Centerstone Solutions Inc
Centerstone Solutions Inc. faces persistent deficits and declining assets, raising long-term financial sustainability concerns.
EIN: 201590169 · Nashville, TN · NTEE: Y200 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $751K |
| Total Expenses | $857K |
| Program Spending | 85% |
| Net Assets | $-75,325 |
| Transparency Score | 45/100 |
Is Centerstone Solutions Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Centerstone Solutions Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Centerstone Solutions Inc
Centerstone Solutions Inc (EIN: 201590169) is a nonprofit organization based in Nashville, TN, classified under NTEE code Y200. The organization reported total revenue of $751K and total assets of $95K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Centerstone Solutions Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Centerstone Solutions Inc is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -4.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $751K |
| Total Expenses | $857K |
| Surplus / Deficit | $-105,989 |
| Total Assets | $95K |
| Total Liabilities | $171K |
| Net Assets | $-75,325 |
| Operating Margin | -14.1% |
| Debt-to-Asset Ratio | 179.0% |
| Months of Reserves | 1.3 months |
Financial Health Grade: D
In 2023, Centerstone Solutions Inc reported a deficit of $106K with expenses exceeding revenue, holds 1.3 months of operating reserves (limited), has a debt-to-asset ratio of 179.0% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Centerstone Solutions Inc's revenue has declined at a compound annual growth rate (CAGR) of -4.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -5.2% | +14.0% | -48.7% |
| 2022 | -2.9% | -7.3% | -15.4% |
| 2021 | -8.0% | -5.2% | -31.3% |
| 2020 | -14.3% | -5.6% | -24.7% |
| 2019 | -5.9% | -9.4% | +45.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 2005 |
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 Centerstone Solutions 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Centerstone Solutions Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $106K, with expenses exceeding revenue.
- Debt-to-asset ratio: 179.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation directly from the organization, which is highly unusual for an organization of this size and suggests either volunteer leadership or compensation being reported under other expense categories.
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 Centerstone Solutions Inc's IRS 990 filings:
- Consistent operational deficits, with expenses exceeding revenue in multiple periods (e.g., $105,989 deficit in 202306).
- Significant and continuous decline in revenue over the past decade, from $3.17 million in 2015 to $750,691 in 2023.
- Declining asset base, from over $1 million in 2015 to $95,407 in 2023.
- Negative net assets, with liabilities ($170,732 in 202306) exceeding assets ($95,407).
- Unusual 0% officer compensation reported across all filings, which may obscure true leadership costs or indicate reliance on unpaid leadership.
Strengths
The following positive indicators were identified for Centerstone Solutions Inc:
- Consistent filing of IRS Form 990s, demonstrating transparency in reporting.
- No reported officer compensation, suggesting a commitment to directing funds away from executive salaries.
- Long operational history with 13 filings, indicating resilience despite financial challenges.
Frequently Asked Questions about Centerstone Solutions Inc
Is Centerstone Solutions Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Centerstone Solutions Inc (EIN: 201590169) significant concerns. Mission Score: 45/100. 5 red flags identified, 3 strengths noted.
How does Centerstone Solutions Inc spend its money?
Centerstone Solutions Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Centerstone Solutions Inc tax-deductible?
Centerstone Solutions Inc is registered as a tax-exempt nonprofit (EIN: 201590169). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Centerstone Solutions Inc's spending goes to programs?
Centerstone Solutions Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Centerstone Solutions Inc compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Centerstone Solutions Inc is near average for NTEE category Y200 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Centerstone Solutions Inc located?
Centerstone Solutions Inc is headquartered in Nashville, Tennessee and files with the IRS under EIN 201590169. It is classified under NTEE code Y200.
How many years of IRS 990 filings does Centerstone Solutions Inc have?
Centerstone Solutions 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 $751K in total revenue.
Why has Centerstone Solutions Inc.'s revenue consistently declined from $3.17 million in 2015 to $750,691 in 2023?
The filings show a significant and continuous decrease in revenue over the past decade, from a peak of $3,167,340 in 201506 to $750,691 in 202306. The reason for this substantial decline is not detailed in the provided financial summary but is a critical factor in the organization's financial health.
How does Centerstone Solutions Inc. manage to operate with consistent deficits, such as the $105,989 deficit in 202306?
