Trinitas Foundation
Trinitas Foundation: Declining Revenue, High Administrative Costs
EIN: 222353773 · Oceanport, NJ · NTEE: E22I · Updated: 2026-04-04
Is Trinitas Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Trinitas Foundation directs 60% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Trinitas Foundation
Trinitas Foundation (EIN: 222353773) is a nonprofit organization based in Oceanport, NJ, classified under NTEE code E22I. The organization reported total revenue of $2.9M and total assets of $8.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Trinitas Foundation'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 Trinitas Foundation with a Mission Score of 65 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: 30%
- programs: 60%
- fundraising: 10%
According to IRS 990 filings, Trinitas Foundation allocates its expenses as follows: admin: 30%, programs: 60%, fundraising: 10%. Approximately 60% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
Executive compensation is reported as 0% in all available filings, which is unusual for an organization with significant assets and expenses, suggesting potential underreporting or alternative compensation structures.
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 Trinitas Foundation's IRS 990 filings:
- Significant and consistent decline in revenue over the past several years, from $9.8M in 2017 to $2.9M in 2023.
- Expenses ($12,856,663 in 2023) far exceeded revenue ($3,308,153 in 2023), leading to a substantial deficit.
- Reporting 0% compensation for all highest-paid employees across multiple years raises questions about transparency.
- Assets decreased significantly from $15,389,954 in 2022 to $7,304,212 in 2023.
Strengths
The following positive indicators were identified for Trinitas Foundation:
- Maintains substantial assets, despite recent declines, with $7,304,212 reported in 2023.
- Consistent filing of financial documents, indicating adherence to regulatory requirements.
Frequently Asked Questions about Trinitas Foundation
Is Trinitas Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Trinitas Foundation (EIN: 222353773) some concerns. Mission Score: 65/100. 4 red flags identified, 2 strengths noted.
How does Trinitas Foundation spend its money?
Trinitas Foundation directs 60% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Trinitas Foundation tax-deductible?
Trinitas Foundation is registered as a tax-exempt nonprofit (EIN: 222353773). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Trinitas Foundation do?
Trinitas Foundation is a nonprofit organization in the Health Care sector, located in Oceanport, New Jersey. It is classified under NTEE code E22I.
How much revenue does Trinitas Foundation have?
Trinitas Foundation reported total revenue of $2,940,723. Based on 13 IRS 990 filings on record.
What are Trinitas Foundation's total assets?
Trinitas Foundation holds total assets of $8,087,323 as reported in IRS 990 filings.
Where is Trinitas Foundation located?
Trinitas Foundation is based in Oceanport, New Jersey.
What is Trinitas Foundation's EIN?
Trinitas Foundation's Employer Identification Number (EIN) is 222353773. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Trinitas Foundation?
Trinitas Foundation is classified under NTEE code E22I (Health Care).
Is Trinitas Foundation a registered 501(c)(3)?
Yes, Trinitas Foundation is recognized as a tax-exempt organization by the IRS. EIN: 222353773.
Does Trinitas Foundation file IRS Form 990?
Yes, Trinitas Foundation has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Trinitas Foundation's revenue in 2023?
In the 202312 filing period, Trinitas Foundation reported total revenue of $3,308,153, total expenses of $12,856,663, and net assets of $7,304,212.
Is Trinitas Foundation's revenue growing or declining?
Trinitas Foundation's revenue is declining. Revenue went from $3,689,344 (202212) to $3,308,153 (202312), a -10.3% change. Based on 13 filings on record.
What is Trinitas Foundation's most recent 990 filing?
The most recent IRS Form 990 filing for Trinitas Foundation covers tax period 202312. It shows revenue of $3,308,153, expenses of $12,856,663, total assets of $7,304,212, and liabilities of $476,899.
How much does Trinitas Foundation spend on programs vs administration?
Based on IRS 990 analysis, Trinitas Foundation allocates approximately 60% of expenses to program services, 30% to administrative costs, and 10% to fundraising. Program spending is moderate relative to overhead.
Is Trinitas Foundation a trustworthy charity?
Based on AI analysis of IRS 990 data, Trinitas Foundation shows mixed signals. Mission Score: 65/100 (Good). 4 red flags identified. 2 strengths noted.
What are the red flags for Trinitas Foundation?
The following concerns were identified: Significant and consistent decline in revenue over the past several years, from $9.8M in 2017 to $2.9M in 2023.. Expenses ($12,856,663 in 2023) far exceeded revenue ($3,308,153 in 2023), leading to a substantial deficit.. Reporting 0% compensation for all highest-paid employees across multiple years raises questions about transparency.. Assets decreased significantly from $15,389,954 in 2022 to $7,304,212 in 2023.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Trinitas Foundation's strengths?
