Winnipesaukee Skating Club Inc
Winnipesaukee Skating Club maintains stable assets with volunteer leadership despite minor operational deficits.
EIN: 20454531 · Laconia, NH · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $514K |
| Total Expenses | $485K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $400,000 |
| Net Assets | $1.2M |
| Transparency Score | 88/100 |
Is Winnipesaukee Skating Club Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Winnipesaukee Skating Club Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Winnipesaukee Skating Club Inc
Winnipesaukee Skating Club Inc (EIN: 20454531) is a nonprofit organization based in Laconia, NH. The organization reported total revenue of $514K and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Winnipesaukee Skating Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Winnipesaukee Skating Club Inc is a small nonprofit that has been operating for 33 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of -2.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $469K |
| Total Expenses | $485K |
| Surplus / Deficit | $-15,932 |
| Total Assets | $1.2M |
| Net Assets | $1.2M |
| Operating Margin | -3.4% |
| Months of Reserves | 30.4 months |
Financial Health Grade: B
In 2024, Winnipesaukee Skating Club Inc reported a deficit of $16K with expenses exceeding revenue, holds 30.4 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2012–2024), Winnipesaukee Skating Club Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +0.9% | +0.3% | -1.1% |
| 2023 | +8.7% | +20.0% | -1.5% |
| 2022 | +17.9% | +20.5% | +2.0% |
| 2021 | -6.5% | -12.5% | +2.4% |
| 2020 | -1.5% | -4.5% | +0.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
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 Winnipesaukee Skating Club Inc with a Mission Score of 88 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, Winnipesaukee Skating Club 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $16K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating a volunteer-led organization, which is highly efficient for an organization of its size with annual revenues around $400,000-$500,000.
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 Winnipesaukee Skating Club Inc's IRS 990 filings:
- Consistent minor operational deficits in recent years (e.g., $484,730 expenses vs. $468,798 revenue in 202404; $483,346 expenses vs. $464,475 revenue in 202304).
Strengths
The following positive indicators were identified for Winnipesaukee Skating Club Inc:
- Strong asset base relative to annual revenue (e.g., $1,228,659 assets vs. $468,798 revenue in 202404).
- Zero officer compensation reported across all 13 filings, indicating volunteer leadership and high administrative efficiency.
- Consistently low to zero liabilities, demonstrating sound financial management.
- Consistent IRS 990 filing history over 13 periods, indicating strong transparency.
Frequently Asked Questions about Winnipesaukee Skating Club Inc
Is Winnipesaukee Skating Club Inc a legitimate charity?
Winnipesaukee Skating Club Inc (EIN: 20454531) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 88/100. It has 13 years of IRS 990 filings on record. Total revenue: $514K. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Winnipesaukee Skating Club Inc spend its money?
Winnipesaukee Skating Club Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Winnipesaukee Skating Club Inc tax-deductible?
Winnipesaukee Skating Club Inc is registered as a tax-exempt nonprofit (EIN: 20454531). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Winnipesaukee Skating Club Inc CEO make?
Winnipesaukee Skating Club Inc's highest-compensated officer earns $400,000 annually. The organization reported $514K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Winnipesaukee Skating Club Inc's spending goes to programs?
Winnipesaukee Skating Club Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Winnipesaukee Skating Club Inc located?
Winnipesaukee Skating Club Inc is headquartered in Laconia, New Hampshire and files with the IRS under EIN 20454531.
How many years of IRS 990 filings does Winnipesaukee Skating Club Inc have?
Winnipesaukee Skating Club 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 $514K in total revenue.
Is Winnipesaukee Skating Club Inc. financially stable?
Yes, the organization appears financially stable. It consistently holds over $1.2 million in assets, with liabilities frequently reported as zero or very low, such as $0 in 202404 and $1,054 in 202304, relative to its annual revenue of around $400,000-$500,000.
How efficient is Winnipesaukee Skating Club Inc. with its spending?
The organization demonstrates high spending efficiency, particularly due to its volunteer leadership, as evidenced by 0% officer compensation reported across all 13 filings. This suggests a significant portion of its expenses are directed towards its operational mission rather than administrative overhead.
Does Winnipesaukee Skating Club Inc. have any debt?
For the most recent period (202404), the organization reported $0 in liabilities. While there have been minor liabilities in previous years (e.g., $1,054 in 202304), the overall trend shows very low to no debt.
Filing History
IRS 990 filing history for Winnipesaukee Skating Club Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Winnipesaukee Skating Club Inc's revenue has declined by 22.2%, moving from $603K to $469K. Total assets decreased by 1.7% over the same period, from $1.3M to $1.2M. Total functional expenses fell by 17.4%, from $587K to $485K. In its most recent filing year (2024), Winnipesaukee Skating Club Inc reported a deficit of $16K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $469K | $485K | $1.2M | $0 | — | — |
| 2023 | $464K | $483K | $1.2M | $1K | — | View 990 |
| 2022 | $427K | $403K | $1.3M | $685 | — | View 990 |
| 2021 | $363K | $334K | $1.2M | $870 | — | View 990 |
| 2020 | $388K | $382K | $1.2M | $516 | — | View 990 |
| 2019 | $393K | $400K | $1.2M | $459 | — | View 990 |
| 2018 | $369K | $446K | $1.2M | $109 | — | View 990 |
| 2017 | $394K | $380K | $1.3M | $250 | — | View 990 |
| 2016 | $429K | $323K | $1.3M | $10K | — | View 990 |
| 2015 | $429K | $331K | $1.2M | $31K | — | View 990 |
| 2014 | $404K | $412K | $1.1M | $45K | — | View 990 |
| 2013 | $718K | $637K | $1.2M | $87K | — | View 990 |
| 2012 | $603K | $587K | $1.3M | $180K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $469K, expenses of $485K, and assets of $1.2M (revenue +0.9% year-over-year).
- 2023: Revenue of $464K, expenses of $483K, and assets of $1.2M (revenue +8.7% year-over-year).
- 2022: Revenue of $427K, expenses of $403K, and assets of $1.3M (revenue +17.9% year-over-year).
- 2021: Revenue of $363K, expenses of $334K, and assets of $1.2M (revenue -6.5% year-over-year).
- 2020: Revenue of $388K, expenses of $382K, and assets of $1.2M (revenue -1.5% year-over-year).
- 2019: Revenue of $393K, expenses of $400K, and assets of $1.2M (revenue +6.6% year-over-year).
- 2018: Revenue of $369K, expenses of $446K, and assets of $1.2M (revenue -6.4% year-over-year).
- 2017: Revenue of $394K, expenses of $380K, and assets of $1.3M (revenue -8.1% year-over-year).
- 2016: Revenue of $429K, expenses of $323K, and assets of $1.3M (revenue +0.1% year-over-year).
- 2015: Revenue of $429K, expenses of $331K, and assets of $1.2M (revenue +6.1% year-over-year).
- 2014: Revenue of $404K, expenses of $412K, and assets of $1.1M (revenue -43.7% year-over-year).
- 2013: Revenue of $718K, expenses of $637K, and assets of $1.2M (revenue +19.2% year-over-year).
- 2012: Revenue of $603K, expenses of $587K, and assets of $1.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Winnipesaukee Skating Club Inc:
Data Sources and Methodology
This transparency report for Winnipesaukee Skating Club 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.