Southeast Recycling Development Council Inc
Southeast Recycling Development Council Inc. shows fluctuating revenues and recent increases in liabilities, with no officer compensation.
EIN: 202817990 · Troy, AL · NTEE: C30 · Updated: 2026-03-28
Is Southeast Recycling Development Council Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Southeast Recycling Development Council Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Southeast Recycling Development Council Inc
Southeast Recycling Development Council Inc (EIN: 202817990) is a nonprofit organization based in Troy, AL, classified under NTEE code C30. The organization reported total revenue of $173K and total assets of $156K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Southeast Recycling Development Council Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Southeast Recycling Development Council Inc is a small nonprofit that has been operating for 20 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 8.2%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $173K |
| Total Expenses | $199K |
| Surplus / Deficit | $-26,047 |
| Total Assets | $156K |
| Total Liabilities | $98K |
| Net Assets | $58K |
| Operating Margin | -15.1% |
| Debt-to-Asset Ratio | 63.1% |
| Months of Reserves | 9.4 months |
Financial Health Grade: C
In 2022, Southeast Recycling Development Council Inc reported a deficit of $26K with expenses exceeding revenue, holds 9.4 months of operating reserves (strong position), has a debt-to-asset ratio of 63.1% (high leverage).
Financial Trends
Over 12 years of filings (2011–2022), Southeast Recycling Development Council Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +36.1% | +5.8% | -71.1% |
| 2021 | -43.0% | -2.9% | -7.1% |
| 2020 | -50.6% | -13.6% | +5.3% |
| 2019 | -7.6% | -14.6% | +70.0% |
| 2018 | +113.1% | +2.5% | +229.6% |
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 Southeast Recycling Development Council Inc with a Mission Score of 70 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Southeast Recycling Development Council Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $26K, with expenses exceeding revenue.
- Debt-to-asset ratio: 63.1%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is a strong positive for minimizing administrative overhead.
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 Southeast Recycling Development Council Inc's IRS 990 filings:
- Significant increase in liabilities in 2021 ($456,839) with no clear explanation in summary data.
- Expenses frequently exceeding revenue in recent years (e.g., 2022, 2021, 2017, 2014), indicating potential reliance on reserves or debt.
- Fluctuating revenue stream, making long-term financial planning potentially challenging.
Strengths
The following positive indicators were identified for Southeast Recycling Development Council Inc:
- Consistent 0% officer compensation, indicating efficient use of funds regarding executive pay.
- Long filing history (12 filings), suggesting established operations.
- Maintained positive net assets over the long term, despite recent fluctuations.
Frequently Asked Questions about Southeast Recycling Development Council Inc
Is Southeast Recycling Development Council Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Southeast Recycling Development Council Inc (EIN: 202817990) some concerns. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
How does Southeast Recycling Development Council Inc spend its money?
Southeast Recycling Development Council Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Southeast Recycling Development Council Inc tax-deductible?
Southeast Recycling Development Council Inc is registered as a tax-exempt nonprofit (EIN: 202817990). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What caused the significant increase in liabilities in 2021 ($456,839) and what is their nature?
The provided data does not specify the nature of these liabilities. A review of the full IRS Form 990 for 2021 would be necessary to understand the specific accounts contributing to this substantial increase.
How does SERDC manage its expenses when revenue is lower than expenses, as seen in 2022 ($172,987 revenue vs. $199,034 expenses)?
When expenses exceed revenue, organizations typically draw from their net assets or incur debt. In 2022, assets decreased from $540,481 to $155,950, suggesting a significant use of reserves or asset reclassification.
What is the breakdown of program, administrative, and fundraising expenses for SERDC?
The provided summary data does not include a detailed functional expense breakdown. This information is crucial for assessing the organization's spending efficiency and would be found in Part IX of the full IRS Form 990.
Filing History
IRS 990 filing history for Southeast Recycling Development Council Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Southeast Recycling Development Council Inc's revenue has grown by 138.1%, moving from $73K to $173K. Total assets increased by 242% over the same period, from $46K to $156K. Total functional expenses rose by 11.7%, from $178K to $199K. In its most recent filing year (2022), Southeast Recycling Development Council Inc reported a deficit of $26K, with expenses exceeding revenue. The organization holds $98K in liabilities against $156K in assets (debt-to-asset ratio: 63.1%), resulting in net assets of $58K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $173K | $199K | $156K | $98K | — | — |
| 2021 | $127K | $188K | $540K | $457K | — | View 990 |
| 2020 | $223K | $194K | $582K | $0 | — | View 990 |
| 2019 | $452K | $224K | $552K | $0 | — | View 990 |
| 2018 | $489K | $263K | $325K | $0 | — | View 990 |
| 2017 | $229K | $256K | $99K | $0 | — | — |
| 2016 | $366K | $335K | $126K | $0 | — | View 990 |
| 2015 | $330K | $282K | $94K | $0 | — | View 990 |
| 2014 | $335K | $356K | $46K | $0 | — | View 990 |
| 2013 | $322K | $273K | $67K | $0 | — | View 990 |
| 2012 | $201K | $229K | $18K | $0 | — | View 990 |
| 2011 | $73K | $178K | $46K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $173K, expenses of $199K, and assets of $156K (revenue +36.1% year-over-year).
- 2021: Revenue of $127K, expenses of $188K, and assets of $540K (revenue -43.0% year-over-year).
- 2020: Revenue of $223K, expenses of $194K, and assets of $582K (revenue -50.6% year-over-year).
- 2019: Revenue of $452K, expenses of $224K, and assets of $552K (revenue -7.6% year-over-year).
- 2018: Revenue of $489K, expenses of $263K, and assets of $325K (revenue +113.1% year-over-year).
- 2017: Revenue of $229K, expenses of $256K, and assets of $99K (revenue -37.4% year-over-year).
- 2016: Revenue of $366K, expenses of $335K, and assets of $126K (revenue +10.9% year-over-year).
- 2015: Revenue of $330K, expenses of $282K, and assets of $94K (revenue -1.2% year-over-year).
- 2014: Revenue of $335K, expenses of $356K, and assets of $46K (revenue +3.9% year-over-year).
- 2013: Revenue of $322K, expenses of $273K, and assets of $67K (revenue +60.0% year-over-year).
- 2012: Revenue of $201K, expenses of $229K, and assets of $18K (revenue +177.0% year-over-year).
- 2011: Revenue of $73K, expenses of $178K, and assets of $46K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Southeast Recycling Development Council Inc:
Data Sources and Methodology
This transparency report for Southeast Recycling Development Council 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.