Broda O Barnes Md Research Foundation Inc
Broda O Barnes Md Research Foundation: Declining Revenue, Minimal Assets
EIN: 222587696 · Trumbull, CT · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $18K |
| Total Expenses | $13K |
| Net Assets | $234 |
| Transparency Score | 30/100 |
Is Broda O Barnes Md Research Foundation Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Broda O Barnes Md Research Foundation Inc
Broda O Barnes Md Research Foundation Inc (EIN: 222587696) is a nonprofit organization based in Trumbull, CT. The organization reported total revenue of $18K and total assets of $955 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Broda O Barnes Md Research Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Broda O Barnes Md Research Foundation Inc is a micro nonprofit that has been operating for 40 years, with 9 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -15.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $13K |
| Total Expenses | $13K |
| Surplus / Deficit | +$176 |
| Total Assets | $625 |
| Total Liabilities | $391 |
| Net Assets | $234 |
| Operating Margin | 1.3% |
| Debt-to-Asset Ratio | 62.6% |
| Months of Reserves | 0.6 months |
Financial Health Grade: B
In 2023, Broda O Barnes Md Research Foundation Inc reported a surplus of $176 with revenue exceeding expenses, holds 0.6 months of operating reserves (limited), has a debt-to-asset ratio of 62.6% (high leverage).
Financial Trends
Over 9 years of filings (2011–2023), Broda O Barnes Md Research Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -15.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.6% | -9.6% | +164.8% |
| 2022 | -4.2% | +9.6% | -91.9% |
| 2021 | -22.8% | -47.5% | +291800.0% |
| 2019 | -27.6% | -11.7% | -99.9% |
| 2015 | -50.9% | -28.8% | -85.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1986 |
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 Broda O Barnes Md Research Foundation Inc with a Mission Score of 30 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Broda O Barnes Md Research Foundation Inc allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $176, with revenue exceeding expenses.
- Debt-to-asset ratio: 62.6%.
Executive Compensation Analysis
Executive compensation is not reported in the provided data, suggesting it is either minimal or not disclosed in the summarized filings.
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 Broda O Barnes Md Research Foundation Inc's IRS 990 filings:
- Consistent 0% program spending across all reported years raises serious concerns about charitable purpose.
- Significant decline in revenue and assets over the past decade.
- Lack of clear information regarding the nature of 'administrative' expenses when no programs are reported.
Strengths
The following positive indicators were identified for Broda O Barnes Md Research Foundation Inc:
- No reported liabilities in recent years.
Frequently Asked Questions about Broda O Barnes Md Research Foundation Inc
Is Broda O Barnes Md Research Foundation Inc a legitimate charity?
Broda O Barnes Md Research Foundation Inc (EIN: 222587696) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 30/100. It has 9 years of IRS 990 filings on record. Total revenue: $18K. 3 red flags identified. 1 strength noted. Financial health grade: B.
How does Broda O Barnes Md Research Foundation Inc spend its money?
Broda O Barnes Md Research Foundation Inc reported $18K in total revenue in IRS 990 filings. 9 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Broda O Barnes Md Research Foundation Inc tax-deductible?
Broda O Barnes Md Research Foundation Inc is registered as a tax-exempt nonprofit (EIN: 222587696). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Broda O Barnes Md Research Foundation Inc located?
Broda O Barnes Md Research Foundation Inc is headquartered in Trumbull, Connecticut and files with the IRS under EIN 222587696.
How many years of IRS 990 filings does Broda O Barnes Md Research Foundation Inc have?
Broda O Barnes Md Research Foundation Inc 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 $18K in total revenue.
What does Broda O Barnes Md Research Foundation Inc do?
Broda O Barnes Md Research Foundation Inc is a nonprofit organization in the Unknown sector, located in Trumbull, Connecticut. It is classified under NTEE code Unknown.
How much revenue does Broda O Barnes Md Research Foundation Inc have?
Broda O Barnes Md Research Foundation Inc reported total revenue of $18,284. Based on 9 IRS 990 filings on record.
What are Broda O Barnes Md Research Foundation Inc's total assets?
Broda O Barnes Md Research Foundation Inc holds total assets of $955 as reported in IRS 990 filings.
Where is Broda O Barnes Md Research Foundation Inc located?
Broda O Barnes Md Research Foundation Inc is based in Trumbull, Connecticut.
What is Broda O Barnes Md Research Foundation Inc's EIN?
Broda O Barnes Md Research Foundation Inc's Employer Identification Number (EIN) is 222587696. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Broda O Barnes Md Research Foundation Inc?
Broda O Barnes Md Research Foundation Inc is classified under NTEE code Unknown (Unknown).
Is Broda O Barnes Md Research Foundation Inc a registered 501(c)(3)?
