Soldiers & Sailors Memorial
Soldiers & Sailors Memorial shows consistent revenue growth and no reported officer compensation across all filings.
EIN: 160743192 · Penn Yan, NY · NTEE: E220 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $61.1M |
| Total Expenses | $48.3M |
| Program Spending | 90% |
| Net Assets | $47.8M |
| Transparency Score | 95/100 |
Is Soldiers & Sailors Memorial Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Soldiers & Sailors Memorial directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Soldiers & Sailors Memorial
Soldiers & Sailors Memorial (EIN: 160743192) is a nonprofit organization based in Penn Yan, NY, classified under NTEE code E220. The organization reported total revenue of $61.1M and total assets of $63.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Soldiers & Sailors Memorial's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Soldiers & Sailors Memorial is a major nonprofit that has been operating for 84 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $54.9M |
| Total Expenses | $48.3M |
| Surplus / Deficit | +$6.5M |
| Total Assets | $57.4M |
| Total Liabilities | $9.6M |
| Net Assets | $47.8M |
| Operating Margin | 11.9% |
| Debt-to-Asset Ratio | 16.7% |
| Months of Reserves | 14.3 months |
Financial Health Grade: A
In 2023, Soldiers & Sailors Memorial reported a surplus of $6.5M with revenue exceeding expenses, holds 14.3 months of operating reserves (strong position), has a debt-to-asset ratio of 16.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Soldiers & Sailors Memorial's revenue has grown at a compound annual growth rate (CAGR) of 5.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +16.0% | +11.1% | +11.6% |
| 2022 | +23.2% | +13.5% | -0.1% |
| 2021 | +4.8% | +30.9% | -11.6% |
| 2020 | +18.8% | -1.7% | +33.8% |
| 2019 | -0.7% | +3.6% | +5.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1942 |
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 Soldiers & Sailors Memorial with a Mission Score of 95 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Soldiers & Sailors Memorial allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 surplus of $6.5M, with revenue exceeding expenses.
- Debt-to-asset ratio: 16.7%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is a highly positive sign for a nonprofit of its size, suggesting a strong commitment to directing funds towards its mission.
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.
Strengths
The following positive indicators were identified for Soldiers & Sailors Memorial:
- Consistent and significant revenue growth, from $30.8M in 2019 to $54.8M in 2023.
- No reported officer compensation across all 13 filings, indicating high transparency and mission focus.
- Healthy asset growth, from $43.5M in 2019 to $57.4M in 2023.
- Expenses consistently well below revenue, demonstrating efficient financial management.
- Positive net income in most reported periods, contributing to financial stability.
Frequently Asked Questions about Soldiers & Sailors Memorial
Is Soldiers & Sailors Memorial a legitimate charity?
Soldiers & Sailors Memorial (EIN: 160743192) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 95/100. It has 13 years of IRS 990 filings on record. Total revenue: $61.1M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Soldiers & Sailors Memorial spend its money?
Soldiers & Sailors Memorial directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Soldiers & Sailors Memorial tax-deductible?
Soldiers & Sailors Memorial is registered as a tax-exempt nonprofit (EIN: 160743192). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Soldiers & Sailors Memorial's spending goes to programs?
Soldiers & Sailors Memorial directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Soldiers & Sailors Memorial compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Soldiers & Sailors Memorial is above average for NTEE category E220 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Soldiers & Sailors Memorial located?
Soldiers & Sailors Memorial is headquartered in Penn Yan, New York and files with the IRS under EIN 160743192. It is classified under NTEE code E220.
How many years of IRS 990 filings does Soldiers & Sailors Memorial have?
Soldiers & Sailors Memorial 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 $61.1M in total revenue.
Is Soldiers & Sailors Memorial a good charity?
Based on the available IRS 990 data, Soldiers & Sailors Memorial appears to be a very good charity. It demonstrates strong financial health, consistent revenue growth, and a remarkable commitment to transparency by reporting 0% officer compensation across all filings.
