Expenses exceeded revenue in the latest fiscal period (2023), resulting in a deficit of $11,702.
Significant increase in liabilities from $129,714 in 2022 to $696,862 in 2023, which could indicate increased debt burden.
Strengths
Consistent reporting of 0% officer compensation, demonstrating strong commitment to mission-focused spending.
Significant asset growth from $274,205 in 2022 to $829,651 in 2023, potentially indicating investment in program capacity.
Generally stable financial history with revenues often exceeding expenses in prior years.
Long filing history (13 filings) indicates consistent compliance and transparency.
Spending Breakdown
How Salida Senior Daycare Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Salida Senior Daycare Inc
Is Salida Senior Daycare Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Salida Senior Daycare Inc (EIN: 205946923) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Salida Senior Daycare Inc a good charity to donate to?
Salida Senior Daycare Inc has a Mission Score of 85/100. Revenue: $189K. Assets: $824K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Salida Senior Daycare Inc?
The Employer Identification Number (EIN) for Salida Senior Daycare Inc is 205946923. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Salida Senior Daycare Inc spend its money?
Salida Senior Daycare Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Salida Senior Daycare Inc's tax-exempt status?
You can verify Salida Senior Daycare Inc's tax-exempt status using EIN 205946923 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Salida Senior Daycare Inc demonstrates a generally stable financial trajectory, with revenues consistently covering expenses in most recent years. For instance, in 2022, revenue of $140,516 exceeded expenses of $130,491, indicating sound operational management. However, the most recent filing (2023) shows expenses of $149,229 slightly exceeding revenue of $137,527, resulting in a net deficit for that period. This warrants monitoring to ensure it's an anomaly rather than a trend.
The organization's asset growth is notable, particularly the jump from $274,205 in 2022 to $829,651 in 2023, alongside a significant increase in liabilities from $129,714 to $696,862 in the same period. This suggests a substantial capital investment or acquisition, likely for facilities or major equipment, which could be beneficial for long-term program delivery but also introduces increased financial obligations. The consistent reporting of 0% officer compensation across all filings indicates a strong commitment to directing funds towards the mission rather than executive salaries, enhancing its spending efficiency and transparency.
Overall, while the recent deficit and increased liabilities require attention, the historical financial stability, asset growth, and lack of executive compensation suggest a well-managed organization focused on its mission. The significant asset increase, if tied to program infrastructure, could greatly enhance its capacity to serve the Salida community.