Mound Street Health Careers Academy
Mound Street Health Careers Academy faces significant financial challenges with declining revenue and increasing liabilities.
EIN: 10607900 · Dayton, OH · NTEE: B29 · Updated: 2026-03-27
Is Mound Street Health Careers Academy Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mound Street Health Careers Academy directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mound Street Health Careers Academy
Mound Street Health Careers Academy (EIN: 10607900) is a nonprofit organization based in Dayton, OH, classified under NTEE code B29. The organization reported total revenue of $663K and total assets of $1.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mound Street Health Careers Academy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Mound Street Health Careers Academy 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Mound Street Health Careers Academy allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that the organization's leadership either serves on a volunteer basis or is compensated through other means not categorized as officer compensation, which is unusual for an organization of this size and age.
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 Mound Street Health Careers Academy's IRS 990 filings:
- Consistent decline in revenue from $1,559,323 in 2011 to $663,146 currently.
- Expenses frequently exceed revenue, indicating operating deficits (e.g., $747,145 expenses vs. $648,482 revenue in 2017).
- Dramatic increase in liabilities from $155,447 in 2011 to $2,223,050 in 2017.
- Significant decrease in assets from $3,559,527 in 2011 to $1,878,512 currently.
- Negative net assets in recent years (e.g., Assets $2,051,891 vs. Liabilities $2,223,050 in 2017).
Strengths
The following positive indicators were identified for Mound Street Health Careers Academy:
- Consistent reporting of 0% officer compensation, suggesting a focus on directing funds to programs rather than executive salaries.
Frequently Asked Questions about Mound Street Health Careers Academy
Is Mound Street Health Careers Academy a legitimate charity?
Based on AI analysis of IRS 990 filings, Mound Street Health Careers Academy (EIN: 10607900) significant concerns. Mission Score: 45/100. 5 red flags identified, 1 strength noted.
How does Mound Street Health Careers Academy spend its money?
Mound Street Health Careers Academy directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mound Street Health Careers Academy tax-deductible?
Mound Street Health Careers Academy is registered as a tax-exempt nonprofit (EIN: 10607900). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Mound Street Health Careers Academy financially stable?
Based on the declining revenue, consistent operating deficits (expenses exceeding revenue in most years), and a significant increase in liabilities from $155,447 in 2011 to $2,223,050 in 2017, the organization appears to be facing significant financial instability.
Why have the organization's assets decreased so much?
Assets have decreased from $3,559,527 in 2011 to $1,878,512 currently, likely due to the organization consistently spending more than it earns and potentially liquidating assets to cover operational costs or liabilities.
What is the reason for the substantial increase in liabilities?
Liabilities have dramatically increased from $155,447 in 2011 to $2,223,050 in 2017. This could be due to accumulating debt, unpaid bills, or other financial obligations, which is a serious concern for the organization's solvency.
How does the 0% officer compensation impact the organization?
While 0% officer compensation can indicate a strong commitment to program spending and volunteer leadership, it also raises questions about the sustainability of leadership and whether key personnel are being compensated through other means or if the organization struggles to attract paid executive talent.
Filing History
IRS 990 filing history for Mound Street Health Careers Academy showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2011–2017), Mound Street Health Careers Academy's revenue has declined by 58.4%, moving from $1.6M to $648K. Total assets decreased by 42.4% over the same period, from $3.6M to $2.1M. Total functional expenses fell by 44.9%, from $1.4M to $747K. In its most recent filing year (2017), Mound Street Health Careers Academy reported a deficit of $99K, with expenses exceeding revenue. The organization holds $2.2M in liabilities against $2.1M in assets (debt-to-asset ratio: 108.3%), resulting in net assets of $-171,159.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2017 | $648K | $747K | $2.1M | $2.2M | — | View 990 |
| 2016 | $624K | $1.0M | $2.1M | $2.5M | — | View 990 |
| 2015 | $597K | $1.1M | $2.3M | $2.0M | — | View 990 |
| 2014 | $785K | $1.2M | $2.7M | $139K | — | View 990 |
| 2013 | $1.0M | $1.3M | $3.1M | $152K | — | View 990 |
| 2012 | $1.2M | $1.4M | $3.4M | $196K | — | View 990 |
| 2011 | $1.6M | $1.4M | $3.6M | $155K | — | View 990 |
Year-by-Year Financial Summary
- 2017: Revenue of $648K, expenses of $747K, and assets of $2.1M (revenue +3.9% year-over-year).
- 2016: Revenue of $624K, expenses of $1.0M, and assets of $2.1M (revenue +4.5% year-over-year).
- 2015: Revenue of $597K, expenses of $1.1M, and assets of $2.3M (revenue -23.9% year-over-year).
- 2014: Revenue of $785K, expenses of $1.2M, and assets of $2.7M (revenue -21.8% year-over-year).
- 2013: Revenue of $1.0M, expenses of $1.3M, and assets of $3.1M (revenue -13.8% year-over-year).
- 2012: Revenue of $1.2M, expenses of $1.4M, and assets of $3.4M (revenue -25.4% year-over-year).
- 2011: Revenue of $1.6M, expenses of $1.4M, and assets of $3.6M.
Data Sources and Methodology
This transparency report for Mound Street Health Careers Academy 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.