Secure Benefit Services Inc
Secure Benefit Services Inc. consistently operates with high liabilities relative to assets and reports zero officer compensation.
EIN: 20616337 · Saint Petersburg, FL · NTEE: W99 · Updated: 2026-03-28
Is Secure Benefit Services Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Secure Benefit Services Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Secure Benefit Services Inc
Secure Benefit Services Inc (EIN: 20616337) is a nonprofit organization based in Saint Petersburg, FL, classified under NTEE code W99. The organization reported total revenue of $562K and total assets of $2.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Secure Benefit Services 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 Secure Benefit Services Inc with a Mission Score of 60 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, Secure Benefit Services Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is not directly compensated through salaries, which is a strong positive for donor trust and resource allocation.
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 Secure Benefit Services Inc's IRS 990 filings:
- High liabilities-to-assets ratio, consistently close to 1:1, suggesting significant financial obligations.
- NTEE code W99 (Unknown) indicates a lack of clear mission or program classification, hindering transparency.
- Lack of detailed expense breakdown in available data makes it difficult to precisely assess program efficiency.
Strengths
The following positive indicators were identified for Secure Benefit Services Inc:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds for non-executive purposes.
- Generally stable revenue generation, with revenues often exceeding or closely matching expenses over the past decade (e.g., $612,926 revenue vs. $573,092 expenses in 2023).
- Maintained substantial assets over time, with assets reaching $2,793,295 in 2023.
Frequently Asked Questions about Secure Benefit Services Inc
Is Secure Benefit Services Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Secure Benefit Services Inc (EIN: 20616337) some concerns. Mission Score: 60/100. 3 red flags identified, 3 strengths noted.
How does Secure Benefit Services Inc spend its money?
Secure Benefit Services Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Secure Benefit Services Inc tax-deductible?
Secure Benefit Services Inc is registered as a tax-exempt nonprofit (EIN: 20616337). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What is the nature of Secure Benefit Services Inc.'s high liabilities?
The filings consistently show liabilities very close to total assets (e.g., $2,737,009 in liabilities vs. $2,793,295 in assets in 2023). Understanding the composition of these liabilities (e.g., program-related debt, operational loans, or other obligations) is crucial for assessing financial risk and stability.
What specific programs does Secure Benefit Services Inc. operate?
The NTEE code W99 (Unknown) does not provide clarity on the organization's mission or programmatic activities. A detailed explanation of its programs would help stakeholders understand its impact and align with its financial expenditures.
How does Secure Benefit Services Inc. sustain operations without officer compensation?
The consistent reporting of 0% officer compensation raises questions about how the organization's leadership is supported or if services are provided on a purely volunteer basis, which could be a strength but also warrants understanding for long-term sustainability.
Filing History
IRS 990 filing history for Secure Benefit Services Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Secure Benefit Services Inc's revenue has grown by 357.5%, moving from $134K to $613K. Total assets increased by 550.3% over the same period, from $430K to $2.8M. Total functional expenses rose by 340.1%, from $130K to $573K. In its most recent filing year (2023), Secure Benefit Services Inc reported a surplus of $40K, with revenue exceeding expenses. The organization holds $2.7M in liabilities against $2.8M in assets (debt-to-asset ratio: 98.0%), resulting in net assets of $56K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $613K | $573K | $2.8M | $2.7M | — | — |
| 2022 | $586K | $576K | $3.2M | $3.1M | — | View 990 |
| 2021 | $465K | $481K | $3.1M | $3.1M | — | View 990 |
| 2020 | $408K | $392K | $3.2M | $3.2M | — | View 990 |
| 2019 | $431K | $463K | $2.0M | $2.0M | — | View 990 |
| 2018 | $526K | $494K | $1.8M | $1.8M | — | View 990 |
| 2017 | $438K | $467K | $2.0M | $2.0M | — | View 990 |
| 2016 | $479K | $452K | $1.7M | $1.7M | — | View 990 |
| 2015 | $370K | $383K | $2.4M | $2.4M | — | View 990 |
| 2014 | $393K | $381K | $1.3M | $1.3M | — | View 990 |
| 2013 | $273K | $267K | $1.1M | $1.1M | — | — |
| 2012 | $174K | $180K | $821K | $818K | — | — |
| 2011 | $171K | $164K | $574K | $565K | — | — |
| 2010 | $134K | $130K | $430K | $428K | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $613K, expenses of $573K, and assets of $2.8M (revenue +4.6% year-over-year).
- 2022: Revenue of $586K, expenses of $576K, and assets of $3.2M (revenue +25.9% year-over-year).
- 2021: Revenue of $465K, expenses of $481K, and assets of $3.1M (revenue +14.1% year-over-year).
- 2020: Revenue of $408K, expenses of $392K, and assets of $3.2M (revenue -5.4% year-over-year).
- 2019: Revenue of $431K, expenses of $463K, and assets of $2.0M (revenue -18.1% year-over-year).
- 2018: Revenue of $526K, expenses of $494K, and assets of $1.8M (revenue +20.1% year-over-year).
- 2017: Revenue of $438K, expenses of $467K, and assets of $2.0M (revenue -8.7% year-over-year).
- 2016: Revenue of $479K, expenses of $452K, and assets of $1.7M (revenue +29.5% year-over-year).
- 2015: Revenue of $370K, expenses of $383K, and assets of $2.4M (revenue -5.8% year-over-year).
- 2014: Revenue of $393K, expenses of $381K, and assets of $1.3M (revenue +43.8% year-over-year).
- 2013: Revenue of $273K, expenses of $267K, and assets of $1.1M (revenue +57.1% year-over-year).
- 2012: Revenue of $174K, expenses of $180K, and assets of $821K (revenue +1.5% year-over-year).
- 2011: Revenue of $171K, expenses of $164K, and assets of $574K (revenue +27.9% year-over-year).
- 2010: Revenue of $134K, expenses of $130K, and assets of $430K.
Data Sources and Methodology
This transparency report for Secure Benefit Services 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.