Marion Senior Living Community
EIN: 421427156 · Marion, IA · NTEE: L22
| Metric | Value |
|---|---|
| Total Revenue | $55K |
| Total Expenses | $74K |
| Net Assets | $496K |
Is Marion Senior Living Community Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Marion Senior Living Community
Marion Senior Living Community (EIN: 421427156) is a nonprofit organization based in Marion, IA, classified under NTEE code L22. The organization reported total revenue of $55K and total assets of $735K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Marion Senior Living Community's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Marion Senior Living Community is a micro nonprofit that has been operating for 31 years, with 7 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of -20.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $72K |
| Total Expenses | $74K |
| Surplus / Deficit | $-2,428 |
| Total Assets | $710K |
| Total Liabilities | $214K |
| Net Assets | $496K |
| Operating Margin | -3.4% |
| Debt-to-Asset Ratio | 30.2% |
| Months of Reserves | 115.2 months |
Financial Health Grade: B
In 2023, Marion Senior Living Community reported a deficit of $2K with expenses exceeding revenue, holds 115.2 months of operating reserves (strong position), has a debt-to-asset ratio of 30.2% (moderate leverage).
Financial Trends
Over 7 years of filings (2017–2023), Marion Senior Living Community's revenue has declined at a compound annual growth rate (CAGR) of -20.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +72.0% | +101.2% | -1.0% |
| 2022 | -23.1% | +14.8% | +0.2% |
| 2021 | +25.6% | -50.1% | +2.7% |
| 2020 | +6.6% | +12.5% | -3.4% |
| 2019 | -51.3% | -30.3% | -2.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1995 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Marion Senior Living Community 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 Marion Senior Living Community 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2K, with expenses exceeding revenue.
- Debt-to-asset ratio: 30.2%.
Frequently Asked Questions about Marion Senior Living Community
Is Marion Senior Living Community a legitimate charity?
Based on AI analysis of IRS 990 filings, Marion Senior Living Community (EIN: 421427156) insufficient data. 0 red flags identified, 0 strengths noted.
How does Marion Senior Living Community spend its money?
Detailed spending breakdown data is not yet available for Marion Senior Living Community. Check back for updated IRS 990 analysis.
Are donations to Marion Senior Living Community tax-deductible?
Marion Senior Living Community is registered as a tax-exempt nonprofit (EIN: 421427156). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Marion Senior Living Community located?
Marion Senior Living Community is headquartered in Marion, Iowa and files with the IRS under EIN 421427156. It is classified under NTEE code L22.
How many years of IRS 990 filings does Marion Senior Living Community have?
Marion Senior Living Community has 7 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 $55K in total revenue.
Filing History
IRS 990 filing history for Marion Senior Living Community showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2017–2023), Marion Senior Living Community's revenue has declined by 74.8%, moving from $284K to $72K. Total assets decreased by 2.5% over the same period, from $729K to $710K. Total functional expenses rose by 51.3%, from $49K to $74K. In its most recent filing year (2023), Marion Senior Living Community reported a deficit of $2K, with expenses exceeding revenue. The organization holds $214K in liabilities against $710K in assets (debt-to-asset ratio: 30.2%), resulting in net assets of $496K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $72K | $74K | $710K | $214K | — | — |
| 2022 | $42K | $37K | $718K | $219K | — | View 990 |
| 2021 | $54K | $32K | $716K | $223K | — | — |
| 2020 | $43K | $64K | $698K | $226K | — | View 990 |
| 2019 | $40K | $57K | $722K | $229K | — | View 990 |
| 2018 | $83K | $82K | $741K | $232K | — | View 990 |
| 2017 | $284K | $49K | $729K | $232K | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $72K, expenses of $74K, and assets of $710K (revenue +72.0% year-over-year).
- 2022: Revenue of $42K, expenses of $37K, and assets of $718K (revenue -23.1% year-over-year).
- 2021: Revenue of $54K, expenses of $32K, and assets of $716K (revenue +25.6% year-over-year).
- 2020: Revenue of $43K, expenses of $64K, and assets of $698K (revenue +6.6% year-over-year).
- 2019: Revenue of $40K, expenses of $57K, and assets of $722K (revenue -51.3% year-over-year).
- 2018: Revenue of $83K, expenses of $82K, and assets of $741K (revenue -70.7% year-over-year).
- 2017: Revenue of $284K, expenses of $49K, and assets of $729K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Marion Senior Living Community:
Data Sources and Methodology
This transparency report for Marion Senior Living Community 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.