Elmwood Franklin School Inc
Elmwood Franklin School Inc shows strong revenue growth and asset accumulation with no reported officer compensation.
EIN: 160743000 · Buffalo, NY · NTEE: B240 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $9.9M |
| Total Expenses | $8.3M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $13 |
| Net Assets | $14.4M |
| Transparency Score | 85/100 |
Is Elmwood Franklin School Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Elmwood Franklin School Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Elmwood Franklin School Inc
Elmwood Franklin School Inc (EIN: 160743000) is a nonprofit organization based in Buffalo, NY, classified under NTEE code B240. The organization reported total revenue of $9.9M and total assets of $17.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Elmwood Franklin School Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Elmwood Franklin School Inc is a mid-size nonprofit that has been operating for 78 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $13.8M |
| Total Expenses | $8.3M |
| Surplus / Deficit | +$5.5M |
| Total Assets | $16.9M |
| Total Liabilities | $2.5M |
| Net Assets | $14.4M |
| Operating Margin | 39.9% |
| Debt-to-Asset Ratio | 14.8% |
| Months of Reserves | 24.4 months |
Financial Health Grade: A
In 2023, Elmwood Franklin School Inc reported a surplus of $5.5M with revenue exceeding expenses, holds 24.4 months of operating reserves (strong position), has a debt-to-asset ratio of 14.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Elmwood Franklin School Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +51.4% | +7.6% | +34.5% |
| 2022 | +8.0% | -5.1% | +6.1% |
| 2021 | -2.3% | +4.0% | +10.0% |
| 2020 | +18.4% | -0.3% | +11.6% |
| 2019 | +9.1% | +7.9% | -4.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1948 |
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 Elmwood Franklin School Inc with a Mission Score of 85 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, Elmwood Franklin School 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 $5.5M, with revenue exceeding expenses.
- Debt-to-asset ratio: 14.8%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an entity with annual revenues exceeding $13 million and assets over $16 million. This suggests that executive compensation may be structured differently, paid by a related entity, or that the school's leadership operates on a volunteer basis, which would be a significant indicator of dedication.
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 Elmwood Franklin School Inc's IRS 990 filings:
- Consistent 0% officer compensation reported, which is highly unusual for an organization of this size and could mask how executive leadership is compensated or imply a unique operational model.
Strengths
The following positive indicators were identified for Elmwood Franklin School Inc:
- Strong revenue growth, with revenue increasing from $9,096,126 in 202206 to $13,771,773 in 202306.
- Significant asset growth, from $10,738,190 in 202006 to $16,850,957 in 202306, indicating financial stability and accumulation of resources.
- Positive net income in recent years, with revenue consistently exceeding expenses, such as in 202306 where revenue was $13,771,773 and expenses were $8,273,593.
- Consistent financial reporting over 13 periods, demonstrating transparency in filing practices.
Frequently Asked Questions about Elmwood Franklin School Inc
Is Elmwood Franklin School Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Elmwood Franklin School Inc (EIN: 160743000) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Elmwood Franklin School Inc spend its money?
Elmwood Franklin School Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Elmwood Franklin School Inc tax-deductible?
Elmwood Franklin School Inc is registered as a tax-exempt nonprofit (EIN: 160743000). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Elmwood Franklin School Inc CEO make?
Elmwood Franklin School Inc's highest-compensated officer earns $13 annually. The organization reported $9.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Elmwood Franklin School Inc's spending goes to programs?
Elmwood Franklin School Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Elmwood Franklin School Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Elmwood Franklin School Inc is above average for NTEE category B240 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Elmwood Franklin School Inc located?
Elmwood Franklin School Inc is headquartered in Buffalo, New York and files with the IRS under EIN 160743000. It is classified under NTEE code B240.
How many years of IRS 990 filings does Elmwood Franklin School Inc have?
Elmwood Franklin School 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 $9.9M in total revenue.
How does Elmwood Franklin School Inc manage to report 0% officer compensation given its size?
The consistent reporting of 0% officer compensation across all filings is highly unusual for an organization with revenues exceeding $13 million. This could indicate that executive compensation is paid by a related entity, that the school's leadership is entirely volunteer-based, or that compensation is categorized under other expense lines not specifically identified as 'officer compensation' on the 990.
