Southern Highlands Reserve Inc
Southern Highlands Reserve Inc. shows strong recent revenue growth and no reported officer compensation, despite occasional operating deficits.
EIN: 200212113 · Lake Toxaway, NC · NTEE: C34 · Updated: 2026-03-28
Is Southern Highlands Reserve Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Southern Highlands Reserve Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Southern Highlands Reserve Inc
Southern Highlands Reserve Inc (EIN: 200212113) is a nonprofit organization based in Lake Toxaway, NC, classified under NTEE code C34. The organization reported total revenue of $3.1M and total assets of $6.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Southern Highlands Reserve Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Southern Highlands Reserve Inc is a mid-size nonprofit that has been operating for 23 years, with 9 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 1.2%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $674K |
| Total Expenses | $750K |
| Surplus / Deficit | $-75,252 |
| Total Assets | $4.0M |
| Total Liabilities | $155K |
| Net Assets | $3.9M |
| Operating Margin | -11.2% |
| Debt-to-Asset Ratio | 3.8% |
| Months of Reserves | 64.8 months |
Financial Health Grade: B
In 2022, Southern Highlands Reserve Inc reported a deficit of $75K with expenses exceeding revenue, holds 64.8 months of operating reserves (strong position), has a debt-to-asset ratio of 3.8% (very low leverage).
Financial Trends
Over 9 years of filings (2011–2022), Southern Highlands Reserve Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -46.6% | +21.1% | -1.8% |
| 2021 | +249.3% | +3.3% | +16.7% |
| 2020 | -5.9% | -7.1% | -0.9% |
| 2019 | +22.5% | +8.8% | -17.5% |
| 2015 | +3.3% | +5.9% | -5.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
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 Southern Highlands Reserve Inc with a Mission Score of 88 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: 85%
- fundraising: 5%
According to IRS 990 filings, Southern Highlands Reserve 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.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $75K, with expenses exceeding revenue.
- Debt-to-asset ratio: 3.8%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is highly unusual for an organization of its size with assets exceeding $6 million and suggests a volunteer-led or externally funded leadership structure, which is a significant positive for resource allocation.
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 Southern Highlands Reserve Inc's IRS 990 filings:
- Operating deficits in multiple years (e.g., 202212, 202012, 201912), where expenses exceeded revenue.
Strengths
The following positive indicators were identified for Southern Highlands Reserve Inc:
- No reported officer compensation across all filings, indicating high efficiency in leadership costs.
- Substantial asset base ($6,035,156) providing long-term financial security.
- Significant revenue growth in recent periods, demonstrating strong fundraising capacity.
- Low liabilities relative to assets, indicating a healthy balance sheet.
Frequently Asked Questions about Southern Highlands Reserve Inc
Is Southern Highlands Reserve Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Southern Highlands Reserve Inc (EIN: 200212113) some concerns. Mission Score: 88/100. 1 red flag identified, 4 strengths noted.
How does Southern Highlands Reserve Inc spend its money?
Southern Highlands Reserve Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Southern Highlands Reserve Inc tax-deductible?
Southern Highlands Reserve Inc is registered as a tax-exempt nonprofit (EIN: 200212113). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Southern Highlands Reserve Inc. financially stable?
Yes, despite some periods of expenses exceeding revenue (e.g., 202212), the organization maintains a strong asset base of $6,035,156 and low liabilities, indicating long-term financial stability.
How does Southern Highlands Reserve Inc. fund its operations?
The organization's revenue has fluctuated significantly, with a recent peak of $3,107,600. Given the 0% officer compensation, it likely relies heavily on donations, grants, and potentially investment income from its substantial assets to cover operational expenses.
What is the trend in the organization's financial health?
While there have been periods of operating deficits, the organization has shown remarkable revenue growth in recent years, culminating in the latest reported revenue of $3,107,600, suggesting an improving financial trajectory despite the 202212 deficit.
Filing History
IRS 990 filing history for Southern Highlands Reserve Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2022), Southern Highlands Reserve Inc's revenue has grown by 13.6%, moving from $593K to $674K. Total assets decreased by 25.8% over the same period, from $5.4M to $4.0M. Total functional expenses fell by 13.6%, from $867K to $750K. In its most recent filing year (2022), Southern Highlands Reserve Inc reported a deficit of $75K, with expenses exceeding revenue. The organization holds $155K in liabilities against $4.0M in assets (debt-to-asset ratio: 3.8%), resulting in net assets of $3.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $674K | $750K | $4.0M | $155K | — | View 990 |
| 2021 | $1.3M | $619K | $4.1M | $155K | — | View 990 |
| 2020 | $361K | $599K | $3.5M | $210K | — | View 990 |
| 2019 | $384K | $645K | $3.6M | $5K | — | View 990 |
| 2015 | $313K | $592K | $4.3M | $0 | — | View 990 |
| 2014 | $303K | $559K | $4.6M | $3K | — | View 990 |
| 2013 | $281K | $571K | $4.9M | $7K | — | View 990 |
| 2012 | $260K | $572K | $5.1M | $2K | — | View 990 |
| 2011 | $593K | $867K | $5.4M | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $674K, expenses of $750K, and assets of $4.0M (revenue -46.6% year-over-year).
- 2021: Revenue of $1.3M, expenses of $619K, and assets of $4.1M (revenue +249.3% year-over-year).
- 2020: Revenue of $361K, expenses of $599K, and assets of $3.5M (revenue -5.9% year-over-year).
- 2019: Revenue of $384K, expenses of $645K, and assets of $3.6M (revenue +22.5% year-over-year).
- 2015: Revenue of $313K, expenses of $592K, and assets of $4.3M (revenue +3.3% year-over-year).
- 2014: Revenue of $303K, expenses of $559K, and assets of $4.6M (revenue +7.8% year-over-year).
- 2013: Revenue of $281K, expenses of $571K, and assets of $4.9M (revenue +8.3% year-over-year).
- 2012: Revenue of $260K, expenses of $572K, and assets of $5.1M (revenue -56.2% year-over-year).
- 2011: Revenue of $593K, expenses of $867K, and assets of $5.4M.
Data Sources and Methodology
This transparency report for Southern Highlands Reserve 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.