Is Niagara Tobacco Asset Securitization…

Quick charity verification for Niagara Tobacco Asset Securitization Corp (EIN: 161594402)

Spending Breakdown

How Niagara Tobacco Asset Securitization Corp allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

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 Niagara Tobacco Asset Securitization Corp

Is Niagara Tobacco Asset Securitization Corp a legitimate charity?

Based on AI analysis of IRS 990 filings, Niagara Tobacco Asset Securitization Corp (EIN: 161594402) shows mixed signals. Mission Score: 65/100. 2 red flags identified, 3 strengths noted.

Is Niagara Tobacco Asset Securitization Corp a good charity to donate to?

Niagara Tobacco Asset Securitization Corp has a Mission Score of 65/100. Revenue: $2.8M. Assets: $6.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Niagara Tobacco Asset Securitization Corp?

The Employer Identification Number (EIN) for Niagara Tobacco Asset Securitization Corp is 161594402. 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 Niagara Tobacco Asset Securitization Corp spend its money?

Niagara Tobacco Asset Securitization Corp allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Niagara Tobacco Asset Securitization Corp's tax-exempt status?

You can verify Niagara Tobacco Asset Securitization Corp's tax-exempt status using EIN 161594402 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

Niagara Tobacco Asset Securitization Corp (NTASC) appears to be a quasi-governmental entity rather than a traditional nonprofit, as indicated by its NTEE code (W20 - Government & Public Administration) and its financial structure. Its primary function seems to be managing tobacco settlement revenues and related debt, rather than delivering direct charitable programs. The organization consistently reports zero officer compensation across all available filings, which is a positive indicator of fiscal responsibility regarding executive pay. However, its substantial and growing liabilities, reaching $59,088,256 in 2023 against assets of $7,192,263, suggest a highly leveraged financial position. While this might be typical for a securitization vehicle, it's a critical aspect for understanding its financial health. The consistent revenue generation, averaging over $3 million annually, indicates a stable income stream for its operational purpose.

Spending efficiency is difficult to assess in a traditional nonprofit sense, as the organization's 'expenses' likely relate to debt service, administrative costs associated with managing the securitization, and potentially distributions to the county. Without a detailed breakdown of program service expenses versus administrative and fundraising costs, a true efficiency ratio for charitable impact cannot be calculated. Given its nature, the organization's 'program' is essentially the management of the securitized assets and liabilities. The consistent reporting of financial data over 13 periods demonstrates a commitment to transparency in its financial operations, even if the underlying purpose is not direct public service.

Overall, NTASC exhibits stable revenue and consistent financial reporting. Its financial health is characterized by significant liabilities inherent to its securitization model. The absence of officer compensation is a notable strength. However, its unique structure means traditional nonprofit financial metrics for program efficiency and charitable impact are not directly applicable, requiring a different lens for evaluation.

Is Niagara Tobacco Asset Securitization Corp Legit?

Verdict: Niagara Tobacco Asset Securitization Corp shows mixed signals

Red Flags

Strengths