Tour De Troit
EIN: 460845424 · Detroit, MI · NTEE: B60
| Metric | Value |
|---|---|
| Total Revenue | $240K |
| Total Expenses | $310K |
| Net Assets | $-131,517 |
Is Tour De Troit Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Tour De Troit
Tour De Troit (EIN: 460845424) is a nonprofit organization based in Detroit, MI, classified under NTEE code B60. The organization reported total revenue of $240K and total assets of $40K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Tour De Troit's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Tour De Troit is a small nonprofit that has been operating for 13 years, with 11 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of -5.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $220K |
| Total Expenses | $310K |
| Surplus / Deficit | $-89,889 |
| Total Assets | $18K |
| Total Liabilities | $150K |
| Net Assets | $-131,517 |
| Operating Margin | -40.8% |
| Debt-to-Asset Ratio | 811.6% |
| Months of Reserves | 0.7 months |
Financial Health Grade: D
In 2023, Tour De Troit reported a deficit of $90K with expenses exceeding revenue, holds 0.7 months of operating reserves (limited), has a debt-to-asset ratio of 811.6% (high leverage).
Financial Trends
Over 11 years of filings (2013–2023), Tour De Troit's revenue has declined at a compound annual growth rate (CAGR) of -5.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -13.2% | -3.8% | -83.4% |
| 2022 | +52.7% | +75.3% | -38.1% |
| 2021 | -12.3% | +1.2% | -16.3% |
| 2020 | -44.5% | -58.8% | +488.2% |
| 2019 | -11.6% | -4.8% | -73.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2013 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Tour De Troit 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 Tour De Troit 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 $90K, with expenses exceeding revenue.
- Debt-to-asset ratio: 811.6%.
Frequently Asked Questions about Tour De Troit
Is Tour De Troit a legitimate charity?
Based on AI analysis of IRS 990 filings, Tour De Troit (EIN: 460845424) insufficient data. 0 red flags identified, 0 strengths noted.
How does Tour De Troit spend its money?
Detailed spending breakdown data is not yet available for Tour De Troit. Check back for updated IRS 990 analysis.
Are donations to Tour De Troit tax-deductible?
Tour De Troit is registered as a tax-exempt nonprofit (EIN: 460845424). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Tour De Troit located?
Tour De Troit is headquartered in Detroit, Michigan and files with the IRS under EIN 460845424. It is classified under NTEE code B60.
How many years of IRS 990 filings does Tour De Troit have?
Tour De Troit has 11 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 $240K in total revenue.
Filing History
IRS 990 filing history for Tour De Troit showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2013–2023), Tour De Troit's revenue has declined by 45.8%, moving from $406K to $220K. Total assets decreased by 2.1% over the same period, from $19K to $18K. Total functional expenses fell by 19.9%, from $388K to $310K. In its most recent filing year (2023), Tour De Troit reported a deficit of $90K, with expenses exceeding revenue. The organization holds $150K in liabilities against $18K in assets (debt-to-asset ratio: 811.6%), resulting in net assets of $-131,517.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $220K | $310K | $18K | $150K | — | — |
| 2022 | $254K | $322K | $111K | $153K | — | View 990 |
| 2021 | $166K | $184K | $180K | $153K | — | View 990 |
| 2020 | $190K | $182K | $215K | $171K | — | — |
| 2019 | $342K | $442K | $37K | $0 | — | View 990 |
| 2018 | $387K | $464K | $136K | $0 | — | View 990 |
| 2017 | $405K | $414K | $215K | $0 | — | View 990 |
| 2016 | $489K | $475K | $224K | $0 | — | View 990 |
| 2015 | $532K | $454K | $210K | $0 | — | View 990 |
| 2014 | $490K | $377K | $131K | $0 | — | View 990 |
| 2013 | $406K | $388K | $19K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $220K, expenses of $310K, and assets of $18K (revenue -13.2% year-over-year).
- 2022: Revenue of $254K, expenses of $322K, and assets of $111K (revenue +52.7% year-over-year).
- 2021: Revenue of $166K, expenses of $184K, and assets of $180K (revenue -12.3% year-over-year).
- 2020: Revenue of $190K, expenses of $182K, and assets of $215K (revenue -44.5% year-over-year).
- 2019: Revenue of $342K, expenses of $442K, and assets of $37K (revenue -11.6% year-over-year).
- 2018: Revenue of $387K, expenses of $464K, and assets of $136K (revenue -4.5% year-over-year).
- 2017: Revenue of $405K, expenses of $414K, and assets of $215K (revenue -17.2% year-over-year).
- 2016: Revenue of $489K, expenses of $475K, and assets of $224K (revenue -8.1% year-over-year).
- 2015: Revenue of $532K, expenses of $454K, and assets of $210K (revenue +8.8% year-over-year).
- 2014: Revenue of $490K, expenses of $377K, and assets of $131K (revenue +20.4% year-over-year).
- 2013: Revenue of $406K, expenses of $388K, and assets of $19K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Tour De Troit:
Data Sources and Methodology
This transparency report for Tour De Troit 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.