Trey Whitfield School
Trey Whitfield School faces persistent operating deficits and declining assets, with liabilities exceeding assets in recent years.
EIN: 113577637 · Brooklyn, NY · NTEE: B24 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.6M |
| Total Expenses | $3.5M |
| Program Spending | 75% |
| Net Assets | $-1,182,441 |
| Transparency Score | 60/100 |
Is Trey Whitfield School Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Trey Whitfield School directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Trey Whitfield School
Trey Whitfield School (EIN: 113577637) is a nonprofit organization based in Brooklyn, NY, classified under NTEE code B24. The organization reported total revenue of $2.6M and total assets of $2.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Trey Whitfield School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Trey Whitfield School is a mid-size nonprofit that has been operating for 25 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -2.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.5M |
| Total Expenses | $3.5M |
| Surplus / Deficit | $-1,015,608 |
| Total Assets | $2.9M |
| Total Liabilities | $4.1M |
| Net Assets | $-1,182,441 |
| Operating Margin | -40.3% |
| Debt-to-Asset Ratio | 140.3% |
| Months of Reserves | 9.9 months |
Financial Health Grade: C
In 2023, Trey Whitfield School reported a deficit of $1.0M with expenses exceeding revenue, holds 9.9 months of operating reserves (strong position), has a debt-to-asset ratio of 140.3% (high leverage).
Financial Trends
Over 14 years of filings (2010–2023), Trey Whitfield School's revenue has declined at a compound annual growth rate (CAGR) of -2.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -19.2% | +6.9% | -26.2% |
| 2022 | -11.9% | +7.0% | -13.1% |
| 2021 | +50.4% | +10.2% | +8.9% |
| 2020 | +18.0% | +6.0% | -5.2% |
| 2019 | -25.0% | +1.9% | -14.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2001 |
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 Trey Whitfield School 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: 75%
- fundraising: 10%
According to IRS 990 filings, Trey Whitfield School allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $1.0M, with expenses exceeding revenue.
- Debt-to-asset ratio: 140.3%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to officers, which is a strong positive for resource allocation directly to the mission.
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 Trey Whitfield School's IRS 990 filings:
- Persistent operating deficits: Expenses consistently exceed revenue (e.g., 202308: Expenses $3,536,323 vs. Revenue $2,520,715).
- Declining asset base: Assets have decreased from $6,188,939 in 201408 to $2,931,881 in 202308.
- Liabilities exceeding assets: In recent periods (e.g., 202308), liabilities ($4,114,322) are greater than assets ($2,931,881), indicating potential insolvency.
- Negative net assets: The consistent trend of liabilities exceeding assets points to a negative net asset position, which is a critical financial health concern.
Strengths
The following positive indicators were identified for Trey Whitfield School:
- Consistent IRS 990 filing history: 14 filings demonstrate a commitment to transparency.
- 0% officer compensation: No executive compensation reported, indicating efficient use of funds at the leadership level.
- Mission focus (NTEE B24): Dedicated to elementary and secondary education, a vital community service.
Frequently Asked Questions about Trey Whitfield School
Is Trey Whitfield School a legitimate charity?
Based on AI analysis of IRS 990 filings, Trey Whitfield School (EIN: 113577637) some concerns. Mission Score: 60/100. 4 red flags identified, 3 strengths noted.
How does Trey Whitfield School spend its money?
Trey Whitfield School directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Trey Whitfield School tax-deductible?
Trey Whitfield School is registered as a tax-exempt nonprofit (EIN: 113577637). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Trey Whitfield School's spending goes to programs?
Trey Whitfield School directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Trey Whitfield School compare to similar nonprofits?
With a transparency score of 60/100 (Good), Trey Whitfield School is above average for NTEE category B24 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Trey Whitfield School located?
Trey Whitfield School is headquartered in Brooklyn, New York and files with the IRS under EIN 113577637. It is classified under NTEE code B24.
How many years of IRS 990 filings does Trey Whitfield School have?
Trey Whitfield School has 14 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 $2.6M in total revenue.
Is Trey Whitfield School financially sustainable given its recurring deficits?
The school has consistently reported expenses exceeding revenue for many years, leading to a significant decline in assets from $6,188,939 in 201408 to $2,931,881 in 202308. This trend raises serious questions about its long-term financial sustainability without a change in financial strategy.
