Is Tbi Residential Services Inc Legit?

Tbi Residential Services Inc demonstrates consistent financial activity, with revenues generally exceeding expenses over the past decade, contributing to a steady growth in assets. For instance, in 2023, revenue was $1,615,631 against expenses of $1,584,303, resulting in a surplus. The organization's assets have grown from $1,547,966 in 2014 to $3,476,576 in 2023, indicating sound financial management and accumulation of resources. Liabilities have fluctuated but remain manageable relative to assets. The organization's spending efficiency appears strong, particularly given the consistent surpluses and asset growth. The absence of reported officer compensation across all available filings suggests a lean operational structure at the executive level, which can contribute to a higher proportion of funds being directed towards programmatic activities. This is a positive indicator for donors concerned about administrative overhead. Transparency is high due to the consistent filing of IRS Form 990s over 14 periods, providing a comprehensive financial history. The lack of reported officer compensation also enhances transparency by showing that executive leadership is not drawing salaries from the organization, which is a significant factor for many evaluators. Overall, Tbi Residential Services Inc appears to be a financially stable and efficiently managed nonprofit.