Salida Senior Daycare Inc

Is Salida Senior Daycare Inc Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Salida Senior Daycare Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Salida Senior Daycare Inc

Salida Senior Daycare Inc (EIN: 205946923) is a nonprofit organization based in Salida, CO, classified under NTEE code P81. The organization reported total revenue of $189K and total assets of $824K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Salida Senior Daycare Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Salida Senior Daycare Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

• admin: 10%
• programs: 85%
• fundraising: 5%

According to IRS 990 filings, Salida Senior Daycare Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, indicating that no officers or key employees receive salaries from the organization, which is highly commendable for a nonprofit of its 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 Salida Senior Daycare Inc's IRS 990 filings:

• Expenses exceeded revenue in the latest fiscal period (2023), resulting in a deficit of $11,702.
• Significant increase in liabilities from $129,714 in 2022 to $696,862 in 2023, which could indicate increased debt burden.

Strengths

The following positive indicators were identified for Salida Senior Daycare Inc:

• Consistent reporting of 0% officer compensation, demonstrating strong commitment to mission-focused spending.
• Significant asset growth from $274,205 in 2022 to $829,651 in 2023, potentially indicating investment in program capacity.
• Generally stable financial history with revenues often exceeding expenses in prior years.
• Long filing history (13 filings) indicates consistent compliance and transparency.

Frequently Asked Questions about Salida Senior Daycare Inc

Filing History

IRS 990 filing history for Salida Senior Daycare Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Salida Senior Daycare Inc's revenue has grown by 53.1%, moving from $90K to $138K. Total assets increased by 4861.4% over the same period, from $17K to $830K. Total functional expenses rose by 87%, from $80K to $149K. In its most recent filing year (2023), Salida Senior Daycare Inc reported a deficit of $12K, with expenses exceeding revenue. The organization holds $697K in liabilities against $830K in assets (debt-to-asset ratio: 84.0%), resulting in net assets of $133K.

Year-by-Year Financial Summary

• 2023: Revenue of $138K, expenses of $149K, and assets of $830K (revenue -2.1% year-over-year).
• 2022: Revenue of $141K, expenses of $130K, and assets of $274K (revenue -22.7% year-over-year).
• 2021: Revenue of $182K, expenses of $137K, and assets of $160K (revenue +68.3% year-over-year).
• 2020: Revenue of $108K, expenses of $104K, and assets of $117K (revenue -2.4% year-over-year).
• 2019: Revenue of $111K, expenses of $103K, and assets of $92K (revenue -34.2% year-over-year).
• 2018: Revenue of $168K, expenses of $106K, and assets of $79K (revenue +65.3% year-over-year).
• 2017: Revenue of $102K, expenses of $117K, and assets of $17K (revenue +8.8% year-over-year).
• 2016: Revenue of $94K, expenses of $113K, and assets of $38K (revenue -24.6% year-over-year).
• 2015: Revenue of $124K, expenses of $92K, and assets of $62K (revenue +53.4% year-over-year).
• 2014: Revenue of $81K, expenses of $84K, and assets of $34K (revenue -23.1% year-over-year).
• 2013: Revenue of $105K, expenses of $98K, and assets of $42K (revenue +15.8% year-over-year).
• 2012: Revenue of $91K, expenses of $91K, and assets of $19K (revenue +1.2% year-over-year).
• 2011: Revenue of $90K, expenses of $80K, and assets of $17K.

Data Sources and Methodology

This transparency report for Salida Senior Daycare 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.