Hrp Associates Inc Employee Benefits Tr
Hrp Associates Inc Employee Benefits Tr consistently operates with minimal assets and frequently incurs expenses exceeding revenue.
EIN: 134242441 · Farmington, CT · NTEE: Y43 · Updated: 2026-03-28
Is Hrp Associates Inc Employee Benefits Tr Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hrp Associates Inc Employee Benefits Tr directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Hrp Associates Inc Employee Benefits Tr
Hrp Associates Inc Employee Benefits Tr (EIN: 134242441) is a nonprofit organization based in Farmington, CT, classified under NTEE code Y43. The organization reported total revenue of $128K and total assets of $8K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hrp Associates Inc Employee Benefits Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Hrp Associates Inc Employee Benefits Tr 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Hrp Associates Inc Employee Benefits Tr allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting that executive functions are either performed by volunteers, compensated through non-officer roles, or not reported as direct officer compensation.
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 Hrp Associates Inc Employee Benefits Tr's IRS 990 filings:
- Expenses frequently exceed revenue, as seen in 2018 ($130,227 expenses vs. $127,579 revenue) and 2017 ($150,476 expenses vs. $148,450 revenue).
- Consistently low asset base ($7,664 in 2018) limits financial resilience.
- Lack of reported officer compensation across all filings, which can obscure how leadership is compensated or administrative functions are managed.
Strengths
The following positive indicators were identified for Hrp Associates Inc Employee Benefits Tr:
- Consistent filing of IRS Form 990s, indicating transparency in financial reporting.
- Consistently reported $0 liabilities across all filings, showing no outstanding debt.
- Long history of operations with 8 filings available, suggesting stability over time.
Frequently Asked Questions about Hrp Associates Inc Employee Benefits Tr
Is Hrp Associates Inc Employee Benefits Tr a legitimate charity?
Based on AI analysis of IRS 990 filings, Hrp Associates Inc Employee Benefits Tr (EIN: 134242441) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Hrp Associates Inc Employee Benefits Tr spend its money?
Hrp Associates Inc Employee Benefits Tr directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hrp Associates Inc Employee Benefits Tr tax-deductible?
Hrp Associates Inc Employee Benefits Tr is registered as a tax-exempt nonprofit (EIN: 134242441). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Hrp Associates Inc Employee Benefits Tr cover its administrative costs if no officer compensation is reported?
The filings consistently show 0% officer compensation. Administrative costs might be covered by volunteers, through services provided by a parent organization, or by staff whose roles are not classified as 'officer' for reporting purposes on the 990.
What specific employee benefits does this trust provide?
The NTEE code Y43 indicates 'Employee Benefits'. However, the IRS 990 data provided does not detail the specific types of benefits or programs offered by the trust.
Why do expenses frequently exceed revenue for this organization?
In several recent periods (e.g., 2018, 2017, 2015, 2014), expenses have been higher than revenue. This could indicate the organization is drawing down on prior year surpluses, experiencing fluctuating funding, or operating on a deficit model, though its $0 liabilities suggest it's not accumulating debt.
Filing History
IRS 990 filing history for Hrp Associates Inc Employee Benefits Tr showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2011–2018), Hrp Associates Inc Employee Benefits Tr's revenue has grown by 226.1%, moving from $39K to $128K. Total assets decreased by 27.8% over the same period, from $11K to $8K. Total functional expenses rose by 110%, from $62K to $130K. In its most recent filing year (2018), Hrp Associates Inc Employee Benefits Tr reported a deficit of $3K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2018 | $128K | $130K | $8K | $0 | — | View 990 |
| 2017 | $148K | $150K | $10K | $0 | — | View 990 |
| 2016 | $169K | $164K | $12K | $0 | — | View 990 |
| 2015 | $158K | $162K | $8K | $0 | — | View 990 |
| 2014 | $94K | $136K | $12K | $0 | — | View 990 |
| 2013 | $126K | $87K | $54K | $0 | — | View 990 |
| 2012 | $66K | $62K | $15K | $0 | — | View 990 |
| 2011 | $39K | $62K | $11K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2018: Revenue of $128K, expenses of $130K, and assets of $8K (revenue -14.1% year-over-year).
- 2017: Revenue of $148K, expenses of $150K, and assets of $10K (revenue -12.0% year-over-year).
- 2016: Revenue of $169K, expenses of $164K, and assets of $12K (revenue +6.6% year-over-year).
- 2015: Revenue of $158K, expenses of $162K, and assets of $8K (revenue +68.6% year-over-year).
- 2014: Revenue of $94K, expenses of $136K, and assets of $12K (revenue -25.6% year-over-year).
- 2013: Revenue of $126K, expenses of $87K, and assets of $54K (revenue +90.1% year-over-year).
- 2012: Revenue of $66K, expenses of $62K, and assets of $15K (revenue +69.6% year-over-year).
- 2011: Revenue of $39K, expenses of $62K, and assets of $11K.
Data Sources and Methodology
This transparency report for Hrp Associates Inc Employee Benefits Tr 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.