Wheels Of Independence Inc
EIN: 391524310 · Wisc Rapids, WI
About Wheels Of Independence Inc
Wheels Of Independence Inc (EIN: 391524310) is a nonprofit organization based in Wisc Rapids, WI. The organization reported total revenue of $487K and total assets of $263K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wheels Of Independence Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for Wheels Of Independence Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Wheels Of Independence Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Filing History
IRS 990 filing history for Wheels Of Independence Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Wheels Of Independence Inc's revenue has grown by 4.3%, moving from $1.2M to $1.2M. Total assets increased by 218.5% over the same period, from $60K to $192K. Total functional expenses rose by 8.6%, from $1.2M to $1.3M. In its most recent filing year (2022), Wheels Of Independence Inc reported a deficit of $86K, with expenses exceeding revenue. The organization holds $37K in liabilities against $192K in assets (debt-to-asset ratio: 19.3%), resulting in net assets of $155K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2022 | $1.2M | $1.3M | $192K | $37K | — | View 990 |
| 2021 | $1.3M | $1.2M | $276K | $34K | — | View 990 |
| 2020 | $1.2M | $1.1M | $129K | $15K | — | — |
| 2019 | $1.2M | $1.2M | $103K | $39K | — | View 990 |
| 2018 | $1.1M | $1.2M | $93K | $41K | — | View 990 |
| 2017 | $1.2M | $1.2M | $102K | $18K | — | View 990 |
| 2016 | $1.2M | $1.2M | $168K | $44K | — | View 990 |
| 2015 | $1.2M | $1.2M | $102K | $18K | — | View 990 |
| 2014 | $1.2M | $1.2M | $99K | $11K | — | View 990 |
| 2013 | $1.3M | $1.2M | $146K | $39K | — | View 990 |
| 2012 | $1.3M | $1.2M | $92K | $20K | — | View 990 |
| 2011 | $1.2M | $1.2M | $60K | $21K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $1.2M, expenses of $1.3M, and assets of $192K (revenue -4.9% year-over-year).
- 2021: Revenue of $1.3M, expenses of $1.2M, and assets of $276K (revenue +10.8% year-over-year).
- 2020: Revenue of $1.2M, expenses of $1.1M, and assets of $129K (revenue -0.3% year-over-year).
- 2019: Revenue of $1.2M, expenses of $1.2M, and assets of $103K (revenue +4.9% year-over-year).
- 2018: Revenue of $1.1M, expenses of $1.2M, and assets of $93K (revenue -2.3% year-over-year).
- 2017: Revenue of $1.2M, expenses of $1.2M, and assets of $102K (revenue -5.7% year-over-year).
- 2016: Revenue of $1.2M, expenses of $1.2M, and assets of $168K (revenue +5.1% year-over-year).
- 2015: Revenue of $1.2M, expenses of $1.2M, and assets of $102K (revenue -0.9% year-over-year).
- 2014: Revenue of $1.2M, expenses of $1.2M, and assets of $99K (revenue -8.3% year-over-year).
- 2013: Revenue of $1.3M, expenses of $1.2M, and assets of $146K (revenue +1.6% year-over-year).
- 2012: Revenue of $1.3M, expenses of $1.2M, and assets of $92K (revenue +6.0% year-over-year).
- 2011: Revenue of $1.2M, expenses of $1.2M, and assets of $60K.
Data Sources and Methodology
This transparency report for Wheels Of Independence 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.