United North Corporation
United North Corporation faces significant revenue decline despite stable assets and no reported officer compensation.
EIN: 208567856 · Toledo, OH · NTEE: S30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $768K |
| Total Expenses | $716K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $9 |
| Net Assets | $6.4M |
| Transparency Score | 70/100 |
Is United North Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
United North Corporation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About United North Corporation
United North Corporation (EIN: 208567856) is a nonprofit organization based in Toledo, OH, classified under NTEE code S30. The organization reported total revenue of $768K and total assets of $9.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of United North Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
United North Corporation is a small nonprofit that has been operating for 19 years, with 7 years of IRS 990 filings on record (2011–2017). Revenue has grown at a compound annual rate of -11.9%.
Key Financial Metrics (2017)
From the most recent IRS 990 filing on record:
| Total Revenue | $755K |
| Total Expenses | $716K |
| Surplus / Deficit | +$39K |
| Total Assets | $9.1M |
| Total Liabilities | $2.6M |
| Net Assets | $6.4M |
| Operating Margin | 5.2% |
| Debt-to-Asset Ratio | 29.0% |
| Months of Reserves | 152.3 months |
Financial Health Grade: A
In 2017, United North Corporation reported a surplus of $39K with revenue exceeding expenses, holds 152.3 months of operating reserves (strong position), has a debt-to-asset ratio of 29.0% (moderate leverage).
Financial Trends
Over 7 years of filings (2011–2017), United North Corporation's revenue has declined at a compound annual growth rate (CAGR) of -11.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2017 | -20.8% | -42.7% | -0.4% |
| 2016 | -46.9% | -30.9% | -0.8% |
| 2015 | +2.9% | +27.9% | -4.0% |
| 2014 | -6.9% | -8.5% | +3.6% |
| 2013 | -34.3% | +15.3% | +11.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 United North Corporation 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, United North Corporation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2017)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $39K, with revenue exceeding expenses.
- Debt-to-asset ratio: 29.0%.
Executive Compensation Analysis
United North Corporation consistently reports 0% officer compensation across all available filings, indicating that no compensation was paid to officers, directors, trustees, or key employees, or it was not reported as such. This suggests a very lean approach to executive pay relative to the organization's size and asset base of over $9 million.
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 United North Corporation's IRS 990 filings:
- Significant and sustained decline in annual revenue from $2,854,190 in 2012 to $768,186 in the latest period.
- Expenses frequently exceeding revenue (e.g., 2016: $1,248,341 expenses vs. $953,477 revenue), indicating potential operational deficits.
- High liabilities relative to revenue in some periods, such as $2,634,612 in liabilities against $754,940 revenue in 2017.
Strengths
The following positive indicators were identified for United North Corporation:
- Consistent reporting of 0% officer compensation, indicating a commitment to minimizing executive overhead.
- Stable and substantial asset base, consistently over $9 million, providing a financial cushion.
- Long filing history (7 filings), suggesting consistent compliance and transparency in reporting.
Frequently Asked Questions about United North Corporation
Is United North Corporation a legitimate charity?
United North Corporation (EIN: 208567856) is a registered tax-exempt nonprofit based in Ohio. Our AI analysis gives it a Mission Score of 70/100. It has 7 years of IRS 990 filings on record. Total revenue: $768K. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does United North Corporation spend its money?
United North Corporation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to United North Corporation tax-deductible?
United North Corporation is registered as a tax-exempt nonprofit (EIN: 208567856). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the United North Corporation CEO make?
United North Corporation's highest-compensated officer earns $9 annually. The organization reported $768K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of United North Corporation's spending goes to programs?
United North Corporation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does United North Corporation compare to similar nonprofits?
With a transparency score of 70/100 (Good), United North Corporation is above average for NTEE category S30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is United North Corporation located?
United North Corporation is headquartered in Toledo, Ohio and files with the IRS under EIN 208567856. It is classified under NTEE code S30.
How many years of IRS 990 filings does United North Corporation have?
United North Corporation has 7 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 $768K in total revenue.
What caused the significant decline in revenue from $2.8 million in 2012 to $768,186 in the latest period?
The IRS 990 data alone does not specify the cause, but such a drastic reduction in funding could be due to changes in grant availability, donor base, or program scope.
How does United North Corporation sustain operations with expenses sometimes exceeding revenue, such as in 2016 ($1,248,341 expenses vs. $953,477 revenue)?
The organization likely draws upon its substantial asset base, which consistently exceeds $9 million, or relies on prior year surpluses to cover shortfalls. However, this is not sustainable long-term without increased revenue.
Given the 0% officer compensation, how are leadership roles compensated or structured within the organization?
The filings indicate no compensation for officers, directors, trustees, or key employees. This could mean these roles are entirely volunteer-based, or compensation is structured in a way that doesn't fall under 'officer compensation' on the 990, though the latter is less common for a sustained period.
Filing History
IRS 990 filing history for United North Corporation showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2011–2017), United North Corporation's revenue has declined by 53.2%, moving from $1.6M to $755K. Total assets increased by 32.4% over the same period, from $6.9M to $9.1M. Total functional expenses fell by 56.6%, from $1.6M to $716K. In its most recent filing year (2017), United North Corporation reported a surplus of $39K, with revenue exceeding expenses. The organization holds $2.6M in liabilities against $9.1M in assets (debt-to-asset ratio: 29.0%), resulting in net assets of $6.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2017 | $755K | $716K | $9.1M | $2.6M | — | View 990 |
| 2016 | $953K | $1.2M | $9.1M | $2.7M | — | View 990 |
| 2015 | $1.8M | $1.8M | $9.2M | $2.5M | — | View 990 |
| 2014 | $1.7M | $1.4M | $9.6M | $2.9M | — | View 990 |
| 2013 | $1.9M | $1.5M | $9.2M | $2.8M | — | View 990 |
| 2012 | $2.9M | $1.3M | $8.3M | $2.2M | — | View 990 |
| 2011 | $1.6M | $1.6M | $6.9M | $2.3M | — | View 990 |
Year-by-Year Financial Summary
- 2017: Revenue of $755K, expenses of $716K, and assets of $9.1M (revenue -20.8% year-over-year).
- 2016: Revenue of $953K, expenses of $1.2M, and assets of $9.1M (revenue -46.9% year-over-year).
- 2015: Revenue of $1.8M, expenses of $1.8M, and assets of $9.2M (revenue +2.9% year-over-year).
- 2014: Revenue of $1.7M, expenses of $1.4M, and assets of $9.6M (revenue -6.9% year-over-year).
- 2013: Revenue of $1.9M, expenses of $1.5M, and assets of $9.2M (revenue -34.3% year-over-year).
- 2012: Revenue of $2.9M, expenses of $1.3M, and assets of $8.3M (revenue +76.9% year-over-year).
- 2011: Revenue of $1.6M, expenses of $1.6M, and assets of $6.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for United North Corporation:
Data Sources and Methodology
This transparency report for United North Corporation 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.