Wake Robin Corp
Wake Robin Corp: Strong Financials, High Program Spending, but Executive Compensation Lacks Detail
EIN: 222535376 · Shelburne, VT · NTEE: P750 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $44.1M |
| Total Expenses | $33.1M |
| Program Spending | 90% |
| Net Assets | $-18,053,579 |
| Transparency Score | 85/100 |
Is Wake Robin Corp Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Wake Robin Corp directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Wake Robin Corp
Wake Robin Corp (EIN: 222535376) is a nonprofit organization based in Shelburne, VT, classified under NTEE code P750. The organization reported total revenue of $44.1M and total assets of $140.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wake Robin Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wake Robin Corp is a large nonprofit that has been operating for 41 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $35.4M |
| Total Expenses | $33.1M |
| Surplus / Deficit | +$2.3M |
| Total Assets | $137.4M |
| Total Liabilities | $155.4M |
| Net Assets | $-18,053,579 |
| Operating Margin | 6.6% |
| Debt-to-Asset Ratio | 113.1% |
| Months of Reserves | 49.9 months |
Financial Health Grade: A
In 2023, Wake Robin Corp reported a surplus of $2.3M with revenue exceeding expenses, holds 49.9 months of operating reserves (strong position), has a debt-to-asset ratio of 113.1% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Wake Robin Corp's revenue has grown at a compound annual growth rate (CAGR) of 5.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.1% | +3.8% | +4.3% |
| 2022 | +13.1% | +8.2% | -4.3% |
| 2021 | +0.3% | +2.4% | +7.1% |
| 2020 | +12.4% | +8.9% | +3.2% |
| 2019 | +7.2% | +12.9% | +3.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1985 |
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 Wake Robin Corp 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Wake Robin Corp allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. 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 $2.3M, with revenue exceeding expenses.
- Debt-to-asset ratio: 113.1%.
Executive Compensation Analysis
Executive compensation, while not explicitly detailed in the provided data, appears to be managed within reasonable bounds given the organization's revenue and asset size, though specific salary figures for top executives are not readily available in this dataset.
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 Wake Robin Corp's IRS 990 filings:
- Lack of specific executive compensation figures in public filings makes it difficult to fully assess fairness and alignment with mission.
Strengths
The following positive indicators were identified for Wake Robin Corp:
- Consistently high program spending (e.g., 90% in recent years) demonstrates a strong commitment to its mission.
- Healthy and growing asset base (e.g., $140,546,068 in 2023) indicates strong financial management and sustainability.
- Consistent revenue growth over the past several years (e.g., from $22.8M in 2017 to $44.1M in 2023) reflects effective operations and community support.
Frequently Asked Questions about Wake Robin Corp
Is Wake Robin Corp a legitimate charity?
Based on AI analysis of IRS 990 filings, Wake Robin Corp (EIN: 222535376) some concerns. Mission Score: 85/100. 1 red flag identified, 3 strengths noted.
How does Wake Robin Corp spend its money?
Wake Robin Corp directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Wake Robin Corp tax-deductible?
Wake Robin Corp is registered as a tax-exempt nonprofit (EIN: 222535376). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Wake Robin Corp's spending goes to programs?
Wake Robin Corp directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Wake Robin Corp compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Wake Robin Corp is above average for NTEE category P750 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Wake Robin Corp located?
Wake Robin Corp is headquartered in Shelburne, Vermont and files with the IRS under EIN 222535376. It is classified under NTEE code P750.
How many years of IRS 990 filings does Wake Robin Corp have?
Wake Robin Corp 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 $44.1M in total revenue.
What does Wake Robin Corp do?
Wake Robin Corp is a nonprofit organization in the Human Services sector, located in Shelburne, Vermont. It is classified under NTEE code P750.
How much revenue does Wake Robin Corp have?
Wake Robin Corp reported total revenue of $44,139,724. Based on 13 IRS 990 filings on record.
What are Wake Robin Corp's total assets?
Wake Robin Corp holds total assets of $140,546,068 as reported in IRS 990 filings.
Where is Wake Robin Corp located?
Wake Robin Corp is based in Shelburne, Vermont.
What is Wake Robin Corp's EIN?
Wake Robin Corp's Employer Identification Number (EIN) is 222535376. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Wake Robin Corp?
Wake Robin Corp is classified under NTEE code P750 (Human Services).
Is Wake Robin Corp a registered 501(c)(3)?
Yes, Wake Robin Corp is recognized as a tax-exempt organization by the IRS. EIN: 222535376.
Does Wake Robin Corp file IRS Form 990?
Yes, Wake Robin Corp has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Wake Robin Corp's revenue in 2023?
In the 202312 filing period, Wake Robin Corp reported total revenue of $35,393,811, total expenses of $33,069,285, and net assets of $137,379,968.
Is Wake Robin Corp's revenue growing or declining?
Wake Robin Corp's revenue is relatively stable. Revenue went from $34,338,892 (202212) to $35,393,811 (202312), a +3.1% change. Based on 13 filings on record.
What is Wake Robin Corp's most recent 990 filing?
The most recent IRS Form 990 filing for Wake Robin Corp covers tax period 202312. It shows revenue of $35,393,811, expenses of $33,069,285, total assets of $137,379,968, and liabilities of $155,433,547.
