Twin Rivers Charter School

Twin Rivers Charter School shows strong revenue growth but incurred a deficit and significant liability increase in its latest fiscal year.

EIN: 201083443 · Yuba City, CA · NTEE: B29 · Updated: 2026-03-28

$8.1MRevenue

$7.2MAssets

85/100Mission Score (Excellent)

B29

About Twin Rivers Charter School

Twin Rivers Charter School (EIN: 201083443) is a nonprofit organization based in Yuba City, CA, classified under NTEE code B29. The organization reported total revenue of $8.1M and total assets of $7.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Twin Rivers Charter School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Twin Rivers Charter School demonstrates a consistent operational history with a clear focus on its educational mission, as evidenced by its NTEE code B29 (Elementary & Secondary Education). The organization has shown significant growth in revenue and assets over the past decade, with revenue increasing from $3,323,990 in 2014 to $7,428,900 in 2023. A notable aspect of its financial management is the consistent reporting of 0% officer compensation across all available filings, which suggests a strong commitment to directing funds towards its programs rather than executive salaries. However, the most recent filing (202306) shows expenses ($8,083,062) exceeding revenue ($7,428,900), resulting in a deficit for that period. This, coupled with a substantial increase in liabilities from $661,714 in 2022 to $4,975,293 in 2023, warrants closer examination to understand the nature of these liabilities and their potential impact on future financial stability. Despite this, the organization maintains healthy asset levels, with assets at $8,841,630 in 2023.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Twin Rivers Charter School 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: 7%
programs: 90%
fundraising: 3%

According to IRS 990 filings, Twin Rivers Charter School allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is consistently reported at 0% across all available filings, indicating that no officers received compensation from the organization, which is highly unusual for an organization of this size and suggests a strong dedication to program spending.

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 Twin Rivers Charter School's IRS 990 filings:

Expenses exceeded revenue in the latest fiscal year (202306), resulting in a deficit of over $650,000.
Significant increase in liabilities from $661,714 in 2022 to $4,975,293 in 2023, which is a nearly 650% increase.
Consistent 0% officer compensation, while potentially positive, is unusual for an organization of this size and could indicate compensation is reported elsewhere or through related entities, which might obscure a full financial picture.

Strengths

The following positive indicators were identified for Twin Rivers Charter School:

Strong program focus, indicated by the NTEE code and the consistent reporting of 0% officer compensation.
Significant growth in revenue and assets over the past decade, demonstrating organizational expansion and sustainability.
Healthy asset base of $8,841,630 in 2023, providing a buffer against financial fluctuations.
Long operational history with 13 IRS 990 filings, indicating stability and established presence.

Frequently Asked Questions about Twin Rivers Charter School

Is Twin Rivers Charter School a good charity?

Twin Rivers Charter School appears to be a well-established educational institution with a strong commitment to its mission, evidenced by its consistent program focus and zero reported officer compensation. However, the recent deficit and significant increase in liabilities in the 2023 fiscal year warrant further investigation to understand their long-term implications.

What caused the large increase in liabilities in 2023?

The IRS 990 data shows liabilities increased from $661,714 in 2022 to $4,975,293 in 2023. Without access to the full 990 form, the specific cause cannot be determined, but it could be related to capital expenditures, debt financing, or other operational changes.

How does the school manage without officer compensation?

The consistent reporting of 0% officer compensation suggests that key leadership roles might be filled by volunteers, compensated through a related entity, or that the school's operational structure minimizes direct compensation to officers, allowing more funds to be allocated to programs.

Is the 2023 deficit a concern for future operations?

While a single year's deficit ($8,083,062 expenses vs. $7,428,900 revenue) is not immediately catastrophic given the organization's substantial assets ($8,841,630), a sustained trend of expenses exceeding revenue could impact financial stability. It's important to monitor future filings.

Filing History

IRS 990 filing history for Twin Rivers Charter School showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Twin Rivers Charter School's revenue has grown by 233.2%, moving from $2.2M to $7.4M. Total assets increased by 521.2% over the same period, from $1.4M to $8.8M. Total functional expenses rose by 390.5%, from $1.6M to $8.1M. In its most recent filing year (2023), Twin Rivers Charter School reported a deficit of $654K, with expenses exceeding revenue. The organization holds $5.0M in liabilities against $8.8M in assets (debt-to-asset ratio: 56.3%), resulting in net assets of $3.9M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$7.4M	$8.1M	$8.8M	$5.0M	—	—
2022	$6.1M	$5.9M	$5.2M	$662K	—	View 990
2021	$5.7M	$5.2M	$4.9M	$305K	—	—
2020	$5.2M	$5.2M	$4.2M	$152K	—	View 990
2019	$5.0M	$4.7M	$4.1M	$98K	—	View 990
2018	$5.3M	$4.9M	$3.9M	$169K	—	View 990
2017	$4.6M	$4.7M	$3.5M	$124K	—	View 990
2016	$4.5M	$4.6M	$3.7M	$277K	—	View 990
2015	$3.5M	$2.8M	$3.9M	$338K	—	View 990
2014	$3.3M	$2.6M	$3.1M	$206K	—	View 990
2013	$2.7M	$2.2M	$2.3M	$232K	—	View 990
2012	$2.4M	$2.0M	$1.9M	$208K	—	View 990
2011	$2.2M	$1.6M	$1.4M	$115K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $7.4M, expenses of $8.1M, and assets of $8.8M (revenue +22.2% year-over-year).
2022: Revenue of $6.1M, expenses of $5.9M, and assets of $5.2M (revenue +6.3% year-over-year).
2021: Revenue of $5.7M, expenses of $5.2M, and assets of $4.9M (revenue +9.0% year-over-year).
2020: Revenue of $5.2M, expenses of $5.2M, and assets of $4.2M (revenue +5.8% year-over-year).
2019: Revenue of $5.0M, expenses of $4.7M, and assets of $4.1M (revenue -6.3% year-over-year).
2018: Revenue of $5.3M, expenses of $4.9M, and assets of $3.9M (revenue +14.6% year-over-year).
2017: Revenue of $4.6M, expenses of $4.7M, and assets of $3.5M (revenue +2.5% year-over-year).
2016: Revenue of $4.5M, expenses of $4.6M, and assets of $3.7M (revenue +27.2% year-over-year).
2015: Revenue of $3.5M, expenses of $2.8M, and assets of $3.9M (revenue +6.6% year-over-year).
2014: Revenue of $3.3M, expenses of $2.6M, and assets of $3.1M (revenue +25.1% year-over-year).
2013: Revenue of $2.7M, expenses of $2.2M, and assets of $2.3M (revenue +11.4% year-over-year).
2012: Revenue of $2.4M, expenses of $2.0M, and assets of $1.9M (revenue +7.0% year-over-year).
2011: Revenue of $2.2M, expenses of $1.6M, and assets of $1.4M.

Data Sources and Methodology

This transparency report for Twin Rivers Charter School 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.