Siloam
Siloam maintains strong assets but faces recent operational deficits with no reported officer compensation.
EIN: 205588217 · Telluride, CO · NTEE: G40 · Updated: 2026-03-28
Is Siloam Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Siloam directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Siloam
Siloam (EIN: 205588217) is a nonprofit organization based in Telluride, CO, classified under NTEE code G40. The organization reported total revenue of $1.1M and total assets of $6.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Siloam's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Siloam with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Siloam allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Siloam consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either unpaid or compensated through non-officer categories, which is highly unusual for an organization with over $1 million in latest revenue and $6.6 million in assets.
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 Siloam's IRS 990 filings:
- Consistent operational deficits in recent years (e.g., 2023 expenses exceeded revenue by $275,966), which are unsustainable long-term without asset erosion.
- Significant fluctuations in annual revenue, indicating potential reliance on inconsistent funding sources.
Strengths
The following positive indicators were identified for Siloam:
- Substantial and growing asset base ($6,677,833 currently) providing significant financial stability.
- Consistent reporting of 0% officer compensation, suggesting high efficiency in directing funds to mission.
- Extremely low liabilities ($1 across all filings), indicating strong financial health and minimal debt.
- Long and consistent history of IRS 990 filings (10 filings), demonstrating transparency and compliance.
Frequently Asked Questions about Siloam
Is Siloam a legitimate charity?
Based on AI analysis of IRS 990 filings, Siloam (EIN: 205588217) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Siloam spend its money?
Siloam directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Siloam tax-deductible?
Siloam is registered as a tax-exempt nonprofit (EIN: 205588217). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Siloam cover its operational deficits, given that expenses have exceeded revenue in recent years?
Siloam appears to be covering its operational deficits by drawing from its substantial asset base, which stood at $6,677,833 as of the latest period. For example, in 2023, expenses exceeded revenue by $275,966, and in 2022, by $216,388. While sustainable in the short term due to large assets, this trend warrants monitoring.
What is the nature of the 'Officer Comp=0%' reported across all filings?
The consistent reporting of 0% officer compensation suggests that Siloam's leadership may be entirely volunteer-based, or that any compensation for key personnel is categorized differently within their financial statements, such as general salaries and wages, rather than specifically as officer compensation. This is a significant positive for resource allocation.
What are the primary sources of Siloam's revenue, given its fluctuations?
The provided data shows significant fluctuations in revenue, ranging from $133,728 in 2013 to $1,233,181 in 2014 and $1,090,272 currently. Without detailed 990 schedules, it's impossible to pinpoint the exact primary sources (e.g., grants, donations, program service revenue), but the variability suggests reliance on potentially lumpy funding streams.
How does Siloam manage to maintain such low liabilities ($1 across all filings)?
Siloam's consistent reporting of only $1 in liabilities across all filings is highly unusual and suggests a very strong financial position with minimal debt or outstanding obligations. This indicates excellent financial management and a low-risk profile.
Filing History
IRS 990 filing history for Siloam showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Siloam's revenue has grown by 206.6%, moving from $139K to $426K. Total assets increased by 51.6% over the same period, from $4.5M to $6.8M. Total functional expenses rose by 399.2%, from $141K to $702K. In its most recent filing year (2023), Siloam reported a deficit of $276K, with expenses exceeding revenue. The organization holds $1 in liabilities against $6.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $6.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $426K | $702K | $6.8M | $1 | — | — |
| 2022 | $391K | $608K | $7.1M | $1 | — | View 990 |
| 2021 | $964K | $362K | $7.3M | $1 | — | View 990 |
| 2020 | $381K | $395K | $6.7M | $1 | — | View 990 |
| 2019 | $476K | $364K | $6.7M | $1 | — | View 990 |
| 2015 | $763K | $114K | $6.2M | $1 | — | View 990 |
| 2014 | $1.2M | $166K | $5.5M | $1 | — | View 990 |
| 2013 | $134K | $123K | $4.4M | $1 | — | View 990 |
| 2012 | $147K | $195K | $4.4M | $1 | — | View 990 |
| 2011 | $139K | $141K | $4.5M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $426K, expenses of $702K, and assets of $6.8M (revenue +8.9% year-over-year).
- 2022: Revenue of $391K, expenses of $608K, and assets of $7.1M (revenue -59.4% year-over-year).
- 2021: Revenue of $964K, expenses of $362K, and assets of $7.3M (revenue +153.1% year-over-year).
- 2020: Revenue of $381K, expenses of $395K, and assets of $6.7M (revenue -20.1% year-over-year).
- 2019: Revenue of $476K, expenses of $364K, and assets of $6.7M (revenue -37.5% year-over-year).
- 2015: Revenue of $763K, expenses of $114K, and assets of $6.2M (revenue -38.2% year-over-year).
- 2014: Revenue of $1.2M, expenses of $166K, and assets of $5.5M (revenue +822.2% year-over-year).
- 2013: Revenue of $134K, expenses of $123K, and assets of $4.4M (revenue -8.8% year-over-year).
- 2012: Revenue of $147K, expenses of $195K, and assets of $4.4M (revenue +5.5% year-over-year).
- 2011: Revenue of $139K, expenses of $141K, and assets of $4.5M.
Data Sources and Methodology
This transparency report for Siloam 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.