Turtle Mountain Cdfi
Turtle Mountain Cdfi shows inconsistent revenue and expenses, maintaining over $1 million in assets despite recent operational deficits.
EIN: 10916120 · Belcourt, ND · NTEE: L20 · Updated: 2026-03-28
Is Turtle Mountain Cdfi Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Turtle Mountain Cdfi directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Turtle Mountain Cdfi
Turtle Mountain Cdfi (EIN: 10916120) is a nonprofit organization based in Belcourt, ND, classified under NTEE code L20. The organization reported total revenue of $20K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Turtle Mountain Cdfi's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Turtle Mountain Cdfi with a Mission Score of 65 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Turtle Mountain Cdfi allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
No officer compensation has been reported across all available filings, suggesting either a volunteer-led organization or that executive compensation is not disclosed in the provided summary data, which limits a full assessment of compensation relative to organizational 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 Turtle Mountain Cdfi's IRS 990 filings:
- Inconsistent revenue generation with significant year-over-year fluctuations.
- Operational deficits in multiple years (e.g., 2017, 2013) where expenses exceeded revenue.
- Unexplained zero revenue and expenses reported in 2015, raising questions about operational continuity or reporting accuracy.
Strengths
The following positive indicators were identified for Turtle Mountain Cdfi:
- Maintained a substantial asset base, exceeding $1 million in recent years, providing a buffer against financial instability.
- Zero reported liabilities in the latest filing (2017), indicating good debt management.
- No reported officer compensation, which could suggest efficient use of funds if leadership is volunteer-based or modestly compensated.
Frequently Asked Questions about Turtle Mountain Cdfi
Is Turtle Mountain Cdfi a legitimate charity?
Based on AI analysis of IRS 990 filings, Turtle Mountain Cdfi (EIN: 10916120) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Turtle Mountain Cdfi spend its money?
Turtle Mountain Cdfi directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Turtle Mountain Cdfi tax-deductible?
Turtle Mountain Cdfi is registered as a tax-exempt nonprofit (EIN: 10916120). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What caused the significant fluctuations in revenue and expenses, particularly the zero activity in 2015?
The provided data does not specify the reasons for these fluctuations, but they could be due to grant cycles, project-based funding, or reporting anomalies. The zero activity in 2015 is particularly unusual and warrants further investigation into the organization's operational status during that period.
How does Turtle Mountain Cdfi sustain its operations with periods of significant expense exceeding revenue, such as in 2017 where expenses were $48,878 against $19,533 in revenue?
The organization likely draws upon its substantial asset base, which was over $1 million in 2017, or relies on reserves from prior years' surpluses to cover operational deficits. This strategy, however, is not sustainable long-term without consistent revenue generation.
What is the nature of the organization's programs, given its NTEE code L20 (Community Development Financial Institutions)?
As a CDFI, Turtle Mountain Cdfi likely focuses on providing financial services and technical assistance to underserved communities, promoting economic development and self-sufficiency. The specific programs would involve lending, investment, and capacity building within its target community.
Filing History
IRS 990 filing history for Turtle Mountain Cdfi showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2011–2017), Turtle Mountain Cdfi's revenue has declined by 96.5%, moving from $557K to $20K. Total assets increased by 44.4% over the same period, from $752K to $1.1M. Total functional expenses fell by 67.3%, from $149K to $49K. In its most recent filing year (2017), Turtle Mountain Cdfi reported a deficit of $29K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2017 | $20K | $49K | $1.1M | $0 | — | — |
| 2016 | $382K | $95K | $1.1M | $5K | — | — |
| 2015 | $0 | $0 | $0 | $0 | — | — |
| 2014 | $332K | $81K | $944K | $3K | — | View 990 |
| 2013 | $40K | $144K | $690K | $513 | — | View 990 |
| 2012 | $257K | $172K | $796K | $2K | — | View 990 |
| 2011 | $557K | $149K | $752K | $38K | — | View 990 |
Year-by-Year Financial Summary
- 2017: Revenue of $20K, expenses of $49K, and assets of $1.1M (revenue -94.9% year-over-year).
- 2016: Revenue of $382K, expenses of $95K, and assets of $1.1M.
- 2015: Revenue of $0, expenses of $0, and assets of $0 (revenue -100.0% year-over-year).
- 2014: Revenue of $332K, expenses of $81K, and assets of $944K (revenue +732.4% year-over-year).
- 2013: Revenue of $40K, expenses of $144K, and assets of $690K (revenue -84.5% year-over-year).
- 2012: Revenue of $257K, expenses of $172K, and assets of $796K (revenue -53.9% year-over-year).
- 2011: Revenue of $557K, expenses of $149K, and assets of $752K.
Data Sources and Methodology
This transparency report for Turtle Mountain Cdfi 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.