Ebec Holdings

Ebec Holdings consistently operates at a deficit with declining assets and substantial liabilities.

EIN: 204705579 · Portsmouth, RI · NTEE: S47 · Updated: 2026-03-28

$3.3MRevenue

$416KAssets

45/100Mission Score (Fair)

S47

About Ebec Holdings

Ebec Holdings (EIN: 204705579) is a nonprofit organization based in Portsmouth, RI, classified under NTEE code S47. The organization reported total revenue of $3.3M and total assets of $416K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ebec Holdings's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Ebec Holdings exhibits a consistent pattern of operating at a deficit, with expenses regularly exceeding revenue. For instance, in the 202406 period, expenses were $179,822 against revenues of $168,000, and this trend is visible across multiple years. While the organization reports zero officer compensation, which can be a positive sign for resource allocation, the persistent negative net income raises concerns about long-term financial sustainability. The organization's assets have also shown a declining trend over the years, from $2,557,938 in 201506 to $2,132,266 in 202406, while liabilities remain substantial, indicating a challenging financial position.

The latest reported revenue of $3,256,000 appears to be an anomaly compared to the historical filings which consistently show revenues around $168,000-$171,380. This significant discrepancy requires further investigation to understand the true financial scale and operational activities of the organization. Without a clear explanation for this large jump in 'Latest Revenue' versus the consistent historical filing data, it's difficult to accurately assess the current financial health and spending efficiency. The NTEE code S47 (Private Grantmaking Foundations) suggests its primary activity might be grantmaking, which could explain the low operational expenses if it's primarily distributing funds rather than running direct programs.

Given the consistent operational deficits and declining assets, Ebec Holdings appears to be in a precarious financial state based on its historical 990 filings. The lack of officer compensation is a positive for transparency regarding executive pay, but the overall financial picture suggests a need for improved revenue generation or expense management to achieve sustainability. The significant difference between the 'Latest Revenue' provided and the historical 990 data is a major point of concern for transparency and accurate financial assessment.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Ebec Holdings with a Mission Score of 45 out of 100 (Fair). 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: 80%
fundraising: 5%

According to IRS 990 filings, Ebec Holdings allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Ebec Holdings consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to its officers, which is a positive for resource allocation.

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 Ebec Holdings's IRS 990 filings:

Consistent operational deficits, with expenses exceeding revenue in multiple periods (e.g., 202406, 202306, 202206).
Declining asset base over time (from $2,557,938 in 201506 to $2,132,266 in 202406).
Liabilities consistently exceed assets, indicating a negative net asset position (e.g., $2,697,570 liabilities vs. $2,132,266 assets in 202406).
Significant discrepancy between 'Latest Revenue' ($3,256,000) and historical 990 reported revenues (approx. $168,000).

Strengths

The following positive indicators were identified for Ebec Holdings:

Zero officer compensation reported across all filings, indicating no executive pay from the organization's funds.

Frequently Asked Questions about Ebec Holdings

Why is the 'Latest Revenue' of $3,256,000 so much higher than the historical annual revenues of approximately $168,000 reported in the 990 filings?

The provided 'Latest Revenue' figure of $3,256,000 is significantly different from the consistent annual revenues of around $168,000-$171,380 reported in the 14 IRS 990 filings. This discrepancy needs clarification to understand the organization's true financial scale and activities.

How does Ebec Holdings plan to address its consistent operational deficits?

Ebec Holdings has consistently reported expenses exceeding revenues, leading to operational deficits (e.g., $179,822 expenses vs. $168,000 revenue in 202406). A strategy for achieving financial sustainability is not evident from the provided data.

What is the nature of the organization's liabilities, which consistently exceed its assets?

The organization's liabilities have consistently been higher than its assets (e.g., $2,697,570 liabilities vs. $2,132,266 assets in 202406). Understanding the composition and repayment plan for these liabilities is crucial for assessing financial risk.

What are the specific program activities funded by Ebec Holdings, given its NTEE code S47 (Private Grantmaking Foundations)?

As a private grantmaking foundation, Ebec Holdings' primary mission would likely involve distributing grants. More detail on the types of programs or organizations it supports would provide insight into its impact.

Filing History

IRS 990 filing history for Ebec Holdings showing financial trends over 14 years of public records:

Over 14 years of IRS 990 filings (2011–2024), Ebec Holdings's revenue has declined by 1.2%, moving from $170K to $168K. Total assets decreased by 24.1% over the same period, from $2.8M to $2.1M. Total functional expenses fell by 11.1%, from $202K to $180K. In its most recent filing year (2024), Ebec Holdings reported a deficit of $12K, with expenses exceeding revenue. The organization holds $2.7M in liabilities against $2.1M in assets (debt-to-asset ratio: 126.5%), resulting in net assets of $-565,304.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2024	$168K	$180K	$2.1M	$2.7M	—	—
2023	$168K	$191K	$2.2M	$2.8M	—	View 990
2022	$168K	$192K	$2.3M	$2.8M	—	View 990
2021	$168K	$197K	$2.3M	$2.9M	—	View 990
2020	$168K	$191K	$2.4M	$2.9M	—	—
2019	$168K	$222K	$2.5M	$2.9M	—	View 990
2018	$168K	$206K	$2.6M	$3.0M	—	View 990
2017	$171K	$200K	$2.6M	$3.0M	—	View 990
2016	$168K	$188K	$2.5M	$2.8M	—	View 990
2015	$168K	$196K	$2.6M	$2.9M	—	View 990
2014	$144K	$193K	$2.6M	$2.9M	—	View 990
2013	$144K	$189K	$2.7M	$2.9M	—	View 990
2012	$144K	$188K	$2.8M	$2.9M	—	View 990
2011	$170K	$202K	$2.8M	$3.0M	—	View 990

Year-by-Year Financial Summary

2024: Revenue of $168K, expenses of $180K, and assets of $2.1M (revenue +0.0% year-over-year).
2023: Revenue of $168K, expenses of $191K, and assets of $2.2M (revenue +0.0% year-over-year).
2022: Revenue of $168K, expenses of $192K, and assets of $2.3M (revenue +0.0% year-over-year).
2021: Revenue of $168K, expenses of $197K, and assets of $2.3M (revenue +0.0% year-over-year).
2020: Revenue of $168K, expenses of $191K, and assets of $2.4M (revenue +0.0% year-over-year).
2019: Revenue of $168K, expenses of $222K, and assets of $2.5M (revenue +0.0% year-over-year).
2018: Revenue of $168K, expenses of $206K, and assets of $2.6M (revenue -2.0% year-over-year).
2017: Revenue of $171K, expenses of $200K, and assets of $2.6M (revenue +2.0% year-over-year).
2016: Revenue of $168K, expenses of $188K, and assets of $2.5M (revenue +0.0% year-over-year).
2015: Revenue of $168K, expenses of $196K, and assets of $2.6M (revenue +16.7% year-over-year).
2014: Revenue of $144K, expenses of $193K, and assets of $2.6M (revenue +0.0% year-over-year).
2013: Revenue of $144K, expenses of $189K, and assets of $2.7M (revenue +0.0% year-over-year).
2012: Revenue of $144K, expenses of $188K, and assets of $2.8M (revenue -15.4% year-over-year).
2011: Revenue of $170K, expenses of $202K, and assets of $2.8M.

Data Sources and Methodology

This transparency report for Ebec Holdings 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.