Trinity Broadcasting Of New York Inc
Trinity Broadcasting Of New York Inc consistently operates at a deficit, drawing down assets despite zero reported officer compensation.
EIN: 141631995 · Fort Worth, TX · NTEE: X820 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.4M |
| Total Expenses | $6.8M |
| Program Spending | 70% |
| CEO/Top Officer Pay | $60 |
| Net Assets | $65.8M |
| Transparency Score | 55/100 |
Is Trinity Broadcasting Of New York Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Trinity Broadcasting Of New York Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Trinity Broadcasting Of New York Inc
Trinity Broadcasting Of New York Inc (EIN: 141631995) is a nonprofit organization based in Fort Worth, TX, classified under NTEE code X820. The organization reported total revenue of $3.4M and total assets of $63.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Trinity Broadcasting Of New York Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Trinity Broadcasting Of New York Inc is a mid-size nonprofit that has been operating for 44 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -6.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.6M |
| Total Expenses | $6.8M |
| Surplus / Deficit | $-3,219,000 |
| Total Assets | $65.8M |
| Total Liabilities | $14K |
| Net Assets | $65.8M |
| Operating Margin | -89.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 115.6 months |
Financial Health Grade: B
In 2023, Trinity Broadcasting Of New York Inc reported a deficit of $3.2M with expenses exceeding revenue, holds 115.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Trinity Broadcasting Of New York Inc's revenue has declined at a compound annual growth rate (CAGR) of -6.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.0% | +13.6% | -3.1% |
| 2022 | -4.6% | -7.5% | -3.1% |
| 2021 | -30.7% | -16.3% | -3.0% |
| 2020 | -34.8% | -29.9% | -2.6% |
| 2019 | -45.1% | +129.3% | -2.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1982 |
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 Trinity Broadcasting Of New York Inc with a Mission Score of 55 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Trinity Broadcasting Of New York Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $3.2M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Trinity Broadcasting Of New York Inc consistently reports 0% officer compensation across all available filings. This is unusual for an organization with assets exceeding $60 million and annual expenses in the millions, suggesting either a fully volunteer executive leadership or that executive compensation is categorized differently within the financial statements, which could impact 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 Trinity Broadcasting Of New York Inc's IRS 990 filings:
- Consistent operational deficits (e.g., $3,219,000 deficit in 2023)
- Declining asset base from $76.3M in 2018 to $65.8M in 2023
- Significant year-over-year revenue volatility (e.g., $167M in 2017 vs. $4.4M in 2016)
- Unusually low liabilities relative to assets and expenses in some periods (e.g., $0 liabilities in 2020)
Strengths
The following positive indicators were identified for Trinity Broadcasting Of New York Inc:
- Substantial asset base ($65,846,675 in 2023)
- No reported officer compensation across all filings
- History of significant revenue generation in certain periods (e.g., $167M in 2017)
Frequently Asked Questions about Trinity Broadcasting Of New York Inc
Is Trinity Broadcasting Of New York Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Trinity Broadcasting Of New York Inc (EIN: 141631995) some concerns. Mission Score: 55/100. 4 red flags identified, 3 strengths noted.
How does Trinity Broadcasting Of New York Inc spend its money?
Trinity Broadcasting Of New York Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Trinity Broadcasting Of New York Inc tax-deductible?
Trinity Broadcasting Of New York Inc is registered as a tax-exempt nonprofit (EIN: 141631995). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Trinity Broadcasting Of New York Inc CEO make?
Trinity Broadcasting Of New York Inc's highest-compensated officer earns $60 annually. The organization reported $3.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Trinity Broadcasting Of New York Inc's spending goes to programs?
Trinity Broadcasting Of New York Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Trinity Broadcasting Of New York Inc compare to similar nonprofits?
With a transparency score of 55/100 (Fair), Trinity Broadcasting Of New York Inc is near average for NTEE category X820 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Trinity Broadcasting Of New York Inc located?
Trinity Broadcasting Of New York Inc is headquartered in Fort Worth, Texas and files with the IRS under EIN 141631995. It is classified under NTEE code X820.
How many years of IRS 990 filings does Trinity Broadcasting Of New York Inc have?
Trinity Broadcasting Of New York Inc 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 $3.4M in total revenue.
Why has Trinity Broadcasting Of New York Inc consistently operated at a deficit since 2019?