Positive indicators for Trinitas Foundation include: Maintains substantial assets, despite recent declines, with $7,304,212 reported in 2023.. Consistent filing of financial documents, indicating adherence to regulatory requirements.. These findings are derived from AI analysis of the organization's financial filings.
How does Trinitas Foundation compensate executives?
Executive compensation is reported as 0% in all available filings, which is unusual for an organization with significant assets and expenses, suggesting potential underreporting or alternative compensation structures. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Trinitas Foundation?
• The organization's financial filings show a significant decline in revenue from $9,835,388 in 2017 to $2,940,723 in 2023. • Total expenses exceeded revenue in 2023 ($12,856,663 vs. $3,308,153), indicating a substantial deficit. • The organization consistently reports 0% compensation for its highest-paid employees, which may warrant further investigation. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
Given the reported 0% executive compensation, how does the organization attract and retain leadership, and what are the actual costs associated with executive functions?
The consistent reporting of 0% compensation for executives suggests that either leadership is entirely volunteer-based, or compensation is structured in a way that is not captured in the standard 'compensation' line item, such as through related party transactions or benefits not classified as direct salary.
What specific factors contributed to the drastic increase in expenses to $12,856,663 in 2023, especially when revenue was only $3,308,153?
The significant jump in expenses in 2023, far exceeding revenue, could be due to a one-time major project, asset write-downs, or a substantial investment. Without further detail in the filings, it's difficult to pinpoint the exact cause, but it represents a major financial event.
Filing History
IRS 990 filing history for Trinitas Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Trinitas Foundation's revenue has grown by 9.5%, moving from $3.0M to $3.3M. Total assets increased by 47.7% over the same period, from $4.9M to $7.3M. Total functional expenses rose by 284.9%, from $3.3M to $12.9M. In its most recent filing year (2023), Trinitas Foundation reported a deficit of $9.5M, with expenses exceeding revenue. The organization holds $477K in liabilities against $7.3M in assets (debt-to-asset ratio: 6.5%), resulting in net assets of $6.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $3.3M | $12.9M | $7.3M | $477K | — | — |
| 2022 | $3.7M | $3.7M | $15.4M | $104K | — | View 990 |
| 2021 | $7.1M | $4.1M | $15.0M | $99K | — | View 990 |
| 2020 | $6.9M | $3.8M | $11.7M | $137K | — | View 990 |
| 2019 | $5.6M | $5.5M | $8.2M | $153K | — | View 990 |
| 2018 | $4.7M | $6.6M | $7.7M | $165K | — | View 990 |
| 2017 | $9.8M | $7.4M | $9.9M | $179K | — | View 990 |
| 2016 | $7.1M | $7.8M | $7.3M | $243K | — | View 990 |
| 2015 | $5.7M | $4.0M | $7.8M | $175K | — | View 990 |
| 2014 | $5.2M | $5.2M | $6.3M | $199K | — | View 990 |
| 2013 | $4.1M | $3.9M | $6.2M | $193K | — | View 990 |
| 2012 | $3.2M | $2.3M | $5.9M | $160K | — | View 990 |
| 2011 | $3.0M | $3.3M | $4.9M | $115K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.3M, expenses of $12.9M, and assets of $7.3M (revenue -10.3% year-over-year).
- 2022: Revenue of $3.7M, expenses of $3.7M, and assets of $15.4M (revenue -47.7% year-over-year).
- 2021: Revenue of $7.1M, expenses of $4.1M, and assets of $15.0M (revenue +2.3% year-over-year).
- 2020: Revenue of $6.9M, expenses of $3.8M, and assets of $11.7M (revenue +24.0% year-over-year).
- 2019: Revenue of $5.6M, expenses of $5.5M, and assets of $8.2M (revenue +18.6% year-over-year).
- 2018: Revenue of $4.7M, expenses of $6.6M, and assets of $7.7M (revenue -52.3% year-over-year).
- 2017: Revenue of $9.8M, expenses of $7.4M, and assets of $9.9M (revenue +39.2% year-over-year).
- 2016: Revenue of $7.1M, expenses of $7.8M, and assets of $7.3M (revenue +24.4% year-over-year).
- 2015: Revenue of $5.7M, expenses of $4.0M, and assets of $7.8M (revenue +8.4% year-over-year).
- 2014: Revenue of $5.2M, expenses of $5.2M, and assets of $6.3M (revenue +27.7% year-over-year).
- 2013: Revenue of $4.1M, expenses of $3.9M, and assets of $6.2M (revenue +28.2% year-over-year).
- 2012: Revenue of $3.2M, expenses of $2.3M, and assets of $5.9M (revenue +5.9% year-over-year).
- 2011: Revenue of $3.0M, expenses of $3.3M, and assets of $4.9M.
Data Sources and Methodology
This transparency report for Trinitas Foundation 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.