Trainriders Northeast
Trainriders Northeast reports $0 revenue and assets in its latest filing, following years of fluctuating, modest income and expenses.
EIN: 10451389 · Portland, ME · NTEE: W40Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $53K |
| Program Spending | 80% |
| Net Assets | $50K |
| Transparency Score | 60/100 |
Is Trainriders Northeast Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Trainriders Northeast directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Trainriders Northeast
Trainriders Northeast (EIN: 10451389) is a nonprofit organization based in Portland, ME, classified under NTEE code W40Z. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Trainriders Northeast's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Trainriders Northeast is a micro nonprofit that has been operating for 32 years, with 7 years of IRS 990 filings on record (2013–2019). Revenue has grown at a compound annual rate of -0.4%.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
| Total Revenue | $49K |
| Total Expenses | $53K |
| Surplus / Deficit | $-3,640 |
| Total Assets | $53K |
| Total Liabilities | $3K |
| Net Assets | $50K |
| Operating Margin | -7.4% |
| Debt-to-Asset Ratio | 5.8% |
| Months of Reserves | 12.1 months |
Financial Health Grade: B
In 2019, Trainriders Northeast reported a deficit of $4K with expenses exceeding revenue, holds 12.1 months of operating reserves (strong position), has a debt-to-asset ratio of 5.8% (very low leverage).
Financial Trends
Over 7 years of filings (2013–2019), Trainriders Northeast's revenue has declined at a compound annual growth rate (CAGR) of -0.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2019 | +85.3% | +5.6% | -10.7% |
| 2018 | -39.4% | -25.2% | -25.8% |
| 2017 | -52.3% | +30.0% | -22.3% |
| 2016 | +179.7% | -53.9% | +63.9% |
| 2015 | -81.3% | +123.3% | -55.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
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 Trainriders Northeast with a Mission Score of 60 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Trainriders Northeast allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $4K, with expenses exceeding revenue.
- Debt-to-asset ratio: 5.8%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that the organization is likely run by volunteers and does not allocate funds to paid officers, which is typical for very small, grassroots nonprofits.
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 Trainriders Northeast's IRS 990 filings:
- Zero revenue and assets in the latest filing, indicating potential inactivity or severe financial distress.
- Significant year-over-year revenue volatility, making financial planning and stability challenging.
- Expenses frequently exceeded revenue in multiple periods (e.g., 2019, 2018, 2017, 2015), leading to asset depletion.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided summary makes full efficiency assessment difficult.
Strengths
The following positive indicators were identified for Trainriders Northeast:
- Consistent reporting of 0% officer compensation, indicating a volunteer-driven model and efficient use of funds for non-executive costs.
- History of consistent IRS 990 filings, demonstrating a commitment to transparency even with minimal financial activity.
- Managed to operate for several years with very modest financial resources, showcasing resilience in its past.
Frequently Asked Questions about Trainriders Northeast
Is Trainriders Northeast a legitimate charity?
Based on AI analysis of IRS 990 filings, Trainriders Northeast (EIN: 10451389) some concerns. Mission Score: 60/100. 4 red flags identified, 3 strengths noted.
How does Trainriders Northeast spend its money?
Trainriders Northeast directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Trainriders Northeast tax-deductible?
Trainriders Northeast is registered as a tax-exempt nonprofit (EIN: 10451389). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Trainriders Northeast's spending goes to programs?
Trainriders Northeast directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Trainriders Northeast compare to similar nonprofits?
With a transparency score of 60/100 (Good), Trainriders Northeast is above average for NTEE category W40Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Trainriders Northeast located?
Trainriders Northeast is headquartered in Portland, Maine and files with the IRS under EIN 10451389. It is classified under NTEE code W40Z.
How many years of IRS 990 filings does Trainriders Northeast have?
Trainriders Northeast has 7 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Is Trainriders Northeast currently operational given its $0 revenue and assets?
The latest filing indicates $0 revenue and $0 assets, which strongly suggests the organization may no longer be actively operating or is in a dormant state. Further inquiry with the organization would be needed to confirm its current status.
How does Trainriders Northeast sustain itself with such low and fluctuating revenue?
Historically, the organization has sustained itself through modest, fluctuating revenues, likely from small grants, donations, or membership fees. The absence of officer compensation suggests a reliance on volunteer efforts to minimize operational costs. However, the latest $0 revenue indicates a significant challenge to its current sustainability.
What caused the significant decline in assets from $141,940 in 2014 to $0 in the latest period?
The decline in assets is likely due to expenses exceeding revenue in multiple years (e.g., 2019, 2018, 2017, 2015), drawing down on reserves. The most recent $0 asset figure suggests a complete depletion of financial resources.
Filing History
IRS 990 filing history for Trainriders Northeast showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2013–2019), Trainriders Northeast's revenue has declined by 2.1%, moving from $50K to $49K. Total assets increased by 225.6% over the same period, from $16K to $53K. Total functional expenses rose by 11%, from $48K to $53K. In its most recent filing year (2019), Trainriders Northeast reported a deficit of $4K, with expenses exceeding revenue. The organization holds $3K in liabilities against $53K in assets (debt-to-asset ratio: 5.8%), resulting in net assets of $50K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2019 | $49K | $53K | $53K | $3K | — | View 990 |
| 2018 | $26K | $50K | $59K | $3K | — | View 990 |
| 2017 | $44K | $67K | $80K | $0 | — | View 990 |
| 2016 | $92K | $51K | $103K | $0 | — | View 990 |
| 2015 | $33K | $112K | $63K | $0 | — | View 990 |
| 2014 | $176K | $50K | $142K | $0 | — | View 990 |
| 2013 | $50K | $48K | $16K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2019: Revenue of $49K, expenses of $53K, and assets of $53K (revenue +85.3% year-over-year).
- 2018: Revenue of $26K, expenses of $50K, and assets of $59K (revenue -39.4% year-over-year).
- 2017: Revenue of $44K, expenses of $67K, and assets of $80K (revenue -52.3% year-over-year).
- 2016: Revenue of $92K, expenses of $51K, and assets of $103K (revenue +179.7% year-over-year).
- 2015: Revenue of $33K, expenses of $112K, and assets of $63K (revenue -81.3% year-over-year).
- 2014: Revenue of $176K, expenses of $50K, and assets of $142K (revenue +250.2% year-over-year).
- 2013: Revenue of $50K, expenses of $48K, and assets of $16K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Trainriders Northeast:
Data Sources and Methodology
This transparency report for Trainriders Northeast 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.