Loan Coach Inc
EIN: 854262808 · Tucson, AZ · NTEE: P51
| Metric | Value |
|---|---|
| Total Revenue | $100K |
| Total Expenses | $251K |
| Net Assets | $-181,641 |
Is Loan Coach Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Loan Coach Inc
Loan Coach Inc (EIN: 854262808) is a nonprofit organization based in Tucson, AZ, classified under NTEE code P51. The organization reported total revenue of $100K and total assets of $585 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Loan Coach Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Loan Coach Inc is a small nonprofit that has been operating for 2 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of -30.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $225K |
| Total Expenses | $251K |
| Surplus / Deficit | $-25,561 |
| Total Assets | $5K |
| Total Liabilities | $187K |
| Net Assets | $-181,641 |
| Operating Margin | -11.3% |
| Debt-to-Asset Ratio | 3653.9% |
| Months of Reserves | 0.2 months |
Financial Health Grade: D
In 2023, Loan Coach Inc reported a deficit of $26K with expenses exceeding revenue, holds 0.2 months of operating reserves (limited), has a debt-to-asset ratio of 3653.9% (high leverage).
Financial Trends
Over 3 years of filings (2021–2023), Loan Coach Inc's revenue has declined at a compound annual growth rate (CAGR) of -30.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -42.8% | -56.2% | -61.7% |
| 2022 | -16.3% | +8.5% | -78.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2024 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Loan Coach Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Loan Coach Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $26K, with expenses exceeding revenue.
- Debt-to-asset ratio: 3653.9%.
Frequently Asked Questions about Loan Coach Inc
Is Loan Coach Inc a legitimate charity?
Loan Coach Inc (EIN: 854262808) is a registered tax-exempt nonprofit based in Arizona. It has 3 years of IRS 990 filings on record. Total revenue: $100K. No red flags identified. Financial health grade: D.
How does Loan Coach Inc spend its money?
Loan Coach Inc reported $100K in total revenue in IRS 990 filings. 3 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Loan Coach Inc tax-deductible?
Loan Coach Inc is registered as a tax-exempt nonprofit (EIN: 854262808). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Loan Coach Inc located?
Loan Coach Inc is headquartered in Tucson, Arizona and files with the IRS under EIN 854262808. It is classified under NTEE code P51.
How many years of IRS 990 filings does Loan Coach Inc have?
Loan Coach Inc has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $100K in total revenue.
Filing History
IRS 990 filing history for Loan Coach Inc showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Loan Coach Inc's revenue has declined by 52.1%, moving from $471K to $225K. Total assets decreased by 91.6% over the same period, from $61K to $5K. Total functional expenses fell by 52.5%, from $529K to $251K. In its most recent filing year (2023), Loan Coach Inc reported a deficit of $26K, with expenses exceeding revenue. The organization holds $187K in liabilities against $5K in assets (debt-to-asset ratio: 3653.9%), resulting in net assets of $-181,641.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $225K | $251K | $5K | $187K | — | View 990 |
| 2022 | $394K | $573K | $13K | $258K | — | View 990 |
| 2021 | $471K | $529K | $61K | $119K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $225K, expenses of $251K, and assets of $5K (revenue -42.8% year-over-year).
- 2022: Revenue of $394K, expenses of $573K, and assets of $13K (revenue -16.3% year-over-year).
- 2021: Revenue of $471K, expenses of $529K, and assets of $61K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Loan Coach Inc:
Data Sources and Methodology
This transparency report for Loan Coach Inc 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.