Richmeier Therapeutic Homeincorporated
Richmeier Therapeutic Homeincorporated maintains stable operations with consistent revenue and no reported officer compensation.
EIN: 204776946 · Toledo, OH · NTEE: P32 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.3M |
| Total Expenses | $2.3M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $154K |
| Transparency Score | 75/100 |
Is Richmeier Therapeutic Homeincorporated Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Richmeier Therapeutic Homeincorporated directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Richmeier Therapeutic Homeincorporated
Richmeier Therapeutic Homeincorporated (EIN: 204776946) is a nonprofit organization based in Toledo, OH, classified under NTEE code P32. The organization reported total revenue of $2.3M and total assets of $243K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Richmeier Therapeutic Homeincorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Richmeier Therapeutic Homeincorporated is a mid-size nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.3M |
| Total Expenses | $2.3M |
| Surplus / Deficit | $-5,215 |
| Total Assets | $186K |
| Total Liabilities | $32K |
| Net Assets | $154K |
| Operating Margin | -0.2% |
| Debt-to-Asset Ratio | 17.2% |
| Months of Reserves | 1.0 months |
Financial Health Grade: C
In 2023, Richmeier Therapeutic Homeincorporated reported a deficit of $5K with expenses exceeding revenue, holds 1.0 months of operating reserves (limited), has a debt-to-asset ratio of 17.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Richmeier Therapeutic Homeincorporated's revenue has grown at a compound annual growth rate (CAGR) of 5.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.2% | +8.7% | -7.1% |
| 2022 | -12.8% | -7.6% | +3.2% |
| 2021 | +12.6% | +9.1% | +7.5% |
| 2020 | +40.7% | +41.3% | +28.5% |
| 2019 | +5.9% | +5.8% | +53.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Richmeier Therapeutic Homeincorporated 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Richmeier Therapeutic Homeincorporated allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% 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 deficit of $5K, with expenses exceeding revenue.
- Debt-to-asset ratio: 17.2%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization with over $2 million in annual revenue and suggests either a fully volunteer executive team or that executive compensation is embedded within other expense categories, requiring further scrutiny.
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 Richmeier Therapeutic Homeincorporated's IRS 990 filings:
- Consistent 0% officer compensation reported, which is highly unusual for an organization of this size and warrants further investigation.
- Relatively low asset base compared to annual revenue, suggesting limited financial reserves for unexpected events (e.g., $186,283 assets vs. $2,326,083 revenue in 2023).
Strengths
The following positive indicators were identified for Richmeier Therapeutic Homeincorporated:
- Consistent revenue generation and growth over the past decade, from $1,033,228 in 2014 to $2,326,083 in 2023.
- Stable operational history with 13 IRS 990 filings, indicating regulatory compliance.
- Assets have shown consistent growth, from $77,411 in 2014 to $186,283 in 2023.
- Expenses generally align closely with revenue, indicating efficient use of incoming funds to cover operational costs.
Frequently Asked Questions about Richmeier Therapeutic Homeincorporated
Is Richmeier Therapeutic Homeincorporated a legitimate charity?
Richmeier Therapeutic Homeincorporated (EIN: 204776946) is a registered tax-exempt nonprofit based in Ohio. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.3M. 2 red flags identified. 4 strengths noted. Financial health grade: C.
How does Richmeier Therapeutic Homeincorporated spend its money?
Richmeier Therapeutic Homeincorporated directs 90% of its spending to programs and services. Fundraising costs 2%. This exceeds the 65% industry benchmark.
Are donations to Richmeier Therapeutic Homeincorporated tax-deductible?
Richmeier Therapeutic Homeincorporated is registered as a tax-exempt nonprofit (EIN: 204776946). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Richmeier Therapeutic Homeincorporated CEO make?
Richmeier Therapeutic Homeincorporated's highest-compensated officer earns $2 annually. The organization reported $2.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Richmeier Therapeutic Homeincorporated's spending goes to programs?
Richmeier Therapeutic Homeincorporated directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Richmeier Therapeutic Homeincorporated compare to similar nonprofits?
With a transparency score of 75/100 (Good), Richmeier Therapeutic Homeincorporated is above average for NTEE category P32 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Richmeier Therapeutic Homeincorporated located?
Richmeier Therapeutic Homeincorporated is headquartered in Toledo, Ohio and files with the IRS under EIN 204776946. It is classified under NTEE code P32.
How many years of IRS 990 filings does Richmeier Therapeutic Homeincorporated have?
