Wolcott Sports Complex Inc
Wolcott Sports Complex Inc. experiences dramatic asset decline and operational deficits.
EIN: 200177844 · Wolcott, CT · NTEE: N30 · Updated: 2026-03-28
Is Wolcott Sports Complex Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Wolcott Sports Complex Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Wolcott Sports Complex Inc
Wolcott Sports Complex Inc (EIN: 200177844) is a nonprofit organization based in Wolcott, CT, classified under NTEE code N30. The organization reported total revenue of $279K and total assets of $10K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wolcott Sports Complex Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wolcott Sports Complex Inc is a small nonprofit that has been operating for 22 years, with 4 years of IRS 990 filings on record (2011–2018). Revenue has grown at a compound annual rate of -11.8%.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
| Total Revenue | $21K |
| Total Expenses | $24K |
| Surplus / Deficit | $-2,660 |
| Total Assets | $10K |
| Total Liabilities | $10K |
| Net Assets | $814 |
| Operating Margin | -12.7% |
| Debt-to-Asset Ratio | 92.2% |
| Months of Reserves | 5.3 months |
Financial Health Grade: C
In 2018, Wolcott Sports Complex Inc reported a deficit of $3K with expenses exceeding revenue, holds 5.3 months of operating reserves (adequate), has a debt-to-asset ratio of 92.2% (high leverage).
Financial Trends
Over 4 years of filings (2011–2018), Wolcott Sports Complex Inc's revenue has declined at a compound annual growth rate (CAGR) of -11.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2018 | -13.8% | -26.4% | -99.3% |
| 2013 | +1.5% | +7.0% | -0.5% |
| 2012 | -52.6% | +21.2% | -0.5% |
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 Wolcott Sports Complex Inc with a Mission Score of 40 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Wolcott Sports Complex Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $3K, with expenses exceeding revenue.
- Debt-to-asset ratio: 92.2%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating a volunteer-led organization, which is commendable for a nonprofit of this size with fluctuating revenues.
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 Wolcott Sports Complex Inc's IRS 990 filings:
- Dramatic decline in assets from over $1.4 million to $10,489 between 2013 and 2018.
- Consistent operational deficits where expenses exceed revenue in multiple reported periods.
- Significant volatility and low revenue generation in most reported periods.
- Discrepancy between 'Latest Revenue' and figures in provided filing history, indicating potential lack of up-to-date public data or a recent, unverified surge.
Strengths
The following positive indicators were identified for Wolcott Sports Complex Inc:
- 0% officer compensation across all reported periods, indicating volunteer leadership.
- Long operational history with multiple IRS 990 filings available.
Frequently Asked Questions about Wolcott Sports Complex Inc
Is Wolcott Sports Complex Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Wolcott Sports Complex Inc (EIN: 200177844) significant concerns. Mission Score: 40/100. 4 red flags identified, 2 strengths noted.
How does Wolcott Sports Complex Inc spend its money?
Wolcott Sports Complex Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Wolcott Sports Complex Inc tax-deductible?
Wolcott Sports Complex Inc is registered as a tax-exempt nonprofit (EIN: 200177844). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What caused the dramatic decrease in assets from $1,490,564 in 2013 to $10,489 in 2018?
The provided data does not specify the reason for this significant asset reduction, but it is a critical area for further inquiry into the organization's financial management and potential divestments or losses.
Why does the 'Latest Revenue' of $278,952 not appear in the provided IRS 990 filing history?
The discrepancy suggests that the 'Latest Revenue' figure might pertain to a more recent filing period not included in the provided history, or it could be an unaudited internal figure. Further investigation into the most recent 990 filing is needed.
How does the organization plan to address its consistent operational deficits, where expenses frequently exceed revenue?
The filings show expenses exceeding revenue in multiple periods (e.g., 2018, 2013, 2012), indicating an unsustainable financial model without additional funding or cost reductions.
Filing History
IRS 990 filing history for Wolcott Sports Complex Inc showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2011–2018), Wolcott Sports Complex Inc's revenue has declined by 58.5%, moving from $51K to $21K. Total assets decreased by 99.3% over the same period, from $1.5M to $10K. Total functional expenses fell by 4.5%, from $25K to $24K. In its most recent filing year (2018), Wolcott Sports Complex Inc reported a deficit of $3K, with expenses exceeding revenue. The organization holds $10K in liabilities against $10K in assets (debt-to-asset ratio: 92.2%), resulting in net assets of $814.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2018 | $21K | $24K | $10K | $10K | — | View 990 |
| 2013 | $24K | $32K | $1.5M | $0 | — | View 990 |
| 2012 | $24K | $30K | $1.5M | $0 | — | View 990 |
| 2011 | $51K | $25K | $1.5M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2018: Revenue of $21K, expenses of $24K, and assets of $10K (revenue -13.8% year-over-year).
- 2013: Revenue of $24K, expenses of $32K, and assets of $1.5M (revenue +1.5% year-over-year).
- 2012: Revenue of $24K, expenses of $30K, and assets of $1.5M (revenue -52.6% year-over-year).
- 2011: Revenue of $51K, expenses of $25K, and assets of $1.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wolcott Sports Complex Inc:
Data Sources and Methodology
This transparency report for Wolcott Sports Complex 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.