Trinity On Main Ltd
Trinity On Main Ltd faces consistent operational deficits, with expenses exceeding revenue in most recent years.
EIN: 200802317 · New Britain, CT · NTEE: A99 · Updated: 2026-03-28
Is Trinity On Main Ltd Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Trinity On Main Ltd directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Trinity On Main Ltd
Trinity On Main Ltd (EIN: 200802317) is a nonprofit organization based in New Britain, CT, classified under NTEE code A99. The organization reported total revenue of $87K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Trinity On Main Ltd's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Trinity On Main Ltd is a micro nonprofit that has been operating for 22 years, with 12 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of -5.7%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $87K |
| Total Expenses | $148K |
| Surplus / Deficit | $-60,840 |
| Total Assets | $1.1M |
| Total Liabilities | $449K |
| Net Assets | $646K |
| Operating Margin | -70.1% |
| Debt-to-Asset Ratio | 41.0% |
| Months of Reserves | 89.0 months |
Financial Health Grade: B
In 2024, Trinity On Main Ltd reported a deficit of $61K with expenses exceeding revenue, holds 89.0 months of operating reserves (strong position), has a debt-to-asset ratio of 41.0% (moderate leverage).
Financial Trends
Over 12 years of filings (2012–2024), Trinity On Main Ltd's revenue has declined at a compound annual growth rate (CAGR) of -5.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -4.6% | +1.5% | -3.4% |
| 2023 | -41.7% | -9.2% | -4.4% |
| 2022 | +54.6% | +7.1% | -1.5% |
| 2021 | -26.0% | -13.9% | -3.1% |
| 2019 | +19.5% | +3.7% | -2.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 On Main Ltd 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 On Main Ltd allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $61K, with expenses exceeding revenue.
- Debt-to-asset ratio: 41.0%.
Executive Compensation Analysis
No officer compensation has been reported across all available filings, suggesting a volunteer-led executive team or compensation below IRS reporting thresholds, which is positive for minimizing overhead but could also indicate a lack of professionalized leadership given the consistent operational deficits.
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 On Main Ltd's IRS 990 filings:
- Consistent operational deficits (e.g., $86,832 revenue vs. $147,672 expenses in 2024).
- Declining asset base over recent years ($1,302,362 in 2017 to $1,095,567 in 2024).
- Increasing liabilities ($349,226 in 2017 to $449,350 in 2024).
- Significant revenue volatility (e.g., $509,232 in 2017 compared to $86,832 in 2024).
Strengths
The following positive indicators were identified for Trinity On Main Ltd:
- No reported officer compensation, indicating resources are not being used for high executive salaries.
- Long history of IRS 990 filings (12 filings), suggesting a commitment to transparency.
- Substantial asset base ($1,095,567 in 2024) which provides some financial cushion despite deficits.
Frequently Asked Questions about Trinity On Main Ltd
Is Trinity On Main Ltd a legitimate charity?
Based on AI analysis of IRS 990 filings, Trinity On Main Ltd (EIN: 200802317) some concerns. Mission Score: 55/100. 4 red flags identified, 3 strengths noted.
How does Trinity On Main Ltd spend its money?
Trinity On Main Ltd directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Trinity On Main Ltd tax-deductible?
Trinity On Main Ltd is registered as a tax-exempt nonprofit (EIN: 200802317). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Trinity On Main Ltd financially sustainable?
Based on the consistent trend of expenses exceeding revenue in recent years (e.g., $86,832 revenue vs. $147,672 expenses in 2024), the organization's current financial model appears unsustainable without significant changes in revenue generation or expense management.
What is the primary cause of the operational deficits?
The provided data does not detail expense categories, making it difficult to pinpoint the exact cause. However, the consistent gap between total revenue and total expenses suggests either insufficient fundraising, declining program service revenue, or high operational costs relative to its income.
How has the organization's asset base changed over time?
Trinity On Main Ltd's assets have gradually declined from a peak of $1,302,362 in 2017 to $1,095,567 in 2024, while liabilities have generally increased, indicating a potential draw on reserves or increased debt to cover operational shortfalls.
Does the lack of officer compensation indicate a healthy organization?
While zero reported officer compensation can be a positive sign for minimizing administrative costs, in the context of consistent operational deficits, it might also suggest challenges in attracting or retaining professional leadership necessary to address financial sustainability issues.
Filing History
IRS 990 filing history for Trinity On Main Ltd showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2024), Trinity On Main Ltd's revenue has declined by 50.8%, moving from $177K to $87K. Total assets increased by 17.9% over the same period, from $929K to $1.1M. Total functional expenses fell by 35.2%, from $228K to $148K. In its most recent filing year (2024), Trinity On Main Ltd reported a deficit of $61K, with expenses exceeding revenue. The organization holds $449K in liabilities against $1.1M in assets (debt-to-asset ratio: 41.0%), resulting in net assets of $646K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $87K | $148K | $1.1M | $449K | — | — |
| 2023 | $91K | $146K | $1.1M | $427K | — | — |
| 2022 | $156K | $160K | $1.2M | $413K | — | — |
| 2021 | $101K | $150K | $1.2M | $428K | — | — |
| 2019 | $137K | $174K | $1.2M | $381K | — | View 990 |
| 2018 | $114K | $168K | $1.3M | $370K | — | View 990 |
| 2017 | $509K | $174K | $1.3M | $349K | — | View 990 |
| 2016 | $147K | $162K | $969K | $351K | — | View 990 |
| 2015 | $122K | $176K | $982K | $349K | — | View 990 |
| 2014 | $159K | $193K | $1.0M | $343K | — | View 990 |
| 2013 | $299K | $207K | $1.1M | $355K | — | View 990 |
| 2012 | $177K | $228K | $929K | $299K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $87K, expenses of $148K, and assets of $1.1M (revenue -4.6% year-over-year).
- 2023: Revenue of $91K, expenses of $146K, and assets of $1.1M (revenue -41.7% year-over-year).
- 2022: Revenue of $156K, expenses of $160K, and assets of $1.2M (revenue +54.6% year-over-year).
- 2021: Revenue of $101K, expenses of $150K, and assets of $1.2M (revenue -26.0% year-over-year).
- 2019: Revenue of $137K, expenses of $174K, and assets of $1.2M (revenue +19.5% year-over-year).
- 2018: Revenue of $114K, expenses of $168K, and assets of $1.3M (revenue -77.6% year-over-year).
- 2017: Revenue of $509K, expenses of $174K, and assets of $1.3M (revenue +245.6% year-over-year).
- 2016: Revenue of $147K, expenses of $162K, and assets of $969K (revenue +20.6% year-over-year).
- 2015: Revenue of $122K, expenses of $176K, and assets of $982K (revenue -23.4% year-over-year).
- 2014: Revenue of $159K, expenses of $193K, and assets of $1.0M (revenue -46.6% year-over-year).
- 2013: Revenue of $299K, expenses of $207K, and assets of $1.1M (revenue +69.2% year-over-year).
- 2012: Revenue of $177K, expenses of $228K, and assets of $929K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Trinity On Main Ltd:
Data Sources and Methodology
This transparency report for Trinity On Main Ltd 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.