Simadon Corporation
Simadon Corporation consistently operates at a deficit, drawing down assets over the past decade.
EIN: 208473080 · Goshen, IN · NTEE: L21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $130K |
| Total Expenses | $141K |
| Program Spending | 75% |
| Net Assets | $915K |
| Transparency Score | 65/100 |
Is Simadon Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Simadon Corporation directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Simadon Corporation
Simadon Corporation (EIN: 208473080) is a nonprofit organization based in Goshen, IN, classified under NTEE code L21. The organization reported total revenue of $130K and total assets of $914K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Simadon Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Simadon Corporation is a small nonprofit that has been operating for 19 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 2.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $118K |
| Total Expenses | $141K |
| Surplus / Deficit | $-22,386 |
| Total Assets | $944K |
| Total Liabilities | $29K |
| Net Assets | $915K |
| Operating Margin | -18.9% |
| Debt-to-Asset Ratio | 3.1% |
| Months of Reserves | 80.6 months |
Financial Health Grade: B
In 2023, Simadon Corporation reported a deficit of $22K with expenses exceeding revenue, holds 80.6 months of operating reserves (strong position), has a debt-to-asset ratio of 3.1% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Simadon Corporation's revenue has grown at a compound annual growth rate (CAGR) of 2.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.2% | +2.3% | -2.3% |
| 2022 | -2.3% | +0.5% | -2.9% |
| 2021 | +1.2% | +10.4% | -1.8% |
| 2020 | +11.8% | -5.5% | -1.1% |
| 2019 | +0.8% | +0.7% | -2.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Simadon Corporation 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: 75%
- fundraising: 10%
According to IRS 990 filings, Simadon Corporation allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $22K, with expenses exceeding revenue.
- Debt-to-asset ratio: 3.1%.
Executive Compensation Analysis
Executive compensation is reported as 0% in all available filings, indicating that no officers receive compensation, which is highly favorable for resource allocation and transparency.
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 Simadon Corporation's IRS 990 filings:
- Consistent operational deficits (expenses exceeding revenue in all reported periods)
- Declining asset base over the past decade (from $1,160,304 in 2014 to $944,369 in 2023)
Strengths
The following positive indicators were identified for Simadon Corporation:
- No officer compensation reported (0% in all filings), indicating efficient use of funds for leadership
- Maintains a substantial asset base ($944,369 in 2023) relative to annual revenue
- Consistent filing of IRS 990 forms, indicating good transparency
Frequently Asked Questions about Simadon Corporation
Is Simadon Corporation a legitimate charity?
Simadon Corporation (EIN: 208473080) is a registered tax-exempt nonprofit based in Indiana. Our AI analysis gives it a Mission Score of 65/100. It has 12 years of IRS 990 filings on record. Total revenue: $130K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Simadon Corporation spend its money?
Simadon Corporation directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Simadon Corporation tax-deductible?
Simadon Corporation is registered as a tax-exempt nonprofit (EIN: 208473080). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Simadon Corporation's spending goes to programs?
Simadon Corporation directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Simadon Corporation compare to similar nonprofits?
With a transparency score of 65/100 (Good), Simadon Corporation is above average for NTEE category L21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Simadon Corporation located?
Simadon Corporation is headquartered in Goshen, Indiana and files with the IRS under EIN 208473080. It is classified under NTEE code L21.
How many years of IRS 990 filings does Simadon Corporation have?
Simadon Corporation 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 $130K in total revenue.
Is Simadon Corporation financially sustainable given its consistent deficits?
Simadon Corporation has consistently spent more than it earns, with expenses exceeding revenue in every reported year. This has led to a decline in assets from over $1.1 million in 2014 to $944,369 in 2023. While it still possesses significant assets, this trend is not sustainable long-term without a change in financial strategy or increased revenue.
What is the reason for the consistent operational deficits?
The provided data does not specify the reasons for the consistent operational deficits. It could be due to insufficient fundraising, high program costs relative to revenue, or a strategic decision to utilize reserves for specific initiatives. A deeper dive into the full 990 forms would be needed to understand the expense categories.
How does Simadon Corporation cover its annual deficits?
Simadon Corporation covers its annual deficits by drawing down its existing assets. The consistent decrease in total assets over the past decade, from $1,160,304 in 2014 to $944,369 in 2023, directly reflects the organization spending more than it generates in revenue.
Filing History
IRS 990 filing history for Simadon Corporation showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Simadon Corporation's revenue has grown by 36.8%, moving from $86K to $118K. Total assets decreased by 23.8% over the same period, from $1.2M to $944K. Total functional expenses rose by 20.6%, from $117K to $141K. In its most recent filing year (2023), Simadon Corporation reported a deficit of $22K, with expenses exceeding revenue. The organization holds $29K in liabilities against $944K in assets (debt-to-asset ratio: 3.1%), resulting in net assets of $915K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $118K | $141K | $944K | $29K | — | View 990 |
| 2022 | $112K | $137K | $966K | $28K | — | View 990 |
| 2021 | $115K | $137K | $996K | $33K | — | View 990 |
| 2020 | $114K | $124K | $1.0M | $29K | — | View 990 |
| 2019 | $102K | $131K | $1.0M | $30K | — | View 990 |
| 2018 | $101K | $130K | $1.1M | $28K | — | View 990 |
| 2017 | $95K | $113K | $1.1M | $27K | — | View 990 |
| 2016 | $94K | $127K | $1.1M | $34K | — | View 990 |
| 2015 | $86K | $123K | $1.1M | $28K | — | View 990 |
| 2014 | $91K | $132K | $1.2M | $19K | — | View 990 |
| 2013 | $81K | $123K | $1.2M | $1.4M | — | View 990 |
| 2012 | $86K | $117K | $1.2M | $1.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $118K, expenses of $141K, and assets of $944K (revenue +5.2% year-over-year).
- 2022: Revenue of $112K, expenses of $137K, and assets of $966K (revenue -2.3% year-over-year).
- 2021: Revenue of $115K, expenses of $137K, and assets of $996K (revenue +1.2% year-over-year).
- 2020: Revenue of $114K, expenses of $124K, and assets of $1.0M (revenue +11.8% year-over-year).
- 2019: Revenue of $102K, expenses of $131K, and assets of $1.0M (revenue +0.8% year-over-year).
- 2018: Revenue of $101K, expenses of $130K, and assets of $1.1M (revenue +5.6% year-over-year).
- 2017: Revenue of $95K, expenses of $113K, and assets of $1.1M (revenue +1.9% year-over-year).
- 2016: Revenue of $94K, expenses of $127K, and assets of $1.1M (revenue +9.1% year-over-year).
- 2015: Revenue of $86K, expenses of $123K, and assets of $1.1M (revenue -5.7% year-over-year).
- 2014: Revenue of $91K, expenses of $132K, and assets of $1.2M (revenue +13.1% year-over-year).
- 2013: Revenue of $81K, expenses of $123K, and assets of $1.2M (revenue -6.7% year-over-year).
- 2012: Revenue of $86K, expenses of $117K, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Simadon Corporation:
Data Sources and Methodology
This transparency report for Simadon Corporation 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.