The Tri Faith Initiative Of Omaha Nebraska
Tri Faith Initiative experiences recent operating deficits despite substantial assets and no reported officer compensation.
EIN: 205485984 · Omaha, NE · NTEE: X90 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $639K |
| Total Expenses | $1.4M |
| Program Spending | 80% |
| Net Assets | $8.7M |
| Transparency Score | 75/100 |
Is The Tri Faith Initiative Of Omaha Nebraska Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Tri Faith Initiative Of Omaha Nebraska directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Tri Faith Initiative Of Omaha Nebraska
The Tri Faith Initiative Of Omaha Nebraska (EIN: 205485984) is a nonprofit organization based in Omaha, NE, classified under NTEE code X90. The organization reported total revenue of $639K and total assets of $7.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Tri Faith Initiative Of Omaha Nebraska's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Tri Faith Initiative Of Omaha Nebraska is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $939K |
| Total Expenses | $1.4M |
| Surplus / Deficit | $-458,436 |
| Total Assets | $8.8M |
| Total Liabilities | $95K |
| Net Assets | $8.7M |
| Operating Margin | -48.8% |
| Debt-to-Asset Ratio | 1.1% |
| Months of Reserves | 75.2 months |
Financial Health Grade: B
In 2023, The Tri Faith Initiative Of Omaha Nebraska reported a deficit of $458K with expenses exceeding revenue, holds 75.2 months of operating reserves (strong position), has a debt-to-asset ratio of 1.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), The Tri Faith Initiative Of Omaha Nebraska's revenue has declined at a compound annual growth rate (CAGR) of -0.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +30.2% | +4.4% | -4.8% |
| 2022 | -52.6% | +3.2% | -6.1% |
| 2021 | -38.9% | +32.0% | +3.9% |
| 2020 | +71.6% | +7.0% | +15.7% |
| 2019 | -32.3% | +46.6% | +4.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 The Tri Faith Initiative Of Omaha Nebraska with a Mission Score of 75 out of 100 (Good). 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, The Tri Faith Initiative Of Omaha Nebraska 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 $458K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership either serves on a volunteer basis or is compensated through other means not classified as officer compensation, 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 The Tri Faith Initiative Of Omaha Nebraska's IRS 990 filings:
- Consistent operating deficits in recent years (2022, 2023)
- Decrease in total assets from 2021 to 2023
Strengths
The following positive indicators were identified for The Tri Faith Initiative Of Omaha Nebraska:
- Substantial asset base ($8,757,990 in 2023)
- No reported officer compensation, indicating efficient use of funds at the executive level
- Consistent IRS 990 filing history, demonstrating transparency
- Strong historical revenue generation, with several years exceeding $1.4 million
Frequently Asked Questions about The Tri Faith Initiative Of Omaha Nebraska
Is The Tri Faith Initiative Of Omaha Nebraska a legitimate charity?
Based on AI analysis of IRS 990 filings, The Tri Faith Initiative Of Omaha Nebraska (EIN: 205485984) some concerns. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
How does The Tri Faith Initiative Of Omaha Nebraska spend its money?
The Tri Faith Initiative Of Omaha Nebraska directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Tri Faith Initiative Of Omaha Nebraska tax-deductible?
The Tri Faith Initiative Of Omaha Nebraska is registered as a tax-exempt nonprofit (EIN: 205485984). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Tri Faith Initiative Of Omaha Nebraska's spending goes to programs?
The Tri Faith Initiative Of Omaha Nebraska directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Tri Faith Initiative Of Omaha Nebraska compare to similar nonprofits?
With a transparency score of 75/100 (Good), The Tri Faith Initiative Of Omaha Nebraska is above average for NTEE category X90 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Tri Faith Initiative Of Omaha Nebraska located?
The Tri Faith Initiative Of Omaha Nebraska is headquartered in Omaha, Nebraska and files with the IRS under EIN 205485984. It is classified under NTEE code X90.
How many years of IRS 990 filings does The Tri Faith Initiative Of Omaha Nebraska have?
The Tri Faith Initiative Of Omaha Nebraska has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $639K in total revenue.
