South Carthage Manor Inc
South Carthage Manor Inc. consistently operates at a deficit, drawing down assets to cover expenses.
EIN: 204045065 · Cookeville, TN · NTEE: L22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $108K |
| Total Expenses | $151K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $100,000 |
| Net Assets | $1.3M |
| Transparency Score | 55/100 |
Is South Carthage Manor Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
South Carthage Manor Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About South Carthage Manor Inc
South Carthage Manor Inc (EIN: 204045065) is a nonprofit organization based in Cookeville, TN, classified under NTEE code L22. The organization reported total revenue of $108K and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of South Carthage Manor Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
South Carthage Manor Inc is a small nonprofit that has been operating for 20 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 5.9%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $108K |
| Total Expenses | $151K |
| Surplus / Deficit | $-43,016 |
| Total Assets | $1.3M |
| Total Liabilities | $21K |
| Net Assets | $1.3M |
| Operating Margin | -39.8% |
| Debt-to-Asset Ratio | 1.6% |
| Months of Reserves | 104.9 months |
Financial Health Grade: B
In 2024, South Carthage Manor Inc reported a deficit of $43K with expenses exceeding revenue, holds 104.9 months of operating reserves (strong position), has a debt-to-asset ratio of 1.6% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), South Carthage Manor Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +2.2% | +1.5% | -2.9% |
| 2023 | +0.4% | -5.1% | -3.4% |
| 2022 | +4.4% | +11.4% | -3.4% |
| 2021 | +3.5% | -1.8% | -2.1% |
| 2020 | -10.9% | +5.2% | -2.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 South Carthage Manor Inc with a Mission Score of 55 out of 100 (Fair). 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: 80%
- fundraising: 5%
According to IRS 990 filings, South Carthage Manor Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $43K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.6%.
Executive Compensation Analysis
Executive compensation is reported at 0% across all available filings, indicating that no officers or key employees are receiving salaries, which is highly unusual for an organization with over $100,000 in annual expenses and over $1 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 South Carthage Manor Inc's IRS 990 filings:
- Consistent operational deficits (e.g., $43,016 deficit in 2024)
- Declining asset base over time (from $1.7M in 2015 to $1.3M in 2024)
- Reliance on existing assets to cover annual expenses
Strengths
The following positive indicators were identified for South Carthage Manor Inc:
- 0% officer compensation reported across all filings
- Consistent filing of IRS Form 990s, indicating transparency
Frequently Asked Questions about South Carthage Manor Inc
Is South Carthage Manor Inc a legitimate charity?
South Carthage Manor Inc (EIN: 204045065) is a registered tax-exempt nonprofit based in Tennessee. Our AI analysis gives it a Mission Score of 55/100. It has 14 years of IRS 990 filings on record. Total revenue: $108K. 3 red flags identified. 2 strengths noted. Financial health grade: B.
How does South Carthage Manor Inc spend its money?
South Carthage Manor Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to South Carthage Manor Inc tax-deductible?
South Carthage Manor Inc is registered as a tax-exempt nonprofit (EIN: 204045065). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the South Carthage Manor Inc CEO make?
South Carthage Manor Inc's highest-compensated officer earns $100,000 annually. The organization reported $108K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of South Carthage Manor Inc's spending goes to programs?
South Carthage Manor Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does South Carthage Manor Inc compare to similar nonprofits?
With a transparency score of 55/100 (Fair), South Carthage Manor Inc is near average for NTEE category L22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is South Carthage Manor Inc located?
South Carthage Manor Inc is headquartered in Cookeville, Tennessee and files with the IRS under EIN 204045065. It is classified under NTEE code L22.
How many years of IRS 990 filings does South Carthage Manor Inc have?
South Carthage Manor Inc has 14 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 $108K in total revenue.
Is South Carthage Manor Inc. financially sustainable?
Based on the consistent operational deficits (e.g., $108,177 revenue vs. $151,193 expenses in 2024), the organization is not financially sustainable in its current state, as it relies on drawing down its assets to cover expenses.
