Sequoyah Therapy Inc
Sequoyah Therapy Inc. reports sudden, unexplained revenue spike after years of minimal or no financial activity.
EIN: 203756517 · Sallisaw, OK · NTEE: J30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $479K |
| Net Assets | $1 |
| Transparency Score | 20/100 |
Is Sequoyah Therapy Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Sequoyah Therapy Inc
Sequoyah Therapy Inc (EIN: 203756517) is a nonprofit organization based in Sallisaw, OK, classified under NTEE code J30. The organization reported total revenue of $479K and total assets of $24K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sequoyah Therapy Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sequoyah Therapy Inc is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | -100.0% | -100.0% | +0.0% |
| 2020 | +46.8% | +64.1% | -100.0% |
| 2019 | +45.3% | -3.6% | +145.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2100 |
| IRS Ruling Date | 2006 |
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 Sequoyah Therapy Inc with a Mission Score of 20 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 0%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Sequoyah Therapy Inc allocates its expenses as follows: admin: 0%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, suggesting a volunteer-led organization or one where leadership is not compensated through the nonprofit, which is unusual for an organization reporting significant revenue.
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 Sequoyah Therapy Inc's IRS 990 filings:
- Inconsistent financial reporting, with $0 revenue/expenses for 2021-2023 followed by a large, unexplained 'Latest Revenue' figure.
- Assets consistently reported as $1 for the past four years, which is highly unusual for an active organization.
- Lack of detailed expense breakdown for the 'Latest Revenue' figure, making spending efficiency impossible to assess.
- Significant fluctuations in historical revenue and expenses without clear explanations in the provided data.
- No officer compensation reported across all filings, which can be a red flag for transparency if key personnel are compensated through other means not disclosed.
Strengths
The following positive indicators were identified for Sequoyah Therapy Inc:
- Historically low or no reported officer compensation, suggesting a volunteer-driven model or efficient use of funds if operations were active.
Frequently Asked Questions about Sequoyah Therapy Inc
Is Sequoyah Therapy Inc a legitimate charity?
Sequoyah Therapy Inc (EIN: 203756517) is a registered tax-exempt nonprofit based in Oklahoma. Our AI analysis gives it a Mission Score of 20/100. It has 13 years of IRS 990 filings on record. Total revenue: $479K. 5 red flags identified. 1 strength noted. Financial health grade: B.
How does Sequoyah Therapy Inc spend its money?
Sequoyah Therapy Inc reported $479K in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Sequoyah Therapy Inc tax-deductible?
Sequoyah Therapy Inc is registered as a tax-exempt nonprofit (EIN: 203756517). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Sequoyah Therapy Inc compare to similar nonprofits?
With a transparency score of 20/100 (Poor), Sequoyah Therapy Inc is below average for NTEE category J30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Sequoyah Therapy Inc located?
Sequoyah Therapy Inc is headquartered in Sallisaw, Oklahoma and files with the IRS under EIN 203756517. It is classified under NTEE code J30.
How many years of IRS 990 filings does Sequoyah Therapy Inc have?
Sequoyah Therapy Inc has 13 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 $479K in total revenue.
What is the source and nature of the 'Latest Revenue' of $478,506, given the preceding years of $0 revenue?
The provided data does not offer an explanation for the sudden increase in revenue to $478,506, especially after three consecutive years (2021-2023) of reporting $0 revenue and expenses. This significant discrepancy requires further investigation.
Why have assets consistently been reported as $1 for the past four years, despite varying revenue and expense figures in earlier periods?
The consistent reporting of $1 in assets from 2020-2023, even when revenue was $104,949 in 2020, is highly unusual and suggests either a reporting error, minimal tangible assets, or a rapid depletion of assets. This makes it difficult to assess the organization's financial stability.
How does Sequoyah Therapy Inc. operate with $0 reported expenses for 2021-2023?
Reporting $0 expenses for three consecutive years (2021-2023) indicates either complete inactivity, or that financial activities are not being fully or accurately reported in the public filings. This makes it impossible to evaluate operational efficiency or program delivery during those periods.
What are the current liabilities of the organization, especially in light of the 'Latest Revenue' figure?
The provided data shows liabilities ranging from $0 to $17,819 in earlier years, but the 'Latest Revenue' figure is not accompanied by current liability data. Given the inconsistent financial reporting, understanding the current liability position is crucial for a complete financial picture.
Filing History
IRS 990 filing history for Sequoyah Therapy Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Sequoyah Therapy Inc's revenue has declined by 100%, moving from $81K to $0. Total assets decreased by 100% over the same period, from $54K to $1. Total functional expenses fell by 100%, from $69K to $0.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $0 | $0 | $1 | $0 | — | View 990 |
| 2022 | $0 | $0 | $1 | $0 | — | View 990 |
| 2021 | $0 | $0 | $1 | $0 | — | — |
| 2020 | $105K | $103K | $1 | $0 | — | View 990 |
| 2019 | $71K | $63K | $16K | $18K | — | View 990 |
| 2018 | $49K | $65K | $6K | $17K | — | View 990 |
| 2017 | $59K | $59K | $22K | $16K | — | View 990 |
| 2016 | $43K | $76K | $20K | $15K | — | View 990 |
| 2015 | $81K | $97K | $40K | $2K | — | View 990 |
| 2014 | $76K | $55K | $54K | $0 | — | View 990 |
| 2013 | $17K | $36K | $36K | $4K | — | View 990 |
| 2012 | $46K | $47K | $52K | $738 | — | View 990 |
| 2011 | $81K | $69K | $54K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $0, expenses of $0, and assets of $1.
- 2022: Revenue of $0, expenses of $0, and assets of $1.
- 2021: Revenue of $0, expenses of $0, and assets of $1 (revenue -100.0% year-over-year).
- 2020: Revenue of $105K, expenses of $103K, and assets of $1 (revenue +46.8% year-over-year).
- 2019: Revenue of $71K, expenses of $63K, and assets of $16K (revenue +45.3% year-over-year).
- 2018: Revenue of $49K, expenses of $65K, and assets of $6K (revenue -17.1% year-over-year).
- 2017: Revenue of $59K, expenses of $59K, and assets of $22K (revenue +36.9% year-over-year).
- 2016: Revenue of $43K, expenses of $76K, and assets of $20K (revenue -46.8% year-over-year).
- 2015: Revenue of $81K, expenses of $97K, and assets of $40K (revenue +7.0% year-over-year).
- 2014: Revenue of $76K, expenses of $55K, and assets of $54K (revenue +359.6% year-over-year).
- 2013: Revenue of $17K, expenses of $36K, and assets of $36K (revenue -64.2% year-over-year).
- 2012: Revenue of $46K, expenses of $47K, and assets of $52K (revenue -43.2% year-over-year).
- 2011: Revenue of $81K, expenses of $69K, and assets of $54K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sequoyah Therapy Inc:
Data Sources and Methodology
This transparency report for Sequoyah Therapy 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.