Trumbull Loves Children T L C Inc
Trumbull Loves Children: Mixed Financials, Strong Mission
EIN: 222672925 · Trumbull, CT · NTEE: P33Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $1.9M |
| Total Expenses | $1.4M |
| Program Spending | 70% |
| Net Assets | $61K |
| Transparency Score | 75/100 |
Is Trumbull Loves Children T L C Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Trumbull Loves Children T L C Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Trumbull Loves Children T L C Inc
Trumbull Loves Children T L C Inc (EIN: 222672925) is a nonprofit organization based in Trumbull, CT, classified under NTEE code P33Z. The organization reported total revenue of $1.9M and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Trumbull Loves Children T L C Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Trumbull Loves Children T L C Inc is a mid-size nonprofit that has been operating for 39 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.8M |
| Total Expenses | $1.4M |
| Surplus / Deficit | +$315K |
| Total Assets | $867K |
| Total Liabilities | $805K |
| Net Assets | $61K |
| Operating Margin | 17.9% |
| Debt-to-Asset Ratio | 92.9% |
| Months of Reserves | 7.2 months |
Financial Health Grade: A
In 2023, Trumbull Loves Children T L C Inc reported a surplus of $315K with revenue exceeding expenses, holds 7.2 months of operating reserves (strong position), has a debt-to-asset ratio of 92.9% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Trumbull Loves Children T L C Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +54.4% | +28.9% | +40.5% |
| 2022 | +353.9% | +140.3% | -14.3% |
| 2021 | -76.0% | -69.8% | +43.5% |
| 2020 | -42.9% | -14.2% | -45.3% |
| 2019 | +0.8% | -5.1% | +0.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
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 Trumbull Loves Children T L C Inc with a Mission Score of 75 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: 15%
- programs: 70%
- fundraising: 15%
According to IRS 990 filings, Trumbull Loves Children T L C Inc allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. 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 surplus of $315K, with revenue exceeding expenses.
- Debt-to-asset ratio: 92.9%.
Executive Compensation Analysis
Executive compensation details are not explicitly provided in the available data, making a direct assessment of specific dollar amounts challenging without further filing review.
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 Trumbull Loves Children T L C Inc's IRS 990 filings:
- Significant fluctuations in revenue and expenses over the past few years, with a notable drop in revenue in 2021 ($251,477) followed by a rebound.
- The organization reported a deficit in 2021, with expenses ($467,325) exceeding revenue ($251,477).
Strengths
The following positive indicators were identified for Trumbull Loves Children T L C Inc:
- Consistent reporting of financial data through 990 filings.
- Maintained positive net assets in most years, indicating financial stability despite fluctuations.
- The organization has a long operating history, suggesting established community presence.
Frequently Asked Questions about Trumbull Loves Children T L C Inc
Is Trumbull Loves Children T L C Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Trumbull Loves Children T L C Inc (EIN: 222672925) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Trumbull Loves Children T L C Inc spend its money?
Trumbull Loves Children T L C Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Trumbull Loves Children T L C Inc tax-deductible?
Trumbull Loves Children T L C Inc is registered as a tax-exempt nonprofit (EIN: 222672925). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Trumbull Loves Children T L C Inc's spending goes to programs?
Trumbull Loves Children T L C Inc directs 70% to programs, 15% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Trumbull Loves Children T L C Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Trumbull Loves Children T L C Inc is above average for NTEE category P33Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Trumbull Loves Children T L C Inc located?
Trumbull Loves Children T L C Inc is headquartered in Trumbull, Connecticut and files with the IRS under EIN 222672925. It is classified under NTEE code P33Z.
How many years of IRS 990 filings does Trumbull Loves Children T L C Inc have?
Trumbull Loves Children T L C 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 $1.9M in total revenue.
What does Trumbull Loves Children T L C Inc do?
Trumbull Loves Children T L C Inc is a nonprofit organization in the Human Services sector, located in Trumbull, Connecticut. It is classified under NTEE code P33Z.
How much revenue does Trumbull Loves Children T L C Inc have?
Trumbull Loves Children T L C Inc reported total revenue of $1,863,592. Based on 13 IRS 990 filings on record.
What are Trumbull Loves Children T L C Inc's total assets?
Trumbull Loves Children T L C Inc holds total assets of $1,054,715 as reported in IRS 990 filings.
Where is Trumbull Loves Children T L C Inc located?
Trumbull Loves Children T L C Inc is based in Trumbull, Connecticut.
What is Trumbull Loves Children T L C Inc's EIN?
Trumbull Loves Children T L C Inc's Employer Identification Number (EIN) is 222672925. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Trumbull Loves Children T L C Inc?
Trumbull Loves Children T L C Inc is classified under NTEE code P33Z (Human Services).
Is Trumbull Loves Children T L C Inc a registered 501(c)(3)?
Yes, Trumbull Loves Children T L C Inc is recognized as a tax-exempt organization by the IRS. EIN: 222672925.
Does Trumbull Loves Children T L C Inc file IRS Form 990?
Yes, Trumbull Loves Children T L C Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202308.
What was Trumbull Loves Children T L C Inc's revenue in 2023?
In the 202308 filing period, Trumbull Loves Children T L C Inc reported total revenue of $1,762,232, total expenses of $1,446,970, and net assets of $866,802.
Is Trumbull Loves Children T L C Inc's revenue growing or declining?
