Aztex Homes For Ederly Inc
Aztex Homes For Elderly Inc. consistently operates at a deficit with growing liabilities exceeding assets.
EIN: 208362446 · Morristown, TN · NTEE: L21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $79K |
| Total Expenses | $115K |
| Program Spending | 70% |
| Net Assets | $-335,649 |
| Transparency Score | 45/100 |
Is Aztex Homes For Ederly Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Aztex Homes For Ederly Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Aztex Homes For Ederly Inc
Aztex Homes For Ederly Inc (EIN: 208362446) is a nonprofit organization based in Morristown, TN, classified under NTEE code L21. The organization reported total revenue of $79K and total assets of $764K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Aztex Homes For Ederly Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Aztex Homes For Ederly Inc is a micro nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $76K |
| Total Expenses | $115K |
| Surplus / Deficit | $-38,866 |
| Total Assets | $816K |
| Total Liabilities | $1.2M |
| Net Assets | $-335,649 |
| Operating Margin | -51.0% |
| Debt-to-Asset Ratio | 141.1% |
| Months of Reserves | 85.1 months |
Financial Health Grade: C
In 2023, Aztex Homes For Ederly Inc reported a deficit of $39K with expenses exceeding revenue, holds 85.1 months of operating reserves (strong position), has a debt-to-asset ratio of 141.1% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Aztex Homes For Ederly Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.5% | +9.2% | -4.1% |
| 2022 | -4.7% | +8.3% | -3.4% |
| 2021 | +4.5% | +4.0% | -2.2% |
| 2020 | +1.7% | -1.5% | -2.5% |
| 2019 | +15.3% | -1.5% | -2.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Aztex Homes For Ederly Inc with a Mission Score of 45 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Aztex Homes For Ederly Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $39K, with expenses exceeding revenue.
- Debt-to-asset ratio: 141.1%.
Executive Compensation Analysis
No officer compensation has been reported in any of the available filings, suggesting that executive leadership may be entirely volunteer-based or compensated through non-officer roles, which could be a positive for resource allocation but also warrants further investigation for full transparency.
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 Aztex Homes For Ederly Inc's IRS 990 filings:
- Consistent operational deficits: Expenses have exceeded revenue in every reported period, indicating unsustainable financial operations.
- Negative net assets: Liabilities consistently outweigh assets, reaching $1,151,715 in liabilities against $816,066 in assets in 202309, signaling financial instability.
- Declining assets: Total assets have steadily decreased from $1,057,757 in 201409 to $816,066 in 202309, suggesting assets are being used to cover deficits.
- Increasing liabilities: Liabilities have generally increased over the decade, from $1,142,657 in 201409 to $1,151,715 in 202309, exacerbating the negative net asset position.
Strengths
The following positive indicators were identified for Aztex Homes For Ederly Inc:
- Consistent IRS 990 filings: The organization has a history of regular financial reporting, indicating a commitment to compliance.
- No reported officer compensation: The absence of reported officer compensation suggests a potentially volunteer-driven leadership, which can be a positive for resource allocation.
Frequently Asked Questions about Aztex Homes For Ederly Inc
Is Aztex Homes For Ederly Inc a legitimate charity?
Aztex Homes For Ederly Inc (EIN: 208362446) is a registered tax-exempt nonprofit based in Tennessee. Our AI analysis gives it a Mission Score of 45/100. It has 13 years of IRS 990 filings on record. Total revenue: $79K. 4 red flags identified. 2 strengths noted. Financial health grade: C.
How does Aztex Homes For Ederly Inc spend its money?
Aztex Homes For Ederly Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Aztex Homes For Ederly Inc tax-deductible?
Aztex Homes For Ederly Inc is registered as a tax-exempt nonprofit (EIN: 208362446). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Aztex Homes For Ederly Inc's spending goes to programs?
Aztex Homes For Ederly Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Aztex Homes For Ederly Inc compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Aztex Homes For Ederly Inc is near average for NTEE category L21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Aztex Homes For Ederly Inc located?
Aztex Homes For Ederly Inc is headquartered in Morristown, Tennessee and files with the IRS under EIN 208362446. It is classified under NTEE code L21.