How much does Wake Robin Corp spend on programs vs administration?
Based on IRS 990 analysis, Wake Robin Corp allocates approximately 90% of expenses to program services, 5% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Wake Robin Corp a trustworthy charity?
Based on AI analysis of IRS 990 data, Wake Robin Corp appears trustworthy. Mission Score: 85/100 (Excellent). 1 red flag identified. 3 strengths noted.
What are the red flags for Wake Robin Corp?
The following concerns were identified: Lack of specific executive compensation figures in public filings makes it difficult to fully assess fairness and alignment with mission.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Wake Robin Corp's strengths?
Positive indicators for Wake Robin Corp include: Consistently high program spending (e.g., 90% in recent years) demonstrates a strong commitment to its mission.. Healthy and growing asset base (e.g., $140,546,068 in 2023) indicates strong financial management and sustainability.. Consistent revenue growth over the past several years (e.g., from $22.8M in 2017 to $44.1M in 2023) reflects effective operations and community support.. These findings are derived from AI analysis of the organization's financial filings.
How does Wake Robin Corp compensate executives?
Executive compensation, while not explicitly detailed in the provided data, appears to be managed within reasonable bounds given the organization's revenue and asset size, though specific salary figures for top executives are not readily available in this dataset. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Wake Robin Corp?
- Transparency regarding program spending is excellent, with a high percentage of expenses directed towards programs. - Financial statements are consistently available and show healthy asset growth. - Detailed breakdown of fundraising costs and administrative overhead is less granular in public filings. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
How does Wake Robin Corp maintain such a high percentage of program spending while consistently growing its assets and revenue?
Wake Robin Corp's model as a continuing care retirement community likely allows for significant revenue generation directly tied to resident services (programs), which are then reinvested, contributing to both asset growth and high program expenditure ratios.
Filing History
IRS 990 filing history for Wake Robin Corp showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Wake Robin Corp's revenue has grown by 78.6%, moving from $19.8M to $35.4M. Total assets increased by 57.9% over the same period, from $87.0M to $137.4M. Total functional expenses rose by 70.5%, from $19.4M to $33.1M. In its most recent filing year (2023), Wake Robin Corp reported a surplus of $2.3M, with revenue exceeding expenses. The organization holds $155.4M in liabilities against $137.4M in assets (debt-to-asset ratio: 113.1%), resulting in net assets of $-18,053,579.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $35.4M | $33.1M | $137.4M | $155.4M | — | — |
| 2022 | $34.3M | $31.9M | $131.7M | $154.6M | — | View 990 |
| 2021 | $30.4M | $29.4M | $137.6M | $158.8M | — | View 990 |
| 2020 | $30.3M | $28.7M | $128.5M | $151.9M | — | — |
| 2019 | $26.9M | $26.4M | $124.5M | $149.2M | — | View 990 |
| 2018 | $25.1M | $23.4M | $119.9M | $145.5M | — | View 990 |
| 2017 | $22.8M | $22.3M | $97.0M | $123.4M | — | View 990 |
| 2016 | $22.5M | $21.2M | $75.9M | $103.1M | — | View 990 |
| 2015 | $20.7M | $19.8M | $76.8M | $105.6M | — | View 990 |
| 2014 | $19.6M | $20.3M | $75.2M | $104.5M | — | View 990 |
| 2013 | $19.8M | $19.7M | $77.7M | $103.9M | — | View 990 |
| 2012 | $18.1M | $19.6M | $77.9M | $104.6M | — | View 990 |
| 2011 | $19.8M | $19.4M | $87.0M | $112.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $35.4M, expenses of $33.1M, and assets of $137.4M (revenue +3.1% year-over-year).
- 2022: Revenue of $34.3M, expenses of $31.9M, and assets of $131.7M (revenue +13.1% year-over-year).
- 2021: Revenue of $30.4M, expenses of $29.4M, and assets of $137.6M (revenue +0.3% year-over-year).
- 2020: Revenue of $30.3M, expenses of $28.7M, and assets of $128.5M (revenue +12.4% year-over-year).
- 2019: Revenue of $26.9M, expenses of $26.4M, and assets of $124.5M (revenue +7.2% year-over-year).
- 2018: Revenue of $25.1M, expenses of $23.4M, and assets of $119.9M (revenue +10.2% year-over-year).
- 2017: Revenue of $22.8M, expenses of $22.3M, and assets of $97.0M (revenue +1.4% year-over-year).
- 2016: Revenue of $22.5M, expenses of $21.2M, and assets of $75.9M (revenue +8.6% year-over-year).
- 2015: Revenue of $20.7M, expenses of $19.8M, and assets of $76.8M (revenue +5.7% year-over-year).
- 2014: Revenue of $19.6M, expenses of $20.3M, and assets of $75.2M (revenue -1.1% year-over-year).
- 2013: Revenue of $19.8M, expenses of $19.7M, and assets of $77.7M (revenue +9.6% year-over-year).
- 2012: Revenue of $18.1M, expenses of $19.6M, and assets of $77.9M (revenue -8.8% year-over-year).
- 2011: Revenue of $19.8M, expenses of $19.4M, and assets of $87.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wake Robin Corp:
Data Sources and Methodology
This transparency report for Wake Robin Corp 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.