Salgo Noren Foundation Inc
Salgo Noren Foundation Inc. faces significant financial challenges with consistent deficit spending and declining assets.
EIN: 136162772 · Wichita, KS · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $23K |
| Total Expenses | $514K |
| Program Spending | 70% |
| Net Assets | $1.1M |
| Transparency Score | 45/100 |
Is Salgo Noren Foundation Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Salgo Noren Foundation Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Salgo Noren Foundation Inc
Salgo Noren Foundation Inc (EIN: 136162772) is a nonprofit organization based in Wichita, KS. The organization reported total revenue of $23K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Salgo Noren Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Salgo Noren Foundation Inc is a micro nonprofit that has been operating for 68 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -9.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $14K |
| Total Expenses | $514K |
| Surplus / Deficit | $-499,430 |
| Total Assets | $1.1M |
| Total Liabilities | $1 |
| Net Assets | $1.1M |
| Operating Margin | -3496.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 24.9 months |
Financial Health Grade: B
In 2023, Salgo Noren Foundation Inc reported a deficit of $499K with expenses exceeding revenue, holds 24.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Salgo Noren Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -9.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -82.6% | -5.7% | -31.8% |
| 2022 | -69.0% | +85.6% | -22.8% |
| 2021 | +63.6% | -21.4% | -1.4% |
| 2020 | -4.2% | +35.7% | -9.3% |
| 2019 | +29.0% | +98.2% | +34.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1958 |
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 Salgo Noren Foundation Inc with a Mission Score of 45 out of 100 (Fair). 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, Salgo Noren Foundation 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 $499K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% in all available filings, which is highly favorable and indicates that no officers are drawing salaries from the organization, suggesting a volunteer-led or very lean administrative structure.
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 Salgo Noren Foundation Inc's IRS 990 filings:
- Consistent and significant deficit spending (e.g., $513,714 expenses vs. $14,284 revenue in 2023).
- Rapid decline in total assets over recent years (from $2,267,745 in 2019 to $1,066,905 in 2023).
- Revenue has been highly volatile and generally low relative to expenses.
- Lack of NTEE code makes it difficult to benchmark against similar organizations.
Strengths
The following positive indicators were identified for Salgo Noren Foundation Inc:
- Zero officer compensation reported across all filings, indicating efficient use of funds for leadership.
- Maintains a low liability balance ($1 across all filings), suggesting good debt management.
Frequently Asked Questions about Salgo Noren Foundation Inc
Is Salgo Noren Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Salgo Noren Foundation Inc (EIN: 136162772) significant concerns. Mission Score: 45/100. 4 red flags identified, 2 strengths noted.
How does Salgo Noren Foundation Inc spend its money?
Salgo Noren Foundation Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Salgo Noren Foundation Inc tax-deductible?
Salgo Noren Foundation Inc is registered as a tax-exempt nonprofit (EIN: 136162772). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Salgo Noren Foundation Inc's spending goes to programs?
Salgo Noren Foundation Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Salgo Noren Foundation Inc located?
Salgo Noren Foundation Inc is headquartered in Wichita, Kansas and files with the IRS under EIN 136162772.
How many years of IRS 990 filings does Salgo Noren Foundation Inc have?
Salgo Noren Foundation Inc has 10 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 $23K in total revenue.
Is Salgo Noren Foundation Inc. financially sustainable?
Based on the consistent trend of expenses significantly exceeding revenue (e.g., $513,714 expenses vs. $14,284 revenue in 2023), the organization's current financial model appears unsustainable without a substantial increase in funding or reduction in expenses.
Why are the assets declining so rapidly?
The rapid decline in assets, from over $2 million in 2019 to just over $1 million in 2023, is directly attributable to the organization consistently spending more than it earns, drawing down its reserves to cover operational deficits.
What is the organization's primary program focus?
The NTEE code is unknown, and without further information on the organization's specific programs or mission statement, it is difficult to ascertain its primary program focus from the provided financial data alone.
Filing History
IRS 990 filing history for Salgo Noren Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Salgo Noren Foundation Inc's revenue has declined by 69.1%, moving from $46K to $14K. Total assets decreased by 37.6% over the same period, from $1.7M to $1.1M. Total functional expenses rose by 230.8%, from $155K to $514K. In its most recent filing year (2023), Salgo Noren Foundation Inc reported a deficit of $499K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $14K | $514K | $1.1M | $1 | — | — |
| 2022 | $82K | $545K | $1.6M | $1 | — | View 990 |
| 2021 | $264K | $293K | $2.0M | $1 | — | View 990 |
| 2020 | $162K | $374K | $2.1M | $1 | — | View 990 |
| 2019 | $169K | $275K | $2.3M | $1 | — | View 990 |
| 2015 | $131K | $139K | $1.7M | $1 | — | View 990 |
| 2014 | $199K | $164K | $1.7M | $1 | — | View 990 |
| 2013 | $51K | $235K | $1.7M | $1 | — | View 990 |
| 2012 | $281K | $150K | $1.8M | $1 | — | View 990 |
| 2011 | $46K | $155K | $1.7M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $14K, expenses of $514K, and assets of $1.1M (revenue -82.6% year-over-year).
- 2022: Revenue of $82K, expenses of $545K, and assets of $1.6M (revenue -69.0% year-over-year).
- 2021: Revenue of $264K, expenses of $293K, and assets of $2.0M (revenue +63.6% year-over-year).
- 2020: Revenue of $162K, expenses of $374K, and assets of $2.1M (revenue -4.2% year-over-year).
- 2019: Revenue of $169K, expenses of $275K, and assets of $2.3M (revenue +29.0% year-over-year).
- 2015: Revenue of $131K, expenses of $139K, and assets of $1.7M (revenue -34.3% year-over-year).
- 2014: Revenue of $199K, expenses of $164K, and assets of $1.7M (revenue +290.5% year-over-year).
- 2013: Revenue of $51K, expenses of $235K, and assets of $1.7M (revenue -81.9% year-over-year).
- 2012: Revenue of $281K, expenses of $150K, and assets of $1.8M (revenue +507.5% year-over-year).
- 2011: Revenue of $46K, expenses of $155K, and assets of $1.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Salgo Noren Foundation Inc:
Data Sources and Methodology
This transparency report for Salgo Noren Foundation 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.