Is Terryville Retirement Community Corporattion Legit?
Quick charity verification for Terryville Retirement Community Corporattion (EIN: 222596548)
Verdict: Terryville Retirement Community Corporattion shows mixed signals
65/100Mission Score
$335KRevenue
$1.1MAssets
3Red Flags
3Strengths
Red Flags
Total assets have shown a consistent decline from $1,537,758 in 2016 to $1,050,399 in 2023, indicating potential long-term financial strain or asset depreciation.
Expenses consistently exceed revenue in most years (e.g., 2023: revenue $305,208 vs. expenses $374,034), suggesting an operational deficit covered by existing assets or other funding sources.
The organization's liabilities are consistently high relative to its assets, with liabilities often exceeding assets (e.g., 2023: assets $1,105,517 vs. liabilities $2,171,471), indicating a potentially leveraged financial position.
Strengths
Consistent revenue generation over the past several years, demonstrating a stable income stream.
Long operational history with consistent financial filings, suggesting established processes and governance.
Maintains a significant asset base, despite recent declines, providing some financial cushion.
Spending Breakdown
How Terryville Retirement Community Corporattion allocates its funds across programs, administration, and fundraising.
60%
Program Spending
Below average — room for improvement
30%
Admin Costs
High — over 25% on administration
10%
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 Terryville Retirement Community Corporattion
Is Terryville Retirement Community Corporattion a legitimate charity?
Based on AI analysis of IRS 990 filings, Terryville Retirement Community Corporattion (EIN: 222596548) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
Is Terryville Retirement Community Corporattion a good charity to donate to?
Terryville Retirement Community Corporattion has a Mission Score of 65/100. Revenue: $335K. Assets: $1.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Terryville Retirement Community Corporattion?
The Employer Identification Number (EIN) for Terryville Retirement Community Corporattion is 222596548. 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 Terryville Retirement Community Corporattion spend its money?
Terryville Retirement Community Corporattion allocates 60% to programs, 30% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Terryville Retirement Community Corporattion's tax-exempt status?
You can verify Terryville Retirement Community Corporattion's tax-exempt status using EIN 222596548 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
Terryville Retirement Community Corporattion is a unknown nonprofit based in Terryville, Connecticut, with reported revenue of $335K and assets of $1.1M. Our AI analysis assigns a Mission Score of 65/100 (Good). Approximately 60% of spending goes to programs, 30% to administration, and 10% to fundraising. • Financial filings are consistently available and provide detailed breakdowns of revenue and expenses.
• The organization's 990 forms clearly delineate program service expenses versus administrative and fundraising costs.
• No specific transparency report or impact report beyond standard financial disclosures was readily available. Executive compensation is not explicitly detailed in the provided data, but given the organization's size and revenue, it is likely a significant component of administrative expenses. Revenue has remained stable +4% across 13 filing periods.