Tr 16 Market Square Corp
Tr 16 Market Square Corp consistently reports $0 expenses, hindering financial transparency and analysis.
EIN: 202843456 · Chicago, IL · NTEE: S470 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $8.6M |
| CEO/Top Officer Pay | $74 |
| Net Assets | $38.7M |
| Transparency Score | 10/100 |
Is Tr 16 Market Square Corp Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Tr 16 Market Square Corp
Tr 16 Market Square Corp (EIN: 202843456) is a nonprofit organization based in Chicago, IL, classified under NTEE code S470. The organization reported total revenue of $8.6M and total assets of $74.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Tr 16 Market Square Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Tr 16 Market Square Corp is a mid-size nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -8.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.5M |
| Total Expenses | $0 |
| Surplus / Deficit | +$2.5M |
| Total Assets | $83.1M |
| Total Liabilities | $44.5M |
| Net Assets | $38.7M |
| Operating Margin | 100.0% |
| Debt-to-Asset Ratio | 53.5% |
Financial Health Grade: B
In 2023, Tr 16 Market Square Corp reported a surplus of $2.5M with revenue exceeding expenses, has a debt-to-asset ratio of 53.5% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Tr 16 Market Square Corp's revenue has declined at a compound annual growth rate (CAGR) of -8.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -2.5% | — | -27.6% |
| 2022 | -13.1% | — | -4.0% |
| 2021 | -27.1% | — | -0.1% |
| 2020 | -2.2% | — | +13.9% |
| 2019 | +18.5% | — | +8.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Tr 16 Market Square Corp with a Mission Score of 10 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.
Spending Breakdown
- admin: 0%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Tr 16 Market Square Corp allocates its expenses as follows: admin: 0%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- Debt-to-asset ratio: 53.5%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, which is unusual for an organization with assets exceeding $74 million and annual revenues in the millions. While this could indicate a fully volunteer-led executive team, the absence of any reported expenses makes it impossible to verify or understand the operational structure.
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 Tr 16 Market Square Corp's IRS 990 filings:
- Consistent reporting of $0 expenses across all IRS 990 filings (2014-2023), making financial analysis impossible.
- Lack of transparency regarding how millions in revenue and substantial assets are being used.
- Inability to assess program efficiency or impact due to missing expense data.
- Unusual financial reporting for an organization of its size and NTEE code (Community Development Corporations).
Strengths
The following positive indicators were identified for Tr 16 Market Square Corp:
- Substantial asset base, with latest reported assets at $74,295,007.
- Consistent reporting of 0% officer compensation, indicating no direct salary payments to officers from the organization's reported funds.
Frequently Asked Questions about Tr 16 Market Square Corp
Is Tr 16 Market Square Corp a legitimate charity?
Based on AI analysis of IRS 990 filings, Tr 16 Market Square Corp (EIN: 202843456) significant concerns. Mission Score: 10/100. 4 red flags identified, 2 strengths noted.
How does Tr 16 Market Square Corp spend its money?
Detailed spending breakdown data is not yet available for Tr 16 Market Square Corp. Check back for updated IRS 990 analysis.
Are donations to Tr 16 Market Square Corp tax-deductible?
Tr 16 Market Square Corp is registered as a tax-exempt nonprofit (EIN: 202843456). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Tr 16 Market Square Corp CEO make?
Tr 16 Market Square Corp's highest-compensated officer earns $74 annually. The organization reported $8.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Tr 16 Market Square Corp compare to similar nonprofits?
With a transparency score of 10/100 (Very Poor), Tr 16 Market Square Corp is below average for NTEE category S470 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Tr 16 Market Square Corp located?
Tr 16 Market Square Corp is headquartered in Chicago, Illinois and files with the IRS under EIN 202843456. It is classified under NTEE code S470.
How many years of IRS 990 filings does Tr 16 Market Square Corp have?
Tr 16 Market Square Corp has 13 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 $8.6M in total revenue.
Why does Tr 16 Market Square Corp consistently report $0 in expenses across all its IRS 990 filings?
