Triad Math And Science Academy Company
Triad Math And Science Academy Company shows consistent revenue growth and zero reported officer compensation over a decade.
EIN: 208471670 · Apex, NC · NTEE: B29 · Updated: 2026-03-28
Is Triad Math And Science Academy Company Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Triad Math And Science Academy Company directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Triad Math And Science Academy Company
Triad Math And Science Academy Company (EIN: 208471670) is a nonprofit organization based in Apex, NC, classified under NTEE code B29. The organization reported total revenue of $50.9M and total assets of $22.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Triad Math And Science Academy Company's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Triad Math And Science Academy Company with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Triad Math And Science Academy Company allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, which is highly unusual for an organization of this size with over $46 million in annual revenue. This suggests either that executive roles are entirely volunteer-based, or compensation is reported under different categories, warranting further investigation for complete transparency.
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 Triad Math And Science Academy Company's IRS 990 filings:
- Unusually low liabilities in some periods compared to revenue, potentially indicating aggressive cash management or specific funding structures.
- Consistent 0% officer compensation for an organization of this scale may warrant further inquiry into how leadership is compensated or structured.
Strengths
The following positive indicators were identified for Triad Math And Science Academy Company:
- Exceptional revenue growth from $6.8M in 2013 to $46.7M in 2023.
- Consistent reporting of 0% officer compensation, indicating strong dedication to mission.
- Healthy asset growth from $1.8M in 2013 to $17.9M in 2023.
- Expenses closely align with revenue, suggesting efficient resource utilization.
- Strong program focus as implied by the nature of a Math and Science Academy and efficient spending.
Frequently Asked Questions about Triad Math And Science Academy Company
Is Triad Math And Science Academy Company a legitimate charity?
Based on AI analysis of IRS 990 filings, Triad Math And Science Academy Company (EIN: 208471670) some concerns. Mission Score: 92/100. 2 red flags identified, 5 strengths noted.
How does Triad Math And Science Academy Company spend its money?
Triad Math And Science Academy Company directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Triad Math And Science Academy Company tax-deductible?
Triad Math And Science Academy Company is registered as a tax-exempt nonprofit (EIN: 208471670). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Triad Math And Science Academy Company a good charity?
Based on its consistent program focus, significant revenue growth, and zero reported officer compensation, Triad Math And Science Academy Company appears to be a highly effective and mission-driven organization. Its financial health and commitment to its educational programs are strong indicators of a good charity.
How has the organization's financial health changed over time?
The organization has experienced remarkable financial growth, with revenue increasing from $6.8 million in 2013 to $46.7 million in 2023. Assets have also grown significantly from $1.8 million to $17.9 million over the same period, indicating robust financial health and expansion.
What is the significance of 0% officer compensation?
The consistent reporting of 0% officer compensation is a strong indicator that the organization is directing all available funds towards its programs and operational needs, rather than executive salaries. While commendable for its dedication, it's unusual for an organization of this scale and might suggest that executive roles are volunteer or compensated through other means not categorized as 'officer compensation' on the 990.
Are there any concerns regarding liabilities?
Liabilities have fluctuated, reaching a high of $2,722,520 in 2020 and $131,474 in 2023. While these figures are present, they are generally well-managed relative to the organization's growing assets and revenue, not indicating significant financial distress.
Filing History
IRS 990 filing history for Triad Math And Science Academy Company showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Triad Math And Science Academy Company's revenue has grown by 1097.7%, moving from $3.9M to $46.7M. Total assets increased by 1042.6% over the same period, from $1.6M to $18.0M. Total functional expenses rose by 1424.9%, from $3.2M to $48.3M. In its most recent filing year (2023), Triad Math And Science Academy Company reported a deficit of $1.6M, with expenses exceeding revenue. The organization holds $131K in liabilities against $18.0M in assets (debt-to-asset ratio: 0.7%), resulting in net assets of $17.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $46.7M | $48.3M | $18.0M | $131K | — | — |
| 2021 | $26.0M | $21.5M | $12.4M | $370K | — | View 990 |
| 2020 | $21.1M | $21.5M | $10.3M | $2.7M | — | View 990 |
| 2019 | $20.7M | $17.4M | $8.0M | $53K | — | View 990 |
| 2018 | $18.0M | $17.4M | $4.7M | $38K | — | View 990 |
| 2017 | $16.8M | $15.7M | $4.2M | $166K | — | View 990 |
| 2016 | $14.7M | $13.9M | $3.3M | $301K | — | View 990 |
| 2015 | $11.7M | $11.1M | $2.4M | $261K | — | View 990 |
| 2014 | $8.3M | $8.1M | $2.0M | $487K | — | View 990 |
| 2013 | $6.9M | $6.4M | $1.8M | $464K | — | View 990 |
| 2012 | $3.9M | $3.9M | $1.9M | $596K | — | View 990 |
| 2011 | $3.9M | $3.2M | $1.6M | $330K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $46.7M, expenses of $48.3M, and assets of $18.0M (revenue +79.8% year-over-year).
- 2021: Revenue of $26.0M, expenses of $21.5M, and assets of $12.4M (revenue +23.1% year-over-year).
- 2020: Revenue of $21.1M, expenses of $21.5M, and assets of $10.3M (revenue +2.2% year-over-year).
- 2019: Revenue of $20.7M, expenses of $17.4M, and assets of $8.0M (revenue +14.7% year-over-year).
- 2018: Revenue of $18.0M, expenses of $17.4M, and assets of $4.7M (revenue +7.2% year-over-year).
- 2017: Revenue of $16.8M, expenses of $15.7M, and assets of $4.2M (revenue +14.1% year-over-year).
- 2016: Revenue of $14.7M, expenses of $13.9M, and assets of $3.3M (revenue +26.1% year-over-year).
- 2015: Revenue of $11.7M, expenses of $11.1M, and assets of $2.4M (revenue +40.7% year-over-year).
- 2014: Revenue of $8.3M, expenses of $8.1M, and assets of $2.0M (revenue +20.2% year-over-year).
- 2013: Revenue of $6.9M, expenses of $6.4M, and assets of $1.8M (revenue +75.7% year-over-year).
- 2012: Revenue of $3.9M, expenses of $3.9M, and assets of $1.9M (revenue +0.6% year-over-year).
- 2011: Revenue of $3.9M, expenses of $3.2M, and assets of $1.6M.
Data Sources and Methodology
This transparency report for Triad Math And Science Academy Company 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.