Westfield Basketball Association

Westfield Basketball Association shows consistent revenue growth and strong financial solvency with zero liabilities.

EIN: 161623099 · Westfield, NJ · NTEE: N62 · Updated: 2026-03-28

$368KRevenue

$379KAssets

92/100Mission Score (Excellent)

N62

About Westfield Basketball Association

Westfield Basketball Association (EIN: 161623099) is a nonprofit organization based in Westfield, NJ, classified under NTEE code N62. The organization reported total revenue of $368K and total assets of $379K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Westfield Basketball Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Westfield Basketball Association demonstrates a generally healthy financial position, with consistent revenue growth in recent years, culminating in $318,625 in revenue and $260,312 in expenses for the 202312 period. The organization has maintained a positive net asset position, with assets growing to $369,893 in 2023, and consistently reports zero liabilities, indicating strong financial solvency and responsible management of its balance sheet. This suggests a stable operational foundation.

Spending efficiency appears strong, as evidenced by the consistent surplus of revenue over expenses in most recent periods, allowing for asset accumulation. For instance, in 2023, the organization spent approximately 81.7% of its revenue ($260,312 / $318,625) on expenses, leaving a significant portion for reinvestment or reserves. The absence of reported officer compensation further suggests that resources are primarily directed towards program delivery and operational costs rather than executive salaries.

In terms of transparency, the organization has a robust filing history with 14 IRS 990 filings, indicating consistent compliance with regulatory requirements. The consistent reporting of zero officer compensation across all available periods is a key indicator of transparency regarding executive pay practices. The clear financial trends and lack of liabilities contribute to a positive assessment of their overall financial transparency and accountability.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Westfield Basketball Association with a Mission Score of 92 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, Westfield Basketball Association 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

The Westfield Basketball Association consistently reports 0% officer compensation across all available filing periods, indicating that no executive salaries are paid, which is highly unusual for an organization of its size and suggests a volunteer-led leadership structure.

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 Westfield Basketball Association's IRS 990 filings:

No reported officer compensation, which, while positive for resource allocation, can sometimes indicate a lack of formal leadership structure or underreporting if significant volunteer hours are not valued.

Strengths

The following positive indicators were identified for Westfield Basketball Association:

Consistent revenue growth in recent years, from $32,412 in 2020 to $318,625 in 2023.
Strong financial solvency with zero reported liabilities across all 14 filing periods.
Healthy asset accumulation, growing to $369,893 in 2023.
High program efficiency suggested by the absence of officer compensation, directing more funds to the mission.
Robust filing history with 14 IRS 990 filings, indicating strong compliance and transparency.

Frequently Asked Questions about Westfield Basketball Association

Is Westfield Basketball Association a good charity?

Based on its financial health, consistent revenue growth, strong asset position, and zero reported liabilities, the Westfield Basketball Association appears to be a well-managed and financially sound organization. The absence of officer compensation suggests a high dedication of resources to its mission.

How has the organization's revenue trended recently?

After a dip in 2018-2020, the organization has shown strong revenue recovery and growth, with revenues increasing from $32,412 in 2020 to $318,625 in 2023, and a latest reported revenue of $368,265.

What is the organization's financial stability?

The organization demonstrates excellent financial stability, consistently reporting zero liabilities across all 14 filings and growing its assets to $369,893 in 2023, indicating a strong reserve and ability to cover its obligations.

Filing History

IRS 990 filing history for Westfield Basketball Association showing financial trends over 14 years of public records:

Over 14 years of IRS 990 filings (2009–2023), Westfield Basketball Association's revenue has grown by 38.4%, moving from $230K to $319K. Total assets increased by 106.5% over the same period, from $179K to $370K. Total functional expenses rose by 36.1%, from $191K to $260K. In its most recent filing year (2023), Westfield Basketball Association reported a surplus of $58K, with revenue exceeding expenses.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$319K	$260K	$370K	$0	—	—
2022	$267K	$257K	$312K	$0	—	View 990
2021	$331K	$230K	$302K	$0	—	View 990
2020	$32K	$154K	$201K	$0	—	View 990
2019	$5K	$269K	$322K	$0	—	View 990
2018	$101	$295K	$281K	$0	—	View 990
2017	$309K	$280K	$280K	$0	—	View 990
2016	$295K	$261K	$252K	$0	—	View 990
2015	$271K	$253K	$218K	$0	—	View 990
2014	$294K	$205K	$200K	$0	—	View 990
2013	$309K	$245K	$111K	$0	—	View 990
2011	$176K	$230K	$126K	$0	—	View 990
2010	$214K	$214K	$179K	$0	—	View 990
2009	$230K	$191K	$179K	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $319K, expenses of $260K, and assets of $370K (revenue +19.3% year-over-year).
2022: Revenue of $267K, expenses of $257K, and assets of $312K (revenue -19.3% year-over-year).
2021: Revenue of $331K, expenses of $230K, and assets of $302K (revenue +921.1% year-over-year).
2020: Revenue of $32K, expenses of $154K, and assets of $201K (revenue +559.9% year-over-year).
2019: Revenue of $5K, expenses of $269K, and assets of $322K (revenue +4763.4% year-over-year).
2018: Revenue of $101, expenses of $295K, and assets of $281K (revenue -100.0% year-over-year).
2017: Revenue of $309K, expenses of $280K, and assets of $280K (revenue +4.8% year-over-year).
2016: Revenue of $295K, expenses of $261K, and assets of $252K (revenue +9.0% year-over-year).
2015: Revenue of $271K, expenses of $253K, and assets of $218K (revenue -8.0% year-over-year).
2014: Revenue of $294K, expenses of $205K, and assets of $200K (revenue -4.9% year-over-year).
2013: Revenue of $309K, expenses of $245K, and assets of $111K (revenue +75.2% year-over-year).
2011: Revenue of $176K, expenses of $230K, and assets of $126K (revenue -17.7% year-over-year).
2010: Revenue of $214K, expenses of $214K, and assets of $179K (revenue -6.9% year-over-year).
2009: Revenue of $230K, expenses of $191K, and assets of $179K.

Data Sources and Methodology

This transparency report for Westfield Basketball 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.