Rheumatology Nurses Society Inc
Rheumatology Nurses Society Inc. faces significant asset decline and recent deficit spending.
EIN: 208315962 · East Dundee, IL · NTEE: S41 · Updated: 2026-03-28
Is Rheumatology Nurses Society Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Rheumatology Nurses Society Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Rheumatology Nurses Society Inc
Rheumatology Nurses Society Inc (EIN: 208315962) is a nonprofit organization based in East Dundee, IL, classified under NTEE code S41. The organization reported total revenue of $1.2M and total assets of $6K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rheumatology Nurses Society 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 Rheumatology Nurses Society 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: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Rheumatology Nurses Society Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's officers are not directly compensated, which is highly favorable for minimizing administrative costs and maximizing resources for the mission.
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 Rheumatology Nurses Society Inc's IRS 990 filings:
- Dramatic decline in assets from $334,990 (2022) to $6,182 (latest report)
- Significant liabilities of $1,585,000 in 2022, far exceeding assets for that period
- Expenses ($2,617,573) exceeded revenue ($2,240,616) in the 2022 period, indicating deficit spending
- Inconsistent financial performance with large swings in assets and liabilities over recent years
Strengths
The following positive indicators were identified for Rheumatology Nurses Society Inc:
- Consistent reporting of 0% officer compensation, indicating low executive overhead
- History of generating over $1 million in revenue annually since 2015, demonstrating fundraising capacity
- Generally positive revenue trends prior to the 2022 deficit
Frequently Asked Questions about Rheumatology Nurses Society Inc
Is Rheumatology Nurses Society Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Rheumatology Nurses Society Inc (EIN: 208315962) some concerns. Mission Score: 65/100. 4 red flags identified, 3 strengths noted.
How does Rheumatology Nurses Society Inc spend its money?
Rheumatology Nurses Society Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Rheumatology Nurses Society Inc tax-deductible?
Rheumatology Nurses Society Inc is registered as a tax-exempt nonprofit (EIN: 208315962). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Why did the organization's assets drop so dramatically from $334,990 in 2022 to $6,182 in the latest report?
The provided data shows a significant decrease in assets, from $334,990 in the 2022 period to $6,182 in the latest reported revenue period. This could indicate a major expenditure, asset liquidation, or a reporting discrepancy that warrants further investigation into their financial statements.
What caused the large increase in liabilities to $1,585,000 in 2022?
The liabilities jumped from $200 in 2021 to $1,585,000 in 2022. This substantial increase in liabilities, especially when compared to assets of $334,990 in the same period, suggests significant debt or obligations that could impact the organization's long-term financial health.
How does the organization manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization's leadership may be entirely volunteer-based or compensated through other means not classified as 'officer compensation' on the 990, such as through a management company or as regular employees, which would require deeper scrutiny of their full 990 forms.
Is the organization financially stable given its current low assets and high liabilities?
With current assets at $6,182 and a history of high liabilities ($1,585,000 in 2022), the organization's financial stability appears precarious. A detailed review of their balance sheet and cash flow statements would be necessary to fully assess their solvency and liquidity.
Filing History
IRS 990 filing history for Rheumatology Nurses Society Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Rheumatology Nurses Society Inc's revenue has grown by 680.5%, moving from $287K to $2.2M. Total assets increased by 177.4% over the same period, from $121K to $335K. Total functional expenses rose by 469.9%, from $459K to $2.6M. In its most recent filing year (2022), Rheumatology Nurses Society Inc reported a deficit of $377K, with expenses exceeding revenue. The organization holds $2K in liabilities against $335K in assets (debt-to-asset ratio: 0.5%), resulting in net assets of $333K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2022 | $2.2M | $2.6M | $335K | $2K | — | — |
| 2021 | $2.5M | $2.4M | $711K | $200 | — | View 990 |
| 2020 | $3.2M | $2.6M | $568K | $0 | — | — |
| 2019 | $2.9M | $3.1M | $93K | $120K | — | — |
| 2018 | $3.0M | $2.8M | $167K | $5K | — | View 990 |
| 2017 | $1.9M | $1.8M | $590K | $0 | — | View 990 |
| 2016 | $1.4M | $1.3M | $581K | $3K | — | View 990 |
| 2015 | $1.4M | $1.0M | $905K | $878 | — | View 990 |
| 2014 | $949K | $469K | $568K | $0 | — | View 990 |
| 2013 | $427K | $470K | $107K | $19K | — | View 990 |
| 2012 | $506K | $495K | $131K | $0 | — | View 990 |
| 2011 | $287K | $459K | $121K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $2.2M, expenses of $2.6M, and assets of $335K (revenue -11.1% year-over-year).
- 2021: Revenue of $2.5M, expenses of $2.4M, and assets of $711K (revenue -21.3% year-over-year).
- 2020: Revenue of $3.2M, expenses of $2.6M, and assets of $568K (revenue +10.7% year-over-year).
- 2019: Revenue of $2.9M, expenses of $3.1M, and assets of $93K (revenue -2.3% year-over-year).
- 2018: Revenue of $3.0M, expenses of $2.8M, and assets of $167K (revenue +59.1% year-over-year).
- 2017: Revenue of $1.9M, expenses of $1.8M, and assets of $590K (revenue +30.4% year-over-year).
- 2016: Revenue of $1.4M, expenses of $1.3M, and assets of $581K (revenue +4.3% year-over-year).
- 2015: Revenue of $1.4M, expenses of $1.0M, and assets of $905K (revenue +44.1% year-over-year).
- 2014: Revenue of $949K, expenses of $469K, and assets of $568K (revenue +122.4% year-over-year).
- 2013: Revenue of $427K, expenses of $470K, and assets of $107K (revenue -15.6% year-over-year).
- 2012: Revenue of $506K, expenses of $495K, and assets of $131K (revenue +76.1% year-over-year).
- 2011: Revenue of $287K, expenses of $459K, and assets of $121K.
Data Sources and Methodology
This transparency report for Rheumatology Nurses Society 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.