Tr Bridgewater Corp
Tr Bridgewater Corp consistently reports zero expenses despite millions in revenue and assets, raising significant financial transparency concerns.
EIN: 204761609 · Chicago, IL · NTEE: S47 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.0M |
| Net Assets | $9.9M |
| Transparency Score | 5/100 |
Is Tr Bridgewater 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 Bridgewater Corp
Tr Bridgewater Corp (EIN: 204761609) is a nonprofit organization based in Chicago, IL, classified under NTEE code S47. The organization reported total revenue of $5.0M and total assets of $25.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Tr Bridgewater Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Tr Bridgewater Corp is a mid-size nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -8.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.7M |
| Total Expenses | $0 |
| Surplus / Deficit | +$1.7M |
| Total Assets | $34.4M |
| Total Liabilities | $24.5M |
| Net Assets | $9.9M |
| Operating Margin | 100.0% |
| Debt-to-Asset Ratio | 71.1% |
Financial Health Grade: B
In 2023, Tr Bridgewater Corp reported a surplus of $1.7M with revenue exceeding expenses, has a debt-to-asset ratio of 71.1% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Tr Bridgewater Corp's revenue has declined at a compound annual growth rate (CAGR) of -8.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.6% | — | -10.3% |
| 2022 | -25.3% | — | -16.5% |
| 2021 | -5.3% | — | -7.7% |
| 2020 | +16.8% | — | -9.9% |
| 2019 | +44.5% | — | -0.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Bridgewater Corp with a Mission Score of 5 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 Bridgewater 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: 71.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an entity with millions in assets and revenue, suggesting either unpaid leadership or a lack of transparency in compensation reporting.
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 Bridgewater Corp's IRS 990 filings:
- Consistent reporting of $0 expenses across all filings, making financial analysis impossible.
- Lack of transparency regarding how millions in revenue and assets are managed without reported expenditures.
- Declining asset base from $62,071,153 in 2016 to $34,416,947 in 2023 without explanation of asset utilization.
- No reported officer compensation, which is highly unusual for an organization of this size and asset base.
- Broad NTEE code (S47 - Other, General) combined with opaque financial reporting.
Strengths
The following positive indicators were identified for Tr Bridgewater Corp:
- Consistent revenue generation over multiple years (e.g., $1,704,480 in 2023, $1,731,395 in 2022).
Frequently Asked Questions about Tr Bridgewater Corp
Is Tr Bridgewater Corp a legitimate charity?
Tr Bridgewater Corp (EIN: 204761609) is a registered tax-exempt nonprofit based in Illinois. Our AI analysis gives it a Mission Score of 5/100. It has 13 years of IRS 990 filings on record. Total revenue: $5.0M. 5 red flags identified. 1 strength noted. Financial health grade: B.
How does Tr Bridgewater Corp spend its money?
Tr Bridgewater Corp reported $5.0M in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Tr Bridgewater Corp tax-deductible?
Tr Bridgewater Corp is registered as a tax-exempt nonprofit (EIN: 204761609). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Tr Bridgewater Corp compare to similar nonprofits?
With a transparency score of 5/100 (Very Poor), Tr Bridgewater Corp is below average for NTEE category S47 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Tr Bridgewater Corp located?
Tr Bridgewater Corp is headquartered in Chicago, Illinois and files with the IRS under EIN 204761609. It is classified under NTEE code S47.
How many years of IRS 990 filings does Tr Bridgewater Corp have?
Tr Bridgewater 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 $5.0M in total revenue.
Why does Tr Bridgewater Corp consistently report $0 in expenses across all its IRS 990 filings?
The consistent reporting of zero expenses is highly unusual and makes it impossible to assess the organization's operational activities, program spending, or efficiency. This could indicate a severe reporting error or a unique, undisclosed operational model.
How does Tr Bridgewater Corp operate without any reported expenses?
Without any reported expenses, it is unclear how the organization conducts any activities, whether programmatic, administrative, or fundraising. This lack of detail prevents any meaningful analysis of its operations.