Why are expenses consistently higher than revenue?
The filings consistently show expenses exceeding revenue (e.g., $151,193 expenses vs. $108,177 revenue in 2024). This suggests a fixed cost structure that is not fully supported by current income, possibly due to property maintenance or other operational costs related to its housing mission.
What is the long-term impact of declining assets?
The organization's assets have steadily declined from $1,708,424 in 2015 to $1,321,375 in 2024. This trend indicates that the organization is liquidating or depleting its reserves to cover operational shortfalls, which will eventually limit its capacity to operate or fulfill its mission.
Filing History
IRS 990 filing history for South Carthage Manor Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), South Carthage Manor Inc's revenue has grown by 109.8%, moving from $52K to $108K. Total assets decreased by 29% over the same period, from $1.9M to $1.3M. Total functional expenses rose by 43.2%, from $106K to $151K. In its most recent filing year (2024), South Carthage Manor Inc reported a deficit of $43K, with expenses exceeding revenue. The organization holds $21K in liabilities against $1.3M in assets (debt-to-asset ratio: 1.6%), resulting in net assets of $1.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $108K | $151K | $1.3M | $21K | — | — |
| 2023 | $106K | $149K | $1.4M | $17K | — | View 990 |
| 2022 | $105K | $157K | $1.4M | $21K | — | View 990 |
| 2021 | $101K | $141K | $1.5M | $19K | — | View 990 |
| 2020 | $98K | $143K | $1.5M | $11K | — | View 990 |
| 2019 | $109K | $136K | $1.5M | $9K | — | View 990 |
| 2018 | $93K | $140K | $1.6M | $28K | — | View 990 |
| 2017 | $96K | $129K | $1.6M | $27K | — | View 990 |
| 2016 | $91K | $128K | $1.7M | $40K | — | View 990 |
| 2015 | $91K | $134K | $1.7M | $40K | — | View 990 |
| 2014 | $73K | $123K | $1.7M | $36K | — | View 990 |
| 2013 | $102K | $111K | $1.8M | $21K | — | View 990 |
| 2012 | $57K | $104K | $1.8M | $55K | — | View 990 |
| 2011 | $52K | $106K | $1.9M | $44K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $108K, expenses of $151K, and assets of $1.3M (revenue +2.2% year-over-year).
- 2023: Revenue of $106K, expenses of $149K, and assets of $1.4M (revenue +0.4% year-over-year).
- 2022: Revenue of $105K, expenses of $157K, and assets of $1.4M (revenue +4.4% year-over-year).
- 2021: Revenue of $101K, expenses of $141K, and assets of $1.5M (revenue +3.5% year-over-year).
- 2020: Revenue of $98K, expenses of $143K, and assets of $1.5M (revenue -10.9% year-over-year).
- 2019: Revenue of $109K, expenses of $136K, and assets of $1.5M (revenue +18.2% year-over-year).
- 2018: Revenue of $93K, expenses of $140K, and assets of $1.6M (revenue -3.7% year-over-year).
- 2017: Revenue of $96K, expenses of $129K, and assets of $1.6M (revenue +6.1% year-over-year).
- 2016: Revenue of $91K, expenses of $128K, and assets of $1.7M (revenue -0.3% year-over-year).
- 2015: Revenue of $91K, expenses of $134K, and assets of $1.7M (revenue +23.9% year-over-year).
- 2014: Revenue of $73K, expenses of $123K, and assets of $1.7M (revenue -28.1% year-over-year).
- 2013: Revenue of $102K, expenses of $111K, and assets of $1.8M (revenue +78.0% year-over-year).
- 2012: Revenue of $57K, expenses of $104K, and assets of $1.8M (revenue +11.1% year-over-year).
- 2011: Revenue of $52K, expenses of $106K, and assets of $1.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for South Carthage Manor Inc:
Data Sources and Methodology
This transparency report for South Carthage Manor 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.