Thomas M Wernert Center
EIN: 341723305 · Toledo, OH · NTEE: F80Z
| Metric | Value |
|---|---|
| Total Revenue | $1.7M |
| Total Expenses | $1.9M |
| Net Assets | $3.1M |
Is Thomas M Wernert Center Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Thomas M Wernert Center
Thomas M Wernert Center (EIN: 341723305) is a nonprofit organization based in Toledo, OH, classified under NTEE code F80Z. The organization reported total revenue of $1.7M and total assets of $3.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Thomas M Wernert Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Thomas M Wernert Center is a mid-size nonprofit that has been operating for 33 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 10.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.8M |
| Total Expenses | $1.9M |
| Surplus / Deficit | $-102,833 |
| Total Assets | $3.7M |
| Total Liabilities | $642K |
| Net Assets | $3.1M |
| Operating Margin | -5.8% |
| Debt-to-Asset Ratio | 17.3% |
| Months of Reserves | 23.6 months |
Financial Health Grade: B
In 2024, Thomas M Wernert Center reported a deficit of $103K with expenses exceeding revenue, holds 23.6 months of operating reserves (strong position), has a debt-to-asset ratio of 17.3% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2024), Thomas M Wernert Center's revenue has grown at a compound annual growth rate (CAGR) of 10.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +0.4% | +2.0% | -4.8% |
| 2023 | -1.0% | +9.1% | -2.3% |
| 2022 | -1.9% | +9.1% | -3.3% |
| 2021 | +28.0% | +8.2% | +4.9% |
| 2020 | +32.5% | +21.0% | -7.8% |
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 Analysis Pending
AI enrichment for Thomas M Wernert Center 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 Thomas M Wernert Center 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $103K, with expenses exceeding revenue.
- Debt-to-asset ratio: 17.3%.
Frequently Asked Questions about Thomas M Wernert Center
Is Thomas M Wernert Center a legitimate charity?
Thomas M Wernert Center (EIN: 341723305) is a registered tax-exempt nonprofit based in Ohio. It has 13 years of IRS 990 filings on record. Total revenue: $1.7M. No red flags identified. Financial health grade: B.
How does Thomas M Wernert Center spend its money?
Thomas M Wernert Center reported $1.7M in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Thomas M Wernert Center tax-deductible?
Thomas M Wernert Center is registered as a tax-exempt nonprofit (EIN: 341723305). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Thomas M Wernert Center located?
Thomas M Wernert Center is headquartered in Toledo, Ohio and files with the IRS under EIN 341723305. It is classified under NTEE code F80Z.
How many years of IRS 990 filings does Thomas M Wernert Center have?
Thomas M Wernert Center 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 $1.7M in total revenue.
Filing History
IRS 990 filing history for Thomas M Wernert Center showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Thomas M Wernert Center's revenue has grown by 221.1%, moving from $554K to $1.8M. Total assets increased by 339.9% over the same period, from $842K to $3.7M. Total functional expenses rose by 241.9%, from $550K to $1.9M. In its most recent filing year (2024), Thomas M Wernert Center reported a deficit of $103K, with expenses exceeding revenue. The organization holds $642K in liabilities against $3.7M in assets (debt-to-asset ratio: 17.3%), resulting in net assets of $3.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $1.8M | $1.9M | $3.7M | $642K | — | View 990 |
| 2023 | $1.8M | $1.8M | $3.9M | $727K | — | View 990 |
| 2022 | $1.8M | $1.7M | $4.0M | $748K | — | View 990 |
| 2021 | $1.8M | $1.5M | $4.1M | $983K | — | — |
| 2020 | $1.4M | $1.4M | $3.9M | $1.1M | — | View 990 |
| 2019 | $1.1M | $1.2M | $4.3M | $1.4M | — | View 990 |
| 2018 | $2.6M | $811K | $3.8M | $801K | — | View 990 |
| 2017 | $1.4M | $716K | $1.6M | $345K | — | View 990 |
| 2016 | $806K | $677K | $869K | $355K | — | View 990 |
| 2015 | $676K | $644K | $747K | $415K | — | View 990 |
| 2014 | $606K | $638K | $761K | $461K | — | View 990 |
| 2013 | $561K | $572K | $792K | $460K | — | View 990 |
| 2012 | $554K | $550K | $842K | $457K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $1.8M, expenses of $1.9M, and assets of $3.7M (revenue +0.4% year-over-year).
- 2023: Revenue of $1.8M, expenses of $1.8M, and assets of $3.9M (revenue -1.0% year-over-year).
- 2022: Revenue of $1.8M, expenses of $1.7M, and assets of $4.0M (revenue -1.9% year-over-year).
- 2021: Revenue of $1.8M, expenses of $1.5M, and assets of $4.1M (revenue +28.0% year-over-year).
- 2020: Revenue of $1.4M, expenses of $1.4M, and assets of $3.9M (revenue +32.5% year-over-year).
- 2019: Revenue of $1.1M, expenses of $1.2M, and assets of $4.3M (revenue -58.1% year-over-year).
- 2018: Revenue of $2.6M, expenses of $811K, and assets of $3.8M (revenue +81.7% year-over-year).
- 2017: Revenue of $1.4M, expenses of $716K, and assets of $1.6M (revenue +75.4% year-over-year).
- 2016: Revenue of $806K, expenses of $677K, and assets of $869K (revenue +19.2% year-over-year).
- 2015: Revenue of $676K, expenses of $644K, and assets of $747K (revenue +11.7% year-over-year).
- 2014: Revenue of $606K, expenses of $638K, and assets of $761K (revenue +8.0% year-over-year).
- 2013: Revenue of $561K, expenses of $572K, and assets of $792K (revenue +1.2% year-over-year).
- 2012: Revenue of $554K, expenses of $550K, and assets of $842K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Thomas M Wernert Center:
Data Sources and Methodology
This transparency report for Thomas M Wernert Center 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.