Twin Lakes Family Wellness Center
Twin Lakes Family Wellness Center shows consistent revenue and asset growth with no reported officer compensation.
EIN: 202461990 · Albany, KY · NTEE: T30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $386K |
| Total Expenses | $322K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $373,507 |
| Net Assets | $170K |
| Transparency Score | 85/100 |
Is Twin Lakes Family Wellness Center Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Twin Lakes Family Wellness Center directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Twin Lakes Family Wellness Center
Twin Lakes Family Wellness Center (EIN: 202461990) is a nonprofit organization based in Albany, KY, classified under NTEE code T30. The organization reported total revenue of $386K and total assets of $210K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Twin Lakes Family Wellness Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Twin Lakes Family Wellness Center is a small nonprofit that has been operating for 21 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 12.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $374K |
| Total Expenses | $322K |
| Surplus / Deficit | +$52K |
| Total Assets | $182K |
| Total Liabilities | $12K |
| Net Assets | $170K |
| Operating Margin | 13.8% |
| Debt-to-Asset Ratio | 6.5% |
| Months of Reserves | 6.8 months |
Financial Health Grade: A
In 2023, Twin Lakes Family Wellness Center reported a surplus of $52K with revenue exceeding expenses, holds 6.8 months of operating reserves (strong position), has a debt-to-asset ratio of 6.5% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Twin Lakes Family Wellness Center's revenue has grown at a compound annual growth rate (CAGR) of 12.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +19.9% | +16.1% | +48.3% |
| 2022 | +5.1% | +12.7% | +36.2% |
| 2021 | +41.4% | +6.3% | +58.6% |
| 2020 | -7.6% | -4.1% | -4.7% |
| 2019 | -11.3% | -5.2% | -25.6% |
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 Twin Lakes Family Wellness Center with a Mission Score of 85 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Twin Lakes Family Wellness Center 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 surplus of $52K, with revenue exceeding expenses.
- Debt-to-asset ratio: 6.5%.
Executive Compensation Analysis
Twin Lakes Family Wellness Center consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This is highly unusual for an organization of its size with growing revenue ($373,507 in 2023) and suggests a volunteer-led executive structure or that compensation is reported under other expense categories, though the former is more likely given the consistent reporting.
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 Twin Lakes Family Wellness Center's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data makes precise efficiency assessment difficult.
Strengths
The following positive indicators were identified for Twin Lakes Family Wellness Center:
- Consistent revenue growth, increasing from $209,718 in 2020 to $373,507 in 2023.
- Strong asset growth, increasing from $56,817 in 2020 to $181,903 in 2023.
- 0% reported officer compensation across all available filings, indicating high efficiency.
- Positive net income in recent years (e.g., $51,704 in 2023, $34,483 in 2022).
- Low liabilities relative to assets, indicating good financial stability.
Frequently Asked Questions about Twin Lakes Family Wellness Center
Is Twin Lakes Family Wellness Center a legitimate charity?
Twin Lakes Family Wellness Center (EIN: 202461990) is a registered tax-exempt nonprofit based in Kentucky. Our AI analysis gives it a Mission Score of 85/100. It has 14 years of IRS 990 filings on record. Total revenue: $386K. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Twin Lakes Family Wellness Center spend its money?
Twin Lakes Family Wellness Center directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Twin Lakes Family Wellness Center tax-deductible?
Twin Lakes Family Wellness Center is registered as a tax-exempt nonprofit (EIN: 202461990). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Twin Lakes Family Wellness Center CEO make?
Twin Lakes Family Wellness Center's highest-compensated officer earns $373,507 annually. The organization reported $386K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Twin Lakes Family Wellness Center's spending goes to programs?
Twin Lakes Family Wellness Center directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Twin Lakes Family Wellness Center compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Twin Lakes Family Wellness Center is above average for NTEE category T30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Twin Lakes Family Wellness Center located?
Twin Lakes Family Wellness Center is headquartered in Albany, Kentucky and files with the IRS under EIN 202461990. It is classified under NTEE code T30.
How many years of IRS 990 filings does Twin Lakes Family Wellness Center have?
Twin Lakes Family Wellness Center 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 $386K in total revenue.
