Zero liabilities reported, signifying a debt-free operation.
Expenses consistently below revenue in most periods, leading to surpluses.
Regular and consistent IRS 990 filing history, indicating transparency.
Spending Breakdown
How Connecticut Hospitality Educational Association Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
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 Connecticut Hospitality Educational Association Inc
Is Connecticut Hospitality Educational Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Connecticut Hospitality Educational Association Inc (EIN: 100000594) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
Is Connecticut Hospitality Educational Association Inc a good charity to donate to?
Connecticut Hospitality Educational Association Inc has a Mission Score of 90/100. Revenue: $116K. Assets: $246K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Connecticut Hospitality Educational Association Inc?
The Employer Identification Number (EIN) for Connecticut Hospitality Educational Association Inc is 100000594. 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 Connecticut Hospitality Educational Association Inc spend its money?
Connecticut Hospitality Educational Association Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Connecticut Hospitality Educational Association Inc's tax-exempt status?
You can verify Connecticut Hospitality Educational Association Inc's tax-exempt status using EIN 100000594 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 Connecticut Hospitality Educational Association Inc. demonstrates consistent financial health with a positive trend in assets and revenue over the past several years, particularly noting a significant revenue spike in 2021 to $609,690. The organization consistently reports zero liabilities, indicating strong financial management and a lack of debt. Their officer compensation has been reported as 0% across all available filings, which is a strong indicator of volunteer leadership and a commitment to directing funds towards their mission. While specific breakdowns of program, administrative, and fundraising expenses are not explicitly detailed in the provided summary, the overall financial picture suggests a lean operational model.
The organization's spending efficiency appears robust, with expenses generally well below revenue, allowing for asset growth. For instance, in 2023, revenue was $141,280 against expenses of $95,113, resulting in a surplus that contributed to asset growth from $219,203 to $265,370. The absence of officer compensation further enhances their efficiency by minimizing overhead related to executive salaries. The consistent filing of IRS 990 forms over 13 periods indicates a commitment to regulatory compliance and transparency.
Overall, the Connecticut Hospitality Educational Association Inc. appears to be a financially sound and well-managed organization. Their consistent asset growth, lack of liabilities, and zero officer compensation suggest a high degree of financial prudence and a strong focus on their educational mission within the hospitality sector. The significant revenue fluctuations, while not necessarily a red flag, suggest a reliance on varying funding streams or event-based income, which is common for smaller educational associations.