Embroiderers Guild Of America Inc
Embroiderers Guild Of America Inc faces consistent operating deficits, drawing down assets despite zero reported officer compensation.
EIN: 131914577 · Louisville, KY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $893K |
| Total Expenses | $911K |
| Program Spending | 70% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $2.9M |
| Transparency Score | 65/100 |
Is Embroiderers Guild Of America Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Embroiderers Guild Of America Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Embroiderers Guild Of America Inc
Embroiderers Guild Of America Inc (EIN: 131914577) is a nonprofit organization based in Louisville, KY. The organization reported total revenue of $893K and total assets of $3.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Embroiderers Guild Of America Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Embroiderers Guild Of America Inc is a small nonprofit that has been operating for 50 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 2.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $851K |
| Total Expenses | $911K |
| Surplus / Deficit | $-60,653 |
| Total Assets | $3.2M |
| Total Liabilities | $283K |
| Net Assets | $2.9M |
| Operating Margin | -7.1% |
| Debt-to-Asset Ratio | 8.8% |
| Months of Reserves | 42.5 months |
Financial Health Grade: B
In 2023, Embroiderers Guild Of America Inc reported a deficit of $61K with expenses exceeding revenue, holds 42.5 months of operating reserves (strong position), has a debt-to-asset ratio of 8.8% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Embroiderers Guild Of America Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +24.3% | +7.3% | +2.3% |
| 2022 | +4.3% | -10.8% | -12.1% |
| 2021 | +6.9% | +3.5% | -6.2% |
| 2020 | -8.1% | +11.9% | -7.0% |
| 2019 | -19.5% | +10.6% | -2.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1976 |
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 Embroiderers Guild Of America Inc with a Mission Score of 65 out of 100 (Good). 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, Embroiderers Guild Of America 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 $61K, with expenses exceeding revenue.
- Debt-to-asset ratio: 8.8%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization with annual revenues approaching $1 million. This suggests either a fully volunteer-led executive team or that executive compensation is categorized differently within their financial statements, requiring deeper scrutiny of their full IRS Form 990 for clarification.
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 Embroiderers Guild Of America Inc's IRS 990 filings:
- Consistent operating deficits (expenses exceeding revenue) in recent years, such as $911,371 expenses vs $850,718 revenue in 2023.
- Declining asset base, from $4.2 million in 2018 to $3.2 million in 2023, indicating reliance on reserves to cover deficits.
- Unusually low (0%) reported officer compensation for an organization of this size, which may obscure actual executive remuneration if reported elsewhere.
Strengths
The following positive indicators were identified for Embroiderers Guild Of America Inc:
- Strong asset base relative to liabilities ($3,225,761 assets vs. $283,296 liabilities in 2023), indicating financial stability despite deficits.
- Consistent filing history (14 filings), demonstrating commitment to IRS compliance and transparency.
- Historically significant revenue generation, with a peak of over $1.5 million in 2016, showing potential for strong fundraising.
Frequently Asked Questions about Embroiderers Guild Of America Inc
Is Embroiderers Guild Of America Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Embroiderers Guild Of America Inc (EIN: 131914577) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Embroiderers Guild Of America Inc spend its money?
Embroiderers Guild Of America Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Embroiderers Guild Of America Inc tax-deductible?
Embroiderers Guild Of America Inc is registered as a tax-exempt nonprofit (EIN: 131914577). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Embroiderers Guild Of America Inc CEO make?
Embroiderers Guild Of America Inc's highest-compensated officer earns $1 annually. The organization reported $893K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Embroiderers Guild Of America Inc's spending goes to programs?
Embroiderers Guild Of America Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Embroiderers Guild Of America Inc located?
Embroiderers Guild Of America Inc is headquartered in Louisville, Kentucky and files with the IRS under EIN 131914577.
How many years of IRS 990 filings does Embroiderers Guild Of America Inc have?
Embroiderers Guild Of America Inc has 14 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 $893K in total revenue.
How does Embroiderers Guild Of America Inc sustain operations with consistent revenue deficits?
The organization appears to be covering its operating deficits by drawing down its accumulated assets, which have decreased from over $4.2 million in 2018 to $3.2 million in 2023.
