Provider Resources Inc
Provider Resources Inc: Consistent Revenue, Modest Assets, and Stable Leadership
EIN: 222884102 · Methuen, MA · NTEE: K40Z · Updated: 2026-04-04
About Provider Resources Inc
Provider Resources Inc (EIN: 222884102) is a nonprofit organization based in Methuen, MA, classified under NTEE code K40Z. The organization reported total revenue of $7.0M and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Provider Resources Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Provider Resources Inc with a Mission Score of 75 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Provider Resources 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.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, but the 'l' (liabilities) and 'a' (assets) figures suggest a stable financial structure that would support reasonable executive salaries without excessive burden on the organization's overall health.
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 Provider Resources Inc's IRS 990 filings:
- The organization's assets have seen fluctuations, with a notable decrease from $1,400,160 in 2016 to $741,746 in 2017, and then a recovery to $1,169,651 in 2023, which warrants further investigation into the causes of these shifts.
Strengths
The following positive indicators were identified for Provider Resources Inc:
- Provider Resources Inc has demonstrated consistent revenue generation, with revenues ranging from $4,080,352 to $8,376,429 over the past eight years, indicating a stable operational base.
- The organization consistently reports 0% compensation to professional fundraising organizations, suggesting efficient internal fundraising or reliance on direct donations.
- Despite revenue fluctuations, the organization has maintained positive net assets (assets minus liabilities) in all reported years, indicating financial solvency.
Frequently Asked Questions about Provider Resources Inc
What does Provider Resources Inc do?
Provider Resources Inc is a nonprofit organization in the Food, Agriculture & Nutrition sector, located in Methuen, Massachusetts. It is classified under NTEE code K40Z.
How much revenue does Provider Resources Inc have?
Provider Resources Inc reported total revenue of $7,007,915. Based on 13 IRS 990 filings on record.
What are Provider Resources Inc's total assets?
Provider Resources Inc holds total assets of $1,073,008 as reported in IRS 990 filings.
Where is Provider Resources Inc located?
Provider Resources Inc is based in Methuen, Massachusetts.
What is Provider Resources Inc's EIN?
Provider Resources Inc's Employer Identification Number (EIN) is 222884102. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Provider Resources Inc?
Provider Resources Inc is classified under NTEE code K40Z (Food, Agriculture & Nutrition).
Is Provider Resources Inc a registered 501(c)(3)?
Yes, Provider Resources Inc is recognized as a tax-exempt organization by the IRS. EIN: 222884102.
Does Provider Resources Inc file IRS Form 990?
Yes, Provider Resources Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202309.
What was Provider Resources Inc's revenue in 2023?
In the 202309 filing period, Provider Resources Inc reported total revenue of $6,608,406, total expenses of $6,451,558, and net assets of $1,169,651.
Is Provider Resources Inc's revenue growing or declining?
Provider Resources Inc's revenue is growing. Revenue went from $5,475,576 (202209) to $6,608,406 (202309), a +20.7% change. Based on 13 filings on record.
What is Provider Resources Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Provider Resources Inc covers tax period 202309. It shows revenue of $6,608,406, expenses of $6,451,558, total assets of $1,169,651, and liabilities of $753,886.
How much does Provider Resources Inc spend on programs vs administration?
Based on IRS 990 analysis, Provider Resources Inc allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Provider Resources Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Provider Resources Inc appears trustworthy. Mission Score: 75/100 (Good). 1 red flag identified. 3 strengths noted.
What are the red flags for Provider Resources Inc?
The following concerns were identified: The organization's assets have seen fluctuations, with a notable decrease from $1,400,160 in 2016 to $741,746 in 2017, and then a recovery to $1,169,651 in 2023, which warrants further investigation into the causes of these shifts.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Provider Resources Inc's strengths?
Positive indicators for Provider Resources Inc include: Provider Resources Inc has demonstrated consistent revenue generation, with revenues ranging from $4,080,352 to $8,376,429 over the past eight years, indicating a stable operational base.. The organization consistently reports 0% compensation to professional fundraising organizations, suggesting efficient internal fundraising or reliance on direct donations.. Despite revenue fluctuations, the organization has maintained positive net assets (assets minus liabilities) in all reported years, indicating financial solvency.. These findings are derived from AI analysis of the organization's financial filings.
