Connecticut Pre Engineering Program
Connecticut Pre-Engineering Program: Declining Revenue and Asset Concerns
EIN: 222966927 · Waterbury, CT · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Expenses | $1.2M |
| Program Spending | 70% |
| Net Assets | $377K |
| Transparency Score | 65/100 |
Is Connecticut Pre Engineering Program Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Connecticut Pre Engineering Program directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Connecticut Pre Engineering Program
Connecticut Pre Engineering Program (EIN: 222966927) is a nonprofit organization based in Waterbury, CT. 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 Connecticut Pre Engineering Program's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Connecticut Pre Engineering Program is a small nonprofit, with 7 years of IRS 990 filings on record (2011–2017). Revenue has grown at a compound annual rate of -8.7%.
Key Financial Metrics (2017)
From the most recent IRS 990 filing on record:
| Total Revenue | $749K |
| Total Expenses | $1.2M |
| Surplus / Deficit | $-465,414 |
| Total Assets | $450K |
| Total Liabilities | $72K |
| Net Assets | $377K |
| Operating Margin | -62.2% |
| Debt-to-Asset Ratio | 16.1% |
| Months of Reserves | 4.4 months |
Financial Health Grade: B
In 2017, Connecticut Pre Engineering Program reported a deficit of $465K with expenses exceeding revenue, holds 4.4 months of operating reserves (adequate), has a debt-to-asset ratio of 16.1% (very low leverage).
Financial Trends
Over 7 years of filings (2011–2017), Connecticut Pre Engineering Program's revenue has declined at a compound annual growth rate (CAGR) of -8.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2017 | -42.1% | -28.3% | -72.9% |
| 2016 | -30.7% | +14.7% | +18.5% |
| 2015 | +6.4% | -8.0% | +37.1% |
| 2014 | -2.8% | +2.6% | -1.6% |
| 2013 | +15.9% | +5.3% | +12.4% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Connecticut Pre Engineering Program with a Mission Score of 65 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: 15%
- programs: 70%
- fundraising: 15%
According to IRS 990 filings, Connecticut Pre Engineering Program allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2017)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $465K, with expenses exceeding revenue.
- Debt-to-asset ratio: 16.1%.
Executive Compensation Analysis
Executive compensation cannot be assessed as no specific compensation figures are provided in the available data.
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 Connecticut Pre Engineering Program's IRS 990 filings:
- Significant decline in revenue from $1,863,791 in 2015 to $748,712 in 2017.
- Total assets have decreased substantially from $1,658,941 in 2016 to $449,566 in 2017.
- Liabilities increased from $72,488 in 2017 to $816,449 in 2016, indicating potential financial instability.
Strengths
The following positive indicators were identified for Connecticut Pre Engineering Program:
- Consistent operation over several years (2011-2017) indicates established presence.
- Historically maintained positive net assets, despite recent declines.
Frequently Asked Questions about Connecticut Pre Engineering Program
Is Connecticut Pre Engineering Program a legitimate charity?
Connecticut Pre Engineering Program (EIN: 222966927) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 65/100. It has 7 years of IRS 990 filings on record. 3 red flags identified. 2 strengths noted. Financial health grade: B.
How does Connecticut Pre Engineering Program spend its money?
Connecticut Pre Engineering Program directs 70% of its spending to programs and services. Fundraising costs 15%. This meets the 65% industry benchmark.
Are donations to Connecticut Pre Engineering Program tax-deductible?
Connecticut Pre Engineering Program is registered as a tax-exempt nonprofit (EIN: 222966927). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Connecticut Pre Engineering Program's spending goes to programs?
Connecticut Pre Engineering Program directs 70% to programs, 15% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Connecticut Pre Engineering Program located?
Connecticut Pre Engineering Program is headquartered in Waterbury, Connecticut and files with the IRS under EIN 222966927.
How many years of IRS 990 filings does Connecticut Pre Engineering Program have?
Connecticut Pre Engineering Program has 7 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
What does Connecticut Pre Engineering Program do?
Connecticut Pre Engineering Program is a nonprofit organization in the Unknown sector, located in Waterbury, Connecticut. It is classified under NTEE code Unknown.
How much revenue does Connecticut Pre Engineering Program have?
Connecticut Pre Engineering Program reported total revenue of N/A. Based on 7 IRS 990 filings on record.
What are Connecticut Pre Engineering Program's total assets?
Connecticut Pre Engineering Program holds total assets of N/A as reported in IRS 990 filings.
Where is Connecticut Pre Engineering Program located?
Connecticut Pre Engineering Program is based in Waterbury, Connecticut.
What is Connecticut Pre Engineering Program's EIN?
Connecticut Pre Engineering Program's Employer Identification Number (EIN) is 222966927. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Connecticut Pre Engineering Program?
Connecticut Pre Engineering Program is classified under NTEE code Unknown (Unknown).
Is Connecticut Pre Engineering Program a registered 501(c)(3)?
