Is Sheridan Health Center Inc Legit? —…

Spending Breakdown

How Sheridan Health Center Inc allocates its funds across programs, administration, and fundraising.

80%

Program Spending

Healthy — majority goes to mission

15%

Admin Costs

Reasonable — admin costs in check

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 Sheridan Health Center Inc

Is Sheridan Health Center Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Sheridan Health Center Inc (EIN: 201389307) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.

Is Sheridan Health Center Inc a good charity to donate to?

Sheridan Health Center Inc has a Mission Score of 65/100. Revenue: $50K. Assets: $23K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Sheridan Health Center Inc?

The Employer Identification Number (EIN) for Sheridan Health Center Inc is 201389307. 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 Sheridan Health Center Inc spend its money?

Sheridan Health Center Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Sheridan Health Center Inc's tax-exempt status?

You can verify Sheridan Health Center Inc's tax-exempt status using EIN 201389307 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

Sheridan Health Center Inc. demonstrates a fluctuating financial picture over the past decade. While the organization experienced significant growth in revenue and expenses, particularly between 2017 and 2022, it has also shown periods of operating deficits. For instance, in 2022, expenses of $718,240 exceeded revenue of $692,405, indicating a net loss for that period. Similarly, in 2021, expenses of $806,587 significantly outpaced revenue of $648,133. This trend of spending more than it earns in recent years could raise concerns about long-term sustainability if not addressed.

The organization's assets have also seen considerable fluctuation, peaking around $269,944 in 2015 and then declining to $69,778 by 2022. The latest reported revenue of $49,548 and assets of $22,852 suggest a much smaller operational scale compared to previous years, which warrants further investigation into the reasons for this sharp decline. The consistent reporting of 0% officer compensation across all filings indicates a commitment to minimizing administrative overhead in this area, which is a positive sign for donor confidence.

Overall, while the lack of officer compensation is a strength, the recent financial performance, particularly the consistent operating deficits and the dramatic drop in reported revenue and assets in the latest period, suggests potential financial instability. A deeper dive into the specific allocation of expenses (program vs. administrative vs. fundraising) would be necessary to fully assess spending efficiency, as this data is not provided in the summary.

Is Sheridan Health Center Inc Legit?

Verdict: Sheridan Health Center Inc shows mixed signals

Red Flags

Strengths