Elkhart Health Fitness And Aquatics Inc
EIN: 384018882 · South Bend, IN · NTEE: E70
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $2.2M |
| Net Assets | $49.4M |
Is Elkhart Health Fitness And Aquatics Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Elkhart Health Fitness And Aquatics Inc
Elkhart Health Fitness And Aquatics Inc (EIN: 384018882) is a nonprofit organization based in South Bend, IN, classified under NTEE code E70. The organization reported total revenue of $1.1M and total assets of $52.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Elkhart Health Fitness And Aquatics Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Elkhart Health Fitness And Aquatics Inc is a mid-size nonprofit that has been operating for 9 years, with 7 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of -35.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $2.2M |
| Surplus / Deficit | $-1,038,579 |
| Total Assets | $54.0M |
| Total Liabilities | $4.7M |
| Net Assets | $49.4M |
| Operating Margin | -86.9% |
| Debt-to-Asset Ratio | 8.6% |
| Months of Reserves | 290.3 months |
Financial Health Grade: B
In 2023, Elkhart Health Fitness And Aquatics Inc reported a deficit of $1.0M with expenses exceeding revenue, holds 290.3 months of operating reserves (strong position), has a debt-to-asset ratio of 8.6% (very low leverage).
Financial Trends
Over 7 years of filings (2017–2023), Elkhart Health Fitness And Aquatics Inc's revenue has declined at a compound annual growth rate (CAGR) of -35.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.1% | +0.9% | -2.8% |
| 2022 | +-0.0% | -2.2% | -2.0% |
| 2021 | -42.3% | +0.3% | -2.7% |
| 2020 | -91.7% | +80.3% | -1.1% |
| 2019 | +69.9% | +1356.2% | +65.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2017 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Elkhart Health Fitness And Aquatics Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Elkhart Health Fitness And Aquatics Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.0M, with expenses exceeding revenue.
- Debt-to-asset ratio: 8.6%.
Frequently Asked Questions about Elkhart Health Fitness And Aquatics Inc
Is Elkhart Health Fitness And Aquatics Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Elkhart Health Fitness And Aquatics Inc (EIN: 384018882) insufficient data. 0 red flags identified, 0 strengths noted.
How does Elkhart Health Fitness And Aquatics Inc spend its money?
Detailed spending breakdown data is not yet available for Elkhart Health Fitness And Aquatics Inc. Check back for updated IRS 990 analysis.
Are donations to Elkhart Health Fitness And Aquatics Inc tax-deductible?
Elkhart Health Fitness And Aquatics Inc is registered as a tax-exempt nonprofit (EIN: 384018882). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Elkhart Health Fitness And Aquatics Inc located?
Elkhart Health Fitness And Aquatics Inc is headquartered in South Bend, Indiana and files with the IRS under EIN 384018882. It is classified under NTEE code E70.
How many years of IRS 990 filings does Elkhart Health Fitness And Aquatics Inc have?
Elkhart Health Fitness And Aquatics Inc has 7 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 $1.1M in total revenue.
Filing History
IRS 990 filing history for Elkhart Health Fitness And Aquatics Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2017–2023), Elkhart Health Fitness And Aquatics Inc's revenue has declined by 92.5%, moving from $16.0M to $1.2M. Total assets increased by 177% over the same period, from $19.5M to $54.0M. Total functional expenses rose by 391.4%, from $455K to $2.2M. In its most recent filing year (2023), Elkhart Health Fitness And Aquatics Inc reported a deficit of $1.0M, with expenses exceeding revenue. The organization holds $4.7M in liabilities against $54.0M in assets (debt-to-asset ratio: 8.6%), resulting in net assets of $49.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $2.2M | $54.0M | $4.7M | — | — |
| 2022 | $1.2M | $2.2M | $55.6M | $5.3M | — | View 990 |
| 2021 | $1.2M | $2.3M | $56.7M | $5.3M | — | View 990 |
| 2020 | $2.0M | $2.3M | $58.3M | $5.8M | — | View 990 |
| 2019 | $24.3M | $1.3M | $59.0M | $6.2M | — | View 990 |
| 2018 | $14.3M | $86K | $35.7M | $6.0M | — | View 990 |
| 2017 | $16.0M | $455K | $19.5M | $4.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.2M, expenses of $2.2M, and assets of $54.0M (revenue +3.1% year-over-year).
- 2022: Revenue of $1.2M, expenses of $2.2M, and assets of $55.6M (revenue +-0.0% year-over-year).
- 2021: Revenue of $1.2M, expenses of $2.3M, and assets of $56.7M (revenue -42.3% year-over-year).
- 2020: Revenue of $2.0M, expenses of $2.3M, and assets of $58.3M (revenue -91.7% year-over-year).
- 2019: Revenue of $24.3M, expenses of $1.3M, and assets of $59.0M (revenue +69.9% year-over-year).
- 2018: Revenue of $14.3M, expenses of $86K, and assets of $35.7M (revenue -10.3% year-over-year).
- 2017: Revenue of $16.0M, expenses of $455K, and assets of $19.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Elkhart Health Fitness And Aquatics Inc:
Data Sources and Methodology
This transparency report for Elkhart Health Fitness And Aquatics 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.