Naromi Land Trust Incorporated
EIN: 60848037 · Sherman, CT · NTEE: C340
| Metric | Value |
|---|---|
| Total Revenue | $1.0M |
| Total Expenses | $192K |
| Net Assets | $7.3M |
Is Naromi Land Trust Incorporated Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Naromi Land Trust Incorporated
Naromi Land Trust Incorporated (EIN: 60848037) is a nonprofit organization based in Sherman, CT, classified under NTEE code C340. The organization reported total revenue of $1.0M and total assets of $7.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Naromi Land Trust Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Naromi Land Trust Incorporated is a mid-size nonprofit that has been operating for 58 years, with 8 years of IRS 990 filings on record (2012–2019). Revenue has grown at a compound annual rate of 19.4%.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
| Total Revenue | $376K |
| Total Expenses | $192K |
| Surplus / Deficit | +$184K |
| Total Assets | $7.3M |
| Net Assets | $7.3M |
| Operating Margin | 49.0% |
| Months of Reserves | 454.3 months |
Financial Health Grade: A
In 2019, Naromi Land Trust Incorporated reported a surplus of $184K with revenue exceeding expenses, holds 454.3 months of operating reserves (strong position).
Financial Trends
Over 8 years of filings (2012–2019), Naromi Land Trust Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 19.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2019 | +129.4% | +2.7% | +9.8% |
| 2018 | +22.7% | +21.5% | -0.3% |
| 2017 | -18.8% | +60.2% | +94.0% |
| 2016 | +35.1% | -9.8% | +1.0% |
| 2015 | +76.5% | +0.4% | -0.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1968 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Naromi Land Trust Incorporated 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 Naromi Land Trust Incorporated 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 (2019)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $184K, with revenue exceeding expenses.
Frequently Asked Questions about Naromi Land Trust Incorporated
Is Naromi Land Trust Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Naromi Land Trust Incorporated (EIN: 60848037) insufficient data. 0 red flags identified, 0 strengths noted.
How does Naromi Land Trust Incorporated spend its money?
Detailed spending breakdown data is not yet available for Naromi Land Trust Incorporated. Check back for updated IRS 990 analysis.
Are donations to Naromi Land Trust Incorporated tax-deductible?
Naromi Land Trust Incorporated is registered as a tax-exempt nonprofit (EIN: 60848037). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Naromi Land Trust Incorporated located?
Naromi Land Trust Incorporated is headquartered in Sherman, Connecticut and files with the IRS under EIN 60848037. It is classified under NTEE code C340.
How many years of IRS 990 filings does Naromi Land Trust Incorporated have?
Naromi Land Trust Incorporated has 8 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 $1.0M in total revenue.
Filing History
IRS 990 filing history for Naromi Land Trust Incorporated showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2012–2019), Naromi Land Trust Incorporated's revenue has grown by 245.8%, moving from $109K to $376K. Total assets increased by 111.2% over the same period, from $3.4M to $7.3M. Total functional expenses rose by 26.4%, from $152K to $192K. In its most recent filing year (2019), Naromi Land Trust Incorporated reported a surplus of $184K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2019 | $376K | $192K | $7.3M | $0 | — | View 990 |
| 2018 | $164K | $187K | $6.6M | $0 | — | View 990 |
| 2017 | $134K | $154K | $6.6M | $0 | — | View 990 |
| 2016 | $165K | $96K | $3.4M | $0 | — | View 990 |
| 2015 | $122K | $106K | $3.4M | $36K | — | View 990 |
| 2014 | $69K | $106K | $3.4M | $70K | — | View 990 |
| 2013 | $237K | $199K | $3.5M | $104K | — | View 990 |
| 2012 | $109K | $152K | $3.4M | $104K | — | View 990 |
Year-by-Year Financial Summary
- 2019: Revenue of $376K, expenses of $192K, and assets of $7.3M (revenue +129.4% year-over-year).
- 2018: Revenue of $164K, expenses of $187K, and assets of $6.6M (revenue +22.7% year-over-year).
- 2017: Revenue of $134K, expenses of $154K, and assets of $6.6M (revenue -18.8% year-over-year).
- 2016: Revenue of $165K, expenses of $96K, and assets of $3.4M (revenue +35.1% year-over-year).
- 2015: Revenue of $122K, expenses of $106K, and assets of $3.4M (revenue +76.5% year-over-year).
- 2014: Revenue of $69K, expenses of $106K, and assets of $3.4M (revenue -70.9% year-over-year).
- 2013: Revenue of $237K, expenses of $199K, and assets of $3.5M (revenue +117.8% year-over-year).
- 2012: Revenue of $109K, expenses of $152K, and assets of $3.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Naromi Land Trust Incorporated:
Data Sources and Methodology
This transparency report for Naromi Land Trust Incorporated 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.