Long Term Disaster Recovery Corporation Inc
Long Term Disaster Recovery Corporation Inc shows strong asset growth and no executive compensation.
EIN: 204499208 · Madisonville, KY · NTEE: M20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $841K |
| Total Expenses | $864K |
| Program Spending | 85% |
| Net Assets | $565K |
| Transparency Score | 90/100 |
Is Long Term Disaster Recovery Corporation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Long Term Disaster Recovery Corporation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Long Term Disaster Recovery Corporation Inc
Long Term Disaster Recovery Corporation Inc (EIN: 204499208) is a nonprofit organization based in Madisonville, KY, classified under NTEE code M20. The organization reported total revenue of $841K and total assets of $281K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Long Term Disaster Recovery Corporation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Long Term Disaster Recovery Corporation Inc is a small nonprofit that has been operating for 20 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of 4.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $908K |
| Total Expenses | $864K |
| Surplus / Deficit | +$44K |
| Total Assets | $671K |
| Total Liabilities | $105K |
| Net Assets | $565K |
| Operating Margin | 4.8% |
| Debt-to-Asset Ratio | 15.7% |
| Months of Reserves | 9.3 months |
Financial Health Grade: A
In 2023, Long Term Disaster Recovery Corporation Inc reported a surplus of $44K with revenue exceeding expenses, holds 9.3 months of operating reserves (strong position), has a debt-to-asset ratio of 15.7% (very low leverage).
Financial Trends
Over 2 years of filings (2022–2023), Long Term Disaster Recovery Corporation Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.1% | +146.1% | +26.5% |
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 Long Term Disaster Recovery Corporation Inc with a Mission Score of 90 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Long Term Disaster Recovery Corporation 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 $44K, with revenue exceeding expenses.
- Debt-to-asset ratio: 15.7%.
Executive Compensation Analysis
The organization reported 0% officer compensation in both 2022 and 2023, indicating that no salaries were paid to officers, which is a strong positive for donor confidence and efficient use of funds relative to its size and revenue.
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 Long Term Disaster Recovery Corporation Inc's IRS 990 filings:
- Increase in liabilities from $8,635 in 2022 to $105,103 in 2023, warranting further investigation into their nature.
Strengths
The following positive indicators were identified for Long Term Disaster Recovery Corporation Inc:
- Consistent revenue generation, with $908,086 in 2023 and $872,553 in 2022.
- Significant asset growth from $530,108 in 2022 to $670,515 in 2023.
- Zero reported officer compensation in both 2022 and 2023, indicating strong financial stewardship.
- Positive net income in both periods, especially in 2022 where revenue significantly exceeded expenses ($872,553 vs $351,080).
Frequently Asked Questions about Long Term Disaster Recovery Corporation Inc
Is Long Term Disaster Recovery Corporation Inc a legitimate charity?
Long Term Disaster Recovery Corporation Inc (EIN: 204499208) is a registered tax-exempt nonprofit based in Kentucky. Our AI analysis gives it a Mission Score of 90/100. It has 2 years of IRS 990 filings on record. Total revenue: $841K. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Long Term Disaster Recovery Corporation Inc spend its money?
Long Term Disaster Recovery Corporation Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Long Term Disaster Recovery Corporation Inc tax-deductible?
Long Term Disaster Recovery Corporation Inc is registered as a tax-exempt nonprofit (EIN: 204499208). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Long Term Disaster Recovery Corporation Inc's spending goes to programs?
Long Term Disaster Recovery Corporation Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Long Term Disaster Recovery Corporation Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Long Term Disaster Recovery Corporation Inc is above average for NTEE category M20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Long Term Disaster Recovery Corporation Inc located?
Long Term Disaster Recovery Corporation Inc is headquartered in Madisonville, Kentucky and files with the IRS under EIN 204499208. It is classified under NTEE code M20.
How many years of IRS 990 filings does Long Term Disaster Recovery Corporation Inc have?
Long Term Disaster Recovery Corporation Inc has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $841K in total revenue.
Is Long Term Disaster Recovery Corporation Inc a good charity?
Based on the available IRS 990 data, Long Term Disaster Recovery Corporation Inc appears to be a good charity. It demonstrates strong financial health with growing assets, consistent revenue, and notably, zero reported officer compensation, indicating a high dedication to its mission and efficient use of funds.
How has the organization's financial health changed over the past two years?
The organization's financial health has improved, with assets growing from $530,108 in 2022 to $670,515 in 2023. Revenue has remained consistent, and while liabilities increased, they are still well-covered by assets.
What is the organization's approach to executive compensation?
Long Term Disaster Recovery Corporation Inc reported 0% officer compensation for both 2022 and 2023, indicating a policy of not paying salaries to its officers, which is highly favorable for donor trust and resource allocation.
Filing History
IRS 990 filing history for Long Term Disaster Recovery Corporation Inc showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Long Term Disaster Recovery Corporation Inc's revenue has grown by 4.1%, moving from $873K to $908K. Total assets increased by 26.5% over the same period, from $530K to $671K. Total functional expenses rose by 146.1%, from $351K to $864K. In its most recent filing year (2023), Long Term Disaster Recovery Corporation Inc reported a surplus of $44K, with revenue exceeding expenses. The organization holds $105K in liabilities against $671K in assets (debt-to-asset ratio: 15.7%), resulting in net assets of $565K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $908K | $864K | $671K | $105K | — | — |
| 2022 | $873K | $351K | $530K | $9K | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Long Term Disaster Recovery Corporation Inc:
Data Sources and Methodology
This transparency report for Long Term Disaster Recovery Corporation 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.