Permian Basin Regional Training Center
Permian Basin Regional Training Center reports $0 revenue and assets, indicating dormancy or dissolution.
EIN: 204024297 · Carlsbad, NM · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $243K |
| CEO/Top Officer Pay | $443,788 |
| Net Assets | $85K |
| Transparency Score | 10/100 |
Is Permian Basin Regional Training Center Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Permian Basin Regional Training Center
Permian Basin Regional Training Center (EIN: 204024297) is a nonprofit organization based in Carlsbad, NM. 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 Permian Basin Regional Training Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Permian Basin Regional Training Center is a small nonprofit, with 6 years of IRS 990 filings on record (2011–2016). Revenue has grown at a compound annual rate of -13.7%.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
| Total Revenue | $158K |
| Total Expenses | $243K |
| Surplus / Deficit | $-85,252 |
| Total Assets | $92K |
| Total Liabilities | $7K |
| Net Assets | $85K |
| Operating Margin | -53.9% |
| Debt-to-Asset Ratio | 8.0% |
| Months of Reserves | 4.5 months |
Financial Health Grade: B
In 2016, Permian Basin Regional Training Center reported a deficit of $85K with expenses exceeding revenue, holds 4.5 months of operating reserves (adequate), has a debt-to-asset ratio of 8.0% (very low leverage).
Financial Trends
Over 6 years of filings (2011–2016), Permian Basin Regional Training Center's revenue has declined at a compound annual growth rate (CAGR) of -13.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2016 | -49.7% | -13.6% | -47.5% |
| 2015 | -29.2% | -34.8% | +21.5% |
| 2014 | +3.6% | +10.6% | +9.5% |
| 2013 | -0.3% | -9.1% | +39.9% |
| 2012 | +29.8% | +16.0% | +1.0% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Permian Basin Regional Training Center with a Mission Score of 10 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.
Spending Breakdown
- admin: 0%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Permian Basin Regional Training Center allocates its expenses as follows: admin: 0%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $85K, with expenses exceeding revenue.
- Debt-to-asset ratio: 8.0%.
Executive Compensation Analysis
Executive compensation was consistently reported as 0% across all available filings, indicating that officers received no compensation, which is highly efficient for an organization of its former size (revenues up to $443,788 in 2014).
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 Permian Basin Regional Training Center's IRS 990 filings:
- Latest financial data shows $0 revenue and assets, indicating a complete cessation of operations.
- Expenses exceeded revenue in some active years (e.g., $243,278 expenses vs. $158,026 revenue in 2016), leading to deficits.
Strengths
The following positive indicators were identified for Permian Basin Regional Training Center:
- Consistently reported 0% officer compensation, demonstrating a commitment to minimizing administrative costs in its active years.
- Maintained positive net assets for several years during its operational period (e.g., $91,935 in 2016, $175,013 in 2015).
Frequently Asked Questions about Permian Basin Regional Training Center
Is Permian Basin Regional Training Center a legitimate charity?
Permian Basin Regional Training Center (EIN: 204024297) is a registered tax-exempt nonprofit based in New Mexico. Our AI analysis gives it a Mission Score of 10/100. It has 6 years of IRS 990 filings on record. 2 red flags identified. 2 strengths noted. Financial health grade: B.
How does Permian Basin Regional Training Center spend its money?
Permian Basin Regional Training Center reported its financials in IRS 990 filings. 6 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Permian Basin Regional Training Center tax-deductible?
Permian Basin Regional Training Center is registered as a tax-exempt nonprofit (EIN: 204024297). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Permian Basin Regional Training Center CEO make?
Permian Basin Regional Training Center's highest-compensated officer earns $443,788 annually. Executive compensation data is disclosed in IRS 990 filings.
Where is Permian Basin Regional Training Center located?
Permian Basin Regional Training Center is headquartered in Carlsbad, New Mexico and files with the IRS under EIN 204024297.
How many years of IRS 990 filings does Permian Basin Regional Training Center have?
Permian Basin Regional Training Center has 6 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
What is the current operational status of Permian Basin Regional Training Center given its $0 revenue and assets?
The latest financial data indicates the organization is no longer active, reporting $0 in both revenue and assets. This suggests it is either dormant, in the process of dissolution, or has ceased operations.
Why did the organization's financial activity cease so abruptly after 2016?
The provided data does not offer a reason for the sudden cessation of financial activity. Further investigation into more recent filings or public statements would be needed to understand this transition.
What happened to the assets reported in previous years, such as $91,935 in 2016?
The assets reported in previous years are now listed as $0. This implies they have either been liquidated, transferred, or fully expended, likely as part of a wind-down process.
Filing History
IRS 990 filing history for Permian Basin Regional Training Center showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2011–2016), Permian Basin Regional Training Center's revenue has declined by 52.2%, moving from $331K to $158K. Total assets decreased by 1.2% over the same period, from $93K to $92K. Total functional expenses fell by 34.3%, from $370K to $243K. In its most recent filing year (2016), Permian Basin Regional Training Center reported a deficit of $85K, with expenses exceeding revenue. The organization holds $7K in liabilities against $92K in assets (debt-to-asset ratio: 8.0%), resulting in net assets of $85K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2016 | $158K | $243K | $92K | $7K | — | View 990 |
| 2015 | $314K | $282K | $175K | $5K | — | View 990 |
| 2014 | $444K | $432K | $144K | $7K | — | View 990 |
| 2013 | $428K | $391K | $132K | $6K | — | View 990 |
| 2012 | $429K | $430K | $94K | $6K | — | View 990 |
| 2011 | $331K | $370K | $93K | $5K | — | View 990 |
Year-by-Year Financial Summary
- 2016: Revenue of $158K, expenses of $243K, and assets of $92K (revenue -49.7% year-over-year).
- 2015: Revenue of $314K, expenses of $282K, and assets of $175K (revenue -29.2% year-over-year).
- 2014: Revenue of $444K, expenses of $432K, and assets of $144K (revenue +3.6% year-over-year).
- 2013: Revenue of $428K, expenses of $391K, and assets of $132K (revenue -0.3% year-over-year).
- 2012: Revenue of $429K, expenses of $430K, and assets of $94K (revenue +29.8% year-over-year).
- 2011: Revenue of $331K, expenses of $370K, and assets of $93K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Permian Basin Regional Training Center:
Data Sources and Methodology
This transparency report for Permian Basin Regional Training Center 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.