Sherwood Care Facilities Inc
EIN: 383015872 · Lennon, MI · NTEE: P700
| Metric | Value |
|---|---|
| Total Revenue | $242K |
| Total Expenses | $241K |
| Net Assets | $-12,622 |
Is Sherwood Care Facilities Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Sherwood Care Facilities Inc
Sherwood Care Facilities Inc (EIN: 383015872) is a nonprofit organization based in Lennon, MI, classified under NTEE code P700. The organization reported total revenue of $242K and total assets of $6K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sherwood Care Facilities Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sherwood Care Facilities Inc is a small nonprofit that has been operating for 30 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -12.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $243K |
| Total Expenses | $241K |
| Surplus / Deficit | +$2K |
| Total Assets | $2K |
| Total Liabilities | $15K |
| Net Assets | $-12,622 |
| Operating Margin | 0.7% |
| Debt-to-Asset Ratio | 612.5% |
| Months of Reserves | 0.1 months |
Financial Health Grade: B
In 2023, Sherwood Care Facilities Inc reported a surplus of $2K with revenue exceeding expenses, holds 0.1 months of operating reserves (limited), has a debt-to-asset ratio of 612.5% (high leverage).
Financial Trends
Over 12 years of filings (2011–2023), Sherwood Care Facilities Inc's revenue has declined at a compound annual growth rate (CAGR) of -12.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +12.0% | +4.7% | — |
| 2022 | +0.8% | +3.3% | -153.3% |
| 2021 | +3.3% | +7.7% | -85.4% |
| 2019 | -28.6% | -10.5% | +2135.9% |
| 2018 | +17.5% | -1.7% | -96.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1996 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Sherwood Care Facilities 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 Sherwood Care Facilities 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 surplus of $2K, with revenue exceeding expenses.
- Debt-to-asset ratio: 612.5%.
Frequently Asked Questions about Sherwood Care Facilities Inc
Is Sherwood Care Facilities Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Sherwood Care Facilities Inc (EIN: 383015872) insufficient data. 0 red flags identified, 0 strengths noted.
How does Sherwood Care Facilities Inc spend its money?
Detailed spending breakdown data is not yet available for Sherwood Care Facilities Inc. Check back for updated IRS 990 analysis.
Are donations to Sherwood Care Facilities Inc tax-deductible?
Sherwood Care Facilities Inc is registered as a tax-exempt nonprofit (EIN: 383015872). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Sherwood Care Facilities Inc located?
Sherwood Care Facilities Inc is headquartered in Lennon, Michigan and files with the IRS under EIN 383015872. It is classified under NTEE code P700.
How many years of IRS 990 filings does Sherwood Care Facilities Inc have?
Sherwood Care Facilities Inc has 12 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 $242K in total revenue.
Filing History
IRS 990 filing history for Sherwood Care Facilities Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Sherwood Care Facilities Inc's revenue has declined by 78.5%, moving from $1.1M to $243K. Total assets decreased by 94.7% over the same period, from $46K to $2K. Total functional expenses fell by 79.1%, from $1.2M to $241K. In its most recent filing year (2023), Sherwood Care Facilities Inc reported a surplus of $2K, with revenue exceeding expenses. The organization holds $15K in liabilities against $2K in assets (debt-to-asset ratio: 612.5%), resulting in net assets of $-12,622.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $243K | $241K | $2K | $15K | — | View 990 |
| 2022 | $217K | $230K | $-1,102 | $13K | — | View 990 |
| 2021 | $215K | $223K | $2K | $3K | — | View 990 |
| 2019 | $208K | $207K | $14K | $9K | — | View 990 |
| 2018 | $292K | $231K | $633 | $2K | — | View 990 |
| 2017 | $248K | $235K | $16K | $78K | — | View 990 |
| 2016 | $783K | $757K | $11K | $86K | — | View 990 |
| 2015 | $1.1M | $1.1M | $50K | $151K | — | View 990 |
| 2014 | $1.1M | $1.2M | $40K | $116K | — | View 990 |
| 2013 | $1.1M | $1.1M | $13K | $51K | — | View 990 |
| 2012 | $1.1M | $1.2M | $21K | $53K | — | View 990 |
| 2011 | $1.1M | $1.2M | $46K | $48K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $243K, expenses of $241K, and assets of $2K (revenue +12.0% year-over-year).
- 2022: Revenue of $217K, expenses of $230K, and assets of $-1,102 (revenue +0.8% year-over-year).
- 2021: Revenue of $215K, expenses of $223K, and assets of $2K (revenue +3.3% year-over-year).
- 2019: Revenue of $208K, expenses of $207K, and assets of $14K (revenue -28.6% year-over-year).
- 2018: Revenue of $292K, expenses of $231K, and assets of $633 (revenue +17.5% year-over-year).
- 2017: Revenue of $248K, expenses of $235K, and assets of $16K (revenue -68.3% year-over-year).
- 2016: Revenue of $783K, expenses of $757K, and assets of $11K (revenue -29.5% year-over-year).
- 2015: Revenue of $1.1M, expenses of $1.1M, and assets of $50K (revenue -0.3% year-over-year).
- 2014: Revenue of $1.1M, expenses of $1.2M, and assets of $40K (revenue +1.4% year-over-year).
- 2013: Revenue of $1.1M, expenses of $1.1M, and assets of $13K (revenue -3.5% year-over-year).
- 2012: Revenue of $1.1M, expenses of $1.2M, and assets of $21K (revenue +0.7% year-over-year).
- 2011: Revenue of $1.1M, expenses of $1.2M, and assets of $46K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sherwood Care Facilities Inc:
Data Sources and Methodology
This transparency report for Sherwood Care Facilities 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.