Heritage Training And Career Center
Heritage Training And Career Center shows revenue growth but persistent liabilities exceeding assets.
EIN: 205984290 · Montgomery, AL · NTEE: B90 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $736K |
| Total Expenses | $727K |
| Program Spending | 80% |
| Net Assets | $-16,868 |
| Transparency Score | 70/100 |
Is Heritage Training And Career Center Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Heritage Training And Career Center directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Heritage Training And Career Center
Heritage Training And Career Center (EIN: 205984290) is a nonprofit organization based in Montgomery, AL, classified under NTEE code B90. The organization reported total revenue of $736K and total assets of $148K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Heritage Training And Career Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Heritage Training And Career Center is a small nonprofit that has been operating for 18 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 14.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $736K |
| Total Expenses | $727K |
| Surplus / Deficit | +$9K |
| Total Assets | $148K |
| Total Liabilities | $164K |
| Net Assets | $-16,868 |
| Operating Margin | 1.2% |
| Debt-to-Asset Ratio | 111.4% |
| Months of Reserves | 2.4 months |
Financial Health Grade: B
In 2023, Heritage Training And Career Center reported a surplus of $9K with revenue exceeding expenses, holds 2.4 months of operating reserves (limited), has a debt-to-asset ratio of 111.4% (high leverage).
Financial Trends
Over 10 years of filings (2011–2023), Heritage Training And Career Center's revenue has grown at a compound annual growth rate (CAGR) of 14.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +80.4% | +63.2% | -21.1% |
| 2022 | +3.4% | +17.2% | +787.3% |
| 2018 | +26.4% | +17.5% | +231.6% |
| 2017 | +64.9% | +54.0% | +2687.3% |
| 2016 | -2.6% | +12.1% | -98.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2008 |
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 Heritage Training And Career Center with a Mission Score of 70 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: 80%
- fundraising: 5%
According to IRS 990 filings, Heritage Training And Career Center 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $9K, with revenue exceeding expenses.
- Debt-to-asset ratio: 111.4%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, suggesting either a volunteer-led organization or compensation levels below IRS reporting thresholds, which is positive for resource allocation to programs.
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 Heritage Training And Career Center's IRS 990 filings:
- Liabilities consistently exceed assets in recent years (e.g., $164,474 liabilities vs. $147,606 assets in 2023), indicating potential financial vulnerability.
- Lack of detailed expense breakdown (program, admin, fundraising) in provided summary data limits precise spending efficiency analysis.
Strengths
The following positive indicators were identified for Heritage Training And Career Center:
- Significant revenue growth from $144,249 in 2011 to $736,028 in 2023, demonstrating increasing impact and support.
- Consistent IRS 990 filing history over a decade, indicating good regulatory compliance and transparency.
- 0% reported officer compensation across all filings, suggesting efficient use of funds for mission-related activities.
- Generally manages expenses close to revenue, avoiding large deficits in most years.
Frequently Asked Questions about Heritage Training And Career Center
Is Heritage Training And Career Center a legitimate charity?
Based on AI analysis of IRS 990 filings, Heritage Training And Career Center (EIN: 205984290) some concerns. Mission Score: 70/100. 2 red flags identified, 4 strengths noted.
How does Heritage Training And Career Center spend its money?
Heritage Training And Career Center directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Heritage Training And Career Center tax-deductible?
Heritage Training And Career Center is registered as a tax-exempt nonprofit (EIN: 205984290). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Heritage Training And Career Center's spending goes to programs?
Heritage Training And Career Center directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Heritage Training And Career Center compare to similar nonprofits?
With a transparency score of 70/100 (Good), Heritage Training And Career Center is above average for NTEE category B90 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Heritage Training And Career Center located?
Heritage Training And Career Center is headquartered in Montgomery, Alabama and files with the IRS under EIN 205984290. It is classified under NTEE code B90.
How many years of IRS 990 filings does Heritage Training And Career Center have?
Heritage Training And Career Center has 10 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 $736K in total revenue.
Is Heritage Training And Career Center financially stable given its liabilities often exceed assets?
While the organization has shown revenue growth, its liabilities have consistently exceeded assets in recent years (e.g., $164,474 liabilities vs. $147,606 assets in 2023), which could indicate financial strain or reliance on short-term funding. Further analysis of the balance sheet would be needed to fully assess stability.
What is the reason for 0% officer compensation reported across all filings?
The consistent reporting of 0% officer compensation suggests that either the executive leadership is entirely volunteer-based, or their compensation falls below the IRS reporting thresholds for Form 990, Part VII. This generally indicates a lean administrative structure.
How has the organization managed its growth in revenue and expenses?
Heritage Training And Career Center has experienced significant revenue growth, from $144,249 in 2011 to $736,028 in 2023. Expenses have grown proportionally, indicating an expansion of operations. The organization has generally maintained a slight surplus or managed small deficits during this growth period.
Filing History
IRS 990 filing history for Heritage Training And Career Center showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Heritage Training And Career Center's revenue has grown by 410.2%, moving from $144K to $736K. Total assets increased by 760.7% over the same period, from $17K to $148K. Total functional expenses rose by 432.1%, from $137K to $727K. In its most recent filing year (2023), Heritage Training And Career Center reported a surplus of $9K, with revenue exceeding expenses. The organization holds $164K in liabilities against $148K in assets (debt-to-asset ratio: 111.4%), resulting in net assets of $-16,868.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $736K | $727K | $148K | $164K | — | — |
| 2022 | $408K | $445K | $187K | $194K | — | View 990 |
| 2018 | $394K | $380K | $21K | $33K | — | View 990 |
| 2017 | $312K | $323K | $6K | $32K | — | View 990 |
| 2016 | $189K | $210K | $228 | $0 | — | View 990 |
| 2015 | $194K | $187K | $16K | $0 | — | View 990 |
| 2014 | $131K | $130K | $18K | $0 | — | View 990 |
| 2013 | $110K | $101K | $16K | $94K | — | View 990 |
| 2012 | $93K | $77K | $13K | $100K | — | View 990 |
| 2011 | $144K | $137K | $17K | $120K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $736K, expenses of $727K, and assets of $148K (revenue +80.4% year-over-year).
- 2022: Revenue of $408K, expenses of $445K, and assets of $187K (revenue +3.4% year-over-year).
- 2018: Revenue of $394K, expenses of $380K, and assets of $21K (revenue +26.4% year-over-year).
- 2017: Revenue of $312K, expenses of $323K, and assets of $6K (revenue +64.9% year-over-year).
- 2016: Revenue of $189K, expenses of $210K, and assets of $228 (revenue -2.6% year-over-year).
- 2015: Revenue of $194K, expenses of $187K, and assets of $16K (revenue +48.2% year-over-year).
- 2014: Revenue of $131K, expenses of $130K, and assets of $18K (revenue +19.3% year-over-year).
- 2013: Revenue of $110K, expenses of $101K, and assets of $16K (revenue +17.9% year-over-year).
- 2012: Revenue of $93K, expenses of $77K, and assets of $13K (revenue -35.4% year-over-year).
- 2011: Revenue of $144K, expenses of $137K, and assets of $17K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Heritage Training And Career Center:
Data Sources and Methodology
This transparency report for Heritage Training And Career Center 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.