Phs Founders Ridge Inc
Phs Founders Ridge Inc shows consistent revenue growth and positive net income with no reported officer compensation.
EIN: 208335025 · Roseville, MN · NTEE: L22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $11.8M |
| Total Expenses | $10.0M |
| Program Spending | 85% |
| Net Assets | $448K |
| Transparency Score | 88/100 |
Is Phs Founders Ridge Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Phs Founders Ridge Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Phs Founders Ridge Inc
Phs Founders Ridge Inc (EIN: 208335025) is a nonprofit organization based in Roseville, MN, classified under NTEE code L22. The organization reported total revenue of $11.8M and total assets of $48.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Phs Founders Ridge Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Phs Founders Ridge Inc is a large nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $10.9M |
| Total Expenses | $10.0M |
| Surplus / Deficit | +$807K |
| Total Assets | $48.2M |
| Total Liabilities | $47.8M |
| Net Assets | $448K |
| Operating Margin | 7.4% |
| Debt-to-Asset Ratio | 99.1% |
| Months of Reserves | 57.6 months |
Financial Health Grade: A
In 2023, Phs Founders Ridge Inc reported a surplus of $807K with revenue exceeding expenses, holds 57.6 months of operating reserves (strong position), has a debt-to-asset ratio of 99.1% (high leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +11.7% | +4.1% | -1.6% |
| 2022 | +18.8% | +13.4% | -3.8% |
| 2021 | +38.3% | +46.1% | +9.5% |
| 2020 | -0.9% | +0.7% | +118.9% |
| 2019 | +2.8% | +3.7% | +10.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Phs Founders Ridge Inc with a Mission Score of 88 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: 85%
- fundraising: 5%
According to IRS 990 filings, Phs Founders Ridge Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 surplus of $807K, with revenue exceeding expenses.
- Debt-to-asset ratio: 99.1%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that top officers are either uncompensated by this specific entity or compensated through a related organization, which is a strong positive for transparency and resource allocation.
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 Phs Founders Ridge Inc's IRS 990 filings:
- High liabilities relative to assets, though this is common for organizations with significant property and equipment investments.
Strengths
The following positive indicators were identified for Phs Founders Ridge Inc:
- Consistent revenue growth, from $5.17M in 2014 to $10.86M in 2023.
- Positive net income in all reported periods, indicating sound financial management.
- 0% reported officer compensation, demonstrating high transparency in executive pay.
- Significant asset growth from $20.58M in 2014 to $48.19M in 2023, reflecting investment in mission.
- Consistent IRS 990 filing history over 13 periods.
Frequently Asked Questions about Phs Founders Ridge Inc
Is Phs Founders Ridge Inc a legitimate charity?
Phs Founders Ridge Inc (EIN: 208335025) is a registered tax-exempt nonprofit based in Minnesota. Our AI analysis gives it a Mission Score of 88/100. It has 13 years of IRS 990 filings on record. Total revenue: $11.8M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Phs Founders Ridge Inc spend its money?
Phs Founders Ridge Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Phs Founders Ridge Inc tax-deductible?
Phs Founders Ridge Inc is registered as a tax-exempt nonprofit (EIN: 208335025). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Phs Founders Ridge Inc's spending goes to programs?
Phs Founders Ridge Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Phs Founders Ridge Inc compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), Phs Founders Ridge Inc is above average for NTEE category L22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Phs Founders Ridge Inc located?
Phs Founders Ridge Inc is headquartered in Roseville, Minnesota and files with the IRS under EIN 208335025. It is classified under NTEE code L22.
How many years of IRS 990 filings does Phs Founders Ridge Inc have?
Phs Founders Ridge Inc 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 $11.8M in total revenue.
Is Phs Founders Ridge Inc a good charity?
Based on the provided financial data, Phs Founders Ridge Inc appears to be a well-managed organization with consistent revenue growth, positive net income, and no reported officer compensation, suggesting strong financial health and efficient use of funds.
How has Phs Founders Ridge Inc's financial health changed over time?
Phs Founders Ridge Inc has shown significant financial growth, with revenue more than doubling from $5.17 million in 2014 to $10.86 million in 2023, and assets increasing from $20.58 million to $48.19 million over the same period, indicating robust expansion and stability.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation in all available IRS 990 filings, which is a highly transparent and positive indicator regarding executive pay practices for this specific entity.
Filing History
IRS 990 filing history for Phs Founders Ridge Inc showing financial trends over 13 years of public records:
Total assets increased by 99.2% over the same period, from $24.2M to $48.2M. Total functional expenses rose by 609.6%, from $1.4M to $10.0M. In its most recent filing year (2023), Phs Founders Ridge Inc reported a surplus of $807K, with revenue exceeding expenses. The organization holds $47.8M in liabilities against $48.2M in assets (debt-to-asset ratio: 99.1%), resulting in net assets of $448K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $10.9M | $10.0M | $48.2M | $47.8M | — | — |
| 2022 | $9.7M | $9.7M | $49.0M | $49.3M | — | View 990 |
| 2021 | $8.2M | $8.5M | $50.9M | $51.3M | — | View 990 |
| 2020 | $5.9M | $5.8M | $46.5M | $46.6M | — | — |
| 2019 | $6.0M | $5.8M | $21.2M | $21.4M | — | View 990 |
| 2018 | $5.8M | $5.6M | $19.3M | $19.6M | — | View 990 |
| 2017 | $5.6M | $5.4M | $19.4M | $20.2M | — | View 990 |
| 2016 | $5.5M | $5.3M | $19.9M | $21.1M | — | View 990 |
| 2015 | $5.4M | $5.1M | $20.4M | $22.2M | — | View 990 |
| 2014 | $5.2M | $5.0M | $20.6M | $22.8M | — | View 990 |
| 2013 | $4.3M | $4.7M | $21.3M | $23.6M | — | View 990 |
| 2012 | $669K | $1.2M | $22.8M | $25.2M | — | View 990 |
| 2011 | $0 | $1.4M | $24.2M | $25.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $10.9M, expenses of $10.0M, and assets of $48.2M (revenue +11.7% year-over-year).
- 2022: Revenue of $9.7M, expenses of $9.7M, and assets of $49.0M (revenue +18.8% year-over-year).
- 2021: Revenue of $8.2M, expenses of $8.5M, and assets of $50.9M (revenue +38.3% year-over-year).
- 2020: Revenue of $5.9M, expenses of $5.8M, and assets of $46.5M (revenue -0.9% year-over-year).
- 2019: Revenue of $6.0M, expenses of $5.8M, and assets of $21.2M (revenue +2.8% year-over-year).
- 2018: Revenue of $5.8M, expenses of $5.6M, and assets of $19.3M (revenue +3.7% year-over-year).
- 2017: Revenue of $5.6M, expenses of $5.4M, and assets of $19.4M (revenue +1.8% year-over-year).
- 2016: Revenue of $5.5M, expenses of $5.3M, and assets of $19.9M (revenue +1.9% year-over-year).
- 2015: Revenue of $5.4M, expenses of $5.1M, and assets of $20.4M (revenue +4.4% year-over-year).
- 2014: Revenue of $5.2M, expenses of $5.0M, and assets of $20.6M (revenue +19.4% year-over-year).
- 2013: Revenue of $4.3M, expenses of $4.7M, and assets of $21.3M (revenue +547.6% year-over-year).
- 2012: Revenue of $669K, expenses of $1.2M, and assets of $22.8M.
- 2011: Revenue of $0, expenses of $1.4M, and assets of $24.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Phs Founders Ridge Inc:
Data Sources and Methodology
This transparency report for Phs Founders Ridge 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.