Merritt Equipment Co Welfare Plan Trust
EIN: 841171558 · Henderson, CO
| Metric | Value |
|---|---|
| Total Expenses | $1.8M |
| Net Assets | $-110,295 |
Is Merritt Equipment Co Welfare Plan Trust Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Merritt Equipment Co Welfare Plan Trust
Merritt Equipment Co Welfare Plan Trust (EIN: 841171558) is a nonprofit organization based in Henderson, CO. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Merritt Equipment Co Welfare Plan Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Merritt Equipment Co Welfare Plan Trust is a mid-size nonprofit that has been operating for 34 years, with 10 years of IRS 990 filings on record (2011–2020). Revenue has grown at a compound annual rate of 7.0%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.8M |
| Total Expenses | $1.8M |
| Surplus / Deficit | +$9K |
| Total Assets | $94K |
| Total Liabilities | $204K |
| Net Assets | $-110,295 |
| Operating Margin | 0.5% |
| Debt-to-Asset Ratio | 217.8% |
| Months of Reserves | 0.6 months |
Financial Health Grade: B
In 2020, Merritt Equipment Co Welfare Plan Trust reported a surplus of $9K with revenue exceeding expenses, holds 0.6 months of operating reserves (limited), has a debt-to-asset ratio of 217.8% (high leverage).
Financial Trends
Over 10 years of filings (2011–2020), Merritt Equipment Co Welfare Plan Trust's revenue has grown at a compound annual growth rate (CAGR) of 7.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | +5.3% | +44.2% | -11.9% |
| 2019 | -16.6% | -52.9% | -54.4% |
| 2018 | +28.1% | +64.8% | +86.3% |
| 2017 | -2.7% | -2.7% | -21.9% |
| 2016 | +10.4% | +10.4% | +28.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1992 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Merritt Equipment Co Welfare Plan Trust 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 Merritt Equipment Co Welfare Plan Trust 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 (2020)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $9K, with revenue exceeding expenses.
- Debt-to-asset ratio: 217.8%.
Frequently Asked Questions about Merritt Equipment Co Welfare Plan Trust
Is Merritt Equipment Co Welfare Plan Trust a legitimate charity?
Merritt Equipment Co Welfare Plan Trust (EIN: 841171558) is a registered tax-exempt nonprofit based in Colorado. It has 10 years of IRS 990 filings on record. No red flags identified. Financial health grade: B.
How does Merritt Equipment Co Welfare Plan Trust spend its money?
Merritt Equipment Co Welfare Plan Trust reported its financials in IRS 990 filings. 10 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Merritt Equipment Co Welfare Plan Trust tax-deductible?
Merritt Equipment Co Welfare Plan Trust is registered as a tax-exempt nonprofit (EIN: 841171558). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Merritt Equipment Co Welfare Plan Trust located?
Merritt Equipment Co Welfare Plan Trust is headquartered in Henderson, Colorado and files with the IRS under EIN 841171558.
How many years of IRS 990 filings does Merritt Equipment Co Welfare Plan Trust have?
Merritt Equipment Co Welfare Plan Trust 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.
Filing History
IRS 990 filing history for Merritt Equipment Co Welfare Plan Trust showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2020), Merritt Equipment Co Welfare Plan Trust's revenue has grown by 83.9%, moving from $981K to $1.8M. Total assets decreased by 6.4% over the same period, from $100K to $94K. Total functional expenses rose by 83%, from $981K to $1.8M. In its most recent filing year (2020), Merritt Equipment Co Welfare Plan Trust reported a surplus of $9K, with revenue exceeding expenses. The organization holds $204K in liabilities against $94K in assets (debt-to-asset ratio: 217.8%), resulting in net assets of $-110,295.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $1.8M | $1.8M | $94K | $204K | — | — |
| 2019 | $1.7M | $1.2M | $106K | $226K | — | — |
| 2018 | $2.1M | $2.6M | $233K | $821K | — | — |
| 2017 | $1.6M | $1.6M | $125K | $125K | — | View 990 |
| 2016 | $1.6M | $1.6M | $160K | $160K | — | View 990 |
| 2015 | $1.5M | $1.5M | $125K | $125K | — | View 990 |
| 2014 | $1.5M | $1.5M | $125K | $125K | — | View 990 |
| 2013 | $1.2M | $1.2M | $125K | $125K | — | View 990 |
| 2012 | $1.3M | $1.3M | $306K | $306K | — | View 990 |
| 2011 | $981K | $981K | $100K | $100K | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $1.8M, expenses of $1.8M, and assets of $94K (revenue +5.3% year-over-year).
- 2019: Revenue of $1.7M, expenses of $1.2M, and assets of $106K (revenue -16.6% year-over-year).
- 2018: Revenue of $2.1M, expenses of $2.6M, and assets of $233K (revenue +28.1% year-over-year).
- 2017: Revenue of $1.6M, expenses of $1.6M, and assets of $125K (revenue -2.7% year-over-year).
- 2016: Revenue of $1.6M, expenses of $1.6M, and assets of $160K (revenue +10.4% year-over-year).
- 2015: Revenue of $1.5M, expenses of $1.5M, and assets of $125K (revenue +1.3% year-over-year).
- 2014: Revenue of $1.5M, expenses of $1.5M, and assets of $125K (revenue +20.2% year-over-year).
- 2013: Revenue of $1.2M, expenses of $1.2M, and assets of $125K (revenue -2.7% year-over-year).
- 2012: Revenue of $1.3M, expenses of $1.3M, and assets of $306K (revenue +28.6% year-over-year).
- 2011: Revenue of $981K, expenses of $981K, and assets of $100K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Merritt Equipment Co Welfare Plan Trust:
Data Sources and Methodology
This transparency report for Merritt Equipment Co Welfare Plan Trust 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.