First Option Care Inc
First Option Care Inc. shows recent revenue growth and positive net income, with no reported officer compensation.
EIN: 201585087 · Thomasville, GA · NTEE: P40 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $258K |
| Total Expenses | $314K |
| Program Spending | 75% |
| Net Assets | $376K |
| Transparency Score | 80/100 |
Is First Option Care Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
First Option Care Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About First Option Care Inc
First Option Care Inc (EIN: 201585087) is a nonprofit organization based in Thomasville, GA, classified under NTEE code P40. The organization reported total revenue of $258K and total assets of $615K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of First Option Care Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
First Option Care Inc 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 6.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $359K |
| Total Expenses | $314K |
| Surplus / Deficit | +$45K |
| Total Assets | $714K |
| Total Liabilities | $338K |
| Net Assets | $376K |
| Operating Margin | 12.5% |
| Debt-to-Asset Ratio | 47.4% |
| Months of Reserves | 27.3 months |
Financial Health Grade: A
In 2023, First Option Care Inc reported a surplus of $45K with revenue exceeding expenses, holds 27.3 months of operating reserves (strong position), has a debt-to-asset ratio of 47.4% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), First Option Care Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.6% | +27.3% | -19.3% |
| 2022 | +36.9% | +18.9% | +266.0% |
| 2021 | +8.3% | -19.5% | +7.6% |
| 2020 | +10.5% | +6.8% | +7.0% |
| 2019 | -5.8% | -9.9% | -11.3% |
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 First Option Care Inc with a Mission Score of 80 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, First Option Care Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $45K, with revenue exceeding expenses.
- Debt-to-asset ratio: 47.4%.
Executive Compensation Analysis
First Option Care Inc. consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to officers, which is highly unusual for an organization of its size and revenue, and suggests a volunteer-led executive structure or that compensation is reported under other expense categories.
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 First Option Care Inc's IRS 990 filings:
- Significant fluctuation in liabilities, peaking at $540,523 in 202212, warrants further investigation into their nature.
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data limits precise spending efficiency analysis.
Strengths
The following positive indicators were identified for First Option Care Inc:
- Consistent revenue growth in recent years, from $257,576 in 202112 to $358,509 in 202312.
- Positive net income in the last three reported periods (202112, 202212, 202312), indicating effective financial management.
- No reported officer compensation across all filings, suggesting a highly efficient or volunteer-driven executive structure.
- Substantial asset base of $713,996 in 202312 relative to annual revenue.
Frequently Asked Questions about First Option Care Inc
Is First Option Care Inc a legitimate charity?
First Option Care Inc (EIN: 201585087) is a registered tax-exempt nonprofit based in Georgia. Our AI analysis gives it a Mission Score of 80/100. It has 13 years of IRS 990 filings on record. Total revenue: $258K. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does First Option Care Inc spend its money?
First Option Care Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to First Option Care Inc tax-deductible?
First Option Care Inc is registered as a tax-exempt nonprofit (EIN: 201585087). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of First Option Care Inc's spending goes to programs?
First Option Care Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does First Option Care Inc compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), First Option Care Inc is above average for NTEE category P40 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is First Option Care Inc located?
First Option Care Inc is headquartered in Thomasville, Georgia and files with the IRS under EIN 201585087. It is classified under NTEE code P40.
How many years of IRS 990 filings does First Option Care Inc have?
First Option Care 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 $258K in total revenue.
Is First Option Care Inc. financially stable?
Yes, recent filings show consistent revenue growth and positive net income, with revenue of $358,509 exceeding expenses of $313,641 in 202312, indicating financial stability.
What is the trend in the organization's assets and liabilities?
Assets have fluctuated, reaching $884,471 in 202212 before decreasing to $713,996 in 202312. Liabilities also saw a peak of $540,523 in 202212, reducing to $338,312 in 202312.
Does First Option Care Inc. pay its officers?
No, all available IRS 990 filings consistently report 0% officer compensation, suggesting a volunteer-led executive team or that compensation is categorized differently.
Filing History
IRS 990 filing history for First Option Care Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), First Option Care Inc's revenue has grown by 108.2%, moving from $172K to $359K. Total assets increased by 93.9% over the same period, from $368K to $714K. Total functional expenses rose by 127.3%, from $138K to $314K. In its most recent filing year (2023), First Option Care Inc reported a surplus of $45K, with revenue exceeding expenses. The organization holds $338K in liabilities against $714K in assets (debt-to-asset ratio: 47.4%), resulting in net assets of $376K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $359K | $314K | $714K | $338K | — | View 990 |
| 2022 | $353K | $246K | $884K | $541K | — | View 990 |
| 2021 | $258K | $207K | $242K | $4K | — | View 990 |
| 2020 | $238K | $257K | $225K | $38K | — | View 990 |
| 2019 | $215K | $241K | $210K | $4K | — | View 990 |
| 2018 | $228K | $267K | $237K | $5K | — | View 990 |
| 2017 | $143K | $198K | $274K | $3K | — | View 990 |
| 2016 | $141K | $224K | $329K | $2K | — | View 990 |
| 2015 | $153K | $210K | $413K | $4K | — | View 990 |
| 2014 | $189K | $183K | $470K | $3K | — | View 990 |
| 2013 | $218K | $175K | $463K | $2K | — | View 990 |
| 2012 | $227K | $176K | $419K | $2K | — | View 990 |
| 2011 | $172K | $138K | $368K | $932 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $359K, expenses of $314K, and assets of $714K (revenue +1.6% year-over-year).
- 2022: Revenue of $353K, expenses of $246K, and assets of $884K (revenue +36.9% year-over-year).
- 2021: Revenue of $258K, expenses of $207K, and assets of $242K (revenue +8.3% year-over-year).
- 2020: Revenue of $238K, expenses of $257K, and assets of $225K (revenue +10.5% year-over-year).
- 2019: Revenue of $215K, expenses of $241K, and assets of $210K (revenue -5.8% year-over-year).
- 2018: Revenue of $228K, expenses of $267K, and assets of $237K (revenue +60.1% year-over-year).
- 2017: Revenue of $143K, expenses of $198K, and assets of $274K (revenue +0.9% year-over-year).
- 2016: Revenue of $141K, expenses of $224K, and assets of $329K (revenue -7.4% year-over-year).
- 2015: Revenue of $153K, expenses of $210K, and assets of $413K (revenue -19.0% year-over-year).
- 2014: Revenue of $189K, expenses of $183K, and assets of $470K (revenue -13.5% year-over-year).
- 2013: Revenue of $218K, expenses of $175K, and assets of $463K (revenue -3.8% year-over-year).
- 2012: Revenue of $227K, expenses of $176K, and assets of $419K (revenue +31.6% year-over-year).
- 2011: Revenue of $172K, expenses of $138K, and assets of $368K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for First Option Care Inc:
Data Sources and Methodology
This transparency report for First Option Care 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.