Hendricks College Network Inc
Hendricks College Network Inc shows strong financial growth and no reported officer compensation across all filings.
EIN: 141864323 · Avon, IN · NTEE: B80 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $425K |
| Total Expenses | $313K |
| Program Spending | 90% |
| Net Assets | $152K |
| Transparency Score | 92/100 |
Is Hendricks College Network Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hendricks College Network Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hendricks College Network Inc
Hendricks College Network Inc (EIN: 141864323) is a nonprofit organization based in Avon, IN, classified under NTEE code B80. The organization reported total revenue of $425K and total assets of $910K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hendricks College Network Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hendricks College Network Inc is a small nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $340K |
| Total Expenses | $313K |
| Surplus / Deficit | +$27K |
| Total Assets | $680K |
| Total Liabilities | $528K |
| Net Assets | $152K |
| Operating Margin | 8.1% |
| Debt-to-Asset Ratio | 77.6% |
| Months of Reserves | 26.1 months |
Financial Health Grade: A
In 2023, Hendricks College Network Inc reported a surplus of $27K with revenue exceeding expenses, holds 26.1 months of operating reserves (strong position), has a debt-to-asset ratio of 77.6% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Hendricks College Network Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +15.3% | +25.7% | +31.0% |
| 2022 | +113.2% | +103.3% | +208.7% |
| 2021 | +10.0% | +0.8% | +63.8% |
| 2020 | -1.7% | +8.1% | -11.0% |
| 2019 | -1.6% | -1.2% | +9.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
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 Hendricks College Network Inc 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Hendricks College Network Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. 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 $27K, with revenue exceeding expenses.
- Debt-to-asset ratio: 77.6%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, suggesting that the organization's leadership is either entirely volunteer-based or compensated through mechanisms not classified as officer compensation, which is highly favorable for directing resources to its mission.
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.
Strengths
The following positive indicators were identified for Hendricks College Network Inc:
- Consistent revenue growth, increasing from $138,250 in 2021 to $340,021 in 2023.
- Significant asset growth, from $168,213 in 2021 to $680,379 in 2023.
- Positive operating margins, with revenues consistently exceeding expenses in recent years (e.g., $340,021 revenue vs. $312,589 expenses in 2023).
- 0% officer compensation reported across all available filings, indicating efficient use of funds.
- Healthy asset-to-liability ratio, with assets of $680,379 significantly exceeding liabilities of $527,932 in 2023.
Frequently Asked Questions about Hendricks College Network Inc
Is Hendricks College Network Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Hendricks College Network Inc (EIN: 141864323) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Hendricks College Network Inc spend its money?
Hendricks College Network Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hendricks College Network Inc tax-deductible?
Hendricks College Network Inc is registered as a tax-exempt nonprofit (EIN: 141864323). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Hendricks College Network Inc's spending goes to programs?
Hendricks College Network Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Hendricks College Network Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Hendricks College Network Inc is above average for NTEE category B80 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hendricks College Network Inc located?
Hendricks College Network Inc is headquartered in Avon, Indiana and files with the IRS under EIN 141864323. It is classified under NTEE code B80.
How many years of IRS 990 filings does Hendricks College Network Inc have?
Hendricks College Network 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 $425K in total revenue.
Is Hendricks College Network Inc a good charity?
Based on the available financial data, Hendricks College Network Inc appears to be a good charity. It demonstrates strong financial growth, maintains a healthy operating surplus, and reports 0% officer compensation, indicating a high dedication to its mission.
How has Hendricks College Network Inc's financial health changed over time?
Hendricks College Network Inc has shown significant financial improvement and growth, particularly in recent years. Revenue increased from $138,250 in 2021 to $340,021 in 2023, and assets grew from $168,213 to $680,379 in the same period, indicating a strong upward trend.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation in all available IRS 990 filings, suggesting a commitment to minimizing administrative overhead and maximizing resources for program delivery.
Filing History
IRS 990 filing history for Hendricks College Network Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Hendricks College Network Inc's revenue has grown by 90.1%, moving from $179K to $340K. Total assets increased by 1268.6% over the same period, from $50K to $680K. Total functional expenses rose by 86.3%, from $168K to $313K. In its most recent filing year (2023), Hendricks College Network Inc reported a surplus of $27K, with revenue exceeding expenses. The organization holds $528K in liabilities against $680K in assets (debt-to-asset ratio: 77.6%), resulting in net assets of $152K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $340K | $313K | $680K | $528K | — | View 990 |
| 2022 | $295K | $249K | $519K | $394K | — | — |
| 2021 | $138K | $122K | $168K | $89K | — | View 990 |
| 2020 | $126K | $121K | $103K | $40K | — | View 990 |
| 2019 | $128K | $112K | $115K | $57K | — | View 990 |
| 2018 | $130K | $114K | $105K | $62K | — | View 990 |
| 2017 | $106K | $111K | $95K | $69K | — | View 990 |
| 2016 | $98K | $100K | $96K | $65K | — | View 990 |
| 2015 | $92K | $102K | $72K | $38K | — | View 990 |
| 2014 | $96K | $102K | $44K | $0 | — | View 990 |
| 2013 | $320K | $131K | $50K | $0 | — | View 990 |
| 2012 | $110K | $118K | $41K | $0 | — | View 990 |
| 2011 | $179K | $168K | $50K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $340K, expenses of $313K, and assets of $680K (revenue +15.3% year-over-year).
- 2022: Revenue of $295K, expenses of $249K, and assets of $519K (revenue +113.2% year-over-year).
- 2021: Revenue of $138K, expenses of $122K, and assets of $168K (revenue +10.0% year-over-year).
- 2020: Revenue of $126K, expenses of $121K, and assets of $103K (revenue -1.7% year-over-year).
- 2019: Revenue of $128K, expenses of $112K, and assets of $115K (revenue -1.6% year-over-year).
- 2018: Revenue of $130K, expenses of $114K, and assets of $105K (revenue +22.2% year-over-year).
- 2017: Revenue of $106K, expenses of $111K, and assets of $95K (revenue +9.0% year-over-year).
- 2016: Revenue of $98K, expenses of $100K, and assets of $96K (revenue +5.7% year-over-year).
- 2015: Revenue of $92K, expenses of $102K, and assets of $72K (revenue -3.4% year-over-year).
- 2014: Revenue of $96K, expenses of $102K, and assets of $44K (revenue -70.1% year-over-year).
- 2013: Revenue of $320K, expenses of $131K, and assets of $50K (revenue +190.8% year-over-year).
- 2012: Revenue of $110K, expenses of $118K, and assets of $41K (revenue -38.4% year-over-year).
- 2011: Revenue of $179K, expenses of $168K, and assets of $50K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hendricks College Network Inc:
Data Sources and Methodology
This transparency report for Hendricks College Network 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.