1455 Washington Connecticut Inc
1455 Washington Connecticut Inc consistently operates at a deficit, spending more than it earns annually, despite maintaining substantial assets.
EIN: 204635136 · Chicago, IL · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $6.4M |
| Net Assets | $23.2M |
| Transparency Score | 40/100 |
Is 1455 Washington Connecticut Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About 1455 Washington Connecticut Inc
1455 Washington Connecticut Inc (EIN: 204635136) is a nonprofit organization based in Chicago, IL. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of 1455 Washington Connecticut Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
1455 Washington Connecticut Inc is a mid-size nonprofit, with 5 years of IRS 990 filings on record (2011–2015). Revenue has grown at a compound annual rate of 2.9%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.3M |
| Total Expenses | $6.4M |
| Surplus / Deficit | $-1,078,166 |
| Total Assets | $63.3M |
| Total Liabilities | $40.0M |
| Net Assets | $23.2M |
| Operating Margin | -20.2% |
| Debt-to-Asset Ratio | 63.3% |
| Months of Reserves | 118.1 months |
Financial Health Grade: C
In 2015, 1455 Washington Connecticut Inc reported a deficit of $1.1M with expenses exceeding revenue, holds 118.1 months of operating reserves (strong position), has a debt-to-asset ratio of 63.3% (high leverage).
Financial Trends
Over 5 years of filings (2011–2015), 1455 Washington Connecticut Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2015 | +0.2% | -3.0% | -2.2% |
| 2014 | +1.3% | +5.6% | +1.4% |
| 2013 | +3.6% | +5.3% | +2.8% |
| 2012 | +6.6% | +1.4% | +2.0% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates 1455 Washington Connecticut Inc with a Mission Score of 40 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 0%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, 1455 Washington Connecticut Inc allocates its expenses as follows: admin: 0%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.1M, with expenses exceeding revenue.
- Debt-to-asset ratio: 63.3%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, which is unusual for an organization with millions in expenses and assets. This could indicate a fully volunteer executive team or that compensation is categorized differently, impacting transparency.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of 1455 Washington Connecticut Inc's IRS 990 filings:
- Consistent operational deficits (expenses exceeding revenue in all reported periods, e.g., $1,078,166 deficit in 2015).
- Latest filing shows $0 revenue and assets, a drastic and unexplained change from previous years.
- Lack of expense breakdown (program, admin, fundraising) prevents assessment of spending efficiency.
- Unusually high liabilities relative to assets (e.g., $40,009,721 liabilities against $63,251,075 assets in 2015).
- 0% officer compensation reported across all filings, which may indicate a lack of transparency if compensation is hidden elsewhere.
Strengths
The following positive indicators were identified for 1455 Washington Connecticut Inc:
- Maintained substantial asset base over $60 million for five consecutive years (e.g., $63,251,075 in 2015).
- Consistent revenue generation above $5 million annually for five years (e.g., $5,346,300 in 2015) prior to the latest $0 report.
Frequently Asked Questions about 1455 Washington Connecticut Inc
Is 1455 Washington Connecticut Inc a legitimate charity?
1455 Washington Connecticut Inc (EIN: 204635136) is a registered tax-exempt nonprofit based in Illinois. Our AI analysis gives it a Mission Score of 40/100. It has 5 years of IRS 990 filings on record. 5 red flags identified. 2 strengths noted. Financial health grade: C.
How does 1455 Washington Connecticut Inc spend its money?
1455 Washington Connecticut Inc reported its financials in IRS 990 filings. 5 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to 1455 Washington Connecticut Inc tax-deductible?
1455 Washington Connecticut Inc is registered as a tax-exempt nonprofit (EIN: 204635136). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is 1455 Washington Connecticut Inc located?
1455 Washington Connecticut Inc is headquartered in Chicago, Illinois and files with the IRS under EIN 204635136.
How many years of IRS 990 filings does 1455 Washington Connecticut Inc have?
1455 Washington Connecticut Inc has 5 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Why does 1455 Washington Connecticut Inc consistently report expenses exceeding revenue?
The organization has consistently reported expenses exceeding revenue, for example, a $1,078,166 deficit in 2015 ($6,424,466 expenses vs. $5,346,300 revenue). This suggests reliance on asset drawdowns or other unstated funding to cover operational costs.
What is the explanation for the $0 revenue and assets in the latest filing?
The latest reported revenue and assets are $0, which is a significant departure from previous years where assets were over $60 million and revenue over $5 million. This requires clarification to understand if it's an error, a change in reporting, or a cessation of operations.
How does 1455 Washington Connecticut Inc cover its operational deficits?
Given the consistent deficits (e.g., $1,282,400 in 2014), the organization likely covers these by drawing down on its substantial assets, which have remained above $60 million, or through other financial mechanisms not detailed in the provided revenue figures.
What is the breakdown of program, administrative, and fundraising expenses?
The provided data does not include a breakdown of expenses, making it impossible to assess the organization's spending efficiency across programs, administration, and fundraising.
Is the 0% officer compensation accurate, or is compensation reported elsewhere?
The consistent reporting of 0% officer compensation across all filings is unusual for an organization of this size and financial activity. It raises questions about whether executive compensation is genuinely zero or if it's reported under other expense categories, affecting transparency.
Filing History
IRS 990 filing history for 1455 Washington Connecticut Inc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2011–2015), 1455 Washington Connecticut Inc's revenue has grown by 12.1%, moving from $4.8M to $5.3M. Total assets increased by 4% over the same period, from $60.8M to $63.3M. Total functional expenses rose by 9.5%, from $5.9M to $6.4M. In its most recent filing year (2015), 1455 Washington Connecticut Inc reported a deficit of $1.1M, with expenses exceeding revenue. The organization holds $40.0M in liabilities against $63.3M in assets (debt-to-asset ratio: 63.3%), resulting in net assets of $23.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2015 | $5.3M | $6.4M | $63.3M | $40.0M | — | View 990 |
| 2014 | $5.3M | $6.6M | $64.7M | $41.7M | — | View 990 |
| 2013 | $5.3M | $6.3M | $63.8M | $41.9M | — | View 990 |
| 2012 | $5.1M | $5.9M | $62.1M | $42.0M | — | View 990 |
| 2011 | $4.8M | $5.9M | $60.8M | $42.2M | — | View 990 |
Year-by-Year Financial Summary
- 2015: Revenue of $5.3M, expenses of $6.4M, and assets of $63.3M (revenue +0.2% year-over-year).
- 2014: Revenue of $5.3M, expenses of $6.6M, and assets of $64.7M (revenue +1.3% year-over-year).
- 2013: Revenue of $5.3M, expenses of $6.3M, and assets of $63.8M (revenue +3.6% year-over-year).
- 2012: Revenue of $5.1M, expenses of $5.9M, and assets of $62.1M (revenue +6.6% year-over-year).
- 2011: Revenue of $4.8M, expenses of $5.9M, and assets of $60.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for 1455 Washington Connecticut Inc:
Data Sources and Methodology
This transparency report for 1455 Washington Connecticut Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.