Turquoise Trail Charter School Foundation
Small charter school foundation shows stable finances with 0% officer compensation amidst fluctuating revenue.
EIN: 201619552 · Santa Fe, NM · NTEE: B11 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $21K |
| Total Expenses | $18K |
| Program Spending | 90% |
| Net Assets | $26K |
| Transparency Score | 85/100 |
Is Turquoise Trail Charter School Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Turquoise Trail Charter School Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Turquoise Trail Charter School Foundation
Turquoise Trail Charter School Foundation (EIN: 201619552) is a nonprofit organization based in Santa Fe, NM, classified under NTEE code B11. The organization reported total revenue of $21K and total assets of $27K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Turquoise Trail Charter School Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Turquoise Trail Charter School Foundation is a micro nonprofit that has been operating for 1 years, with 9 years of IRS 990 filings on record (2013–2021). Revenue has grown at a compound annual rate of 43.2%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $20K |
| Total Expenses | $18K |
| Surplus / Deficit | +$2K |
| Total Assets | $27K |
| Total Liabilities | $1K |
| Net Assets | $26K |
| Operating Margin | 11.7% |
| Debt-to-Asset Ratio | 3.9% |
| Months of Reserves | 18.7 months |
Financial Health Grade: A
In 2021, Turquoise Trail Charter School Foundation reported a surplus of $2K with revenue exceeding expenses, holds 18.7 months of operating reserves (strong position), has a debt-to-asset ratio of 3.9% (very low leverage).
Financial Trends
Over 9 years of filings (2013–2021), Turquoise Trail Charter School Foundation's revenue has grown at a compound annual growth rate (CAGR) of 43.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | +410.5% | +101.5% | +12.5% |
| 2020 | -97.8% | -96.8% | -15.5% |
| 2019 | +3.7% | +312.8% | -77.2% |
| 2018 | +3862.9% | +2090.4% | +719.5% |
| 2017 | -68.3% | -70.8% | +9.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2025 |
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 Turquoise Trail Charter School Foundation 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: 90%
- fundraising: 0%
According to IRS 990 filings, Turquoise Trail Charter School Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2K, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.9%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all nine filings, indicating that the organization is likely volunteer-led or that any compensation falls below reporting thresholds, which is highly favorable for a small organization 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 Turquoise Trail Charter School Foundation's IRS 990 filings:
- Highly fluctuating revenue streams across reporting periods, making long-term planning challenging.
- Periods of significant deficit spending, such as in 201906 where expenses ($269,834) far exceeded revenue ($177,470).
Strengths
The following positive indicators were identified for Turquoise Trail Charter School Foundation:
- Consistent reporting of 0% officer compensation across all filings, indicating high efficiency in executive pay.
- Maintains a positive net asset position, with assets ($27,464 in 202106) consistently exceeding liabilities ($1,084 in 202106).
- Regularly files IRS Form 990, demonstrating a commitment to transparency.
- Strong program focus implied by the lack of reported fundraising or administrative compensation.
Frequently Asked Questions about Turquoise Trail Charter School Foundation
Is Turquoise Trail Charter School Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Turquoise Trail Charter School Foundation (EIN: 201619552) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Turquoise Trail Charter School Foundation spend its money?
Turquoise Trail Charter School Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Turquoise Trail Charter School Foundation tax-deductible?
Turquoise Trail Charter School Foundation is registered as a tax-exempt nonprofit (EIN: 201619552). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Turquoise Trail Charter School Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Turquoise Trail Charter School Foundation is above average for NTEE category B11 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Turquoise Trail Charter School Foundation located?
Turquoise Trail Charter School Foundation is headquartered in Santa Fe, New Mexico and files with the IRS under EIN 201619552. It is classified under NTEE code B11.
How many years of IRS 990 filings does Turquoise Trail Charter School Foundation have?
Turquoise Trail Charter School Foundation has 9 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 $21K in total revenue.
Is Turquoise Trail Charter School Foundation a good charity?
Based on the available data, the foundation appears to be a good charity for its size. It consistently reports 0% officer compensation, indicating efficient use of funds, and maintains a stable asset base relative to its revenue. Its consistent 990 filings also demonstrate transparency.
How does the organization manage its expenses given its fluctuating revenue?
The organization appears to manage its expenses in line with its revenue, often spending less than or close to its income, as seen in 202106 (Revenue $19,896, Expenses $17,578). However, there have been periods of significant deficit spending, such as in 201906 (Revenue $177,470, Expenses $269,834), suggesting a need for more consistent financial planning or revenue streams.
What is the primary source of the foundation's revenue?
While the 990 data doesn't specify the exact breakdown of revenue sources, the significant fluctuations (e.g., $177,470 in 201906 vs. $3,897 in 202006) suggest reliance on grants, specific fundraising events, or large individual donations rather than a consistent, diversified funding base.
Filing History
IRS 990 filing history for Turquoise Trail Charter School Foundation showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2013–2021), Turquoise Trail Charter School Foundation's revenue has grown by 1670.1%, moving from $1K to $20K. Total assets increased by 200% over the same period, from $9K to $27K. Total functional expenses rose by 609.6%, from $2K to $18K. In its most recent filing year (2021), Turquoise Trail Charter School Foundation reported a surplus of $2K, with revenue exceeding expenses. The organization holds $1K in liabilities against $27K in assets (debt-to-asset ratio: 3.9%), resulting in net assets of $26K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $20K | $18K | $27K | $1K | — | View 990 |
| 2020 | $4K | $9K | $24K | $361 | — | View 990 |
| 2019 | $177K | $270K | $29K | $0 | — | View 990 |
| 2018 | $171K | $65K | $127K | $6K | — | View 990 |
| 2017 | $4K | $3K | $15K | $0 | — | — |
| 2016 | $14K | $10K | $14K | $0 | — | — |
| 2015 | $-3,507 | $0 | $11K | $0 | — | — |
| 2014 | $7K | $2K | $14K | $0 | — | — |
| 2013 | $1K | $2K | $9K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $20K, expenses of $18K, and assets of $27K (revenue +410.5% year-over-year).
- 2020: Revenue of $4K, expenses of $9K, and assets of $24K (revenue -97.8% year-over-year).
- 2019: Revenue of $177K, expenses of $270K, and assets of $29K (revenue +3.7% year-over-year).
- 2018: Revenue of $171K, expenses of $65K, and assets of $127K (revenue +3862.9% year-over-year).
- 2017: Revenue of $4K, expenses of $3K, and assets of $15K (revenue -68.3% year-over-year).
- 2016: Revenue of $14K, expenses of $10K, and assets of $14K.
- 2015: Revenue of $-3,507, expenses of $0, and assets of $11K (revenue -148.6% year-over-year).
- 2014: Revenue of $7K, expenses of $2K, and assets of $14K (revenue +542.1% year-over-year).
- 2013: Revenue of $1K, expenses of $2K, and assets of $9K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Turquoise Trail Charter School Foundation:
Data Sources and Methodology
This transparency report for Turquoise Trail Charter School Foundation 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.