How does Provider Resources Inc compensate executives?
Executive compensation is not explicitly detailed in the provided data, but the 'l' (liabilities) and 'a' (assets) figures suggest a stable financial structure that would support reasonable executive salaries without excessive burden on the organization's overall health. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Provider Resources Inc?
• The organization consistently reports 0% compensation from professional fundraising organizations, indicating direct fundraising efforts. • Detailed financial breakdowns are available through their 990 filings, showing consistent expense categories over time. • The organization's liabilities are consistently a significant portion of their assets, suggesting careful financial management. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
What factors contributed to the significant drop in assets from $1,400,160 in 2016 to $741,746 in 2017, and how did the organization recover to $1,169,651 by 2023?
The provided data does not specify the exact reasons for the asset fluctuation. Further analysis of their 990 filings for those specific years would be needed to understand if it was due to asset sales, depreciation, or changes in investment strategies, and how subsequent growth was achieved.
Filing History
IRS 990 filing history for Provider Resources Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Provider Resources Inc's revenue has declined by 0.3%, moving from $6.6M to $6.6M. Total assets increased by 71.3% over the same period, from $683K to $1.2M. Total functional expenses fell by 2.3%, from $6.6M to $6.5M. In its most recent filing year (2023), Provider Resources Inc reported a surplus of $157K, with revenue exceeding expenses. The organization holds $754K in liabilities against $1.2M in assets (debt-to-asset ratio: 64.5%), resulting in net assets of $416K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $6.6M | $6.5M | $1.2M | $754K | — | View 990 |
| 2022 | $5.5M | $5.5M | $920K | $661K | — | View 990 |
| 2021 | $5.0M | $4.8M | $753K | $491K | — | View 990 |
| 2020 | $4.1M | $4.0M | $635K | $569K | — | — |
| 2019 | $6.4M | $6.4M | $715K | $696K | — | View 990 |
| 2018 | $6.8M | $6.8M | $1.1M | $1.1M | — | View 990 |
| 2017 | $7.5M | $7.5M | $742K | $693K | — | View 990 |
| 2016 | $8.4M | $8.4M | $1.4M | $1.4M | — | View 990 |
| 2015 | $6.6M | $6.6M | $696K | $607K | — | View 990 |
| 2014 | $6.6M | $6.6M | $666K | $574K | — | View 990 |
| 2013 | $6.5M | $6.5M | $665K | $581K | — | View 990 |
| 2012 | $6.3M | $6.3M | $639K | $525K | — | View 990 |
| 2011 | $6.6M | $6.6M | $683K | $597K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.6M, expenses of $6.5M, and assets of $1.2M (revenue +20.7% year-over-year).
- 2022: Revenue of $5.5M, expenses of $5.5M, and assets of $920K (revenue +8.8% year-over-year).
- 2021: Revenue of $5.0M, expenses of $4.8M, and assets of $753K (revenue +23.4% year-over-year).
- 2020: Revenue of $4.1M, expenses of $4.0M, and assets of $635K (revenue -36.0% year-over-year).
- 2019: Revenue of $6.4M, expenses of $6.4M, and assets of $715K (revenue -5.9% year-over-year).
- 2018: Revenue of $6.8M, expenses of $6.8M, and assets of $1.1M (revenue -10.0% year-over-year).
- 2017: Revenue of $7.5M, expenses of $7.5M, and assets of $742K (revenue -10.1% year-over-year).
- 2016: Revenue of $8.4M, expenses of $8.4M, and assets of $1.4M (revenue +27.2% year-over-year).
- 2015: Revenue of $6.6M, expenses of $6.6M, and assets of $696K (revenue -0.3% year-over-year).
- 2014: Revenue of $6.6M, expenses of $6.6M, and assets of $666K (revenue +1.6% year-over-year).
- 2013: Revenue of $6.5M, expenses of $6.5M, and assets of $665K (revenue +2.4% year-over-year).
- 2012: Revenue of $6.3M, expenses of $6.3M, and assets of $639K (revenue -4.3% year-over-year).
- 2011: Revenue of $6.6M, expenses of $6.6M, and assets of $683K.
Data Sources and Methodology
This transparency report for Provider Resources 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.