Cannon Builders Prevailing Wage Trust
EIN: 824431965 · Ucon, ID · NTEE: Y43
| Metric | Value |
|---|---|
| Total Revenue | $742K |
| Total Expenses | $473K |
| Net Assets | $475K |
Is Cannon Builders Prevailing Wage Trust Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Cannon Builders Prevailing Wage Trust
Cannon Builders Prevailing Wage Trust (EIN: 824431965) is a nonprofit organization based in Ucon, ID, classified under NTEE code Y43. The organization reported total revenue of $742K and total assets of $439K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cannon Builders Prevailing Wage Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cannon Builders Prevailing Wage Trust is a small nonprofit that has been operating for 6 years, with 5 years of IRS 990 filings on record (2018–2023). Revenue has grown at a compound annual rate of 13.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $702K |
| Total Expenses | $473K |
| Surplus / Deficit | +$229K |
| Total Assets | $535K |
| Total Liabilities | $60K |
| Net Assets | $475K |
| Operating Margin | 32.6% |
| Debt-to-Asset Ratio | 11.2% |
| Months of Reserves | 13.6 months |
Financial Health Grade: A
In 2023, Cannon Builders Prevailing Wage Trust reported a surplus of $229K with revenue exceeding expenses, holds 13.6 months of operating reserves (strong position), has a debt-to-asset ratio of 11.2% (very low leverage).
Financial Trends
Over 5 years of filings (2018–2023), Cannon Builders Prevailing Wage Trust's revenue has grown at a compound annual growth rate (CAGR) of 13.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +105.4% | +96.5% | +57.9% |
| 2022 | +70.2% | -24.4% | +26.4% |
| 2021 | -44.1% | +0.6% | -32.1% |
| 2020 | -2.6% | +136.6% | +54.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2020 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Cannon Builders Prevailing Wage Trust has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Cannon Builders Prevailing Wage Trust with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $229K, with revenue exceeding expenses.
- Debt-to-asset ratio: 11.2%.
Frequently Asked Questions about Cannon Builders Prevailing Wage Trust
Is Cannon Builders Prevailing Wage Trust a legitimate charity?
Cannon Builders Prevailing Wage Trust (EIN: 824431965) is a registered tax-exempt nonprofit based in Idaho. It has 5 years of IRS 990 filings on record. Total revenue: $742K. No red flags identified. Financial health grade: A.
How does Cannon Builders Prevailing Wage Trust spend its money?
Cannon Builders Prevailing Wage Trust reported $742K in total revenue in IRS 990 filings. 5 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Cannon Builders Prevailing Wage Trust tax-deductible?
Cannon Builders Prevailing Wage Trust is registered as a tax-exempt nonprofit (EIN: 824431965). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Cannon Builders Prevailing Wage Trust located?
Cannon Builders Prevailing Wage Trust is headquartered in Ucon, Idaho and files with the IRS under EIN 824431965. It is classified under NTEE code Y43.
How many years of IRS 990 filings does Cannon Builders Prevailing Wage Trust have?
Cannon Builders Prevailing Wage Trust 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. The most recent filing shows $742K in total revenue.
Filing History
IRS 990 filing history for Cannon Builders Prevailing Wage Trust showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2018–2023), Cannon Builders Prevailing Wage Trust's revenue has grown by 90.3%, moving from $369K to $702K. Total assets increased by 109.6% over the same period, from $255K to $535K. Total functional expenses rose by 253.6%, from $134K to $473K. In its most recent filing year (2023), Cannon Builders Prevailing Wage Trust reported a surplus of $229K, with revenue exceeding expenses. The organization holds $60K in liabilities against $535K in assets (debt-to-asset ratio: 11.2%), resulting in net assets of $475K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $702K | $473K | $535K | $60K | — | — |
| 2022 | $342K | $241K | $339K | $28K | — | View 990 |
| 2021 | $201K | $319K | $268K | $27K | — | View 990 |
| 2020 | $359K | $317K | $394K | $26K | — | View 990 |
| 2018 | $369K | $134K | $255K | $20K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $702K, expenses of $473K, and assets of $535K (revenue +105.4% year-over-year).
- 2022: Revenue of $342K, expenses of $241K, and assets of $339K (revenue +70.2% year-over-year).
- 2021: Revenue of $201K, expenses of $319K, and assets of $268K (revenue -44.1% year-over-year).
- 2020: Revenue of $359K, expenses of $317K, and assets of $394K (revenue -2.6% year-over-year).
- 2018: Revenue of $369K, expenses of $134K, and assets of $255K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cannon Builders Prevailing Wage Trust:
Data Sources and Methodology
This transparency report for Cannon Builders Prevailing Wage Trust 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.