Winnemucca Regional Raceway Association
Winnemucca Regional Raceway Association operates with tight margins and no executive compensation, showing consistent growth.
EIN: 10642229 · Winnemucca, NV · NTEE: N50 · Updated: 2026-03-28
Is Winnemucca Regional Raceway Association Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Winnemucca Regional Raceway Association directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Winnemucca Regional Raceway Association
Winnemucca Regional Raceway Association (EIN: 10642229) is a nonprofit organization based in Winnemucca, NV, classified under NTEE code N50. The organization reported total revenue of $162K and total assets of $20K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Winnemucca Regional Raceway Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Winnemucca Regional Raceway Association 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Winnemucca Regional Raceway Association allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that its leadership is entirely volunteer-based, which is highly efficient for a nonprofit of its size and revenue ($161,557 in 2022).
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.
Strengths
The following positive indicators were identified for Winnemucca Regional Raceway Association:
- Zero officer compensation, indicating volunteer leadership and high efficiency.
- Consistent revenue growth, from $18,941 in 2016 to $161,557 in 2022.
- No reported liabilities, suggesting strong financial management and no debt burden.
- Expenses closely match revenue, indicating efficient use of funds.
- Consistent filing of IRS 990 forms, demonstrating transparency and compliance.
Frequently Asked Questions about Winnemucca Regional Raceway Association
Is Winnemucca Regional Raceway Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Winnemucca Regional Raceway Association (EIN: 10642229) appears legitimate. Mission Score: 85/100. 0 red flags identified, 5 strengths noted.
How does Winnemucca Regional Raceway Association spend its money?
Winnemucca Regional Raceway Association directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Winnemucca Regional Raceway Association tax-deductible?
Winnemucca Regional Raceway Association is registered as a tax-exempt nonprofit (EIN: 10642229). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Winnemucca Regional Raceway Association a good charity?
Based on the available data, the Winnemucca Regional Raceway Association appears to be a well-managed organization with strong financial efficiency, particularly due to its volunteer leadership and minimal overhead. Its consistent growth in revenue and lack of liabilities are positive indicators.
How does the organization manage its expenses?
The organization manages its expenses very tightly, with total expenses consistently close to total revenue. For example, in 2022, expenses were $159,846 against revenues of $161,557. The absence of officer compensation is a key factor in its lean operations.
What is the trend in the organization's financial health?
The organization shows a positive trend in financial health, with revenue growing significantly from $18,941 in 2016 to $161,557 in 2022. Assets have also grown from $2,953 to $19,745 over the same period, with no reported liabilities, indicating increasing stability.
Filing History
IRS 990 filing history for Winnemucca Regional Raceway Association showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2010–2022), Winnemucca Regional Raceway Association's revenue has grown by 178.6%, moving from $58K to $162K. Total assets increased by 167.1% over the same period, from $7K to $20K. Total functional expenses rose by 170.6%, from $59K to $160K. In its most recent filing year (2022), Winnemucca Regional Raceway Association reported a surplus of $2K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2022 | $162K | $160K | $20K | $0 | — | View 990 |
| 2021 | $156K | $147K | $19K | $0 | — | View 990 |
| 2019 | $92K | $86K | $16K | $0 | — | View 990 |
| 2018 | $82K | $76K | $11K | $0 | — | View 990 |
| 2017 | $64K | $62K | $4K | $0 | — | View 990 |
| 2016 | $19K | $20K | $3K | $0 | — | View 990 |
| 2015 | $27K | $32K | $4K | $0 | — | View 990 |
| 2014 | $67K | $63K | $9K | $0 | — | View 990 |
| 2013 | $68K | $73K | $5K | $0 | — | — |
| 2012 | $69K | $62K | $9K | $0 | — | — |
| 2011 | $87K | $92K | $3K | $0 | — | — |
| 2010 | $58K | $59K | $7K | $0 | — | — |
Year-by-Year Financial Summary
- 2022: Revenue of $162K, expenses of $160K, and assets of $20K (revenue +3.8% year-over-year).
- 2021: Revenue of $156K, expenses of $147K, and assets of $19K (revenue +69.1% year-over-year).
- 2019: Revenue of $92K, expenses of $86K, and assets of $16K (revenue +12.0% year-over-year).
- 2018: Revenue of $82K, expenses of $76K, and assets of $11K (revenue +29.0% year-over-year).
- 2017: Revenue of $64K, expenses of $62K, and assets of $4K (revenue +236.3% year-over-year).
- 2016: Revenue of $19K, expenses of $20K, and assets of $3K (revenue -29.5% year-over-year).
- 2015: Revenue of $27K, expenses of $32K, and assets of $4K (revenue -60.0% year-over-year).
- 2014: Revenue of $67K, expenses of $63K, and assets of $9K (revenue -1.4% year-over-year).
- 2013: Revenue of $68K, expenses of $73K, and assets of $5K (revenue -1.3% year-over-year).
- 2012: Revenue of $69K, expenses of $62K, and assets of $9K (revenue -20.7% year-over-year).
- 2011: Revenue of $87K, expenses of $92K, and assets of $3K (revenue +50.0% year-over-year).
- 2010: Revenue of $58K, expenses of $59K, and assets of $7K.
Data Sources and Methodology
This transparency report for Winnemucca Regional Raceway 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.