End Of Life Vehicle Solutions Corporation
End Of Life Vehicle Solutions Corporation maintains stable operations with no executive compensation, but carries significant liabilities.
EIN: 203429074 · Farmingtn Hls, MI · NTEE: C27 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $495K |
| Total Expenses | $400K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $500,000. |
| Net Assets | $643K |
| Transparency Score | 85/100 |
Is End Of Life Vehicle Solutions Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
End Of Life Vehicle Solutions Corporation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About End Of Life Vehicle Solutions Corporation
End Of Life Vehicle Solutions Corporation (EIN: 203429074) is a nonprofit organization based in Farmingtn Hls, MI, classified under NTEE code C27. The organization reported total revenue of $495K and total assets of $3.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of End Of Life Vehicle Solutions Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
End Of Life Vehicle Solutions Corporation 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 -7.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $456K |
| Total Expenses | $400K |
| Surplus / Deficit | +$56K |
| Total Assets | $3.4M |
| Total Liabilities | $2.8M |
| Net Assets | $643K |
| Operating Margin | 12.4% |
| Debt-to-Asset Ratio | 81.1% |
| Months of Reserves | 101.8 months |
Financial Health Grade: A
In 2023, End Of Life Vehicle Solutions Corporation reported a surplus of $56K with revenue exceeding expenses, holds 101.8 months of operating reserves (strong position), has a debt-to-asset ratio of 81.1% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), End Of Life Vehicle Solutions Corporation's revenue has declined at a compound annual growth rate (CAGR) of -7.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -3.7% | -15.1% | +13.7% |
| 2022 | -19.7% | -8.1% | -19.0% |
| 2021 | -12.2% | -6.0% | -8.1% |
| 2020 | -9.8% | -11.9% | +3.5% |
| 2019 | -3.9% | -12.3% | -1.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| 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 End Of Life Vehicle Solutions Corporation 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, End Of Life Vehicle Solutions Corporation 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 $56K, with revenue exceeding expenses.
- Debt-to-asset ratio: 81.1%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries from the organization, which is highly commendable for an organization of its size with revenues approaching $500,000.
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 End Of Life Vehicle Solutions Corporation's IRS 990 filings:
- Consistently high liabilities relative to assets, such as $2,750,989 in liabilities against $3,393,576 in assets in 2023, warrant further investigation into their nature and management.
Strengths
The following positive indicators were identified for End Of Life Vehicle Solutions Corporation:
- Consistent reporting of 0% officer compensation across all available filings, demonstrating a strong commitment to directing funds to the mission.
- Stable financial operations with revenues generally exceeding expenses, as seen in 2023 where revenue was $456,325 and expenses were $399,865.
- Long history of IRS 990 filings (13 filings), indicating strong regulatory compliance and transparency.
- Maintains substantial assets, such as $3,426,924 in the latest period, providing a solid financial foundation.
Frequently Asked Questions about End Of Life Vehicle Solutions Corporation
Is End Of Life Vehicle Solutions Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, End Of Life Vehicle Solutions Corporation (EIN: 203429074) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does End Of Life Vehicle Solutions Corporation spend its money?
End Of Life Vehicle Solutions Corporation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to End Of Life Vehicle Solutions Corporation tax-deductible?
End Of Life Vehicle Solutions Corporation is registered as a tax-exempt nonprofit (EIN: 203429074). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the End Of Life Vehicle Solutions Corporation CEO make?
End Of Life Vehicle Solutions Corporation's highest-compensated officer earns $500,000. annually. The organization reported $495K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of End Of Life Vehicle Solutions Corporation's spending goes to programs?
End Of Life Vehicle Solutions Corporation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does End Of Life Vehicle Solutions Corporation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), End Of Life Vehicle Solutions Corporation is above average for NTEE category C27 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is End Of Life Vehicle Solutions Corporation located?
End Of Life Vehicle Solutions Corporation is headquartered in Farmingtn Hls, Michigan and files with the IRS under EIN 203429074. It is classified under NTEE code C27.
How many years of IRS 990 filings does End Of Life Vehicle Solutions Corporation have?
End Of Life Vehicle Solutions Corporation 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 $495K in total revenue.
