Sunrise Residence Inc

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Sunrise Residence Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals

Sunrise Residence Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Sunrise Residence Inc in one place.

Is Sunrise Residence Inc Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

Across stored filings, Sunrise Residence Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Sunrise Residence Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.

About Sunrise Residence Inc

Sunrise Residence Inc (EIN: 222478230) is a nonprofit organization based in Machias, ME, classified under NTEE code L20Z. The organization reported total revenue of $226K and total assets of $211K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sunrise Residence Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Sunrise Residence Inc is a small nonprofit that has been operating for 43 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 2.2%.

Key Financial Metrics (2024)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2024, Sunrise Residence Inc reported a surplus of $58K with revenue exceeding expenses, holds 14.5 months of operating reserves (strong position), has a debt-to-asset ratio of 49.0% (moderate leverage).

Financial Trends

Over 13 years of filings (2012–2024), Sunrise Residence Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.2%.

IRS Tax-Exempt Classification

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 Sunrise Residence Inc with a Mission Score of 70 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: 20%
• programs: 70%
• fundraising: 10%

According to IRS 990 filings, Sunrise Residence Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.

Key Financial Metrics (2024)

From the most recent IRS 990 filing on record:

• The organization reported a surplus of $58K, with revenue exceeding expenses.
• Debt-to-asset ratio: 49.0%.

Executive Compensation Analysis

Executive compensation is not reported in the provided data, indicating it is likely below the threshold for mandatory disclosure or not applicable.

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 Sunrise Residence Inc's IRS 990 filings:

• Liquidity (current assets to liabilities) has steadily declined from 0.40 in 2017 to 0.19 in 2024, indicating potential long-term financial strain.
• The organization consistently operates with a deficit, as expenses frequently exceed revenue (e.g., 2024: revenue $220,991, expenses $162,792, but assets are declining relative to liabilities).
• No information on program impact or specific services provided is available, making it difficult to assess mission effectiveness beyond financial metrics.

Strengths

The following positive indicators were identified for Sunrise Residence Inc:

• Consistent revenue generation over the past several years, demonstrating operational stability.
• Expenses have remained relatively stable, suggesting cost control.
• Assets have shown a slight increase in recent years (e.g., $125,912 in 2017 to $196,661 in 2024).

Frequently Asked Questions about Sunrise Residence Inc

Filing History

IRS 990 filing history for Sunrise Residence Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2012–2024), Sunrise Residence Inc's revenue has grown by 30.2%, moving from $170K to $221K. Total assets increased by 62.6% over the same period, from $121K to $197K. Total functional expenses rose by 10.3%, from $148K to $163K. In its most recent filing year (2024), Sunrise Residence Inc reported a surplus of $58K, with revenue exceeding expenses. The organization holds $96K in liabilities against $197K in assets (debt-to-asset ratio: 49.0%), resulting in net assets of $100K.

Year-by-Year Financial Summary

• 2024: Revenue of $221K, expenses of $163K, and assets of $197K (revenue +6.2% year-over-year).
• 2023: Revenue of $208K, expenses of $161K, and assets of $179K (revenue +5.2% year-over-year).
• 2022: Revenue of $198K, expenses of $161K, and assets of $170K (revenue +0.4% year-over-year).
• 2021: Revenue of $197K, expenses of $151K, and assets of $162K (revenue +1.8% year-over-year).
• 2020: Revenue of $194K, expenses of $148K, and assets of $153K (revenue +2.9% year-over-year).
• 2019: Revenue of $188K, expenses of $158K, and assets of $126K (revenue +0.8% year-over-year).
• 2018: Revenue of $187K, expenses of $159K, and assets of $127K (revenue +0.4% year-over-year).
• 2017: Revenue of $186K, expenses of $170K, and assets of $126K (revenue +2.2% year-over-year).
• 2016: Revenue of $182K, expenses of $161K, and assets of $124K (revenue +2.2% year-over-year).
• 2015: Revenue of $178K, expenses of $152K, and assets of $118K (revenue +2.8% year-over-year).
• 2014: Revenue of $173K, expenses of $166K, and assets of $123K (revenue -0.1% year-over-year).
• 2013: Revenue of $173K, expenses of $161K, and assets of $121K (revenue +2.0% year-over-year).
• 2012: Revenue of $170K, expenses of $148K, and assets of $121K.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Sunrise Residence Inc:

Data Sources and Methodology

This transparency report for Sunrise Residence 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.