Wesleyan Homes Of Tennessee Inc
Wesleyan Homes Of Tennessee Inc. reports $0 revenue and assets in its latest filing, following years of operating deficits and high liabilities.
EIN: 203533871 · Shelton, CT · Updated: 2026-03-28
Is Wesleyan Homes Of Tennessee Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Wesleyan Homes Of Tennessee Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Wesleyan Homes Of Tennessee Inc
Wesleyan Homes Of Tennessee Inc (EIN: 203533871) is a nonprofit organization based in Shelton, CT. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wesleyan Homes Of Tennessee Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wesleyan Homes Of Tennessee Inc is a mid-size nonprofit, with 7 years of IRS 990 filings on record (2011–2017). Revenue has grown at a compound annual rate of 14.9%.
Key Financial Metrics (2017)
From the most recent IRS 990 filing on record:
| Total Revenue | $8.6M |
| Total Expenses | $1.8M |
| Surplus / Deficit | +$6.9M |
| Total Assets | $177K |
| Total Liabilities | $186K |
| Net Assets | $-9,054 |
| Operating Margin | 79.7% |
| Debt-to-Asset Ratio | 105.1% |
| Months of Reserves | 1.2 months |
Financial Health Grade: B
In 2017, Wesleyan Homes Of Tennessee Inc reported a surplus of $6.9M with revenue exceeding expenses, holds 1.2 months of operating reserves (limited), has a debt-to-asset ratio of 105.1% (high leverage).
Financial Trends
Over 7 years of filings (2011–2017), Wesleyan Homes Of Tennessee Inc's revenue has grown at a compound annual growth rate (CAGR) of 14.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2017 | +87.8% | -65.2% | -95.3% |
| 2016 | +6.9% | +0.9% | -5.4% |
| 2015 | -0.9% | +4.3% | -9.4% |
| 2014 | +9.0% | +1.2% | -2.6% |
| 2013 | +1.9% | +14.7% | +11.5% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Wesleyan Homes Of Tennessee Inc with a Mission Score of 35 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Wesleyan Homes Of Tennessee Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2017)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $6.9M, with revenue exceeding expenses.
- Debt-to-asset ratio: 105.1%.
Executive Compensation Analysis
No officer compensation was reported across all available filing periods, suggesting a volunteer-led organization or that executive compensation is not disclosed in the provided data, which could be a positive for efficiency if truly volunteer-based, but also a point of inquiry for transparency if compensation exists but is not reported.
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 Wesleyan Homes Of Tennessee Inc's IRS 990 filings:
- Latest filing shows $0 revenue and $0 assets, indicating potential dormancy or cessation of operations.
- Consistent operating deficits across multiple years (e.g., expenses exceeded revenue in 6 out of 7 filings).
- Liabilities consistently and significantly exceed assets (e.g., $10,713,218 liabilities vs. $3,792,942 assets in 201609), raising solvency concerns.
- Unknown NTEE code hinders proper classification and comparative analysis of the organization's mission and efficiency.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided data makes it difficult to assess spending efficiency.
Strengths
The following positive indicators were identified for Wesleyan Homes Of Tennessee Inc:
- No reported officer compensation, which could indicate a highly efficient, volunteer-driven leadership structure if accurate.
Frequently Asked Questions about Wesleyan Homes Of Tennessee Inc
Is Wesleyan Homes Of Tennessee Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Wesleyan Homes Of Tennessee Inc (EIN: 203533871) significant concerns. Mission Score: 35/100. 5 red flags identified, 1 strength noted.
How does Wesleyan Homes Of Tennessee Inc spend its money?
Wesleyan Homes Of Tennessee Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Wesleyan Homes Of Tennessee Inc tax-deductible?
Wesleyan Homes Of Tennessee Inc is registered as a tax-exempt nonprofit (EIN: 203533871). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What is the current operational status of Wesleyan Homes Of Tennessee Inc., given the $0 revenue and assets in the latest filing?
The latest filing data suggests the organization may be dormant or has ceased operations, as both revenue and assets are reported as $0. Further investigation into their current activities would be necessary.
How does Wesleyan Homes Of Tennessee Inc. manage its significant liabilities, which consistently exceed assets?
The organization has consistently reported liabilities significantly higher than its assets, for example, $10,713,218 in liabilities against $3,792,942 in assets in 201609. This indicates a reliance on debt or other non-asset-backed funding, raising concerns about long-term financial stability.
Why is the NTEE code for Wesleyan Homes Of Tennessee Inc. unknown, and how does this impact understanding its mission and efficiency?
An unknown NTEE code makes it difficult to categorize the organization's specific mission and compare its financial performance and spending efficiency against peer organizations in the same sector.
What is the breakdown of expenses (program, administrative, fundraising) for Wesleyan Homes Of Tennessee Inc., given the consistent operating deficits?
While specific breakdowns are not provided in the summary data, the consistent operating deficits (e.g., $5,028,811 expenses vs. $4,603,726 revenue in 201609) suggest that overall spending, regardless of category, has outpaced income for several years.
Is the absence of reported officer compensation indicative of a fully volunteer-run organization, or is compensation reported elsewhere?
The consistent reporting of 0% officer compensation across all filings suggests it might be volunteer-led. However, without further detail, it's also possible compensation is structured or reported in a way not captured by this specific metric, warranting further inquiry for full transparency.
Filing History
IRS 990 filing history for Wesleyan Homes Of Tennessee Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2011–2017), Wesleyan Homes Of Tennessee Inc's revenue has grown by 130.1%, moving from $3.8M to $8.6M. Total assets decreased by 95.6% over the same period, from $4.0M to $177K. Total functional expenses fell by 58.8%, from $4.2M to $1.8M. In its most recent filing year (2017), Wesleyan Homes Of Tennessee Inc reported a surplus of $6.9M, with revenue exceeding expenses. The organization holds $186K in liabilities against $177K in assets (debt-to-asset ratio: 105.1%), resulting in net assets of $-9,054.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2017 | $8.6M | $1.8M | $177K | $186K | — | View 990 |
| 2016 | $4.6M | $5.0M | $3.8M | $10.7M | — | View 990 |
| 2015 | $4.3M | $5.0M | $4.0M | $10.5M | — | View 990 |
| 2014 | $4.3M | $4.8M | $4.4M | $10.2M | — | View 990 |
| 2013 | $4.0M | $4.7M | $4.5M | $9.9M | — | View 990 |
| 2012 | $3.9M | $4.1M | $4.1M | $8.5M | — | View 990 |
| 2011 | $3.8M | $4.2M | $4.0M | $8.3M | — | View 990 |
Year-by-Year Financial Summary
- 2017: Revenue of $8.6M, expenses of $1.8M, and assets of $177K (revenue +87.8% year-over-year).
- 2016: Revenue of $4.6M, expenses of $5.0M, and assets of $3.8M (revenue +6.9% year-over-year).
- 2015: Revenue of $4.3M, expenses of $5.0M, and assets of $4.0M (revenue -0.9% year-over-year).
- 2014: Revenue of $4.3M, expenses of $4.8M, and assets of $4.4M (revenue +9.0% year-over-year).
- 2013: Revenue of $4.0M, expenses of $4.7M, and assets of $4.5M (revenue +1.9% year-over-year).
- 2012: Revenue of $3.9M, expenses of $4.1M, and assets of $4.1M (revenue +4.1% year-over-year).
- 2011: Revenue of $3.8M, expenses of $4.2M, and assets of $4.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wesleyan Homes Of Tennessee Inc:
Data Sources and Methodology
This transparency report for Wesleyan Homes Of Tennessee 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.