What is the nature of End Of Life Vehicle Solutions Corporation's significant liabilities?
The organization consistently reports high liabilities, such as $2,750,989 in 2023 against $3,393,576 in assets. Understanding the composition of these liabilities (e.g., program-related debt, operational payables) is crucial for a complete financial picture.
How does End Of Life Vehicle Solutions Corporation fund its operations without officer compensation?
The consistent 0% officer compensation suggests that leadership may be volunteer-based or compensated through other means not reported as officer compensation on the 990, or that the organization operates with a very lean administrative structure.
What are the specific program activities that End Of Life Vehicle Solutions Corporation engages in?
Given the NTEE code C27 (Environmental Protection & Conservation), understanding the specific initiatives and impact of their 'End Of Life Vehicle Solutions' programs would provide greater insight into their mission effectiveness.
Filing History
IRS 990 filing history for End Of Life Vehicle Solutions Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), End Of Life Vehicle Solutions Corporation's revenue has declined by 62.6%, moving from $1.2M to $456K. Total assets decreased by 43.1% over the same period, from $6.0M to $3.4M. Total functional expenses fell by 64.7%, from $1.1M to $400K. In its most recent filing year (2023), End Of Life Vehicle Solutions Corporation reported a surplus of $56K, with revenue exceeding expenses. The organization holds $2.8M in liabilities against $3.4M in assets (debt-to-asset ratio: 81.1%), resulting in net assets of $643K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $456K | $400K | $3.4M | $2.8M | — | View 990 |
| 2022 | $474K | $471K | $3.0M | $2.4M | — | — |
| 2021 | $590K | $512K | $3.7M | $2.9M | — | View 990 |
| 2020 | $672K | $545K | $4.0M | $3.4M | — | View 990 |
| 2019 | $745K | $619K | $3.9M | $3.4M | — | View 990 |
| 2018 | $775K | $705K | $3.9M | $3.6M | — | View 990 |
| 2017 | $643K | $710K | $3.9M | $3.6M | — | View 990 |
| 2016 | $623K | $713K | $3.7M | $3.4M | — | View 990 |
| 2015 | $692K | $822K | $4.1M | $3.6M | — | View 990 |
| 2014 | $876K | $1.0M | $4.5M | $3.9M | — | View 990 |
| 2013 | $965K | $1.0M | $5.1M | $4.4M | — | View 990 |
| 2012 | $1.3M | $1.2M | $5.7M | $4.8M | — | View 990 |
| 2011 | $1.2M | $1.1M | $6.0M | $5.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $456K, expenses of $400K, and assets of $3.4M (revenue -3.7% year-over-year).
- 2022: Revenue of $474K, expenses of $471K, and assets of $3.0M (revenue -19.7% year-over-year).
- 2021: Revenue of $590K, expenses of $512K, and assets of $3.7M (revenue -12.2% year-over-year).
- 2020: Revenue of $672K, expenses of $545K, and assets of $4.0M (revenue -9.8% year-over-year).
- 2019: Revenue of $745K, expenses of $619K, and assets of $3.9M (revenue -3.9% year-over-year).
- 2018: Revenue of $775K, expenses of $705K, and assets of $3.9M (revenue +20.6% year-over-year).
- 2017: Revenue of $643K, expenses of $710K, and assets of $3.9M (revenue +3.2% year-over-year).
- 2016: Revenue of $623K, expenses of $713K, and assets of $3.7M (revenue -10.0% year-over-year).
- 2015: Revenue of $692K, expenses of $822K, and assets of $4.1M (revenue -21.0% year-over-year).
- 2014: Revenue of $876K, expenses of $1.0M, and assets of $4.5M (revenue -9.2% year-over-year).
- 2013: Revenue of $965K, expenses of $1.0M, and assets of $5.1M (revenue -27.8% year-over-year).
- 2012: Revenue of $1.3M, expenses of $1.2M, and assets of $5.7M (revenue +9.7% year-over-year).
- 2011: Revenue of $1.2M, expenses of $1.1M, and assets of $6.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for End Of Life Vehicle Solutions Corporation:
Data Sources and Methodology
This transparency report for End Of Life Vehicle Solutions Corporation 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.