Elders First Adult Day Services Association
Elders First Adult Day Services Association shows consistent revenue growth and no executive compensation.
EIN: 203236671 · Murfreesboro, TN · NTEE: P70 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $169K |
| Total Expenses | $146K |
| Program Spending | 85% |
| Net Assets | $126K |
| Transparency Score | 90/100 |
Is Elders First Adult Day Services Association Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Elders First Adult Day Services Association directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Elders First Adult Day Services Association
Elders First Adult Day Services Association (EIN: 203236671) is a nonprofit organization based in Murfreesboro, TN, classified under NTEE code P70. The organization reported total revenue of $169K and total assets of $143K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Elders First Adult Day Services Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Elders First Adult Day Services Association 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 9.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $181K |
| Total Expenses | $146K |
| Surplus / Deficit | +$35K |
| Total Assets | $128K |
| Total Liabilities | $2K |
| Net Assets | $126K |
| Operating Margin | 19.4% |
| Debt-to-Asset Ratio | 1.4% |
| Months of Reserves | 10.6 months |
Financial Health Grade: A
In 2023, Elders First Adult Day Services Association reported a surplus of $35K with revenue exceeding expenses, holds 10.6 months of operating reserves (strong position), has a debt-to-asset ratio of 1.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Elders First Adult Day Services Association's revenue has grown at a compound annual growth rate (CAGR) of 9.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +60.6% | +44.5% | +38.1% |
| 2022 | +27.8% | -3.6% | -3.3% |
| 2021 | -3.1% | -0.3% | -15.0% |
| 2020 | -28.6% | -9.2% | +2.8% |
| 2019 | +11.2% | +19.4% | +12.2% |
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 Elders First Adult Day Services Association with a Mission Score of 90 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, Elders First Adult Day Services Association 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 $35K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.4%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers or key employees receive salaries from the organization, which is highly commendable for a nonprofit of its size.
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.
Strengths
The following positive indicators were identified for Elders First Adult Day Services Association:
- Consistent revenue growth, from $71,851 in 2014 to $180,692 in 2023.
- 0% officer compensation reported across all filings, indicating high efficiency and mission focus.
- Healthy asset growth, reaching $128,133 in 2023.
- Very low liabilities, demonstrating strong financial management and minimal debt.
- Positive net income in recent years (e.g., $35,137 in 2023), allowing for reinvestment in programs.
Frequently Asked Questions about Elders First Adult Day Services Association
Is Elders First Adult Day Services Association a legitimate charity?
Elders First Adult Day Services Association (EIN: 203236671) is a registered tax-exempt nonprofit based in Tennessee. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $169K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Elders First Adult Day Services Association spend its money?
Elders First Adult Day Services Association directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Elders First Adult Day Services Association tax-deductible?
Elders First Adult Day Services Association is registered as a tax-exempt nonprofit (EIN: 203236671). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Elders First Adult Day Services Association's spending goes to programs?
Elders First Adult Day Services Association directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Elders First Adult Day Services Association compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Elders First Adult Day Services Association is above average for NTEE category P70 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Elders First Adult Day Services Association located?
Elders First Adult Day Services Association is headquartered in Murfreesboro, Tennessee and files with the IRS under EIN 203236671. It is classified under NTEE code P70.
How many years of IRS 990 filings does Elders First Adult Day Services Association have?
Elders First Adult Day Services Association 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 $169K in total revenue.
Is Elders First Adult Day Services Association a good charity?
Based on the available IRS 990 data, Elders First Adult Day Services Association appears to be a good charity. They demonstrate consistent revenue growth, maintain low liabilities, and report 0% officer compensation, suggesting strong financial health and a commitment to their mission.
How has the organization's revenue trended over time?
The organization has shown a strong upward trend in revenue, growing from $71,851 in 2014 to $180,692 in 2023, indicating increasing support and operational capacity.
What is the organization's financial stability?
Elders First Adult Day Services Association exhibits good financial stability, with assets consistently exceeding liabilities (e.g., $128,133 in assets vs. $1,809 in liabilities in 2023) and a positive net income in most recent years.
Filing History
IRS 990 filing history for Elders First Adult Day Services Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Elders First Adult Day Services Association's revenue has grown by 195.6%, moving from $61K to $181K. Total assets increased by 382.7% over the same period, from $27K to $128K. Total functional expenses rose by 123.5%, from $65K to $146K. In its most recent filing year (2023), Elders First Adult Day Services Association reported a surplus of $35K, with revenue exceeding expenses. The organization holds $2K in liabilities against $128K in assets (debt-to-asset ratio: 1.4%), resulting in net assets of $126K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $181K | $146K | $128K | $2K | — | View 990 |
| 2022 | $113K | $101K | $93K | $2K | — | View 990 |
| 2021 | $88K | $104K | $96K | $16K | — | View 990 |
| 2020 | $91K | $105K | $113K | $17K | — | View 990 |
| 2019 | $127K | $115K | $110K | $0 | — | View 990 |
| 2018 | $115K | $97K | $98K | $0 | — | View 990 |
| 2017 | $100K | $91K | $81K | $881 | — | View 990 |
| 2016 | $100K | $79K | $70K | $0 | — | View 990 |
| 2015 | $85K | $72K | $49K | $0 | — | View 990 |
| 2014 | $72K | $60K | $37K | $0 | — | View 990 |
| 2013 | $61K | $54K | $25K | $0 | — | View 990 |
| 2012 | $46K | $55K | $18K | $0 | — | View 990 |
| 2011 | $61K | $65K | $27K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $181K, expenses of $146K, and assets of $128K (revenue +60.6% year-over-year).
- 2022: Revenue of $113K, expenses of $101K, and assets of $93K (revenue +27.8% year-over-year).
- 2021: Revenue of $88K, expenses of $104K, and assets of $96K (revenue -3.1% year-over-year).
- 2020: Revenue of $91K, expenses of $105K, and assets of $113K (revenue -28.6% year-over-year).
- 2019: Revenue of $127K, expenses of $115K, and assets of $110K (revenue +11.2% year-over-year).
- 2018: Revenue of $115K, expenses of $97K, and assets of $98K (revenue +14.1% year-over-year).
- 2017: Revenue of $100K, expenses of $91K, and assets of $81K (revenue +0.4% year-over-year).
- 2016: Revenue of $100K, expenses of $79K, and assets of $70K (revenue +17.8% year-over-year).
- 2015: Revenue of $85K, expenses of $72K, and assets of $49K (revenue +18.0% year-over-year).
- 2014: Revenue of $72K, expenses of $60K, and assets of $37K (revenue +17.8% year-over-year).
- 2013: Revenue of $61K, expenses of $54K, and assets of $25K (revenue +32.0% year-over-year).
- 2012: Revenue of $46K, expenses of $55K, and assets of $18K (revenue -24.4% year-over-year).
- 2011: Revenue of $61K, expenses of $65K, and assets of $27K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Elders First Adult Day Services Association:
Data Sources and Methodology
This transparency report for Elders First Adult Day Services Association 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.