What is the true nature of executive compensation given the 0% reported figure?
The consistent reporting of 0% officer compensation suggests either a fully volunteer executive leadership or that compensation is reported under other expense categories, which would require reviewing the full IRS Form 990 for detailed breakdowns.
What caused the significant revenue spike in 2016 to over $1.5 million?
The provided data does not specify the reason for the revenue spike in 2016. It could be due to a large one-time donation, a successful fundraising campaign, or a major event, which would require reviewing the full IRS Form 990 for that period.
What is the organization's strategy to address the trend of declining assets?
The provided data does not detail the organization's strategy. Addressing declining assets would typically involve increasing revenue streams, reducing overall expenses, or a combination of both to achieve financial sustainability.
Filing History
IRS 990 filing history for Embroiderers Guild Of America Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Embroiderers Guild Of America Inc's revenue has grown by 34.7%, moving from $631K to $851K. Total assets increased by 137.7% over the same period, from $1.4M to $3.2M. Total functional expenses rose by 59.9%, from $570K to $911K. In its most recent filing year (2023), Embroiderers Guild Of America Inc reported a deficit of $61K, with expenses exceeding revenue. The organization holds $283K in liabilities against $3.2M in assets (debt-to-asset ratio: 8.8%), resulting in net assets of $2.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $851K | $911K | $3.2M | $283K | — | View 990 |
| 2022 | $684K | $849K | $3.2M | $341K | — | View 990 |
| 2021 | $656K | $952K | $3.6M | $284K | — | View 990 |
| 2020 | $614K | $920K | $3.8M | $234K | — | View 990 |
| 2019 | $668K | $822K | $4.1M | $221K | — | View 990 |
| 2018 | $831K | $744K | $4.2M | $210K | — | View 990 |
| 2017 | $704K | $812K | $4.2M | $226K | — | View 990 |
| 2016 | $1.6M | $775K | $4.3M | $246K | — | View 990 |
| 2015 | $761K | $745K | $3.5M | $257K | — | View 990 |
| 2014 | $680K | $677K | $3.5M | $268K | — | View 990 |
| 2013 | $668K | $544K | $3.4M | $289K | — | View 990 |
| 2012 | $656K | $568K | $1.4M | $317K | — | View 990 |
| 2011 | $593K | $594K | $1.3M | $330K | — | View 990 |
| 2010 | $631K | $570K | $1.4M | $344K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $851K, expenses of $911K, and assets of $3.2M (revenue +24.3% year-over-year).
- 2022: Revenue of $684K, expenses of $849K, and assets of $3.2M (revenue +4.3% year-over-year).
- 2021: Revenue of $656K, expenses of $952K, and assets of $3.6M (revenue +6.9% year-over-year).
- 2020: Revenue of $614K, expenses of $920K, and assets of $3.8M (revenue -8.1% year-over-year).
- 2019: Revenue of $668K, expenses of $822K, and assets of $4.1M (revenue -19.5% year-over-year).
- 2018: Revenue of $831K, expenses of $744K, and assets of $4.2M (revenue +18.0% year-over-year).
- 2017: Revenue of $704K, expenses of $812K, and assets of $4.2M (revenue -54.7% year-over-year).
- 2016: Revenue of $1.6M, expenses of $775K, and assets of $4.3M (revenue +104.0% year-over-year).
- 2015: Revenue of $761K, expenses of $745K, and assets of $3.5M (revenue +11.9% year-over-year).
- 2014: Revenue of $680K, expenses of $677K, and assets of $3.5M (revenue +1.8% year-over-year).
- 2013: Revenue of $668K, expenses of $544K, and assets of $3.4M (revenue +1.9% year-over-year).
- 2012: Revenue of $656K, expenses of $568K, and assets of $1.4M (revenue +10.6% year-over-year).
- 2011: Revenue of $593K, expenses of $594K, and assets of $1.3M (revenue -6.2% year-over-year).
- 2010: Revenue of $631K, expenses of $570K, and assets of $1.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Embroiderers Guild Of America Inc:
Data Sources and Methodology
This transparency report for Embroiderers Guild Of America 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.