Wta Tour Inc
Wta Tour Inc faces financial instability with liabilities consistently exceeding assets in recent years.
EIN: 133792400 · St Petersburg, FL · Updated: 2026-03-28
Is Wta Tour Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Wta Tour Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Wta Tour Inc
Wta Tour Inc (EIN: 133792400) is a nonprofit organization based in St Petersburg, FL. The organization reported total revenue of $142.6M and total assets of $119.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wta Tour Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wta Tour Inc is a major nonprofit, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 5.8%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $114.0M |
| Total Expenses | $110.3M |
| Surplus / Deficit | +$3.8M |
| Total Assets | $114.3M |
| Total Liabilities | $140.3M |
| Net Assets | $-26,004,880 |
| Operating Margin | 3.3% |
| Debt-to-Asset Ratio | 122.8% |
| Months of Reserves | 12.4 months |
Financial Health Grade: A
In 2022, Wta Tour Inc reported a surplus of $3.8M with revenue exceeding expenses, holds 12.4 months of operating reserves (strong position), has a debt-to-asset ratio of 122.8% (high leverage).
Financial Trends
Over 12 years of filings (2011–2022), Wta Tour Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +29.8% | +7.1% | +25.6% |
| 2021 | +133.2% | +90.1% | -8.0% |
| 2020 | -65.7% | -51.1% | -4.8% |
| 2019 | +7.0% | +5.6% | +31.2% |
| 2018 | -1.6% | +7.0% | +5.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
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 Wta Tour Inc with a Mission Score of 55 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Wta Tour Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $3.8M, with revenue exceeding expenses.
- Debt-to-asset ratio: 122.8%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size with revenues exceeding $100 million in most years. This either indicates a unique compensation structure where executives are not compensated directly as officers, or a high degree of transparency if indeed no officers receive compensation.
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 Wta Tour Inc's IRS 990 filings:
- Consistent negative net assets (liabilities exceeding assets) in recent years (e.g., 2022, 2021, 2020).
- Expenses frequently close to or exceeding revenue, indicating tight operating margins (e.g., 2021 expenses $102.9M vs revenue $87.8M).
- Unusually low or 0% reported officer compensation for a large organization, which may obscure actual executive pay.
- Significant revenue volatility, as seen with the sharp drop in 2020, indicating potential vulnerability to external factors.
Strengths
The following positive indicators were identified for Wta Tour Inc:
- Substantial and growing revenue base, with latest revenue at $142,619,279.
- Significant asset base, reaching $119,193,852 in the latest period, despite liabilities.
- Long filing history (12 filings), indicating established operations and compliance.
- Demonstrated ability to recover revenue post-2020 dip, showing resilience.
Frequently Asked Questions about Wta Tour Inc
Is Wta Tour Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Wta Tour Inc (EIN: 133792400) some concerns. Mission Score: 55/100. 4 red flags identified, 4 strengths noted.
How does Wta Tour Inc spend its money?
Wta Tour Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Wta Tour Inc tax-deductible?
Wta Tour Inc is registered as a tax-exempt nonprofit (EIN: 133792400). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Why do liabilities consistently exceed assets for Wta Tour Inc?
The filings show that in 2022, liabilities were $140,256,768 against assets of $114,251,888. This trend of liabilities exceeding assets is also observed in 2021 and 2020, indicating a negative net asset position that warrants further investigation into the organization's financial structure and long-term solvency.
How does Wta Tour Inc manage to operate with negative net assets?
Operating with negative net assets suggests that the organization may be relying on short-term financing, deferred revenue, or other liabilities to fund its operations. A deeper dive into the balance sheet and cash flow statements would be necessary to understand the specific mechanisms.
What is the true executive compensation structure given the 0% officer compensation reported?
The consistent reporting of 0% officer compensation for an organization with over $100 million in revenue is highly unusual. It suggests that executive compensation might be paid through related entities, as contractor fees, or that the organization truly has no compensated officers, which would be an outlier for its scale.
What caused the significant revenue drop in 2020?
Revenue dropped from $109,733,686 in 2019 to $37,666,082 in 2020. This substantial decrease likely reflects the impact of the COVID-19 pandemic on sports events and related revenue streams, given the nature of the organization.
What are the specific program, administrative, and fundraising expenses?
The provided summary data does not break down expenses into program, administrative, and fundraising categories. This information is crucial for assessing the organization's spending efficiency and how effectively it allocates resources towards its mission.
Filing History
IRS 990 filing history for Wta Tour Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Wta Tour Inc's revenue has grown by 86%, moving from $61.3M to $114.0M. Total assets increased by 125.5% over the same period, from $50.7M to $114.3M. Total functional expenses rose by 92.2%, from $57.4M to $110.3M. In its most recent filing year (2022), Wta Tour Inc reported a surplus of $3.8M, with revenue exceeding expenses. The organization holds $140.3M in liabilities against $114.3M in assets (debt-to-asset ratio: 122.8%), resulting in net assets of $-26,004,880.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $114.0M | $110.3M | $114.3M | $140.3M | — | View 990 |
| 2021 | $87.8M | $103.0M | $91.0M | $115.0M | — | View 990 |
| 2020 | $37.7M | $54.2M | $98.9M | $106.6M | — | View 990 |
| 2019 | $109.7M | $110.8M | $103.9M | $96.6M | — | — |
| 2018 | $102.6M | $104.9M | $79.1M | $71.9M | — | View 990 |
| 2017 | $104.3M | $98.0M | $74.8M | $64.4M | — | View 990 |
| 2016 | $74.2M | $68.1M | $81.5M | $76.5M | — | View 990 |
| 2015 | $72.1M | $67.8M | $43.7M | $43.0M | — | View 990 |
| 2014 | $69.7M | $65.0M | $43.2M | $45.1M | — | View 990 |
| 2013 | $63.3M | $60.4M | $45.4M | $50.7M | — | View 990 |
| 2012 | $61.4M | $58.8M | $52.0M | $58.1M | — | View 990 |
| 2011 | $61.3M | $57.4M | $50.7M | $60.3M | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $114.0M, expenses of $110.3M, and assets of $114.3M (revenue +29.8% year-over-year).
- 2021: Revenue of $87.8M, expenses of $103.0M, and assets of $91.0M (revenue +133.2% year-over-year).
- 2020: Revenue of $37.7M, expenses of $54.2M, and assets of $98.9M (revenue -65.7% year-over-year).
- 2019: Revenue of $109.7M, expenses of $110.8M, and assets of $103.9M (revenue +7.0% year-over-year).
- 2018: Revenue of $102.6M, expenses of $104.9M, and assets of $79.1M (revenue -1.6% year-over-year).
- 2017: Revenue of $104.3M, expenses of $98.0M, and assets of $74.8M (revenue +40.4% year-over-year).
- 2016: Revenue of $74.2M, expenses of $68.1M, and assets of $81.5M (revenue +2.9% year-over-year).
- 2015: Revenue of $72.1M, expenses of $67.8M, and assets of $43.7M (revenue +3.5% year-over-year).
- 2014: Revenue of $69.7M, expenses of $65.0M, and assets of $43.2M (revenue +10.1% year-over-year).
- 2013: Revenue of $63.3M, expenses of $60.4M, and assets of $45.4M (revenue +3.1% year-over-year).
- 2012: Revenue of $61.4M, expenses of $58.8M, and assets of $52.0M (revenue +0.2% year-over-year).
- 2011: Revenue of $61.3M, expenses of $57.4M, and assets of $50.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wta Tour Inc:
Data Sources and Methodology
This transparency report for Wta Tour 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.