Sheridan Health Center Inc
Sheridan Health Center Inc. shows recent operating deficits and a significant decline in reported revenue and assets.
EIN: 201389307 · Sheridan, WY · NTEE: E32 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $50K |
| Total Expenses | $718K |
| Program Spending | 80% |
| Net Assets | $66K |
| Transparency Score | 65/100 |
Is Sheridan Health Center Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Sheridan Health Center Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Sheridan Health Center Inc
Sheridan Health Center Inc (EIN: 201389307) is a nonprofit organization based in Sheridan, WY, classified under NTEE code E32. The organization reported total revenue of $50K and total assets of $23K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sheridan Health Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sheridan Health Center Inc is a micro nonprofit that has been operating for 22 years, with 11 years of IRS 990 filings on record (2012–2022). Revenue has grown at a compound annual rate of 15.4%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $692K |
| Total Expenses | $718K |
| Surplus / Deficit | $-25,835 |
| Total Assets | $70K |
| Total Liabilities | $4K |
| Net Assets | $66K |
| Operating Margin | -3.7% |
| Debt-to-Asset Ratio | 5.1% |
| Months of Reserves | 1.2 months |
Financial Health Grade: C
In 2022, Sheridan Health Center Inc reported a deficit of $26K with expenses exceeding revenue, holds 1.2 months of operating reserves (limited), has a debt-to-asset ratio of 5.1% (very low leverage).
Financial Trends
Over 11 years of filings (2012–2022), Sheridan Health Center Inc's revenue has grown at a compound annual growth rate (CAGR) of 15.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +6.8% | -11.0% | -36.8% |
| 2021 | +8.6% | +33.7% | -57.0% |
| 2020 | +26.5% | +61.6% | -3.9% |
| 2019 | +100.6% | +56.2% | +63.4% |
| 2018 | +44.6% | +4.9% | -2.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2004 |
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 Sheridan Health Center Inc with a Mission Score of 65 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Sheridan Health Center Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $26K, with expenses exceeding revenue.
- Debt-to-asset ratio: 5.1%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is highly favorable 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 Sheridan Health Center Inc's IRS 990 filings:
- Consistent operating deficits in recent years (e.g., 2021, 2022)
- Significant decline in reported revenue and assets from 2022 to the latest period ($692,405 revenue to $49,548; $69,778 assets to $22,852)
- Fluctuating financial performance over the decade, indicating potential instability
Strengths
The following positive indicators were identified for Sheridan Health Center Inc:
- 0% officer compensation reported across all filings, indicating efficient use of funds in this area
- History of significant revenue generation in prior years (e.g., $692,405 in 2022)
- Low reported liabilities in most periods (e.g., $3,537 in 2022)
Frequently Asked Questions about Sheridan Health Center Inc
Is Sheridan Health Center Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Sheridan Health Center Inc (EIN: 201389307) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Sheridan Health Center Inc spend its money?
Sheridan Health Center Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Sheridan Health Center Inc tax-deductible?
Sheridan Health Center Inc is registered as a tax-exempt nonprofit (EIN: 201389307). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Sheridan Health Center Inc's spending goes to programs?
Sheridan Health Center Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Sheridan Health Center Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Sheridan Health Center Inc is above average for NTEE category E32 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Sheridan Health Center Inc located?
Sheridan Health Center Inc is headquartered in Sheridan, Wyoming and files with the IRS under EIN 201389307. It is classified under NTEE code E32.
How many years of IRS 990 filings does Sheridan Health Center Inc have?
Sheridan Health Center Inc has 11 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 $50K in total revenue.
Why did Sheridan Health Center Inc.'s revenue and assets drop so dramatically from 2022 to the latest reported period?
The latest reported revenue of $49,548 and assets of $22,852 are significantly lower than the 2022 figures of $692,405 revenue and $69,778 assets. This sharp decline warrants further investigation into potential changes in operations, funding, or reporting.
Is the organization financially sustainable given recent operating deficits?
In 2022, expenses ($718,240) exceeded revenue ($692,405), and in 2021, expenses ($806,587) significantly exceeded revenue ($648,133). Consistent operating deficits could pose a risk to long-term financial sustainability if not addressed through increased revenue or reduced expenses.
What is the specific breakdown of program, administrative, and fundraising expenses?
The provided data does not detail the specific allocation of expenses into program, administrative, and fundraising categories. This information is crucial for a comprehensive assessment of spending efficiency.
Filing History
IRS 990 filing history for Sheridan Health Center Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2012–2022), Sheridan Health Center Inc's revenue has grown by 319.2%, moving from $165K to $692K. Total assets decreased by 67% over the same period, from $211K to $70K. Total functional expenses rose by 331.2%, from $167K to $718K. In its most recent filing year (2022), Sheridan Health Center Inc reported a deficit of $26K, with expenses exceeding revenue. The organization holds $4K in liabilities against $70K in assets (debt-to-asset ratio: 5.1%), resulting in net assets of $66K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $692K | $718K | $70K | $4K | — | View 990 |
| 2021 | $648K | $807K | $110K | $18K | — | View 990 |
| 2020 | $597K | $603K | $257K | $3K | — | View 990 |
| 2019 | $472K | $373K | $267K | $7K | — | View 990 |
| 2018 | $235K | $239K | $164K | $2K | — | View 990 |
| 2017 | $163K | $228K | $168K | $2K | — | View 990 |
| 2016 | $134K | $171K | $233K | $2K | — | View 990 |
| 2015 | $241K | $165K | $270K | $3K | — | View 990 |
| 2014 | $151K | $194K | $195K | $3K | — | View 990 |
| 2013 | $173K | $147K | $237K | $2K | — | View 990 |
| 2012 | $165K | $167K | $211K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $692K, expenses of $718K, and assets of $70K (revenue +6.8% year-over-year).
- 2021: Revenue of $648K, expenses of $807K, and assets of $110K (revenue +8.6% year-over-year).
- 2020: Revenue of $597K, expenses of $603K, and assets of $257K (revenue +26.5% year-over-year).
- 2019: Revenue of $472K, expenses of $373K, and assets of $267K (revenue +100.6% year-over-year).
- 2018: Revenue of $235K, expenses of $239K, and assets of $164K (revenue +44.6% year-over-year).
- 2017: Revenue of $163K, expenses of $228K, and assets of $168K (revenue +21.4% year-over-year).
- 2016: Revenue of $134K, expenses of $171K, and assets of $233K (revenue -44.4% year-over-year).
- 2015: Revenue of $241K, expenses of $165K, and assets of $270K (revenue +59.5% year-over-year).
- 2014: Revenue of $151K, expenses of $194K, and assets of $195K (revenue -12.5% year-over-year).
- 2013: Revenue of $173K, expenses of $147K, and assets of $237K (revenue +4.4% year-over-year).
- 2012: Revenue of $165K, expenses of $167K, and assets of $211K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sheridan Health Center Inc:
Data Sources and Methodology
This transparency report for Sheridan Health Center 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.