Paul E Trombino Memorial Foundation Inc
Paul E Trombino Memorial Foundation: Minimal Activity, Significant Assets
EIN: 222502285 · Exeter, RI · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Expenses | $2K |
| CEO/Top Officer Pay | $0 |
| Net Assets | $770K |
| Transparency Score | 20/100 |
Is Paul E Trombino Memorial Foundation Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Paul E Trombino Memorial Foundation Inc
Paul E Trombino Memorial Foundation Inc (EIN: 222502285) is a nonprofit organization based in Exeter, RI. 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 Paul E Trombino Memorial Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Paul E Trombino Memorial Foundation Inc is a micro nonprofit that has been operating for 41 years, with 2 years of IRS 990 filings on record (2011–2013). Revenue has grown at a compound annual rate of 40.9%.
Key Financial Metrics (2013)
From the most recent IRS 990 filing on record:
| Total Revenue | $1K |
| Total Expenses | $2K |
| Surplus / Deficit | $-1,126 |
| Total Assets | $770K |
| Net Assets | $770K |
| Operating Margin | -112.2% |
| Months of Reserves | 4336.6 months |
Financial Health Grade: B
In 2013, Paul E Trombino Memorial Foundation Inc reported a deficit of $1K with expenses exceeding revenue, holds 4336.6 months of operating reserves (strong position).
Financial Trends
Over 2 years of filings (2011–2013), Paul E Trombino Memorial Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 40.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2013 | +98.4% | +10550.0% | -0.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1985 |
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 Paul E Trombino Memorial Foundation Inc with a Mission Score of 20 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Paul E Trombino Memorial Foundation Inc allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2013)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is reported as $0 in all available filings, indicating no direct compensation for leadership.
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 Paul E Trombino Memorial Foundation Inc's IRS 990 filings:
- Zero reported program expenses in available filings despite significant assets.
- Limited financial transparency with only two years of data provided.
- No clear indication of the organization's current activities or impact.
Strengths
The following positive indicators were identified for Paul E Trombino Memorial Foundation Inc:
- Maintains a substantial asset base, with total assets reported at $769,751 in 2013.
- No reported liabilities, indicating a strong financial position.
- Low administrative expenses relative to assets in reported years.
Frequently Asked Questions about Paul E Trombino Memorial Foundation Inc
Is Paul E Trombino Memorial Foundation Inc a legitimate charity?
Paul E Trombino Memorial Foundation Inc (EIN: 222502285) is a registered tax-exempt nonprofit based in Rhode Island. Our AI analysis gives it a Mission Score of 20/100. It has 2 years of IRS 990 filings on record. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Paul E Trombino Memorial Foundation Inc spend its money?
Paul E Trombino Memorial Foundation Inc reported its financials in IRS 990 filings. 2 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Paul E Trombino Memorial Foundation Inc tax-deductible?
Paul E Trombino Memorial Foundation Inc is registered as a tax-exempt nonprofit (EIN: 222502285). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Paul E Trombino Memorial Foundation Inc CEO make?
Paul E Trombino Memorial Foundation Inc's highest-compensated officer earns $0 annually. Executive compensation data is disclosed in IRS 990 filings.
Where is Paul E Trombino Memorial Foundation Inc located?
Paul E Trombino Memorial Foundation Inc is headquartered in Exeter, Rhode Island and files with the IRS under EIN 222502285.
How many years of IRS 990 filings does Paul E Trombino Memorial Foundation Inc have?
Paul E Trombino Memorial Foundation Inc has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data.
What does Paul E Trombino Memorial Foundation Inc do?
Paul E Trombino Memorial Foundation Inc is a nonprofit organization in the Unknown sector, located in Exeter, Rhode Island. It is classified under NTEE code Unknown.
How much revenue does Paul E Trombino Memorial Foundation Inc have?
Paul E Trombino Memorial Foundation Inc reported total revenue of N/A. Based on 2 IRS 990 filings on record.
