Thoroughfare Representative Services Incorporated
EIN: 842042343 · Red Wing, MN · NTEE: P99
| Metric | Value |
|---|---|
| Total Revenue | $318K |
| Total Expenses | $276K |
| Net Assets | $22K |
Is Thoroughfare Representative Services Incorporated Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Thoroughfare Representative Services Incorporated
Thoroughfare Representative Services Incorporated (EIN: 842042343) is a nonprofit organization based in Red Wing, MN, classified under NTEE code P99. The organization reported total revenue of $318K and total assets of $33K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Thoroughfare Representative Services Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Thoroughfare Representative Services Incorporated is a small nonprofit that has been operating for 7 years, with 5 years of IRS 990 filings on record (2019–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $272K |
| Total Expenses | $276K |
| Surplus / Deficit | $-4,005 |
| Total Assets | $22K |
| Net Assets | $22K |
| Operating Margin | -1.5% |
| Months of Reserves | 1.0 months |
Financial Health Grade: C
In 2023, Thoroughfare Representative Services Incorporated reported a deficit of $4K with expenses exceeding revenue, holds 1.0 months of operating reserves (limited).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +16.0% | +22.2% | -15.3% |
| 2022 | +20.2% | +26.1% | +49.6% |
| 2021 | +157.1% | +140.9% | +541.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Thoroughfare Representative Services Incorporated 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 Thoroughfare Representative Services Incorporated 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 deficit of $4K, with expenses exceeding revenue.
Frequently Asked Questions about Thoroughfare Representative Services Incorporated
Is Thoroughfare Representative Services Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Thoroughfare Representative Services Incorporated (EIN: 842042343) insufficient data. 0 red flags identified, 0 strengths noted.
How does Thoroughfare Representative Services Incorporated spend its money?
Detailed spending breakdown data is not yet available for Thoroughfare Representative Services Incorporated. Check back for updated IRS 990 analysis.
Are donations to Thoroughfare Representative Services Incorporated tax-deductible?
Thoroughfare Representative Services Incorporated is registered as a tax-exempt nonprofit (EIN: 842042343). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Thoroughfare Representative Services Incorporated located?
Thoroughfare Representative Services Incorporated is headquartered in Red Wing, Minnesota and files with the IRS under EIN 842042343. It is classified under NTEE code P99.
How many years of IRS 990 filings does Thoroughfare Representative Services Incorporated have?
Thoroughfare Representative Services Incorporated has 5 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 $318K in total revenue.
Filing History
IRS 990 filing history for Thoroughfare Representative Services Incorporated showing financial trends over 5 years of public records:
Total assets increased by 2223400% over the same period, from $1 to $22K. In its most recent filing year (2023), Thoroughfare Representative Services Incorporated reported a deficit of $4K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $272K | $276K | $22K | $0 | — | View 990 |
| 2022 | $234K | $226K | $26K | $0 | — | View 990 |
| 2021 | $195K | $179K | $18K | $0 | — | View 990 |
| 2020 | $76K | $74K | $3K | $1K | — | — |
| 2019 | $0 | $0 | $1 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $272K, expenses of $276K, and assets of $22K (revenue +16.0% year-over-year).
- 2022: Revenue of $234K, expenses of $226K, and assets of $26K (revenue +20.2% year-over-year).
- 2021: Revenue of $195K, expenses of $179K, and assets of $18K (revenue +157.1% year-over-year).
- 2020: Revenue of $76K, expenses of $74K, and assets of $3K.
- 2019: Revenue of $0, expenses of $0, and assets of $1.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Thoroughfare Representative Services Incorporated:
Data Sources and Methodology
This transparency report for Thoroughfare Representative Services Incorporated 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.