Is New York State Motor Truck Association Inc Legit?
Quick charity verification for New York State Motor Truck Association Inc (EIN: 132605838)
Verdict: New York State Motor Truck Association Inc appears trustworthy
70/100Mission Score
$71.1MRevenue
$46.4MAssets
3Red Flags
3Strengths
Red Flags
Consistent operating deficits in recent years (2022 and 2023), with expenses exceeding revenue.
Unexplained 0% officer compensation for an organization of this size and revenue.
Significant revenue volatility, particularly the large spike in 2018, without clear explanation in the provided data.
Strengths
Strong and consistent growth in assets, reaching over $42 million in 2023.
Low liabilities relative to assets, indicating good financial solvency.
Consistent filing of IRS Form 990s, demonstrating transparency in reporting.
Spending Breakdown
How New York State Motor Truck Association Inc 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 New York State Motor Truck Association Inc
Is New York State Motor Truck Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, New York State Motor Truck Association Inc (EIN: 132605838) appears trustworthy. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
Is New York State Motor Truck Association Inc a good charity to donate to?
New York State Motor Truck Association Inc has a Mission Score of 70/100. Revenue: $71.1M. Assets: $46.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for New York State Motor Truck Association Inc?
The Employer Identification Number (EIN) for New York State Motor Truck Association Inc is 132605838. 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 New York State Motor Truck Association Inc spend its money?
New York State Motor Truck Association Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify New York State Motor Truck Association Inc's tax-exempt status?
You can verify New York State Motor Truck Association Inc's tax-exempt status using EIN 132605838 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 New York State Motor Truck Association Inc. demonstrates a mixed financial picture. While the organization has reported significant revenue fluctuations, including a peak of $29,527,996 in 2018, its more recent revenues have been in the $1.5M - $3.3M range. In 2023, the organization reported expenses exceeding revenue ($2,362,618 vs. $1,974,059), indicating a deficit for that period. However, its asset base has shown consistent growth, reaching $42,188,126 in 2023, suggesting a strong financial foundation built over time.
The organization's spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses within the provided data. However, the consistent reporting of 0% officer compensation across all available filings is a positive indicator of fiscal responsibility and potentially lower administrative overhead related to executive pay. The organization's liabilities remain relatively low compared to its assets, indicating good financial management in terms of debt.
Regarding transparency, the consistent filing of IRS Form 990s over 13 periods is a strong positive. The absence of reported officer compensation is also a transparent disclosure. However, without more granular expense data (e.g., specific program service accomplishments and related expenses), a complete assessment of program efficiency and overall spending allocation is challenging. The significant revenue spike in 2018, followed by a return to lower levels, warrants further investigation to understand its nature and impact on the organization's long-term financial strategy.