Taconic Resources For Independence Inc

Taconic Resources For Independence Inc shows consistent financial stability and asset growth with no reported officer compensation.

EIN: 141692576 · Poughkeepsie, NY · NTEE: G42Z · Updated: 2026-03-28

$2.1MRevenue

$1.3MAssets

90/100Mission Score (Excellent)

G42Z

About Taconic Resources For Independence Inc

Taconic Resources For Independence Inc (EIN: 141692576) is a nonprofit organization based in Poughkeepsie, NY, classified under NTEE code G42Z. The organization reported total revenue of $2.1M and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Taconic Resources For Independence Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Taconic Resources For Independence Inc demonstrates consistent financial activity, with revenues and expenses generally in close alignment over the past decade. The organization's assets have shown steady growth, increasing from $430,443 in 2014 to $1,231,855 in 2023, indicating sound financial management and accumulation of resources. While the latest filing (202309) shows expenses ($1,896,157) slightly exceeding revenue ($1,797,023), this is a minor deficit in the context of its overall financial history and asset base. The consistent reporting of 0% officer compensation across all available filings suggests a strong commitment to directing funds towards its mission rather than executive pay, enhancing its transparency and public trust.

The organization appears to be financially stable, maintaining a healthy asset-to-liability ratio. For instance, in 2023, assets were $1,231,855 against liabilities of $434,657. This indicates a strong capacity to cover its obligations. The consistent growth in assets, coupled with generally balanced budgets, points to a well-managed nonprofit capable of sustaining its operations and potentially expanding its programs. The absence of reported officer compensation is a significant positive indicator of its dedication to program spending and efficiency.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Taconic Resources For Independence Inc with a Mission Score of 90 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: 85%
fundraising: 5%

According to IRS 990 filings, Taconic Resources For Independence Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, which is highly commendable for a nonprofit of its size (latest revenue $1,797,023). This indicates that all reported expenses are directed towards operational costs and program delivery, rather than executive salaries.

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.

Strengths

The following positive indicators were identified for Taconic Resources For Independence Inc:

Consistent asset growth, from $430,443 in 2014 to $1,231,855 in 2023, indicating strong financial management.
Zero reported officer compensation across all 13 filings, demonstrating a high commitment to program spending.
Generally balanced revenues and expenses over the past decade, showing operational stability.
Healthy asset-to-liability ratio, indicating strong capacity to meet financial obligations (e.g., 2023 assets $1,231,855 vs. liabilities $434,657).

Frequently Asked Questions about Taconic Resources For Independence Inc

Is Taconic Resources For Independence Inc a good charity?

Based on the financial data, Taconic Resources For Independence Inc appears to be a good charity. It demonstrates strong financial health with growing assets, generally balanced budgets, and a notable commitment to directing funds to its mission by reporting 0% officer compensation across all filings.

How has the organization's financial health changed over the past decade?

The organization's financial health has improved significantly over the past decade, with assets growing from $430,443 in 2014 to $1,231,855 in 2023. Revenues and expenses have also steadily increased, indicating growth in operations while maintaining relative financial balance.

What is the organization's approach to executive compensation?

Taconic Resources For Independence Inc has a highly commendable approach to executive compensation, consistently reporting 0% officer compensation in all available IRS 990 filings. This suggests a strong dedication to maximizing resources for its programs.

Filing History

IRS 990 filing history for Taconic Resources For Independence Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Taconic Resources For Independence Inc's revenue has grown by 108.4%, moving from $862K to $1.8M. Total assets increased by 298.9% over the same period, from $309K to $1.2M. Total functional expenses rose by 116%, from $878K to $1.9M. In its most recent filing year (2023), Taconic Resources For Independence Inc reported a deficit of $99K, with expenses exceeding revenue. The organization holds $435K in liabilities against $1.2M in assets (debt-to-asset ratio: 35.3%), resulting in net assets of $797K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$1.8M	$1.9M	$1.2M	$435K	—	View 990
2022	$1.8M	$1.8M	$1.0M	$126K	—	View 990
2021	$1.9M	$1.8M	$1.1M	$265K	—	—
2020	$1.8M	$1.7M	$995K	$335K	—	—
2019	$2.1M	$2.0M	$781K	$129K	—	View 990
2018	$1.8M	$1.8M	$736K	$150K	—	View 990
2017	$1.6M	$1.5M	$766K	$234K	—	View 990
2016	$1.4M	$1.4M	$686K	$219K	—	View 990
2015	$1.5M	$1.4M	$586K	$120K	—	View 990
2014	$1.4M	$1.3M	$430K	$101K	—	View 990
2013	$1.3M	$1.2M	$369K	$162K	—	View 990
2012	$947K	$936K	$253K	$118K	—	View 990
2011	$862K	$878K	$309K	$186K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $1.8M, expenses of $1.9M, and assets of $1.2M (revenue -2.2% year-over-year).
2022: Revenue of $1.8M, expenses of $1.8M, and assets of $1.0M (revenue -4.1% year-over-year).
2021: Revenue of $1.9M, expenses of $1.8M, and assets of $1.1M (revenue +9.1% year-over-year).
2020: Revenue of $1.8M, expenses of $1.7M, and assets of $995K (revenue -15.9% year-over-year).
2019: Revenue of $2.1M, expenses of $2.0M, and assets of $781K (revenue +13.4% year-over-year).
2018: Revenue of $1.8M, expenses of $1.8M, and assets of $736K (revenue +16.8% year-over-year).
2017: Revenue of $1.6M, expenses of $1.5M, and assets of $766K (revenue +14.0% year-over-year).
2016: Revenue of $1.4M, expenses of $1.4M, and assets of $686K (revenue -7.0% year-over-year).
2015: Revenue of $1.5M, expenses of $1.4M, and assets of $586K (revenue +7.4% year-over-year).
2014: Revenue of $1.4M, expenses of $1.3M, and assets of $430K (revenue +8.4% year-over-year).
2013: Revenue of $1.3M, expenses of $1.2M, and assets of $369K (revenue +34.9% year-over-year).
2012: Revenue of $947K, expenses of $936K, and assets of $253K (revenue +9.8% year-over-year).
2011: Revenue of $862K, expenses of $878K, and assets of $309K.

Data Sources and Methodology

This transparency report for Taconic Resources For Independence 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.