B H Homan Jr Tr Pt 15583
B H Homan Jr Tr Pt 15583 maintains strong asset growth and reports no officer compensation.
EIN: 136741112 · Chicago, IL · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $8.0M |
| Total Expenses | $1.7M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $22 |
| Net Assets | $21.8M |
| Transparency Score | 85/100 |
Is B H Homan Jr Tr Pt 15583 Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
B H Homan Jr Tr Pt 15583 directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About B H Homan Jr Tr Pt 15583
B H Homan Jr Tr Pt 15583 (EIN: 136741112) is a nonprofit organization based in Chicago, IL. The organization reported total revenue of $8.0M and total assets of $22.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of B H Homan Jr Tr Pt 15583's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
B H Homan Jr Tr Pt 15583 is a mid-size nonprofit that has been operating for 48 years, with 9 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 11.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.9M |
| Total Expenses | $1.7M |
| Surplus / Deficit | +$223K |
| Total Assets | $21.8M |
| Total Liabilities | $1 |
| Net Assets | $21.8M |
| Operating Margin | 11.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 156.3 months |
Financial Health Grade: A
In 2023, B H Homan Jr Tr Pt 15583 reported a surplus of $223K with revenue exceeding expenses, holds 156.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 9 years of filings (2012–2023), B H Homan Jr Tr Pt 15583's revenue has grown at a compound annual growth rate (CAGR) of 11.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -5.7% | +10.9% | +1.0% |
| 2022 | -9.6% | +2.6% | +2.4% |
| 2021 | +56.0% | +7.2% | +3.7% |
| 2020 | +195.2% | -6.8% | +8.9% |
| 2016 | -66.5% | +105.5% | -4.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1978 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates B H Homan Jr Tr Pt 15583 with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, B H Homan Jr Tr Pt 15583 allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $223K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive compensation from the organization, which is highly unusual for an entity with assets exceeding $22 million.
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 B H Homan Jr Tr Pt 15583's IRS 990 filings:
- Lack of NTEE code and detailed program description in provided data
- Unusually consistent 0% officer compensation for an organization of this size, which may warrant further investigation into operational structure.
Strengths
The following positive indicators were identified for B H Homan Jr Tr Pt 15583:
- Consistent asset growth, from $18.3M in 2012 to $22.1M currently.
- Extremely low liabilities, consistently reported as $0 or $1.
- Consistent filing of IRS Form 990s, indicating compliance.
- No reported officer compensation, suggesting high efficiency in this area.
Frequently Asked Questions about B H Homan Jr Tr Pt 15583
Is B H Homan Jr Tr Pt 15583 a legitimate charity?
B H Homan Jr Tr Pt 15583 (EIN: 136741112) is a registered tax-exempt nonprofit based in Illinois. Our AI analysis gives it a Mission Score of 85/100. It has 9 years of IRS 990 filings on record. Total revenue: $8.0M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does B H Homan Jr Tr Pt 15583 spend its money?
B H Homan Jr Tr Pt 15583 directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to B H Homan Jr Tr Pt 15583 tax-deductible?
B H Homan Jr Tr Pt 15583 is registered as a tax-exempt nonprofit (EIN: 136741112). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the B H Homan Jr Tr Pt 15583 CEO make?
B H Homan Jr Tr Pt 15583's highest-compensated officer earns $22 annually. The organization reported $8.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is B H Homan Jr Tr Pt 15583 located?
B H Homan Jr Tr Pt 15583 is headquartered in Chicago, Illinois and files with the IRS under EIN 136741112.
How many years of IRS 990 filings does B H Homan Jr Tr Pt 15583 have?
B H Homan Jr Tr Pt 15583 has 9 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $8.0M in total revenue.
What is the specific mission or program activity of B H Homan Jr Tr Pt 15583?
The provided data does not specify the NTEE code or detailed program activities, making it difficult to ascertain the organization's specific mission.
How does B H Homan Jr Tr Pt 15583 manage to operate with 0% officer compensation?
The filings consistently show 0% officer compensation, which could imply that executive functions are performed on a volunteer basis, compensated through an affiliated entity, or that the trust operates in a manner that does not incur officer salaries as reported on the 990.
What are the primary sources of B H Homan Jr Tr Pt 15583's revenue?
The provided data only lists total revenue figures, such as $7,970,411 for the latest period, but does not break down the sources (e.g., contributions, investment income, program service revenue).
Filing History
IRS 990 filing history for B H Homan Jr Tr Pt 15583 showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2012–2023), B H Homan Jr Tr Pt 15583's revenue has grown by 214.9%, moving from $602K to $1.9M. Total assets increased by 18.5% over the same period, from $18.4M to $21.8M. Total functional expenses rose by 232.8%, from $502K to $1.7M. In its most recent filing year (2023), B H Homan Jr Tr Pt 15583 reported a surplus of $223K, with revenue exceeding expenses. The organization holds $1 in liabilities against $21.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $21.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.9M | $1.7M | $21.8M | $1 | — | View 990 |
| 2022 | $2.0M | $1.5M | $21.6M | $1 | — | View 990 |
| 2021 | $2.2M | $1.5M | $21.1M | $1 | — | — |
| 2020 | $1.4M | $1.4M | $20.3M | $1 | — | View 990 |
| 2016 | $483K | $1.5M | $18.6M | $0 | — | View 990 |
| 2015 | $1.4M | $716K | $19.6M | $0 | — | View 990 |
| 2014 | $1.6M | $1.1M | $18.8M | $0 | — | View 990 |
| 2013 | $1.1M | $1.1M | $18.3M | $0 | — | View 990 |
| 2012 | $602K | $502K | $18.4M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.9M, expenses of $1.7M, and assets of $21.8M (revenue -5.7% year-over-year).
- 2022: Revenue of $2.0M, expenses of $1.5M, and assets of $21.6M (revenue -9.6% year-over-year).
- 2021: Revenue of $2.2M, expenses of $1.5M, and assets of $21.1M (revenue +56.0% year-over-year).
- 2020: Revenue of $1.4M, expenses of $1.4M, and assets of $20.3M (revenue +195.2% year-over-year).
- 2016: Revenue of $483K, expenses of $1.5M, and assets of $18.6M (revenue -66.5% year-over-year).
- 2015: Revenue of $1.4M, expenses of $716K, and assets of $19.6M (revenue -8.5% year-over-year).
- 2014: Revenue of $1.6M, expenses of $1.1M, and assets of $18.8M (revenue +43.3% year-over-year).
- 2013: Revenue of $1.1M, expenses of $1.1M, and assets of $18.3M (revenue +82.6% year-over-year).
- 2012: Revenue of $602K, expenses of $502K, and assets of $18.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for B H Homan Jr Tr Pt 15583:
Data Sources and Methodology
This transparency report for B H Homan Jr Tr Pt 15583 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.