Sheridan Memorial Home Inc
EIN: 450283456 · Mcclusky, ND · NTEE: P75Z
| Metric | Value |
|---|---|
| Total Revenue | $763K |
| Total Expenses | $784K |
| Net Assets | $-78,122 |
Is Sheridan Memorial Home Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Sheridan Memorial Home Inc
Sheridan Memorial Home Inc (EIN: 450283456) is a nonprofit organization based in Mcclusky, ND, classified under NTEE code P75Z. The organization reported total revenue of $763K and total assets of $387K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sheridan Memorial Home Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sheridan Memorial Home Inc is a small nonprofit that has been operating for 60 years, with 13 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 8.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $744K |
| Total Expenses | $784K |
| Surplus / Deficit | $-39,100 |
| Total Assets | $474K |
| Total Liabilities | $553K |
| Net Assets | $-78,122 |
| Operating Margin | -5.3% |
| Debt-to-Asset Ratio | 116.5% |
| Months of Reserves | 7.3 months |
Financial Health Grade: C
In 2023, Sheridan Memorial Home Inc reported a deficit of $39K with expenses exceeding revenue, holds 7.3 months of operating reserves (strong position), has a debt-to-asset ratio of 116.5% (high leverage).
Financial Trends
Over 13 years of filings (2012–2023), Sheridan Memorial Home Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.5% | -0.7% | -8.6% |
| 2022 | +34.4% | +37.1% | -11.1% |
| 2021 | +18.2% | +16.9% | +511.8% |
| 2020 | -1.9% | +2.3% | -23.4% |
| 2019 | +90.8% | +107.3% | +19.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1966 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Sheridan Memorial Home Inc 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 Sheridan Memorial Home Inc 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $39K, with expenses exceeding revenue.
- Debt-to-asset ratio: 116.5%.
Frequently Asked Questions about Sheridan Memorial Home Inc
Is Sheridan Memorial Home Inc a legitimate charity?
Sheridan Memorial Home Inc (EIN: 450283456) is a registered tax-exempt nonprofit based in North Dakota. It has 13 years of IRS 990 filings on record. Total revenue: $763K. No red flags identified. Financial health grade: C.
How does Sheridan Memorial Home Inc spend its money?
Sheridan Memorial Home Inc reported $763K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Sheridan Memorial Home Inc tax-deductible?
Sheridan Memorial Home Inc is registered as a tax-exempt nonprofit (EIN: 450283456). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Sheridan Memorial Home Inc located?
Sheridan Memorial Home Inc is headquartered in Mcclusky, North Dakota and files with the IRS under EIN 450283456. It is classified under NTEE code P75Z.
How many years of IRS 990 filings does Sheridan Memorial Home Inc have?
Sheridan Memorial Home 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 $763K in total revenue.
Filing History
IRS 990 filing history for Sheridan Memorial Home Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2023), Sheridan Memorial Home Inc's revenue has grown by 150.3%, moving from $297K to $744K. Total assets increased by 655.5% over the same period, from $63K to $474K. Total functional expenses rose by 154.3%, from $308K to $784K. In its most recent filing year (2023), Sheridan Memorial Home Inc reported a deficit of $39K, with expenses exceeding revenue. The organization holds $553K in liabilities against $474K in assets (debt-to-asset ratio: 116.5%), resulting in net assets of $-78,122.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $744K | $784K | $474K | $553K | — | View 990 |
| 2022 | $726K | $789K | $519K | $558K | — | — |
| 2021 | $540K | $575K | $584K | $560K | — | View 990 |
| 2020 | $457K | $492K | $95K | $37K | — | View 990 |
| 2019 | $466K | $481K | $125K | $80K | — | View 990 |
| 2018 | $244K | $232K | $104K | $0 | — | View 990 |
| 2018 | $468K | $411K | $104K | $0 | — | View 990 |
| 2017 | $431K | $429K | $83K | $0 | — | View 990 |
| 2016 | $392K | $397K | $121K | $0 | — | View 990 |
| 2015 | $341K | $353K | $109K | $11K | — | View 990 |
| 2014 | $374K | $356K | $130K | $14K | — | View 990 |
| 2013 | $364K | $355K | $137K | $14K | — | View 990 |
| 2012 | $297K | $308K | $63K | $5K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $744K, expenses of $784K, and assets of $474K (revenue +2.5% year-over-year).
- 2022: Revenue of $726K, expenses of $789K, and assets of $519K (revenue +34.4% year-over-year).
- 2021: Revenue of $540K, expenses of $575K, and assets of $584K (revenue +18.2% year-over-year).
- 2020: Revenue of $457K, expenses of $492K, and assets of $95K (revenue -1.9% year-over-year).
- 2019: Revenue of $466K, expenses of $481K, and assets of $125K (revenue +90.8% year-over-year).
- 2018: Revenue of $244K, expenses of $232K, and assets of $104K (revenue -47.8% year-over-year).
- 2018: Revenue of $468K, expenses of $411K, and assets of $104K (revenue +8.6% year-over-year).
- 2017: Revenue of $431K, expenses of $429K, and assets of $83K (revenue +9.7% year-over-year).
- 2016: Revenue of $392K, expenses of $397K, and assets of $121K (revenue +15.2% year-over-year).
- 2015: Revenue of $341K, expenses of $353K, and assets of $109K (revenue -8.9% year-over-year).
- 2014: Revenue of $374K, expenses of $356K, and assets of $130K (revenue +2.9% year-over-year).
- 2013: Revenue of $364K, expenses of $355K, and assets of $137K (revenue +22.2% year-over-year).
- 2012: Revenue of $297K, expenses of $308K, and assets of $63K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sheridan Memorial Home Inc:
Data Sources and Methodology
This transparency report for Sheridan Memorial Home 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.