Mother Theodore Corporation Iii
Mother Theodore Corporation Iii maintains stable operations with no reported executive compensation, despite a gradual decline in assets.
EIN: 202515059 · Terre Haute, IN · NTEE: L20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $433K |
| Total Expenses | $418K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $432,805, |
| Net Assets | $1.9M |
| Transparency Score | 85/100 |
Is Mother Theodore Corporation Iii Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mother Theodore Corporation Iii directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mother Theodore Corporation Iii
Mother Theodore Corporation Iii (EIN: 202515059) is a nonprofit organization based in Terre Haute, IN, classified under NTEE code L20. The organization reported total revenue of $433K and total assets of $2.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mother Theodore Corporation Iii's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mother Theodore Corporation Iii is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). 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 | $411K |
| Total Expenses | $418K |
| Surplus / Deficit | $-6,727 |
| Total Assets | $2.0M |
| Total Liabilities | $92K |
| Net Assets | $1.9M |
| Operating Margin | -1.6% |
| Debt-to-Asset Ratio | 4.6% |
| Months of Reserves | 57.6 months |
Financial Health Grade: B
In 2023, Mother Theodore Corporation Iii reported a deficit of $7K with expenses exceeding revenue, holds 57.6 months of operating reserves (strong position), has a debt-to-asset ratio of 4.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Mother Theodore Corporation Iii's revenue has declined at a compound annual growth rate (CAGR) of -4.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.3% | +8.3% | -0.9% |
| 2022 | +6.7% | -0.9% | -1.2% |
| 2021 | +10.6% | +18.3% | -3.1% |
| 2020 | +6.1% | -5.4% | -1.5% |
| 2019 | -1.5% | -4.7% | -2.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| 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 Mother Theodore Corporation Iii with a Mission Score of 85 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: 90%
- fundraising: 0%
According to IRS 990 filings, Mother Theodore Corporation Iii allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. 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 deficit of $7K, with expenses exceeding revenue.
- Debt-to-asset ratio: 4.6%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no salaries are paid to officers. This is highly unusual for an organization of its size (latest revenue $432,805, assets $1,991,148) and suggests a strong commitment to directing funds towards its mission rather than executive salaries.
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 Mother Theodore Corporation Iii's IRS 990 filings:
- Gradual decline in total assets over the past decade (from $2,333,861 in 2014 to $2,003,813 in 2023)
Strengths
The following positive indicators were identified for Mother Theodore Corporation Iii:
- Consistent 0% officer compensation across all filings, indicating high efficiency in directing funds to mission
- Significant reduction in liabilities over the past decade (from $296,150 in 2014 to $92,355 in 2023)
- Stable revenue generation generally covering expenses
- Long history of consistent IRS 990 filings, demonstrating transparency
Frequently Asked Questions about Mother Theodore Corporation Iii
Is Mother Theodore Corporation Iii a legitimate charity?
Mother Theodore Corporation Iii (EIN: 202515059) is a registered tax-exempt nonprofit based in Indiana. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $433K. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Mother Theodore Corporation Iii spend its money?
Mother Theodore Corporation Iii directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Mother Theodore Corporation Iii tax-deductible?
Mother Theodore Corporation Iii is registered as a tax-exempt nonprofit (EIN: 202515059). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Mother Theodore Corporation Iii CEO make?
Mother Theodore Corporation Iii's highest-compensated officer earns $432,805, annually. The organization reported $433K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Mother Theodore Corporation Iii compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Mother Theodore Corporation Iii is above average for NTEE category L20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Mother Theodore Corporation Iii located?
Mother Theodore Corporation Iii is headquartered in Terre Haute, Indiana and files with the IRS under EIN 202515059. It is classified under NTEE code L20.
How many years of IRS 990 filings does Mother Theodore Corporation Iii have?
Mother Theodore Corporation Iii 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 $433K in total revenue.
Is Mother Theodore Corporation Iii a good charity?
