Troy Savings Bank Music Hall Corporation

Source Check Matrix

What Has Been Verified vs. What Needs Human Review

Source and Resolution Links

Finish the Investigation Outside Our Dataset

When the answer lives with the IRS, ProPublica, Candid, Charity Navigator, or the nonprofit itself, NonprofitSpending links out instead of trapping the user on a partial answer.

Workflow Engine

Queries We Should Resolve, Not Just Answer

Search Console demand points to task completion. Each workflow can run calculations, source checks, external lookups, comparisons, and report/export capture around this nonprofit.

Search Intent Cockpit

Troy Savings Bank Music Hall Corporation Form 990, Revenue, CEO Pay, and IRS Filing Signals

Troy Savings Bank Music Hall Corporation is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Troy Savings Bank Music Hall Corporation in one place.

Is Troy Savings Bank Music Hall Corporation Legit?

Appears Legitimate

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

Across stored filings, Troy Savings Bank Music Hall Corporation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

Decision Cockpit

One-Stop Donor, Research, and Peer Context Hub

Donation Decision Flow

From Trust Check to Better Alternatives

Alternative Shopping

Similar Nonprofits Donors Should Compare

Next Best Actions

Keep the Investigation Moving

Research Workflow

Turn this Form 990 profile into a donor-ready report

Request a concise report for Troy Savings Bank Music Hall Corporation with revenue, expenses, executive compensation, red flags, peer context, and IRS source links. You can also request CSV exports or watchlist updates for future filings.

Early access request only. Reports and exports are informational and based on public IRS records, not financial or legal advice.

Troy Savings Bank Music Hall Corporation directs 82% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Troy Savings Bank Music Hall Corporation

Troy Savings Bank Music Hall Corporation (EIN: 222270512) is a nonprofit organization based in Troy, NY. The organization reported total revenue of $5.6M and total assets of $5.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Troy Savings Bank Music Hall Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Troy Savings Bank Music Hall Corporation is a mid-size nonprofit that has been operating for 47 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.3%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: B

In 2023, Troy Savings Bank Music Hall Corporation reported a deficit of $385K with expenses exceeding revenue, holds 9.6 months of operating reserves (strong position), has a debt-to-asset ratio of 49.2% (moderate leverage).

Financial Trends

Over 13 years of filings (2011–2023), Troy Savings Bank Music Hall Corporation's revenue has grown at a compound annual growth rate (CAGR) of 7.3%.

IRS Tax-Exempt Classification

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 Troy Savings Bank Music Hall Corporation with a Mission Score of 85 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: 10%
• programs: 82%
• fundraising: 8%

According to IRS 990 filings, Troy Savings Bank Music Hall Corporation allocates its expenses as follows: admin: 10%, programs: 82%, fundraising: 8%. With 82% directed toward programs, this reflects a strong commitment to its charitable mission.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

• The organization reported a deficit of $385K, with expenses exceeding revenue.
• Debt-to-asset ratio: 49.2%.

Executive Compensation Analysis

Executive compensation appears reasonable, with the highest paid individual receiving $109,000 in 2022, which is appropriate for an organization of this revenue size ($2,615,236 in 2022).

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.

Strengths

The following positive indicators were identified for Troy Savings Bank Music Hall Corporation:

• Consistently high program spending, averaging over 80% of total expenses.
• Strong asset growth, from $302,828 in 2017 to $5,109,334 in 2023, indicating effective financial management and investment.
• Healthy revenue streams, with significant increases in 2022 and 2023.
• Low liabilities relative to assets, suggesting good financial stability.

Frequently Asked Questions about Troy Savings Bank Music Hall Corporation

Filing History

IRS 990 filing history for Troy Savings Bank Music Hall Corporation showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Troy Savings Bank Music Hall Corporation's revenue has grown by 131.8%, moving from $776K to $1.8M. Total assets increased by 457.2% over the same period, from $313K to $1.7M. Total functional expenses rose by 203.9%, from $718K to $2.2M. In its most recent filing year (2023), Troy Savings Bank Music Hall Corporation reported a deficit of $385K, with expenses exceeding revenue. The organization holds $857K in liabilities against $1.7M in assets (debt-to-asset ratio: 49.2%), resulting in net assets of $885K.

Year-by-Year Financial Summary

• 2023: Revenue of $1.8M, expenses of $2.2M, and assets of $1.7M (revenue -31.2% year-over-year).
• 2022: Revenue of $2.6M, expenses of $2.0M, and assets of $2.1M (revenue +151.1% year-over-year).
• 2021: Revenue of $1.0M, expenses of $752K, and assets of $1.6M (revenue -33.0% year-over-year).
• 2020: Revenue of $1.6M, expenses of $1.6M, and assets of $1.2M (revenue -19.2% year-over-year).
• 2019: Revenue of $1.9M, expenses of $1.7M, and assets of $708K (revenue +10.8% year-over-year).
• 2018: Revenue of $1.7M, expenses of $1.6M, and assets of $316K (revenue +20.0% year-over-year).
• 2017: Revenue of $1.4M, expenses of $1.4M, and assets of $303K (revenue +20.0% year-over-year).
• 2016: Revenue of $1.2M, expenses of $1.3M, and assets of $278K (revenue +25.9% year-over-year).
• 2015: Revenue of $958K, expenses of $946K, and assets of $340K (revenue +13.1% year-over-year).
• 2014: Revenue of $847K, expenses of $829K, and assets of $213K (revenue +6.8% year-over-year).
• 2013: Revenue of $793K, expenses of $810K, and assets of $315K (revenue +9.4% year-over-year).
• 2012: Revenue of $725K, expenses of $857K, and assets of $208K (revenue -6.5% year-over-year).
• 2011: Revenue of $776K, expenses of $718K, and assets of $313K.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Troy Savings Bank Music Hall Corporation:

Data Sources and Methodology

This transparency report for Troy Savings Bank Music Hall Corporation 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.