Terra Moto Inc
Terra Moto Inc. faces financial instability with recent years showing expenses exceeding revenue and negative net assets.
EIN: 133511637 · S Portland, ME · NTEE: A62Z · Updated: 2026-03-28
Is Terra Moto Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Terra Moto Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Terra Moto Inc
Terra Moto Inc (EIN: 133511637) is a nonprofit organization based in S Portland, ME, classified under NTEE code A62Z. 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 Terra Moto Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Terra Moto Inc with a Mission Score of 55 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, Terra Moto 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.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through non-officer roles, which is a positive sign for resource allocation.
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 Terra Moto Inc's IRS 990 filings:
- Consistent revenue deficits in recent years (e.g., 2021: $32,190 revenue vs. $48,897 expenses; 2020: $89,184 revenue vs. $123,836 expenses).
- Negative net asset position in 2021 (Assets $102,684 vs. Liabilities $149,321).
- Latest available data shows $0 revenue and $0 assets, raising concerns about current operational status.
- Significant increase in liabilities in 2021 without a corresponding increase in assets or revenue.
Strengths
The following positive indicators were identified for Terra Moto Inc:
- Consistent reporting of 0% officer compensation across all filings, indicating efficient use of funds at the executive level.
- History of program activity, as evidenced by expenses incurred over multiple years.
- Demonstrated ability to raise funds in prior years, with revenue reaching $218,499 in 2012.
Frequently Asked Questions about Terra Moto Inc
Is Terra Moto Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Terra Moto Inc (EIN: 133511637) some concerns. Mission Score: 55/100. 4 red flags identified, 3 strengths noted.
How does Terra Moto Inc spend its money?
Terra Moto Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Terra Moto Inc tax-deductible?
Terra Moto Inc is registered as a tax-exempt nonprofit (EIN: 133511637). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Terra Moto Inc. currently active?
The latest available data showing $0 in both revenue and assets suggests the organization may be inactive or in a transitional phase. Further investigation into more recent filings or public statements would be needed to confirm its current operational status.
What caused the significant increase in liabilities in 2021?
In 2021, liabilities jumped to $149,321 from $50,020 in 2020. Without detailed financial statements, the specific reasons for this substantial increase are unclear, but it significantly impacted the organization's net asset position.
How does Terra Moto Inc. fund its operations given the revenue deficits?
In 2021, expenses ($48,897) exceeded revenue ($32,190) by over $16,000. Similarly, in 2020, expenses ($123,836) exceeded revenue ($89,184) by over $34,000. This suggests the organization is either drawing down on prior reserves, incurring debt, or relying on other unreported funding sources to cover operational costs.
What is the NTEE code A62Z and how does it relate to the organization's activities?
NTEE code A62Z typically refers to 'Environmental Protection & Conservation, Other.' Understanding the specific programs and activities under this category would provide insight into how the organization aims to achieve its mission.
Filing History
IRS 990 filing history for Terra Moto Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2021), Terra Moto Inc's revenue has declined by 78.6%, moving from $150K to $32K. Total assets increased by 265.7% over the same period, from $28K to $103K. Total functional expenses fell by 67%, from $148K to $49K. In its most recent filing year (2021), Terra Moto Inc reported a deficit of $17K, with expenses exceeding revenue. The organization holds $149K in liabilities against $103K in assets (debt-to-asset ratio: 145.4%), resulting in net assets of $-46,637.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2021 | $32K | $49K | $103K | $149K | — | — |
| 2020 | $89K | $124K | $20K | $50K | — | View 990 |
| 2019 | $75K | $69K | $24K | $20K | — | View 990 |
| 2018 | $61K | $62K | $22K | $23K | — | View 990 |
| 2015 | $41K | $41K | $15K | $300 | — | View 990 |
| 2014 | $132K | $132K | $14K | $0 | — | View 990 |
| 2013 | $169K | $167K | $36K | $18K | — | View 990 |
| 2012 | $218K | $217K | $34K | $17K | — | View 990 |
| 2011 | $150K | $148K | $28K | $13K | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $32K, expenses of $49K, and assets of $103K (revenue -63.9% year-over-year).
- 2020: Revenue of $89K, expenses of $124K, and assets of $20K (revenue +18.9% year-over-year).
- 2019: Revenue of $75K, expenses of $69K, and assets of $24K (revenue +23.4% year-over-year).
- 2018: Revenue of $61K, expenses of $62K, and assets of $22K (revenue +46.8% year-over-year).
- 2015: Revenue of $41K, expenses of $41K, and assets of $15K (revenue -68.6% year-over-year).
- 2014: Revenue of $132K, expenses of $132K, and assets of $14K (revenue -22.0% year-over-year).
- 2013: Revenue of $169K, expenses of $167K, and assets of $36K (revenue -22.8% year-over-year).
- 2012: Revenue of $218K, expenses of $217K, and assets of $34K (revenue +45.3% year-over-year).
- 2011: Revenue of $150K, expenses of $148K, and assets of $28K.
Data Sources and Methodology
This transparency report for Terra Moto 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.