Swan River Montessori Charter School
Swan River Montessori Charter School maintains operations with consistent revenue but faces significant and growing liabilities.
EIN: 201452996 · Monticello, MN · NTEE: B29 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.8M |
| Total Expenses | $2.6M |
| Program Spending | 85% |
| Net Assets | $-732,512 |
| Transparency Score | 70/100 |
Is Swan River Montessori Charter School Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Swan River Montessori Charter School directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Swan River Montessori Charter School
Swan River Montessori Charter School (EIN: 201452996) is a nonprofit organization based in Monticello, MN, classified under NTEE code B29. The organization reported total revenue of $2.8M and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Swan River Montessori Charter School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Swan River Montessori Charter School is a mid-size 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 4.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.6M |
| Total Expenses | $2.6M |
| Surplus / Deficit | $-13,791 |
| Total Assets | $1.3M |
| Total Liabilities | $2.1M |
| Net Assets | $-732,512 |
| Operating Margin | -0.5% |
| Debt-to-Asset Ratio | 155.3% |
| Months of Reserves | 6.1 months |
Financial Health Grade: C
In 2023, Swan River Montessori Charter School reported a deficit of $14K with expenses exceeding revenue, holds 6.1 months of operating reserves (strong position), has a debt-to-asset ratio of 155.3% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Swan River Montessori Charter School's revenue has grown at a compound annual growth rate (CAGR) of 4.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.9% | +7.1% | -1.9% |
| 2022 | +11.7% | +9.5% | -3.5% |
| 2021 | -2.8% | +0.3% | -22.7% |
| 2020 | +0.9% | +3.2% | -14.6% |
| 2019 | +8.5% | +1.6% | -19.9% |
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 Swan River Montessori Charter School 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Swan River Montessori Charter School 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 $14K, with expenses exceeding revenue.
- Debt-to-asset ratio: 155.3%.
Executive Compensation Analysis
No officer compensation has been reported across all available filings, indicating that executive leadership is either unpaid or compensated through other means not categorized as officer compensation, which is a positive for direct mission spending.
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 Swan River Montessori Charter School's IRS 990 filings:
- Liabilities consistently exceed assets, indicating a negative net asset position (e.g., $2,058,023 liabilities vs. $1,325,511 assets in 202306).
- Significant decline in total assets from $3,078,359 in 201706 to $1,325,511 in 202306.
Strengths
The following positive indicators were identified for Swan River Montessori Charter School:
- Consistent revenue generation, growing from $1,642,665 in 201406 to $2,605,243 in 202306.
- No reported officer compensation, suggesting resources are directed towards the mission.
- Stable operational activity with expenses generally aligned with revenue.
Frequently Asked Questions about Swan River Montessori Charter School
Is Swan River Montessori Charter School a legitimate charity?
Based on AI analysis of IRS 990 filings, Swan River Montessori Charter School (EIN: 201452996) some concerns. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
How does Swan River Montessori Charter School spend its money?
Swan River Montessori Charter School directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Swan River Montessori Charter School tax-deductible?
Swan River Montessori Charter School is registered as a tax-exempt nonprofit (EIN: 201452996). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Swan River Montessori Charter School's spending goes to programs?
Swan River Montessori Charter School directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Swan River Montessori Charter School compare to similar nonprofits?
With a transparency score of 70/100 (Good), Swan River Montessori Charter School is above average for NTEE category B29 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Swan River Montessori Charter School located?
Swan River Montessori Charter School is headquartered in Monticello, Minnesota and files with the IRS under EIN 201452996. It is classified under NTEE code B29.
How many years of IRS 990 filings does Swan River Montessori Charter School have?
Swan River Montessori Charter School 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 $2.8M in total revenue.
Is Swan River Montessori Charter School financially stable given its liabilities?
While the organization has consistent revenue, its liabilities have consistently exceeded its assets since at least 201806, reaching $2,058,023 in 202306 against assets of $1,325,511. This negative net asset position suggests potential long-term financial vulnerability.
How has the organization's asset base changed over time?
