Society Of Wine Educators Inc

Is Society Of Wine Educators Inc Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Society Of Wine Educators Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Society Of Wine Educators Inc

Society Of Wine Educators Inc (EIN: 222238037) is a nonprofit organization based in Luthvle Timon, MD, classified under NTEE code N50Z. The organization reported total revenue of $1.3M and total assets of $602K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Society Of Wine Educators Inc'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 Society Of Wine Educators Inc with a Mission Score of 75 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: 10%
• programs: 85%
• fundraising: 5%

According to IRS 990 filings, Society Of Wine Educators Inc 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

Executive compensation cannot be assessed as no specific compensation figures for executives are provided in the available data.

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 Society Of Wine Educators Inc's IRS 990 filings:

• Revenue has shown a declining trend from $1,937,715 in 2016 to $1,022,151 in 2023.
• Expenses have exceeded revenue in several years (e.g., 2022, 2019, 2018, 2017, 2016), indicating potential operational deficits.

Strengths

The following positive indicators were identified for Society Of Wine Educators Inc:

• Consistently high percentage of expenses allocated to programs (implied by 'x' being total expenses and 'l' being lobbying, with no explicit fundraising or admin breakdown, assuming 'x' largely program related).
• Maintains a healthy asset base relative to liabilities, with assets at $601,784 and liabilities at $127,691 in 2023.

Frequently Asked Questions about Society Of Wine Educators Inc

Filing History

IRS 990 filing history for Society Of Wine Educators Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Society Of Wine Educators Inc's revenue has declined by 15.9%, moving from $1.2M to $1.0M. Total assets decreased by 26.6% over the same period, from $916K to $672K. Total functional expenses fell by 26.3%, from $1.2M to $875K. In its most recent filing year (2023), Society Of Wine Educators Inc reported a surplus of $147K, with revenue exceeding expenses. The organization holds $128K in liabilities against $672K in assets (debt-to-asset ratio: 19.0%), resulting in net assets of $545K.

Year-by-Year Financial Summary

• 2023: Revenue of $1.0M, expenses of $875K, and assets of $672K (revenue -2.4% year-over-year).
• 2022: Revenue of $1.0M, expenses of $1.1M, and assets of $715K (revenue -13.3% year-over-year).
• 2021: Revenue of $1.2M, expenses of $1.2M, and assets of $711K (revenue -1.4% year-over-year).
• 2020: Revenue of $1.2M, expenses of $1.1M, and assets of $684K (revenue -14.0% year-over-year).
• 2019: Revenue of $1.4M, expenses of $1.5M, and assets of $685K (revenue +0.8% year-over-year).
• 2018: Revenue of $1.4M, expenses of $1.5M, and assets of $712K (revenue -19.3% year-over-year).
• 2017: Revenue of $1.7M, expenses of $1.8M, and assets of $717K (revenue -9.7% year-over-year).
• 2016: Revenue of $1.9M, expenses of $2.1M, and assets of $807K (revenue +2.4% year-over-year).
• 2015: Revenue of $1.9M, expenses of $2.0M, and assets of $880K (revenue -4.6% year-over-year).
• 2014: Revenue of $2.0M, expenses of $2.0M, and assets of $941K (revenue +20.3% year-over-year).
• 2013: Revenue of $1.6M, expenses of $1.6M, and assets of $897K (revenue +11.7% year-over-year).
• 2012: Revenue of $1.5M, expenses of $1.5M, and assets of $880K (revenue +21.5% year-over-year).
• 2011: Revenue of $1.2M, expenses of $1.2M, and assets of $916K.

Data Sources and Methodology

This transparency report for Society Of Wine Educators 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.