Sylvan Lake Improvement Association
EIN: 351770173 · Rome City, IN · NTEE: D300
| Metric | Value |
|---|---|
| Total Revenue | $1.8M |
| Total Expenses | $190K |
| Net Assets | $1.8M |
Is Sylvan Lake Improvement Association Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Sylvan Lake Improvement Association
Sylvan Lake Improvement Association (EIN: 351770173) is a nonprofit organization based in Rome City, IN, classified under NTEE code D300. The organization reported total revenue of $1.8M and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sylvan Lake Improvement Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sylvan Lake Improvement Association is a mid-size nonprofit that has been operating for 37 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -4.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $99K |
| Total Expenses | $190K |
| Surplus / Deficit | $-90,420 |
| Total Assets | $1.8M |
| Net Assets | $1.8M |
| Operating Margin | -91.0% |
| Months of Reserves | 116.0 months |
Financial Health Grade: B
In 2023, Sylvan Lake Improvement Association reported a deficit of $90K with expenses exceeding revenue, holds 116.0 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2010–2023), Sylvan Lake Improvement Association's revenue has declined at a compound annual growth rate (CAGR) of -4.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -31.9% | -44.5% | -1.7% |
| 2022 | -65.8% | +92.8% | -13.0% |
| 2021 | +73.1% | -14.0% | +17.4% |
| 2020 | -10.4% | -19.2% | +2.7% |
| 2019 | +24.7% | +106.4% | -1.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1989 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Sylvan Lake Improvement Association has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Sylvan Lake Improvement Association with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $90K, with expenses exceeding revenue.
Frequently Asked Questions about Sylvan Lake Improvement Association
Is Sylvan Lake Improvement Association a legitimate charity?
Sylvan Lake Improvement Association (EIN: 351770173) is a registered tax-exempt nonprofit based in Indiana. It has 14 years of IRS 990 filings on record. Total revenue: $1.8M. No red flags identified. Financial health grade: B.
How does Sylvan Lake Improvement Association spend its money?
Sylvan Lake Improvement Association reported $1.8M in total revenue in IRS 990 filings. 14 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Sylvan Lake Improvement Association tax-deductible?
Sylvan Lake Improvement Association is registered as a tax-exempt nonprofit (EIN: 351770173). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Sylvan Lake Improvement Association located?
Sylvan Lake Improvement Association is headquartered in Rome City, Indiana and files with the IRS under EIN 351770173. It is classified under NTEE code D300.
How many years of IRS 990 filings does Sylvan Lake Improvement Association have?
Sylvan Lake Improvement Association has 14 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 $1.8M in total revenue.
Filing History
IRS 990 filing history for Sylvan Lake Improvement Association showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Sylvan Lake Improvement Association's revenue has declined by 43.5%, moving from $176K to $99K. Total assets increased by 10.8% over the same period, from $1.7M to $1.8M. Total functional expenses fell by 24%, from $250K to $190K. In its most recent filing year (2023), Sylvan Lake Improvement Association reported a deficit of $90K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $99K | $190K | $1.8M | $0 | — | — |
| 2022 | $146K | $342K | $1.9M | $609 | — | — |
| 2021 | $426K | $177K | $2.1M | $0 | — | View 990 |
| 2020 | $246K | $206K | $1.8M | $0 | — | — |
| 2019 | $275K | $255K | $1.8M | $0 | — | — |
| 2018 | $220K | $124K | $1.8M | $0 | — | View 990 |
| 2017 | $212K | $129K | $1.7M | $0 | — | View 990 |
| 2016 | $146K | $112K | $1.6M | $0 | — | View 990 |
| 2015 | $143K | $119K | $1.6M | $0 | — | View 990 |
| 2014 | $100K | $94K | $1.6M | $0 | — | View 990 |
| 2013 | $105K | $124K | $1.6M | $0 | — | View 990 |
| 2012 | $84K | $129K | $1.6M | $0 | — | View 990 |
| 2011 | $121K | $159K | $1.6M | $0 | — | View 990 |
| 2010 | $176K | $250K | $1.7M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $99K, expenses of $190K, and assets of $1.8M (revenue -31.9% year-over-year).
- 2022: Revenue of $146K, expenses of $342K, and assets of $1.9M (revenue -65.8% year-over-year).
- 2021: Revenue of $426K, expenses of $177K, and assets of $2.1M (revenue +73.1% year-over-year).
- 2020: Revenue of $246K, expenses of $206K, and assets of $1.8M (revenue -10.4% year-over-year).
- 2019: Revenue of $275K, expenses of $255K, and assets of $1.8M (revenue +24.7% year-over-year).
- 2018: Revenue of $220K, expenses of $124K, and assets of $1.8M (revenue +3.7% year-over-year).
- 2017: Revenue of $212K, expenses of $129K, and assets of $1.7M (revenue +45.4% year-over-year).
- 2016: Revenue of $146K, expenses of $112K, and assets of $1.6M (revenue +2.2% year-over-year).
- 2015: Revenue of $143K, expenses of $119K, and assets of $1.6M (revenue +42.7% year-over-year).
- 2014: Revenue of $100K, expenses of $94K, and assets of $1.6M (revenue -4.1% year-over-year).
- 2013: Revenue of $105K, expenses of $124K, and assets of $1.6M (revenue +25.1% year-over-year).
- 2012: Revenue of $84K, expenses of $129K, and assets of $1.6M (revenue -30.8% year-over-year).
- 2011: Revenue of $121K, expenses of $159K, and assets of $1.6M (revenue -31.3% year-over-year).
- 2010: Revenue of $176K, expenses of $250K, and assets of $1.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sylvan Lake Improvement Association:
Data Sources and Methodology
This transparency report for Sylvan Lake Improvement Association 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.