Quick charity verification for Cold Finished Steel Bar Institute Nfp (EIN: 202683139)
Verdict: Cold Finished Steel Bar Institute Nfp shows mixed signals
45/100Mission Score
$109KRevenue
$10KAssets
3Red Flags
3Strengths
Red Flags
Consistent operating deficits: Expenses have exceeded revenue in 8 of the last 10 reported periods.
Rapid decline in assets: Assets have fallen from $313,402 in 2016 to $10,404 currently.
Latest revenue ($109,000) is significantly lower than latest expenses ($154,591 in 2023), indicating ongoing financial strain.
Strengths
No reported officer compensation, indicating efficient use of funds at the executive level.
No reported liabilities, suggesting a clean balance sheet despite operational challenges.
Consistent filing of IRS 990 forms, demonstrating transparency in financial reporting.
Spending Breakdown
How Cold Finished Steel Bar Institute Nfp allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
20%
Admin Costs
Reasonable — admin costs in check
10%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Cold Finished Steel Bar Institute Nfp
Is Cold Finished Steel Bar Institute Nfp a legitimate charity?
Based on AI analysis of IRS 990 filings, Cold Finished Steel Bar Institute Nfp (EIN: 202683139) shows mixed signals. Mission Score: 45/100. 3 red flags identified, 3 strengths noted.
Is Cold Finished Steel Bar Institute Nfp a good charity to donate to?
Cold Finished Steel Bar Institute Nfp has a Mission Score of 45/100. Revenue: $109K. Assets: $10K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Cold Finished Steel Bar Institute Nfp?
The Employer Identification Number (EIN) for Cold Finished Steel Bar Institute Nfp is 202683139. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Cold Finished Steel Bar Institute Nfp spend its money?
Cold Finished Steel Bar Institute Nfp allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Cold Finished Steel Bar Institute Nfp's tax-exempt status?
You can verify Cold Finished Steel Bar Institute Nfp's tax-exempt status using EIN 202683139 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
The Cold Finished Steel Bar Institute Nfp appears to be a small trade association, as indicated by its NTEE code S40 (Business & Commerce Organizations). Its financial health shows a concerning trend of consistent operating deficits in recent years. For instance, in 2023, expenses of $154,591 significantly outstripped revenue of $110,500, leading to a deficit of over $44,000. This pattern is visible across most recent filings, with expenses exceeding revenue in 8 out of the last 10 reported periods. This has led to a substantial decline in assets, from a peak of $313,402 in 2016 to just $50,591 in 2023, and further down to $10,404 in the latest available data. While the organization reports no liabilities, the rapid depletion of assets due to ongoing deficits raises questions about its long-term financial sustainability.
Regarding spending efficiency, without a detailed breakdown of program versus administrative expenses in the provided data, it's challenging to fully assess. However, the consistent operational losses suggest that current revenue streams are insufficient to cover its operational costs. The absence of reported officer compensation indicates that executive pay is not a drain on resources, which is a positive sign for a small organization. Transparency appears adequate given the availability of multiple IRS 990 filings, showing consistent reporting.
Overall, the organization faces significant financial challenges due to its inability to generate sufficient revenue to cover expenses. While it maintains a clean balance sheet with no liabilities and no officer compensation, the declining asset base is a critical concern that needs to be addressed to ensure its continued operation.