Turtle Ridge Foundation Inc
Turtle Ridge Foundation Inc consistently grows assets with no reported officer compensation.
EIN: 204930534 · Franconia, NH · NTEE: O50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $215K |
| Total Expenses | $128K |
| Program Spending | 90% |
| Net Assets | $164K |
| Transparency Score | 92/100 |
Is Turtle Ridge Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Turtle Ridge Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Turtle Ridge Foundation Inc
Turtle Ridge Foundation Inc (EIN: 204930534) is a nonprofit organization based in Franconia, NH, classified under NTEE code O50. The organization reported total revenue of $215K and total assets of $218K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Turtle Ridge Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Turtle Ridge Foundation Inc is a small nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $150K |
| Total Expenses | $128K |
| Surplus / Deficit | +$22K |
| Total Assets | $167K |
| Total Liabilities | $2K |
| Net Assets | $164K |
| Operating Margin | 14.5% |
| Debt-to-Asset Ratio | 1.4% |
| Months of Reserves | 15.6 months |
Financial Health Grade: A
In 2023, Turtle Ridge Foundation Inc reported a surplus of $22K with revenue exceeding expenses, holds 15.6 months of operating reserves (strong position), has a debt-to-asset ratio of 1.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Turtle Ridge Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -11.7% | -3.9% | +16.1% |
| 2022 | +43.2% | +25.7% | +34.4% |
| 2021 | +44.1% | +116.0% | +11.2% |
| 2020 | +52.6% | -43.6% | +51.5% |
| 2019 | -62.5% | -43.5% | -33.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2100 |
| IRS Ruling Date | 2008 |
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 Turtle Ridge Foundation Inc with a Mission Score of 92 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, Turtle Ridge Foundation Inc 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $22K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.4%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through non-officer roles, which is highly efficient for an organization of its revenue 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.
Strengths
The following positive indicators were identified for Turtle Ridge Foundation Inc:
- Consistent asset growth, from $96,024 in 2020 to $166,629 in 2023.
- No reported officer compensation across all 13 filings, indicating high efficiency.
- Low liabilities relative to assets, with $2,322 in liabilities against $166,629 in assets in 2023.
- Consistent positive net income in recent years (e.g., $21,820 in 2023, $36,463 in 2022).
- Strong historical filing compliance with 13 IRS 990 filings.
Frequently Asked Questions about Turtle Ridge Foundation Inc
Is Turtle Ridge Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Turtle Ridge Foundation Inc (EIN: 204930534) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Turtle Ridge Foundation Inc spend its money?
Turtle Ridge Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Turtle Ridge Foundation Inc tax-deductible?
Turtle Ridge Foundation Inc is registered as a tax-exempt nonprofit (EIN: 204930534). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Turtle Ridge Foundation Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Turtle Ridge Foundation Inc is above average for NTEE category O50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Turtle Ridge Foundation Inc located?
Turtle Ridge Foundation Inc is headquartered in Franconia, New Hampshire and files with the IRS under EIN 204930534. It is classified under NTEE code O50.
How many years of IRS 990 filings does Turtle Ridge Foundation Inc have?
Turtle Ridge Foundation 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 $215K in total revenue.
Is Turtle Ridge Foundation Inc a good charity?
Based on the available financial data, Turtle Ridge Foundation Inc appears to be a good charity. It consistently maintains a positive financial position, has grown its assets from $96,024 in 2020 to $166,629 in 2023, and reports no officer compensation, indicating efficient use of funds.
How has the organization's financial health changed over time?
The organization's financial health has generally improved, especially in recent years. After some periods of expenses exceeding revenue (e.g., 2019, 2018, 2016), it has consistently generated surpluses since 2020, leading to a steady increase in assets from $96,024 in 2020 to $166,629 in 2023.
What is the organization's approach to executive compensation?
Turtle Ridge Foundation Inc reports 0% officer compensation in all available filings, suggesting a highly lean or volunteer-driven executive structure, which is a strong indicator of financial efficiency.
Filing History
IRS 990 filing history for Turtle Ridge Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Turtle Ridge Foundation Inc's revenue has grown by 4.6%, moving from $144K to $150K. Total assets increased by 15.1% over the same period, from $145K to $167K. Total functional expenses fell by 14%, from $149K to $128K. In its most recent filing year (2023), Turtle Ridge Foundation Inc reported a surplus of $22K, with revenue exceeding expenses. The organization holds $2K in liabilities against $167K in assets (debt-to-asset ratio: 1.4%), resulting in net assets of $164K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $150K | $128K | $167K | $2K | — | View 990 |
| 2022 | $170K | $134K | $143K | $1K | — | View 990 |
| 2021 | $119K | $106K | $107K | $752 | — | View 990 |
| 2020 | $82K | $49K | $96K | $2K | — | View 990 |
| 2019 | $54K | $87K | $63K | $3K | — | View 990 |
| 2018 | $144K | $154K | $95K | $1K | — | View 990 |
| 2017 | $110K | $97K | $105K | $1K | — | View 990 |
| 2016 | $107K | $160K | $110K | $19K | — | View 990 |
| 2015 | $157K | $162K | $149K | $5K | — | View 990 |
| 2014 | $223K | $185K | $157K | $7K | — | View 990 |
| 2013 | $139K | $162K | $115K | $3K | — | View 990 |
| 2012 | $114K | $118K | $150K | $16K | — | View 990 |
| 2011 | $144K | $149K | $145K | $6K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $150K, expenses of $128K, and assets of $167K (revenue -11.7% year-over-year).
- 2022: Revenue of $170K, expenses of $134K, and assets of $143K (revenue +43.2% year-over-year).
- 2021: Revenue of $119K, expenses of $106K, and assets of $107K (revenue +44.1% year-over-year).
- 2020: Revenue of $82K, expenses of $49K, and assets of $96K (revenue +52.6% year-over-year).
- 2019: Revenue of $54K, expenses of $87K, and assets of $63K (revenue -62.5% year-over-year).
- 2018: Revenue of $144K, expenses of $154K, and assets of $95K (revenue +30.6% year-over-year).
- 2017: Revenue of $110K, expenses of $97K, and assets of $105K (revenue +3.0% year-over-year).
- 2016: Revenue of $107K, expenses of $160K, and assets of $110K (revenue -31.9% year-over-year).
- 2015: Revenue of $157K, expenses of $162K, and assets of $149K (revenue -29.6% year-over-year).
- 2014: Revenue of $223K, expenses of $185K, and assets of $157K (revenue +60.6% year-over-year).
- 2013: Revenue of $139K, expenses of $162K, and assets of $115K (revenue +22.1% year-over-year).
- 2012: Revenue of $114K, expenses of $118K, and assets of $150K (revenue -20.8% year-over-year).
- 2011: Revenue of $144K, expenses of $149K, and assets of $145K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Turtle Ridge Foundation Inc:
Data Sources and Methodology
This transparency report for Turtle Ridge 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.