Tri Cities Terrace Ii
EIN: 460518325 · Spokane, WA · NTEE: L22
| Metric | Value |
|---|---|
| Total Revenue | $314K |
| Total Expenses | $321K |
| Net Assets | $-1,333,203 |
Is Tri Cities Terrace Ii Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Tri Cities Terrace Ii
Tri Cities Terrace Ii (EIN: 460518325) is a nonprofit organization based in Spokane, WA, classified under NTEE code L22. The organization reported total revenue of $314K and total assets of $2.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Tri Cities Terrace Ii's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Tri Cities Terrace Ii is a small nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 3.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $249K |
| Total Expenses | $321K |
| Surplus / Deficit | $-71,673 |
| Total Assets | $2.1M |
| Total Liabilities | $3.4M |
| Net Assets | $-1,333,203 |
| Operating Margin | -28.8% |
| Debt-to-Asset Ratio | 164.6% |
| Months of Reserves | 77.2 months |
Financial Health Grade: C
In 2024, Tri Cities Terrace Ii reported a deficit of $72K with expenses exceeding revenue, holds 77.2 months of operating reserves (strong position), has a debt-to-asset ratio of 164.6% (high leverage).
Financial Trends
Over 13 years of filings (2012–2024), Tri Cities Terrace Ii's revenue has grown at a compound annual growth rate (CAGR) of 3.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +11.9% | +5.8% | -3.8% |
| 2023 | +3.0% | +3.7% | -3.3% |
| 2022 | +6.6% | +1.2% | -3.8% |
| 2021 | -4.8% | +3.2% | -3.2% |
| 2020 | +20.4% | -9.9% | -2.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Tri Cities Terrace Ii has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Tri Cities Terrace Ii with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $72K, with expenses exceeding revenue.
- Debt-to-asset ratio: 164.6%.
Frequently Asked Questions about Tri Cities Terrace Ii
Is Tri Cities Terrace Ii a legitimate charity?
Tri Cities Terrace Ii (EIN: 460518325) is a registered tax-exempt nonprofit based in Washington. It has 13 years of IRS 990 filings on record. Total revenue: $314K. No red flags identified. Financial health grade: C.
How does Tri Cities Terrace Ii spend its money?
Tri Cities Terrace Ii reported $314K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Tri Cities Terrace Ii tax-deductible?
Tri Cities Terrace Ii is registered as a tax-exempt nonprofit (EIN: 460518325). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Tri Cities Terrace Ii located?
Tri Cities Terrace Ii is headquartered in Spokane, Washington and files with the IRS under EIN 460518325. It is classified under NTEE code L22.
How many years of IRS 990 filings does Tri Cities Terrace Ii have?
Tri Cities Terrace Ii 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 $314K in total revenue.
Filing History
IRS 990 filing history for Tri Cities Terrace Ii showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Tri Cities Terrace Ii's revenue has grown by 45.3%, moving from $171K to $249K. Total assets decreased by 30.5% over the same period, from $3.0M to $2.1M. Total functional expenses rose by 35.4%, from $237K to $321K. In its most recent filing year (2024), Tri Cities Terrace Ii reported a deficit of $72K, with expenses exceeding revenue. The organization holds $3.4M in liabilities against $2.1M in assets (debt-to-asset ratio: 164.6%), resulting in net assets of $-1,333,203.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $249K | $321K | $2.1M | $3.4M | — | — |
| 2023 | $223K | $303K | $2.1M | $3.4M | — | View 990 |
| 2022 | $216K | $292K | $2.2M | $3.4M | — | View 990 |
| 2021 | $203K | $289K | $2.3M | $3.4M | — | View 990 |
| 2020 | $213K | $280K | $2.4M | $3.4M | — | View 990 |
| 2019 | $177K | $310K | $2.4M | $3.4M | — | View 990 |
| 2018 | $171K | $242K | $2.6M | $3.4M | — | View 990 |
| 2017 | $170K | $226K | $2.6M | $3.4M | — | View 990 |
| 2016 | $169K | $228K | $2.7M | $3.4M | — | View 990 |
| 2015 | $170K | $234K | $2.8M | $3.4M | — | View 990 |
| 2014 | $170K | $235K | $2.8M | $3.4M | — | View 990 |
| 2013 | $169K | $239K | $2.9M | $3.4M | — | View 990 |
| 2012 | $171K | $237K | $3.0M | $3.4M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $249K, expenses of $321K, and assets of $2.1M (revenue +11.9% year-over-year).
- 2023: Revenue of $223K, expenses of $303K, and assets of $2.1M (revenue +3.0% year-over-year).
- 2022: Revenue of $216K, expenses of $292K, and assets of $2.2M (revenue +6.6% year-over-year).
- 2021: Revenue of $203K, expenses of $289K, and assets of $2.3M (revenue -4.8% year-over-year).
- 2020: Revenue of $213K, expenses of $280K, and assets of $2.4M (revenue +20.4% year-over-year).
- 2019: Revenue of $177K, expenses of $310K, and assets of $2.4M (revenue +3.7% year-over-year).
- 2018: Revenue of $171K, expenses of $242K, and assets of $2.6M (revenue +0.4% year-over-year).
- 2017: Revenue of $170K, expenses of $226K, and assets of $2.6M (revenue +0.2% year-over-year).
- 2016: Revenue of $169K, expenses of $228K, and assets of $2.7M (revenue -0.3% year-over-year).
- 2015: Revenue of $170K, expenses of $234K, and assets of $2.8M (revenue -0.2% year-over-year).
- 2014: Revenue of $170K, expenses of $235K, and assets of $2.8M (revenue +0.9% year-over-year).
- 2013: Revenue of $169K, expenses of $239K, and assets of $2.9M (revenue -1.6% year-over-year).
- 2012: Revenue of $171K, expenses of $237K, and assets of $3.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Tri Cities Terrace Ii:
Data Sources and Methodology
This transparency report for Tri Cities Terrace Ii 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.