Surgance Inc
Surgance Inc. holds $9.7M in assets but carries $9.6M in liabilities, indicating high financial leverage.
EIN: 208084708 · Springville, AL · NTEE: P20 · Updated: 2026-03-28
Is Surgance Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Surgance Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Surgance Inc
Surgance Inc (EIN: 208084708) is a nonprofit organization based in Springville, AL, classified under NTEE code P20. The organization reported total revenue of $247K and total assets of $9.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Surgance Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Surgance Inc is a small nonprofit that has been operating for 4 years, with 9 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $247K |
| Total Expenses | $125K |
| Surplus / Deficit | +$122K |
| Total Assets | $9.7M |
| Total Liabilities | $9.6M |
| Net Assets | $122K |
| Operating Margin | 49.3% |
| Debt-to-Asset Ratio | 98.8% |
| Months of Reserves | 934.2 months |
Financial Health Grade: A
In 2023, Surgance Inc reported a surplus of $122K with revenue exceeding expenses, holds 934.2 months of operating reserves (strong position), has a debt-to-asset ratio of 98.8% (high leverage).
Financial Trends
Over 9 years of filings (2011–2023), Surgance Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2017 | -100.0% | -85.0% | -4.4% |
| 2016 | -99.1% | -98.0% | -14.7% |
| 2015 | -40.5% | -36.5% | -30.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2022 |
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 Surgance Inc with a Mission Score of 40 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Surgance Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 surplus of $122K, with revenue exceeding expenses.
- Debt-to-asset ratio: 98.8%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, suggesting either a volunteer-led organization or that compensation is categorized under other expense lines, which could obscure true administrative costs.
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 Surgance Inc's IRS 990 filings:
- High liabilities ($9,624,406) relative to assets ($9,746,216) in the latest period, indicating high financial leverage.
- Dramatic, unexplained increase in both assets and liabilities between 2018 and 2023.
- Inconsistent revenue generation, with multiple periods reporting $0 revenue.
- Lack of detailed functional expense breakdown in summary data, hindering full assessment of spending efficiency.
Strengths
The following positive indicators were identified for Surgance Inc:
- Consistent IRS 990 filing history over nine periods.
- Reported 0% officer compensation across all filings, indicating no direct executive salary burden.
- Positive net income in the latest filing period (202306), with revenue exceeding expenses.
Frequently Asked Questions about Surgance Inc
Is Surgance Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Surgance Inc (EIN: 208084708) significant concerns. Mission Score: 40/100. 4 red flags identified, 3 strengths noted.
How does Surgance Inc spend its money?
Surgance Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Surgance Inc tax-deductible?
Surgance Inc is registered as a tax-exempt nonprofit (EIN: 208084708). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Surgance Inc. financially stable given its high liabilities?
Surgance Inc. appears to have low financial stability due to its liabilities of $9,624,406 nearly matching its assets of $9,746,216 in the latest filing, leaving a very small net asset position. This high leverage indicates a significant reliance on debt.
What caused the dramatic increase in assets and liabilities between 2018 and 2023?
The provided data does not specify the cause, but assets jumped from $9,872 in 201806 to $9,746,216 in 202306, with liabilities similarly increasing from $0 to $9,624,406. This suggests a major capital event, such as acquiring a property with significant debt, which requires further investigation from detailed financial statements.
How does Surgance Inc. sustain operations with inconsistent revenue?
Surgance Inc. has a history of inconsistent revenue, including periods of $0 revenue (e.g., 201706, 201806). While the latest period shows positive net income, the organization's ability to sustain operations long-term with such erratic income, especially with high liabilities, is questionable and likely relies on specific funding cycles or asset-based operations.
Filing History
IRS 990 filing history for Surgance Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2023), Surgance Inc's revenue has grown by 57.9%, moving from $156K to $247K. Total assets increased by 46073.1% over the same period, from $21K to $9.7M. Total functional expenses fell by 65.7%, from $365K to $125K. In its most recent filing year (2023), Surgance Inc reported a surplus of $122K, with revenue exceeding expenses. The organization holds $9.6M in liabilities against $9.7M in assets (debt-to-asset ratio: 98.8%), resulting in net assets of $122K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $247K | $125K | $9.7M | $9.6M | — | View 990 |
| 2018 | $0 | $541 | $10K | $0 | — | View 990 |
| 2017 | $0 | $476 | $10K | $0 | — | View 990 |
| 2016 | $1K | $3K | $11K | $0 | — | View 990 |
| 2015 | $149K | $155K | $13K | $0 | — | View 990 |
| 2014 | $250K | $244K | $18K | $0 | — | View 990 |
| 2013 | $179K | $176K | $14K | $2K | — | View 990 |
| 2012 | $38K | $48K | $11K | $2K | — | View 990 |
| 2011 | $156K | $365K | $21K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $247K, expenses of $125K, and assets of $9.7M.
- 2018: Revenue of $0, expenses of $541, and assets of $10K.
- 2017: Revenue of $0, expenses of $476, and assets of $10K (revenue -100.0% year-over-year).
- 2016: Revenue of $1K, expenses of $3K, and assets of $11K (revenue -99.1% year-over-year).
- 2015: Revenue of $149K, expenses of $155K, and assets of $13K (revenue -40.5% year-over-year).
- 2014: Revenue of $250K, expenses of $244K, and assets of $18K (revenue +39.9% year-over-year).
- 2013: Revenue of $179K, expenses of $176K, and assets of $14K (revenue +375.4% year-over-year).
- 2012: Revenue of $38K, expenses of $48K, and assets of $11K (revenue -75.9% year-over-year).
- 2011: Revenue of $156K, expenses of $365K, and assets of $21K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Surgance Inc:
Data Sources and Methodology
This transparency report for Surgance 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.