Tri City Peoples Corporation
Tri City Peoples Corporation: Declining Revenue and High Liabilities Raise Concerns
EIN: 222303647 · Newark, NJ · NTEE: S80 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $593K |
| Total Expenses | $852K |
| Program Spending | 70% |
| Net Assets | $-3,072,981 |
| Transparency Score | 45/100 |
Is Tri City Peoples Corporation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Tri City Peoples Corporation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Tri City Peoples Corporation
Tri City Peoples Corporation (EIN: 222303647) is a nonprofit organization based in Newark, NJ, classified under NTEE code S80. The organization reported total revenue of $593K and total assets of $914K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Tri City Peoples Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Tri City Peoples Corporation is a small nonprofit that has been operating for 3 years, with 12 years of IRS 990 filings on record (2010–2021). Revenue has grown at a compound annual rate of -20.9%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $582K |
| Total Expenses | $852K |
| Surplus / Deficit | $-269,819 |
| Total Assets | $842K |
| Total Liabilities | $3.9M |
| Net Assets | $-3,072,981 |
| Operating Margin | -46.3% |
| Debt-to-Asset Ratio | 464.8% |
| Months of Reserves | 11.9 months |
Financial Health Grade: C
In 2021, Tri City Peoples Corporation reported a deficit of $270K with expenses exceeding revenue, holds 11.9 months of operating reserves (strong position), has a debt-to-asset ratio of 464.8% (high leverage).
Financial Trends
Over 12 years of filings (2010–2021), Tri City Peoples Corporation's revenue has declined at a compound annual growth rate (CAGR) of -20.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | -11.2% | +20.9% | +0.0% |
| 2020 | -17.0% | -43.2% | +0.0% |
| 2019 | -62.1% | -41.3% | +124.8% |
| 2018 | -23.2% | -2.8% | -71.5% |
| 2017 | -2.0% | -37.0% | -29.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2023 |
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 Tri City Peoples Corporation with a Mission Score of 45 out of 100 (Fair). 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: 70%
- fundraising: 15%
According to IRS 990 filings, Tri City Peoples Corporation allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $270K, with expenses exceeding revenue.
- Debt-to-asset ratio: 464.8%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, which is unusual for an organization of this size and could indicate a lack of disclosure or reliance on volunteer leadership.
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 Tri City Peoples Corporation's IRS 990 filings:
- Significant and continuous decline in revenue over the past eight years, from $6,486,893 in 2014 to $582,335 in 2021.
- Liabilities consistently outweigh assets, with 2021 showing $3,915,416 in liabilities against $842,435 in assets, indicating potential financial instability.
- The reported 0% compensation across all years raises questions about how leadership is compensated or if this data is incomplete.
- Total expenses frequently exceed total revenue, suggesting an unsustainable operating model.
Strengths
The following positive indicators were identified for Tri City Peoples Corporation:
- Despite financial challenges, the organization has maintained operations for several years.
Frequently Asked Questions about Tri City Peoples Corporation
Is Tri City Peoples Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Tri City Peoples Corporation (EIN: 222303647) significant concerns. Mission Score: 45/100. 4 red flags identified, 1 strength noted.
How does Tri City Peoples Corporation spend its money?
Tri City Peoples Corporation directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Tri City Peoples Corporation tax-deductible?
Tri City Peoples Corporation is registered as a tax-exempt nonprofit (EIN: 222303647). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Tri City Peoples Corporation's spending goes to programs?
Tri City Peoples Corporation directs 70% to programs, 15% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Tri City Peoples Corporation compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Tri City Peoples Corporation is near average for NTEE category S80 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Tri City Peoples Corporation located?
Tri City Peoples Corporation is headquartered in Newark, New Jersey and files with the IRS under EIN 222303647. It is classified under NTEE code S80.
How many years of IRS 990 filings does Tri City Peoples Corporation have?
Tri City Peoples Corporation has 12 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 $593K in total revenue.
What does Tri City Peoples Corporation do?
Tri City Peoples Corporation is a nonprofit organization in the Community Improvement sector, located in Newark, New Jersey. It is classified under NTEE code S80.
How much revenue does Tri City Peoples Corporation have?
Tri City Peoples Corporation reported total revenue of $593,373. Based on 12 IRS 990 filings on record.
What are Tri City Peoples Corporation's total assets?
Tri City Peoples Corporation holds total assets of $914,455 as reported in IRS 990 filings.
Where is Tri City Peoples Corporation located?
Tri City Peoples Corporation is based in Newark, New Jersey.
What is Tri City Peoples Corporation's EIN?
Tri City Peoples Corporation's Employer Identification Number (EIN) is 222303647. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Tri City Peoples Corporation?
Tri City Peoples Corporation is classified under NTEE code S80 (Community Improvement).
Is Tri City Peoples Corporation a registered 501(c)(3)?
Yes, Tri City Peoples Corporation is recognized as a tax-exempt organization by the IRS. EIN: 222303647.
Does Tri City Peoples Corporation file IRS Form 990?
Yes, Tri City Peoples Corporation has 12 IRS Form 990 filings on record. The most recent covers tax period 202112.
What was Tri City Peoples Corporation's revenue in 2021?
In the 202112 filing period, Tri City Peoples Corporation reported total revenue of $582,335, total expenses of $852,154, and net assets of $842,435.
Is Tri City Peoples Corporation's revenue growing or declining?