How many years of IRS 990 filings does Aztex Homes For Ederly Inc have?
Aztex Homes For Ederly Inc has 13 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 $79K in total revenue.
How does Aztex Homes For Elderly Inc. cover its consistent operational deficits?
The organization consistently reports expenses exceeding revenue, with a $38,866 deficit in 202309. This suggests reliance on drawing down assets, increasing liabilities, or other non-operating income sources not detailed in the provided data.
What is the long-term plan to address the growing liabilities?
Liabilities have consistently exceeded assets, reaching $1,151,715 against $816,066 in 202309. This indicates a significant financial challenge that needs a clear strategy for resolution to ensure long-term viability.
What are the specific categories of expenses that constitute the majority of the organization's spending?
Without a detailed breakdown of expenses beyond total figures, it's unclear how much is allocated to direct program services versus administrative or other costs. This information is crucial for assessing spending efficiency.
Filing History
IRS 990 filing history for Aztex Homes For Ederly Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Aztex Homes For Ederly Inc's revenue has grown by 46.9%, moving from $52K to $76K. Total assets decreased by 27.8% over the same period, from $1.1M to $816K. Total functional expenses rose by 53.5%, from $75K to $115K. In its most recent filing year (2023), Aztex Homes For Ederly Inc reported a deficit of $39K, with expenses exceeding revenue. The organization holds $1.2M in liabilities against $816K in assets (debt-to-asset ratio: 141.1%), resulting in net assets of $-335,649.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $76K | $115K | $816K | $1.2M | — | View 990 |
| 2022 | $72K | $105K | $851K | $1.1M | — | — |
| 2021 | $76K | $97K | $881K | $1.1M | — | — |
| 2020 | $73K | $94K | $901K | $1.1M | — | View 990 |
| 2019 | $71K | $95K | $924K | $1.1M | — | View 990 |
| 2018 | $62K | $97K | $951K | $1.1M | — | View 990 |
| 2017 | $60K | $86K | $979K | $1.1M | — | View 990 |
| 2016 | $59K | $86K | $1.0M | $1.1M | — | View 990 |
| 2015 | $59K | $84K | $1.0M | $1.1M | — | View 990 |
| 2014 | $56K | $80K | $1.1M | $1.1M | — | View 990 |
| 2013 | $52K | $78K | $1.1M | $1.1M | — | View 990 |
| 2012 | $53K | $75K | $1.1M | $1.1M | — | View 990 |
| 2011 | $52K | $75K | $1.1M | $1.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $76K, expenses of $115K, and assets of $816K (revenue +5.5% year-over-year).
- 2022: Revenue of $72K, expenses of $105K, and assets of $851K (revenue -4.7% year-over-year).
- 2021: Revenue of $76K, expenses of $97K, and assets of $881K (revenue +4.5% year-over-year).
- 2020: Revenue of $73K, expenses of $94K, and assets of $901K (revenue +1.7% year-over-year).
- 2019: Revenue of $71K, expenses of $95K, and assets of $924K (revenue +15.3% year-over-year).
- 2018: Revenue of $62K, expenses of $97K, and assets of $951K (revenue +2.3% year-over-year).
- 2017: Revenue of $60K, expenses of $86K, and assets of $979K (revenue +2.5% year-over-year).
- 2016: Revenue of $59K, expenses of $86K, and assets of $1.0M (revenue -0.4% year-over-year).
- 2015: Revenue of $59K, expenses of $84K, and assets of $1.0M (revenue +5.9% year-over-year).
- 2014: Revenue of $56K, expenses of $80K, and assets of $1.1M (revenue +7.1% year-over-year).
- 2013: Revenue of $52K, expenses of $78K, and assets of $1.1M (revenue -1.2% year-over-year).
- 2012: Revenue of $53K, expenses of $75K, and assets of $1.1M (revenue +1.8% year-over-year).
- 2011: Revenue of $52K, expenses of $75K, and assets of $1.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Aztex Homes For Ederly Inc:
Data Sources and Methodology
This transparency report for Aztex Homes For Ederly 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.