Drumondawmin Healthy Families Inc

Is Drumondawmin Healthy Families Inc Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Drumondawmin Healthy Families Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Drumondawmin Healthy Families Inc

Drumondawmin Healthy Families Inc (EIN: 141918174) is a nonprofit organization based in Baltimore, MD, classified under NTEE code P30. The organization reported total revenue of $2.4M and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Drumondawmin Healthy Families Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Drumondawmin Healthy Families Inc is a mid-size 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 9.4%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2023, Drumondawmin Healthy Families Inc reported a surplus of $25K with revenue exceeding expenses, holds 4.6 months of operating reserves (adequate), has a debt-to-asset ratio of 72.9% (high leverage).

Financial Trends

Over 13 years of filings (2011–2023), Drumondawmin Healthy Families Inc's revenue has grown at a compound annual growth rate (CAGR) of 9.4%.

IRS Tax-Exempt Classification

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 Drumondawmin Healthy Families Inc with a Mission Score of 88 out of 100 (Excellent). 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, Drumondawmin Healthy Families 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 surplus of $25K, with revenue exceeding expenses.
• Debt-to-asset ratio: 72.9%.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership may be volunteer-based or compensated through other means not categorized as officer compensation on the 990, which is highly unusual for an organization with over $2 million in annual revenue.

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 Drumondawmin Healthy Families Inc's IRS 990 filings:

• No reported officer compensation for an organization of this size, which could indicate compensation is reported differently or a reliance on unpaid leadership, which may not be sustainable long-term without further clarification.

Strengths

The following positive indicators were identified for Drumondawmin Healthy Families Inc:

• Consistent revenue growth over a decade, from $1,020,764 in 2014 to $2,795,424 in 2023.
• Significant asset growth, increasing from $256,356 in 2014 to $1,066,855 in 2023.
• Expenses consistently close to revenue, suggesting efficient use of funds towards mission.
• No reported officer compensation, potentially indicating a highly dedicated, volunteer-driven leadership or very lean administrative costs.
• Consistent filing of IRS Form 990s, demonstrating good regulatory compliance and transparency.

Frequently Asked Questions about Drumondawmin Healthy Families Inc

Filing History

IRS 990 filing history for Drumondawmin Healthy Families Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Drumondawmin Healthy Families Inc's revenue has grown by 193.3%, moving from $953K to $2.8M. Total assets increased by 623.9% over the same period, from $147K to $1.1M. Total functional expenses rose by 186.9%, from $965K to $2.8M. In its most recent filing year (2023), Drumondawmin Healthy Families Inc reported a surplus of $25K, with revenue exceeding expenses. The organization holds $778K in liabilities against $1.1M in assets (debt-to-asset ratio: 72.9%), resulting in net assets of $289K.

Year-by-Year Financial Summary

• 2023: Revenue of $2.8M, expenses of $2.8M, and assets of $1.1M (revenue +10.2% year-over-year).
• 2022: Revenue of $2.5M, expenses of $2.6M, and assets of $705K (revenue +42.2% year-over-year).
• 2021: Revenue of $1.8M, expenses of $1.7M, and assets of $530K (revenue +36.7% year-over-year).
• 2020: Revenue of $1.3M, expenses of $1.3M, and assets of $430K (revenue +8.9% year-over-year).
• 2019: Revenue of $1.2M, expenses of $1.2M, and assets of $395K (revenue +4.6% year-over-year).
• 2018: Revenue of $1.1M, expenses of $1.2M, and assets of $356K (revenue -20.0% year-over-year).
• 2017: Revenue of $1.4M, expenses of $1.3M, and assets of $363K (revenue +13.6% year-over-year).
• 2016: Revenue of $1.3M, expenses of $1.2M, and assets of $326K (revenue -3.7% year-over-year).
• 2015: Revenue of $1.3M, expenses of $1.2M, and assets of $330K (revenue +28.1% year-over-year).
• 2014: Revenue of $1.0M, expenses of $1.1M, and assets of $256K (revenue -11.4% year-over-year).
• 2013: Revenue of $1.2M, expenses of $1.1M, and assets of $288K (revenue +15.8% year-over-year).
• 2012: Revenue of $995K, expenses of $977K, and assets of $175K (revenue +4.4% year-over-year).
• 2011: Revenue of $953K, expenses of $965K, and assets of $147K.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Drumondawmin Healthy Families Inc:

Data Sources and Methodology

This transparency report for Drumondawmin Healthy Families 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.