Tremont Monterey Day Care Center Inc
Tremont Monterey Day Care Center Inc consistently operates near break-even with no reported officer compensation.
EIN: 132676543 · Bronx, NY · NTEE: P33Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $13.7M |
| Total Expenses | $12.6M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $10 |
| Net Assets | $603K |
| Transparency Score | 85/100 |
Is Tremont Monterey Day Care Center Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Tremont Monterey Day Care Center Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Tremont Monterey Day Care Center Inc
Tremont Monterey Day Care Center Inc (EIN: 132676543) is a nonprofit organization based in Bronx, NY, classified under NTEE code P33Z. The organization reported total revenue of $13.7M and total assets of $3.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Tremont Monterey Day Care Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Tremont Monterey Day Care Center Inc is a large nonprofit that has been operating for 50 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $12.7M |
| Total Expenses | $12.6M |
| Surplus / Deficit | +$93K |
| Total Assets | $3.0M |
| Total Liabilities | $2.4M |
| Net Assets | $603K |
| Operating Margin | 0.7% |
| Debt-to-Asset Ratio | 80.2% |
| Months of Reserves | 2.9 months |
Financial Health Grade: B
In 2023, Tremont Monterey Day Care Center Inc reported a surplus of $93K with revenue exceeding expenses, holds 2.9 months of operating reserves (limited), has a debt-to-asset ratio of 80.2% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Tremont Monterey Day Care Center Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +20.1% | +21.2% | +35.2% |
| 2022 | +9.5% | +7.4% | +5.2% |
| 2021 | -19.5% | -19.5% | +19.3% |
| 2020 | -13.6% | -13.7% | -34.1% |
| 2019 | +3.8% | +3.9% | -5.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1976 |
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 Tremont Monterey Day Care Center Inc with a Mission Score of 85 out of 100 (Excellent). 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: 85%
- fundraising: 5%
According to IRS 990 filings, Tremont Monterey Day Care Center Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 surplus of $93K, with revenue exceeding expenses.
- Debt-to-asset ratio: 80.2%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is unusual for an organization of its size with annual revenues exceeding $10 million. This suggests either a volunteer leadership model or that compensation is categorized differently, requiring further inquiry for full transparency.
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 Tremont Monterey Day Care Center Inc's IRS 990 filings:
- Consistent 0% officer compensation reported, which is unusual for an organization of this size and warrants further investigation into executive compensation practices.
Strengths
The following positive indicators were identified for Tremont Monterey Day Care Center Inc:
- Consistent near break-even operations, indicating sound financial management.
- Steady growth in assets over the past decade, from $2,081,972 in 2014 to $3,048,010 in 2023.
- No reported officer compensation, suggesting a potential dedication of resources directly to mission or a volunteer leadership model.
Frequently Asked Questions about Tremont Monterey Day Care Center Inc
Is Tremont Monterey Day Care Center Inc a legitimate charity?
Tremont Monterey Day Care Center Inc (EIN: 132676543) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $13.7M. 1 red flag identified. 3 strengths noted. Financial health grade: B.
How does Tremont Monterey Day Care Center Inc spend its money?
Tremont Monterey Day Care Center Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Tremont Monterey Day Care Center Inc tax-deductible?
Tremont Monterey Day Care Center Inc is registered as a tax-exempt nonprofit (EIN: 132676543). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Tremont Monterey Day Care Center Inc CEO make?
Tremont Monterey Day Care Center Inc's highest-compensated officer earns $10 annually. The organization reported $13.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Tremont Monterey Day Care Center Inc's spending goes to programs?
Tremont Monterey Day Care Center Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Tremont Monterey Day Care Center Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Tremont Monterey Day Care Center Inc is above average for NTEE category P33Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Tremont Monterey Day Care Center Inc located?
Tremont Monterey Day Care Center Inc is headquartered in Bronx, New York and files with the IRS under EIN 132676543. It is classified under NTEE code P33Z.
How many years of IRS 990 filings does Tremont Monterey Day Care Center Inc have?
Tremont Monterey Day Care Center Inc 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 $13.7M in total revenue.
Is Tremont Monterey Day Care Center Inc a good charity?
Based on the provided data, the organization appears to be financially stable, consistently operating near break-even, and shows no reported officer compensation, which can be a positive indicator of resource allocation towards its mission. However, the lack of officer compensation details warrants further investigation to understand the full compensation structure.
How has the organization's financial health changed over the past decade?