The IRS 990 filings for Tr 16 Market Square Corp from 2014 to 2023 consistently show $0 in expenses. This is a critical data gap that prevents any assessment of how the organization is spending its revenue or what percentage is dedicated to its programs, administration, or fundraising.
Is Tr 16 Market Square Corp a good charity?
Based on the available IRS 990 data, it is impossible to determine if Tr 16 Market Square Corp is a good charity. The consistent reporting of $0 expenses means there is no information on program spending, efficiency, or operational costs, which are fundamental metrics for evaluating a nonprofit.
How does Tr 16 Market Square Corp utilize its significant assets and revenue?
With assets of $74,295,007 and latest revenue of $8,621,444, the organization has substantial financial resources. However, the IRS 990 filings do not provide any details on how these funds are utilized, as all expense categories are reported as $0.
Filing History
IRS 990 filing history for Tr 16 Market Square Corp showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Tr 16 Market Square Corp's revenue has declined by 64.3%, moving from $7.1M to $2.5M. Total assets increased by 48.6% over the same period, from $55.9M to $83.1M. Total functional expenses fell by 100%, from $6.7M to $0. The organization holds $44.5M in liabilities against $83.1M in assets (debt-to-asset ratio: 53.5%), resulting in net assets of $38.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.5M | $0 | $83.1M | $44.5M | — | View 990 |
| 2022 | $2.6M | $0 | $114.8M | $44.3M | — | View 990 |
| 2021 | $3.0M | $0 | $119.6M | $44.7M | — | View 990 |
| 2020 | $4.1M | $0 | $119.7M | $44.2M | — | View 990 |
| 2019 | $4.2M | $0 | $105.1M | $43.8M | — | View 990 |
| 2018 | $3.5M | $0 | $96.7M | $43.9M | — | View 990 |
| 2017 | $3.6M | $0 | $95.5M | $43.9M | — | View 990 |
| 2016 | $2.3M | $0 | $90.8M | $43.7M | — | View 990 |
| 2015 | $2.4M | $0 | $87.9M | $29.8M | — | View 990 |
| 2014 | $2.3M | $0 | $84.8M | $31.8M | — | View 990 |
| 2013 | $1.5M | $0 | $79.2M | $32.5M | — | View 990 |
| 2012 | $6.9M | $6.4M | $56.0M | $33.8M | — | View 990 |
| 2011 | $7.1M | $6.7M | $55.9M | $35.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.5M, expenses of $0, and assets of $83.1M (revenue -2.5% year-over-year).
- 2022: Revenue of $2.6M, expenses of $0, and assets of $114.8M (revenue -13.1% year-over-year).
- 2021: Revenue of $3.0M, expenses of $0, and assets of $119.6M (revenue -27.1% year-over-year).
- 2020: Revenue of $4.1M, expenses of $0, and assets of $119.7M (revenue -2.2% year-over-year).
- 2019: Revenue of $4.2M, expenses of $0, and assets of $105.1M (revenue +18.5% year-over-year).
- 2018: Revenue of $3.5M, expenses of $0, and assets of $96.7M (revenue -2.0% year-over-year).
- 2017: Revenue of $3.6M, expenses of $0, and assets of $95.5M (revenue +53.1% year-over-year).
- 2016: Revenue of $2.3M, expenses of $0, and assets of $90.8M (revenue -2.4% year-over-year).
- 2015: Revenue of $2.4M, expenses of $0, and assets of $87.9M (revenue +5.3% year-over-year).
- 2014: Revenue of $2.3M, expenses of $0, and assets of $84.8M (revenue +53.2% year-over-year).
- 2013: Revenue of $1.5M, expenses of $0, and assets of $79.2M (revenue -78.4% year-over-year).
- 2012: Revenue of $6.9M, expenses of $6.4M, and assets of $56.0M (revenue -2.2% year-over-year).
- 2011: Revenue of $7.1M, expenses of $6.7M, and assets of $55.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Tr 16 Market Square Corp:
Data Sources and Methodology
This transparency report for Tr 16 Market Square Corp 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.