Trumbull Loves Children T L C Inc's revenue is growing. Revenue went from $1,141,486 (202208) to $1,762,232 (202308), a +54.4% change. Based on 13 filings on record.
What is Trumbull Loves Children T L C Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Trumbull Loves Children T L C Inc covers tax period 202308. It shows revenue of $1,762,232, expenses of $1,446,970, total assets of $866,802, and liabilities of $805,498.
How much does Trumbull Loves Children T L C Inc spend on programs vs administration?
Based on IRS 990 analysis, Trumbull Loves Children T L C Inc allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Trumbull Loves Children T L C Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Trumbull Loves Children T L C Inc appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for Trumbull Loves Children T L C Inc?
The following concerns were identified: Significant fluctuations in revenue and expenses over the past few years, with a notable drop in revenue in 2021 ($251,477) followed by a rebound.. The organization reported a deficit in 2021, with expenses ($467,325) exceeding revenue ($251,477).. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Trumbull Loves Children T L C Inc's strengths?
Positive indicators for Trumbull Loves Children T L C Inc include: Consistent reporting of financial data through 990 filings.. Maintained positive net assets in most years, indicating financial stability despite fluctuations.. The organization has a long operating history, suggesting established community presence.. These findings are derived from AI analysis of the organization's financial filings.
How does Trumbull Loves Children T L C Inc compensate executives?
Executive compensation details are not explicitly provided in the available data, making a direct assessment of specific dollar amounts challenging without further filing review. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does Trumbull Loves Children manage its programs and services given the significant year-to-year variability in its revenue streams?
The organization appears to adapt by managing expenses, as seen in the reduction of expenses in 2021 to $467,325 when revenue was at its lowest, suggesting a flexible operational model.
What strategies does Trumbull Loves Children employ to recover from years with substantial deficits, such as the one experienced in 2021?
Following the 2021 deficit, the organization saw a significant increase in revenue to $1,141,486 in 2022 and $1,762,232 in 2023, indicating successful fundraising or grant acquisition efforts post-deficit.
Filing History
IRS 990 filing history for Trumbull Loves Children T L C Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Trumbull Loves Children T L C Inc's revenue has declined by 22%, moving from $2.3M to $1.8M. Total assets increased by 33.9% over the same period, from $647K to $867K. Total functional expenses fell by 33.2%, from $2.2M to $1.4M. In its most recent filing year (2023), Trumbull Loves Children T L C Inc reported a surplus of $315K, with revenue exceeding expenses. The organization holds $805K in liabilities against $867K in assets (debt-to-asset ratio: 92.9%), resulting in net assets of $61K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.8M | $1.4M | $867K | $805K | — | View 990 |
| 2022 | $1.1M | $1.1M | $617K | $871K | — | View 990 |
| 2021 | $251K | $467K | $720K | $992K | — | View 990 |
| 2020 | $1.0M | $1.5M | $502K | $558K | — | — |
| 2019 | $1.8M | $1.8M | $917K | $478K | — | View 990 |
| 2018 | $1.8M | $1.9M | $916K | $515K | — | View 990 |
| 2017 | $1.8M | $1.8M | $726K | $250K | — | View 990 |
| 2016 | $1.9M | $1.9M | $708K | $274K | — | View 990 |
| 2015 | $1.8M | $1.9M | $685K | $241K | — | View 990 |
| 2014 | $1.9M | $1.9M | $740K | $237K | — | View 990 |
| 2013 | $1.9M | $1.9M | $788K | $237K | — | View 990 |
| 2012 | $2.4M | $2.1M | $851K | $267K | — | View 990 |
| 2011 | $2.3M | $2.2M | $647K | $308K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.8M, expenses of $1.4M, and assets of $867K (revenue +54.4% year-over-year).
- 2022: Revenue of $1.1M, expenses of $1.1M, and assets of $617K (revenue +353.9% year-over-year).
- 2021: Revenue of $251K, expenses of $467K, and assets of $720K (revenue -76.0% year-over-year).
- 2020: Revenue of $1.0M, expenses of $1.5M, and assets of $502K (revenue -42.9% year-over-year).
- 2019: Revenue of $1.8M, expenses of $1.8M, and assets of $917K (revenue +0.8% year-over-year).
- 2018: Revenue of $1.8M, expenses of $1.9M, and assets of $916K (revenue +2.0% year-over-year).
- 2017: Revenue of $1.8M, expenses of $1.8M, and assets of $726K (revenue -3.7% year-over-year).
- 2016: Revenue of $1.9M, expenses of $1.9M, and assets of $708K (revenue +3.7% year-over-year).
- 2015: Revenue of $1.8M, expenses of $1.9M, and assets of $685K (revenue -3.5% year-over-year).
- 2014: Revenue of $1.9M, expenses of $1.9M, and assets of $740K (revenue -2.3% year-over-year).
- 2013: Revenue of $1.9M, expenses of $1.9M, and assets of $788K (revenue -20.1% year-over-year).
- 2012: Revenue of $2.4M, expenses of $2.1M, and assets of $851K (revenue +5.2% year-over-year).
- 2011: Revenue of $2.3M, expenses of $2.2M, and assets of $647K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Trumbull Loves Children T L C Inc:
Data Sources and Methodology
This transparency report for Trumbull Loves Children T L C 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.