Winona Steamboat Days Festival Association
Winona Steamboat Days Festival Association consistently spends nearly all revenue on festival operations with no officer compensation.
EIN: 20549576 · Winona, MN · NTEE: N52 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $200K |
| Total Expenses | $222K |
| Program Spending | 95% |
| Net Assets | $114K |
| Transparency Score | 92/100 |
Is Winona Steamboat Days Festival Association Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Winona Steamboat Days Festival Association directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Winona Steamboat Days Festival Association
Winona Steamboat Days Festival Association (EIN: 20549576) is a nonprofit organization based in Winona, MN, classified under NTEE code N52. The organization reported total revenue of $200K and total assets of $60K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Winona Steamboat Days Festival Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Winona Steamboat Days Festival Association is a small nonprofit that has been operating for 24 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $230K |
| Total Expenses | $222K |
| Surplus / Deficit | +$8K |
| Total Assets | $114K |
| Total Liabilities | $59 |
| Net Assets | $114K |
| Operating Margin | 3.7% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 6.2 months |
Financial Health Grade: A
In 2023, Winona Steamboat Days Festival Association reported a surplus of $8K with revenue exceeding expenses, holds 6.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Winona Steamboat Days Festival Association's revenue has grown at a compound annual growth rate (CAGR) of 6.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.1% | -1.4% | +8.1% |
| 2022 | +36.0% | +68.0% | +2.5% |
| 2021 | +458.3% | +561.3% | +47.1% |
| 2020 | -83.5% | -88.7% | +15.7% |
| 2019 | +4.0% | +6.3% | +2.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 2002 |
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 Winona Steamboat Days Festival Association with a Mission Score of 92 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: 4%
- programs: 95%
- fundraising: 1%
According to IRS 990 filings, Winona Steamboat Days Festival Association allocates its expenses as follows: admin: 4%, programs: 95%, fundraising: 1%. With 95% 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 surplus of $8K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating a volunteer-led structure. This is highly favorable as it means all funds are directed towards the festival's operations and community benefit rather than executive salaries.
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 Winona Steamboat Days Festival Association:
- Zero officer compensation, indicating a volunteer-driven model and efficient use of funds.
- High program spending ratio, with expenses consistently close to revenue, demonstrating direct application of funds to mission.
- Consistent financial recovery and growth in assets post-pandemic, showing resilience.
- Low to zero liabilities across multiple years, indicating strong financial management and minimal debt.
- Transparent financial reporting with 13 filings available, showing a long history of compliance.
Frequently Asked Questions about Winona Steamboat Days Festival Association
Is Winona Steamboat Days Festival Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Winona Steamboat Days Festival Association (EIN: 20549576) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Winona Steamboat Days Festival Association spend its money?
Winona Steamboat Days Festival Association directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Winona Steamboat Days Festival Association tax-deductible?
Winona Steamboat Days Festival Association is registered as a tax-exempt nonprofit (EIN: 20549576). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Winona Steamboat Days Festival Association's spending goes to programs?
Winona Steamboat Days Festival Association directs 95% to programs, 1% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Winona Steamboat Days Festival Association compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Winona Steamboat Days Festival Association is above average for NTEE category N52 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Winona Steamboat Days Festival Association located?
Winona Steamboat Days Festival Association is headquartered in Winona, Minnesota and files with the IRS under EIN 20549576. It is classified under NTEE code N52.
How many years of IRS 990 filings does Winona Steamboat Days Festival Association have?
Winona Steamboat Days Festival Association 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 $200K in total revenue.
Is Winona Steamboat Days Festival Association a good charity?
Based on the financial data, the Winona Steamboat Days Festival Association appears to be a good charity. It consistently spends a very high percentage of its revenue on its programs (festival operations), has no executive compensation, and maintains low liabilities, indicating efficient use of funds and strong financial health.
How has the organization's revenue been impacted by external factors?
The organization experienced a significant drop in revenue in 2020 to $29,960 from $181,039 in 2019, likely due to the COVID-19 pandemic. However, it has shown strong recovery, with revenues reaching $230,024 in 2023, surpassing pre-pandemic levels.
What is the trend in the organization's assets?
The organization's assets have shown a positive trend, growing from $60,518 in 2019 to $114,077 in 2023, indicating increasing financial stability and capacity.
Filing History
IRS 990 filing history for Winona Steamboat Days Festival Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Winona Steamboat Days Festival Association's revenue has grown by 121.1%, moving from $104K to $230K. Total assets increased by 352.8% over the same period, from $25K to $114K. Total functional expenses rose by 109.5%, from $106K to $222K. In its most recent filing year (2023), Winona Steamboat Days Festival Association reported a surplus of $8K, with revenue exceeding expenses. The organization holds $59 in liabilities against $114K in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $114K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $230K | $222K | $114K | $59 | — | View 990 |
| 2022 | $227K | $225K | $106K | $0 | — | View 990 |
| 2021 | $167K | $134K | $103K | $239 | — | View 990 |
| 2020 | $30K | $20K | $70K | $280 | — | View 990 |
| 2019 | $181K | $179K | $61K | $550 | — | View 990 |
| 2018 | $174K | $168K | $59K | $1K | — | View 990 |
| 2017 | $164K | $156K | $52K | $0 | — | View 990 |
| 2016 | $178K | $177K | $44K | $0 | — | View 990 |
| 2015 | $121K | $122K | $43K | $0 | — | View 990 |
| 2014 | $122K | $100K | $44K | $0 | — | View 990 |
| 2013 | $107K | $104K | $22K | $0 | — | View 990 |
| 2012 | $91K | $98K | $18K | $0 | — | View 990 |
| 2011 | $104K | $106K | $25K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $230K, expenses of $222K, and assets of $114K (revenue +1.1% year-over-year).
- 2022: Revenue of $227K, expenses of $225K, and assets of $106K (revenue +36.0% year-over-year).
- 2021: Revenue of $167K, expenses of $134K, and assets of $103K (revenue +458.3% year-over-year).
- 2020: Revenue of $30K, expenses of $20K, and assets of $70K (revenue -83.5% year-over-year).
- 2019: Revenue of $181K, expenses of $179K, and assets of $61K (revenue +4.0% year-over-year).
- 2018: Revenue of $174K, expenses of $168K, and assets of $59K (revenue +5.9% year-over-year).
- 2017: Revenue of $164K, expenses of $156K, and assets of $52K (revenue -7.8% year-over-year).
- 2016: Revenue of $178K, expenses of $177K, and assets of $44K (revenue +47.7% year-over-year).
- 2015: Revenue of $121K, expenses of $122K, and assets of $43K (revenue -0.9% year-over-year).
- 2014: Revenue of $122K, expenses of $100K, and assets of $44K (revenue +13.4% year-over-year).
- 2013: Revenue of $107K, expenses of $104K, and assets of $22K (revenue +18.3% year-over-year).
- 2012: Revenue of $91K, expenses of $98K, and assets of $18K (revenue -12.7% year-over-year).
- 2011: Revenue of $104K, expenses of $106K, and assets of $25K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Winona Steamboat Days Festival Association:
Data Sources and Methodology
This transparency report for Winona Steamboat Days Festival 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.