Shallowford Lakes Association
EIN: 237092824 · Lewisville, NC
| Metric | Value |
|---|---|
| Total Revenue | $227K |
| Total Expenses | $165K |
| Net Assets | $795K |
Is Shallowford Lakes Association Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Shallowford Lakes Association
Shallowford Lakes Association (EIN: 237092824) is a nonprofit organization based in Lewisville, NC. The organization reported total revenue of $227K and total assets of $946K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Shallowford Lakes Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Shallowford Lakes Association is a small nonprofit that has been operating for 55 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 5.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $227K |
| Total Expenses | $165K |
| Surplus / Deficit | +$61K |
| Total Assets | $975K |
| Total Liabilities | $180K |
| Net Assets | $795K |
| Operating Margin | 27.1% |
| Debt-to-Asset Ratio | 18.5% |
| Months of Reserves | 70.7 months |
Financial Health Grade: A
In 2024, Shallowford Lakes Association reported a surplus of $61K with revenue exceeding expenses, holds 70.7 months of operating reserves (strong position), has a debt-to-asset ratio of 18.5% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Shallowford Lakes Association's revenue has grown at a compound annual growth rate (CAGR) of 5.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +0.8% | -4.0% | +5.0% |
| 2023 | +46.3% | +43.5% | +5.4% |
| 2022 | +12.6% | -8.6% | +36.1% |
| 2021 | +40.9% | +54.9% | +0.8% |
| 2020 | -21.0% | -23.4% | +1.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1971 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Shallowford Lakes Association 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 Shallowford Lakes Association 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $61K, with revenue exceeding expenses.
- Debt-to-asset ratio: 18.5%.
Frequently Asked Questions about Shallowford Lakes Association
Is Shallowford Lakes Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Shallowford Lakes Association (EIN: 237092824) insufficient data. 0 red flags identified, 0 strengths noted.
How does Shallowford Lakes Association spend its money?
Detailed spending breakdown data is not yet available for Shallowford Lakes Association. Check back for updated IRS 990 analysis.
Are donations to Shallowford Lakes Association tax-deductible?
Shallowford Lakes Association is registered as a tax-exempt nonprofit (EIN: 237092824). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Shallowford Lakes Association located?
Shallowford Lakes Association is headquartered in Lewisville, North Carolina and files with the IRS under EIN 237092824.
How many years of IRS 990 filings does Shallowford Lakes Association have?
Shallowford Lakes Association has 14 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 $227K in total revenue.
Filing History
IRS 990 filing history for Shallowford Lakes Association showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Shallowford Lakes Association's revenue has grown by 92.3%, moving from $118K to $227K. Total assets increased by 62.6% over the same period, from $600K to $975K. Total functional expenses rose by 67.1%, from $99K to $165K. In its most recent filing year (2024), Shallowford Lakes Association reported a surplus of $61K, with revenue exceeding expenses. The organization holds $180K in liabilities against $975K in assets (debt-to-asset ratio: 18.5%), resulting in net assets of $795K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $227K | $165K | $975K | $180K | — | — |
| 2023 | $225K | $172K | $929K | $195K | — | View 990 |
| 2022 | $154K | $120K | $881K | $200K | — | View 990 |
| 2021 | $137K | $131K | $648K | $0 | — | View 990 |
| 2020 | $97K | $85K | $642K | $0 | — | View 990 |
| 2019 | $123K | $111K | $630K | $0 | — | View 990 |
| 2018 | $115K | $84K | $618K | $0 | — | View 990 |
| 2017 | $98K | $104K | $587K | $0 | — | View 990 |
| 2016 | $94K | $89K | $592K | $0 | — | View 990 |
| 2015 | $96K | $94K | $588K | $0 | — | View 990 |
| 2014 | $100K | $90K | $586K | $0 | — | View 990 |
| 2013 | $102K | $97K | $577K | $0 | — | View 990 |
| 2012 | $94K | $121K | $572K | $0 | — | View 990 |
| 2011 | $118K | $99K | $600K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $227K, expenses of $165K, and assets of $975K (revenue +0.8% year-over-year).
- 2023: Revenue of $225K, expenses of $172K, and assets of $929K (revenue +46.3% year-over-year).
- 2022: Revenue of $154K, expenses of $120K, and assets of $881K (revenue +12.6% year-over-year).
- 2021: Revenue of $137K, expenses of $131K, and assets of $648K (revenue +40.9% year-over-year).
- 2020: Revenue of $97K, expenses of $85K, and assets of $642K (revenue -21.0% year-over-year).
- 2019: Revenue of $123K, expenses of $111K, and assets of $630K (revenue +6.5% year-over-year).
- 2018: Revenue of $115K, expenses of $84K, and assets of $618K (revenue +17.8% year-over-year).
- 2017: Revenue of $98K, expenses of $104K, and assets of $587K (revenue +4.3% year-over-year).
- 2016: Revenue of $94K, expenses of $89K, and assets of $592K (revenue -2.7% year-over-year).
- 2015: Revenue of $96K, expenses of $94K, and assets of $588K (revenue -3.2% year-over-year).
- 2014: Revenue of $100K, expenses of $90K, and assets of $586K (revenue -2.1% year-over-year).
- 2013: Revenue of $102K, expenses of $97K, and assets of $577K (revenue +8.4% year-over-year).
- 2012: Revenue of $94K, expenses of $121K, and assets of $572K (revenue -20.4% year-over-year).
- 2011: Revenue of $118K, expenses of $99K, and assets of $600K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Shallowford Lakes Association:
Data Sources and Methodology
This transparency report for Shallowford Lakes Association 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.