Turnaround Resource Center Inc
EIN: 822816043 · Lebanon Jct, KY · NTEE: K30
| Metric | Value |
|---|---|
| Total Revenue | $446K |
| Total Expenses | $2.1M |
| Net Assets | $339K |
Is Turnaround Resource Center Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Turnaround Resource Center Inc
Turnaround Resource Center Inc (EIN: 822816043) is a nonprofit organization based in Lebanon Jct, KY, classified under NTEE code K30. The organization reported total revenue of $446K and total assets of $446K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Turnaround Resource Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Turnaround Resource Center Inc is a small nonprofit that has been operating for 6 years, with 4 years of IRS 990 filings on record (2020–2023). Revenue has grown at a compound annual rate of 93.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.0M |
| Total Expenses | $2.1M |
| Surplus / Deficit | $-38,148 |
| Total Assets | $339K |
| Net Assets | $339K |
| Operating Margin | -1.9% |
| Months of Reserves | 2.0 months |
Financial Health Grade: C
In 2023, Turnaround Resource Center Inc reported a deficit of $38K with expenses exceeding revenue, holds 2.0 months of operating reserves (limited).
Financial Trends
Over 4 years of filings (2020–2023), Turnaround Resource Center Inc's revenue has grown at a compound annual growth rate (CAGR) of 93.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +487.9% | +1133.4% | -10.1% |
| 2022 | +99.7% | +5.5% | +89.0% |
| 2021 | -38.3% | +67.0% | +7.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2020 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Turnaround Resource Center Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Turnaround Resource Center Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $38K, with expenses exceeding revenue.
Frequently Asked Questions about Turnaround Resource Center Inc
Is Turnaround Resource Center Inc a legitimate charity?
Turnaround Resource Center Inc (EIN: 822816043) is a registered tax-exempt nonprofit based in Kentucky. It has 4 years of IRS 990 filings on record. Total revenue: $446K. No red flags identified. Financial health grade: C.
How does Turnaround Resource Center Inc spend its money?
Turnaround Resource Center Inc reported $446K in total revenue in IRS 990 filings. 4 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Turnaround Resource Center Inc tax-deductible?
Turnaround Resource Center Inc is registered as a tax-exempt nonprofit (EIN: 822816043). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Turnaround Resource Center Inc located?
Turnaround Resource Center Inc is headquartered in Lebanon Jct, Kentucky and files with the IRS under EIN 822816043. It is classified under NTEE code K30.
How many years of IRS 990 filings does Turnaround Resource Center Inc have?
Turnaround Resource Center Inc has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $446K in total revenue.
Filing History
IRS 990 filing history for Turnaround Resource Center Inc showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2020–2023), Turnaround Resource Center Inc's revenue has grown by 624.5%, moving from $280K to $2.0M. Total assets increased by 82.6% over the same period, from $185K to $339K. Total functional expenses rose by 2073.9%, from $95K to $2.1M. In its most recent filing year (2023), Turnaround Resource Center Inc reported a deficit of $38K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.0M | $2.1M | $339K | $0 | — | — |
| 2022 | $345K | $167K | $377K | $0 | — | View 990 |
| 2021 | $173K | $159K | $199K | $0 | — | View 990 |
| 2020 | $280K | $95K | $185K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.0M, expenses of $2.1M, and assets of $339K (revenue +487.9% year-over-year).
- 2022: Revenue of $345K, expenses of $167K, and assets of $377K (revenue +99.7% year-over-year).
- 2021: Revenue of $173K, expenses of $159K, and assets of $199K (revenue -38.3% year-over-year).
- 2020: Revenue of $280K, expenses of $95K, and assets of $185K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Turnaround Resource Center Inc:
Data Sources and Methodology
This transparency report for Turnaround Resource Center 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.