Based on the available data, Mother Theodore Corporation Iii appears to be a good charity. It consistently reports 0% officer compensation, indicating a strong focus on program delivery and minimal administrative overhead. Its financial reporting is consistent, and liabilities have significantly decreased over time.
How has the organization's financial stability changed over the last decade?
The organization has maintained operational stability, with revenues generally covering expenses. Assets have gradually declined from $2,333,861 in 2014 to $2,003,813 in 2023, but liabilities have also significantly decreased from $296,150 to $92,355, improving its net financial position relative to debt.
What is the significance of 0% officer compensation?
0% officer compensation is highly significant as it means no funds are being used to pay salaries to the organization's top executives. This suggests that leadership may be volunteer-based or compensated through other means not reported as officer compensation, allowing a greater proportion of funds to be allocated to programs.
Filing History
IRS 990 filing history for Mother Theodore Corporation Iii showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Mother Theodore Corporation Iii's revenue has declined by 39.2%, moving from $676K to $411K. Total assets decreased by 12.7% over the same period, from $2.3M to $2.0M. Total functional expenses rose by 86.5%, from $224K to $418K. In its most recent filing year (2023), Mother Theodore Corporation Iii reported a deficit of $7K, with expenses exceeding revenue. The organization holds $92K in liabilities against $2.0M in assets (debt-to-asset ratio: 4.6%), resulting in net assets of $1.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $411K | $418K | $2.0M | $92K | — | — |
| 2022 | $390K | $385K | $2.0M | $105K | — | View 990 |
| 2021 | $366K | $389K | $2.0M | $134K | — | View 990 |
| 2020 | $331K | $329K | $2.1M | $176K | — | View 990 |
| 2019 | $312K | $347K | $2.1M | $209K | — | View 990 |
| 2018 | $317K | $365K | $2.2M | $220K | — | View 990 |
| 2017 | $301K | $303K | $2.3M | $236K | — | View 990 |
| 2016 | $296K | $310K | $2.3M | $254K | — | View 990 |
| 2015 | $290K | $292K | $2.3M | $273K | — | View 990 |
| 2014 | $281K | $310K | $2.3M | $296K | — | View 990 |
| 2013 | $284K | $298K | $2.4M | $314K | — | View 990 |
| 2012 | $266K | $281K | $2.4M | $333K | — | View 990 |
| 2011 | $676K | $224K | $2.3M | $199K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $411K, expenses of $418K, and assets of $2.0M (revenue +5.3% year-over-year).
- 2022: Revenue of $390K, expenses of $385K, and assets of $2.0M (revenue +6.7% year-over-year).
- 2021: Revenue of $366K, expenses of $389K, and assets of $2.0M (revenue +10.6% year-over-year).
- 2020: Revenue of $331K, expenses of $329K, and assets of $2.1M (revenue +6.1% year-over-year).
- 2019: Revenue of $312K, expenses of $347K, and assets of $2.1M (revenue -1.5% year-over-year).
- 2018: Revenue of $317K, expenses of $365K, and assets of $2.2M (revenue +5.2% year-over-year).
- 2017: Revenue of $301K, expenses of $303K, and assets of $2.3M (revenue +1.7% year-over-year).
- 2016: Revenue of $296K, expenses of $310K, and assets of $2.3M (revenue +2.0% year-over-year).
- 2015: Revenue of $290K, expenses of $292K, and assets of $2.3M (revenue +3.4% year-over-year).
- 2014: Revenue of $281K, expenses of $310K, and assets of $2.3M (revenue -1.2% year-over-year).
- 2013: Revenue of $284K, expenses of $298K, and assets of $2.4M (revenue +6.9% year-over-year).
- 2012: Revenue of $266K, expenses of $281K, and assets of $2.4M (revenue -60.7% year-over-year).
- 2011: Revenue of $676K, expenses of $224K, and assets of $2.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mother Theodore Corporation Iii:
Data Sources and Methodology
This transparency report for Mother Theodore Corporation Iii 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.