Towing And Recovery Association Of America Inc
EIN: 591942901 · Leominster, MA · NTEE: S41Z
Is Towing And Recovery Association Of America Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Towing And Recovery Association Of America Inc
Towing And Recovery Association Of America Inc (EIN: 591942901) is a nonprofit organization based in Leominster, MA, classified under NTEE code S41Z. The organization reported total revenue of $561K and total assets of $346K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Towing And Recovery Association Of America Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for Towing And Recovery Association Of America Inc 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 Towing And Recovery Association Of America Inc 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.
Frequently Asked Questions about Towing And Recovery Association Of America Inc
Is Towing And Recovery Association Of America Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Towing And Recovery Association Of America Inc (EIN: 591942901) insufficient data. 0 red flags identified, 0 strengths noted.
How does Towing And Recovery Association Of America Inc spend its money?
Detailed spending breakdown data is not yet available for Towing And Recovery Association Of America Inc. Check back for updated IRS 990 analysis.
Are donations to Towing And Recovery Association Of America Inc tax-deductible?
Towing And Recovery Association Of America Inc is registered as a tax-exempt nonprofit (EIN: 591942901). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Towing And Recovery Association Of America Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Towing And Recovery Association Of America Inc's revenue has grown by 40.1%, moving from $348K to $488K. Total assets increased by 66.3% over the same period, from $276K to $460K. Total functional expenses rose by 29.6%, from $355K to $460K. In its most recent filing year (2023), Towing And Recovery Association Of America Inc reported a surplus of $28K, with revenue exceeding expenses. The organization holds $201K in liabilities against $460K in assets (debt-to-asset ratio: 43.7%), resulting in net assets of $259K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $488K | $460K | $460K | $201K | — | — |
| 2022 | $417K | $434K | $404K | $173K | — | View 990 |
| 2021 | $427K | $402K | $452K | $195K | — | View 990 |
| 2020 | $420K | $392K | $367K | $136K | — | View 990 |
| 2019 | $407K | $401K | $310K | $107K | — | — |
| 2018 | $302K | $281K | $281K | $84K | — | View 990 |
| 2017 | $284K | $266K | $238K | $0 | — | View 990 |
| 2016 | $44K | $71K | $219K | $0 | — | View 990 |
| 2016 | $302K | $274K | $247K | $0 | — | View 990 |
| 2015 | $304K | $232K | $218K | $0 | — | View 990 |
| 2014 | $331K | $244K | $158K | $11K | — | View 990 |
| 2013 | $340K | $317K | $71K | $11K | — | View 990 |
| 2012 | $192K | $196K | $389K | $103K | — | View 990 |
| 2011 | $348K | $355K | $276K | $15K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $488K, expenses of $460K, and assets of $460K (revenue +16.9% year-over-year).
- 2022: Revenue of $417K, expenses of $434K, and assets of $404K (revenue -2.1% year-over-year).
- 2021: Revenue of $427K, expenses of $402K, and assets of $452K (revenue +1.6% year-over-year).
- 2020: Revenue of $420K, expenses of $392K, and assets of $367K (revenue +3.1% year-over-year).
- 2019: Revenue of $407K, expenses of $401K, and assets of $310K (revenue +34.7% year-over-year).
- 2018: Revenue of $302K, expenses of $281K, and assets of $281K (revenue +6.3% year-over-year).
- 2017: Revenue of $284K, expenses of $266K, and assets of $238K (revenue +549.6% year-over-year).
- 2016: Revenue of $44K, expenses of $71K, and assets of $219K (revenue -85.5% year-over-year).
- 2016: Revenue of $302K, expenses of $274K, and assets of $247K (revenue -0.5% year-over-year).
- 2015: Revenue of $304K, expenses of $232K, and assets of $218K (revenue -8.0% year-over-year).
- 2014: Revenue of $331K, expenses of $244K, and assets of $158K (revenue -2.8% year-over-year).
- 2013: Revenue of $340K, expenses of $317K, and assets of $71K (revenue +77.0% year-over-year).
- 2012: Revenue of $192K, expenses of $196K, and assets of $389K (revenue -44.8% year-over-year).
- 2011: Revenue of $348K, expenses of $355K, and assets of $276K.
Data Sources and Methodology
This transparency report for Towing And Recovery Association Of America 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.