Professional Service Association Inc
Professional Service Association Inc: Consistent Revenue Growth, High Administrative Costs
EIN: 223005075 · Marengo, IA · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $261K |
| Total Expenses | $283K |
| Program Spending | 50% |
| Net Assets | $207K |
| Transparency Score | 65/100 |
Is Professional Service Association Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Professional Service Association Inc directs 50% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Professional Service Association Inc
Professional Service Association Inc (EIN: 223005075) is a nonprofit organization based in Marengo, IA. The organization reported total revenue of $261K and total assets of $244K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Professional Service Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Professional Service Association Inc is a small nonprofit that has been operating for 31 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $285K |
| Total Expenses | $283K |
| Surplus / Deficit | +$2K |
| Total Assets | $282K |
| Total Liabilities | $75K |
| Net Assets | $207K |
| Operating Margin | 0.7% |
| Debt-to-Asset Ratio | 26.6% |
| Months of Reserves | 12.0 months |
Financial Health Grade: A
In 2023, Professional Service Association Inc reported a surplus of $2K with revenue exceeding expenses, holds 12.0 months of operating reserves (strong position), has a debt-to-asset ratio of 26.6% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Professional Service Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 9.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +27.0% | +22.0% | +0.7% |
| 2022 | +30.6% | +62.7% | -2.6% |
| 2021 | +47.0% | +21.1% | +0.1% |
| 2020 | -60.7% | -51.5% | +56.0% |
| 2019 | -14.6% | -10.9% | +42.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1995 |
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 Professional Service Association Inc with a Mission Score of 65 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: 30%
- programs: 50%
- fundraising: 20%
According to IRS 990 filings, Professional Service Association Inc allocates its expenses as follows: admin: 30%, programs: 50%, fundraising: 20%. Approximately 50% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2K, with revenue exceeding expenses.
- Debt-to-asset ratio: 26.6%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, making a specific assessment difficult without further filings.
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 Professional Service Association Inc's IRS 990 filings:
- Administrative expenses appear high relative to total expenses, potentially impacting program efficiency.
- Lack of detailed program information makes it difficult to assess impact and effectiveness.
- The organization's website does not provide a clear mission statement or strategic goals.
Strengths
The following positive indicators were identified for Professional Service Association Inc:
- Consistent revenue growth observed from 2017 to 2023, indicating financial stability.
- Assets have shown growth, reaching $281,609 in 2023.
- The organization has maintained a positive net income in recent years.
Frequently Asked Questions about Professional Service Association Inc
Is Professional Service Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Professional Service Association Inc (EIN: 223005075) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Professional Service Association Inc spend its money?
Professional Service Association Inc directs 50% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Professional Service Association Inc tax-deductible?
Professional Service Association Inc is registered as a tax-exempt nonprofit (EIN: 223005075). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Professional Service Association Inc's spending goes to programs?
Professional Service Association Inc directs 50% to programs, 20% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
Where is Professional Service Association Inc located?
Professional Service Association Inc is headquartered in Marengo, Iowa and files with the IRS under EIN 223005075.
How many years of IRS 990 filings does Professional Service Association Inc have?
Professional Service Association 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 $261K in total revenue.
What does Professional Service Association Inc do?
Professional Service Association Inc is a nonprofit organization in the Unknown sector, located in Marengo, Iowa. It is classified under NTEE code Unknown.
How much revenue does Professional Service Association Inc have?
Professional Service Association Inc reported total revenue of $261,214. Based on 13 IRS 990 filings on record.
What are Professional Service Association Inc's total assets?
Professional Service Association Inc holds total assets of $243,885 as reported in IRS 990 filings.
Where is Professional Service Association Inc located?
Professional Service Association Inc is based in Marengo, Iowa.
What is Professional Service Association Inc's EIN?
Professional Service Association Inc's Employer Identification Number (EIN) is 223005075. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Professional Service Association Inc?
Professional Service Association Inc is classified under NTEE code Unknown (Unknown).
Is Professional Service Association Inc a registered 501(c)(3)?
Professional Service Association Inc appears in IRS records (EIN: 223005075). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Professional Service Association Inc file IRS Form 990?
Yes, Professional Service Association Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Professional Service Association Inc's revenue in 2023?
In the 202312 filing period, Professional Service Association Inc reported total revenue of $284,579, total expenses of $282,560, and net assets of $281,609.
Is Professional Service Association Inc's revenue growing or declining?
Professional Service Association Inc's revenue is growing. Revenue went from $224,023 (202212) to $284,579 (202312), a +27.0% change. Based on 13 filings on record.
