Is Technical Association Of The Pulp & Paper Industry Inc Legit?
Quick charity verification for Technical Association Of The Pulp & Paper Industry Inc (EIN: 131370140)
Verdict: Technical Association Of The Pulp & Paper Industry Inc appears trustworthy
85/100Mission Score
$17.7MRevenue
$33.4MAssets
1Red Flags
4Strengths
Red Flags
Consistent 0% reported officer compensation, which is highly unusual for an organization of this scale and warrants further investigation into how executive leadership is compensated or structured.
Strengths
Consistent asset growth, increasing from $15.3 million in 2014 to $28.7 million in 2023, indicating strong financial management and stability.
Generally positive net income in most years, such as a $718,623 surplus in 2023 ($12.1M revenue - $11.4M expenses), contributing to asset accumulation.
Manageable liabilities relative to assets, with liabilities of $6.2 million against assets of $28.7 million in 2023, indicating a healthy balance sheet.
Strong revenue rebound in 2023 to $12.1 million after a dip in 2022, demonstrating resilience and adaptability.
AI Transparency Report
The Technical Association Of The Pulp & Paper Industry Inc (TAPPI) demonstrates generally stable financial health, with assets consistently growing over the past decade, from $15.3 million in 2014 to $28.7 million in 2023. Revenue has fluctuated, with a notable dip in 2022 ($7.8 million) followed by a strong rebound in 2023 ($12.1 million). The organization consistently reports zero officer compensation, which is a significant indicator of transparency and potentially efficient use of funds, as it suggests that top leadership is either volunteer-based or compensated through other means not categorized as 'officer compensation' on the 990, warranting further investigation. The organization's liabilities have remained manageable relative to its assets, indicating a healthy balance sheet. Overall, TAPPI appears to be a financially sound organization with a commitment to transparency regarding executive pay.