Quick charity verification for Tbac Wind Down Ltd (EIN: 132906037)
Verdict: Tbac Wind Down Ltd has notable concerns
20/100Mission Score
$0Revenue
$0Assets
3Red Flags
1Strengths
Red Flags
Current $0 revenue and assets indicate cessation of operations.
Consistent net losses in multiple active years (e.g., $1.07M in 2016, $1.67M in 2014).
Liabilities consistently exceeded assets in later active years, indicating potential insolvency.
Strengths
No reported officer compensation, suggesting a potentially volunteer-driven leadership or efficient use of funds in that area during its active period.
Spending Breakdown
How Tbac Wind Down Ltd allocates its funds across programs, administration, and fundraising.
0%
Program Spending
Concerning — less than half to programs
0%
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 Tbac Wind Down Ltd
Is Tbac Wind Down Ltd a legitimate charity?
Based on AI analysis of IRS 990 filings, Tbac Wind Down Ltd (EIN: 132906037) has notable concerns. Mission Score: 20/100. 3 red flags identified, 1 strength noted.
Is Tbac Wind Down Ltd a good charity to donate to?
Tbac Wind Down Ltd has a Mission Score of 20/100. Revenue: $0. Assets: $0. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Tbac Wind Down Ltd?
The Employer Identification Number (EIN) for Tbac Wind Down Ltd is 132906037. 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 Tbac Wind Down Ltd spend its money?
Tbac Wind Down Ltd allocates 0% to programs, 0% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Tbac Wind Down Ltd's tax-exempt status?
You can verify Tbac Wind Down Ltd's tax-exempt status using EIN 132906037 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
Tbac Wind Down Ltd appears to be in the process of winding down its operations, as indicated by its current revenue and assets of $0. Historically, the organization operated with significant revenue, averaging around $18-19 million annually between 2011 and 2016. During this period, expenses often exceeded revenue, leading to net losses in several years, such as a $1.07 million loss in 2016 and a $1.67 million loss in 2014. The organization's liabilities consistently exceeded its assets in its later operational years, for example, liabilities of $6.39 million against assets of $4.28 million in 2016, suggesting potential financial distress or a planned liquidation. The lack of officer compensation reported across all filings indicates either a volunteer-led structure or that compensation was not reported in a manner captured by this metric, which could impact transparency assessment if key personnel were compensated through other means. The current $0 revenue and assets strongly suggest the organization is no longer actively operating or has completed its wind-down process.