Worthington Okabena Windsurfers Inc
Worthington Okabena Windsurfers Inc consistently operates with a surplus and no executive compensation.
EIN: 10747599 · Worthington, MN · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $127K |
| Total Expenses | $122K |
| Program Spending | 90% |
| Net Assets | $54K |
| Transparency Score | 95/100 |
Is Worthington Okabena Windsurfers Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Worthington Okabena Windsurfers Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Worthington Okabena Windsurfers Inc
Worthington Okabena Windsurfers Inc (EIN: 10747599) is a nonprofit organization based in Worthington, MN, classified under NTEE code T20. The organization reported total revenue of $127K and total assets of $50K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Worthington Okabena Windsurfers Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Worthington Okabena Windsurfers Inc is a small nonprofit that has been operating for 24 years, with 9 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $127K |
| Total Expenses | $122K |
| Surplus / Deficit | +$5K |
| Total Assets | $54K |
| Net Assets | $54K |
| Operating Margin | 4.0% |
| Months of Reserves | 5.3 months |
Financial Health Grade: A
In 2023, Worthington Okabena Windsurfers Inc reported a surplus of $5K with revenue exceeding expenses, holds 5.3 months of operating reserves (adequate).
Financial Trends
Over 9 years of filings (2011–2023), Worthington Okabena Windsurfers Inc's revenue has grown at a compound annual growth rate (CAGR) of 11.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -8.8% | +3.8% | +10.4% |
| 2022 | +47.4% | +21.2% | +79.7% |
| 2021 | +276.6% | +1267.8% | -8.1% |
| 2020 | -73.1% | -93.7% | +152.8% |
| 2019 | -0.6% | +33.7% | -61.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| 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 Worthington Okabena Windsurfers Inc with a Mission Score of 95 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: 90%
- fundraising: 0%
According to IRS 990 filings, Worthington Okabena Windsurfers Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 $5K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization reports 0% officer compensation across all nine available filings, indicating a volunteer-led structure where no executives are paid, which is highly efficient for a nonprofit of this size.
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 Worthington Okabena Windsurfers Inc:
- Consistent revenue exceeding expenses, leading to asset growth (e.g., 2023 revenue $126,695 vs. expenses $121,584).
- Zero reported officer compensation across all filings, indicating volunteer leadership and high efficiency.
- No reported liabilities in recent years, demonstrating strong financial health and stability.
- Steady growth in assets from $9,445 in 2011 to $54,178 in 2023.
- High program spending efficiency due to minimal administrative and fundraising overhead.
Frequently Asked Questions about Worthington Okabena Windsurfers Inc
Is Worthington Okabena Windsurfers Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Worthington Okabena Windsurfers Inc (EIN: 10747599) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Worthington Okabena Windsurfers Inc spend its money?
Worthington Okabena Windsurfers Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Worthington Okabena Windsurfers Inc tax-deductible?
Worthington Okabena Windsurfers Inc is registered as a tax-exempt nonprofit (EIN: 10747599). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Worthington Okabena Windsurfers Inc compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Worthington Okabena Windsurfers Inc is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Worthington Okabena Windsurfers Inc located?
Worthington Okabena Windsurfers Inc is headquartered in Worthington, Minnesota and files with the IRS under EIN 10747599. It is classified under NTEE code T20.
How many years of IRS 990 filings does Worthington Okabena Windsurfers Inc have?
Worthington Okabena Windsurfers Inc has 9 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 $127K in total revenue.
Is Worthington Okabena Windsurfers Inc a good charity?
Based on its financial data, Worthington Okabena Windsurfers Inc appears to be a very good charity. It consistently operates with a surplus, has growing assets, no liabilities, and reports no officer compensation, indicating high efficiency and a strong commitment to its mission.
How does the organization manage its expenses?
The organization consistently manages its expenses below its revenue, as seen in 2023 ($121,584 expenses vs. $126,695 revenue) and 2022 ($117,142 expenses vs. $138,904 revenue). This disciplined approach allows for asset growth and financial stability.
What is the trend in the organization's assets?
The organization's assets have shown a strong upward trend, growing from $9,445 in 2011 to $54,178 in 2023, indicating effective financial management and accumulation of resources over time.
Does the organization have any debt?
No, the organization has reported $0 in liabilities for its most recent filings (2023, 2022, 2021, 2020, 2019, 2018), indicating a debt-free operation.
Filing History
IRS 990 filing history for Worthington Okabena Windsurfers Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2023), Worthington Okabena Windsurfers Inc's revenue has grown by 261.2%, moving from $35K to $127K. Total assets increased by 473.6% over the same period, from $9K to $54K. Total functional expenses rose by 244.6%, from $35K to $122K. In its most recent filing year (2023), Worthington Okabena Windsurfers Inc reported a surplus of $5K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $127K | $122K | $54K | $0 | — | View 990 |
| 2022 | $139K | $117K | $49K | $0 | — | View 990 |
| 2021 | $94K | $97K | $27K | $0 | — | View 990 |
| 2020 | $25K | $7K | $30K | $0 | — | — |
| 2019 | $93K | $112K | $12K | $0 | — | View 990 |
| 2018 | $94K | $83K | $30K | $0 | — | View 990 |
| 2017 | $83K | $73K | $22K | $2K | — | View 990 |
| 2016 | $69K | $59K | $11K | $600 | — | View 990 |
| 2011 | $35K | $35K | $9K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $127K, expenses of $122K, and assets of $54K (revenue -8.8% year-over-year).
- 2022: Revenue of $139K, expenses of $117K, and assets of $49K (revenue +47.4% year-over-year).
- 2021: Revenue of $94K, expenses of $97K, and assets of $27K (revenue +276.6% year-over-year).
- 2020: Revenue of $25K, expenses of $7K, and assets of $30K (revenue -73.1% year-over-year).
- 2019: Revenue of $93K, expenses of $112K, and assets of $12K (revenue -0.6% year-over-year).
- 2018: Revenue of $94K, expenses of $83K, and assets of $30K (revenue +12.3% year-over-year).
- 2017: Revenue of $83K, expenses of $73K, and assets of $22K (revenue +20.7% year-over-year).
- 2016: Revenue of $69K, expenses of $59K, and assets of $11K (revenue +96.9% year-over-year).
- 2011: Revenue of $35K, expenses of $35K, and assets of $9K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Worthington Okabena Windsurfers Inc:
Data Sources and Methodology
This transparency report for Worthington Okabena Windsurfers 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.