Oswego Industries Inc

Oswego Industries Inc. consistently operates near break-even with no reported officer compensation.

EIN: 162197163 · Fulton, NY · NTEE: J33Z · Updated: 2026-03-28

$7.1MRevenue

$4.1MAssets

70/100Mission Score (Good)

J33Z

About Oswego Industries Inc

Oswego Industries Inc (EIN: 162197163) is a nonprofit organization based in Fulton, NY, classified under NTEE code J33Z. The organization reported total revenue of $7.1M and total assets of $4.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Oswego Industries Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Oswego Industries Inc. demonstrates consistent financial activity, with revenues generally fluctuating around the $7-9 million mark over the past decade. In the latest filing (202312), the organization reported revenues of $6,938,571 against expenses of $7,019,672, indicating a slight deficit for the period. This trend of expenses sometimes exceeding revenue is observed in several past filings, such as 202112 and 201912, suggesting a need for careful financial management to maintain long-term stability. The organization's assets have remained relatively stable, around $3.5-$4.7 million, with liabilities consistently below $2 million, indicating a healthy asset-to-liability ratio. A notable aspect of Oswego Industries Inc.'s financial reporting is the consistent disclosure of 0% officer compensation across all available filings, which is highly unusual for an organization of this size and suggests either a unique compensation structure or a reporting anomaly that warrants further investigation for full transparency. Without a detailed breakdown of functional expenses (program, administrative, fundraising), it's challenging to fully assess spending efficiency, but the consistent operational scale suggests a stable service delivery model.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Oswego Industries Inc with a Mission Score of 70 out of 100 (Good). 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: 75%
fundraising: 10%

According to IRS 990 filings, Oswego Industries Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The consistent reporting of 0% officer compensation across all available filings is highly unusual for an organization with annual revenues exceeding $6 million. This could indicate that executive compensation is reported under other expense categories or that the organization relies entirely on volunteer leadership, which would be exceptional for its scale.

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 Oswego Industries Inc's IRS 990 filings:

Consistent 0% officer compensation reported, which is highly unusual for an organization of this size and warrants further clarification.
Expenses frequently exceed revenue in recent years (e.g., 202312, 202112, 201912), indicating potential operational deficits.

Strengths

The following positive indicators were identified for Oswego Industries Inc:

Stable asset base, consistently above $3.5 million, providing a financial cushion.
Liabilities are consistently well-managed and significantly lower than assets, indicating good financial health.
Long filing history (13 filings) demonstrates consistent operation and reporting.

Frequently Asked Questions about Oswego Industries Inc

Is Oswego Industries Inc. financially stable given its fluctuating revenue and expenses?

While Oswego Industries Inc. has experienced periods where expenses exceeded revenue (e.g., 202312, 202112, 201912), its assets have remained relatively stable and significantly exceed liabilities, suggesting a reasonable level of financial stability despite operational fluctuations.

Why is officer compensation consistently reported as 0%?

The consistent reporting of 0% officer compensation is highly unusual for an organization of this size and revenue. This could indicate that compensation is categorized differently, or that the organization operates with an entirely volunteer executive leadership, which would be a significant point of transparency to clarify.

What is the trend in the organization's net assets?

Net assets (Assets - Liabilities) have generally fluctuated but remained positive. For example, in 202312, net assets were $3,103,336 ($4,032,694 - $929,358), and in 202212, they were $3,190,373 ($3,801,709 - $611,336), indicating a healthy financial cushion.

Filing History

IRS 990 filing history for Oswego Industries Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Oswego Industries Inc's revenue has declined by 25.4%, moving from $9.3M to $6.9M. Total assets decreased by 19.2% over the same period, from $5.0M to $4.0M. Total functional expenses fell by 26.5%, from $9.6M to $7.0M. In its most recent filing year (2023), Oswego Industries Inc reported a deficit of $81K, with expenses exceeding revenue. The organization holds $929K in liabilities against $4.0M in assets (debt-to-asset ratio: 23.0%), resulting in net assets of $3.1M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$6.9M	$7.0M	$4.0M	$929K	—	—
2022	$7.7M	$7.4M	$3.8M	$611K	—	View 990
2021	$6.3M	$6.6M	$4.8M	$1.9M	—	View 990
2020	$7.5M	$7.1M	$4.3M	$1.2M	—	View 990
2019	$7.5M	$8.0M	$3.8M	$1.1M	—	View 990
2018	$9.1M	$8.7M	$4.1M	$948K	—	View 990
2017	$8.2M	$8.2M	$3.8M	$1.0M	—	—
2016	$8.1M	$8.1M	$3.6M	$937K	—	View 990
2015	$8.2M	$8.5M	$3.5M	$866K	—	View 990
2014	$8.2M	$8.7M	$3.9M	$901K	—	View 990
2013	$9.0M	$8.8M	$4.9M	$1.3M	—	View 990
2012	$9.1M	$9.2M	$4.7M	$1.4M	—	View 990
2011	$9.3M	$9.6M	$5.0M	$1.6M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $6.9M, expenses of $7.0M, and assets of $4.0M (revenue -10.4% year-over-year).
2022: Revenue of $7.7M, expenses of $7.4M, and assets of $3.8M (revenue +22.9% year-over-year).
2021: Revenue of $6.3M, expenses of $6.6M, and assets of $4.8M (revenue -16.5% year-over-year).
2020: Revenue of $7.5M, expenses of $7.1M, and assets of $4.3M (revenue +0.5% year-over-year).
2019: Revenue of $7.5M, expenses of $8.0M, and assets of $3.8M (revenue -17.4% year-over-year).
2018: Revenue of $9.1M, expenses of $8.7M, and assets of $4.1M (revenue +10.2% year-over-year).
2017: Revenue of $8.2M, expenses of $8.2M, and assets of $3.8M (revenue +1.5% year-over-year).
2016: Revenue of $8.1M, expenses of $8.1M, and assets of $3.6M (revenue -0.7% year-over-year).
2015: Revenue of $8.2M, expenses of $8.5M, and assets of $3.5M (revenue +-0.0% year-over-year).
2014: Revenue of $8.2M, expenses of $8.7M, and assets of $3.9M (revenue -9.4% year-over-year).
2013: Revenue of $9.0M, expenses of $8.8M, and assets of $4.9M (revenue -0.9% year-over-year).
2012: Revenue of $9.1M, expenses of $9.2M, and assets of $4.7M (revenue -1.9% year-over-year).
2011: Revenue of $9.3M, expenses of $9.6M, and assets of $5.0M.

Data Sources and Methodology

This transparency report for Oswego Industries 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.