Niagara Tobacco Asset Securitization Corp
Niagara Tobacco Asset Securitization Corp manages over $59 million in liabilities with no officer compensation.
EIN: 161594402 · Lockport, NY · NTEE: W20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.8M |
| Total Expenses | $3.2M |
| Program Spending | 90% |
| Net Assets | $-51,895,993 |
| Transparency Score | 65/100 |
Is Niagara Tobacco Asset Securitization Corp Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Niagara Tobacco Asset Securitization Corp directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Niagara Tobacco Asset Securitization Corp
Niagara Tobacco Asset Securitization Corp (EIN: 161594402) is a nonprofit organization based in Lockport, NY, classified under NTEE code W20. The organization reported total revenue of $2.8M and total assets of $6.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Niagara Tobacco Asset Securitization Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Niagara Tobacco Asset Securitization Corp is a mid-size nonprofit that has been operating for 24 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.7M |
| Total Expenses | $3.2M |
| Surplus / Deficit | +$510K |
| Total Assets | $7.2M |
| Total Liabilities | $59.1M |
| Net Assets | $-51,895,993 |
| Operating Margin | 13.7% |
| Debt-to-Asset Ratio | 821.6% |
| Months of Reserves | 26.8 months |
Financial Health Grade: A
In 2023, Niagara Tobacco Asset Securitization Corp reported a surplus of $510K with revenue exceeding expenses, holds 26.8 months of operating reserves (strong position), has a debt-to-asset ratio of 821.6% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Niagara Tobacco Asset Securitization Corp's revenue has grown at a compound annual growth rate (CAGR) of 0.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -12.6% | -0.3% | +0.4% |
| 2022 | +8.8% | +3.7% | +6.9% |
| 2021 | +10.0% | +12.8% | +2.7% |
| 2020 | +10.7% | -11.8% | +2.3% |
| 2019 | -10.1% | +0.2% | -5.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2002 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Niagara Tobacco Asset Securitization Corp 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Niagara Tobacco Asset Securitization Corp allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $510K, with revenue exceeding expenses.
- Debt-to-asset ratio: 821.6%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating no direct salary or benefits are paid to its executives, which is highly commendable for fiscal responsibility.
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 Niagara Tobacco Asset Securitization Corp's IRS 990 filings:
- Extremely high liabilities relative to assets, indicating a highly leveraged financial structure.
- Lack of detailed program service expense breakdown, making traditional charitable efficiency assessment difficult.
Strengths
The following positive indicators were identified for Niagara Tobacco Asset Securitization Corp:
- Consistent reporting of zero officer compensation across all filings.
- Stable revenue generation over many years, indicating reliable income for its operational purpose.
- Consistent filing of IRS Form 990s over 13 periods, demonstrating financial transparency.
Frequently Asked Questions about Niagara Tobacco Asset Securitization Corp
Is Niagara Tobacco Asset Securitization Corp a legitimate charity?
Based on AI analysis of IRS 990 filings, Niagara Tobacco Asset Securitization Corp (EIN: 161594402) some concerns. Mission Score: 65/100. 2 red flags identified, 3 strengths noted.
How does Niagara Tobacco Asset Securitization Corp spend its money?
Niagara Tobacco Asset Securitization Corp directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Niagara Tobacco Asset Securitization Corp tax-deductible?
Niagara Tobacco Asset Securitization Corp is registered as a tax-exempt nonprofit (EIN: 161594402). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Niagara Tobacco Asset Securitization Corp compare to similar nonprofits?
With a transparency score of 65/100 (Good), Niagara Tobacco Asset Securitization Corp is above average for NTEE category W20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Niagara Tobacco Asset Securitization Corp located?
Niagara Tobacco Asset Securitization Corp is headquartered in Lockport, New York and files with the IRS under EIN 161594402. It is classified under NTEE code W20.
How many years of IRS 990 filings does Niagara Tobacco Asset Securitization Corp have?
Niagara Tobacco Asset Securitization Corp has 13 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 $2.8M in total revenue.
What is the primary purpose of Niagara Tobacco Asset Securitization Corp?
