Trenton Business Assistance Corporation

Is Trenton Business Assistance Corporation Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Trenton Business Assistance Corporation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Trenton Business Assistance Corporation

Trenton Business Assistance Corporation (EIN: 222309023) is a nonprofit organization based in Mercerville, NJ, classified under NTEE code S43Z. The organization reported total revenue of $9.4M and total assets of $25.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Trenton Business Assistance Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Trenton Business Assistance Corporation is a mid-size nonprofit that has been operating for 46 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 14.9%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2023, Trenton Business Assistance Corporation reported a surplus of $841K with revenue exceeding expenses, holds 44.2 months of operating reserves (strong position), has a debt-to-asset ratio of 26.2% (moderate leverage).

Financial Trends

Over 14 years of filings (2010–2023), Trenton Business Assistance Corporation's revenue has grown at a compound annual growth rate (CAGR) of 14.9%.

IRS Tax-Exempt Classification

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 Trenton Business Assistance Corporation with a Mission Score of 75 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, Trenton Business Assistance Corporation 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 surplus of $841K, with revenue exceeding expenses.
• Debt-to-asset ratio: 26.2%.

Executive Compensation Analysis

Without specific compensation data, a detailed assessment of executive compensation is not possible; however, the 'c0%' across all years suggests either no reported compensation or it's categorized differently.

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 Trenton Business Assistance Corporation's IRS 990 filings:

• Significant volatility in total assets, ranging from $10,756,464 in 2018 to $91,160,866 in 2021, raises questions about financial stability and asset management.
• High liabilities, particularly $73,890,830 in 2021, represent a substantial portion of assets and could indicate significant debt or obligations.
• The consistent 'c0%' for compensation across all years is unusual and warrants further investigation into how executive compensation is reported or if it exists.

Strengths

The following positive indicators were identified for Trenton Business Assistance Corporation:

• Consistent revenue generation over multiple years, with a peak of $14,574,637 in 2021, demonstrates the organization's ability to attract funding.
• The organization has maintained a presence and operations over an extended period, indicating resilience and established community ties.

Frequently Asked Questions about Trenton Business Assistance Corporation

Filing History

IRS 990 filing history for Trenton Business Assistance Corporation showing financial trends over 14 years of public records:

Over 14 years of IRS 990 filings (2010–2023), Trenton Business Assistance Corporation's revenue has grown by 506.4%, moving from $1.3M to $7.7M. Total assets increased by 301.4% over the same period, from $6.3M to $25.2M. Total functional expenses rose by 326.6%, from $1.6M to $6.8M. In its most recent filing year (2023), Trenton Business Assistance Corporation reported a surplus of $841K, with revenue exceeding expenses. The organization holds $6.6M in liabilities against $25.2M in assets (debt-to-asset ratio: 26.2%), resulting in net assets of $18.6M.

Year-by-Year Financial Summary

• 2023: Revenue of $7.7M, expenses of $6.8M, and assets of $25.2M (revenue +10.0% year-over-year).
• 2022: Revenue of $7.0M, expenses of $6.5M, and assets of $33.6M (revenue -52.0% year-over-year).
• 2021: Revenue of $14.6M, expenses of $5.8M, and assets of $91.2M (revenue +125.7% year-over-year).
• 2020: Revenue of $6.5M, expenses of $4.4M, and assets of $42.8M (revenue +39.6% year-over-year).
• 2019: Revenue of $4.6M, expenses of $3.6M, and assets of $11.1M (revenue +13.2% year-over-year).
• 2018: Revenue of $4.1M, expenses of $3.6M, and assets of $10.8M (revenue +6.6% year-over-year).
• 2017: Revenue of $3.8M, expenses of $3.7M, and assets of $9.7M (revenue -1.0% year-over-year).
• 2016: Revenue of $3.9M, expenses of $3.1M, and assets of $10.8M (revenue +35.3% year-over-year).
• 2015: Revenue of $2.9M, expenses of $2.2M, and assets of $9.7M (revenue +42.2% year-over-year).
• 2014: Revenue of $2.0M, expenses of $1.7M, and assets of $6.5M (revenue +14.5% year-over-year).
• 2013: Revenue of $1.8M, expenses of $1.6M, and assets of $5.7M (revenue +8.0% year-over-year).
• 2012: Revenue of $1.6M, expenses of $1.6M, and assets of $6.9M (revenue +3.0% year-over-year).
• 2011: Revenue of $1.6M, expenses of $1.3M, and assets of $6.5M (revenue +24.5% year-over-year).
• 2010: Revenue of $1.3M, expenses of $1.6M, and assets of $6.3M.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Trenton Business Assistance Corporation:

Data Sources and Methodology

This transparency report for Trenton Business Assistance Corporation 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.