Trustbridge Foundation Inc
Trustbridge Foundation maintains over $177M in assets despite fluctuating revenues and reports no officer compensation.
EIN: 203974070 · Lakewood Ranch, FL · NTEE: P112 · Updated: 2026-03-28
Is Trustbridge Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Trustbridge Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Trustbridge Foundation Inc
Trustbridge Foundation Inc (EIN: 203974070) is a nonprofit organization based in Lakewood Ranch, FL, classified under NTEE code P112. The organization reported total revenue of $11.1M and total assets of $177.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Trustbridge Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Trustbridge Foundation Inc is a large nonprofit that has been operating for 19 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $10.5M |
| Total Expenses | $6.8M |
| Surplus / Deficit | +$3.7M |
| Total Assets | $158.7M |
| Total Liabilities | $1.2M |
| Net Assets | $157.5M |
| Operating Margin | 35.5% |
| Debt-to-Asset Ratio | 0.8% |
| Months of Reserves | 280.3 months |
Financial Health Grade: A
In 2023, Trustbridge Foundation Inc reported a surplus of $3.7M with revenue exceeding expenses, holds 280.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.8% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2023), Trustbridge Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -3.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +171.4% | -27.4% | +11.1% |
| 2022 | -86.0% | +34.3% | -13.5% |
| 2021 | +332.4% | -30.2% | +10.7% |
| 2020 | -37.8% | +13.0% | +7.3% |
| 2019 | -47.2% | +8.7% | +14.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Trustbridge Foundation Inc 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: 85%
- fundraising: 5%
According to IRS 990 filings, Trustbridge Foundation Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 surplus of $3.7M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.8%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all 14 available filings, which is highly unusual for a foundation managing assets exceeding $177 million. This suggests that executive compensation may be handled by a related entity, not categorized as 'officer compensation' on the 990, or that the foundation operates with entirely volunteer leadership.
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 Trustbridge Foundation Inc's IRS 990 filings:
- Consistent 0% officer compensation reported, which is highly unusual for an organization of this size and asset base, potentially obscuring true leadership compensation.
Strengths
The following positive indicators were identified for Trustbridge Foundation Inc:
- Strong and growing asset base, reaching $177,182,109.
- Generally prudent spending with expenses often well below revenue, contributing to asset growth.
- Low liabilities relative to assets, indicating strong financial health.
- Consistent filing of IRS 990 forms, demonstrating a commitment to regulatory compliance.
Frequently Asked Questions about Trustbridge Foundation Inc
Is Trustbridge Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Trustbridge Foundation Inc (EIN: 203974070) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Trustbridge Foundation Inc spend its money?
Trustbridge Foundation Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Trustbridge Foundation Inc tax-deductible?
Trustbridge Foundation Inc is registered as a tax-exempt nonprofit (EIN: 203974070). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Trustbridge Foundation Inc a good charity?
Based on its strong asset base ($177,182,109), consistent financial health, and generally lower expenses relative to revenue, the foundation appears to be financially well-managed. However, the consistent reporting of 0% officer compensation warrants further investigation for complete transparency.
How does Trustbridge Foundation Inc manage its executive compensation?
All available IRS 990 filings for Trustbridge Foundation Inc report 0% officer compensation. This is highly atypical for an organization of its size and asset value, suggesting that executive compensation might be paid by a related entity or structured in a way not captured under this specific line item on the 990.
What is the trend in Trustbridge Foundation Inc's revenue?
Trustbridge Foundation Inc's revenue has been highly volatile, ranging from a high of $27,715,967 in 2021 to a low of $3,882,103 in 2022, and $10,534,805 in 2023. This indicates a reliance on variable funding sources, which could include large donations or investment gains/losses.
What is the financial stability of Trustbridge Foundation Inc?
The foundation demonstrates strong financial stability, consistently maintaining assets well over $100 million, reaching $177,182,109 in the latest period. Liabilities are consistently low relative to assets, indicating a healthy balance sheet.
Filing History
IRS 990 filing history for Trustbridge Foundation Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Trustbridge Foundation Inc's revenue has declined by 34.3%, moving from $16.0M to $10.5M. Total assets increased by 78.2% over the same period, from $89.0M to $158.7M. Total functional expenses rose by 4.1%, from $6.5M to $6.8M. In its most recent filing year (2023), Trustbridge Foundation Inc reported a surplus of $3.7M, with revenue exceeding expenses. The organization holds $1.2M in liabilities against $158.7M in assets (debt-to-asset ratio: 0.8%), resulting in net assets of $157.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $10.5M | $6.8M | $158.7M | $1.2M | — | View 990 |
| 2022 | $3.9M | $9.4M | $142.8M | $2.0M | — | View 990 |
| 2021 | $27.7M | $7.0M | $165.1M | $859K | — | View 990 |
| 2020 | $6.4M | $10.0M | $149.2M | $1.4M | — | — |
| 2019 | $10.3M | $8.8M | $139.0M | $1.2M | — | View 990 |
| 2018 | $19.5M | $8.1M | $121.6M | $1.1M | — | View 990 |
| 2017 | $14.7M | $8.3M | $130.8M | $1.4M | — | — |
| 2016 | $12.2M | $6.1M | $117.8M | $986K | — | View 990 |
| 2015 | $11.3M | $8.2M | $111.8M | $419K | — | View 990 |
| 2014 | $10.6M | $9.7M | $115.6M | $541K | — | View 990 |
| 2013 | $3.4M | $1.4M | $114.6M | $293K | — | View 990 |
| 2013 | $7.8M | $6.1M | $109.6M | $369K | — | View 990 |
| 2012 | $9.9M | $6.5M | $101.0M | $1.5M | — | View 990 |
| 2011 | $16.0M | $6.5M | $89.0M | $9.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $10.5M, expenses of $6.8M, and assets of $158.7M (revenue +171.4% year-over-year).
- 2022: Revenue of $3.9M, expenses of $9.4M, and assets of $142.8M (revenue -86.0% year-over-year).
- 2021: Revenue of $27.7M, expenses of $7.0M, and assets of $165.1M (revenue +332.4% year-over-year).
- 2020: Revenue of $6.4M, expenses of $10.0M, and assets of $149.2M (revenue -37.8% year-over-year).
- 2019: Revenue of $10.3M, expenses of $8.8M, and assets of $139.0M (revenue -47.2% year-over-year).
- 2018: Revenue of $19.5M, expenses of $8.1M, and assets of $121.6M (revenue +32.9% year-over-year).
- 2017: Revenue of $14.7M, expenses of $8.3M, and assets of $130.8M (revenue +20.3% year-over-year).
- 2016: Revenue of $12.2M, expenses of $6.1M, and assets of $117.8M (revenue +7.8% year-over-year).
- 2015: Revenue of $11.3M, expenses of $8.2M, and assets of $111.8M (revenue +7.3% year-over-year).
- 2014: Revenue of $10.6M, expenses of $9.7M, and assets of $115.6M (revenue +214.9% year-over-year).
- 2013: Revenue of $3.4M, expenses of $1.4M, and assets of $114.6M (revenue -57.0% year-over-year).
- 2013: Revenue of $7.8M, expenses of $6.1M, and assets of $109.6M (revenue -21.3% year-over-year).
- 2012: Revenue of $9.9M, expenses of $6.5M, and assets of $101.0M (revenue -38.3% year-over-year).
- 2011: Revenue of $16.0M, expenses of $6.5M, and assets of $89.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Trustbridge Foundation Inc:
Data Sources and Methodology
This transparency report for Trustbridge Foundation 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.