Connexus Incorporated

Connexus Incorporated shows consistent revenue growth but persistent liabilities exceeding assets.

EIN: 200067354 · Antioch, TN · NTEE: P20 · Updated: 2026-03-28

$6.4MRevenue

$949KAssets

75/100Mission Score (Good)

P20

About Connexus Incorporated

Connexus Incorporated (EIN: 200067354) is a nonprofit organization based in Antioch, TN, classified under NTEE code P20. The organization reported total revenue of $6.4M and total assets of $949K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Connexus Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Connexus Incorporated demonstrates a consistent pattern of growth in revenue and expenses over the past decade, with revenue increasing from $1.86 million in 2011 to $6.55 million in 2023. The organization generally operates with expenses closely aligned to revenue, indicating a focus on utilizing funds for current operations rather than accumulating large surpluses. For instance, in 2023, expenses were $5,774,750 against revenues of $6,555,505, resulting in a surplus. However, the organization has frequently reported liabilities exceeding assets, such as in 2023 where assets were $778,088 and liabilities were $869,768, suggesting a reliance on current funding to cover obligations. This trend of higher liabilities compared to assets has been persistent across multiple years, raising questions about long-term financial stability and asset accumulation.

The organization's financial health appears stable in terms of operational cash flow, consistently generating sufficient revenue to cover expenses in most recent years. The absence of reported officer compensation across all filings suggests either a volunteer-led executive team or compensation being reported under other expense categories, which could impact transparency regarding leadership costs. The NTEE code P20 (Housing, Shelter) indicates a focus on direct service, and the consistent expenditure levels suggest active program delivery. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories, a precise assessment of spending efficiency is challenging.

Transparency regarding executive compensation is high due to the reported 0% officer compensation. However, the consistent asset-to-liability ratio where liabilities often exceed assets could be a point of concern for long-term financial resilience. The organization's growth trajectory is positive, but a deeper dive into the nature of its liabilities would be beneficial for a complete financial picture.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Connexus Incorporated with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 15%
programs: 80%
fundraising: 5%

According to IRS 990 filings, Connexus Incorporated allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating either a volunteer executive leadership or compensation being categorized under other expense lines, which enhances transparency regarding direct officer pay but could obscure total leadership costs.

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 Connexus Incorporated's IRS 990 filings:

Persistent liabilities exceeding assets across multiple years (e.g., 2023: Assets $778,088, Liabilities $869,768), indicating potential reliance on current funding to cover obligations.
Lack of detailed expense breakdown (program, admin, fundraising) in provided data makes precise spending efficiency assessment difficult.

Strengths

The following positive indicators were identified for Connexus Incorporated:

Consistent revenue growth over the past decade, from $1.86 million in 2011 to $6.55 million in 2023, demonstrating strong fundraising or service delivery capabilities.
Expenses generally align closely with revenue, suggesting efficient utilization of funds for current operations.
Reported 0% officer compensation across all filings indicates a commitment to minimizing direct executive pay or a volunteer-driven leadership model.
Positive net income in the most recent filing (2023: Revenue $6,555,505, Expenses $5,774,750), indicating operational sustainability.

Frequently Asked Questions about Connexus Incorporated

What is the nature of Connexus Incorporated's liabilities, which consistently exceed its assets?

The filings show liabilities frequently surpassing assets (e.g., 2023: Assets $778,088, Liabilities $869,768). Understanding the composition of these liabilities (e.g., program-related debt, operational payables) is crucial for assessing long-term financial risk.

How does Connexus Incorporated manage to operate with 0% reported officer compensation?

The consistent reporting of 0% officer compensation across all filings suggests either a fully volunteer executive team or that executive salaries are reported under other expense categories, which warrants clarification for a complete understanding of leadership costs.

What is the organization's strategy for building net assets and improving its asset-to-liability ratio?

Given the consistent trend of liabilities exceeding assets, understanding the organization's plan to strengthen its balance sheet and build unrestricted net assets would provide insight into its financial resilience.

Filing History

IRS 990 filing history for Connexus Incorporated showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2011–2023), Connexus Incorporated's revenue has grown by 251.7%, moving from $1.9M to $6.6M. Total assets increased by 834.3% over the same period, from $83K to $778K. Total functional expenses rose by 205.7%, from $1.9M to $5.8M. In its most recent filing year (2023), Connexus Incorporated reported a surplus of $781K, with revenue exceeding expenses. The organization holds $870K in liabilities against $778K in assets (debt-to-asset ratio: 111.8%), resulting in net assets of $-91,680.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$6.6M	$5.8M	$778K	$870K	—	—
2022	$5.5M	$5.5M	$557K	$1.4M	—	View 990
2021	$5.6M	$5.2M	$709K	$1.5M	—	View 990
2020	$4.5M	$4.7M	$570K	$2.1M	—	View 990
2019	$3.8M	$4.0M	$221K	$1.6M	—	—
2018	$3.4M	$3.2M	$313K	$1.7M	—	—
2014	$1.8M	$1.9M	$276K	$750K	—	View 990
2013	$1.6M	$1.6M	$146K	$589K	—	View 990
2012	$1.9M	$2.0M	$112K	$595K	—	View 990
2011	$1.9M	$1.9M	$83K	$501K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $6.6M, expenses of $5.8M, and assets of $778K (revenue +19.7% year-over-year).
2022: Revenue of $5.5M, expenses of $5.5M, and assets of $557K (revenue -2.4% year-over-year).
2021: Revenue of $5.6M, expenses of $5.2M, and assets of $709K (revenue +24.9% year-over-year).
2020: Revenue of $4.5M, expenses of $4.7M, and assets of $570K (revenue +16.8% year-over-year).
2019: Revenue of $3.8M, expenses of $4.0M, and assets of $221K (revenue +14.7% year-over-year).
2018: Revenue of $3.4M, expenses of $3.2M, and assets of $313K (revenue +88.5% year-over-year).
2014: Revenue of $1.8M, expenses of $1.9M, and assets of $276K (revenue +11.0% year-over-year).
2013: Revenue of $1.6M, expenses of $1.6M, and assets of $146K (revenue -16.4% year-over-year).
2012: Revenue of $1.9M, expenses of $2.0M, and assets of $112K (revenue +2.9% year-over-year).
2011: Revenue of $1.9M, expenses of $1.9M, and assets of $83K.

Data Sources and Methodology

This transparency report for Connexus Incorporated 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.