Quick charity verification for Trinity Homes For Elderly Inc (EIN: 200508924)
Verdict: Trinity Homes For Elderly Inc shows mixed signals
40/100Mission Score
$296KRevenue
$2.2MAssets
4Red Flags
1Strengths
Red Flags
Consistent operational deficits (expenses exceeding revenue in all periods, e.g., $402,442 expenses vs. $281,512 revenue in 202403).
Declining asset base over time (from $2,926,770 in 201503 to $2,286,690 in 202403).
Liabilities significantly exceed assets, indicating a negative net asset position and potential solvency issues (e.g., $3,439,707 liabilities vs. $2,286,690 assets in 202403).
Lack of detailed expense breakdown (program, admin, fundraising) in the provided data makes it difficult to assess spending efficiency.
Strengths
Reported 0% officer compensation across all filings, suggesting low executive overhead.
Spending Breakdown
How Trinity Homes For Elderly Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
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 Trinity Homes For Elderly Inc
Is Trinity Homes For Elderly Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Trinity Homes For Elderly Inc (EIN: 200508924) shows mixed signals. Mission Score: 40/100. 4 red flags identified, 1 strength noted.
Is Trinity Homes For Elderly Inc a good charity to donate to?
Trinity Homes For Elderly Inc has a Mission Score of 40/100. Revenue: $296K. Assets: $2.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Trinity Homes For Elderly Inc?
The Employer Identification Number (EIN) for Trinity Homes For Elderly Inc is 200508924. 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 Trinity Homes For Elderly Inc spend its money?
Trinity Homes For Elderly Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Trinity Homes For Elderly Inc's tax-exempt status?
You can verify Trinity Homes For Elderly Inc's tax-exempt status using EIN 200508924 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
Trinity Homes For Elderly Inc appears to be in a challenging financial position, consistently operating at a deficit over the past several years. In the latest period (202403), expenses of $402,442 significantly outstripped revenue of $281,512, resulting in a net loss. This trend is not isolated, as the organization has reported expenses exceeding revenue in every available filing period, indicating a structural imbalance.
The organization's assets have also shown a consistent decline, from $2,926,770 in 201503 to $2,286,690 in 202403. Concurrently, liabilities have remained high, hovering around $3.3-$3.4 million, and in the latest period, liabilities ($3,439,707) significantly exceed assets, suggesting potential solvency concerns. The consistent negative net income and declining asset base are significant red flags regarding long-term financial sustainability.
Regarding transparency and spending efficiency, the provided data indicates 0% officer compensation across all periods, which is a positive sign for minimizing administrative overhead related to executive pay. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories, a precise assessment of spending efficiency is limited. The consistent operational losses, however, suggest that overall spending is not aligned with revenue generation.