Holie Vii Inc
Holie Vii Inc. faces persistent operating deficits and declining assets, raising long-term financial sustainability concerns.
EIN: 203973544 · Mequon, WI · NTEE: L119 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $306K |
| Total Expenses | $472K |
| Program Spending | 70% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $-1,809,127 |
| Transparency Score | 45/100 |
Is Holie Vii Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Holie Vii Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Holie Vii Inc
Holie Vii Inc (EIN: 203973544) is a nonprofit organization based in Mequon, WI, classified under NTEE code L119. The organization reported total revenue of $306K and total assets of $1.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Holie Vii Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Holie Vii Inc is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 4.6%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $289K |
| Total Expenses | $472K |
| Surplus / Deficit | $-182,687 |
| Total Assets | $1.8M |
| Total Liabilities | $3.6M |
| Net Assets | $-1,809,127 |
| Operating Margin | -63.2% |
| Debt-to-Asset Ratio | 199.1% |
| Months of Reserves | 46.4 months |
Financial Health Grade: C
In 2024, Holie Vii Inc reported a deficit of $183K with expenses exceeding revenue, holds 46.4 months of operating reserves (strong position), has a debt-to-asset ratio of 199.1% (high leverage).
Financial Trends
Over 13 years of filings (2012–2024), Holie Vii Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +1.6% | +21.3% | -8.9% |
| 2023 | +3.6% | +2.5% | -4.9% |
| 2022 | +5.3% | +2.6% | -4.7% |
| 2021 | +2.5% | +7.5% | -5.5% |
| 2020 | +4.1% | -4.4% | -3.1% |
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 Holie Vii Inc with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Holie Vii Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $183K, with expenses exceeding revenue.
- Debt-to-asset ratio: 199.1%.
Executive Compensation Analysis
Holie Vii Inc. consistently reports $0 in officer compensation across all available filings, which is a positive indicator for a nonprofit of its size, suggesting a volunteer-led executive structure or that compensation is covered by other entities.
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 Holie Vii Inc's IRS 990 filings:
- Consistent operating deficits, with expenses significantly exceeding revenue in every reported period (e.g., $471,635 expenses vs. $288,948 revenue in 202404).
- Declining asset base over time, from $2,817,495 in 201504 to $1,824,839 in 202404.
- High and stable liabilities (around $3.6 million) relative to declining assets and revenue, indicating potential solvency issues.
Strengths
The following positive indicators were identified for Holie Vii Inc:
- Consistent reporting of $0 officer compensation, indicating a potentially volunteer-driven executive leadership.
- Long operational history with 13 filings, suggesting established presence.
Frequently Asked Questions about Holie Vii Inc
Is Holie Vii Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Holie Vii Inc (EIN: 203973544) significant concerns. Mission Score: 45/100. 3 red flags identified, 2 strengths noted.
How does Holie Vii Inc spend its money?
Holie Vii Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Holie Vii Inc tax-deductible?
Holie Vii Inc is registered as a tax-exempt nonprofit (EIN: 203973544). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Holie Vii Inc CEO make?
Holie Vii Inc's highest-compensated officer earns $0 annually. The organization reported $306K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Holie Vii Inc's spending goes to programs?
Holie Vii Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Holie Vii Inc compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Holie Vii Inc is near average for NTEE category L119 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Holie Vii Inc located?
Holie Vii Inc is headquartered in Mequon, Wisconsin and files with the IRS under EIN 203973544. It is classified under NTEE code L119.
How many years of IRS 990 filings does Holie Vii Inc have?
Holie Vii 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 $306K in total revenue.
Is Holie Vii Inc. financially sustainable given its consistent operating deficits?
Holie Vii Inc. has consistently reported expenses exceeding revenues, with a deficit of $182,687 in the latest period (202404). This trend, coupled with declining assets and high liabilities, raises significant concerns about its long-term financial sustainability.
What is the primary source of funding covering the organization's deficits?
The provided data does not explicitly state the primary source covering the deficits. However, the declining asset base suggests that the organization may be drawing down its reserves or relying on other non-operating income not detailed in the revenue figures to cover the gap between expenses and operating revenue.
Why have liabilities remained consistently high around $3.6 million for Holie Vii Inc.?
The consistent high level of liabilities (e.g., $3,633,966 in 202404) suggests the presence of significant long-term debt or other obligations. Without further detail from the financial statements, the specific nature of these liabilities cannot be determined.
Filing History
IRS 990 filing history for Holie Vii Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Holie Vii Inc's revenue has grown by 72.2%, moving from $168K to $289K. Total assets decreased by 42% over the same period, from $3.1M to $1.8M. Total functional expenses rose by 80.3%, from $262K to $472K. In its most recent filing year (2024), Holie Vii Inc reported a deficit of $183K, with expenses exceeding revenue. The organization holds $3.6M in liabilities against $1.8M in assets (debt-to-asset ratio: 199.1%), resulting in net assets of $-1,809,127.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $289K | $472K | $1.8M | $3.6M | — | — |
| 2023 | $284K | $389K | $2.0M | $3.6M | — | — |
| 2022 | $275K | $379K | $2.1M | $3.6M | — | View 990 |
| 2021 | $261K | $370K | $2.2M | $3.6M | — | View 990 |
| 2020 | $255K | $344K | $2.3M | $3.6M | — | View 990 |
| 2019 | $245K | $360K | $2.4M | $3.6M | — | View 990 |
| 2018 | $238K | $332K | $2.5M | $3.6M | — | — |
| 2017 | $237K | $326K | $2.6M | $3.6M | — | View 990 |
| 2016 | $226K | $335K | $2.7M | $3.6M | — | View 990 |
| 2015 | $203K | $306K | $2.8M | $3.6M | — | View 990 |
| 2014 | $190K | $318K | $2.9M | $3.6M | — | View 990 |
| 2013 | $176K | $270K | $3.0M | $3.6M | — | View 990 |
| 2012 | $168K | $262K | $3.1M | $3.6M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $289K, expenses of $472K, and assets of $1.8M (revenue +1.6% year-over-year).
- 2023: Revenue of $284K, expenses of $389K, and assets of $2.0M (revenue +3.6% year-over-year).
- 2022: Revenue of $275K, expenses of $379K, and assets of $2.1M (revenue +5.3% year-over-year).
- 2021: Revenue of $261K, expenses of $370K, and assets of $2.2M (revenue +2.5% year-over-year).
- 2020: Revenue of $255K, expenses of $344K, and assets of $2.3M (revenue +4.1% year-over-year).
- 2019: Revenue of $245K, expenses of $360K, and assets of $2.4M (revenue +2.6% year-over-year).
- 2018: Revenue of $238K, expenses of $332K, and assets of $2.5M (revenue +0.4% year-over-year).
- 2017: Revenue of $237K, expenses of $326K, and assets of $2.6M (revenue +5.1% year-over-year).
- 2016: Revenue of $226K, expenses of $335K, and assets of $2.7M (revenue +11.5% year-over-year).
- 2015: Revenue of $203K, expenses of $306K, and assets of $2.8M (revenue +6.4% year-over-year).
- 2014: Revenue of $190K, expenses of $318K, and assets of $2.9M (revenue +8.0% year-over-year).
- 2013: Revenue of $176K, expenses of $270K, and assets of $3.0M (revenue +5.1% year-over-year).
- 2012: Revenue of $168K, expenses of $262K, and assets of $3.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Holie Vii Inc:
Data Sources and Methodology
This transparency report for Holie Vii 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.