Trinity Preschool Inc

Trinity Preschool Inc. shows consistent revenue and asset growth, with no officer compensation reported.

EIN: 200495065 · Long Lake, MN · NTEE: B21 · Updated: 2026-03-28

$325KRevenue

$212KAssets

92/100Mission Score (Excellent)

B21

About Trinity Preschool Inc

Trinity Preschool Inc (EIN: 200495065) is a nonprofit organization based in Long Lake, MN, classified under NTEE code B21. The organization reported total revenue of $325K and total assets of $212K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Trinity Preschool Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Trinity Preschool Inc. demonstrates consistent financial activity, with revenues and expenses generally in the range of $200,000 to $350,000 over the past decade. The organization's assets have shown significant growth, increasing from $65,420 in 2015 to $204,036 in 2024, indicating a healthy accumulation of resources. While the most recent filing (202406) shows expenses ($353,092) exceeding revenue ($302,001), leading to a deficit, this appears to be an anomaly compared to previous years where revenue often exceeded expenses or was closely matched. The organization consistently reports 0% officer compensation, which is a strong indicator of financial transparency and a commitment to directing funds towards its mission rather than executive salaries.

The organization's spending efficiency appears strong, particularly given the absence of officer compensation. The consistent growth in assets suggests prudent financial management over the long term, building a solid foundation. The relatively low liabilities, such as $14,795 in 2024, further support a stable financial position. The consistent filing of IRS Form 990s over 14 periods also points to a commitment to transparency and regulatory compliance.

Overall, Trinity Preschool Inc. exhibits good financial health with a strong program focus, as implied by the lack of executive compensation. While the most recent year showed a deficit, the overall trend of asset growth and responsible financial management over the past decade suggests a well-managed and transparent organization.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Trinity Preschool Inc 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, Trinity Preschool Inc 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

Trinity Preschool Inc. consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers, which is highly commendable for a nonprofit of its size.

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 Preschool Inc's IRS 990 filings:

Expenses exceeded revenue in the most recent filing (202406) by over $50,000, leading to a deficit.

Strengths

The following positive indicators were identified for Trinity Preschool Inc:

Consistent reporting of 0% officer compensation across all filings.
Significant asset growth from $65,420 in 2015 to $204,036 in 2024.
Long history of IRS 990 filings (14 filings), indicating transparency and compliance.
Relatively low liabilities compared to assets, suggesting good financial management.

Frequently Asked Questions about Trinity Preschool Inc

Is Trinity Preschool Inc. financially stable?

Yes, despite a deficit in the most recent year (202406) where expenses ($353,092) exceeded revenue ($302,001), the organization has shown consistent asset growth from $65,420 in 2015 to $204,036 in 2024, indicating long-term financial stability.

Does Trinity Preschool Inc. pay its executives?

No, Trinity Preschool Inc. consistently reports 0% officer compensation in all available IRS 990 filings, indicating that no salaries are paid to its officers.

How has Trinity Preschool Inc.'s financial position changed over time?

Trinity Preschool Inc. has significantly grown its assets from $65,420 in 2015 to $204,036 in 2024, while maintaining relatively low liabilities, demonstrating a positive trend in financial health and resource accumulation.

Filing History

IRS 990 filing history for Trinity Preschool Inc showing financial trends over 14 years of public records:

Over 14 years of IRS 990 filings (2011–2024), Trinity Preschool Inc's revenue has grown by 41.2%, moving from $214K to $302K. Total assets increased by 254.1% over the same period, from $58K to $204K. Total functional expenses rose by 66.5%, from $212K to $353K. In its most recent filing year (2024), Trinity Preschool Inc reported a deficit of $51K, with expenses exceeding revenue. The organization holds $15K in liabilities against $204K in assets (debt-to-asset ratio: 7.3%), resulting in net assets of $189K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2024	$302K	$353K	$204K	$15K	—	—
2023	$343K	$286K	$253K	$13K	—	View 990
2022	$334K	$274K	$197K	$13K	—	View 990
2021	$310K	$242K	$132K	$7K	—	View 990
2020	$221K	$216K	$72K	$15K	—	—
2019	$253K	$241K	$54K	$2K	—	View 990
2018	$219K	$233K	$54K	$7K	—	View 990
2017	$250K	$253K	$60K	$0	—	View 990
2016	$261K	$263K	$63K	$0	—	View 990
2015	$255K	$261K	$65K	$0	—	View 990
2014	$241K	$238K	$71K	$0	—	View 990
2013	$238K	$242K	$67K	$0	—	View 990
2012	$238K	$225K	$71K	$0	—	View 990
2011	$214K	$212K	$58K	$0	—	View 990

Year-by-Year Financial Summary

2024: Revenue of $302K, expenses of $353K, and assets of $204K (revenue -11.8% year-over-year).
2023: Revenue of $343K, expenses of $286K, and assets of $253K (revenue +2.6% year-over-year).
2022: Revenue of $334K, expenses of $274K, and assets of $197K (revenue +7.7% year-over-year).
2021: Revenue of $310K, expenses of $242K, and assets of $132K (revenue +40.3% year-over-year).
2020: Revenue of $221K, expenses of $216K, and assets of $72K (revenue -12.7% year-over-year).
2019: Revenue of $253K, expenses of $241K, and assets of $54K (revenue +15.4% year-over-year).
2018: Revenue of $219K, expenses of $233K, and assets of $54K (revenue -12.3% year-over-year).
2017: Revenue of $250K, expenses of $253K, and assets of $60K (revenue -4.3% year-over-year).
2016: Revenue of $261K, expenses of $263K, and assets of $63K (revenue +2.3% year-over-year).
2015: Revenue of $255K, expenses of $261K, and assets of $65K (revenue +5.8% year-over-year).
2014: Revenue of $241K, expenses of $238K, and assets of $71K (revenue +1.3% year-over-year).
2013: Revenue of $238K, expenses of $242K, and assets of $67K (revenue +0.0% year-over-year).
2012: Revenue of $238K, expenses of $225K, and assets of $71K (revenue +11.4% year-over-year).
2011: Revenue of $214K, expenses of $212K, and assets of $58K.

Data Sources and Methodology

This transparency report for Trinity Preschool 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.