Tri City Peoples Corporation's revenue is declining. Revenue went from $656,032 (202012) to $582,335 (202112), a -11.2% change. Based on 12 filings on record.
What is Tri City Peoples Corporation's most recent 990 filing?
The most recent IRS Form 990 filing for Tri City Peoples Corporation covers tax period 202112. It shows revenue of $582,335, expenses of $852,154, total assets of $842,435, and liabilities of $3,915,416.
How much does Tri City Peoples Corporation spend on programs vs administration?
Based on IRS 990 analysis, Tri City Peoples Corporation allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Tri City Peoples Corporation a trustworthy charity?
Based on AI analysis of IRS 990 data, Tri City Peoples Corporation shows mixed signals. Mission Score: 45/100 (Fair). 4 red flags identified. 1 strength noted.
What are the red flags for Tri City Peoples Corporation?
The following concerns were identified: Significant and continuous decline in revenue over the past eight years, from $6,486,893 in 2014 to $582,335 in 2021.. Liabilities consistently outweigh assets, with 2021 showing $3,915,416 in liabilities against $842,435 in assets, indicating potential financial instability.. The reported 0% compensation across all years raises questions about how leadership is compensated or if this data is incomplete.. Total expenses frequently exceed total revenue, suggesting an unsustainable operating model.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Tri City Peoples Corporation's strengths?
Positive indicators for Tri City Peoples Corporation include: Despite financial challenges, the organization has maintained operations for several years.. These findings are derived from AI analysis of the organization's financial filings.
How does Tri City Peoples Corporation compensate executives?
Executive compensation is reported as 0% across all available filings, which is unusual for an organization of this size and could indicate a lack of disclosure or reliance on volunteer leadership. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of 0% compensation, how does Tri City Peoples Corporation attract and retain leadership and key personnel, and what is the actual cost of their human capital?
The consistent 0% compensation reported in filings suggests either a fully volunteer-run organization at the leadership level or that compensation is being reported under different categories, which could obscure the true operational costs and leadership structure.
What specific strategies are being implemented to address the drastic decline in revenue and the persistent imbalance between assets and liabilities?
The financial data indicates a severe and prolonged decline in revenue and a significant liability burden. Without further information, it's unclear what strategic adjustments, if any, are being made to reverse these trends and ensure long-term financial viability.
Filing History
IRS 990 filing history for Tri City Peoples Corporation showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2010–2021), Tri City Peoples Corporation's revenue has declined by 92.4%, moving from $7.7M to $582K. Total assets decreased by 67.2% over the same period, from $2.6M to $842K. Total functional expenses fell by 89.4%, from $8.1M to $852K. In its most recent filing year (2021), Tri City Peoples Corporation reported a deficit of $270K, with expenses exceeding revenue. The organization holds $3.9M in liabilities against $842K in assets (debt-to-asset ratio: 464.8%), resulting in net assets of $-3,072,981.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $582K | $852K | $842K | $3.9M | — | — |
| 2020 | $656K | $705K | $842K | $3.8M | — | — |
| 2019 | $790K | $1.2M | $842K | $3.8M | — | — |
| 2018 | $2.1M | $2.1M | $375K | $3.4M | — | View 990 |
| 2017 | $2.7M | $2.2M | $1.3M | $4.1M | — | View 990 |
| 2016 | $2.8M | $3.5M | $1.9M | $5.2M | — | View 990 |
| 2015 | $5.4M | $6.0M | $2.3M | $4.9M | — | View 990 |
| 2014 | $6.5M | $6.7M | $2.5M | $3.8M | — | View 990 |
| 2013 | $6.8M | $7.5M | $2.8M | $3.8M | — | View 990 |
| 2012 | $7.1M | $7.2M | $2.7M | $3.1M | — | View 990 |
| 2011 | $6.9M | $7.4M | $2.9M | $3.2M | — | View 990 |
| 2010 | $7.7M | $8.1M | $2.6M | $2.4M | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $582K, expenses of $852K, and assets of $842K (revenue -11.2% year-over-year).
- 2020: Revenue of $656K, expenses of $705K, and assets of $842K (revenue -17.0% year-over-year).
- 2019: Revenue of $790K, expenses of $1.2M, and assets of $842K (revenue -62.1% year-over-year).
- 2018: Revenue of $2.1M, expenses of $2.1M, and assets of $375K (revenue -23.2% year-over-year).
- 2017: Revenue of $2.7M, expenses of $2.2M, and assets of $1.3M (revenue -2.0% year-over-year).
- 2016: Revenue of $2.8M, expenses of $3.5M, and assets of $1.9M (revenue -48.5% year-over-year).
- 2015: Revenue of $5.4M, expenses of $6.0M, and assets of $2.3M (revenue -17.0% year-over-year).
- 2014: Revenue of $6.5M, expenses of $6.7M, and assets of $2.5M (revenue -5.2% year-over-year).
- 2013: Revenue of $6.8M, expenses of $7.5M, and assets of $2.8M (revenue -4.0% year-over-year).
- 2012: Revenue of $7.1M, expenses of $7.2M, and assets of $2.7M (revenue +3.7% year-over-year).
- 2011: Revenue of $6.9M, expenses of $7.4M, and assets of $2.9M (revenue -10.2% year-over-year).
- 2010: Revenue of $7.7M, expenses of $8.1M, and assets of $2.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Tri City Peoples Corporation:
Data Sources and Methodology
This transparency report for Tri City Peoples 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.