What is the primary source of Elmwood Franklin School Inc's significant revenue growth in 2023?
In 202306, Elmwood Franklin School Inc reported a substantial increase in revenue to $13,771,773 from $9,096,126 in 202206. Without detailed schedules from the 990, it's difficult to pinpoint the exact source, but it could be attributed to increased tuition, successful fundraising campaigns, or significant investment income.
What is the breakdown of program, administrative, and fundraising expenses?
The provided data does not offer a detailed breakdown of program, administrative, and fundraising expenses. While the overall expenses are reported, a granular view is necessary to fully assess spending efficiency in each category. Based on typical educational institutions and the overall financial health, an estimated breakdown has been provided in the 'spendingBreakdown' section.
Filing History
IRS 990 filing history for Elmwood Franklin School Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Elmwood Franklin School Inc's revenue has grown by 146.8%, moving from $5.6M to $13.8M. Total assets increased by 17.9% over the same period, from $14.3M to $16.9M. Total functional expenses rose by 37.2%, from $6.0M to $8.3M. In its most recent filing year (2023), Elmwood Franklin School Inc reported a surplus of $5.5M, with revenue exceeding expenses. The organization holds $2.5M in liabilities against $16.9M in assets (debt-to-asset ratio: 14.8%), resulting in net assets of $14.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $13.8M | $8.3M | $16.9M | $2.5M | — | View 990 |
| 2022 | $9.1M | $7.7M | $12.5M | $3.9M | — | View 990 |
| 2021 | $8.4M | $8.1M | $11.8M | $3.9M | — | View 990 |
| 2020 | $8.6M | $7.8M | $10.7M | $4.0M | — | View 990 |
| 2019 | $7.3M | $7.8M | $9.6M | $3.4M | — | View 990 |
| 2018 | $6.7M | $7.2M | $10.1M | $3.4M | — | View 990 |
| 2017 | $6.6M | $7.3M | $10.5M | $3.4M | — | View 990 |
| 2016 | $5.9M | $7.5M | $11.0M | $3.4M | — | View 990 |
| 2015 | $6.4M | $7.5M | $12.3M | $3.4M | — | View 990 |
| 2014 | $6.8M | $8.0M | $13.0M | $2.3M | — | View 990 |
| 2013 | $7.3M | $8.1M | $13.6M | $2.3M | — | View 990 |
| 2012 | $7.9M | $6.9M | $14.0M | $1.8M | — | View 990 |
| 2011 | $5.6M | $6.0M | $14.3M | $2.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $13.8M, expenses of $8.3M, and assets of $16.9M (revenue +51.4% year-over-year).
- 2022: Revenue of $9.1M, expenses of $7.7M, and assets of $12.5M (revenue +8.0% year-over-year).
- 2021: Revenue of $8.4M, expenses of $8.1M, and assets of $11.8M (revenue -2.3% year-over-year).
- 2020: Revenue of $8.6M, expenses of $7.8M, and assets of $10.7M (revenue +18.4% year-over-year).
- 2019: Revenue of $7.3M, expenses of $7.8M, and assets of $9.6M (revenue +9.1% year-over-year).
- 2018: Revenue of $6.7M, expenses of $7.2M, and assets of $10.1M (revenue +1.6% year-over-year).
- 2017: Revenue of $6.6M, expenses of $7.3M, and assets of $10.5M (revenue +11.6% year-over-year).
- 2016: Revenue of $5.9M, expenses of $7.5M, and assets of $11.0M (revenue -7.6% year-over-year).
- 2015: Revenue of $6.4M, expenses of $7.5M, and assets of $12.3M (revenue -5.9% year-over-year).
- 2014: Revenue of $6.8M, expenses of $8.0M, and assets of $13.0M (revenue -7.6% year-over-year).
- 2013: Revenue of $7.3M, expenses of $8.1M, and assets of $13.6M (revenue -7.7% year-over-year).
- 2012: Revenue of $7.9M, expenses of $6.9M, and assets of $14.0M (revenue +42.2% year-over-year).
- 2011: Revenue of $5.6M, expenses of $6.0M, and assets of $14.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Elmwood Franklin School Inc:
Data Sources and Methodology
This transparency report for Elmwood Franklin School 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.