Noteman Memorial Fund Trust
Noteman Memorial Fund Trust shows consistent asset growth but recent operational deficit.
EIN: 136063390 · Pittsburgh, PA · NTEE: E110 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.8M |
| Total Expenses | $820K |
| Program Spending | 90% |
| Net Assets | $5.4M |
| Transparency Score | 85/100 |
Is Noteman Memorial Fund Trust Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Noteman Memorial Fund Trust directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Noteman Memorial Fund Trust
Noteman Memorial Fund Trust (EIN: 136063390) is a nonprofit organization based in Pittsburgh, PA, classified under NTEE code E110. The organization reported total revenue of $4.8M and total assets of $8.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Noteman Memorial Fund Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Noteman Memorial Fund Trust is a mid-size nonprofit that has been operating for 54 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $503K |
| Total Expenses | $820K |
| Surplus / Deficit | $-317,539 |
| Total Assets | $5.4M |
| Total Liabilities | $1 |
| Net Assets | $5.4M |
| Operating Margin | -63.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 79.2 months |
Financial Health Grade: B
In 2023, Noteman Memorial Fund Trust reported a deficit of $318K with expenses exceeding revenue, holds 79.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Noteman Memorial Fund Trust's revenue has grown at a compound annual growth rate (CAGR) of 2.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -17.8% | +9.6% | -5.5% |
| 2022 | -33.3% | +6.2% | -2.4% |
| 2021 | -14.7% | -0.3% | +3.7% |
| 2020 | +18.0% | -0.4% | +7.0% |
| 2019 | +25.0% | +2.5% | +28.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1972 |
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 Noteman Memorial Fund Trust with a Mission Score of 85 out of 100 (Excellent). 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, Noteman Memorial Fund Trust 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 deficit of $318K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Noteman Memorial Fund Trust consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This suggests a volunteer-led organization or one where executive functions are handled without direct compensation, which is highly favorable for donor perception.
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 Noteman Memorial Fund Trust's IRS 990 filings:
- Expenses ($820,170) exceeded revenue ($502,631) in the most recent filing (202312), indicating an operational deficit for that period.
- Revenue has shown a declining trend from a peak of over $1 million in 2020 to approximately $500,000 in 2023.
Strengths
The following positive indicators were identified for Noteman Memorial Fund Trust:
- Consistent asset growth, from $3,008,232 in 2011 to $5,412,532 in 2023, demonstrating long-term financial stability.
- Zero officer compensation reported across all filings, indicating efficient use of funds and potentially volunteer leadership.
- Extremely low liabilities ($0-$1) across all reported periods, suggesting strong financial management and minimal debt.
- Strong asset base of $5,412,532 provides a buffer against operational fluctuations.
Frequently Asked Questions about Noteman Memorial Fund Trust
Is Noteman Memorial Fund Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, Noteman Memorial Fund Trust (EIN: 136063390) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Noteman Memorial Fund Trust spend its money?
Noteman Memorial Fund Trust directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Noteman Memorial Fund Trust tax-deductible?
Noteman Memorial Fund Trust is registered as a tax-exempt nonprofit (EIN: 136063390). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Noteman Memorial Fund Trust compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Noteman Memorial Fund Trust is above average for NTEE category E110 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Noteman Memorial Fund Trust located?
Noteman Memorial Fund Trust is headquartered in Pittsburgh, Pennsylvania and files with the IRS under EIN 136063390. It is classified under NTEE code E110.
How many years of IRS 990 filings does Noteman Memorial Fund Trust have?
Noteman Memorial Fund 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. The most recent filing shows $4.8M in total revenue.
Is Noteman Memorial Fund Trust a good charity?
Based on the available data, the Noteman Memorial Fund Trust appears to be a well-managed organization with a strong asset base and no reported officer compensation. Its consistent growth in assets and minimal liabilities are positive indicators. However, the recent deficit in 2023 where expenses exceeded revenue should be monitored.
How does the organization fund its operations given the recent deficit?
In 2023, the organization's expenses ($820,170) exceeded its revenue ($502,631). This deficit was likely covered by drawing from its substantial asset base, which stood at $5,412,532 at the end of 2023. While sustainable in the short term, consistent deficits would eventually erode assets.
What is the trend in the organization's revenue?
Revenue has fluctuated over the years, peaking at $1,075,081 in 2020 and declining to $502,631 in 2023. This recent downward trend in revenue, coupled with increasing expenses, led to the 2023 deficit.
What is the significance of 0% officer compensation?
0% officer compensation means that the organization's top executives or trustees are not receiving salaries from the trust. This is a strong indicator of volunteer leadership or that executive functions are compensated through other means not reported as officer compensation, which can be very appealing to donors concerned about high executive pay.
Filing History
IRS 990 filing history for Noteman Memorial Fund Trust showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Noteman Memorial Fund Trust's revenue has grown by 38.3%, moving from $363K to $503K. Total assets increased by 79.9% over the same period, from $3.0M to $5.4M. Total functional expenses rose by 72.7%, from $475K to $820K. In its most recent filing year (2023), Noteman Memorial Fund Trust reported a deficit of $318K, with expenses exceeding revenue. The organization holds $1 in liabilities against $5.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $5.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $503K | $820K | $5.4M | $1 | — | View 990 |
| 2022 | $612K | $748K | $5.7M | $1 | — | View 990 |
| 2021 | $917K | $704K | $5.9M | $1 | — | — |
| 2020 | $1.1M | $707K | $5.7M | $1 | — | — |
| 2019 | $911K | $709K | $5.3M | $1 | — | View 990 |
| 2015 | $729K | $692K | $4.1M | $0 | — | View 990 |
| 2014 | $829K | $621K | $4.1M | $0 | — | View 990 |
| 2013 | $1.0M | $550K | $3.9M | $0 | — | View 990 |
| 2012 | $902K | $521K | $3.4M | $0 | — | View 990 |
| 2011 | $363K | $475K | $3.0M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $503K, expenses of $820K, and assets of $5.4M (revenue -17.8% year-over-year).
- 2022: Revenue of $612K, expenses of $748K, and assets of $5.7M (revenue -33.3% year-over-year).
- 2021: Revenue of $917K, expenses of $704K, and assets of $5.9M (revenue -14.7% year-over-year).
- 2020: Revenue of $1.1M, expenses of $707K, and assets of $5.7M (revenue +18.0% year-over-year).
- 2019: Revenue of $911K, expenses of $709K, and assets of $5.3M (revenue +25.0% year-over-year).
- 2015: Revenue of $729K, expenses of $692K, and assets of $4.1M (revenue -12.1% year-over-year).
- 2014: Revenue of $829K, expenses of $621K, and assets of $4.1M (revenue -19.8% year-over-year).
- 2013: Revenue of $1.0M, expenses of $550K, and assets of $3.9M (revenue +14.7% year-over-year).
- 2012: Revenue of $902K, expenses of $521K, and assets of $3.4M (revenue +148.4% year-over-year).
- 2011: Revenue of $363K, expenses of $475K, and assets of $3.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Noteman Memorial Fund Trust:
Data Sources and Methodology
This transparency report for Noteman Memorial Fund 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.