Southeastern Red Angus Association Inc
Southeastern Red Angus Association Inc consistently operates with low expenses and no officer compensation, building assets.
EIN: 141890224 · Columbia, AL · NTEE: K03 · Updated: 2026-03-28
Is Southeastern Red Angus Association Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Southeastern Red Angus Association Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Southeastern Red Angus Association Inc
Southeastern Red Angus Association Inc (EIN: 141890224) is a nonprofit organization based in Columbia, AL, classified under NTEE code K03. The organization reported total revenue of $18K and total assets of $66K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Southeastern Red Angus Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Southeastern Red Angus Association Inc is a micro nonprofit that has been operating for 8 years, with 7 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of 3.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $19K |
| Total Expenses | $3K |
| Surplus / Deficit | +$16K |
| Total Assets | $50K |
| Net Assets | $50K |
| Operating Margin | 83.5% |
| Months of Reserves | 186.9 months |
Financial Health Grade: A
In 2023, Southeastern Red Angus Association Inc reported a surplus of $16K with revenue exceeding expenses, holds 186.9 months of operating reserves (strong position).
Financial Trends
Over 7 years of filings (2017–2023), Southeastern Red Angus Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +23.9% | -64.3% | +48.1% |
| 2022 | +15.8% | -18.2% | +24.7% |
| 2020 | -267.9% | -78.7% | -32.4% |
| 2019 | -23.0% | -7.3% | -6.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2018 |
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 Southeastern Red Angus Association Inc with a Mission Score of 92 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Southeastern Red Angus Association Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. 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 $16K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating that the organization's leadership is likely volunteer-based, which is highly efficient for an organization of its size with latest revenue of $18,474.
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 Southeastern Red Angus Association Inc:
- Consistently low expenses relative to revenue (e.g., $3,191 expenses vs. $19,330 revenue in 2023).
- Zero liabilities reported across all filing periods, indicating strong financial health.
- 0% officer compensation, suggesting volunteer leadership and efficient use of funds.
- Consistent asset growth over time, demonstrating financial stability.
- Strong financial surpluses in recent years (e.g., $16,139 surplus in 2023).
Frequently Asked Questions about Southeastern Red Angus Association Inc
Is Southeastern Red Angus Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Southeastern Red Angus Association Inc (EIN: 141890224) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Southeastern Red Angus Association Inc spend its money?
Southeastern Red Angus Association Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Southeastern Red Angus Association Inc tax-deductible?
Southeastern Red Angus Association Inc is registered as a tax-exempt nonprofit (EIN: 141890224). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Southeastern Red Angus Association Inc a good charity?
Based on the provided financial data, the Southeastern Red Angus Association Inc appears to be a very good charity. It consistently operates with low expenses relative to its revenue, has no liabilities, and reports 0% officer compensation, indicating efficient use of funds and volunteer leadership.
How does the organization manage its expenses?
The organization manages its expenses very effectively. In 2023, expenses were only $3,191 against revenues of $19,330, demonstrating a strong ability to keep operational costs low and generate surpluses.
What is the trend in the organization's assets?
The organization's assets have generally grown over time, from $39,846 in 2017 to $49,711 in 2023, indicating financial stability and accumulation of resources.
Filing History
IRS 990 filing history for Southeastern Red Angus Association Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2017–2023), Southeastern Red Angus Association Inc's revenue has grown by 25%, moving from $15K to $19K. Total assets increased by 24.8% over the same period, from $40K to $50K. Total functional expenses fell by 44.3%, from $6K to $3K. In its most recent filing year (2023), Southeastern Red Angus Association Inc reported a surplus of $16K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $19K | $3K | $50K | $0 | — | — |
| 2022 | $16K | $9K | $34K | $0 | — | — |
| 2021 | $13K | $11K | $27K | $0 | — | — |
| 2020 | $-9,905 | $2K | $24K | $0 | — | — |
| 2019 | $6K | $8K | $36K | $0 | — | View 990 |
| 2018 | $8K | $9K | $39K | $0 | — | View 990 |
| 2017 | $15K | $6K | $40K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $19K, expenses of $3K, and assets of $50K (revenue +23.9% year-over-year).
- 2022: Revenue of $16K, expenses of $9K, and assets of $34K (revenue +15.8% year-over-year).
- 2021: Revenue of $13K, expenses of $11K, and assets of $27K.
- 2020: Revenue of $-9,905, expenses of $2K, and assets of $24K (revenue -267.9% year-over-year).
- 2019: Revenue of $6K, expenses of $8K, and assets of $36K (revenue -23.0% year-over-year).
- 2018: Revenue of $8K, expenses of $9K, and assets of $39K (revenue -50.4% year-over-year).
- 2017: Revenue of $15K, expenses of $6K, and assets of $40K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Southeastern Red Angus Association Inc:
Data Sources and Methodology
This transparency report for Southeastern Red Angus Association 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.