Genesco Sick Benefit Trust
EIN: 626048492 · Nashville, TN
| Metric | Value |
|---|---|
| Total Revenue | $727K |
| Total Expenses | $391K |
| Net Assets | $1.7M |
Is Genesco Sick Benefit Trust Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Genesco Sick Benefit Trust
Genesco Sick Benefit Trust (EIN: 626048492) is a nonprofit organization based in Nashville, TN. The organization reported total revenue of $727K and total assets of $2.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Genesco Sick Benefit Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Genesco Sick Benefit Trust is a small nonprofit that has been operating for 67 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 3.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $834K |
| Total Expenses | $391K |
| Surplus / Deficit | +$444K |
| Total Assets | $1.7M |
| Total Liabilities | $18K |
| Net Assets | $1.7M |
| Operating Margin | 53.2% |
| Debt-to-Asset Ratio | 1.1% |
| Months of Reserves | 52.3 months |
Financial Health Grade: A
In 2023, Genesco Sick Benefit Trust reported a surplus of $444K with revenue exceeding expenses, holds 52.3 months of operating reserves (strong position), has a debt-to-asset ratio of 1.1% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Genesco Sick Benefit Trust's revenue has grown at a compound annual growth rate (CAGR) of 3.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +97.1% | -26.7% | +34.3% |
| 2022 | +12.8% | +155.8% | -6.6% |
| 2021 | +33.2% | -6.6% | +14.2% |
| 2020 | -19.7% | -8.2% | +5.5% |
| 2019 | +38.7% | +0.6% | +10.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1959 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Genesco Sick Benefit Trust has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Genesco Sick Benefit Trust with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $444K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.1%.
Frequently Asked Questions about Genesco Sick Benefit Trust
Is Genesco Sick Benefit Trust a legitimate charity?
Genesco Sick Benefit Trust (EIN: 626048492) is a registered tax-exempt nonprofit based in Tennessee. It has 14 years of IRS 990 filings on record. Total revenue: $727K. No red flags identified. Financial health grade: A.
How does Genesco Sick Benefit Trust spend its money?
Genesco Sick Benefit Trust reported $727K in total revenue in IRS 990 filings. 14 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Genesco Sick Benefit Trust tax-deductible?
Genesco Sick Benefit Trust is registered as a tax-exempt nonprofit (EIN: 626048492). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Genesco Sick Benefit Trust located?
Genesco Sick Benefit Trust is headquartered in Nashville, Tennessee and files with the IRS under EIN 626048492.
How many years of IRS 990 filings does Genesco Sick Benefit Trust have?
Genesco Sick Benefit Trust 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 $727K in total revenue.
Filing History
IRS 990 filing history for Genesco Sick Benefit Trust showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Genesco Sick Benefit Trust's revenue has grown by 50.8%, moving from $553K to $834K. Total assets increased by 143.3% over the same period, from $700K to $1.7M. Total functional expenses fell by 8.2%, from $425K to $391K. In its most recent filing year (2023), Genesco Sick Benefit Trust reported a surplus of $444K, with revenue exceeding expenses. The organization holds $18K in liabilities against $1.7M in assets (debt-to-asset ratio: 1.1%), resulting in net assets of $1.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $834K | $391K | $1.7M | $18K | — | — |
| 2022 | $423K | $533K | $1.3M | $26K | — | View 990 |
| 2021 | $375K | $209K | $1.4M | $6K | — | View 990 |
| 2020 | $282K | $223K | $1.2M | $4K | — | View 990 |
| 2019 | $351K | $243K | $1.1M | $697 | — | — |
| 2018 | $253K | $242K | $1.0M | $1K | — | View 990 |
| 2017 | $419K | $247K | $1.0M | $5K | — | View 990 |
| 2016 | $418K | $346K | $838K | $2K | — | View 990 |
| 2015 | $425K | $386K | $765K | $1K | — | View 990 |
| 2014 | $512K | $482K | $728K | $3K | — | View 990 |
| 2013 | $489K | $519K | $697K | $2K | — | View 990 |
| 2012 | $525K | $531K | $727K | $2K | — | View 990 |
| 2011 | $462K | $429K | $740K | $9K | — | View 990 |
| 2010 | $553K | $425K | $700K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $834K, expenses of $391K, and assets of $1.7M (revenue +97.1% year-over-year).
- 2022: Revenue of $423K, expenses of $533K, and assets of $1.3M (revenue +12.8% year-over-year).
- 2021: Revenue of $375K, expenses of $209K, and assets of $1.4M (revenue +33.2% year-over-year).
- 2020: Revenue of $282K, expenses of $223K, and assets of $1.2M (revenue -19.7% year-over-year).
- 2019: Revenue of $351K, expenses of $243K, and assets of $1.1M (revenue +38.7% year-over-year).
- 2018: Revenue of $253K, expenses of $242K, and assets of $1.0M (revenue -39.6% year-over-year).
- 2017: Revenue of $419K, expenses of $247K, and assets of $1.0M (revenue +0.1% year-over-year).
- 2016: Revenue of $418K, expenses of $346K, and assets of $838K (revenue -1.6% year-over-year).
- 2015: Revenue of $425K, expenses of $386K, and assets of $765K (revenue -17.0% year-over-year).
- 2014: Revenue of $512K, expenses of $482K, and assets of $728K (revenue +4.8% year-over-year).
- 2013: Revenue of $489K, expenses of $519K, and assets of $697K (revenue -7.0% year-over-year).
- 2012: Revenue of $525K, expenses of $531K, and assets of $727K (revenue +13.7% year-over-year).
- 2011: Revenue of $462K, expenses of $429K, and assets of $740K (revenue -16.5% year-over-year).
- 2010: Revenue of $553K, expenses of $425K, and assets of $700K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Genesco Sick Benefit Trust:
Data Sources and Methodology
This transparency report for Genesco Sick Benefit Trust 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.