Tria Orthopaedic Center Research Institute
Tria Orthopaedic Center Research Institute consistently spends significantly more than it earns, accumulating substantial liabilities.
EIN: 200033919 · Bloomington, MN · NTEE: H50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $691K |
| Total Expenses | $1.8M |
| Program Spending | 75% |
| Net Assets | $-10,124,954 |
| Transparency Score | 45/100 |
Is Tria Orthopaedic Center Research Institute Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Tria Orthopaedic Center Research Institute directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Tria Orthopaedic Center Research Institute
Tria Orthopaedic Center Research Institute (EIN: 200033919) is a nonprofit organization based in Bloomington, MN, classified under NTEE code H50. The organization reported total revenue of $691K and total assets of $167K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Tria Orthopaedic Center Research Institute's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Tria Orthopaedic Center Research Institute is a small nonprofit that has been operating for 20 years, with 11 years of IRS 990 filings on record (2011–2021). Revenue has grown at a compound annual rate of 0.0%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $691K |
| Total Expenses | $1.8M |
| Surplus / Deficit | $-1,147,942 |
| Total Assets | $167K |
| Total Liabilities | $10.3M |
| Net Assets | $-10,124,954 |
| Operating Margin | -166.1% |
| Debt-to-Asset Ratio | 6167.0% |
| Months of Reserves | 1.1 months |
Financial Health Grade: D
In 2021, Tria Orthopaedic Center Research Institute reported a deficit of $1.1M with expenses exceeding revenue, holds 1.1 months of operating reserves (limited), has a debt-to-asset ratio of 6167.0% (high leverage).
Financial Trends
Over 11 years of filings (2011–2021), Tria Orthopaedic Center Research Institute's revenue has grown at a compound annual growth rate (CAGR) of 0.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | +69.0% | +20.7% | +115.7% |
| 2020 | -42.5% | -24.6% | -25.7% |
| 2019 | +26.9% | +10.5% | -16.7% |
| 2018 | -11.5% | +0.5% | -30.1% |
| 2017 | +4.5% | +4.0% | -5.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 8200 |
| IRS Ruling Date | 2006 |
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 Tria Orthopaedic Center Research Institute 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: 75%
- fundraising: 10%
According to IRS 990 filings, Tria Orthopaedic Center Research Institute 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 (2021)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.1M, with expenses exceeding revenue.
- Debt-to-asset ratio: 6167.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation, suggesting that executive leadership may be uncompensated or compensated by a related entity, which could contribute to lower administrative overhead.
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 Tria Orthopaedic Center Research Institute's IRS 990 filings:
- Consistent and significant operating deficits (e.g., $1,147,942 in 2021).
- Rapidly increasing liabilities, growing from $787,291 in 2012 to $10,291,840 in 2021.
- Extremely low asset-to-liability ratio ($166,886 assets vs. $10,291,840 liabilities in 2021).
- Revenue consistently insufficient to cover expenses across all reported periods.
Strengths
The following positive indicators were identified for Tria Orthopaedic Center Research Institute:
- No reported officer compensation, potentially indicating efficient use of funds for leadership or external support.
- Consistent filing history (11 filings) demonstrates compliance with IRS reporting requirements.
Frequently Asked Questions about Tria Orthopaedic Center Research Institute
Is Tria Orthopaedic Center Research Institute a legitimate charity?
Based on AI analysis of IRS 990 filings, Tria Orthopaedic Center Research Institute (EIN: 200033919) significant concerns. Mission Score: 45/100. 4 red flags identified, 2 strengths noted.
How does Tria Orthopaedic Center Research Institute spend its money?
Tria Orthopaedic Center Research Institute directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Tria Orthopaedic Center Research Institute tax-deductible?
Tria Orthopaedic Center Research Institute is registered as a tax-exempt nonprofit (EIN: 200033919). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Tria Orthopaedic Center Research Institute's spending goes to programs?
Tria Orthopaedic Center Research Institute directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Tria Orthopaedic Center Research Institute compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Tria Orthopaedic Center Research Institute is near average for NTEE category H50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Tria Orthopaedic Center Research Institute located?