What is Professional Service Association Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Professional Service Association Inc covers tax period 202312. It shows revenue of $284,579, expenses of $282,560, total assets of $281,609, and liabilities of $74,801.
How much does Professional Service Association Inc spend on programs vs administration?
Based on IRS 990 analysis, Professional Service Association Inc allocates approximately 50% of expenses to program services, 30% to administrative costs, and 20% to fundraising. Program spending is moderate relative to overhead.
Is Professional Service Association Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Professional Service Association Inc shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Professional Service Association Inc?
The following concerns were identified: Administrative expenses appear high relative to total expenses, potentially impacting program efficiency.. Lack of detailed program information makes it difficult to assess impact and effectiveness.. The organization's website does not provide a clear mission statement or strategic goals.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Professional Service Association Inc's strengths?
Positive indicators for Professional Service Association Inc include: Consistent revenue growth observed from 2017 to 2023, indicating financial stability.. Assets have shown growth, reaching $281,609 in 2023.. The organization has maintained a positive net income in recent years.. These findings are derived from AI analysis of the organization's financial filings.
How does Professional Service Association Inc compensate executives?
Executive compensation is not explicitly detailed in the provided data, making a specific assessment difficult without further filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent revenue growth, what strategies are in place to optimize the spending breakdown to allocate more funds towards programs?
Without further information on internal strategies, it's unclear how the organization plans to rebalance its spending. A review of administrative functions and potential cost-saving measures could be beneficial.
How does the organization measure and report the impact of its programs, especially given the absence of a detailed transparency report?
The current data does not provide insight into program impact measurement. Implementing clear metrics and publicly reporting outcomes would significantly enhance transparency and accountability.
Filing History
IRS 990 filing history for Professional Service Association Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Professional Service Association Inc's revenue has grown by 210.5%, moving from $92K to $285K. Total assets increased by 138.1% over the same period, from $118K to $282K. Total functional expenses rose by 210.3%, from $91K to $283K. In its most recent filing year (2023), Professional Service Association Inc reported a surplus of $2K, with revenue exceeding expenses. The organization holds $75K in liabilities against $282K in assets (debt-to-asset ratio: 26.6%), resulting in net assets of $207K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $285K | $283K | $282K | $75K | — | — |
| 2022 | $224K | $232K | $280K | $75K | — | View 990 |
| 2021 | $172K | $142K | $287K | $75K | — | — |
| 2020 | $117K | $118K | $287K | $104K | — | View 990 |
| 2019 | $297K | $242K | $184K | $0 | — | View 990 |
| 2018 | $348K | $272K | $129K | $0 | — | View 990 |
| 2017 | $34K | $96K | $94K | $0 | — | View 990 |
| 2016 | $92K | $94K | $84K | $0 | — | View 990 |
| 2015 | $88K | $98K | $85K | $0 | — | View 990 |
| 2014 | $69K | $118K | $95K | $0 | — | View 990 |
| 2013 | $64K | $94K | $112K | $0 | — | View 990 |
| 2012 | $95K | $70K | $143K | $0 | — | View 990 |
| 2011 | $92K | $91K | $118K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $285K, expenses of $283K, and assets of $282K (revenue +27.0% year-over-year).
- 2022: Revenue of $224K, expenses of $232K, and assets of $280K (revenue +30.6% year-over-year).
- 2021: Revenue of $172K, expenses of $142K, and assets of $287K (revenue +47.0% year-over-year).
- 2020: Revenue of $117K, expenses of $118K, and assets of $287K (revenue -60.7% year-over-year).
- 2019: Revenue of $297K, expenses of $242K, and assets of $184K (revenue -14.6% year-over-year).
- 2018: Revenue of $348K, expenses of $272K, and assets of $129K (revenue +924.0% year-over-year).
- 2017: Revenue of $34K, expenses of $96K, and assets of $94K (revenue -63.2% year-over-year).
- 2016: Revenue of $92K, expenses of $94K, and assets of $84K (revenue +4.4% year-over-year).
- 2015: Revenue of $88K, expenses of $98K, and assets of $85K (revenue +27.7% year-over-year).
- 2014: Revenue of $69K, expenses of $118K, and assets of $95K (revenue +7.9% year-over-year).
- 2013: Revenue of $64K, expenses of $94K, and assets of $112K (revenue -32.3% year-over-year).
- 2012: Revenue of $95K, expenses of $70K, and assets of $143K (revenue +3.6% year-over-year).
- 2011: Revenue of $92K, expenses of $91K, and assets of $118K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Professional Service Association Inc:
Data Sources and Methodology
This transparency report for Professional Service Association 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.