Tbac Wind Down Ltd
Tbac Wind Down Ltd has ceased operations with $0 revenue and assets, following years of expenses often exceeding revenue.
EIN: 132906037 · Brooklyn, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $18.3M |
| Net Assets | $-2,107,899 |
| Transparency Score | 20/100 |
Is Tbac Wind Down Ltd Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Tbac Wind Down Ltd
Tbac Wind Down Ltd (EIN: 132906037) is a nonprofit organization based in Brooklyn, NY. 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 Tbac Wind Down Ltd's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Tbac Wind Down Ltd is a large nonprofit, with 6 years of IRS 990 filings on record (2011–2016). Revenue has grown at a compound annual rate of -2.7%.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
| Total Revenue | $17.2M |
| Total Expenses | $18.3M |
| Surplus / Deficit | $-1,069,660 |
| Total Assets | $4.3M |
| Total Liabilities | $6.4M |
| Net Assets | $-2,107,899 |
| Operating Margin | -6.2% |
| Debt-to-Asset Ratio | 149.1% |
| Months of Reserves | 2.8 months |
Financial Health Grade: D
In 2016, Tbac Wind Down Ltd reported a deficit of $1.1M with expenses exceeding revenue, holds 2.8 months of operating reserves (limited), has a debt-to-asset ratio of 149.1% (high leverage).
Financial Trends
Over 6 years of filings (2011–2016), Tbac Wind Down Ltd's revenue has declined at a compound annual growth rate (CAGR) of -2.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2016 | -12.6% | -4.7% | -26.6% |
| 2015 | +3.9% | -7.0% | -0.5% |
| 2014 | +0.6% | -3.8% | -9.5% |
| 2013 | +5.9% | +15.5% | -11.2% |
| 2012 | -9.8% | +4.8% | -23.2% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Tbac Wind Down Ltd 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: 0%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Tbac Wind Down Ltd 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 $1.1M, with expenses exceeding revenue.
- Debt-to-asset ratio: 149.1%.
Executive Compensation Analysis
No officer compensation was reported across all available filings, suggesting either a volunteer-led organization or that executive compensation was not disclosed in the standard 'Officer Comp' field.
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 Tbac Wind Down Ltd's IRS 990 filings:
- Current $0 revenue and assets indicate cessation of operations.
- Consistent net losses in multiple active years (e.g., $1.07M in 2016, $1.67M in 2014).
- Liabilities consistently exceeded assets in later active years, indicating potential insolvency.
Strengths
The following positive indicators were identified for Tbac Wind Down Ltd:
- No reported officer compensation, suggesting a potentially volunteer-driven leadership or efficient use of funds in that area during its active period.
Frequently Asked Questions about Tbac Wind Down Ltd
Is Tbac Wind Down Ltd a legitimate charity?
Tbac Wind Down Ltd (EIN: 132906037) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 20/100. It has 6 years of IRS 990 filings on record. 3 red flags identified. 1 strength noted. Financial health grade: D.
How does Tbac Wind Down Ltd spend its money?
Tbac Wind Down Ltd 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 Tbac Wind Down Ltd tax-deductible?
Tbac Wind Down Ltd is registered as a tax-exempt nonprofit (EIN: 132906037). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Tbac Wind Down Ltd located?
Tbac Wind Down Ltd is headquartered in Brooklyn, New York and files with the IRS under EIN 132906037.
How many years of IRS 990 filings does Tbac Wind Down Ltd have?
Tbac Wind Down Ltd 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.
Is Tbac Wind Down Ltd still an active charity?
No, with current revenue and assets reported as $0, Tbac Wind Down Ltd appears to have ceased active operations and completed its wind-down process.
What was the financial trend of Tbac Wind Down Ltd before it ceased operations?
Before ceasing operations, Tbac Wind Down Ltd generally had annual revenues between $17 million and $20 million, but frequently incurred expenses that exceeded revenue, leading to net losses in multiple years, such as a $1.07 million loss in 2016.
Did Tbac Wind Down Ltd have a healthy balance sheet during its active years?
No, in its later active years (e.g., 2016, 2015, 2014), the organization's liabilities consistently exceeded its assets, indicating a potentially unhealthy balance sheet.
Filing History
IRS 990 filing history for Tbac Wind Down Ltd showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2011–2016), Tbac Wind Down Ltd's revenue has declined by 12.8%, moving from $19.7M to $17.2M. Total assets decreased by 54.9% over the same period, from $9.5M to $4.3M. Total functional expenses rose by 3.1%, from $17.7M to $18.3M. In its most recent filing year (2016), Tbac Wind Down Ltd reported a deficit of $1.1M, with expenses exceeding revenue. The organization holds $6.4M in liabilities against $4.3M in assets (debt-to-asset ratio: 149.1%), resulting in net assets of $-2,107,899.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2016 | $17.2M | $18.3M | $4.3M | $6.4M | — | View 990 |
| 2015 | $19.7M | $19.2M | $5.8M | $6.7M | — | View 990 |
| 2014 | $19.0M | $20.6M | $5.9M | $7.2M | — | View 990 |
| 2013 | $18.9M | $21.4M | $6.5M | $6.2M | — | View 990 |
| 2012 | $17.8M | $18.6M | $7.3M | $4.4M | — | View 990 |
| 2011 | $19.7M | $17.7M | $9.5M | $5.8M | — | View 990 |
Year-by-Year Financial Summary
- 2016: Revenue of $17.2M, expenses of $18.3M, and assets of $4.3M (revenue -12.6% year-over-year).
- 2015: Revenue of $19.7M, expenses of $19.2M, and assets of $5.8M (revenue +3.9% year-over-year).
- 2014: Revenue of $19.0M, expenses of $20.6M, and assets of $5.9M (revenue +0.6% year-over-year).
- 2013: Revenue of $18.9M, expenses of $21.4M, and assets of $6.5M (revenue +5.9% year-over-year).
- 2012: Revenue of $17.8M, expenses of $18.6M, and assets of $7.3M (revenue -9.8% year-over-year).
- 2011: Revenue of $19.7M, expenses of $17.7M, and assets of $9.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Tbac Wind Down Ltd:
Data Sources and Methodology
This transparency report for Tbac Wind Down Ltd 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.