Taylors Free Medical Clinic Inc
Taylors Free Medical Clinic Inc consistently balances revenue and expenses with no reported officer compensation.
EIN: 201715911 · Taylors, SC · NTEE: E32 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $734K |
| Total Expenses | $3.0M |
| Program Spending | 90% |
| Net Assets | $560K |
| Transparency Score | 92/100 |
Is Taylors Free Medical Clinic Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Taylors Free Medical Clinic Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Taylors Free Medical Clinic Inc
Taylors Free Medical Clinic Inc (EIN: 201715911) is a nonprofit organization based in Taylors, SC, classified under NTEE code E32. The organization reported total revenue of $734K and total assets of $759K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Taylors Free Medical Clinic Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Taylors Free Medical Clinic Inc is a small 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 14.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.3M |
| Total Expenses | $3.0M |
| Surplus / Deficit | +$241K |
| Total Assets | $752K |
| Total Liabilities | $193K |
| Net Assets | $560K |
| Operating Margin | 7.4% |
| Debt-to-Asset Ratio | 25.6% |
| Months of Reserves | 3.0 months |
Financial Health Grade: A
In 2023, Taylors Free Medical Clinic Inc reported a surplus of $241K with revenue exceeding expenses, holds 3.0 months of operating reserves (adequate), has a debt-to-asset ratio of 25.6% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Taylors Free Medical Clinic Inc's revenue has grown at a compound annual growth rate (CAGR) of 14.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +20.2% | +8.2% | +28.1% |
| 2022 | -15.0% | -11.7% | -10.3% |
| 2021 | -11.7% | -11.5% | -0.1% |
| 2020 | +18.4% | +17.1% | +0.3% |
| 2019 | +21.2% | +19.3% | -2.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| 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 Taylors Free Medical Clinic Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Taylors Free Medical Clinic Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 $241K, with revenue exceeding expenses.
- Debt-to-asset ratio: 25.6%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This suggests a volunteer-driven leadership model or that compensation is covered by other means, significantly reducing administrative overhead.
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.
Strengths
The following positive indicators were identified for Taylors Free Medical Clinic Inc:
- Consistent financial stability with revenues generally exceeding or matching expenses (e.g., 2023 revenue $3,254,597 vs. expenses $3,013,539).
- Strong asset base relative to liabilities, indicating solvency (e.g., 2023 assets $752,347 vs. liabilities $192,755).
- Zero reported officer compensation across all filings, demonstrating high efficiency and dedication to mission.
- Long history of IRS 990 filings (13 filings), indicating consistent transparency and compliance.
- Positive net assets growth over the decade, from $386,709 in 2014 to $752,347 in 2023.
Frequently Asked Questions about Taylors Free Medical Clinic Inc
Is Taylors Free Medical Clinic Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Taylors Free Medical Clinic Inc (EIN: 201715911) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Taylors Free Medical Clinic Inc spend its money?
Taylors Free Medical Clinic Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Taylors Free Medical Clinic Inc tax-deductible?
Taylors Free Medical Clinic Inc is registered as a tax-exempt nonprofit (EIN: 201715911). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Taylors Free Medical Clinic Inc's spending goes to programs?
Taylors Free Medical Clinic Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Taylors Free Medical Clinic Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Taylors Free Medical Clinic Inc is above average for NTEE category E32 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Taylors Free Medical Clinic Inc located?
Taylors Free Medical Clinic Inc is headquartered in Taylors, South Carolina and files with the IRS under EIN 201715911. It is classified under NTEE code E32.
How many years of IRS 990 filings does Taylors Free Medical Clinic Inc have?
Taylors Free Medical Clinic Inc 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 $734K in total revenue.
Is Taylors Free Medical Clinic Inc a good charity?
Based on the provided data, Taylors Free Medical Clinic Inc appears to be a good charity. It consistently manages its finances, maintains a healthy asset-to-liability ratio, and notably reports 0% officer compensation, suggesting a strong dedication to its mission and efficient use of funds.
