Panora Retirement Homes Inc
EIN: 420953421 · Guthrie Ctr, IA · NTEE: L22
| Metric | Value |
|---|---|
| Total Revenue | $61K |
| Total Expenses | $35K |
| Net Assets | $239K |
Is Panora Retirement Homes Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Panora Retirement Homes Inc
Panora Retirement Homes Inc (EIN: 420953421) is a nonprofit organization based in Guthrie Ctr, IA, classified under NTEE code L22. The organization reported total revenue of $61K and total assets of $255K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Panora Retirement Homes Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Panora Retirement Homes Inc is a micro nonprofit that has been operating for 12 years, with 11 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of -2.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $62K |
| Total Expenses | $35K |
| Surplus / Deficit | +$27K |
| Total Assets | $239K |
| Net Assets | $239K |
| Operating Margin | 43.7% |
| Months of Reserves | 81.8 months |
Financial Health Grade: A
In 2023, Panora Retirement Homes Inc reported a surplus of $27K with revenue exceeding expenses, holds 81.8 months of operating reserves (strong position).
Financial Trends
Over 11 years of filings (2013–2023), Panora Retirement Homes Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.1% | -12.4% | +12.8% |
| 2022 | +10.2% | +14.4% | +10.6% |
| 2021 | -10.0% | -9.0% | +11.5% |
| 2020 | -10.2% | -26.9% | +15.0% |
| 2019 | +24.1% | +35.3% | +11.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Panora Retirement Homes Inc 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 Panora Retirement Homes Inc 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 surplus of $27K, with revenue exceeding expenses.
Frequently Asked Questions about Panora Retirement Homes Inc
Is Panora Retirement Homes Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Panora Retirement Homes Inc (EIN: 420953421) insufficient data. 0 red flags identified, 0 strengths noted.
How does Panora Retirement Homes Inc spend its money?
Detailed spending breakdown data is not yet available for Panora Retirement Homes Inc. Check back for updated IRS 990 analysis.
Are donations to Panora Retirement Homes Inc tax-deductible?
Panora Retirement Homes Inc is registered as a tax-exempt nonprofit (EIN: 420953421). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Panora Retirement Homes Inc located?
Panora Retirement Homes Inc is headquartered in Guthrie Ctr, Iowa and files with the IRS under EIN 420953421. It is classified under NTEE code L22.
How many years of IRS 990 filings does Panora Retirement Homes Inc have?
Panora Retirement Homes 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 $61K in total revenue.
Filing History
IRS 990 filing history for Panora Retirement Homes Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2013–2023), Panora Retirement Homes Inc's revenue has declined by 20.1%, moving from $78K to $62K. Total assets increased by 382.4% over the same period, from $50K to $239K. Total functional expenses fell by 56.9%, from $81K to $35K. In its most recent filing year (2023), Panora Retirement Homes Inc reported a surplus of $27K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $62K | $35K | $239K | $0 | — | — |
| 2022 | $60K | $40K | $212K | $0 | — | — |
| 2021 | $55K | $35K | $191K | $0 | — | — |
| 2020 | $61K | $38K | $172K | $0 | — | — |
| 2019 | $68K | $53K | $149K | $0 | — | View 990 |
| 2018 | $55K | $39K | $134K | $0 | — | View 990 |
| 2017 | $53K | $34K | $119K | $0 | — | View 990 |
| 2016 | $55K | $49K | $100K | $0 | — | View 990 |
| 2015 | $51K | $36K | $93K | $0 | — | View 990 |
| 2014 | $53K | $42K | $78K | $0 | — | View 990 |
| 2013 | $78K | $81K | $50K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $62K, expenses of $35K, and assets of $239K (revenue +3.1% year-over-year).
- 2022: Revenue of $60K, expenses of $40K, and assets of $212K (revenue +10.2% year-over-year).
- 2021: Revenue of $55K, expenses of $35K, and assets of $191K (revenue -10.0% year-over-year).
- 2020: Revenue of $61K, expenses of $38K, and assets of $172K (revenue -10.2% year-over-year).
- 2019: Revenue of $68K, expenses of $53K, and assets of $149K (revenue +24.1% year-over-year).
- 2018: Revenue of $55K, expenses of $39K, and assets of $134K (revenue +2.4% year-over-year).
- 2017: Revenue of $53K, expenses of $34K, and assets of $119K (revenue -3.9% year-over-year).
- 2016: Revenue of $55K, expenses of $49K, and assets of $100K (revenue +9.2% year-over-year).
- 2015: Revenue of $51K, expenses of $36K, and assets of $93K (revenue -4.6% year-over-year).
- 2014: Revenue of $53K, expenses of $42K, and assets of $78K (revenue -31.6% year-over-year).
- 2013: Revenue of $78K, expenses of $81K, and assets of $50K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Panora Retirement Homes Inc:
Data Sources and Methodology
This transparency report for Panora Retirement Homes 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.