Stone Ridge Association Inc
Stone Ridge Association Inc reports a deficit in its latest fiscal year, with expenses exceeding revenue by over $660,000.
EIN: 113672574 · Stone Ridge, VA · NTEE: L50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.0M |
| Total Expenses | $5.5M |
| Program Spending | 85% |
| Net Assets | $6.0M |
| Transparency Score | 75/100 |
Is Stone Ridge Association Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Stone Ridge Association Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Stone Ridge Association Inc
Stone Ridge Association Inc (EIN: 113672574) is a nonprofit organization based in Stone Ridge, VA, classified under NTEE code L50. The organization reported total revenue of $5.0M and total assets of $6.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Stone Ridge Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Stone Ridge Association Inc is a mid-size nonprofit that has been operating for 6 years, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of 3.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.9M |
| Total Expenses | $5.5M |
| Surplus / Deficit | $-661,206 |
| Total Assets | $6.4M |
| Total Liabilities | $414K |
| Net Assets | $6.0M |
| Operating Margin | -13.6% |
| Debt-to-Asset Ratio | 6.4% |
| Months of Reserves | 13.9 months |
Financial Health Grade: B
In 2023, Stone Ridge Association Inc reported a deficit of $661K with expenses exceeding revenue, holds 13.9 months of operating reserves (strong position), has a debt-to-asset ratio of 6.4% (very low leverage).
Financial Trends
Over 5 years of filings (2019–2023), Stone Ridge Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.6% | +26.9% | -7.2% |
| 2022 | +3.4% | +12.8% | +1.7% |
| 2021 | -4.1% | +7.2% | +6.5% |
| 2020 | +7.1% | -4.3% | +14.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2020 |
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 Stone Ridge Association Inc 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Stone Ridge Association 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $661K, with expenses exceeding revenue.
- Debt-to-asset ratio: 6.4%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all five filings, indicating either volunteer leadership or that executive compensation is categorized under other operational expenses, which could obscure a full view of leadership remuneration.
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 Stone Ridge Association Inc's IRS 990 filings:
- Latest fiscal year (202312) shows expenses ($5,540,633) significantly exceeding revenue ($4,879,427), resulting in a deficit.
- Consistent reporting of 0% officer compensation may obscure actual leadership remuneration if it's reported under other expense categories.
Strengths
The following positive indicators were identified for Stone Ridge Association Inc:
- Consistent growth in assets, from $5,581,517 in 2019 to $6,425,488 in 2023, indicating financial growth.
- Maintains a healthy asset-to-liability ratio, with liabilities consistently low relative to assets.
- History of operating surpluses in prior years (2019-2022) before the recent deficit.
Frequently Asked Questions about Stone Ridge Association Inc
Is Stone Ridge Association Inc a legitimate charity?
Stone Ridge Association Inc (EIN: 113672574) is a registered tax-exempt nonprofit based in Virginia. Our AI analysis gives it a Mission Score of 75/100. It has 5 years of IRS 990 filings on record. Total revenue: $5.0M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Stone Ridge Association Inc spend its money?
Stone Ridge Association Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Stone Ridge Association Inc tax-deductible?
Stone Ridge Association Inc is registered as a tax-exempt nonprofit (EIN: 113672574). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Stone Ridge Association Inc's spending goes to programs?
Stone Ridge Association Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Stone Ridge Association Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Stone Ridge Association Inc is above average for NTEE category L50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Stone Ridge Association Inc located?
Stone Ridge Association Inc is headquartered in Stone Ridge, Virginia and files with the IRS under EIN 113672574. It is classified under NTEE code L50.
How many years of IRS 990 filings does Stone Ridge Association Inc have?
Stone Ridge Association Inc has 5 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 $5.0M in total revenue.
Is Stone Ridge Association Inc financially stable?
Yes, despite a deficit in the latest fiscal year (202312) where expenses exceeded revenue by $661,206, the organization maintains a strong asset base of $6,425,488 and relatively low liabilities of $413,944, suggesting overall financial stability.
What is the trend in the organization's revenue and expenses?
Revenue has generally increased from $4,234,166 in 2019 to $4,879,427 in 2023. Expenses have also increased, notably jumping to $5,540,633 in 2023, leading to a deficit after several years of operating surpluses.
How does Stone Ridge Association Inc manage its assets and liabilities?
The organization has consistently grown its assets from $5,581,517 in 2019 to $6,425,488 in 2023. Liabilities have remained relatively low and stable, ranging from $248,255 to $426,883, indicating good financial management.
Filing History
IRS 990 filing history for Stone Ridge Association Inc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), Stone Ridge Association Inc's revenue has grown by 15.2%, moving from $4.2M to $4.9M. Total assets increased by 15.1% over the same period, from $5.6M to $6.4M. Total functional expenses rose by 46.8%, from $3.8M to $5.5M. In its most recent filing year (2023), Stone Ridge Association Inc reported a deficit of $661K, with expenses exceeding revenue. The organization holds $414K in liabilities against $6.4M in assets (debt-to-asset ratio: 6.4%), resulting in net assets of $6.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.9M | $5.5M | $6.4M | $414K | — | — |
| 2022 | $4.5M | $4.4M | $6.9M | $248K | — | — |
| 2021 | $4.3M | $3.9M | $6.8M | $260K | — | View 990 |
| 2020 | $4.5M | $3.6M | $6.4M | $319K | — | — |
| 2019 | $4.2M | $3.8M | $5.6M | $427K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.9M, expenses of $5.5M, and assets of $6.4M (revenue +8.6% year-over-year).
- 2022: Revenue of $4.5M, expenses of $4.4M, and assets of $6.9M (revenue +3.4% year-over-year).
- 2021: Revenue of $4.3M, expenses of $3.9M, and assets of $6.8M (revenue -4.1% year-over-year).
- 2020: Revenue of $4.5M, expenses of $3.6M, and assets of $6.4M (revenue +7.1% year-over-year).
- 2019: Revenue of $4.2M, expenses of $3.8M, and assets of $5.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Stone Ridge Association Inc:
Data Sources and Methodology
This transparency report for Stone Ridge 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.