Rcap Solutions Financial Servicesinc
Rcap Solutions Financial Servicesinc consistently grows assets with zero reported officer compensation.
EIN: 205660521 · Worcester, MA · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $242K |
| Total Expenses | $129K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $14 |
| Net Assets | $801K |
| Transparency Score | 85/100 |
Is Rcap Solutions Financial Servicesinc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Rcap Solutions Financial Servicesinc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Rcap Solutions Financial Servicesinc
Rcap Solutions Financial Servicesinc (EIN: 205660521) is a nonprofit organization based in Worcester, MA. The organization reported total revenue of $242K and total assets of $14.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rcap Solutions Financial Servicesinc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rcap Solutions Financial Servicesinc is a small nonprofit that has been operating for 17 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $215K |
| Total Expenses | $129K |
| Surplus / Deficit | +$86K |
| Total Assets | $14.9M |
| Total Liabilities | $14.1M |
| Net Assets | $801K |
| Operating Margin | 39.9% |
| Debt-to-Asset Ratio | 94.6% |
| Months of Reserves | 1382.0 months |
Financial Health Grade: A
In 2023, Rcap Solutions Financial Servicesinc reported a surplus of $86K with revenue exceeding expenses, holds 1382.0 months of operating reserves (strong position), has a debt-to-asset ratio of 94.6% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Rcap Solutions Financial Servicesinc's revenue has grown at a compound annual growth rate (CAGR) of 4.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +43.4% | +5.5% | +8.4% |
| 2022 | +4.2% | -14.2% | +5.2% |
| 2021 | -18.4% | -14.2% | +11.9% |
| 2020 | -29.1% | +2.2% | +5.7% |
| 2019 | +35.3% | -5.5% | +14.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
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 Rcap Solutions Financial Servicesinc with a Mission Score of 85 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Rcap Solutions Financial Servicesinc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $86K, with revenue exceeding expenses.
- Debt-to-asset ratio: 94.6%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is highly unusual for an organization with assets exceeding $14 million.
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 Rcap Solutions Financial Servicesinc's IRS 990 filings:
- Zero officer compensation reported for an organization with significant assets, which could indicate compensation is paid by a related entity or an unusual operational structure.
- Lack of detailed functional expense breakdown (program, admin, fundraising) in the provided data, hindering a precise assessment of spending efficiency.
- Unknown NTEE code, making peer comparison difficult.
Strengths
The following positive indicators were identified for Rcap Solutions Financial Servicesinc:
- Consistent asset growth, from $7.3 million in 2014 to $14.8 million in 2023, indicating strong financial health.
- Positive net income in most recent periods (e.g., $215,148 revenue vs. $129,303 expenses in 202306), demonstrating financial sustainability.
- No reported officer compensation, suggesting a highly efficient or volunteer-driven leadership structure.
- Consistent IRS 990 filing history (13 filings), indicating good transparency and compliance.
Frequently Asked Questions about Rcap Solutions Financial Servicesinc
Is Rcap Solutions Financial Servicesinc a legitimate charity?
Rcap Solutions Financial Servicesinc (EIN: 205660521) is a registered tax-exempt nonprofit based in Massachusetts. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $242K. 3 red flags identified. 4 strengths noted. Financial health grade: A.
How does Rcap Solutions Financial Servicesinc spend its money?
Rcap Solutions Financial Servicesinc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Rcap Solutions Financial Servicesinc tax-deductible?
Rcap Solutions Financial Servicesinc is registered as a tax-exempt nonprofit (EIN: 205660521). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Rcap Solutions Financial Servicesinc CEO make?
Rcap Solutions Financial Servicesinc's highest-compensated officer earns $14 annually. The organization reported $242K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Rcap Solutions Financial Servicesinc's spending goes to programs?
Rcap Solutions Financial Servicesinc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Rcap Solutions Financial Servicesinc located?
Rcap Solutions Financial Servicesinc is headquartered in Worcester, Massachusetts and files with the IRS under EIN 205660521.
How many years of IRS 990 filings does Rcap Solutions Financial Servicesinc have?
Rcap Solutions Financial Servicesinc 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 $242K in total revenue.
