Red Oak Industries Inc

Red Oak Industries Inc. maintains stable finances with growing assets and no reported officer compensation.

EIN: 204805937 · Franklin, IN · NTEE: J30 · Updated: 2026-03-28

$625KRevenue

$788KAssets

90/100Mission Score (Excellent)

J30

About Red Oak Industries Inc

Red Oak Industries Inc (EIN: 204805937) is a nonprofit organization based in Franklin, IN, classified under NTEE code J30. The organization reported total revenue of $625K and total assets of $788K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Red Oak Industries Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Red Oak Industries Inc. demonstrates a generally stable financial position over the past decade, with revenues consistently in the range of $700,000 to $900,000. While the latest filing (Period 202406) shows a slight deficit with expenses ($580,093) exceeding revenue ($570,593), this is not a consistent trend, as the prior period (202306) showed a healthy surplus of over $226,000. The organization's assets have shown significant growth, increasing from $218,841 in 2015 to $874,105 in 2024, indicating good financial management and asset accumulation. Liabilities have remained relatively stable and manageable in proportion to assets.

The organization's spending efficiency appears reasonable, though specific program, administrative, and fundraising breakdowns are not provided in the summary data. However, the consistent operation within its revenue range suggests a focus on its mission. A notable strength is the reported 0% officer compensation across all filings, which speaks to a high level of financial stewardship and a commitment to directing funds towards the organization's purpose rather than executive salaries. This practice significantly enhances its transparency and public trust.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Red Oak Industries Inc with a Mission Score of 90 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, Red Oak Industries 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 reported as 0% across all available filings, indicating that no officers or key employees receive compensation from the organization, which is highly commendable for an organization of its size with revenues consistently near $700,000-$900,000.

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 Red Oak Industries Inc's IRS 990 filings:

Latest period (202406) shows expenses ($580,093) slightly exceeding revenue ($570,593), indicating a minor operational deficit for that year.

Strengths

The following positive indicators were identified for Red Oak Industries Inc:

Consistent 0% officer compensation across all filings, demonstrating strong financial stewardship.
Significant growth in assets from $218,841 in 2015 to $874,105 in 2024, indicating effective asset management.
Stable revenue generation over the past decade, supporting consistent operations.
Manageable liabilities relative to assets, indicating a healthy balance sheet.

Frequently Asked Questions about Red Oak Industries Inc

Is Red Oak Industries Inc. a good charity?

Based on the provided data, Red Oak Industries Inc. appears to be a good charity. It demonstrates strong financial stewardship with growing assets, manageable liabilities, and a remarkable 0% officer compensation, suggesting a high dedication to its mission.

How has Red Oak Industries Inc.'s financial health changed over time?

Red Oak Industries Inc. has shown consistent revenue generation and significant asset growth, from $218,841 in 2015 to $874,105 in 2024. While there are occasional periods where expenses slightly exceed revenue (e.g., 202406), overall financial health has improved, with a strong balance sheet.

What is the trend in Red Oak Industries Inc.'s revenue and expenses?

Revenue has generally fluctuated between $770,000 and $980,000 over the past decade, with the latest period (202406) showing a slight dip to $570,593. Expenses have largely tracked revenue, indicating a consistent operational scale, with a few periods of minor deficits or surpluses.

Does Red Oak Industries Inc. pay its executives?

No, the IRS 990 filings consistently report 0% officer compensation for Red Oak Industries Inc. across all available periods, indicating that executives do not receive salaries from the organization.

Filing History

IRS 990 filing history for Red Oak Industries Inc showing financial trends over 14 years of public records:

Over 14 years of IRS 990 filings (2011–2024), Red Oak Industries Inc's revenue has grown by 1.6%, moving from $562K to $571K. Total assets increased by 725.2% over the same period, from $106K to $874K. Total functional expenses rose by 4.4%, from $556K to $580K. In its most recent filing year (2024), Red Oak Industries Inc reported a deficit of $10K, with expenses exceeding revenue. The organization holds $184K in liabilities against $874K in assets (debt-to-asset ratio: 21.1%), resulting in net assets of $690K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2024	$571K	$580K	$874K	$184K	—	View 990
2023	$876K	$650K	$923K	$197K	—	—
2022	$844K	$691K	$659K	$154K	—	View 990
2021	$871K	$778K	$597K	$158K	—	—
2020	$853K	$672K	$488K	$155K	—	View 990
2019	$790K	$735K	$298K	$146K	—	View 990
2018	$888K	$873K	$248K	$152K	—	View 990
2017	$979K	$960K	$235K	$153K	—	View 990
2016	$856K	$871K	$205K	$142K	—	View 990
2015	$773K	$805K	$219K	$141K	—	View 990
2014	$796K	$775K	$211K	$156K	—	View 990
2013	$652K	$678K	$207K	$173K	—	View 990
2012	$657K	$659K	$240K	$180K	—	View 990
2011	$562K	$556K	$106K	$44K	—	View 990

Year-by-Year Financial Summary

2024: Revenue of $571K, expenses of $580K, and assets of $874K (revenue -34.9% year-over-year).
2023: Revenue of $876K, expenses of $650K, and assets of $923K (revenue +3.9% year-over-year).
2022: Revenue of $844K, expenses of $691K, and assets of $659K (revenue -3.1% year-over-year).
2021: Revenue of $871K, expenses of $778K, and assets of $597K (revenue +2.1% year-over-year).
2020: Revenue of $853K, expenses of $672K, and assets of $488K (revenue +7.9% year-over-year).
2019: Revenue of $790K, expenses of $735K, and assets of $298K (revenue -11.0% year-over-year).
2018: Revenue of $888K, expenses of $873K, and assets of $248K (revenue -9.3% year-over-year).
2017: Revenue of $979K, expenses of $960K, and assets of $235K (revenue +14.4% year-over-year).
2016: Revenue of $856K, expenses of $871K, and assets of $205K (revenue +10.8% year-over-year).
2015: Revenue of $773K, expenses of $805K, and assets of $219K (revenue -3.0% year-over-year).
2014: Revenue of $796K, expenses of $775K, and assets of $211K (revenue +22.1% year-over-year).
2013: Revenue of $652K, expenses of $678K, and assets of $207K (revenue -0.7% year-over-year).
2012: Revenue of $657K, expenses of $659K, and assets of $240K (revenue +16.9% year-over-year).
2011: Revenue of $562K, expenses of $556K, and assets of $106K.

Data Sources and Methodology

This transparency report for Red Oak Industries 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.