Broda O Barnes Md Research Foundation Inc appears in IRS records (EIN: 222587696). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Broda O Barnes Md Research Foundation Inc file IRS Form 990?
Yes, Broda O Barnes Md Research Foundation Inc has 9 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Broda O Barnes Md Research Foundation Inc's revenue in 2023?
In the 202312 filing period, Broda O Barnes Md Research Foundation Inc reported total revenue of $13,327, total expenses of $13,151, and net assets of $625.
Is Broda O Barnes Md Research Foundation Inc's revenue growing or declining?
Broda O Barnes Md Research Foundation Inc's revenue is growing. Revenue went from $12,052 (202212) to $13,327 (202312), a +10.6% change. Based on 9 filings on record.
What is Broda O Barnes Md Research Foundation Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Broda O Barnes Md Research Foundation Inc covers tax period 202312. It shows revenue of $13,327, expenses of $13,151, total assets of $625, and liabilities of $391.
Is Broda O Barnes Md Research Foundation Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Broda O Barnes Md Research Foundation Inc has notable concerns. Mission Score: 30/100 (Poor). 3 red flags identified. 1 strength noted.
What are the red flags for Broda O Barnes Md Research Foundation Inc?
The following concerns were identified: Consistent 0% program spending across all reported years raises serious concerns about charitable purpose.. Significant decline in revenue and assets over the past decade.. Lack of clear information regarding the nature of 'administrative' expenses when no programs are reported.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Broda O Barnes Md Research Foundation Inc's strengths?
Positive indicators for Broda O Barnes Md Research Foundation Inc include: No reported liabilities in recent years.. These findings are derived from AI analysis of the organization's financial filings.
How does Broda O Barnes Md Research Foundation Inc compensate executives?
Executive compensation is not reported in the provided data, suggesting it is either minimal or not disclosed in the summarized filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent 0% program spending, what is the actual charitable activity or purpose of the Broda O Barnes Md Research Foundation?
The provided data indicates that the foundation consistently reports 0% of its expenses on programs, with all reported expenses categorized as administrative. This suggests that the organization is not directly engaging in charitable activities as typically understood for a research foundation.
What is the cause of the dramatic decline in both revenue and assets for the foundation over the last decade?
The data shows a significant decrease in revenue from $45,816 in 2014 to $13,327 in 2023, and assets from $6,678 in 2014 to $625 in 2023. Without further context, the specific causes are unclear, but it points to a substantial reduction in financial activity and resources.
Filing History
IRS 990 filing history for Broda O Barnes Md Research Foundation Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2023), Broda O Barnes Md Research Foundation Inc's revenue has declined by 86.6%, moving from $100K to $13K. Total assets decreased by 95.2% over the same period, from $13K to $625. Total functional expenses fell by 84.5%, from $85K to $13K. In its most recent filing year (2023), Broda O Barnes Md Research Foundation Inc reported a surplus of $176, with revenue exceeding expenses. The organization holds $391 in liabilities against $625 in assets (debt-to-asset ratio: 62.6%), resulting in net assets of $234.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $13K | $13K | $625 | $391 | — | — |
| 2022 | $12K | $15K | $236 | $178 | — | View 990 |
| 2021 | $13K | $13K | $3K | $358 | — | View 990 |
| 2019 | $16K | $25K | $1 | $884 | — | View 990 |
| 2015 | $23K | $29K | $1K | $1K | — | View 990 |
| 2014 | $46K | $40K | $7K | $1K | — | View 990 |
| 2013 | $28K | $32K | $2K | $2K | — | View 990 |
| 2012 | $43K | $53K | $3K | $0 | — | View 990 |
| 2011 | $100K | $85K | $13K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $13K, expenses of $13K, and assets of $625 (revenue +10.6% year-over-year).
- 2022: Revenue of $12K, expenses of $15K, and assets of $236 (revenue -4.2% year-over-year).
- 2021: Revenue of $13K, expenses of $13K, and assets of $3K (revenue -22.8% year-over-year).
- 2019: Revenue of $16K, expenses of $25K, and assets of $1 (revenue -27.6% year-over-year).
- 2015: Revenue of $23K, expenses of $29K, and assets of $1K (revenue -50.9% year-over-year).
- 2014: Revenue of $46K, expenses of $40K, and assets of $7K (revenue +62.4% year-over-year).
- 2013: Revenue of $28K, expenses of $32K, and assets of $2K (revenue -34.7% year-over-year).
- 2012: Revenue of $43K, expenses of $53K, and assets of $3K (revenue -56.7% year-over-year).
- 2011: Revenue of $100K, expenses of $85K, and assets of $13K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Broda O Barnes Md Research Foundation Inc:
Data Sources and Methodology
This transparency report for Broda O Barnes Md Research Foundation 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.