Ladacin Network Inc

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Ladacin Network Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals

Ladacin Network Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Ladacin Network Inc in one place.

Is Ladacin Network Inc Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

Across stored filings, Ladacin Network Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Ladacin Network Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Ladacin Network Inc

Ladacin Network Inc (EIN: 210674715) is a nonprofit organization based in Ocean, NJ, classified under NTEE code G200. The organization reported total revenue of $37.0M and total assets of $30.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ladacin Network Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Ladacin Network Inc is a large nonprofit that has been operating for 50 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.9%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2023, Ladacin Network Inc reported a surplus of $1.8M with revenue exceeding expenses, holds 9.8 months of operating reserves (strong position), has a debt-to-asset ratio of 25.0% (moderate leverage).

Financial Trends

Over 13 years of filings (2011–2023), Ladacin Network Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.9%.

IRS Tax-Exempt Classification

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 Ladacin Network Inc with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

• admin: 10%
• programs: 85%
• fundraising: 5%

According to IRS 990 filings, Ladacin Network Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $1.8M, with revenue exceeding expenses.
• Debt-to-asset ratio: 25.0%.

Executive Compensation Analysis

Ladacin Network Inc. consistently reports 0% officer compensation across all available IRS 990 filings, which is unusual for an organization with annual revenues exceeding $30 million. This lack of reported compensation raises questions about the true compensation structure for its leadership.

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 Ladacin Network Inc's IRS 990 filings:

• Consistent 0% officer compensation reported on IRS 990s, which is unusual for an organization of this size and revenue, potentially indicating a lack of transparency regarding executive pay.

Strengths

The following positive indicators were identified for Ladacin Network Inc:

• Consistent revenue growth over the past decade, from $23,190,895 in 2014 to $32,275,164 in 2023.
• Healthy asset growth, nearly doubling from $12,227,346 in 2014 to $24,926,387 in 2023.
• Regularly generates a surplus, with revenues exceeding expenses in most reported periods (e.g., $1,753,472 surplus in 2023).

Frequently Asked Questions about Ladacin Network Inc

Filing History

IRS 990 filing history for Ladacin Network Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Ladacin Network Inc's revenue has grown by 58.4%, moving from $20.4M to $32.3M. Total assets increased by 99.5% over the same period, from $12.5M to $24.9M. Total functional expenses rose by 53.3%, from $19.9M to $30.5M. In its most recent filing year (2023), Ladacin Network Inc reported a surplus of $1.8M, with revenue exceeding expenses. The organization holds $6.2M in liabilities against $24.9M in assets (debt-to-asset ratio: 25.0%), resulting in net assets of $18.7M.

Year-by-Year Financial Summary

• 2023: Revenue of $32.3M, expenses of $30.5M, and assets of $24.9M (revenue +5.9% year-over-year).
• 2022: Revenue of $30.5M, expenses of $26.6M, and assets of $23.4M (revenue +6.2% year-over-year).
• 2021: Revenue of $28.7M, expenses of $24.7M, and assets of $18.6M (revenue +0.3% year-over-year).
• 2020: Revenue of $28.6M, expenses of $27.2M, and assets of $15.2M (revenue +1.7% year-over-year).
• 2019: Revenue of $28.1M, expenses of $27.2M, and assets of $14.1M (revenue +9.0% year-over-year).
• 2018: Revenue of $25.8M, expenses of $25.8M, and assets of $12.4M (revenue +2.1% year-over-year).
• 2017: Revenue of $25.2M, expenses of $25.0M, and assets of $12.1M (revenue +1.3% year-over-year).
• 2016: Revenue of $24.9M, expenses of $24.6M, and assets of $12.3M (revenue +1.9% year-over-year).
• 2015: Revenue of $24.5M, expenses of $24.4M, and assets of $11.9M (revenue +5.4% year-over-year).
• 2014: Revenue of $23.2M, expenses of $23.5M, and assets of $12.2M (revenue +2.6% year-over-year).
• 2013: Revenue of $22.6M, expenses of $21.3M, and assets of $12.8M (revenue +6.1% year-over-year).
• 2012: Revenue of $21.3M, expenses of $20.9M, and assets of $11.8M (revenue +4.6% year-over-year).
• 2011: Revenue of $20.4M, expenses of $19.9M, and assets of $12.5M.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Ladacin Network Inc:

Data Sources and Methodology

This transparency report for Ladacin 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.