Is Finishing Trades Institute Of North California And Nevada Trust Legit?
Quick charity verification for Finishing Trades Institute Of North California And Nevada Trust (EIN: 113785631)
Verdict: Finishing Trades Institute Of North California And Nevada Trust appears trustworthy
92/100Mission Score
$24.7MRevenue
$47.1MAssets
2Red Flags
4Strengths
Red Flags
Unusually high liabilities in the latest filing ($8,036,340 in 2023 compared to $492,939 in 2022)
Consistent reporting of 0% officer compensation for a large organization, potentially obscuring true administrative costs.
Strengths
Strong and consistent revenue growth over the past decade, from $4.1M in 2014 to $15.2M in 2023.
Significant asset growth, increasing from $5.5M in 2014 to $43M in 2023, indicating sound financial management.
High program spending ratio, with a large majority of expenses directed towards its mission.
Consistent operational surpluses in most years, contributing to financial stability.
Spending Breakdown
How Finishing Trades Institute Of North California And Nevada Trust allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
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 Finishing Trades Institute Of North California And Nevada Trust
Is Finishing Trades Institute Of North California And Nevada Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, Finishing Trades Institute Of North California And Nevada Trust (EIN: 113785631) appears trustworthy. Mission Score: 92/100. 2 red flags identified, 4 strengths noted.
Is Finishing Trades Institute Of North California And Nevada Trust a good charity to donate to?
Finishing Trades Institute Of North California And Nevada Trust has a Mission Score of 92/100. Revenue: $24.7M. Assets: $47.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Finishing Trades Institute Of North California And Nevada Trust?
The Employer Identification Number (EIN) for Finishing Trades Institute Of North California And Nevada Trust is 113785631. 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 Finishing Trades Institute Of North California And Nevada Trust spend its money?
Finishing Trades Institute Of North California And Nevada Trust allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Finishing Trades Institute Of North California And Nevada Trust's tax-exempt status?
You can verify Finishing Trades Institute Of North California And Nevada Trust's tax-exempt status using EIN 113785631 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 Finishing Trades Institute Of North California And Nevada Trust demonstrates strong financial health and a clear commitment to its programmatic mission. Over the past decade, the organization has shown consistent growth in both revenue and assets, with revenue increasing from $4.1 million in 2014 to $15.2 million in 2023. This growth has been managed efficiently, as evidenced by a healthy surplus in most years, contributing to a substantial increase in assets from $5.5 million to $43 million over the same period. The organization's liabilities have remained relatively low compared to its assets, though there was a notable increase in liabilities in 2023 to $8 million, which warrants monitoring.
Spending efficiency appears to be a core strength, with a significant portion of expenses directed towards programs. The absence of reported officer compensation across all available filings suggests that leadership is either unpaid or compensated through other means not categorized as officer compensation, which could indicate a highly volunteer-driven or lean administrative structure. This practice, while potentially beneficial for program spending, could also raise questions about the full scope of administrative costs if compensation is simply reclassified.
Overall, the organization exhibits good financial stewardship and a strong focus on its mission, as indicated by its consistent operational surpluses and asset growth. The lack of reported officer compensation is a unique characteristic that contributes to a high program spending ratio, but also suggests a need for deeper understanding of how administrative functions are supported. The substantial increase in assets and revenue over time points to a well-managed and growing entity.