Sriverm Inc
Sriverm Inc. experienced a significant financial deficit in 2023, with expenses far exceeding revenue.
EIN: 204567756 · Milwaukee, WI · NTEE: Q33 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $226K |
| Total Expenses | $377K |
| Program Spending | 80% |
| Net Assets | $393K |
| Transparency Score | 60/100 |
Is Sriverm Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Sriverm Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Sriverm Inc
Sriverm Inc (EIN: 204567756) is a nonprofit organization based in Milwaukee, WI, classified under NTEE code Q33. The organization reported total revenue of $226K and total assets of $521K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sriverm Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sriverm Inc is a small nonprofit that has been operating for 20 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of -86.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $12K |
| Total Expenses | $377K |
| Surplus / Deficit | $-365,212 |
| Total Assets | $393K |
| Net Assets | $393K |
| Operating Margin | -3035.3% |
| Months of Reserves | 12.5 months |
Financial Health Grade: B
In 2023, Sriverm Inc reported a deficit of $365K with expenses exceeding revenue, holds 12.5 months of operating reserves (strong position).
Financial Trends
Over 3 years of filings (2021–2023), Sriverm Inc's revenue has declined at a compound annual growth rate (CAGR) of -86.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -91.5% | +2075.1% | -43.9% |
| 2022 | -77.2% | -74.1% | +11.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2100 |
| 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 Sriverm Inc with a Mission Score of 60 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, Sriverm Inc 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 $365K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is reported as 0% across all three filings, indicating that no officers received compensation, which is highly favorable 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 Sriverm Inc's IRS 990 filings:
- Significant net loss in 2023 ($12,032 revenue vs. $377,244 expenses)
- Dramatic decline in revenue from $621,142 in 2021 to $12,032 in 2023
- Substantial decrease in assets from $701,044 in 2022 to $393,307 in 2023
Strengths
The following positive indicators were identified for Sriverm Inc:
- Zero officer compensation reported across all three filings
- No liabilities reported in any of the three filings, indicating a debt-free status
- Strong asset base in prior years (e.g., $701,044 in 2022)
Frequently Asked Questions about Sriverm Inc
Is Sriverm Inc a legitimate charity?
Sriverm Inc (EIN: 204567756) is a registered tax-exempt nonprofit based in Wisconsin. Our AI analysis gives it a Mission Score of 60/100. It has 3 years of IRS 990 filings on record. Total revenue: $226K. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Sriverm Inc spend its money?
Sriverm Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Sriverm Inc tax-deductible?
Sriverm Inc is registered as a tax-exempt nonprofit (EIN: 204567756). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Sriverm Inc's spending goes to programs?
Sriverm Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Sriverm Inc compare to similar nonprofits?
With a transparency score of 60/100 (Good), Sriverm Inc is above average for NTEE category Q33 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Sriverm Inc located?
Sriverm Inc is headquartered in Milwaukee, Wisconsin and files with the IRS under EIN 204567756. It is classified under NTEE code Q33.
How many years of IRS 990 filings does Sriverm Inc have?
Sriverm Inc has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $226K in total revenue.
What caused the drastic drop in revenue from $621,142 in 2021 to $12,032 in 2023?
The filings do not provide specific details for this decline, but it's a critical area for further inquiry into funding sources and operational changes.
How did Sriverm Inc. fund the $377,244 in expenses in 2023 with only $12,032 in revenue?
The organization likely utilized its existing assets to cover the deficit, as evidenced by the decrease in assets from $701,044 in 2022 to $393,307 in 2023.
What is the organization's plan to address the significant financial deficit experienced in 2023?
The IRS 990 filings do not detail future financial plans or strategies to mitigate deficits.
Filing History
IRS 990 filing history for Sriverm Inc showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Sriverm Inc's revenue has declined by 98.1%, moving from $621K to $12K. Total assets decreased by 37.3% over the same period, from $627K to $393K. Total functional expenses rose by 462.5%, from $67K to $377K. In its most recent filing year (2023), Sriverm Inc reported a deficit of $365K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $12K | $377K | $393K | $0 | — | View 990 |
| 2022 | $141K | $17K | $701K | $0 | — | — |
| 2021 | $621K | $67K | $627K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $12K, expenses of $377K, and assets of $393K (revenue -91.5% year-over-year).
- 2022: Revenue of $141K, expenses of $17K, and assets of $701K (revenue -77.2% year-over-year).
- 2021: Revenue of $621K, expenses of $67K, and assets of $627K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sriverm Inc:
Data Sources and Methodology
This transparency report for Sriverm 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.