Southlake Tri City Rba Corp
Southlake Tri City Rba Corp consistently operates with expenses often exceeding revenue, reporting 0% officer compensation.
EIN: 205153554 · Merrillville, IN · NTEE: L20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.4M |
| Total Expenses | $2.7M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $-359,826 |
| Transparency Score | 75/100 |
Is Southlake Tri City Rba Corp Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Southlake Tri City Rba Corp directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Southlake Tri City Rba Corp
Southlake Tri City Rba Corp (EIN: 205153554) is a nonprofit organization based in Merrillville, IN, classified under NTEE code L20. The organization reported total revenue of $2.4M and total assets of $3.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Southlake Tri City Rba Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Southlake Tri City Rba Corp is a mid-size nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.1M |
| Total Expenses | $2.7M |
| Surplus / Deficit | $-573,090 |
| Total Assets | $2.6M |
| Total Liabilities | $2.9M |
| Net Assets | $-359,826 |
| Operating Margin | -27.1% |
| Debt-to-Asset Ratio | 114.1% |
| Months of Reserves | 11.4 months |
Financial Health Grade: C
In 2023, Southlake Tri City Rba Corp reported a deficit of $573K with expenses exceeding revenue, holds 11.4 months of operating reserves (strong position), has a debt-to-asset ratio of 114.1% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Southlake Tri City Rba Corp's revenue has grown at a compound annual growth rate (CAGR) of 0.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -5.0% | +19.7% | -4.3% |
| 2022 | -2.0% | -2.0% | -2.8% |
| 2021 | +8.3% | -0.3% | -3.0% |
| 2020 | -3.4% | -5.0% | +4.4% |
| 2019 | +5.9% | +11.5% | +0.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Southlake Tri City Rba Corp with a Mission Score of 75 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Southlake Tri City Rba Corp 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $573K, with expenses exceeding revenue.
- Debt-to-asset ratio: 114.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is highly unusual for an organization of its size with over $2 million in annual revenue.
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 Southlake Tri City Rba Corp's IRS 990 filings:
- Consistent operational deficits in multiple years, notably $573,090 in 2023.
- Liabilities ($2,917,750 in 2023) exceeding assets ($2,557,924) in the most recent filing.
- 0% officer compensation reported for an organization with over $2 million in annual revenue, which is highly unusual and may obscure how leadership is compensated or structured.
Strengths
The following positive indicators were identified for Southlake Tri City Rba Corp:
- Consistent reporting of 0% officer compensation, indicating a strong commitment to directing funds away from executive salaries.
- Stable revenue generation over the past decade, consistently above $2 million annually.
- Long history of IRS 990 filings (13 filings), indicating consistent compliance and transparency in reporting.
Frequently Asked Questions about Southlake Tri City Rba Corp
Is Southlake Tri City Rba Corp a legitimate charity?
Southlake Tri City Rba Corp (EIN: 205153554) is a registered tax-exempt nonprofit based in Indiana. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.4M. 3 red flags identified. 3 strengths noted. Financial health grade: C.
How does Southlake Tri City Rba Corp spend its money?
Southlake Tri City Rba Corp directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Southlake Tri City Rba Corp tax-deductible?
Southlake Tri City Rba Corp is registered as a tax-exempt nonprofit (EIN: 205153554). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Southlake Tri City Rba Corp CEO make?
Southlake Tri City Rba Corp's highest-compensated officer earns $2 annually. The organization reported $2.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Southlake Tri City Rba Corp's spending goes to programs?
Southlake Tri City Rba Corp directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Southlake Tri City Rba Corp compare to similar nonprofits?
With a transparency score of 75/100 (Good), Southlake Tri City Rba Corp is above average for NTEE category L20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Southlake Tri City Rba Corp located?
Southlake Tri City Rba Corp is headquartered in Merrillville, Indiana and files with the IRS under EIN 205153554. It is classified under NTEE code L20.
How many years of IRS 990 filings does Southlake Tri City Rba Corp have?
Southlake Tri City Rba Corp 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 $2.4M in total revenue.
How does Southlake Tri City Rba Corp cover its operational deficits, such as the $573,090 deficit in 2023 ($2,117,180 revenue vs. $2,690,270 expenses)?