Based on its NTEE code (W20) and financial structure, its primary purpose is likely to manage the securitization of tobacco settlement revenues and related debt obligations for Niagara County, rather than direct charitable program delivery.
Why are the liabilities so high compared to assets?
The high liabilities ($59,088,256 in 2023) relative to assets ($7,192,263 in 2023) are typical for a securitization vehicle, where future revenue streams (tobacco settlement payments) are pledged against bonds or other debt instruments issued to provide upfront capital.
Does this organization engage in fundraising activities?
Given its nature as a tobacco asset securitization corporation, it is highly unlikely to engage in traditional fundraising activities, as its revenue is derived from tobacco settlement payments and investment income.
Filing History
IRS 990 filing history for Niagara Tobacco Asset Securitization Corp showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Niagara Tobacco Asset Securitization Corp's revenue has grown by 7.9%, moving from $3.5M to $3.7M. Total assets increased by 56.8% over the same period, from $4.6M to $7.2M. Total functional expenses fell by 25%, from $4.3M to $3.2M. In its most recent filing year (2023), Niagara Tobacco Asset Securitization Corp reported a surplus of $510K, with revenue exceeding expenses. The organization holds $59.1M in liabilities against $7.2M in assets (debt-to-asset ratio: 821.6%), resulting in net assets of $-51,895,993.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.7M | $3.2M | $7.2M | $59.1M | — | View 990 |
| 2022 | $4.3M | $3.2M | $7.2M | $60.0M | — | View 990 |
| 2021 | $3.9M | $3.1M | $6.7M | $61.1M | — | View 990 |
| 2020 | $3.6M | $2.8M | $6.5M | $62.1M | — | View 990 |
| 2019 | $3.2M | $3.1M | $6.4M | $62.7M | — | View 990 |
| 2018 | $3.6M | $3.1M | $6.7M | $63.2M | — | View 990 |
| 2017 | $3.3M | $3.1M | $6.8M | $63.7M | — | View 990 |
| 2016 | $3.8M | $3.2M | $6.9M | $64.0M | — | View 990 |
| 2015 | $6.4M | $3.2M | $10.0M | $67.8M | — | View 990 |
| 2014 | $4.7M | $6.6M | $7.3M | $68.2M | — | View 990 |
| 2013 | $3.4M | $4.4M | $7.6M | $66.7M | — | View 990 |
| 2012 | $3.5M | $4.3M | $7.8M | $65.9M | — | View 990 |
| 2011 | $3.5M | $4.3M | $4.6M | $64.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.7M, expenses of $3.2M, and assets of $7.2M (revenue -12.6% year-over-year).
- 2022: Revenue of $4.3M, expenses of $3.2M, and assets of $7.2M (revenue +8.8% year-over-year).
- 2021: Revenue of $3.9M, expenses of $3.1M, and assets of $6.7M (revenue +10.0% year-over-year).
- 2020: Revenue of $3.6M, expenses of $2.8M, and assets of $6.5M (revenue +10.7% year-over-year).
- 2019: Revenue of $3.2M, expenses of $3.1M, and assets of $6.4M (revenue -10.1% year-over-year).
- 2018: Revenue of $3.6M, expenses of $3.1M, and assets of $6.7M (revenue +7.6% year-over-year).
- 2017: Revenue of $3.3M, expenses of $3.1M, and assets of $6.8M (revenue -13.0% year-over-year).
- 2016: Revenue of $3.8M, expenses of $3.2M, and assets of $6.9M (revenue -40.1% year-over-year).
- 2015: Revenue of $6.4M, expenses of $3.2M, and assets of $10.0M (revenue +36.4% year-over-year).
- 2014: Revenue of $4.7M, expenses of $6.6M, and assets of $7.3M (revenue +36.1% year-over-year).
- 2013: Revenue of $3.4M, expenses of $4.4M, and assets of $7.6M (revenue -1.8% year-over-year).
- 2012: Revenue of $3.5M, expenses of $4.3M, and assets of $7.8M (revenue +1.6% year-over-year).
- 2011: Revenue of $3.5M, expenses of $4.3M, and assets of $4.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Niagara Tobacco Asset Securitization Corp:
Data Sources and Methodology
This transparency report for Niagara Tobacco Asset Securitization Corp 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.