Dr Tom Richards Center Inc
Dr Tom Richards Center Inc faces persistent operational deficits, drawing down assets over the last decade.
EIN: 204265371 · Knoxville, TN · NTEE: L20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $138K |
| Total Expenses | $154K |
| Program Spending | 70% |
| Net Assets | $846K |
| Transparency Score | 55/100 |
Is Dr Tom Richards Center Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Dr Tom Richards Center Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Dr Tom Richards Center Inc
Dr Tom Richards Center Inc (EIN: 204265371) is a nonprofit organization based in Knoxville, TN, classified under NTEE code L20. The organization reported total revenue of $138K and total assets of $786K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Dr Tom Richards Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Dr Tom Richards Center Inc is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $102K |
| Total Expenses | $154K |
| Surplus / Deficit | $-52,906 |
| Total Assets | $870K |
| Total Liabilities | $24K |
| Net Assets | $846K |
| Operating Margin | -52.1% |
| Debt-to-Asset Ratio | 2.7% |
| Months of Reserves | 67.6 months |
Financial Health Grade: B
In 2023, Dr Tom Richards Center Inc reported a deficit of $53K with expenses exceeding revenue, holds 67.6 months of operating reserves (strong position), has a debt-to-asset ratio of 2.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Dr Tom Richards Center Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.0% | +0.4% | -5.4% |
| 2022 | -5.8% | +0.3% | -5.6% |
| 2021 | -0.9% | +3.8% | -5.4% |
| 2020 | +0.3% | +2.0% | -3.9% |
| 2019 | -1.0% | +0.8% | -3.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Dr Tom Richards Center Inc with a Mission Score of 55 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, Dr Tom Richards Center 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 $53K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.7%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no officers or key employees are receiving salaries from the organization, which is highly unusual for an organization of its size and operational scope.
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 Dr Tom Richards Center Inc's IRS 990 filings:
- Consistent operational deficits for over a decade, with expenses exceeding revenue in every reported period.
- Significant decline in total assets, from $1,274,138 in 2014 to $870,050 in 2023, indicating an unsustainable financial model.
- Lack of detailed spending breakdown (program, admin, fundraising) in the provided data makes it difficult to fully assess efficiency.
Strengths
The following positive indicators were identified for Dr Tom Richards Center Inc:
- Consistently reports 0% officer compensation, indicating no executive salaries are paid.
- Maintains a relatively low level of liabilities compared to assets, suggesting good debt management.
Frequently Asked Questions about Dr Tom Richards Center Inc
Is Dr Tom Richards Center Inc a legitimate charity?
Dr Tom Richards Center Inc (EIN: 204265371) is a registered tax-exempt nonprofit based in Tennessee. Our AI analysis gives it a Mission Score of 55/100. It has 13 years of IRS 990 filings on record. Total revenue: $138K. 3 red flags identified. 2 strengths noted. Financial health grade: B.
How does Dr Tom Richards Center Inc spend its money?
Dr Tom Richards Center Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Dr Tom Richards Center Inc tax-deductible?
Dr Tom Richards Center Inc is registered as a tax-exempt nonprofit (EIN: 204265371). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Dr Tom Richards Center Inc's spending goes to programs?
Dr Tom Richards Center Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Dr Tom Richards Center Inc compare to similar nonprofits?
With a transparency score of 55/100 (Fair), Dr Tom Richards Center Inc is near average for NTEE category L20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Dr Tom Richards Center Inc located?
Dr Tom Richards Center Inc is headquartered in Knoxville, Tennessee and files with the IRS under EIN 204265371. It is classified under NTEE code L20.
How many years of IRS 990 filings does Dr Tom Richards Center Inc have?
Dr Tom Richards Center 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 $138K in total revenue.
Is Dr Tom Richards Center Inc financially stable?
No, the organization has consistently reported expenses exceeding revenue for over a decade, leading to a significant decline in its net assets from $1,274,138 in 2014 to $870,050 in 2023. This indicates financial instability and a reliance on existing reserves.
How does Dr Tom Richards Center Inc fund its operations?
Given the consistent operational deficits, the organization appears to be funding its operations by drawing down its existing assets. For example, in 2023, expenses exceeded revenue by $52,906, which would have been covered by its asset base.
What is the trend in the organization's assets?
The organization's assets have been in a steady decline, decreasing from $1,274,138 in 2014 to $870,050 in 2023, reflecting the impact of consistent operational deficits.
Does the organization pay its officers?
According to all available IRS 990 filings, the organization reports 0% officer compensation, meaning no salaries are paid to its officers or key employees.
Filing History
IRS 990 filing history for Dr Tom Richards Center Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Dr Tom Richards Center Inc's revenue has grown by 15.3%, moving from $88K to $102K. Total assets decreased by 37.9% over the same period, from $1.4M to $870K. Total functional expenses rose by 23.4%, from $125K to $154K. In its most recent filing year (2023), Dr Tom Richards Center Inc reported a deficit of $53K, with expenses exceeding revenue. The organization holds $24K in liabilities against $870K in assets (debt-to-asset ratio: 2.7%), resulting in net assets of $846K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $102K | $154K | $870K | $24K | — | — |
| 2022 | $98K | $154K | $920K | $21K | — | View 990 |
| 2021 | $104K | $153K | $975K | $19K | — | View 990 |
| 2020 | $105K | $148K | $1.0M | $20K | — | View 990 |
| 2019 | $104K | $145K | $1.1M | $19K | — | View 990 |
| 2018 | $105K | $144K | $1.1M | $14K | — | View 990 |
| 2017 | $98K | $139K | $1.2M | $21K | — | View 990 |
| 2016 | $92K | $137K | $1.2M | $16K | — | View 990 |
| 2015 | $92K | $132K | $1.2M | $20K | — | View 990 |
| 2014 | $91K | $129K | $1.3M | $15K | — | View 990 |
| 2013 | $90K | $139K | $1.3M | $16K | — | View 990 |
| 2012 | $91K | $134K | $1.4M | $14K | — | View 990 |
| 2011 | $88K | $125K | $1.4M | $12K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $102K, expenses of $154K, and assets of $870K (revenue +4.0% year-over-year).
- 2022: Revenue of $98K, expenses of $154K, and assets of $920K (revenue -5.8% year-over-year).
- 2021: Revenue of $104K, expenses of $153K, and assets of $975K (revenue -0.9% year-over-year).
- 2020: Revenue of $105K, expenses of $148K, and assets of $1.0M (revenue +0.3% year-over-year).
- 2019: Revenue of $104K, expenses of $145K, and assets of $1.1M (revenue -1.0% year-over-year).
- 2018: Revenue of $105K, expenses of $144K, and assets of $1.1M (revenue +7.0% year-over-year).
- 2017: Revenue of $98K, expenses of $139K, and assets of $1.2M (revenue +7.5% year-over-year).
- 2016: Revenue of $92K, expenses of $137K, and assets of $1.2M (revenue -0.2% year-over-year).
- 2015: Revenue of $92K, expenses of $132K, and assets of $1.2M (revenue +0.3% year-over-year).
- 2014: Revenue of $91K, expenses of $129K, and assets of $1.3M (revenue +1.3% year-over-year).
- 2013: Revenue of $90K, expenses of $139K, and assets of $1.3M (revenue -0.8% year-over-year).
- 2012: Revenue of $91K, expenses of $134K, and assets of $1.4M (revenue +3.3% year-over-year).
- 2011: Revenue of $88K, expenses of $125K, and assets of $1.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Dr Tom Richards Center Inc:
Data Sources and Methodology
This transparency report for Dr Tom Richards Center 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.