Teachers Pets Child Care Center Inc
Teachers Pets Child Care Center Inc. faces significant financial instability with persistent operating deficits and high liabilities.
EIN: 113126882 · Simsbury, CT · NTEE: P33Z · Updated: 2026-03-28
Is Teachers Pets Child Care Center Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Teachers Pets Child Care Center Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Teachers Pets Child Care Center Inc
Teachers Pets Child Care Center Inc (EIN: 113126882) is a nonprofit organization based in Simsbury, CT, classified under NTEE code P33Z. The organization reported total revenue of $536K and total assets of $60K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Teachers Pets Child Care Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Teachers Pets Child Care Center Inc is a small nonprofit that has been operating for 33 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -4.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $940K |
| Total Expenses | $1.1M |
| Surplus / Deficit | $-115,761 |
| Total Assets | $47K |
| Total Liabilities | $651K |
| Net Assets | $-603,319 |
| Operating Margin | -12.3% |
| Debt-to-Asset Ratio | 1375.8% |
| Months of Reserves | 0.5 months |
Financial Health Grade: D
In 2023, Teachers Pets Child Care Center Inc reported a deficit of $116K with expenses exceeding revenue, holds 0.5 months of operating reserves (limited), has a debt-to-asset ratio of 1375.8% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Teachers Pets Child Care Center Inc's revenue has declined at a compound annual growth rate (CAGR) of -4.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -25.1% | -15.4% | -70.9% |
| 2022 | +31.8% | +10.6% | +23.8% |
| 2021 | +9.2% | -10.6% | +119.9% |
| 2020 | -53.0% | -31.4% | +29.4% |
| 2019 | -1.7% | -3.2% | +15.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1993 |
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 Teachers Pets Child Care Center Inc with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Teachers Pets Child Care Center Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $116K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1375.8%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation, which is a positive sign for resource allocation directly to the mission given the organization's size and financial challenges.
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 Teachers Pets Child Care Center Inc's IRS 990 filings:
- Persistent operating deficits (e.g., $115,761 in 2023, $175,675 in 2021)
- High liabilities relative to assets ($650,607 liabilities vs. $47,288 assets in 2023)
- Significant decline in revenue from 2019 ($1.85M) to 2023 ($940K)
- Negative net asset position
Strengths
The following positive indicators were identified for Teachers Pets Child Care Center Inc:
- No reported officer compensation, indicating resources are not diverted to executive salaries.
Frequently Asked Questions about Teachers Pets Child Care Center Inc
Is Teachers Pets Child Care Center Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Teachers Pets Child Care Center Inc (EIN: 113126882) significant concerns. Mission Score: 45/100. 4 red flags identified, 1 strength noted.
How does Teachers Pets Child Care Center Inc spend its money?
Teachers Pets Child Care Center Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Teachers Pets Child Care Center Inc tax-deductible?
Teachers Pets Child Care Center Inc is registered as a tax-exempt nonprofit (EIN: 113126882). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Teachers Pets Child Care Center Inc. financially stable?
No, the organization is not financially stable. It has consistently reported operating deficits in recent years (e.g., $115,761 deficit in 2023) and carries substantial liabilities ($650,607 in 2023) that far exceed its assets ($47,288).
What is the trend in the organization's revenue and expenses?
Revenue has fluctuated, with a notable decrease from over $1.8 million in 2019 to $940,216 in 2023. Expenses have also decreased but have consistently outpaced revenue in recent periods, leading to deficits.
How do the organization's liabilities compare to its assets?
Liabilities ($650,607 in 2023) are significantly higher than assets ($47,288 in 2023), indicating a negative net asset position and a concerning financial structure.
Filing History
IRS 990 filing history for Teachers Pets Child Care Center Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Teachers Pets Child Care Center Inc's revenue has declined by 40%, moving from $1.6M to $940K. Total assets decreased by 27% over the same period, from $65K to $47K. Total functional expenses fell by 34.1%, from $1.6M to $1.1M. In its most recent filing year (2023), Teachers Pets Child Care Center Inc reported a deficit of $116K, with expenses exceeding revenue. The organization holds $651K in liabilities against $47K in assets (debt-to-asset ratio: 1375.8%), resulting in net assets of $-603,319.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $940K | $1.1M | $47K | $651K | — | — |
| 2022 | $1.3M | $1.2M | $162K | $650K | — | View 990 |
| 2021 | $953K | $1.1M | $131K | $650K | — | View 990 |
| 2020 | $873K | $1.3M | $60K | $403K | — | — |
| 2019 | $1.9M | $1.8M | $46K | $0 | — | View 990 |
| 2018 | $1.9M | $1.9M | $40K | $11K | — | View 990 |
| 2017 | $1.9M | $1.8M | $48K | $0 | — | View 990 |
| 2016 | $1.8M | $1.8M | $12K | $0 | — | View 990 |
| 2015 | $1.7M | $1.7M | $44K | $0 | — | View 990 |
| 2014 | $1.6M | $1.7M | $60K | $0 | — | View 990 |
| 2013 | $1.7M | $1.6M | $66K | $0 | — | View 990 |
| 2012 | $1.6M | $1.6M | $49K | $0 | — | View 990 |
| 2011 | $1.6M | $1.6M | $65K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $940K, expenses of $1.1M, and assets of $47K (revenue -25.1% year-over-year).
- 2022: Revenue of $1.3M, expenses of $1.2M, and assets of $162K (revenue +31.8% year-over-year).
- 2021: Revenue of $953K, expenses of $1.1M, and assets of $131K (revenue +9.2% year-over-year).
- 2020: Revenue of $873K, expenses of $1.3M, and assets of $60K (revenue -53.0% year-over-year).
- 2019: Revenue of $1.9M, expenses of $1.8M, and assets of $46K (revenue -1.7% year-over-year).
- 2018: Revenue of $1.9M, expenses of $1.9M, and assets of $40K (revenue +1.8% year-over-year).
- 2017: Revenue of $1.9M, expenses of $1.8M, and assets of $48K (revenue +0.3% year-over-year).
- 2016: Revenue of $1.8M, expenses of $1.8M, and assets of $12K (revenue +9.0% year-over-year).
- 2015: Revenue of $1.7M, expenses of $1.7M, and assets of $44K (revenue +2.9% year-over-year).
- 2014: Revenue of $1.6M, expenses of $1.7M, and assets of $60K (revenue -0.3% year-over-year).
- 2013: Revenue of $1.7M, expenses of $1.6M, and assets of $66K (revenue +4.6% year-over-year).
- 2012: Revenue of $1.6M, expenses of $1.6M, and assets of $49K (revenue +0.8% year-over-year).
- 2011: Revenue of $1.6M, expenses of $1.6M, and assets of $65K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Teachers Pets Child Care Center Inc:
Data Sources and Methodology
This transparency report for Teachers Pets Child Care Center 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.