What are Paul E Trombino Memorial Foundation Inc's total assets?
Paul E Trombino Memorial Foundation Inc holds total assets of N/A as reported in IRS 990 filings.
Where is Paul E Trombino Memorial Foundation Inc located?
Paul E Trombino Memorial Foundation Inc is based in Exeter, Rhode Island.
What is Paul E Trombino Memorial Foundation Inc's EIN?
Paul E Trombino Memorial Foundation Inc's Employer Identification Number (EIN) is 222502285. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Paul E Trombino Memorial Foundation Inc?
Paul E Trombino Memorial Foundation Inc is classified under NTEE code Unknown (Unknown).
Is Paul E Trombino Memorial Foundation Inc a registered 501(c)(3)?
Paul E Trombino Memorial Foundation Inc appears in IRS records (EIN: 222502285). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Paul E Trombino Memorial Foundation Inc file IRS Form 990?
Yes, Paul E Trombino Memorial Foundation Inc has 2 IRS Form 990 filings on record. The most recent covers tax period 201312.
What was Paul E Trombino Memorial Foundation Inc's revenue in 2013?
In the 201312 filing period, Paul E Trombino Memorial Foundation Inc reported total revenue of $1,004, total expenses of $2,130, and net assets of $769,751.
Is Paul E Trombino Memorial Foundation Inc's revenue growing or declining?
Paul E Trombino Memorial Foundation Inc's revenue is growing. Revenue went from $506 (201112) to $1,004 (201312), a +98.4% change.
What is Paul E Trombino Memorial Foundation Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Paul E Trombino Memorial Foundation Inc covers tax period 201312. It shows revenue of $1,004, expenses of $2,130, total assets of $769,751, and liabilities of N/A.
Is Paul E Trombino Memorial Foundation Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Paul E Trombino Memorial Foundation Inc has notable concerns. Mission Score: 20/100 (Poor). 3 red flags identified. 3 strengths noted.
What are the red flags for Paul E Trombino Memorial Foundation Inc?
The following concerns were identified: Zero reported program expenses in available filings despite significant assets.. Limited financial transparency with only two years of data provided.. No clear indication of the organization's current activities or impact.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Paul E Trombino Memorial Foundation Inc's strengths?
Positive indicators for Paul E Trombino Memorial Foundation Inc include: Maintains a substantial asset base, with total assets reported at $769,751 in 2013.. No reported liabilities, indicating a strong financial position.. Low administrative expenses relative to assets in reported years.. These findings are derived from AI analysis of the organization's financial filings.
How does Paul E Trombino Memorial Foundation Inc compensate executives?
Executive compensation is reported as $0 in all available filings, indicating no direct compensation for leadership. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the substantial assets and zero reported program expenses, what is the foundation's long-term strategy for utilizing its capital to achieve its mission?
The available data does not provide insight into the foundation's strategy for deploying its $769,751 in assets towards programmatic goals, as no program expenses are reported.
How does the foundation sustain its operations and administrative functions without reporting any revenue or fundraising expenses in the provided filings?
The filings show minimal revenue (e.g., $1,004 in 2013) and no fundraising expenses, suggesting operations are either self-funded from existing assets or supported by unrecorded means.
Filing History
IRS 990 filing history for Paul E Trombino Memorial Foundation Inc showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2011–2013), Paul E Trombino Memorial Foundation Inc's revenue has grown by 98.4%, moving from $506 to $1K. Total assets decreased by 0.1% over the same period, from $771K to $770K. Total functional expenses rose by 10550%, from $20 to $2K. In its most recent filing year (2013), Paul E Trombino Memorial Foundation Inc reported a deficit of $1K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2013 | $1K | $2K | $770K | $0 | — | View 990 |
| 2011 | $506 | $20 | $771K | $0 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Paul E Trombino Memorial Foundation Inc:
Data Sources and Methodology
This transparency report for Paul E Trombino Memorial Foundation Inc 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.