Rosswoods Inc
Rosswoods Inc. maintains strong assets but has experienced recent operating deficits.
EIN: 200314596 · Dalton, GA · Updated: 2026-03-28
Is Rosswoods Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Rosswoods Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Rosswoods Inc
Rosswoods Inc (EIN: 200314596) is a nonprofit organization based in Dalton, GA. The organization reported total revenue of $749K and total assets of $2.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rosswoods Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rosswoods Inc is a small nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $744K |
| Total Expenses | $915K |
| Surplus / Deficit | $-171,053 |
| Total Assets | $2.2M |
| Total Liabilities | $36K |
| Net Assets | $2.1M |
| Operating Margin | -23.0% |
| Debt-to-Asset Ratio | 1.7% |
| Months of Reserves | 28.6 months |
Financial Health Grade: B
In 2023, Rosswoods Inc reported a deficit of $171K with expenses exceeding revenue, holds 28.6 months of operating reserves (strong position), has a debt-to-asset ratio of 1.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Rosswoods Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -22.8% | +10.3% | -7.3% |
| 2022 | +9.7% | +13.8% | +6.4% |
| 2021 | +23.1% | +16.9% | +8.3% |
| 2020 | -24.1% | -41.4% | +3.7% |
| 2019 | +9.8% | +6.6% | -5.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Rosswoods Inc 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Rosswoods Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $171K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.7%.
Executive Compensation Analysis
Rosswoods Inc. consistently reports 0% officer compensation across all available filings, suggesting either a fully volunteer-led executive team or that executive compensation is categorized differently, which is highly unusual for an organization of this revenue size.
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 Rosswoods Inc's IRS 990 filings:
- Consistent operating deficits in recent years (e.g., 2023: $171,053 deficit; 2019: $123,381 deficit) could deplete reserves if not addressed.
- Lack of NTEE code and detailed expense breakdown limits full assessment of programmatic focus and spending efficiency.
- Unusual consistent reporting of 0% officer compensation for an organization of this size, potentially obscuring true leadership costs.
Strengths
The following positive indicators were identified for Rosswoods Inc:
- Strong and consistent asset base, typically over $2 million, indicating financial stability.
- Very low liabilities, consistently under $40,000, suggesting minimal debt burden.
- Consistent filing of IRS Form 990s, demonstrating a commitment to regulatory transparency.
Frequently Asked Questions about Rosswoods Inc
Is Rosswoods Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Rosswoods Inc (EIN: 200314596) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does Rosswoods Inc spend its money?
Rosswoods Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Rosswoods Inc tax-deductible?
Rosswoods Inc is registered as a tax-exempt nonprofit (EIN: 200314596). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Why does Rosswoods Inc. consistently report 0% officer compensation?
The consistent reporting of 0% officer compensation across all 13 filings is highly unusual for an organization with annual revenues approaching $1 million. This could indicate a fully volunteer-led executive team, or that compensation is paid through a related entity or categorized under other expense lines, which would require further investigation to understand the true cost of leadership.
What is the NTEE code and primary mission of Rosswoods Inc.?
The provided data does not include an NTEE code or a description of Rosswoods Inc.'s primary mission. This information is crucial for understanding the organization's purpose and evaluating its programmatic effectiveness.
What caused the significant operating deficits in 2023 and 2019?
In 2023, expenses ($915,013) exceeded revenue ($743,960) by $171,053. Similarly, in 2019, expenses ($1,063,703) exceeded revenue ($940,322) by $123,381. Without a detailed breakdown of expenses, it's unclear whether these deficits were due to increased program spending, administrative costs, or one-time expenditures. This trend, if continued, could impact the organization's long-term financial health.
How does Rosswoods Inc. manage its fundraising efforts?
The provided data does not offer specific details on fundraising expenses or strategies. Given the revenue fluctuations, understanding the efficiency and cost of fundraising would be beneficial for assessing overall financial health.
Filing History
IRS 990 filing history for Rosswoods Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Rosswoods Inc's revenue has declined by 9.4%, moving from $821K to $744K. Total assets decreased by 17.7% over the same period, from $2.7M to $2.2M. Total functional expenses rose by 9.2%, from $838K to $915K. In its most recent filing year (2023), Rosswoods Inc reported a deficit of $171K, with expenses exceeding revenue. The organization holds $36K in liabilities against $2.2M in assets (debt-to-asset ratio: 1.7%), resulting in net assets of $2.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $744K | $915K | $2.2M | $36K | — | View 990 |
| 2022 | $963K | $829K | $2.4M | $37K | — | View 990 |
| 2021 | $878K | $729K | $2.2M | $29K | — | View 990 |
| 2020 | $713K | $623K | $2.0M | $8K | — | View 990 |
| 2019 | $940K | $1.1M | $2.0M | $26K | — | View 990 |
| 2018 | $856K | $998K | $2.1M | $18K | — | View 990 |
| 2017 | $966K | $960K | $2.2M | $26K | — | View 990 |
| 2016 | $912K | $968K | $2.2M | $22K | — | View 990 |
| 2015 | $964K | $1.0M | $2.3M | $18K | — | View 990 |
| 2014 | $929K | $920K | $2.3M | $19K | — | View 990 |
| 2013 | $833K | $909K | $2.3M | $18K | — | View 990 |
| 2012 | $916K | $922K | $2.4M | $26K | — | View 990 |
| 2011 | $821K | $838K | $2.7M | $277K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $744K, expenses of $915K, and assets of $2.2M (revenue -22.8% year-over-year).
- 2022: Revenue of $963K, expenses of $829K, and assets of $2.4M (revenue +9.7% year-over-year).
- 2021: Revenue of $878K, expenses of $729K, and assets of $2.2M (revenue +23.1% year-over-year).
- 2020: Revenue of $713K, expenses of $623K, and assets of $2.0M (revenue -24.1% year-over-year).
- 2019: Revenue of $940K, expenses of $1.1M, and assets of $2.0M (revenue +9.8% year-over-year).
- 2018: Revenue of $856K, expenses of $998K, and assets of $2.1M (revenue -11.4% year-over-year).
- 2017: Revenue of $966K, expenses of $960K, and assets of $2.2M (revenue +5.9% year-over-year).
- 2016: Revenue of $912K, expenses of $968K, and assets of $2.2M (revenue -5.3% year-over-year).
- 2015: Revenue of $964K, expenses of $1.0M, and assets of $2.3M (revenue +3.8% year-over-year).
- 2014: Revenue of $929K, expenses of $920K, and assets of $2.3M (revenue +11.6% year-over-year).
- 2013: Revenue of $833K, expenses of $909K, and assets of $2.3M (revenue -9.1% year-over-year).
- 2012: Revenue of $916K, expenses of $922K, and assets of $2.4M (revenue +11.5% year-over-year).
- 2011: Revenue of $821K, expenses of $838K, and assets of $2.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rosswoods Inc:
Data Sources and Methodology
This transparency report for Rosswoods 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.