Is Tbm 700 Owners And Pilots Association Inc Legit?
Quick charity verification for Tbm 700 Owners And Pilots Association Inc (EIN: 201618146)
Verdict: Tbm 700 Owners And Pilots Association Inc appears trustworthy
85/100Mission Score
$1.2MRevenue
$355KAssets
1Red Flags
5Strengths
Red Flags
Expenses exceeded revenue in the most recent filing period (2022), indicating a deficit for that year ($1,043,780 expenses vs. $890,451 revenue).
Strengths
Consistent reporting of 0% officer compensation across all 12 filings, indicating volunteer leadership.
Zero liabilities reported in all available filing periods, demonstrating strong financial management and no debt burden.
Consistent filing of IRS 990 forms over 12 periods, showing a commitment to transparency and accountability.
Generally stable revenue generation and asset accumulation over many years, indicating financial resilience.
Assets consistently exceed liabilities by a significant margin, providing a strong financial cushion.
Spending Breakdown
How Tbm 700 Owners And Pilots Association Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
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 Tbm 700 Owners And Pilots Association Inc
Is Tbm 700 Owners And Pilots Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Tbm 700 Owners And Pilots Association Inc (EIN: 201618146) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 5 strengths noted.
Is Tbm 700 Owners And Pilots Association Inc a good charity to donate to?
Tbm 700 Owners And Pilots Association Inc has a Mission Score of 85/100. Revenue: $1.2M. Assets: $355K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Tbm 700 Owners And Pilots Association Inc?
The Employer Identification Number (EIN) for Tbm 700 Owners And Pilots Association Inc is 201618146. 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 Tbm 700 Owners And Pilots Association Inc spend its money?
Tbm 700 Owners And Pilots Association Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Tbm 700 Owners And Pilots Association Inc's tax-exempt status?
You can verify Tbm 700 Owners And Pilots Association Inc's tax-exempt status using EIN 201618146 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
Tbm 700 Owners And Pilots Association Inc demonstrates a generally stable financial position, with revenues consistently exceeding expenses in most years, indicating sound operational management. For instance, in 2021, revenue was $825,918 against expenses of $762,163. However, the latest available data for 2022 shows expenses ($1,043,780) exceeding revenue ($890,451), resulting in a deficit for that period. The organization consistently reports zero liabilities and zero officer compensation, which are strong indicators of financial transparency and responsible governance. Their assets have fluctuated but remained substantial, peaking at $802,866 in 2019, though they decreased to $641,572 in 2022.
The organization's spending efficiency appears to be well-managed, particularly given the consistent reporting of no officer compensation, which suggests resources are directed towards the organization's mission rather than executive salaries. The absence of liabilities across all reported periods further reinforces a picture of fiscal prudence. While a detailed breakdown of program, administrative, and fundraising expenses isn't explicitly provided in the summary data, the overall financial health, marked by consistent revenue generation and asset accumulation over time, suggests a focus on its stated purpose.
Transparency is a significant strength, primarily due to the consistent reporting of zero liabilities and zero officer compensation across all available filings. This level of disclosure regarding executive pay and debt obligations is commendable and provides a clear picture of the organization's financial commitments and priorities. The consistent filing of IRS 990 forms over 12 periods also demonstrates a commitment to public accountability.