Nadus Films Inc
Nadus Films Inc. faces severe financial decline with revenue plummeting and expenses consistently exceeding income in recent years.
EIN: 208562949 · Louisville, KY · NTEE: Q20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $93K |
| Total Expenses | $21K |
| Program Spending | 70% |
| Net Assets | $39K |
| Transparency Score | 35/100 |
Is Nadus Films Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Nadus Films Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Nadus Films Inc
Nadus Films Inc (EIN: 208562949) is a nonprofit organization based in Louisville, KY, classified under NTEE code Q20. The organization reported total revenue of $93K and total assets of $56K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nadus Films Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Nadus Films Inc is a micro nonprofit that has been operating for 18 years, with 11 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -29.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2K |
| Total Expenses | $21K |
| Surplus / Deficit | $-19,023 |
| Total Assets | $41K |
| Total Liabilities | $2K |
| Net Assets | $39K |
| Operating Margin | -792.6% |
| Debt-to-Asset Ratio | 4.0% |
| Months of Reserves | 22.8 months |
Financial Health Grade: B
In 2023, Nadus Films Inc reported a deficit of $19K with expenses exceeding revenue, holds 22.8 months of operating reserves (strong position), has a debt-to-asset ratio of 4.0% (very low leverage).
Financial Trends
Over 11 years of filings (2011–2023), Nadus Films Inc's revenue has declined at a compound annual growth rate (CAGR) of -29.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -38.5% | +414.1% | -31.8% |
| 2022 | -25.0% | -83.1% | -0.2% |
| 2021 | -73.2% | -4.7% | -23.1% |
| 2020 | -88.5% | -70.7% | -7.7% |
| 2019 | +0.3% | -78.9% | +1686.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2008 |
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 Nadus Films Inc with a Mission Score of 35 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Nadus Films Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $19K, with expenses exceeding revenue.
- Debt-to-asset ratio: 4.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that the organization's leadership is either unpaid or compensated through non-reportable means, which is unusual for an organization that previously handled revenues in the hundreds of thousands.
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 Nadus Films Inc's IRS 990 filings:
- Severe and consistent decline in revenue over recent years, from $436,669 in 2017 to $2,400 in 2023.
- Expenses consistently exceeding revenue in recent periods (e.g., $21,423 expenses vs. $2,400 revenue in 2023), indicating operational deficits.
- Significant decrease in assets from $258,829 in 2017 to $40,672 in 2023, suggesting asset depletion.
- Unusually low revenue for an organization that previously managed substantial funds, raising questions about current operational scope.
- Lack of detailed expense breakdown in the provided data makes it difficult to assess true spending efficiency.
Strengths
The following positive indicators were identified for Nadus Films Inc:
- Consistent reporting of 0% officer compensation across all filings, indicating a commitment to minimizing executive overhead.
- Consistent filing of IRS Form 990s, demonstrating basic compliance and transparency in reporting financial summaries.
Frequently Asked Questions about Nadus Films Inc
Is Nadus Films Inc a legitimate charity?
Nadus Films Inc (EIN: 208562949) is a registered tax-exempt nonprofit based in Kentucky. Our AI analysis gives it a Mission Score of 35/100. It has 11 years of IRS 990 filings on record. Total revenue: $93K. 5 red flags identified. 2 strengths noted. Financial health grade: B.
How does Nadus Films Inc spend its money?
Nadus Films Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Nadus Films Inc tax-deductible?
Nadus Films Inc is registered as a tax-exempt nonprofit (EIN: 208562949). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Nadus Films Inc's spending goes to programs?
Nadus Films Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Nadus Films Inc compare to similar nonprofits?
With a transparency score of 35/100 (Poor), Nadus Films Inc is below average for NTEE category Q20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Nadus Films Inc located?
Nadus Films Inc is headquartered in Louisville, Kentucky and files with the IRS under EIN 208562949. It is classified under NTEE code Q20.
How many years of IRS 990 filings does Nadus Films Inc have?
Nadus Films Inc has 11 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 $93K in total revenue.
What caused the drastic decline in revenue from $436,669 in 2017 to $2,400 in 2023?
The provided data does not specify the reasons for the revenue decline, but it is a critical factor impacting the organization's sustainability.
How is Nadus Films Inc. covering its expenses when revenue is significantly lower, such as $2,400 in revenue against $21,423 in expenses in 2023?
The organization appears to be operating at a significant deficit, potentially drawing down assets or relying on undisclosed funding sources to cover the gap.
What are the specific program activities and their impact, given the NTEE code Q20 (Media & Communications)?
The provided financial data does not detail program activities or their impact, making it difficult to assess the effectiveness of their mission fulfillment.
What is the long-term financial strategy for Nadus Films Inc. given its current financial trajectory?
The current financial trends suggest an unsustainable model, and a clear strategy for revenue generation and expense management would be necessary for future viability.
Filing History
IRS 990 filing history for Nadus Films Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2023), Nadus Films Inc's revenue has declined by 98.5%, moving from $155K to $2K. Total assets decreased by 62.7% over the same period, from $109K to $41K. Total functional expenses fell by 88.4%, from $185K to $21K. In its most recent filing year (2023), Nadus Films Inc reported a deficit of $19K, with expenses exceeding revenue. The organization holds $2K in liabilities against $41K in assets (debt-to-asset ratio: 4.0%), resulting in net assets of $39K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2K | $21K | $41K | $2K | — | — |
| 2022 | $4K | $4K | $60K | $2K | — | View 990 |
| 2021 | $5K | $25K | $60K | $1K | — | — |
| 2020 | $19K | $26K | $78K | $0 | — | — |
| 2019 | $168K | $88K | $84K | $0 | — | View 990 |
| 2018 | $167K | $419K | $5K | $0 | — | View 990 |
| 2017 | $437K | $305K | $259K | $2K | — | View 990 |
| 2016 | $302K | $170K | $132K | $0 | — | View 990 |
| 2014 | $106K | $107K | $11K | $539 | — | View 990 |
| 2012 | $111K | $182K | $37K | $97 | — | View 990 |
| 2011 | $155K | $185K | $109K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2K, expenses of $21K, and assets of $41K (revenue -38.5% year-over-year).
- 2022: Revenue of $4K, expenses of $4K, and assets of $60K (revenue -25.0% year-over-year).
- 2021: Revenue of $5K, expenses of $25K, and assets of $60K (revenue -73.2% year-over-year).
- 2020: Revenue of $19K, expenses of $26K, and assets of $78K (revenue -88.5% year-over-year).
- 2019: Revenue of $168K, expenses of $88K, and assets of $84K (revenue +0.3% year-over-year).
- 2018: Revenue of $167K, expenses of $419K, and assets of $5K (revenue -61.7% year-over-year).
- 2017: Revenue of $437K, expenses of $305K, and assets of $259K (revenue +44.6% year-over-year).
- 2016: Revenue of $302K, expenses of $170K, and assets of $132K (revenue +184.5% year-over-year).
- 2014: Revenue of $106K, expenses of $107K, and assets of $11K (revenue -4.2% year-over-year).
- 2012: Revenue of $111K, expenses of $182K, and assets of $37K (revenue -28.7% year-over-year).
- 2011: Revenue of $155K, expenses of $185K, and assets of $109K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Nadus Films Inc:
Data Sources and Methodology
This transparency report for Nadus Films 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.