Tn Vol Manufactering Services Inc
Tn Vol Manufacturing Services Inc. experiences significant asset growth alongside a substantial increase in liabilities, maintaining 0% officer compensation.
EIN: 10602033 · Morristown, TN · NTEE: J20 · Updated: 2026-03-28
Is Tn Vol Manufactering Services Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Tn Vol Manufactering Services Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Tn Vol Manufactering Services Inc
Tn Vol Manufactering Services Inc (EIN: 10602033) is a nonprofit organization based in Morristown, TN, classified under NTEE code J20. The organization reported total revenue of $1.5M and total assets of $9.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Tn Vol Manufactering Services 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 Tn Vol Manufactering Services Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Tn Vol Manufactering Services Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers are receiving salaries from the organization. This suggests a volunteer-led or externally compensated leadership structure, which is highly favorable for directing funds towards the organization's mission.
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 Tn Vol Manufactering Services Inc's IRS 990 filings:
- Significant increase in liabilities ($8,036,339 in 2023) alongside asset growth, potentially indicating high debt burden.
- Lack of detailed expense breakdown (program, admin, fundraising) in provided summary data makes full efficiency assessment challenging.
Strengths
The following positive indicators were identified for Tn Vol Manufactering Services Inc:
- Consistent 0% officer compensation across all filings, indicating strong commitment to mission-focused spending.
- Substantial revenue growth, reaching $3,704,107 in 2023.
- Positive net assets in most recent filing ($9,519,515 assets vs. $8,036,339 liabilities).
- Long history of IRS 990 filings (13 filings), demonstrating transparency and compliance.
Frequently Asked Questions about Tn Vol Manufactering Services Inc
Is Tn Vol Manufactering Services Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Tn Vol Manufactering Services Inc (EIN: 10602033) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Tn Vol Manufactering Services Inc spend its money?
Tn Vol Manufactering Services Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Tn Vol Manufactering Services Inc tax-deductible?
Tn Vol Manufactering Services Inc is registered as a tax-exempt nonprofit (EIN: 10602033). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What caused the dramatic increase in assets and liabilities from 2022 to 2023?
In 2022, assets were $46,234 and liabilities were $46,078. By 2023, assets surged to $9,519,515 and liabilities to $8,036,339. This significant change likely indicates a major acquisition of property, plant, or equipment, possibly financed through debt, or a substantial change in the organization's operational model.
How does the organization sustain its operations without officer compensation?
The consistent reporting of 0% officer compensation suggests that leadership may be entirely volunteer-based, compensated by a related entity, or that the organization's structure does not involve paid officers in the traditional sense. This is a notable characteristic that contributes to lower overhead.
What is the long-term plan for managing the increased liabilities?
With liabilities reaching $8,036,339 in 2023, understanding the repayment schedule and the organization's strategy for managing this debt is crucial for assessing long-term financial stability, especially given the asset growth.
Filing History
IRS 990 filing history for Tn Vol Manufactering Services Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Tn Vol Manufactering Services Inc's revenue has grown by 348%, moving from $827K to $3.7M. Total assets increased by 3339.1% over the same period, from $277K to $9.5M. Total functional expenses rose by 167%, from $832K to $2.2M. In its most recent filing year (2023), Tn Vol Manufactering Services Inc reported a surplus of $1.5M, with revenue exceeding expenses. The organization holds $8.0M in liabilities against $9.5M in assets (debt-to-asset ratio: 84.4%), resulting in net assets of $1.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $3.7M | $2.2M | $9.5M | $8.0M | — | — |
| 2022 | $2.2M | $2.2M | $46K | $46K | — | View 990 |
| 2021 | $2.4M | $2.4M | $75K | $75K | — | View 990 |
| 2020 | $2.6M | $2.6M | $591K | $592K | — | View 990 |
| 2019 | $2.6M | $2.6M | $164K | $123K | — | View 990 |
| 2018 | $2.3M | $2.3M | $129K | $127K | — | View 990 |
| 2017 | $1.9M | $2.0M | $27K | $179K | — | View 990 |
| 2016 | $1.5M | $1.5M | $89K | $135K | — | View 990 |
| 2015 | $1.1M | $1.1M | $94K | $149K | — | View 990 |
| 2014 | $721K | $719K | $350K | $396K | — | View 990 |
| 2013 | $679K | $679K | $389K | $436K | — | View 990 |
| 2012 | $909K | $893K | $414K | $462K | — | View 990 |
| 2011 | $827K | $832K | $277K | $341K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.7M, expenses of $2.2M, and assets of $9.5M (revenue +68.2% year-over-year).
- 2022: Revenue of $2.2M, expenses of $2.2M, and assets of $46K (revenue -6.8% year-over-year).
- 2021: Revenue of $2.4M, expenses of $2.4M, and assets of $75K (revenue -8.2% year-over-year).
- 2020: Revenue of $2.6M, expenses of $2.6M, and assets of $591K (revenue -1.7% year-over-year).
- 2019: Revenue of $2.6M, expenses of $2.6M, and assets of $164K (revenue +15.2% year-over-year).
- 2018: Revenue of $2.3M, expenses of $2.3M, and assets of $129K (revenue +17.0% year-over-year).
- 2017: Revenue of $1.9M, expenses of $2.0M, and assets of $27K (revenue +32.8% year-over-year).
- 2016: Revenue of $1.5M, expenses of $1.5M, and assets of $89K (revenue +36.2% year-over-year).
- 2015: Revenue of $1.1M, expenses of $1.1M, and assets of $94K (revenue +49.1% year-over-year).
- 2014: Revenue of $721K, expenses of $719K, and assets of $350K (revenue +6.1% year-over-year).
- 2013: Revenue of $679K, expenses of $679K, and assets of $389K (revenue -25.3% year-over-year).
- 2012: Revenue of $909K, expenses of $893K, and assets of $414K (revenue +9.9% year-over-year).
- 2011: Revenue of $827K, expenses of $832K, and assets of $277K.
Data Sources and Methodology
This transparency report for Tn Vol Manufactering Services 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.