Red Wing Area Seniors Inc
EIN: 411367092 · Red Wing, MN
| Metric | Value |
|---|---|
| Total Revenue | $364K |
| Total Expenses | $369K |
| Net Assets | $583K |
Is Red Wing Area Seniors Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Red Wing Area Seniors Inc
Red Wing Area Seniors Inc (EIN: 411367092) is a nonprofit organization based in Red Wing, MN. The organization reported total revenue of $364K and total assets of $602K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Red Wing Area Seniors Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Red Wing Area Seniors Inc is a small nonprofit that has been operating for 40 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $381K |
| Total Expenses | $369K |
| Surplus / Deficit | +$12K |
| Total Assets | $673K |
| Total Liabilities | $90K |
| Net Assets | $583K |
| Operating Margin | 3.1% |
| Debt-to-Asset Ratio | 13.3% |
| Months of Reserves | 21.9 months |
Financial Health Grade: A
In 2023, Red Wing Area Seniors Inc reported a surplus of $12K with revenue exceeding expenses, holds 21.9 months of operating reserves (strong position), has a debt-to-asset ratio of 13.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Red Wing Area Seniors Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.9% | +17.8% | -3.7% |
| 2022 | +14.6% | +14.4% | +3.0% |
| 2021 | +61.2% | +39.1% | +10.3% |
| 2020 | -28.1% | -27.3% | +1.9% |
| 2019 | -8.7% | -2.4% | -1.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1986 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Red Wing Area Seniors Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Red Wing Area Seniors Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $12K, with revenue exceeding expenses.
- Debt-to-asset ratio: 13.3%.
Frequently Asked Questions about Red Wing Area Seniors Inc
Is Red Wing Area Seniors Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Red Wing Area Seniors Inc (EIN: 411367092) insufficient data. 0 red flags identified, 0 strengths noted.
How does Red Wing Area Seniors Inc spend its money?
Detailed spending breakdown data is not yet available for Red Wing Area Seniors Inc. Check back for updated IRS 990 analysis.
Are donations to Red Wing Area Seniors Inc tax-deductible?
Red Wing Area Seniors Inc is registered as a tax-exempt nonprofit (EIN: 411367092). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Red Wing Area Seniors Inc located?
Red Wing Area Seniors Inc is headquartered in Red Wing, Minnesota and files with the IRS under EIN 411367092.
How many years of IRS 990 filings does Red Wing Area Seniors Inc have?
Red Wing Area Seniors 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 $364K in total revenue.
Filing History
IRS 990 filing history for Red Wing Area Seniors Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Red Wing Area Seniors Inc's revenue has grown by 0.4%, moving from $379K to $381K. Total assets increased by 65.1% over the same period, from $408K to $673K. Total functional expenses rose by 59.1%, from $232K to $369K. In its most recent filing year (2023), Red Wing Area Seniors Inc reported a surplus of $12K, with revenue exceeding expenses. The organization holds $90K in liabilities against $673K in assets (debt-to-asset ratio: 13.3%), resulting in net assets of $583K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $381K | $369K | $673K | $90K | — | — |
| 2022 | $349K | $313K | $699K | $127K | — | View 990 |
| 2021 | $305K | $274K | $679K | $144K | — | View 990 |
| 2020 | $189K | $197K | $615K | $111K | — | — |
| 2019 | $263K | $271K | $604K | $92K | — | View 990 |
| 2018 | $288K | $278K | $613K | $94K | — | View 990 |
| 2017 | $304K | $305K | $632K | $123K | — | View 990 |
| 2016 | $329K | $329K | $662K | $142K | — | View 990 |
| 2015 | $307K | $308K | $657K | $137K | — | View 990 |
| 2014 | $354K | $334K | $622K | $101K | — | View 990 |
| 2013 | $412K | $319K | $742K | $279K | — | View 990 |
| 2012 | $235K | $232K | $730K | $360K | — | View 990 |
| 2011 | $379K | $232K | $408K | $32K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $381K, expenses of $369K, and assets of $673K (revenue +8.9% year-over-year).
- 2022: Revenue of $349K, expenses of $313K, and assets of $699K (revenue +14.6% year-over-year).
- 2021: Revenue of $305K, expenses of $274K, and assets of $679K (revenue +61.2% year-over-year).
- 2020: Revenue of $189K, expenses of $197K, and assets of $615K (revenue -28.1% year-over-year).
- 2019: Revenue of $263K, expenses of $271K, and assets of $604K (revenue -8.7% year-over-year).
- 2018: Revenue of $288K, expenses of $278K, and assets of $613K (revenue -5.3% year-over-year).
- 2017: Revenue of $304K, expenses of $305K, and assets of $632K (revenue -7.6% year-over-year).
- 2016: Revenue of $329K, expenses of $329K, and assets of $662K (revenue +7.1% year-over-year).
- 2015: Revenue of $307K, expenses of $308K, and assets of $657K (revenue -13.2% year-over-year).
- 2014: Revenue of $354K, expenses of $334K, and assets of $622K (revenue -14.1% year-over-year).
- 2013: Revenue of $412K, expenses of $319K, and assets of $742K (revenue +75.2% year-over-year).
- 2012: Revenue of $235K, expenses of $232K, and assets of $730K (revenue -37.9% year-over-year).
- 2011: Revenue of $379K, expenses of $232K, and assets of $408K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Red Wing Area Seniors Inc:
Data Sources and Methodology
This transparency report for Red Wing Area Seniors 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.