Torline Family Scholarship Tr
EIN: 866512916 · North Newton, KS · NTEE: B82
| Metric | Value |
|---|---|
| Total Revenue | $34K |
| Total Expenses | $6K |
| Net Assets | $76K |
Is Torline Family Scholarship Tr Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Torline Family Scholarship Tr
Torline Family Scholarship Tr (EIN: 866512916) is a nonprofit organization based in North Newton, KS, classified under NTEE code B82. The organization reported total revenue of $34K and total assets of $100K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Torline Family Scholarship Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Torline Family Scholarship Tr is a micro nonprofit that has been operating for 5 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of -5.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6K |
| Total Expenses | $6K |
| Surplus / Deficit | +$59 |
| Total Assets | $76K |
| Total Liabilities | $1 |
| Net Assets | $76K |
| Operating Margin | 1.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 158.0 months |
Financial Health Grade: A
In 2023, Torline Family Scholarship Tr reported a surplus of $59 with revenue exceeding expenses, holds 158.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 3 years of filings (2021–2023), Torline Family Scholarship Tr's revenue has declined at a compound annual growth rate (CAGR) of -5.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +514.1% | +11.9% | +0.1% |
| 2022 | -85.3% | +72.4% | -5.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2021 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Torline Family Scholarship Tr 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 Torline Family Scholarship Tr 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 $59, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Torline Family Scholarship Tr
Is Torline Family Scholarship Tr a legitimate charity?
Based on AI analysis of IRS 990 filings, Torline Family Scholarship Tr (EIN: 866512916) insufficient data. 0 red flags identified, 0 strengths noted.
How does Torline Family Scholarship Tr spend its money?
Detailed spending breakdown data is not yet available for Torline Family Scholarship Tr. Check back for updated IRS 990 analysis.
Are donations to Torline Family Scholarship Tr tax-deductible?
Torline Family Scholarship Tr is registered as a tax-exempt nonprofit (EIN: 866512916). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Torline Family Scholarship Tr located?
Torline Family Scholarship Tr is headquartered in North Newton, Kansas and files with the IRS under EIN 866512916. It is classified under NTEE code B82.
How many years of IRS 990 filings does Torline Family Scholarship Tr have?
Torline Family Scholarship Tr has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $34K in total revenue.
Filing History
IRS 990 filing history for Torline Family Scholarship Tr showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Torline Family Scholarship Tr's revenue has declined by 9.8%, moving from $7K to $6K. Total assets decreased by 5.2% over the same period, from $81K to $76K. Total functional expenses rose by 92.9%, from $3K to $6K. In its most recent filing year (2023), Torline Family Scholarship Tr reported a surplus of $59, with revenue exceeding expenses. The organization holds $1 in liabilities against $76K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $76K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6K | $6K | $76K | $1 | — | — |
| 2022 | $955 | $5K | $76K | $1 | — | View 990 |
| 2021 | $7K | $3K | $81K | $1 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $6K, expenses of $6K, and assets of $76K (revenue +514.1% year-over-year).
- 2022: Revenue of $955, expenses of $5K, and assets of $76K (revenue -85.3% year-over-year).
- 2021: Revenue of $7K, expenses of $3K, and assets of $81K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Torline Family Scholarship Tr:
Data Sources and Methodology
This transparency report for Torline Family Scholarship Tr 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.