Connecticut Pre Engineering Program appears in IRS records (EIN: 222966927). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Connecticut Pre Engineering Program file IRS Form 990?
Yes, Connecticut Pre Engineering Program has 7 IRS Form 990 filings on record. The most recent covers tax period 201706.
What was Connecticut Pre Engineering Program's revenue in 2017?
In the 201706 filing period, Connecticut Pre Engineering Program reported total revenue of $748,712, total expenses of $1,214,126, and net assets of $449,566.
Is Connecticut Pre Engineering Program's revenue growing or declining?
Connecticut Pre Engineering Program's revenue is declining. Revenue went from $1,292,535 (201606) to $748,712 (201706), a -42.1% change. Based on 7 filings on record.
What is Connecticut Pre Engineering Program's most recent 990 filing?
The most recent IRS Form 990 filing for Connecticut Pre Engineering Program covers tax period 201706. It shows revenue of $748,712, expenses of $1,214,126, total assets of $449,566, and liabilities of $72,488.
How much does Connecticut Pre Engineering Program spend on programs vs administration?
Based on IRS 990 analysis, Connecticut Pre Engineering Program allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Connecticut Pre Engineering Program a trustworthy charity?
Based on AI analysis of IRS 990 data, Connecticut Pre Engineering Program shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 2 strengths noted.
What are the red flags for Connecticut Pre Engineering Program?
The following concerns were identified: Significant decline in revenue from $1,863,791 in 2015 to $748,712 in 2017.. Total assets have decreased substantially from $1,658,941 in 2016 to $449,566 in 2017.. Liabilities increased from $72,488 in 2017 to $816,449 in 2016, indicating potential financial instability.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Connecticut Pre Engineering Program's strengths?
Positive indicators for Connecticut Pre Engineering Program include: Consistent operation over several years (2011-2017) indicates established presence.. Historically maintained positive net assets, despite recent declines.. These findings are derived from AI analysis of the organization's financial filings.
How does Connecticut Pre Engineering Program compensate executives?
Executive compensation cannot be assessed as no specific compensation figures are provided in the available data. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What factors contributed to the sharp decline in revenue and assets between 2015 and 2017?
The provided data shows revenue dropping from $1,863,791 in 2015 to $748,712 in 2017, and assets from $1,400,088 to $449,566 in the same period. Without further financial statements, the specific causes (e.g., loss of grants, program changes) are unclear.
How did the organization manage to reduce its liabilities from $816,449 in 2016 to $72,488 in 2017, given the simultaneous decline in revenue and assets?
This significant reduction in liabilities, while revenue and assets were also falling, suggests a major financial restructuring or asset liquidation to pay down debts. Further details on cash flow and specific liability types would be needed to understand this dynamic.
Filing History
IRS 990 filing history for Connecticut Pre Engineering Program showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2011–2017), Connecticut Pre Engineering Program's revenue has declined by 41.9%, moving from $1.3M to $749K. Total assets decreased by 20.1% over the same period, from $563K to $450K. Total functional expenses rose by 6.1%, from $1.1M to $1.2M. In its most recent filing year (2017), Connecticut Pre Engineering Program reported a deficit of $465K, with expenses exceeding revenue. The organization holds $72K in liabilities against $450K in assets (debt-to-asset ratio: 16.1%), resulting in net assets of $377K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2017 | $749K | $1.2M | $450K | $72K | — | — |
| 2016 | $1.3M | $1.7M | $1.7M | $816K | — | View 990 |
| 2015 | $1.9M | $1.5M | $1.4M | $158K | — | View 990 |
| 2014 | $1.8M | $1.6M | $1.0M | $167K | — | View 990 |
| 2013 | $1.8M | $1.6M | $1.0M | $331K | — | View 990 |
| 2012 | $1.6M | $1.5M | $923K | $456K | — | View 990 |
| 2011 | $1.3M | $1.1M | $563K | $166K | — | View 990 |
Year-by-Year Financial Summary
- 2017: Revenue of $749K, expenses of $1.2M, and assets of $450K (revenue -42.1% year-over-year).
- 2016: Revenue of $1.3M, expenses of $1.7M, and assets of $1.7M (revenue -30.7% year-over-year).
- 2015: Revenue of $1.9M, expenses of $1.5M, and assets of $1.4M (revenue +6.4% year-over-year).
- 2014: Revenue of $1.8M, expenses of $1.6M, and assets of $1.0M (revenue -2.8% year-over-year).
- 2013: Revenue of $1.8M, expenses of $1.6M, and assets of $1.0M (revenue +15.9% year-over-year).
- 2012: Revenue of $1.6M, expenses of $1.5M, and assets of $923K (revenue +20.6% year-over-year).
- 2011: Revenue of $1.3M, expenses of $1.1M, and assets of $563K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Connecticut Pre Engineering Program:
Data Sources and Methodology
This transparency report for Connecticut Pre Engineering Program 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.