What are the specific programs Rcap Solutions Financial Servicesinc operates?
The provided data does not detail the specific programs or services offered by Rcap Solutions Financial Servicesinc, making it difficult to assess their direct impact.
How does Rcap Solutions Financial Servicesinc manage to operate with zero officer compensation?
The consistent reporting of zero officer compensation suggests a volunteer-led executive team or that compensation is covered by a related entity, which would require further investigation to understand the full operational model.
What is the NTEE code for Rcap Solutions Financial Servicesinc?
The NTEE code for Rcap Solutions Financial Servicesinc is listed as 'Unknown' in the provided data, which limits the ability to compare its financial performance against peer organizations in the same sector.
What is the primary source of Rcap Solutions Financial Servicesinc's revenue?
The provided data only shows total revenue figures, not the breakdown by source (e.g., grants, contributions, program service revenue), making it unclear how the organization primarily funds its operations.
Filing History
IRS 990 filing history for Rcap Solutions Financial Servicesinc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Rcap Solutions Financial Servicesinc's revenue has grown by 59.2%, moving from $135K to $215K. Total assets increased by 220.7% over the same period, from $4.6M to $14.9M. Total functional expenses fell by 51.7%, from $268K to $129K. In its most recent filing year (2023), Rcap Solutions Financial Servicesinc reported a surplus of $86K, with revenue exceeding expenses. The organization holds $14.1M in liabilities against $14.9M in assets (debt-to-asset ratio: 94.6%), resulting in net assets of $801K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $215K | $129K | $14.9M | $14.1M | — | View 990 |
| 2022 | $150K | $123K | $13.7M | $13.0M | — | View 990 |
| 2021 | $144K | $143K | $13.1M | $12.4M | — | — |
| 2020 | $176K | $166K | $11.7M | $11.0M | — | View 990 |
| 2019 | $249K | $163K | $11.0M | $10.4M | — | View 990 |
| 2018 | $184K | $172K | $9.6M | $9.0M | — | View 990 |
| 2017 | $181K | $198K | $8.9M | $8.3M | — | View 990 |
| 2016 | $180K | $219K | $8.1M | $7.5M | — | View 990 |
| 2015 | $242K | $314K | $7.8M | $7.2M | — | View 990 |
| 2014 | $274K | $256K | $7.3M | $6.6M | — | View 990 |
| 2013 | $239K | $301K | $6.8M | $6.1M | — | View 990 |
| 2012 | $219K | $220K | $5.9M | $5.2M | — | View 990 |
| 2011 | $135K | $268K | $4.6M | $3.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $215K, expenses of $129K, and assets of $14.9M (revenue +43.4% year-over-year).
- 2022: Revenue of $150K, expenses of $123K, and assets of $13.7M (revenue +4.2% year-over-year).
- 2021: Revenue of $144K, expenses of $143K, and assets of $13.1M (revenue -18.4% year-over-year).
- 2020: Revenue of $176K, expenses of $166K, and assets of $11.7M (revenue -29.1% year-over-year).
- 2019: Revenue of $249K, expenses of $163K, and assets of $11.0M (revenue +35.3% year-over-year).
- 2018: Revenue of $184K, expenses of $172K, and assets of $9.6M (revenue +1.4% year-over-year).
- 2017: Revenue of $181K, expenses of $198K, and assets of $8.9M (revenue +0.5% year-over-year).
- 2016: Revenue of $180K, expenses of $219K, and assets of $8.1M (revenue -25.4% year-over-year).
- 2015: Revenue of $242K, expenses of $314K, and assets of $7.8M (revenue -11.7% year-over-year).
- 2014: Revenue of $274K, expenses of $256K, and assets of $7.3M (revenue +14.6% year-over-year).
- 2013: Revenue of $239K, expenses of $301K, and assets of $6.8M (revenue +9.4% year-over-year).
- 2012: Revenue of $219K, expenses of $220K, and assets of $5.9M (revenue +61.7% year-over-year).
- 2011: Revenue of $135K, expenses of $268K, and assets of $4.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rcap Solutions Financial Servicesinc:
Data Sources and Methodology
This transparency report for Rcap Solutions Financial Servicesinc 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.