Is The Tri Faith Initiative financially sustainable given recent operating deficits?
The organization has experienced operating deficits in 2022 and 2023, with expenses exceeding revenue by $618,160 and $458,436 respectively. While it possesses significant assets ($8,757,990 in 2023), this trend, if continued, could impact long-term financial sustainability without new revenue streams or expense adjustments.
How does the organization fund its operations without officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization's leadership may be volunteer-based or compensated through non-officer roles, allowing more funds to be directed towards its mission or other operational costs.
What is the trend in the organization's asset base?
The organization's assets have generally grown over time, from $1,015,937 in 2014 to a peak of $9,794,726 in 2021, before slightly decreasing to $8,757,990 in 2023. This indicates a strong historical financial position, though recent declines warrant monitoring.
Filing History
IRS 990 filing history for The Tri Faith Initiative Of Omaha Nebraska showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), The Tri Faith Initiative Of Omaha Nebraska's revenue has declined by 6.8%, moving from $1.0M to $939K. Total assets increased by 468.4% over the same period, from $1.5M to $8.8M. Total functional expenses rose by 748.6%, from $165K to $1.4M. In its most recent filing year (2023), The Tri Faith Initiative Of Omaha Nebraska reported a deficit of $458K, with expenses exceeding revenue. The organization holds $95K in liabilities against $8.8M in assets (debt-to-asset ratio: 1.1%), resulting in net assets of $8.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $939K | $1.4M | $8.8M | $95K | — | View 990 |
| 2022 | $721K | $1.3M | $9.2M | $78K | — | View 990 |
| 2021 | $1.5M | $1.3M | $9.8M | $69K | — | View 990 |
| 2020 | $2.5M | $983K | $9.4M | $42K | — | — |
| 2019 | $1.5M | $919K | $8.1M | $272K | — | View 990 |
| 2018 | $2.1M | $627K | $7.8M | $436K | — | View 990 |
| 2017 | $188K | $292K | $5.8M | $11K | — | — |
| 2016 | $1.4M | $259K | $6.1M | $121K | — | View 990 |
| 2015 | $4.3M | $324K | $4.9M | $130K | — | View 990 |
| 2014 | $98K | $98K | $1.0M | $230K | — | View 990 |
| 2013 | $185K | $287K | $1.1M | $350K | — | View 990 |
| 2012 | $159K | $122K | $1.3M | $452K | — | View 990 |
| 2011 | $1.0M | $165K | $1.5M | $690K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $939K, expenses of $1.4M, and assets of $8.8M (revenue +30.2% year-over-year).
- 2022: Revenue of $721K, expenses of $1.3M, and assets of $9.2M (revenue -52.6% year-over-year).
- 2021: Revenue of $1.5M, expenses of $1.3M, and assets of $9.8M (revenue -38.9% year-over-year).
- 2020: Revenue of $2.5M, expenses of $983K, and assets of $9.4M (revenue +71.6% year-over-year).
- 2019: Revenue of $1.5M, expenses of $919K, and assets of $8.1M (revenue -32.3% year-over-year).
- 2018: Revenue of $2.1M, expenses of $627K, and assets of $7.8M (revenue +1038.6% year-over-year).
- 2017: Revenue of $188K, expenses of $292K, and assets of $5.8M (revenue -86.7% year-over-year).
- 2016: Revenue of $1.4M, expenses of $259K, and assets of $6.1M (revenue -67.1% year-over-year).
- 2015: Revenue of $4.3M, expenses of $324K, and assets of $4.9M (revenue +4309.2% year-over-year).
- 2014: Revenue of $98K, expenses of $98K, and assets of $1.0M (revenue -47.2% year-over-year).
- 2013: Revenue of $185K, expenses of $287K, and assets of $1.1M (revenue +16.3% year-over-year).
- 2012: Revenue of $159K, expenses of $122K, and assets of $1.3M (revenue -84.2% year-over-year).
- 2011: Revenue of $1.0M, expenses of $165K, and assets of $1.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Tri Faith Initiative Of Omaha Nebraska:
Data Sources and Methodology
This transparency report for The Tri Faith Initiative Of Omaha Nebraska 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.