Quick charity verification for Thoroughbred Retirement Foundation (EIN: 133132741)
Verdict: Thoroughbred Retirement Foundation appears trustworthy
88/100Mission Score
$5.8MRevenue
$14.3MAssets
2Red Flags
5Strengths
Red Flags
Expenses exceeded revenue in multiple years (e.g., 2022, 2019, 2018, 2017, 2015, 2014), indicating periods of deficit spending.
The consistent 0% officer compensation is highly unusual for an organization of this size and could warrant further investigation into how leadership is supported or structured.
Strengths
Consistently reports 0% officer compensation, indicating a strong commitment to directing funds towards its mission.
Significant reduction in liabilities from $2,828,459 in 2015 to $240,793 in 2023, improving financial health.
Maintains a stable asset base, consistently above $9 million over the past decade, demonstrating long-term financial resilience.
Positive revenue growth in the most recent filing (2023), with revenue exceeding expenses by over $500,000.
Consistent filing of IRS Form 990s over 13 periods, demonstrating transparency and accountability.
Spending Breakdown
How Thoroughbred Retirement Foundation allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
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 Thoroughbred Retirement Foundation
Is Thoroughbred Retirement Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Thoroughbred Retirement Foundation (EIN: 133132741) appears trustworthy. Mission Score: 88/100. 2 red flags identified, 5 strengths noted.
Is Thoroughbred Retirement Foundation a good charity to donate to?
Thoroughbred Retirement Foundation has a Mission Score of 88/100. Revenue: $5.8M. Assets: $14.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Thoroughbred Retirement Foundation?
The Employer Identification Number (EIN) for Thoroughbred Retirement Foundation is 133132741. 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 Thoroughbred Retirement Foundation spend its money?
Thoroughbred Retirement Foundation allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Thoroughbred Retirement Foundation's tax-exempt status?
You can verify Thoroughbred Retirement Foundation's tax-exempt status using EIN 133132741 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
The Thoroughbred Retirement Foundation (TRF) demonstrates a generally stable financial position with assets consistently above $9 million over the past decade, reaching $11.56 million in 2023. The organization has shown a positive trend in revenue and expenses in its most recent filing (2023), with revenue of $2,962,392 exceeding expenses of $2,401,434, indicating sound financial management for the period. However, prior years, such as 2022 and 2019, showed expenses exceeding revenue, suggesting some variability in annual financial performance.
Spending efficiency appears to be a strength, particularly given the consistent reporting of 0% officer compensation across all available filings, which is a strong indicator of resource allocation towards its mission rather than executive salaries. While a detailed breakdown of program, administrative, and fundraising expenses is not provided in the summary data, the absence of officer compensation suggests a lean operational structure. The organization's liabilities have also significantly decreased from a high of $2,828,459 in 2015 to $240,793 in 2023, improving its financial health and reducing long-term obligations.
Transparency is high regarding executive compensation, as no officer compensation is reported. The consistent filing of IRS Form 990s over 13 periods further demonstrates a commitment to public accountability. The NTEE code D200 (Animal Protection & Welfare) aligns well with the organization's name and implied mission, suggesting a clear programmatic focus. Overall, TRF appears to be a financially responsible organization with a strong commitment to its mission and transparent financial practices, particularly concerning executive pay.