Cazenovia Restoration Corporation
Cazenovia Restoration Corporation faces severe financial distress with declining assets and persistent revenue shortfalls.
EIN: 161577006 · Westerly, RI · NTEE: T23 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $17K |
| Total Expenses | $252K |
| Program Spending | 60% |
| Net Assets | $298K |
| Transparency Score | 35/100 |
Is Cazenovia Restoration Corporation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Cazenovia Restoration Corporation directs 60% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Cazenovia Restoration Corporation
Cazenovia Restoration Corporation (EIN: 161577006) is a nonprofit organization based in Westerly, RI, classified under NTEE code T23. The organization reported total revenue of $17K and total assets of $10K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cazenovia Restoration Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cazenovia Restoration Corporation is a micro nonprofit that has been operating for 26 years, with 7 years of IRS 990 filings on record (2011–2020). Revenue has grown at a compound annual rate of -47.9%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $162 |
| Total Expenses | $252K |
| Surplus / Deficit | $-251,971 |
| Total Assets | $298K |
| Total Liabilities | $1 |
| Net Assets | $298K |
| Operating Margin | -155537.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 14.2 months |
Financial Health Grade: B
In 2020, Cazenovia Restoration Corporation reported a deficit of $252K with expenses exceeding revenue, holds 14.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 7 years of filings (2011–2020), Cazenovia Restoration Corporation's revenue has declined at a compound annual growth rate (CAGR) of -47.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2015 | -112.5% | -25.6% | -4.1% |
| 2014 | +94.8% | -2.2% | -0.1% |
| 2013 | -49.7% | -26.1% | -0.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2000 |
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 Cazenovia Restoration Corporation with a Mission Score of 35 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 30%
- programs: 60%
- fundraising: 10%
According to IRS 990 filings, Cazenovia Restoration Corporation allocates its expenses as follows: admin: 30%, programs: 60%, fundraising: 10%. Approximately 60% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $252K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are not drawing salaries, which is a positive sign for a small organization with financial challenges.
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 Cazenovia Restoration Corporation's IRS 990 filings:
- Consistent negative or extremely low revenue, such as -$306,121 in 2019 and $162 in 2020.
- Dramatic decline in assets from over $1.8 million in 2014 to $9,756 currently.
- Expenses consistently far exceeding reported revenue, e.g., $252,133 in expenses vs. $162 in revenue in 2020.
- Unclear financial sustainability given the long-term operational deficits.
Strengths
The following positive indicators were identified for Cazenovia Restoration Corporation:
- 0% officer compensation reported across all filings, indicating no executive salaries are being paid.
- Low reported liabilities ($1 in 2020), suggesting minimal debt burden.
Frequently Asked Questions about Cazenovia Restoration Corporation
Is Cazenovia Restoration Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Cazenovia Restoration Corporation (EIN: 161577006) significant concerns. Mission Score: 35/100. 4 red flags identified, 2 strengths noted.
How does Cazenovia Restoration Corporation spend its money?
Cazenovia Restoration Corporation directs 60% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Cazenovia Restoration Corporation tax-deductible?
Cazenovia Restoration Corporation is registered as a tax-exempt nonprofit (EIN: 161577006). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Cazenovia Restoration Corporation's spending goes to programs?
Cazenovia Restoration Corporation directs 60% to programs, 10% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
How does Cazenovia Restoration Corporation compare to similar nonprofits?
With a transparency score of 35/100 (Poor), Cazenovia Restoration Corporation is below average for NTEE category T23 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Cazenovia Restoration Corporation located?
Cazenovia Restoration Corporation is headquartered in Westerly, Rhode Island and files with the IRS under EIN 161577006. It is classified under NTEE code T23.
How many years of IRS 990 filings does Cazenovia Restoration Corporation have?
Cazenovia Restoration Corporation has 7 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 $17K in total revenue.
What caused the dramatic decline in assets from over $1.8 million to under $10,000?
The provided data shows a sharp decrease in assets from $1,856,765 in 2014 to $9,756 currently, with a significant drop between 2019 ($550,129) and 2020 ($298,158), and then to the current low. The filings do not specify the reasons for this asset depletion.
How is the organization funding its operations given consistent negative or extremely low revenue?
In periods like 2019, revenue was -$306,121, and in 2020, it was $162, while expenses were $12,592 and $252,133 respectively. This suggests a reliance on other funding sources not categorized as 'revenue' in the provided summary, or a significant draw-down on reserves, which is unsustainable.
What are the specific programs Cazenovia Restoration Corporation is undertaking?
The NTEE code T23 indicates 'Historic Preservation & Historical Societies', but the financial data does not provide details on specific program activities or their associated costs.
Is the organization at risk of insolvency?
With current assets of $9,756 and liabilities of $1 (in 2020), the organization's balance sheet appears extremely weak, especially considering its history of significant expenses. The consistent revenue shortfalls and asset depletion point to a high risk of insolvency if current trends continue.
Filing History
IRS 990 filing history for Cazenovia Restoration Corporation showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2011–2020), Cazenovia Restoration Corporation's revenue has declined by 99.7%, moving from $57K to $162. Total assets decreased by 84% over the same period, from $1.9M to $298K. Total functional expenses rose by 141%, from $105K to $252K. In its most recent filing year (2020), Cazenovia Restoration Corporation reported a deficit of $252K, with expenses exceeding revenue. The organization holds $1 in liabilities against $298K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $298K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $162 | $252K | $298K | $1 | — | — |
| 2019 | $-306,121 | $13K | $550K | $1 | — | — |
| 2015 | $-10,001 | $56K | $1.8M | $2K | — | View 990 |
| 2014 | $80K | $75K | $1.9M | $2K | — | View 990 |
| 2013 | $41K | $77K | $1.9M | $2K | — | View 990 |
| 2012 | $81K | $104K | $1.9M | $2K | — | View 990 |
| 2011 | $57K | $105K | $1.9M | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $162, expenses of $252K, and assets of $298K.
- 2019: Revenue of $-306,121, expenses of $13K, and assets of $550K.
- 2015: Revenue of $-10,001, expenses of $56K, and assets of $1.8M (revenue -112.5% year-over-year).
- 2014: Revenue of $80K, expenses of $75K, and assets of $1.9M (revenue +94.8% year-over-year).
- 2013: Revenue of $41K, expenses of $77K, and assets of $1.9M (revenue -49.7% year-over-year).
- 2012: Revenue of $81K, expenses of $104K, and assets of $1.9M (revenue +42.9% year-over-year).
- 2011: Revenue of $57K, expenses of $105K, and assets of $1.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cazenovia Restoration Corporation:
Data Sources and Methodology
This transparency report for Cazenovia Restoration Corporation 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.