Tria Orthopaedic Center Research Institute is headquartered in Bloomington, Minnesota and files with the IRS under EIN 200033919. It is classified under NTEE code H50.
How many years of IRS 990 filings does Tria Orthopaedic Center Research Institute have?
Tria Orthopaedic Center Research Institute has 11 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 $691K in total revenue.
What is the nature of the rapidly increasing liabilities, which grew from $787,291 in 2012 to $10,291,840 in 2021?
The provided data does not specify the nature of these liabilities, but their rapid growth and magnitude relative to assets are a significant financial concern.
How does Tria Orthopaedic Center Research Institute cover its consistent operating deficits, given that expenses consistently exceed revenue?
The data indicates a consistent deficit (e.g., $1,147,942 in 2021). The funding source for these deficits is not clear from the provided revenue and asset figures, suggesting reliance on external support or a complex financial relationship with a parent organization.
Is the organization financially sustainable given its low asset base ($166,886 in 2021) compared to its high liabilities ($10,291,840 in 2021)?
The significant disparity between assets and liabilities raises serious questions about the organization's financial stability and long-term sustainability without further context on its operational model and funding.
Filing History
IRS 990 filing history for Tria Orthopaedic Center Research Institute showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2021), Tria Orthopaedic Center Research Institute's revenue has grown by 0.3%, moving from $689K to $691K. Total assets decreased by 3% over the same period, from $172K to $167K. Total functional expenses rose by 134%, from $786K to $1.8M. In its most recent filing year (2021), Tria Orthopaedic Center Research Institute reported a deficit of $1.1M, with expenses exceeding revenue. The organization holds $10.3M in liabilities against $167K in assets (debt-to-asset ratio: 6167.0%), resulting in net assets of $-10,124,954.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $691K | $1.8M | $167K | $10.3M | — | View 990 |
| 2020 | $409K | $1.5M | $77K | $9.1M | — | View 990 |
| 2019 | $711K | $2.0M | $104K | $8.0M | — | View 990 |
| 2018 | $560K | $1.8M | $125K | $6.7M | — | View 990 |
| 2017 | $633K | $1.8M | $179K | $5.5M | — | View 990 |
| 2016 | $606K | $1.7M | $190K | $4.3M | — | View 990 |
| 2015 | $539K | $1.5M | $189K | $3.1M | — | View 990 |
| 2014 | $605K | $1.4M | $259K | $2.2M | — | View 990 |
| 2013 | $686K | $1.2M | $322K | $1.5M | — | View 990 |
| 2012 | $603K | $1.2M | $173K | $787K | — | View 990 |
| 2011 | $689K | $786K | $172K | $231K | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $691K, expenses of $1.8M, and assets of $167K (revenue +69.0% year-over-year).
- 2020: Revenue of $409K, expenses of $1.5M, and assets of $77K (revenue -42.5% year-over-year).
- 2019: Revenue of $711K, expenses of $2.0M, and assets of $104K (revenue +26.9% year-over-year).
- 2018: Revenue of $560K, expenses of $1.8M, and assets of $125K (revenue -11.5% year-over-year).
- 2017: Revenue of $633K, expenses of $1.8M, and assets of $179K (revenue +4.5% year-over-year).
- 2016: Revenue of $606K, expenses of $1.7M, and assets of $190K (revenue +12.3% year-over-year).
- 2015: Revenue of $539K, expenses of $1.5M, and assets of $189K (revenue -10.8% year-over-year).
- 2014: Revenue of $605K, expenses of $1.4M, and assets of $259K (revenue -11.9% year-over-year).
- 2013: Revenue of $686K, expenses of $1.2M, and assets of $322K (revenue +13.8% year-over-year).
- 2012: Revenue of $603K, expenses of $1.2M, and assets of $173K (revenue -12.5% year-over-year).
- 2011: Revenue of $689K, expenses of $786K, and assets of $172K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Tria Orthopaedic Center Research Institute:
Data Sources and Methodology
This transparency report for Tria Orthopaedic Center Research Institute 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.