Carrier Ila Container Freight Station Trust Fund

Carrier Ila Container Freight Station Trust Fund reports significant asset reduction due to expenses exceeding revenue by over $60 million in latest period.

EIN: 133528474 · Lyndhurst, NJ · Updated: 2026-03-28

$45.0MRevenue

$67.0MAssets

60/100Mission Score (Good)

About Carrier Ila Container Freight Station Trust Fund

Carrier Ila Container Freight Station Trust Fund (EIN: 133528474) is a nonprofit organization based in Lyndhurst, NJ. The organization reported total revenue of $45.0M and total assets of $67.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Carrier Ila Container Freight Station Trust Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Carrier Ila Container Freight Station Trust Fund exhibits a unique financial profile, operating as a trust fund rather than a traditional programmatic charity. Its revenue streams are substantial, with the latest reported revenue at $44,969,671 and assets at $66,952,914. A significant concern arises from the 202309 filing, where expenses ($100,170,340) dramatically exceeded revenue ($39,157,409), leading to a substantial decrease in assets from $102,930,921 in 202209 to $46,184,448. This indicates a period of significant financial outflow or a one-time event that warrants further investigation.

The organization consistently reports 0% officer compensation across all available filings, which is a positive indicator of financial stewardship regarding executive pay. However, without a clear NTEE code or detailed program descriptions, it's challenging to assess spending efficiency in terms of mission impact. The substantial fluctuations in assets and the significant deficit in the latest filing suggest potential volatility or specific operational characteristics that differ from typical nonprofits. Transparency could be improved with more detailed explanations of these financial shifts and the nature of its 'programs' or trust distributions.

Given its structure as a trust fund, the traditional metrics of program spending efficiency might not directly apply in the same way as a service-delivery charity. The consistent lack of officer compensation is a strong point for transparency in executive pay. However, the dramatic expense increase in the latest period, leading to a significant asset reduction, raises questions about financial stability and the underlying reasons for such a large expenditure relative to income. Further context on the trust's purpose and distribution policies would be crucial for a complete assessment.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Carrier Ila Container Freight Station Trust Fund with a Mission Score of 60 out of 100 (Good). 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, Carrier Ila Container Freight Station Trust Fund 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.

Executive Compensation Analysis

Executive compensation is consistently reported at 0% across all available filings, indicating that no officers receive compensation from the organization, which is a strong positive for financial stewardship.

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 Carrier Ila Container Freight Station Trust Fund's IRS 990 filings:

Expenses ($100,170,340) significantly exceeded revenue ($39,157,409) in the 202309 period, leading to a substantial net loss.
Assets decreased by over $56 million from $102,930,921 (202209) to $46,184,448 (202309) following the large expense period.
Lack of NTEE code and detailed program information makes it difficult to assess mission effectiveness and spending efficiency.

Strengths

The following positive indicators were identified for Carrier Ila Container Freight Station Trust Fund:

Consistently reports 0% officer compensation, indicating strong financial stewardship regarding executive pay.
Maintains substantial assets ($66,952,914 latest), providing a financial cushion.
Historically generated significant revenue, often exceeding expenses in prior periods (e.g., 202209, 202112).

Frequently Asked Questions about Carrier Ila Container Freight Station Trust Fund

What caused the significant increase in expenses to $100,170,340 in the 202309 period, far exceeding revenue?

The IRS 990 data shows expenses of $100,170,340 against revenue of $39,157,409 in the 202309 period, leading to a net loss of over $61 million and a substantial reduction in assets. The specific reasons for this large expenditure are not detailed in the provided summary data and would require reviewing the full 990 form.

How does the organization define and execute its 'programs' given its trust fund structure?

As a trust fund, its 'programs' likely involve distributions or specific financial activities rather than direct service delivery. Without an NTEE code or program descriptions, the nature of these activities and their beneficiaries remains unclear from the provided data.

Is the organization's financial health stable despite the recent large deficit?

While the organization has substantial assets ($66,952,914 latest, though down from previous years), the $61 million deficit in the 202309 period raises concerns about financial stability if such large outflows are not exceptional or are recurring. Further analysis of cash flow and future projections would be needed.

Filing History

IRS 990 filing history for Carrier Ila Container Freight Station Trust Fund showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Carrier Ila Container Freight Station Trust Fund's revenue has grown by 488.7%, moving from $6.7M to $39.2M. Total assets increased by 154.7% over the same period, from $18.1M to $46.2M. Total functional expenses rose by 310.3%, from $24.4M to $100.2M. In its most recent filing year (2023), Carrier Ila Container Freight Station Trust Fund reported a deficit of $61.0M, with expenses exceeding revenue. The organization holds $4.0M in liabilities against $46.2M in assets (debt-to-asset ratio: 8.6%), resulting in net assets of $42.2M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$39.2M	$100.2M	$46.2M	$4.0M	—	View 990
2022	$32.9M	$27.4M	$102.9M	$5.1M	—	View 990
2021	$42.6M	$28.5M	$103.5M	$2.5M	—	View 990
2020	$38.5M	$18.9M	$90.1M	$2.2M	—	—
2019	$39.8M	$23.4M	$71.1M	$2.7M	—	View 990
2018	$38.2M	$23.6M	$54.4M	$2.3M	—	View 990
2017	$35.9M	$20.3M	$40.4M	$2.9M	—	View 990
2016	$32.7M	$22.3M	$23.9M	$2.1M	—	View 990
2015	$32.4M	$26.9M	$14.1M	$2.7M	—	View 990
2014	$31.4M	$28.6M	$9.3M	$3.4M	—	View 990
2013	$25.9M	$22.7M	$6.0M	$2.8M	—	View 990
2012	$8.7M	$24.0M	$2.5M	$2.5M	—	View 990
2011	$6.7M	$24.4M	$18.1M	$2.9M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $39.2M, expenses of $100.2M, and assets of $46.2M (revenue +18.9% year-over-year).
2022: Revenue of $32.9M, expenses of $27.4M, and assets of $102.9M (revenue -22.8% year-over-year).
2021: Revenue of $42.6M, expenses of $28.5M, and assets of $103.5M (revenue +10.9% year-over-year).
2020: Revenue of $38.5M, expenses of $18.9M, and assets of $90.1M (revenue -3.4% year-over-year).
2019: Revenue of $39.8M, expenses of $23.4M, and assets of $71.1M (revenue +4.2% year-over-year).
2018: Revenue of $38.2M, expenses of $23.6M, and assets of $54.4M (revenue +6.4% year-over-year).
2017: Revenue of $35.9M, expenses of $20.3M, and assets of $40.4M (revenue +9.8% year-over-year).
2016: Revenue of $32.7M, expenses of $22.3M, and assets of $23.9M (revenue +1.0% year-over-year).
2015: Revenue of $32.4M, expenses of $26.9M, and assets of $14.1M (revenue +3.3% year-over-year).
2014: Revenue of $31.4M, expenses of $28.6M, and assets of $9.3M (revenue +21.2% year-over-year).
2013: Revenue of $25.9M, expenses of $22.7M, and assets of $6.0M (revenue +198.0% year-over-year).
2012: Revenue of $8.7M, expenses of $24.0M, and assets of $2.5M (revenue +30.6% year-over-year).
2011: Revenue of $6.7M, expenses of $24.4M, and assets of $18.1M.

Data Sources and Methodology

This transparency report for Carrier Ila Container Freight Station Trust Fund 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.