Royal Corporation

Royal Corporation experiences significant financial deficit in 2023 after periods of revenue growth.

EIN: 205594193 · Buena Vista, CO · NTEE: X20 · Updated: 2026-03-28

$591KRevenue

$148KAssets

70/100Mission Score (Good)

X20

About Royal Corporation

Royal Corporation (EIN: 205594193) is a nonprofit organization based in Buena Vista, CO, classified under NTEE code X20. The organization reported total revenue of $591K and total assets of $148K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Royal Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Royal Corporation demonstrates a fluctuating financial health over its filing history. While the organization has experienced periods of strong revenue growth, such as from $263,497 in 2015 to $962,937 in 2022, it has also shown significant deficits, most notably in 2023 where expenses ($1,063,300) substantially exceeded revenue ($760,852). This resulted in a net loss of over $300,000 for that period, impacting its asset base which decreased from $293,884 in 2022 to $139,333 in 2023, while liabilities increased significantly to $194,800. The organization's NTEE code X20, 'Religious', suggests a focus on religious activities, which typically have varying operational structures.

The spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, the consistent reporting of 0% officer compensation across all filings indicates a commitment to minimizing executive overhead, which is a positive sign for donor funds being directed towards the mission. The organization's assets have also shown considerable variability, peaking at $304,000 in 2019 before declining. The recent increase in liabilities in 2023 is a concern that warrants further investigation into the nature of these obligations.

In terms of transparency, the consistent filing of IRS Form 990s over eight periods is a strong indicator of compliance and a willingness to disclose financial information. The absence of officer compensation is a transparent practice that can build donor trust. However, without more granular expense data, a complete picture of how funds are allocated between programs, administration, and fundraising remains elusive, limiting a full assessment of spending efficiency.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Royal Corporation with a Mission Score of 70 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: 15%
programs: 80%
fundraising: 5%

According to IRS 990 filings, Royal Corporation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 received compensation, which is highly favorable for directing funds towards the organization's 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 Royal Corporation's IRS 990 filings:

Significant deficit in 2023 ($760,852 revenue vs. $1,063,300 expenses)
Substantial increase in liabilities in 2023 ($194,800)
Declining asset base from $293,884 in 2022 to $139,333 in 2023

Strengths

The following positive indicators were identified for Royal Corporation:

Consistent 0% officer compensation across all filings
Regular filing of IRS Form 990s demonstrating transparency
History of strong revenue generation in previous years (e.g., $962,937 in 2022)

Frequently Asked Questions about Royal Corporation

Is Royal Corporation financially stable?

Royal Corporation's financial stability is questionable given the significant deficit in 2023, where expenses exceeded revenue by over $300,000, and the increase in liabilities to $194,800. While previous years showed more balanced finances, the latest filing indicates a period of financial strain.

How does Royal Corporation manage its executive compensation?

Royal Corporation reports 0% officer compensation across all available filings, suggesting that its leadership is either unpaid or compensated through other means not reported as officer compensation on the 990s, which is generally a positive indicator for donor funds.

What caused the large increase in liabilities in 2023?

The provided data does not specify the nature of the liabilities, but they increased from $50,333 in 2022 to $194,800 in 2023. This significant jump warrants further investigation into the organization's detailed financial statements to understand the underlying causes.

What is the trend in Royal Corporation's assets?

Royal Corporation's assets have fluctuated, peaking at $304,000 in 2019 and declining to $139,333 in 2023. The recent decrease in assets, coupled with increased liabilities, suggests a weakening financial position.

Filing History

IRS 990 filing history for Royal Corporation showing financial trends over 8 years of public records:

Over 8 years of IRS 990 filings (2015–2023), Royal Corporation's revenue has grown by 188.8%, moving from $263K to $761K. Total assets decreased by 33.9% over the same period, from $211K to $139K. Total functional expenses rose by 1666.1%, from $60K to $1.1M. In its most recent filing year (2023), Royal Corporation reported a deficit of $302K, with expenses exceeding revenue. The organization holds $195K in liabilities against $139K in assets (debt-to-asset ratio: 139.8%), resulting in net assets of $-55,467.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$761K	$1.1M	$139K	$195K	—	View 990
2022	$963K	$939K	$294K	$50K	—	—
2021	$732K	$770K	$240K	$100K	—	View 990
2020	$514K	$550K	$244K	$51K	—	—
2019	$632K	$469K	$304K	$74K	—	View 990
2018	$472K	$458K	$114K	$55K	—	View 990
2017	$311K	$188K	$183K	$50K	—	View 990
2015	$263K	$60K	$211K	$4K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $761K, expenses of $1.1M, and assets of $139K (revenue -21.0% year-over-year).
2022: Revenue of $963K, expenses of $939K, and assets of $294K (revenue +31.6% year-over-year).
2021: Revenue of $732K, expenses of $770K, and assets of $240K (revenue +42.5% year-over-year).
2020: Revenue of $514K, expenses of $550K, and assets of $244K (revenue -18.7% year-over-year).
2019: Revenue of $632K, expenses of $469K, and assets of $304K (revenue +33.7% year-over-year).
2018: Revenue of $472K, expenses of $458K, and assets of $114K (revenue +51.7% year-over-year).
2017: Revenue of $311K, expenses of $188K, and assets of $183K (revenue +18.2% year-over-year).
2015: Revenue of $263K, expenses of $60K, and assets of $211K.

Data Sources and Methodology

This transparency report for Royal Corporation 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.