How has Soldiers & Sailors Memorial's revenue changed over time?
Soldiers & Sailors Memorial has experienced significant revenue growth, increasing from $30,845,340 in 2019 to $54,864,747 in 2023, representing an 77.8% increase over five years.
What is the organization's asset growth trend?
The organization's assets have shown consistent growth, increasing from $43,561,985 in 2019 to $57,447,873 in 2023, indicating sound financial management and accumulation of resources.
Filing History
IRS 990 filing history for Soldiers & Sailors Memorial showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Soldiers & Sailors Memorial's revenue has grown by 81.4%, moving from $30.3M to $54.9M. Total assets increased by 32.2% over the same period, from $43.4M to $57.4M. Total functional expenses rose by 55.7%, from $31.0M to $48.3M. In its most recent filing year (2023), Soldiers & Sailors Memorial reported a surplus of $6.5M, with revenue exceeding expenses. The organization holds $9.6M in liabilities against $57.4M in assets (debt-to-asset ratio: 16.7%), resulting in net assets of $47.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $54.9M | $48.3M | $57.4M | $9.6M | — | — |
| 2022 | $47.3M | $43.5M | $51.5M | $10.1M | — | View 990 |
| 2021 | $38.4M | $38.3M | $51.5M | $10.6M | — | View 990 |
| 2020 | $36.6M | $29.3M | $58.3M | $20.9M | — | View 990 |
| 2019 | $30.8M | $29.8M | $43.6M | $12.3M | — | View 990 |
| 2018 | $31.0M | $28.8M | $41.5M | $17.9M | — | View 990 |
| 2017 | $33.1M | $29.3M | $41.3M | $19.3M | — | View 990 |
| 2016 | $28.7M | $29.9M | $40.3M | $22.6M | — | View 990 |
| 2015 | $28.3M | $29.0M | $42.5M | $24.3M | — | View 990 |
| 2014 | $28.8M | $28.1M | $43.8M | $24.6M | — | View 990 |
| 2013 | $29.8M | $29.3M | $46.0M | $26.3M | — | View 990 |
| 2012 | $29.4M | $29.7M | $45.1M | $28.1M | — | View 990 |
| 2011 | $30.3M | $31.0M | $43.4M | $26.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $54.9M, expenses of $48.3M, and assets of $57.4M (revenue +16.0% year-over-year).
- 2022: Revenue of $47.3M, expenses of $43.5M, and assets of $51.5M (revenue +23.2% year-over-year).
- 2021: Revenue of $38.4M, expenses of $38.3M, and assets of $51.5M (revenue +4.8% year-over-year).
- 2020: Revenue of $36.6M, expenses of $29.3M, and assets of $58.3M (revenue +18.8% year-over-year).
- 2019: Revenue of $30.8M, expenses of $29.8M, and assets of $43.6M (revenue -0.7% year-over-year).
- 2018: Revenue of $31.0M, expenses of $28.8M, and assets of $41.5M (revenue -6.2% year-over-year).
- 2017: Revenue of $33.1M, expenses of $29.3M, and assets of $41.3M (revenue +15.3% year-over-year).
- 2016: Revenue of $28.7M, expenses of $29.9M, and assets of $40.3M (revenue +1.5% year-over-year).
- 2015: Revenue of $28.3M, expenses of $29.0M, and assets of $42.5M (revenue -1.7% year-over-year).
- 2014: Revenue of $28.8M, expenses of $28.1M, and assets of $43.8M (revenue -3.4% year-over-year).
- 2013: Revenue of $29.8M, expenses of $29.3M, and assets of $46.0M (revenue +1.4% year-over-year).
- 2012: Revenue of $29.4M, expenses of $29.7M, and assets of $45.1M (revenue -2.8% year-over-year).
- 2011: Revenue of $30.3M, expenses of $31.0M, and assets of $43.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Soldiers & Sailors Memorial:
Data Sources and Methodology
This transparency report for Soldiers & Sailors Memorial 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.