K |
| Total Expenses | $29K |
| Program Spending | 80% |
| Net Assets | $55K |
| Transparency Score | 75/100 |
Is Waterville Valley Athletic & Improvement Association Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Waterville Valley Athletic & Improvement Association directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Waterville Valley Athletic & Improvement Association
Waterville Valley Athletic & Improvement Association (EIN: 20402274) is a nonprofit organization based in Watervl Vly, NH, classified under NTEE code N32. The organization reported total revenue of $22K and total assets of $49K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Waterville Valley Athletic & Improvement Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Waterville Valley Athletic & Improvement Association is a micro nonprofit that has been operating for 15 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of -16.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $19K |
| Total Expenses | $29K |
| Surplus / Deficit | $-9,925 |
| Total Assets | $55K |
| Net Assets | $55K |
| Operating Margin | -53.4% |
| Months of Reserves | 23.0 months |
Financial Health Grade: B
In 2023, Waterville Valley Athletic & Improvement Association reported a deficit of $10K with expenses exceeding revenue, holds 23.0 months of operating reserves (strong position).
Financial Trends
Over 3 years of filings (2021–2023), Waterville Valley Athletic & Improvement Association's revenue has declined at a compound annual growth rate (CAGR) of -16.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -24.8% | +125.8% | -15.4% |
| 2022 | -8.2% | -43.4% | +23.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2011 |
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 Waterville Valley Athletic & Improvement Association with a Mission Score of 75 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, Waterville Valley Athletic & Improvement Association 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 deficit of $10K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is reported at 0% across all available filings, indicating that no officers receive compensation from the organization. This is a strong positive for an organization of its size, suggesting a volunteer-led structure or very efficient use of resources.
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 Waterville Valley Athletic & Improvement Association's IRS 990 filings:
- Operating deficit in the most recent fiscal period (202312), where expenses ($28,518) exceeded revenue ($18,593).
Strengths
The following positive indicators were identified for Waterville Valley Athletic & Improvement Association:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds and strong governance.
- No reported liabilities across all three filing periods, demonstrating financial stability.
- Maintains a healthy asset base relative to its revenue, with assets of $48,964 against latest revenue of $22,008.
- Clear alignment between organization name and NTEE code (N32 - Sports, Recreational, & Social Clubs), suggesting a focused mission.
Frequently Asked Questions about Waterville Valley Athletic & Improvement Association
Is Waterville Valley Athletic & Improvement Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Waterville Valley Athletic & Improvement Association (EIN: 20402274) some concerns. Mission Score: 75/100. 1 red flag identified, 4 strengths noted.
How does Waterville Valley Athletic & Improvement Association spend its money?
Waterville Valley Athletic & Improvement Association directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Waterville Valley Athletic & Improvement Association tax-deductible?
Waterville Valley Athletic & Improvement Association is registered as a tax-exempt nonprofit (EIN: 20402274). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Waterville Valley Athletic & Improvement Association's spending goes to programs?
Waterville Valley Athletic & Improvement Association directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Waterville Valley Athletic & Improvement Association compare to similar nonprofits?
With a transparency score of 75/100 (Good), Waterville Valley Athletic & Improvement Association is above average for NTEE category N32 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Waterville Valley Athletic & Improvement Association located?
Waterville Valley Athletic & Improvement Association is headquartered in Watervl Vly, New Hampshire and files with the IRS under EIN 20402274. It is classified under NTEE code N32.
How many years of IRS 990 filings does Waterville Valley Athletic & Improvement Association have?
Waterville Valley Athletic & Improvement Association has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $22K in total revenue.
Is Waterville Valley Athletic & Improvement Association a good charity?
Based on the available data, the organization appears to be a reasonably good charity, especially given its consistent reporting of no liabilities and 0% officer compensation. While it experienced an operating deficit in the most recent period (202312), its overall asset base and prior year's surplus suggest a generally stable financial position. Its NTEE code N32 (Sports, Recreational, & Social Clubs) aligns with its name, indicating a clear program focus.
What caused the deficit in the 202312 period?
The provided data does not specify the exact causes for the deficit where expenses ($28,518) exceeded revenue ($18,593) in the 202312 period. It could be due to increased program activities, one-time capital expenditures, or a temporary dip in donations/membership fees.
How does the organization fund its operations?
The organization's revenue streams fluctuate, as seen by the varying revenue figures ($18,593, $24,717, $26,926) over the three periods. Without more detailed breakdowns, it's likely funded through membership fees, program service fees, donations, or grants typical for athletic and improvement associations.
Filing History
IRS 990 filing history for Waterville Valley Athletic & Improvement Association showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Waterville Valley Athletic & Improvement Association's revenue has declined by 30.9%, moving from $27K to $19K. Total assets increased by 4.1% over the same period, from $52K to $55K. Total functional expenses rose by 27.9%, from $22K to $29K. In its most recent filing year (2023), Waterville Valley Athletic & Improvement Association reported a deficit of $10K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $19K | $29K | $55K | $0 | — | View 990 |
| 2022 | $25K | $13K | $65K | $0 | — | View 990 |
| 2021 | $27K | $22K | $52K | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $19K, expenses of $29K, and assets of $55K (revenue -24.8% year-over-year).
- 2022: Revenue of $25K, expenses of $13K, and assets of $65K (revenue -8.2% year-over-year).
- 2021: Revenue of $27K, expenses of $22K, and assets of $52K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Waterville Valley Athletic & Improvement Association:
Data Sources and Methodology
This transparency report for Waterville Valley Athletic & Improvement 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.