Is Twin Lakes Family Wellness Center a good charity?
Based on the available IRS 990 data, Twin Lakes Family Wellness Center appears to be a financially healthy and well-managed organization. It demonstrates consistent revenue and asset growth, maintains low liabilities, and notably reports 0% officer compensation, suggesting a strong commitment to its mission and efficient use of funds. However, a detailed breakdown of program vs. administrative spending would provide a more complete picture of its impact efficiency.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved, especially in recent years. Revenue has grown from $209,718 in 2020 to $373,507 in 2023, and assets have increased from $56,817 to $181,903 in the same period. This indicates strong growth and increasing financial stability after some periods of negative assets and higher liabilities in earlier years (e.g., 2017).
What is the organization's approach to executive compensation?
Twin Lakes Family Wellness Center consistently reports 0% officer compensation in all available filings. This indicates a highly efficient approach where executive leadership is either entirely volunteer-based or compensated through non-officer roles, directing more funds towards its programs.
Filing History
IRS 990 filing history for Twin Lakes Family Wellness Center showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Twin Lakes Family Wellness Center's revenue has grown by 355.4%, moving from $82K to $374K. Total assets increased by 212.9% over the same period, from $58K to $182K. Total functional expenses rose by 181.4%, from $114K to $322K. In its most recent filing year (2023), Twin Lakes Family Wellness Center reported a surplus of $52K, with revenue exceeding expenses. The organization holds $12K in liabilities against $182K in assets (debt-to-asset ratio: 6.5%), resulting in net assets of $170K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $374K | $322K | $182K | $12K | — | — |
| 2022 | $312K | $277K | $123K | $4K | — | — |
| 2021 | $297K | $246K | $90K | $6K | — | View 990 |
| 2020 | $210K | $231K | $57K | $24K | — | View 990 |
| 2019 | $227K | $241K | $60K | $5K | — | View 990 |
| 2018 | $256K | $254K | $80K | $11K | — | View 990 |
| 2017 | $156K | $213K | $-43,434 | $0 | — | View 990 |
| 2016 | $204K | $187K | $14K | $0 | — | View 990 |
| 2015 | $167K | $163K | $4K | $0 | — | View 990 |
| 2014 | $188K | $207K | $5K | $-12,358 | — | View 990 |
| 2013 | $125K | $106K | $12K | $125K | — | View 990 |
| 2012 | $185K | $257K | $0 | $59K | — | View 990 |
| 2011 | $168K | $213K | $13K | $18K | — | View 990 |
| 2010 | $82K | $114K | $58K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $374K, expenses of $322K, and assets of $182K (revenue +19.9% year-over-year).
- 2022: Revenue of $312K, expenses of $277K, and assets of $123K (revenue +5.1% year-over-year).
- 2021: Revenue of $297K, expenses of $246K, and assets of $90K (revenue +41.4% year-over-year).
- 2020: Revenue of $210K, expenses of $231K, and assets of $57K (revenue -7.6% year-over-year).
- 2019: Revenue of $227K, expenses of $241K, and assets of $60K (revenue -11.3% year-over-year).
- 2018: Revenue of $256K, expenses of $254K, and assets of $80K (revenue +63.7% year-over-year).
- 2017: Revenue of $156K, expenses of $213K, and assets of $-43,434 (revenue -23.4% year-over-year).
- 2016: Revenue of $204K, expenses of $187K, and assets of $14K (revenue +22.1% year-over-year).
- 2015: Revenue of $167K, expenses of $163K, and assets of $4K (revenue -11.1% year-over-year).
- 2014: Revenue of $188K, expenses of $207K, and assets of $5K (revenue +49.9% year-over-year).
- 2013: Revenue of $125K, expenses of $106K, and assets of $12K (revenue -32.3% year-over-year).
- 2012: Revenue of $185K, expenses of $257K, and assets of $0 (revenue +10.0% year-over-year).
- 2011: Revenue of $168K, expenses of $213K, and assets of $13K (revenue +105.3% year-over-year).
- 2010: Revenue of $82K, expenses of $114K, and assets of $58K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Twin Lakes Family Wellness Center:
Data Sources and Methodology
This transparency report for Twin Lakes Family Wellness Center 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.