The Triad Health Project
EIN: 581705502 · Greensboro, NC
| Metric | Value |
|---|---|
| Total Revenue | $2.9M |
| Total Expenses | $2.0M |
| Net Assets | $550K |
Is The Triad Health Project Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About The Triad Health Project
The Triad Health Project (EIN: 581705502) is a nonprofit organization based in Greensboro, NC. The organization reported total revenue of $2.9M and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Triad Health Project's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Triad Health Project is a mid-size nonprofit that has been operating for 39 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 4.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.0M |
| Total Expenses | $2.0M |
| Surplus / Deficit | +$24K |
| Total Assets | $914K |
| Total Liabilities | $364K |
| Net Assets | $550K |
| Operating Margin | 1.2% |
| Debt-to-Asset Ratio | 39.8% |
| Months of Reserves | 5.4 months |
Financial Health Grade: A
In 2023, The Triad Health Project reported a surplus of $24K with revenue exceeding expenses, holds 5.4 months of operating reserves (adequate), has a debt-to-asset ratio of 39.8% (moderate leverage).
Financial Trends
Over 12 years of filings (2012–2023), The Triad Health Project's revenue has grown at a compound annual growth rate (CAGR) of 4.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +14.1% | +8.6% | +35.7% |
| 2022 | +23.0% | +26.2% | +1.8% |
| 2021 | +10.3% | +17.5% | -14.2% |
| 2020 | +3.0% | +12.7% | +39.5% |
| 2019 | +15.5% | +13.5% | +55.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for The Triad Health Project has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates The Triad Health Project with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $24K, with revenue exceeding expenses.
- Debt-to-asset ratio: 39.8%.
Frequently Asked Questions about The Triad Health Project
Is The Triad Health Project a legitimate charity?
The Triad Health Project (EIN: 581705502) is a registered tax-exempt nonprofit based in North Carolina. It has 12 years of IRS 990 filings on record. Total revenue: $2.9M. No red flags identified. Financial health grade: A.
How does The Triad Health Project spend its money?
The Triad Health Project reported $2.9M in total revenue in IRS 990 filings. 12 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to The Triad Health Project tax-deductible?
The Triad Health Project is registered as a tax-exempt nonprofit (EIN: 581705502). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is The Triad Health Project located?
The Triad Health Project is headquartered in Greensboro, North Carolina and files with the IRS under EIN 581705502.
How many years of IRS 990 filings does The Triad Health Project have?
The Triad Health Project has 12 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 $2.9M in total revenue.
Filing History
IRS 990 filing history for The Triad Health Project showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), The Triad Health Project's revenue has grown by 69.7%, moving from $1.2M to $2.0M. Total assets increased by 178.7% over the same period, from $328K to $914K. Total functional expenses rose by 72.7%, from $1.2M to $2.0M. In its most recent filing year (2023), The Triad Health Project reported a surplus of $24K, with revenue exceeding expenses. The organization holds $364K in liabilities against $914K in assets (debt-to-asset ratio: 39.8%), resulting in net assets of $550K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.0M | $2.0M | $914K | $364K | — | View 990 |
| 2022 | $1.8M | $1.9M | $673K | $160K | — | View 990 |
| 2021 | $1.5M | $1.5M | $661K | $95K | — | — |
| 2020 | $1.3M | $1.3M | $770K | $209K | — | View 990 |
| 2019 | $1.3M | $1.1M | $552K | $54K | — | View 990 |
| 2018 | $1.1M | $980K | $355K | $28K | — | View 990 |
| 2017 | $1.0M | $1.1M | $256K | $59K | — | View 990 |
| 2016 | $1.2M | $1.2M | $303K | $51K | — | View 990 |
| 2015 | $1.2M | $1.1M | $355K | $40K | — | View 990 |
| 2014 | $1.1M | $1.1M | $317K | $42K | — | View 990 |
| 2013 | $1.2M | $1.2M | $349K | $89K | — | View 990 |
| 2012 | $1.2M | $1.2M | $328K | $70K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.0M, expenses of $2.0M, and assets of $914K (revenue +14.1% year-over-year).
- 2022: Revenue of $1.8M, expenses of $1.9M, and assets of $673K (revenue +23.0% year-over-year).
- 2021: Revenue of $1.5M, expenses of $1.5M, and assets of $661K (revenue +10.3% year-over-year).
- 2020: Revenue of $1.3M, expenses of $1.3M, and assets of $770K (revenue +3.0% year-over-year).
- 2019: Revenue of $1.3M, expenses of $1.1M, and assets of $552K (revenue +15.5% year-over-year).
- 2018: Revenue of $1.1M, expenses of $980K, and assets of $355K (revenue +8.8% year-over-year).
- 2017: Revenue of $1.0M, expenses of $1.1M, and assets of $256K (revenue -13.6% year-over-year).
- 2016: Revenue of $1.2M, expenses of $1.2M, and assets of $303K (revenue -0.5% year-over-year).
- 2015: Revenue of $1.2M, expenses of $1.1M, and assets of $355K (revenue +4.8% year-over-year).
- 2014: Revenue of $1.1M, expenses of $1.1M, and assets of $317K (revenue -3.6% year-over-year).
- 2013: Revenue of $1.2M, expenses of $1.2M, and assets of $349K (revenue -2.4% year-over-year).
- 2012: Revenue of $1.2M, expenses of $1.2M, and assets of $328K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Triad Health Project:
Data Sources and Methodology
This transparency report for The Triad Health Project 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.