The provided data shows that expenses have exceeded revenue in most years since 2019, for example, in 2023, expenses were $6,837,282 while revenue was $3,618,282. This trend suggests that the organization is spending more than it earns, potentially drawing on reserves or asset sales to cover the difference.
How is Trinity Broadcasting Of New York Inc covering its operational deficits?
With consistent deficits and declining assets from $76,377,329 in 2018 to $65,846,675 in 2023, it appears the organization is likely covering its operational shortfalls by utilizing its accumulated assets or through other non-revenue income sources not detailed in the provided summary.
What caused the significant revenue spike in 2017?
In 2017, Trinity Broadcasting Of New York Inc reported an exceptionally high revenue of $167,067,730, a dramatic increase from $4,426,930 in 2016. This anomaly warrants further investigation into the specific nature of this revenue, such as a large one-time donation, asset sale, or other extraordinary income.
Is the 0% officer compensation truly reflective of executive leadership costs?
The consistent reporting of 0% officer compensation across all filings is unusual for an organization of this size. It raises questions about whether executive leadership is entirely volunteer-based or if compensation is reported under other expense categories, which could obscure the true cost of leadership.
Filing History
IRS 990 filing history for Trinity Broadcasting Of New York Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Trinity Broadcasting Of New York Inc's revenue has declined by 53.1%, moving from $7.7M to $3.6M. Total assets increased by 1314.8% over the same period, from $4.7M to $65.8M. Total functional expenses fell by 20.6%, from $8.6M to $6.8M. In its most recent filing year (2023), Trinity Broadcasting Of New York Inc reported a deficit of $3.2M, with expenses exceeding revenue. The organization holds $14K in liabilities against $65.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $65.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.6M | $6.8M | $65.8M | $14K | — | — |
| 2022 | $3.9M | $6.0M | $67.9M | $13K | — | View 990 |
| 2021 | $4.0M | $6.5M | $70.1M | $16K | — | View 990 |
| 2020 | $5.8M | $7.8M | $72.3M | $0 | — | View 990 |
| 2019 | $8.9M | $11.1M | $74.2M | $2K | — | View 990 |
| 2018 | $16.3M | $4.8M | $76.4M | $3K | — | View 990 |
| 2017 | $167.1M | $103.3M | $65.0M | $33K | — | View 990 |
| 2016 | $4.4M | $4.5M | $1.2M | $34K | — | View 990 |
| 2015 | $5.0M | $5.7M | $1.3M | $43K | — | View 990 |
| 2014 | $5.3M | $6.3M | $2.0M | $48K | — | View 990 |
| 2013 | $6.4M | $7.2M | $2.8M | $8K | — | View 990 |
| 2012 | $7.0M | $7.9M | $3.7M | $28K | — | View 990 |
| 2011 | $7.7M | $8.6M | $4.7M | $17K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.6M, expenses of $6.8M, and assets of $65.8M (revenue -6.0% year-over-year).
- 2022: Revenue of $3.9M, expenses of $6.0M, and assets of $67.9M (revenue -4.6% year-over-year).
- 2021: Revenue of $4.0M, expenses of $6.5M, and assets of $70.1M (revenue -30.7% year-over-year).
- 2020: Revenue of $5.8M, expenses of $7.8M, and assets of $72.3M (revenue -34.8% year-over-year).
- 2019: Revenue of $8.9M, expenses of $11.1M, and assets of $74.2M (revenue -45.1% year-over-year).
- 2018: Revenue of $16.3M, expenses of $4.8M, and assets of $76.4M (revenue -90.2% year-over-year).
- 2017: Revenue of $167.1M, expenses of $103.3M, and assets of $65.0M (revenue +3673.9% year-over-year).
- 2016: Revenue of $4.4M, expenses of $4.5M, and assets of $1.2M (revenue -12.1% year-over-year).
- 2015: Revenue of $5.0M, expenses of $5.7M, and assets of $1.3M (revenue -5.9% year-over-year).
- 2014: Revenue of $5.3M, expenses of $6.3M, and assets of $2.0M (revenue -15.9% year-over-year).
- 2013: Revenue of $6.4M, expenses of $7.2M, and assets of $2.8M (revenue -9.0% year-over-year).
- 2012: Revenue of $7.0M, expenses of $7.9M, and assets of $3.7M (revenue -9.5% year-over-year).
- 2011: Revenue of $7.7M, expenses of $8.6M, and assets of $4.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Trinity Broadcasting Of New York Inc:
Data Sources and Methodology
This transparency report for Trinity Broadcasting Of New York Inc 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.