Why have liabilities consistently exceeded assets in recent periods?
In 202308, liabilities were $4,114,322 while assets were $2,931,881. This indicates that the organization's debts and obligations are greater than its available resources, which is a significant financial risk.
What is the impact of 0% officer compensation on the organization?
Reporting 0% officer compensation means that no funds are being used for executive salaries, which is a positive indicator that resources are being directed towards program services. However, this does not mitigate the overall financial challenges of recurring deficits.
Filing History
IRS 990 filing history for Trey Whitfield School showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Trey Whitfield School's revenue has declined by 23.7%, moving from $3.3M to $2.5M. Total assets decreased by 60.9% over the same period, from $7.5M to $2.9M. Total functional expenses rose by 12.5%, from $3.1M to $3.5M. In its most recent filing year (2023), Trey Whitfield School reported a deficit of $1.0M, with expenses exceeding revenue. The organization holds $4.1M in liabilities against $2.9M in assets (debt-to-asset ratio: 140.3%), resulting in net assets of $-1,182,441.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.5M | $3.5M | $2.9M | $4.1M | — | View 990 |
| 2022 | $3.1M | $3.3M | $4.0M | $4.0M | — | View 990 |
| 2021 | $3.5M | $3.1M | $4.6M | $4.4M | — | View 990 |
| 2020 | $2.4M | $2.8M | $4.2M | $4.5M | — | — |
| 2019 | $2.0M | $2.6M | $4.4M | $4.3M | — | View 990 |
| 2018 | $2.7M | $2.6M | $5.1M | $4.3M | — | View 990 |
| 2017 | $2.6M | $2.9M | $5.2M | $4.5M | — | View 990 |
| 2016 | $2.4M | $2.9M | $5.7M | $4.6M | — | View 990 |
| 2015 | $2.7M | $2.6M | $6.1M | $4.5M | — | View 990 |
| 2014 | $2.9M | $3.0M | $6.2M | $4.7M | — | View 990 |
| 2013 | $3.0M | $3.0M | $6.7M | $5.0M | — | View 990 |
| 2012 | $3.0M | $3.0M | $7.1M | $5.3M | — | View 990 |
| 2011 | $3.2M | $3.1M | $7.4M | $5.5M | — | View 990 |
| 2010 | $3.3M | $3.1M | $7.5M | $5.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.5M, expenses of $3.5M, and assets of $2.9M (revenue -19.2% year-over-year).
- 2022: Revenue of $3.1M, expenses of $3.3M, and assets of $4.0M (revenue -11.9% year-over-year).
- 2021: Revenue of $3.5M, expenses of $3.1M, and assets of $4.6M (revenue +50.4% year-over-year).
- 2020: Revenue of $2.4M, expenses of $2.8M, and assets of $4.2M (revenue +18.0% year-over-year).
- 2019: Revenue of $2.0M, expenses of $2.6M, and assets of $4.4M (revenue -25.0% year-over-year).
- 2018: Revenue of $2.7M, expenses of $2.6M, and assets of $5.1M (revenue +3.3% year-over-year).
- 2017: Revenue of $2.6M, expenses of $2.9M, and assets of $5.2M (revenue +5.7% year-over-year).
- 2016: Revenue of $2.4M, expenses of $2.9M, and assets of $5.7M (revenue -8.1% year-over-year).
- 2015: Revenue of $2.7M, expenses of $2.6M, and assets of $6.1M (revenue -7.1% year-over-year).
- 2014: Revenue of $2.9M, expenses of $3.0M, and assets of $6.2M (revenue -3.9% year-over-year).
- 2013: Revenue of $3.0M, expenses of $3.0M, and assets of $6.7M (revenue -1.4% year-over-year).
- 2012: Revenue of $3.0M, expenses of $3.0M, and assets of $7.1M (revenue -6.9% year-over-year).
- 2011: Revenue of $3.2M, expenses of $3.1M, and assets of $7.4M (revenue -1.9% year-over-year).
- 2010: Revenue of $3.3M, expenses of $3.1M, and assets of $7.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Trey Whitfield School:
Data Sources and Methodology
This transparency report for Trey Whitfield School 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.