White Rock Boathouse Inc
White Rock Boathouse Inc shows revenue growth and consistent assets, with no reported officer compensation.
EIN: 200702362 · Dallas, TX · NTEE: B90 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.2M |
| Total Expenses | $1.4M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $2.3M |
| Transparency Score | 90/100 |
Is White Rock Boathouse Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
White Rock Boathouse Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About White Rock Boathouse Inc
White Rock Boathouse Inc (EIN: 200702362) is a nonprofit organization based in Dallas, TX, classified under NTEE code B90. The organization reported total revenue of $1.2M and total assets of $2.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of White Rock Boathouse Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
White Rock Boathouse Inc is a mid-size nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $1.4M |
| Surplus / Deficit | $-111,435 |
| Total Assets | $2.4M |
| Total Liabilities | $103K |
| Net Assets | $2.3M |
| Operating Margin | -8.6% |
| Debt-to-Asset Ratio | 4.2% |
| Months of Reserves | 20.7 months |
Financial Health Grade: B
In 2023, White Rock Boathouse Inc reported a deficit of $111K with expenses exceeding revenue, holds 20.7 months of operating reserves (strong position), has a debt-to-asset ratio of 4.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), White Rock Boathouse Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.8% | +21.2% | -3.3% |
| 2022 | +11.2% | +49.0% | -2.7% |
| 2021 | +73.5% | +28.9% | +16.3% |
| 2020 | -30.1% | -23.8% | -0.4% |
| 2019 | +15.1% | +0.3% | +5.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 White Rock Boathouse Inc with a Mission Score of 90 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, White Rock Boathouse 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $111K, with expenses exceeding revenue.
- Debt-to-asset ratio: 4.2%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are not compensated, which is highly favorable for an organization of its size with assets over $2 million.
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 White Rock Boathouse Inc's IRS 990 filings:
- Expenses exceeded revenue in 2023 ($1,405,998 vs. $1,294,563), resulting in a deficit for that year.
Strengths
The following positive indicators were identified for White Rock Boathouse Inc:
- Consistent and growing revenue, increasing from $634,686 in 2020 to $1,294,563 in 2023.
- Stable asset base, consistently above $2 million, indicating financial resilience.
- 0% reported officer compensation across all filings, suggesting high efficiency and dedication to mission.
- Strong transparency with 13 IRS 990 filings available for public review.
Frequently Asked Questions about White Rock Boathouse Inc
Is White Rock Boathouse Inc a legitimate charity?
White Rock Boathouse Inc (EIN: 200702362) is a registered tax-exempt nonprofit based in Texas. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.2M. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does White Rock Boathouse Inc spend its money?
White Rock Boathouse Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to White Rock Boathouse Inc tax-deductible?
White Rock Boathouse Inc is registered as a tax-exempt nonprofit (EIN: 200702362). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the White Rock Boathouse Inc CEO make?
White Rock Boathouse Inc's highest-compensated officer earns $2 annually. The organization reported $1.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of White Rock Boathouse Inc's spending goes to programs?
White Rock Boathouse Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does White Rock Boathouse Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), White Rock Boathouse Inc is above average for NTEE category B90 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is White Rock Boathouse Inc located?
White Rock Boathouse Inc is headquartered in Dallas, Texas and files with the IRS under EIN 200702362. It is classified under NTEE code B90.
How many years of IRS 990 filings does White Rock Boathouse Inc have?
White Rock Boathouse Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.2M in total revenue.
Is White Rock Boathouse Inc a good charity?
Based on the available data, White Rock Boathouse Inc appears to be a good charity. It demonstrates strong financial transparency with consistent IRS 990 filings, has a growing revenue stream, and notably reports 0% officer compensation, suggesting efficient use of funds for its mission.
How has White Rock Boathouse Inc's revenue trended over the past few years?
White Rock Boathouse Inc has shown significant revenue growth, increasing from $634,686 in 2020 to $1,294,563 in 2023, indicating expanding support or program activity.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation in all available filings, suggesting that its leadership serves on a volunteer basis or is compensated through non-officer roles, which is a strong indicator of fiscal efficiency.
Filing History
IRS 990 filing history for White Rock Boathouse Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), White Rock Boathouse Inc's revenue has grown by 140%, moving from $539K to $1.3M. Total assets decreased by 2.3% over the same period, from $2.5M to $2.4M. Total functional expenses rose by 202%, from $466K to $1.4M. In its most recent filing year (2023), White Rock Boathouse Inc reported a deficit of $111K, with expenses exceeding revenue. The organization holds $103K in liabilities against $2.4M in assets (debt-to-asset ratio: 4.2%), resulting in net assets of $2.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.3M | $1.4M | $2.4M | $103K | — | — |
| 2022 | $1.2M | $1.2M | $2.5M | $88K | — | — |
| 2021 | $1.1M | $779K | $2.6M | $222K | — | View 990 |
| 2020 | $635K | $604K | $2.2M | $187K | — | — |
| 2019 | $908K | $793K | $2.2M | $226K | — | View 990 |
| 2018 | $789K | $790K | $2.1M | $233K | — | View 990 |
| 2017 | $802K | $884K | $2.1M | $251K | — | View 990 |
| 2016 | $751K | $779K | $2.2M | $185K | — | View 990 |
| 2015 | $643K | $620K | $2.2M | $204K | — | View 990 |
| 2014 | $625K | $638K | $2.2M | $254K | — | View 990 |
| 2013 | $535K | $599K | $2.3M | $326K | — | View 990 |
| 2012 | $780K | $678K | $2.4M | $310K | — | View 990 |
| 2011 | $539K | $466K | $2.5M | $513K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.3M, expenses of $1.4M, and assets of $2.4M (revenue +5.8% year-over-year).
- 2022: Revenue of $1.2M, expenses of $1.2M, and assets of $2.5M (revenue +11.2% year-over-year).
- 2021: Revenue of $1.1M, expenses of $779K, and assets of $2.6M (revenue +73.5% year-over-year).
- 2020: Revenue of $635K, expenses of $604K, and assets of $2.2M (revenue -30.1% year-over-year).
- 2019: Revenue of $908K, expenses of $793K, and assets of $2.2M (revenue +15.1% year-over-year).
- 2018: Revenue of $789K, expenses of $790K, and assets of $2.1M (revenue -1.6% year-over-year).
- 2017: Revenue of $802K, expenses of $884K, and assets of $2.1M (revenue +6.7% year-over-year).
- 2016: Revenue of $751K, expenses of $779K, and assets of $2.2M (revenue +16.9% year-over-year).
- 2015: Revenue of $643K, expenses of $620K, and assets of $2.2M (revenue +2.9% year-over-year).
- 2014: Revenue of $625K, expenses of $638K, and assets of $2.2M (revenue +16.8% year-over-year).
- 2013: Revenue of $535K, expenses of $599K, and assets of $2.3M (revenue -31.3% year-over-year).
- 2012: Revenue of $780K, expenses of $678K, and assets of $2.4M (revenue +44.6% year-over-year).
- 2011: Revenue of $539K, expenses of $466K, and assets of $2.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for White Rock Boathouse Inc:
Data Sources and Methodology
This transparency report for White Rock Boathouse 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.