Safe Harbor Medical Inc
EIN: 300342035 · Las Vegas, NV · NTEE: E20
| Metric | Value |
|---|---|
| Total Revenue | $1.0M |
| Total Expenses | $597K |
| Net Assets | $61K |
Is Safe Harbor Medical Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Safe Harbor Medical Inc
Safe Harbor Medical Inc (EIN: 300342035) is a nonprofit organization based in Las Vegas, NV, classified under NTEE code E20. The organization reported total revenue of $1.0M and total assets of $137K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Safe Harbor Medical Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Safe Harbor Medical Inc is a mid-size nonprofit that has been operating for 4 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of 41.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $659K |
| Total Expenses | $597K |
| Surplus / Deficit | +$61K |
| Total Assets | $74K |
| Total Liabilities | $12K |
| Net Assets | $61K |
| Operating Margin | 9.3% |
| Debt-to-Asset Ratio | 16.9% |
| Months of Reserves | 1.5 months |
Financial Health Grade: A
In 2023, Safe Harbor Medical Inc reported a surplus of $61K with revenue exceeding expenses, holds 1.5 months of operating reserves (limited), has a debt-to-asset ratio of 16.9% (very low leverage).
Financial Trends
Over 3 years of filings (2021–2023), Safe Harbor Medical Inc's revenue has grown at a compound annual growth rate (CAGR) of 41.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +31.9% | +13.3% | +714.4% |
| 2022 | +50.8% | +48.2% | -47.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 8000 |
| IRS Ruling Date | 2022 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Safe Harbor Medical 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 Safe Harbor Medical 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 $61K, with revenue exceeding expenses.
- Debt-to-asset ratio: 16.9%.
Frequently Asked Questions about Safe Harbor Medical Inc
Is Safe Harbor Medical Inc a legitimate charity?
Safe Harbor Medical Inc (EIN: 300342035) is a registered tax-exempt nonprofit based in Nevada. It has 3 years of IRS 990 filings on record. Total revenue: $1.0M. No red flags identified. Financial health grade: A.
How does Safe Harbor Medical Inc spend its money?
Safe Harbor Medical Inc reported $1.0M in total revenue in IRS 990 filings. 3 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Safe Harbor Medical Inc tax-deductible?
Safe Harbor Medical Inc is registered as a tax-exempt nonprofit (EIN: 300342035). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Safe Harbor Medical Inc located?
Safe Harbor Medical Inc is headquartered in Las Vegas, Nevada and files with the IRS under EIN 300342035. It is classified under NTEE code E20.
How many years of IRS 990 filings does Safe Harbor Medical Inc have?
Safe Harbor Medical Inc has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $1.0M in total revenue.
Filing History
IRS 990 filing history for Safe Harbor Medical Inc showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Safe Harbor Medical Inc's revenue has grown by 98.9%, moving from $331K to $659K. Total assets increased by 325.5% over the same period, from $17K to $74K. Total functional expenses rose by 67.9%, from $356K to $597K. In its most recent filing year (2023), Safe Harbor Medical Inc reported a surplus of $61K, with revenue exceeding expenses. The organization holds $12K in liabilities against $74K in assets (debt-to-asset ratio: 16.9%), resulting in net assets of $61K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $659K | $597K | $74K | $12K | — | View 990 |
| 2022 | $499K | $527K | $9K | $0 | — | View 990 |
| 2021 | $331K | $356K | $17K | $12K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $659K, expenses of $597K, and assets of $74K (revenue +31.9% year-over-year).
- 2022: Revenue of $499K, expenses of $527K, and assets of $9K (revenue +50.8% year-over-year).
- 2021: Revenue of $331K, expenses of $356K, and assets of $17K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Safe Harbor Medical Inc:
Data Sources and Methodology
This transparency report for Safe Harbor Medical 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.