Genesis Financial Management Inc
EIN: 522354330 · Tampa, FL
| Metric | Value |
|---|---|
| Total Expenses | $608K |
| Net Assets | $-54,300 |
Is Genesis Financial Management Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Genesis Financial Management Inc
Genesis Financial Management Inc (EIN: 522354330) is a nonprofit organization based in Tampa, FL. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Genesis Financial Management Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Genesis Financial Management Inc is a small nonprofit, with 5 years of IRS 990 filings on record (2011–2015). Revenue has grown at a compound annual rate of -31.2%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
| Total Revenue | $568K |
| Total Expenses | $608K |
| Surplus / Deficit | $-40,154 |
| Total Assets | $264K |
| Total Liabilities | $319K |
| Net Assets | $-54,300 |
| Operating Margin | -7.1% |
| Debt-to-Asset Ratio | 120.5% |
| Months of Reserves | 5.2 months |
Financial Health Grade: C
In 2015, Genesis Financial Management Inc reported a deficit of $40K with expenses exceeding revenue, holds 5.2 months of operating reserves (adequate), has a debt-to-asset ratio of 120.5% (high leverage).
Financial Trends
Over 5 years of filings (2011–2015), Genesis Financial Management Inc's revenue has declined at a compound annual growth rate (CAGR) of -31.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2015 | -35.1% | -29.6% | +5.3% |
| 2014 | -32.0% | -38.9% | +19.8% |
| 2013 | -28.4% | -22.3% | -44.8% |
| 2012 | -29.3% | -28.9% | -24.9% |
AI Analysis Pending
AI enrichment for Genesis Financial Management Inc 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 Genesis Financial Management Inc 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 (2015)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $40K, with expenses exceeding revenue.
- Debt-to-asset ratio: 120.5%.
Frequently Asked Questions about Genesis Financial Management Inc
Is Genesis Financial Management Inc a legitimate charity?
Genesis Financial Management Inc (EIN: 522354330) is a registered tax-exempt nonprofit based in Florida. It has 5 years of IRS 990 filings on record. No red flags identified. Financial health grade: C.
How does Genesis Financial Management Inc spend its money?
Genesis Financial Management Inc reported its financials in IRS 990 filings. 5 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Genesis Financial Management Inc tax-deductible?
Genesis Financial Management Inc is registered as a tax-exempt nonprofit (EIN: 522354330). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Genesis Financial Management Inc located?
Genesis Financial Management Inc is headquartered in Tampa, Florida and files with the IRS under EIN 522354330.
How many years of IRS 990 filings does Genesis Financial Management Inc have?
Genesis Financial Management Inc has 5 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Filing History
IRS 990 filing history for Genesis Financial Management Inc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2011–2015), Genesis Financial Management Inc's revenue has declined by 77.6%, moving from $2.5M to $568K. Total assets decreased by 47.7% over the same period, from $505K to $264K. Total functional expenses fell by 76.2%, from $2.6M to $608K. In its most recent filing year (2015), Genesis Financial Management Inc reported a deficit of $40K, with expenses exceeding revenue. The organization holds $319K in liabilities against $264K in assets (debt-to-asset ratio: 120.5%), resulting in net assets of $-54,300.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2015 | $568K | $608K | $264K | $319K | — | View 990 |
| 2014 | $876K | $864K | $251K | $265K | — | View 990 |
| 2013 | $1.3M | $1.4M | $210K | $235K | — | View 990 |
| 2012 | $1.8M | $1.8M | $380K | $280K | — | View 990 |
| 2011 | $2.5M | $2.6M | $505K | $384K | — | View 990 |
Year-by-Year Financial Summary
- 2015: Revenue of $568K, expenses of $608K, and assets of $264K (revenue -35.1% year-over-year).
- 2014: Revenue of $876K, expenses of $864K, and assets of $251K (revenue -32.0% year-over-year).
- 2013: Revenue of $1.3M, expenses of $1.4M, and assets of $210K (revenue -28.4% year-over-year).
- 2012: Revenue of $1.8M, expenses of $1.8M, and assets of $380K (revenue -29.3% year-over-year).
- 2011: Revenue of $2.5M, expenses of $2.6M, and assets of $505K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Genesis Financial Management Inc:
Data Sources and Methodology
This transparency report for Genesis Financial Management 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.