How has the organization's financial health changed over time?
The organization has maintained a stable financial position over the past decade, with revenues and expenses generally in balance. Assets have shown growth, from $386,709 in 2014 to $752,347 in 2023, while liabilities have remained manageable, indicating consistent financial health.
What is the significance of 0% officer compensation?
0% officer compensation is highly significant as it indicates that the organization's leadership is either entirely volunteer-based or compensated through non-officer roles, allowing a greater proportion of funds to be directed towards program services rather than executive salaries. This is a strong positive indicator for efficiency and mission focus.
Filing History
IRS 990 filing history for Taylors Free Medical Clinic Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Taylors Free Medical Clinic Inc's revenue has grown by 421%, moving from $625K to $3.3M. Total assets increased by 92.2% over the same period, from $391K to $752K. Total functional expenses rose by 440.7%, from $557K to $3.0M. In its most recent filing year (2023), Taylors Free Medical Clinic Inc reported a surplus of $241K, with revenue exceeding expenses. The organization holds $193K in liabilities against $752K in assets (debt-to-asset ratio: 25.6%), resulting in net assets of $560K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.3M | $3.0M | $752K | $193K | — | — |
| 2022 | $2.7M | $2.8M | $587K | $269K | — | — |
| 2021 | $3.2M | $3.2M | $655K | $258K | — | View 990 |
| 2020 | $3.6M | $3.6M | $655K | $290K | — | — |
| 2019 | $3.0M | $3.0M | $653K | $333K | — | View 990 |
| 2018 | $2.5M | $2.6M | $672K | $357K | — | View 990 |
| 2017 | $2.4M | $2.4M | $721K | $368K | — | View 990 |
| 2016 | $2.3M | $2.3M | $544K | $202K | — | View 990 |
| 2015 | $2.7M | $2.5M | $536K | $156K | — | View 990 |
| 2014 | $2.1M | $2.1M | $387K | $196K | — | View 990 |
| 2013 | $1.8M | $1.8M | $383K | $186K | — | View 990 |
| 2012 | $490K | $544K | $325K | $194K | — | View 990 |
| 2011 | $625K | $557K | $391K | $206K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.3M, expenses of $3.0M, and assets of $752K (revenue +20.2% year-over-year).
- 2022: Revenue of $2.7M, expenses of $2.8M, and assets of $587K (revenue -15.0% year-over-year).
- 2021: Revenue of $3.2M, expenses of $3.2M, and assets of $655K (revenue -11.7% year-over-year).
- 2020: Revenue of $3.6M, expenses of $3.6M, and assets of $655K (revenue +18.4% year-over-year).
- 2019: Revenue of $3.0M, expenses of $3.0M, and assets of $653K (revenue +21.2% year-over-year).
- 2018: Revenue of $2.5M, expenses of $2.6M, and assets of $672K (revenue +2.8% year-over-year).
- 2017: Revenue of $2.4M, expenses of $2.4M, and assets of $721K (revenue +7.3% year-over-year).
- 2016: Revenue of $2.3M, expenses of $2.3M, and assets of $544K (revenue -15.2% year-over-year).
- 2015: Revenue of $2.7M, expenses of $2.5M, and assets of $536K (revenue +29.0% year-over-year).
- 2014: Revenue of $2.1M, expenses of $2.1M, and assets of $387K (revenue +14.5% year-over-year).
- 2013: Revenue of $1.8M, expenses of $1.8M, and assets of $383K (revenue +271.6% year-over-year).
- 2012: Revenue of $490K, expenses of $544K, and assets of $325K (revenue -21.6% year-over-year).
- 2011: Revenue of $625K, expenses of $557K, and assets of $391K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Taylors Free Medical Clinic Inc:
Data Sources and Methodology
This transparency report for Taylors Free Medical Clinic 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.