Richmeier Therapeutic Homeincorporated 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 $2.3M in total revenue.
Is Richmeier Therapeutic Homeincorporated a good charity?
Based on the available data, Richmeier Therapeutic Homeincorporated appears to be a stable organization with consistent revenue and expenses, and a clear mission. The lack of reported officer compensation is a unique factor that could indicate high program efficiency, but also warrants further investigation for complete transparency. Its consistent operations and growth in assets suggest effective management of resources.
How does Richmeier Therapeutic Homeincorporated manage its executive compensation?
The IRS 990 filings consistently report 0% officer compensation. This is highly unusual for an organization of its size and could mean that executive leadership is entirely volunteer-based, or that compensation is reported under other expense lines, which would require a deeper dive into the full 990 forms to clarify.
What is the trend in Richmeier Therapeutic Homeincorporated's financial stability?
Richmeier Therapeutic Homeincorporated has shown consistent revenue growth over the past decade, from $1,033,228 in 2014 to $2,326,083 in 2023. Assets have also grown from $77,411 to $186,283 in the same period, indicating a generally stable and growing financial position, though liabilities have fluctuated.
Filing History
IRS 990 filing history for Richmeier Therapeutic Homeincorporated showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Richmeier Therapeutic Homeincorporated's revenue has grown by 97.3%, moving from $1.2M to $2.3M. Total assets increased by 132.2% over the same period, from $80K to $186K. Total functional expenses rose by 96.3%, from $1.2M to $2.3M. In its most recent filing year (2023), Richmeier Therapeutic Homeincorporated reported a deficit of $5K, with expenses exceeding revenue. The organization holds $32K in liabilities against $186K in assets (debt-to-asset ratio: 17.2%), resulting in net assets of $154K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.3M | $2.3M | $186K | $32K | — | View 990 |
| 2022 | $2.1M | $2.1M | $201K | $41K | — | View 990 |
| 2021 | $2.4M | $2.3M | $194K | $870 | — | View 990 |
| 2020 | $2.1M | $2.1M | $181K | $86K | — | View 990 |
| 2019 | $1.5M | $1.5M | $141K | $68K | — | View 990 |
| 2018 | $1.4M | $1.4M | $92K | $41K | — | View 990 |
| 2017 | $1.3M | $1.3M | $89K | $58K | — | View 990 |
| 2016 | $1.5M | $1.4M | $89K | $58K | — | View 990 |
| 2015 | $1.2M | $1.2M | $80K | $145K | — | View 990 |
| 2014 | $1.0M | $1.1M | $77K | $145K | — | View 990 |
| 2013 | $972K | $1.0M | $103K | $120K | — | View 990 |
| 2012 | $923K | $936K | $63K | $47K | — | View 990 |
| 2011 | $1.2M | $1.2M | $80K | $51K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.3M, expenses of $2.3M, and assets of $186K (revenue +10.2% year-over-year).
- 2022: Revenue of $2.1M, expenses of $2.1M, and assets of $201K (revenue -12.8% year-over-year).
- 2021: Revenue of $2.4M, expenses of $2.3M, and assets of $194K (revenue +12.6% year-over-year).
- 2020: Revenue of $2.1M, expenses of $2.1M, and assets of $181K (revenue +40.7% year-over-year).
- 2019: Revenue of $1.5M, expenses of $1.5M, and assets of $141K (revenue +5.9% year-over-year).
- 2018: Revenue of $1.4M, expenses of $1.4M, and assets of $92K (revenue +8.4% year-over-year).
- 2017: Revenue of $1.3M, expenses of $1.3M, and assets of $89K (revenue -8.3% year-over-year).
- 2016: Revenue of $1.5M, expenses of $1.4M, and assets of $89K (revenue +21.2% year-over-year).
- 2015: Revenue of $1.2M, expenses of $1.2M, and assets of $80K (revenue +16.0% year-over-year).
- 2014: Revenue of $1.0M, expenses of $1.1M, and assets of $77K (revenue +6.3% year-over-year).
- 2013: Revenue of $972K, expenses of $1.0M, and assets of $103K (revenue +5.3% year-over-year).
- 2012: Revenue of $923K, expenses of $936K, and assets of $63K (revenue -21.7% year-over-year).
- 2011: Revenue of $1.2M, expenses of $1.2M, and assets of $80K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Richmeier Therapeutic Homeincorporated:
Data Sources and Methodology
This transparency report for Richmeier Therapeutic Homeincorporated 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.