The filings show consistent deficits in several years, suggesting they might be drawing from reserves, receiving non-operating income not reflected in 'Revenue', or managing liabilities. Further investigation into their balance sheet changes and other revenue sources would be needed.
What is the nature of the organization's liabilities, which were $2,917,750 in 2023, exceeding assets of $2,557,924?
The high liabilities relative to assets, particularly in 2023, could indicate significant debt, deferred revenue, or other financial obligations. This warrants a deeper look into the balance sheet details to understand the financial structure and potential risks.
Given the 0% officer compensation, how are the organization's leadership and management roles compensated?
It's possible that leadership roles are filled by volunteers, or compensation is reported under other expense categories not explicitly labeled as 'Officer Comp' on the summary page, or through related organizations. This is an unusual practice for an organization of this scale.
Filing History
IRS 990 filing history for Southlake Tri City Rba Corp showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Southlake Tri City Rba Corp's revenue has grown by 8%, moving from $2.0M to $2.1M. Total assets decreased by 29.7% over the same period, from $3.6M to $2.6M. Total functional expenses rose by 17.6%, from $2.3M to $2.7M. In its most recent filing year (2023), Southlake Tri City Rba Corp reported a deficit of $573K, with expenses exceeding revenue. The organization holds $2.9M in liabilities against $2.6M in assets (debt-to-asset ratio: 114.1%), resulting in net assets of $-359,826.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.1M | $2.7M | $2.6M | $2.9M | — | View 990 |
| 2022 | $2.2M | $2.2M | $2.7M | $2.5M | — | View 990 |
| 2021 | $2.3M | $2.3M | $2.8M | $2.5M | — | View 990 |
| 2020 | $2.1M | $2.3M | $2.8M | $2.6M | — | View 990 |
| 2019 | $2.2M | $2.4M | $2.7M | $2.3M | — | View 990 |
| 2018 | $2.1M | $2.2M | $2.7M | $2.0M | — | View 990 |
| 2017 | $2.2M | $2.2M | $2.8M | $2.0M | — | View 990 |
| 2016 | $2.3M | $2.3M | $3.0M | $2.1M | — | View 990 |
| 2015 | $2.3M | $2.3M | $3.1M | $2.3M | — | View 990 |
| 2014 | $2.1M | $2.3M | $3.3M | $2.4M | — | View 990 |
| 2013 | $2.2M | $2.2M | $3.4M | $2.4M | — | View 990 |
| 2012 | $2.3M | $2.2M | $3.6M | $2.6M | — | View 990 |
| 2011 | $2.0M | $2.3M | $3.6M | $2.7M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.1M, expenses of $2.7M, and assets of $2.6M (revenue -5.0% year-over-year).
- 2022: Revenue of $2.2M, expenses of $2.2M, and assets of $2.7M (revenue -2.0% year-over-year).
- 2021: Revenue of $2.3M, expenses of $2.3M, and assets of $2.8M (revenue +8.3% year-over-year).
- 2020: Revenue of $2.1M, expenses of $2.3M, and assets of $2.8M (revenue -3.4% year-over-year).
- 2019: Revenue of $2.2M, expenses of $2.4M, and assets of $2.7M (revenue +5.9% year-over-year).
- 2018: Revenue of $2.1M, expenses of $2.2M, and assets of $2.7M (revenue -7.3% year-over-year).
- 2017: Revenue of $2.2M, expenses of $2.2M, and assets of $2.8M (revenue -4.2% year-over-year).
- 2016: Revenue of $2.3M, expenses of $2.3M, and assets of $3.0M (revenue +2.3% year-over-year).
- 2015: Revenue of $2.3M, expenses of $2.3M, and assets of $3.1M (revenue +7.2% year-over-year).
- 2014: Revenue of $2.1M, expenses of $2.3M, and assets of $3.3M (revenue -4.2% year-over-year).
- 2013: Revenue of $2.2M, expenses of $2.2M, and assets of $3.4M (revenue -4.4% year-over-year).
- 2012: Revenue of $2.3M, expenses of $2.2M, and assets of $3.6M (revenue +17.2% year-over-year).
- 2011: Revenue of $2.0M, expenses of $2.3M, and assets of $3.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Southlake Tri City Rba Corp:
Data Sources and Methodology
This transparency report for Southlake Tri City Rba Corp 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.