Mac Trailer Enterprises Inc Veba
EIN: 260284707 · Alliance, OH · NTEE: Y43
Is Mac Trailer Enterprises Inc Veba Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Mac Trailer Enterprises Inc Veba
Mac Trailer Enterprises Inc Veba (EIN: 260284707) is a nonprofit organization based in Alliance, OH, classified under NTEE code Y43. The organization reported total revenue of $14.8M and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mac Trailer Enterprises Inc Veba's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mac Trailer Enterprises Inc Veba is a large nonprofit that has been operating for 16 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 17.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $12.7M |
| Total Expenses | $11.5M |
| Surplus / Deficit | +$1.2M |
| Total Assets | $6.7M |
| Total Liabilities | $780K |
| Net Assets | $5.9M |
| Operating Margin | 9.7% |
| Debt-to-Asset Ratio | 11.7% |
| Months of Reserves | 7.0 months |
Financial Health Grade: A
In 2023, Mac Trailer Enterprises Inc Veba reported a surplus of $1.2M with revenue exceeding expenses, holds 7.0 months of operating reserves (strong position), has a debt-to-asset ratio of 11.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Mac Trailer Enterprises Inc Veba's revenue has grown at a compound annual growth rate (CAGR) of 17.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.0% | +4.0% | +43.4% |
| 2022 | +17.3% | +39.0% | -2.8% |
| 2021 | -14.5% | -30.7% | +46.8% |
| 2020 | +22.3% | +20.1% | +119.7% |
| 2019 | +45.4% | +27.8% | +3.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2010 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Mac Trailer Enterprises Inc Veba 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 Mac Trailer Enterprises Inc Veba 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 surplus of $1.2M, with revenue exceeding expenses.
- Debt-to-asset ratio: 11.7%.
Frequently Asked Questions about Mac Trailer Enterprises Inc Veba
Is Mac Trailer Enterprises Inc Veba a legitimate charity?
Based on AI analysis of IRS 990 filings, Mac Trailer Enterprises Inc Veba (EIN: 260284707) insufficient data. 0 red flags identified, 0 strengths noted.
How does Mac Trailer Enterprises Inc Veba spend its money?
Detailed spending breakdown data is not yet available for Mac Trailer Enterprises Inc Veba. Check back for updated IRS 990 analysis.
Are donations to Mac Trailer Enterprises Inc Veba tax-deductible?
Mac Trailer Enterprises Inc Veba is registered as a tax-exempt nonprofit (EIN: 260284707). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Mac Trailer Enterprises Inc Veba showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Mac Trailer Enterprises Inc Veba's revenue has grown by 590.7%, moving from $1.8M to $12.7M. Total assets increased by 2074.4% over the same period, from $307K to $6.7M. Total functional expenses rose by 560.5%, from $1.7M to $11.5M. In its most recent filing year (2023), Mac Trailer Enterprises Inc Veba reported a surplus of $1.2M, with revenue exceeding expenses. The organization holds $780K in liabilities against $6.7M in assets (debt-to-asset ratio: 11.7%), resulting in net assets of $5.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $12.7M | $11.5M | $6.7M | $780K | — | View 990 |
| 2022 | $11.8M | $11.0M | $4.7M | $0 | — | View 990 |
| 2021 | $10.0M | $7.9M | $4.8M | $874K | — | View 990 |
| 2020 | $11.7M | $11.5M | $3.3M | $1.6M | — | View 990 |
| 2019 | $9.6M | $9.5M | $1.5M | $0 | — | View 990 |
| 2018 | $6.6M | $7.5M | $1.4M | $0 | — | View 990 |
| 2017 | $6.7M | $6.2M | $2.7M | $431K | — | View 990 |
| 2016 | $7.8M | $7.6M | $1.8M | $14K | — | View 990 |
| 2015 | $7.1M | $6.4M | $1.6M | $0 | — | View 990 |
| 2014 | $5.6M | $5.1M | $871K | $3K | — | View 990 |
| 2013 | $5.3M | $5.1M | $384K | $0 | — | View 990 |
| 2012 | $2.8M | $2.9M | $239K | $21K | — | View 990 |
| 2011 | $1.8M | $1.7M | $307K | $26K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $12.7M, expenses of $11.5M, and assets of $6.7M (revenue +8.0% year-over-year).
- 2022: Revenue of $11.8M, expenses of $11.0M, and assets of $4.7M (revenue +17.3% year-over-year).
- 2021: Revenue of $10.0M, expenses of $7.9M, and assets of $4.8M (revenue -14.5% year-over-year).
- 2020: Revenue of $11.7M, expenses of $11.5M, and assets of $3.3M (revenue +22.3% year-over-year).
- 2019: Revenue of $9.6M, expenses of $9.5M, and assets of $1.5M (revenue +45.4% year-over-year).
- 2018: Revenue of $6.6M, expenses of $7.5M, and assets of $1.4M (revenue -1.5% year-over-year).
- 2017: Revenue of $6.7M, expenses of $6.2M, and assets of $2.7M (revenue -14.2% year-over-year).
- 2016: Revenue of $7.8M, expenses of $7.6M, and assets of $1.8M (revenue +9.8% year-over-year).
- 2015: Revenue of $7.1M, expenses of $6.4M, and assets of $1.6M (revenue +26.9% year-over-year).
- 2014: Revenue of $5.6M, expenses of $5.1M, and assets of $871K (revenue +6.6% year-over-year).
- 2013: Revenue of $5.3M, expenses of $5.1M, and assets of $384K (revenue +88.3% year-over-year).
- 2012: Revenue of $2.8M, expenses of $2.9M, and assets of $239K (revenue +51.7% year-over-year).
- 2011: Revenue of $1.8M, expenses of $1.7M, and assets of $307K.
Data Sources and Methodology
This transparency report for Mac Trailer Enterprises Inc Veba 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.