Team Colorado Whitewater Racing Club Inc
Nonprofit profile at a glance
- EIN
- 461360668
- IRS 990-EZ coverage
- 2013–2024
- Forms available
- Form 990-EZ 2024
- Location
- Boulder, CO, USA
- Phone
- 3037723078
- Rating
- 87
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Swimming & Other Water Recreation
Reported finances
- Revenue
- $51,117
- Expenses
- $81,449
- Assets
- $111,773
- Liabilities
- $89
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- LAURA BOHN (President)
People named in this filing
- LAURA BOHN (President)
- MATT SPENCER (Treasurer)
- NICK SUTCLIFFE (Secretary)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Team Colorado Whitewater Racing Team (TCWR) is a Colorado non-profit corporation that was established in 2012 to foster and improve competitiveness of paddlers in the State of Colorado and neighboring states in national and international whitewater racing and freestyle competitions. TCWR will work directly and with existing whitewater racing clubs, schools and other organizations in Colorado (and perhaps neighboring states) to improve training in competitive whitewater disciplines, hold and support races and events, broaden the reach of whitewater competitions to more youth and young adults, enhance access to hard-to-obtain racing boats, and provide financial and coaching support for racers and freestyle paddlers in national and international competition (including grants to enable travel to elsewhere in the United States, Europe, and other venues for critical competitions).
What it reported doing in 2024
TCWR sponsored or co-sponsored and helped judge and time regional races. Racers were charged an entry fee to participate in the race.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 100
- Transparency & Controls: 82
- Sustainability: 32
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -59.3%; rating input score 11; 11th percentile among comparable filings
- Total-asset coverage ratio: 1.37; rating input score 55; 55th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 35; 35th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 0.1% per year; rating input score 100; 48th percentile among comparable filings
- Revenue growth: -0.3% per year; rating input score 0; 50th percentile among comparable filings
- Asset growth: 12.5% per year; rating input score 100; 77th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $81K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 2 filed schedules
- Filing history: 12 filing years from 2013 to 2024
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 11/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Sustainability: Total-asset coverage ratio scored 55/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 35/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.