Tremont Monterey Day Care Center Inc has maintained a consistent financial profile over the past decade, with revenues and expenses closely aligned. Assets have shown a gradual increase from $2,081,972 in 2014 to $3,048,010 in 2023, indicating steady growth in its financial base.
What is the trend in the organization's net assets?
The organization's net assets (Assets minus Liabilities) have fluctuated but generally shown a positive trend. For example, in 2014, net assets were approximately $390,085 ($2,081,972 - $1,691,887), growing to approximately $602,923 ($3,048,010 - $2,445,087) in 2023, indicating a modest but consistent accumulation of reserves.
What is the significance of 0% officer compensation?
The consistent reporting of 0% officer compensation is highly unusual for an organization with over $10 million in annual revenue. It could mean that the leadership is entirely volunteer, or that compensation for key executives is reported under different expense categories (e.g., program staff salaries) or paid by a related entity, which would require deeper scrutiny for complete financial transparency.
Filing History
IRS 990 filing history for Tremont Monterey Day Care Center Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Tremont Monterey Day Care Center Inc's revenue has grown by 96.4%, moving from $6.5M to $12.7M. Total assets increased by 153.1% over the same period, from $1.2M to $3.0M. Total functional expenses rose by 94.5%, from $6.5M to $12.6M. In its most recent filing year (2023), Tremont Monterey Day Care Center Inc reported a surplus of $93K, with revenue exceeding expenses. The organization holds $2.4M in liabilities against $3.0M in assets (debt-to-asset ratio: 80.2%), resulting in net assets of $603K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $12.7M | $12.6M | $3.0M | $2.4M | — | — |
| 2022 | $10.6M | $10.4M | $2.3M | $1.7M | — | View 990 |
| 2021 | $9.7M | $9.7M | $2.1M | $1.8M | — | — |
| 2020 | $12.0M | $12.0M | $1.8M | $1.4M | — | View 990 |
| 2019 | $13.9M | $14.0M | $2.7M | $2.3M | — | View 990 |
| 2018 | $13.4M | $13.4M | $2.9M | $2.4M | — | View 990 |
| 2017 | $13.0M | $13.0M | $2.9M | $2.4M | — | View 990 |
| 2016 | $11.6M | $11.6M | $2.8M | $2.3M | — | View 990 |
| 2015 | $9.8M | $9.8M | $2.8M | $2.5M | — | View 990 |
| 2014 | $9.5M | $9.5M | $2.1M | $1.7M | — | View 990 |
| 2013 | $2.3M | $2.3M | $1.3M | $1.0M | — | View 990 |
| 2012 | $7.6M | $7.6M | $1.8M | $1.6M | — | View 990 |
| 2011 | $6.5M | $6.5M | $1.2M | $944K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $12.7M, expenses of $12.6M, and assets of $3.0M (revenue +20.1% year-over-year).
- 2022: Revenue of $10.6M, expenses of $10.4M, and assets of $2.3M (revenue +9.5% year-over-year).
- 2021: Revenue of $9.7M, expenses of $9.7M, and assets of $2.1M (revenue -19.5% year-over-year).
- 2020: Revenue of $12.0M, expenses of $12.0M, and assets of $1.8M (revenue -13.6% year-over-year).
- 2019: Revenue of $13.9M, expenses of $14.0M, and assets of $2.7M (revenue +3.8% year-over-year).
- 2018: Revenue of $13.4M, expenses of $13.4M, and assets of $2.9M (revenue +3.3% year-over-year).
- 2017: Revenue of $13.0M, expenses of $13.0M, and assets of $2.9M (revenue +11.6% year-over-year).
- 2016: Revenue of $11.6M, expenses of $11.6M, and assets of $2.8M (revenue +18.6% year-over-year).
- 2015: Revenue of $9.8M, expenses of $9.8M, and assets of $2.8M (revenue +2.7% year-over-year).
- 2014: Revenue of $9.5M, expenses of $9.5M, and assets of $2.1M (revenue +307.9% year-over-year).
- 2013: Revenue of $2.3M, expenses of $2.3M, and assets of $1.3M (revenue -69.3% year-over-year).
- 2012: Revenue of $7.6M, expenses of $7.6M, and assets of $1.8M (revenue +17.8% year-over-year).
- 2011: Revenue of $6.5M, expenses of $6.5M, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Tremont Monterey Day Care Center Inc:
Data Sources and Methodology
This transparency report for Tremont Monterey Day Care Center 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.