Friends Of The Theo Ratliff Center
Friends Of The Theo Ratliff Center shows consistent revenue growth and zero officer compensation, operating with minimal assets.
EIN: 203294237 · Demopolis, AL · NTEE: B90 · Updated: 2026-03-28
Is Friends Of The Theo Ratliff Center Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Friends Of The Theo Ratliff Center directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Friends Of The Theo Ratliff Center
Friends Of The Theo Ratliff Center (EIN: 203294237) is a nonprofit organization based in Demopolis, AL, classified under NTEE code B90. The organization reported total revenue of $118K and total assets of $1 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of The Theo Ratliff Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friends Of The Theo Ratliff Center is a small nonprofit that has been operating for 4 years, with 3 years of IRS 990 filings on record (2018–2023). Revenue has grown at a compound annual rate of 24.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $93K |
| Total Expenses | $74K |
| Surplus / Deficit | +$18K |
| Total Assets | $0 |
| Net Assets | $0 |
| Operating Margin | 19.6% |
| Months of Reserves | 0.0 months |
Financial Health Grade: A
In 2023, Friends Of The Theo Ratliff Center reported a surplus of $18K with revenue exceeding expenses, holds 0.0 months of operating reserves (limited).
Financial Trends
Over 3 years of filings (2018–2023), Friends Of The Theo Ratliff Center's revenue has grown at a compound annual growth rate (CAGR) of 24.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +50.7% | +57.7% | -100.0% |
| 2020 | +99.9% | +58.9% | +278.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1270 |
| IRS Ruling Date | 2022 |
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 Friends Of The Theo Ratliff Center with a Mission Score of 92 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Friends Of The Theo Ratliff Center allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% 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 $18K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly commendable for a nonprofit of its size and revenue growth.
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 Friends Of The Theo Ratliff Center's IRS 990 filings:
- Minimal asset base ($1 reported in latest period) could indicate limited financial reserves for unexpected events.
Strengths
The following positive indicators were identified for Friends Of The Theo Ratliff Center:
- Consistent revenue growth from $30,705 in 2018 to $92,545 in 2023.
- 0% officer compensation across all reported periods, indicating volunteer leadership and high efficiency.
- Healthy operational surplus in 2023 ($92,545 revenue vs. $74,386 expenses).
- Strong program focus implied by lean operations and volunteer leadership.
Frequently Asked Questions about Friends Of The Theo Ratliff Center
Is Friends Of The Theo Ratliff Center a legitimate charity?
Based on AI analysis of IRS 990 filings, Friends Of The Theo Ratliff Center (EIN: 203294237) some concerns. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.
How does Friends Of The Theo Ratliff Center spend its money?
Friends Of The Theo Ratliff Center directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Friends Of The Theo Ratliff Center tax-deductible?
Friends Of The Theo Ratliff Center is registered as a tax-exempt nonprofit (EIN: 203294237). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Friends Of The Theo Ratliff Center a good charity?
Based on the provided data, Friends Of The Theo Ratliff Center appears to be a good charity. It demonstrates strong program focus with 0% officer compensation, consistent revenue growth, and a lean operational structure, suggesting efficient use of donor funds.
How has the organization's revenue changed over time?
The organization's revenue has shown significant growth, increasing from $30,705 in 2018 to $61,393 in 2020, and further to $92,545 in 2023, indicating increasing support and financial capacity.
What is the significance of 0% officer compensation?
0% officer compensation across all filings signifies that the organization's leadership is volunteer-based, meaning no funds are used to pay executives. This is a strong positive indicator of financial efficiency and dedication to the mission.
Why are the assets reported as $1 in the latest period?
The reported $1 in assets for the latest period (202312) suggests a very lean operational model, where funds are likely spent quickly on programs rather than accumulated as reserves. This could also indicate a focus on direct service delivery over asset accumulation.
Filing History
IRS 990 filing history for Friends Of The Theo Ratliff Center showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2018–2023), Friends Of The Theo Ratliff Center's revenue has grown by 201.4%, moving from $31K to $93K. Total assets decreased by 100% over the same period, from $3K to $0. Total functional expenses rose by 150.6%, from $30K to $74K. In its most recent filing year (2023), Friends Of The Theo Ratliff Center reported a surplus of $18K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $93K | $74K | $0 | $0 | — | — |
| 2020 | $61K | $47K | $12K | $1 | — | View 990 |
| 2018 | $31K | $30K | $3K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $93K, expenses of $74K, and assets of $0 (revenue +50.7% year-over-year).
- 2020: Revenue of $61K, expenses of $47K, and assets of $12K (revenue +99.9% year-over-year).
- 2018: Revenue of $31K, expenses of $30K, and assets of $3K.
Data Sources and Methodology
This transparency report for Friends Of The Theo Ratliff Center 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.