Assets have shown a declining trend from a peak of $3,078,359 in 201706 to $1,325,511 in 202306, indicating a reduction in owned resources.
What is the trend in revenue and expenses?
Revenue and expenses have generally increased over the years, with revenue growing from $1,642,665 in 201406 to $2,605,243 in 202306, and expenses following a similar upward trend, indicating consistent operational growth.
Does the organization compensate its officers?
Based on the provided data, officer compensation has been reported as 0% across all available filing periods, suggesting that officers are not directly compensated or their compensation is not categorized as such in these summaries.
Filing History
IRS 990 filing history for Swan River Montessori Charter School showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Swan River Montessori Charter School's revenue has grown by 77.3%, moving from $1.5M to $2.6M. Total assets increased by 33.7% over the same period, from $991K to $1.3M. Total functional expenses rose by 82.1%, from $1.4M to $2.6M. In its most recent filing year (2023), Swan River Montessori Charter School reported a deficit of $14K, with expenses exceeding revenue. The organization holds $2.1M in liabilities against $1.3M in assets (debt-to-asset ratio: 155.3%), resulting in net assets of $-732,512.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.6M | $2.6M | $1.3M | $2.1M | — | View 990 |
| 2022 | $2.4M | $2.4M | $1.4M | $2.3M | — | View 990 |
| 2021 | $2.1M | $2.2M | $1.4M | $2.4M | — | View 990 |
| 2020 | $2.2M | $2.2M | $1.8M | $2.7M | — | View 990 |
| 2019 | $2.2M | $2.2M | $2.1M | $2.9M | — | View 990 |
| 2018 | $2.0M | $2.1M | $2.6M | $3.8M | — | View 990 |
| 2017 | $2.1M | $2.1M | $3.1M | $3.6M | — | View 990 |
| 2016 | $1.9M | $2.0M | $1.3M | $1.4M | — | View 990 |
| 2015 | $1.8M | $1.9M | $1.3M | $1.2M | — | View 990 |
| 2014 | $1.6M | $1.6M | $1.1M | $126K | — | View 990 |
| 2013 | $1.5M | $1.4M | $977K | $116K | — | View 990 |
| 2012 | $1.4M | $1.4M | $899K | $104K | — | View 990 |
| 2011 | $1.5M | $1.4M | $991K | $127K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.6M, expenses of $2.6M, and assets of $1.3M (revenue +8.9% year-over-year).
- 2022: Revenue of $2.4M, expenses of $2.4M, and assets of $1.4M (revenue +11.7% year-over-year).
- 2021: Revenue of $2.1M, expenses of $2.2M, and assets of $1.4M (revenue -2.8% year-over-year).
- 2020: Revenue of $2.2M, expenses of $2.2M, and assets of $1.8M (revenue +0.9% year-over-year).
- 2019: Revenue of $2.2M, expenses of $2.2M, and assets of $2.1M (revenue +8.5% year-over-year).
- 2018: Revenue of $2.0M, expenses of $2.1M, and assets of $2.6M (revenue -3.3% year-over-year).
- 2017: Revenue of $2.1M, expenses of $2.1M, and assets of $3.1M (revenue +9.5% year-over-year).
- 2016: Revenue of $1.9M, expenses of $2.0M, and assets of $1.3M (revenue +5.0% year-over-year).
- 2015: Revenue of $1.8M, expenses of $1.9M, and assets of $1.3M (revenue +10.2% year-over-year).
- 2014: Revenue of $1.6M, expenses of $1.6M, and assets of $1.1M (revenue +9.6% year-over-year).
- 2013: Revenue of $1.5M, expenses of $1.4M, and assets of $977K (revenue +3.6% year-over-year).
- 2012: Revenue of $1.4M, expenses of $1.4M, and assets of $899K (revenue -1.5% year-over-year).
- 2011: Revenue of $1.5M, expenses of $1.4M, and assets of $991K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Swan River Montessori Charter School:
Data Sources and Methodology
This transparency report for Swan River Montessori Charter School 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.