Trek Scholarship Foundation Inc
Trek Scholarship Foundation Inc faces persistent operating deficits, drawing down assets to cover expenses.
EIN: 204143271 · Waterloo, WI · NTEE: B82 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $586K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $2.9 |
| Net Assets | $2.9M |
| Transparency Score | 60/100 |
Is Trek Scholarship Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Trek Scholarship Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Trek Scholarship Foundation Inc
Trek Scholarship Foundation Inc (EIN: 204143271) is a nonprofit organization based in Waterloo, WI, classified under NTEE code B82. The organization reported total revenue of $1.1M and total assets of $2.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Trek Scholarship Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Trek Scholarship Foundation Inc is a mid-size nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $94K |
| Total Expenses | $586K |
| Surplus / Deficit | $-492,168 |
| Total Assets | $2.9M |
| Total Liabilities | $1 |
| Net Assets | $2.9M |
| Operating Margin | -524.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 60.0 months |
Financial Health Grade: B
In 2023, Trek Scholarship Foundation Inc reported a deficit of $492K with expenses exceeding revenue, holds 60.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Trek Scholarship Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -47.3% | +96.8% | -14.2% |
| 2022 | -38.8% | +7.0% | -3.4% |
| 2021 | +536.8% | +60.3% | +0.4% |
| 2020 | -73.7% | -54.3% | -3.5% |
| 2019 | -32.4% | +75.6% | -3.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| 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 Trek Scholarship Foundation Inc 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: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Trek Scholarship Foundation Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $492K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This suggests a volunteer-led executive structure or that compensation is covered by an affiliated entity, which is highly efficient for an organization of its asset size ($2.9 million).
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 Trek Scholarship Foundation Inc's IRS 990 filings:
- Persistent operating deficits (expenses significantly exceeding revenue in multiple periods, e.g., 202307 expenses $585,927 vs. revenue $93,759).
- Declining asset base over time (from $3.7 million in 2015 to $2.9 million in 2023), indicating reliance on reserves.
- Significant year-over-year fluctuations in revenue and expenses, making financial planning appear inconsistent.
Strengths
The following positive indicators were identified for Trek Scholarship Foundation Inc:
- Zero reported officer compensation across all filings, indicating efficient executive overhead.
- Maintains a substantial asset base ($2.8 million in 2023) despite operating deficits, providing a buffer.
- Consistent filing history, demonstrating transparency in reporting to the IRS.
Frequently Asked Questions about Trek Scholarship Foundation Inc
Is Trek Scholarship Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Trek Scholarship Foundation Inc (EIN: 204143271) some concerns. Mission Score: 60/100. 3 red flags identified, 3 strengths noted.
How does Trek Scholarship Foundation Inc spend its money?
Trek Scholarship Foundation Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Trek Scholarship Foundation Inc tax-deductible?
Trek Scholarship Foundation Inc is registered as a tax-exempt nonprofit (EIN: 204143271). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Trek Scholarship Foundation Inc CEO make?
Trek Scholarship Foundation Inc's highest-compensated officer earns $2.9 annually. The organization reported $1.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Trek Scholarship Foundation Inc's spending goes to programs?
Trek Scholarship Foundation Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Trek Scholarship Foundation Inc compare to similar nonprofits?
With a transparency score of 60/100 (Good), Trek Scholarship Foundation Inc is above average for NTEE category B82 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Trek Scholarship Foundation Inc located?
Trek Scholarship Foundation Inc is headquartered in Waterloo, Wisconsin and files with the IRS under EIN 204143271. It is classified under NTEE code B82.
How many years of IRS 990 filings does Trek Scholarship Foundation Inc have?
Trek Scholarship Foundation Inc has 10 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 $1.1M in total revenue.
Is Trek Scholarship Foundation Inc financially sustainable?
The organization's financial sustainability is a concern, as expenses have consistently outpaced revenue in recent years, leading to a draw-down of assets from $3.7 million in 2015 to $2.9 million in 2023. This trend suggests reliance on reserves rather than sustainable operating income.
What is the primary reason for the decline in assets?
The decline in assets appears to be primarily due to the organization consistently spending more than it generates in revenue. For example, in 202307, expenses were $585,927 while revenue was only $93,759, resulting in a significant deficit that likely reduced asset holdings.
How does the organization fund its operations given the revenue shortfalls?
Given the consistent revenue shortfalls compared to expenses, the organization appears to be funding its operations by utilizing its existing asset base. This is evident in the steady decrease of total assets over the past several years.
Filing History
IRS 990 filing history for Trek Scholarship Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Trek Scholarship Foundation Inc's revenue has declined by 13.8%, moving from $109K to $94K. Total assets decreased by 21.6% over the same period, from $3.7M to $2.9M. Total functional expenses rose by 250.7%, from $167K to $586K. In its most recent filing year (2023), Trek Scholarship Foundation Inc reported a deficit of $492K, with expenses exceeding revenue. The organization holds $1 in liabilities against $2.9M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $94K | $586K | $2.9M | $1 | — | View 990 |
| 2022 | $178K | $298K | $3.4M | $1 | — | View 990 |
| 2021 | $291K | $278K | $3.5M | $1 | — | View 990 |
| 2020 | $46K | $174K | $3.5M | $1 | — | — |
| 2019 | $174K | $380K | $3.6M | $0 | — | View 990 |
| 2015 | $257K | $216K | $3.8M | $0 | — | View 990 |
| 2014 | $420K | $200K | $3.7M | $0 | — | View 990 |
| 2013 | $192K | $186K | $3.5M | $0 | — | View 990 |
| 2012 | $47K | $273K | $3.5M | $0 | — | View 990 |
| 2011 | $109K | $167K | $3.7M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $94K, expenses of $586K, and assets of $2.9M (revenue -47.3% year-over-year).
- 2022: Revenue of $178K, expenses of $298K, and assets of $3.4M (revenue -38.8% year-over-year).
- 2021: Revenue of $291K, expenses of $278K, and assets of $3.5M (revenue +536.8% year-over-year).
- 2020: Revenue of $46K, expenses of $174K, and assets of $3.5M (revenue -73.7% year-over-year).
- 2019: Revenue of $174K, expenses of $380K, and assets of $3.6M (revenue -32.4% year-over-year).
- 2015: Revenue of $257K, expenses of $216K, and assets of $3.8M (revenue -38.8% year-over-year).
- 2014: Revenue of $420K, expenses of $200K, and assets of $3.7M (revenue +118.9% year-over-year).
- 2013: Revenue of $192K, expenses of $186K, and assets of $3.5M (revenue +308.5% year-over-year).
- 2012: Revenue of $47K, expenses of $273K, and assets of $3.5M (revenue -56.8% year-over-year).
- 2011: Revenue of $109K, expenses of $167K, and assets of $3.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Trek Scholarship Foundation Inc:
Data Sources and Methodology
This transparency report for Trek Scholarship Foundation 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.