The organization has frequently reported expenses exceeding revenue, leading to operational deficits. This suggests reliance on prior year reserves (which are now depleted) or other funding mechanisms not immediately apparent, which is unsustainable in the long term given the declining asset base.
What is the explanation for the 0% officer compensation reported across all filings, and how are key leadership roles compensated?
The consistent reporting of 0% officer compensation is unusual for an organization with annual expenses exceeding $750,000. It raises questions about whether leadership is entirely volunteer-based or if compensation is categorized differently within the expense structure, impacting the true administrative cost picture.
What is the plan to address the negative net assets, where liabilities ($170,732 in 202306) exceed assets ($95,407)?
The organization's liabilities have consistently exceeded its assets in recent years, indicating a precarious financial position. A clear strategy for reducing liabilities or significantly increasing assets would be necessary to improve financial stability.
What specific programs does Centerstone Solutions Inc. operate, and how are they being sustained amidst the financial challenges?
While the NTEE code Y200 suggests a focus on 'Other Human Services,' the financial data alone doesn't detail specific programs. Understanding how these programs are maintained and funded despite the organization's financial struggles is crucial for assessing its impact.
Filing History
IRS 990 filing history for Centerstone Solutions Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Centerstone Solutions Inc's revenue has declined by 39.7%, moving from $1.2M to $751K. Total assets decreased by 81.9% over the same period, from $526K to $95K. Total functional expenses fell by 20.2%, from $1.1M to $857K. In its most recent filing year (2023), Centerstone Solutions Inc reported a deficit of $106K, with expenses exceeding revenue. The organization holds $171K in liabilities against $95K in assets (debt-to-asset ratio: 179.0%), resulting in net assets of $-75,325.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $751K | $857K | $95K | $171K | — | View 990 |
| 2022 | $792K | $752K | $186K | $155K | — | View 990 |
| 2021 | $815K | $811K | $220K | $229K | — | View 990 |
| 2020 | $886K | $855K | $320K | $334K | — | View 990 |
| 2019 | $1.0M | $906K | $425K | $469K | — | View 990 |
| 2018 | $1.1M | $1.0M | $292K | $462K | — | View 990 |
| 2017 | $1.5M | $1.5M | $388K | $656K | — | View 990 |
| 2016 | $2.3M | $2.4M | $684K | $886K | — | View 990 |
| 2015 | $3.2M | $3.2M | $1.0M | $1.1M | — | View 990 |
| 2014 | $2.5M | $2.6M | $573K | $597K | — | View 990 |
| 2013 | $2.7M | $2.8M | $900K | $821K | — | View 990 |
| 2012 | $1.7M | $1.6M | $476K | $339K | — | View 990 |
| 2011 | $1.2M | $1.1M | $526K | $437K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $751K, expenses of $857K, and assets of $95K (revenue -5.2% year-over-year).
- 2022: Revenue of $792K, expenses of $752K, and assets of $186K (revenue -2.9% year-over-year).
- 2021: Revenue of $815K, expenses of $811K, and assets of $220K (revenue -8.0% year-over-year).
- 2020: Revenue of $886K, expenses of $855K, and assets of $320K (revenue -14.3% year-over-year).
- 2019: Revenue of $1.0M, expenses of $906K, and assets of $425K (revenue -5.9% year-over-year).
- 2018: Revenue of $1.1M, expenses of $1.0M, and assets of $292K (revenue -25.8% year-over-year).
- 2017: Revenue of $1.5M, expenses of $1.5M, and assets of $388K (revenue -35.4% year-over-year).
- 2016: Revenue of $2.3M, expenses of $2.4M, and assets of $684K (revenue -27.7% year-over-year).
- 2015: Revenue of $3.2M, expenses of $3.2M, and assets of $1.0M (revenue +25.2% year-over-year).
- 2014: Revenue of $2.5M, expenses of $2.6M, and assets of $573K (revenue -7.3% year-over-year).
- 2013: Revenue of $2.7M, expenses of $2.8M, and assets of $900K (revenue +65.3% year-over-year).
- 2012: Revenue of $1.7M, expenses of $1.6M, and assets of $476K (revenue +32.8% year-over-year).
- 2011: Revenue of $1.2M, expenses of $1.1M, and assets of $526K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Centerstone Solutions Inc:
Data Sources and Methodology
This transparency report for Centerstone Solutions 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.