Srcs Building Company
Srcs Building Company faces persistent operating deficits and declining assets.
EIN: 201465061 · Monticello, MN · NTEE: B19 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $200K |
| Total Expenses | $336K |
| Program Spending | 70% |
| Net Assets | $-651,639 |
| Transparency Score | 45/100 |
Is Srcs Building Company Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Srcs Building Company directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Srcs Building Company
Srcs Building Company (EIN: 201465061) is a nonprofit organization based in Monticello, MN, classified under NTEE code B19. The organization reported total revenue of $200K and total assets of $1.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Srcs Building Company's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Srcs Building Company is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $199K |
| Total Expenses | $336K |
| Surplus / Deficit | $-137,436 |
| Total Assets | $1.1M |
| Total Liabilities | $1.7M |
| Net Assets | $-651,639 |
| Operating Margin | -69.1% |
| Debt-to-Asset Ratio | 159.6% |
| Months of Reserves | 39.0 months |
Financial Health Grade: C
In 2023, Srcs Building Company reported a deficit of $137K with expenses exceeding revenue, holds 39.0 months of operating reserves (strong position), has a debt-to-asset ratio of 159.6% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Srcs Building Company's revenue has grown at a compound annual growth rate (CAGR) of 0.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -9.8% | +42.9% | -17.3% |
| 2022 | +11.1% | -3.8% | -7.7% |
| 2021 | +0.0% | -1.5% | -7.9% |
| 2020 | +0.0% | +1.4% | -8.7% |
| 2019 | +0.0% | -23.0% | -6.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2005 |
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 Srcs Building Company with a Mission Score of 45 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Srcs Building Company allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $137K, with expenses exceeding revenue.
- Debt-to-asset ratio: 159.6%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no compensation is paid to officers, which is a strong 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 Srcs Building Company's IRS 990 filings:
- Consistent operating deficits (e.g., $198,837 revenue vs. $336,273 expenses in 202306)
- Declining asset base over time (from $2,106,027 in 201506 to $1,092,831 in 202306)
- Increasing liabilities (from $1,475,330 in 201406 to $1,744,470 in 202306)
- Expenses significantly exceeding revenue in recent periods
Strengths
The following positive indicators were identified for Srcs Building Company:
- 0% officer compensation reported across all filings, indicating efficient use of funds at the executive level.
Frequently Asked Questions about Srcs Building Company
Is Srcs Building Company a legitimate charity?
Based on AI analysis of IRS 990 filings, Srcs Building Company (EIN: 201465061) significant concerns. Mission Score: 45/100. 4 red flags identified, 1 strength noted.
How does Srcs Building Company spend its money?
Srcs Building Company directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Srcs Building Company tax-deductible?
Srcs Building Company is registered as a tax-exempt nonprofit (EIN: 201465061). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Srcs Building Company's spending goes to programs?
Srcs Building Company directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Srcs Building Company compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Srcs Building Company is near average for NTEE category B19 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Srcs Building Company located?
Srcs Building Company is headquartered in Monticello, Minnesota and files with the IRS under EIN 201465061. It is classified under NTEE code B19.
How many years of IRS 990 filings does Srcs Building Company have?
Srcs Building Company 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 $200K in total revenue.
Is Srcs Building Company financially sustainable?
Based on the consistent trend of expenses exceeding revenue (e.g., $336,273 expenses vs. $198,837 revenue in 202306) and declining assets, the organization's current financial model appears unsustainable in the long term.
What is causing the significant operating deficits?
The filings indicate that expenses consistently outpace revenue. Without a detailed functional expense breakdown, it's difficult to pinpoint specific causes, but the overall spending is not covered by incoming funds.
How has the organization managed to operate with increasing liabilities?
The organization has seen its liabilities increase from $1,475,330 in 201406 to $1,744,470 in 202306, while assets have decreased. This suggests reliance on debt or other non-revenue funding to cover operational shortfalls.
Filing History
IRS 990 filing history for Srcs Building Company showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Srcs Building Company's revenue has grown by 9%, moving from $182K to $199K. Total assets decreased by 30.3% over the same period, from $1.6M to $1.1M. Total functional expenses rose by 44.5%, from $233K to $336K. In its most recent filing year (2023), Srcs Building Company reported a deficit of $137K, with expenses exceeding revenue. The organization holds $1.7M in liabilities against $1.1M in assets (debt-to-asset ratio: 159.6%), resulting in net assets of $-651,639.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $199K | $336K | $1.1M | $1.7M | — | View 990 |
| 2022 | $221K | $235K | $1.3M | $1.8M | — | View 990 |
| 2021 | $199K | $245K | $1.4M | $1.9M | — | View 990 |
| 2020 | $198K | $249K | $1.6M | $2.0M | — | View 990 |
| 2019 | $198K | $245K | $1.7M | $2.1M | — | View 990 |
| 2018 | $198K | $318K | $1.8M | $2.2M | — | View 990 |
| 2017 | $198K | $270K | $1.9M | $2.2M | — | View 990 |
| 2016 | $196K | $248K | $2.1M | $2.2M | — | View 990 |
| 2015 | $182K | $243K | $2.1M | $2.2M | — | View 990 |
| 2014 | $183K | $186K | $1.4M | $1.5M | — | View 990 |
| 2013 | $182K | $178K | $1.6M | $1.5M | — | View 990 |
| 2012 | $182K | $208K | $1.6M | $1.6M | — | View 990 |
| 2011 | $182K | $233K | $1.6M | $1.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $199K, expenses of $336K, and assets of $1.1M (revenue -9.8% year-over-year).
- 2022: Revenue of $221K, expenses of $235K, and assets of $1.3M (revenue +11.1% year-over-year).
- 2021: Revenue of $199K, expenses of $245K, and assets of $1.4M (revenue +0.0% year-over-year).
- 2020: Revenue of $198K, expenses of $249K, and assets of $1.6M (revenue +0.0% year-over-year).
- 2019: Revenue of $198K, expenses of $245K, and assets of $1.7M (revenue +0.0% year-over-year).
- 2018: Revenue of $198K, expenses of $318K, and assets of $1.8M (revenue +0.0% year-over-year).
- 2017: Revenue of $198K, expenses of $270K, and assets of $1.9M (revenue +1.4% year-over-year).
- 2016: Revenue of $196K, expenses of $248K, and assets of $2.1M (revenue +7.3% year-over-year).
- 2015: Revenue of $182K, expenses of $243K, and assets of $2.1M (revenue -0.1% year-over-year).
- 2014: Revenue of $183K, expenses of $186K, and assets of $1.4M (revenue +0.2% year-over-year).
- 2013: Revenue of $182K, expenses of $178K, and assets of $1.6M (revenue +0.0% year-over-year).
- 2012: Revenue of $182K, expenses of $208K, and assets of $1.6M (revenue +-0.0% year-over-year).
- 2011: Revenue of $182K, expenses of $233K, and assets of $1.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Srcs Building Company:
Data Sources and Methodology
This transparency report for Srcs Building Company 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.