What is the purpose of Tr Bridgewater Corp given its financial reporting?
The NTEE code S47 (Other, General) is very broad. Given the consistent zero expenses, it is difficult to ascertain the actual purpose or activities of the organization, as no resources appear to be expended on any mission-related work.
Is the declining trend in assets a concern for Tr Bridgewater Corp's long-term viability?
The organization's assets have decreased from $62,071,153 in 2016 to $34,416,947 in 2023. While liabilities have been relatively stable, this decline in net assets, coupled with zero reported expenses, raises questions about asset management and the organization's financial strategy.
Who benefits from Tr Bridgewater Corp's revenue if no expenses are reported?
With no expenses reported, it is unclear how the revenue is utilized or who ultimately benefits. This lack of transparency is a major concern for a nonprofit organization.
Filing History
IRS 990 filing history for Tr Bridgewater Corp showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Tr Bridgewater Corp's revenue has declined by 65.9%, moving from $5.0M to $1.7M. Total assets decreased by 30.5% over the same period, from $49.5M to $34.4M. Total functional expenses fell by 100%, from $7.9M to $0. The organization holds $24.5M in liabilities against $34.4M in assets (debt-to-asset ratio: 71.1%), resulting in net assets of $9.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.7M | $0 | $34.4M | $24.5M | — | View 990 |
| 2022 | $1.7M | $0 | $38.4M | $29.4M | — | View 990 |
| 2021 | $2.3M | $0 | $45.9M | $29.4M | — | — |
| 2020 | $2.4M | $0 | $49.8M | $29.6M | — | View 990 |
| 2019 | $2.1M | $0 | $55.3M | $29.8M | — | View 990 |
| 2018 | $1.5M | $0 | $55.5M | $30.3M | — | View 990 |
| 2017 | $2.4M | $0 | $57.0M | $29.9M | — | View 990 |
| 2016 | $3.1M | $0 | $62.1M | $29.5M | — | View 990 |
| 2015 | $3.1M | $0 | $57.0M | $29.5M | — | View 990 |
| 2014 | $4.0M | $0 | $59.9M | $30.2M | — | View 990 |
| 2013 | $3.0M | $0 | $64.2M | $33.9M | — | View 990 |
| 2012 | $6.5M | $5.9M | $48.5M | $27.8M | — | View 990 |
| 2011 | $5.0M | $7.9M | $49.5M | $29.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.7M, expenses of $0, and assets of $34.4M (revenue -1.6% year-over-year).
- 2022: Revenue of $1.7M, expenses of $0, and assets of $38.4M (revenue -25.3% year-over-year).
- 2021: Revenue of $2.3M, expenses of $0, and assets of $45.9M (revenue -5.3% year-over-year).
- 2020: Revenue of $2.4M, expenses of $0, and assets of $49.8M (revenue +16.8% year-over-year).
- 2019: Revenue of $2.1M, expenses of $0, and assets of $55.3M (revenue +44.5% year-over-year).
- 2018: Revenue of $1.5M, expenses of $0, and assets of $55.5M (revenue -39.3% year-over-year).
- 2017: Revenue of $2.4M, expenses of $0, and assets of $57.0M (revenue -23.4% year-over-year).
- 2016: Revenue of $3.1M, expenses of $0, and assets of $62.1M (revenue +0.2% year-over-year).
- 2015: Revenue of $3.1M, expenses of $0, and assets of $57.0M (revenue -21.9% year-over-year).
- 2014: Revenue of $4.0M, expenses of $0, and assets of $59.9M (revenue +32.5% year-over-year).
- 2013: Revenue of $3.0M, expenses of $0, and assets of $64.2M (revenue -53.5% year-over-year).
- 2012: Revenue of $6.5M, expenses of $5.9M, and assets of $48.5M (revenue +29.5% year-over-year).
- 2011: Revenue of $5.0M, expenses of $7.9M, and assets of $49.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Tr Bridgewater Corp:
Data Sources and Methodology
This transparency report for Tr Bridgewater 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.