704 Fhc Llc
704 Fhc Llc consistently operates with negative net assets and slight annual deficits.
EIN: 201272402 · Falmouth, MA · NTEE: L21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.4M |
| Total Expenses | $1.3M |
| Program Spending | 80% |
| Net Assets | $-864,570 |
| Transparency Score | 65/100 |
Search Intent Cockpit
704 Fhc Llc Form 990, Revenue, CEO Pay, and IRS Filing Signals
704 Fhc Llc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around 704 Fhc Llc in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $1.3M and expenses of $1.3M.
Revenue and Expenses
704 Fhc Llc reported $1.3M in revenue and $1.3M in expenses, a deficit of $21K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
65/100 mission score, 3 red flags, and 3 strengths are shown from structured and AI review.
Is 704 Fhc Llc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $1.0M (80%) |
Across stored filings, 704 Fhc Llc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 3 red flags identified |
| Mission spend | 80% to programs | Excellent |
| Financial durability | Grade C | 13 stored filing years |
| Peer context | Compare with Joint Committee For Childrens Health Care In Everett | Massachusetts and Category L context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
Open charity check →Peer Benchmark
Compare against real state and category peers.
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All Category L
Local and Sector Spokes
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Falmouth, MA nonprofitsCategory L in Massachusetts
Human Services in Massachusetts
Follow the Money
Jump into spending, compensation, rankings, and filing-year evidence.
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Category L spending
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Keep the Investigation Moving
704 Fhc Llc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About 704 Fhc Llc
704 Fhc Llc (EIN: 201272402) is a nonprofit organization based in Falmouth, MA, classified under NTEE code L21. The organization reported total revenue of $1.4M and total assets of $4.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of 704 Fhc Llc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
704 Fhc Llc is a mid-size nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $1.3M |
| Surplus / Deficit | $-21,025 |
| Total Assets | $4.4M |
| Total Liabilities | $5.3M |
| Net Assets | $-864,570 |
| Operating Margin | -1.6% |
| Debt-to-Asset Ratio | 119.7% |
| Months of Reserves | 40.6 months |
Financial Health Grade: C
In 2023, 704 Fhc Llc reported a deficit of $21K with expenses exceeding revenue, holds 40.6 months of operating reserves (strong position), has a debt-to-asset ratio of 119.7% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), 704 Fhc Llc's revenue has grown at a compound annual growth rate (CAGR) of 3.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +11.0% | +6.2% | -0.7% |
| 2022 | +2.0% | +11.8% | -2.6% |
| 2021 | +14.1% | +5.8% | -3.0% |
| 2020 | +3.1% | +0.8% | -3.2% |
| 2019 | +4.5% | +5.4% | -4.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 704 Fhc Llc 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, 704 Fhc Llc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 deficit of $21K, with expenses exceeding revenue.
- Debt-to-asset ratio: 119.7%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting either a volunteer leadership model or that executive compensation is embedded within other expense categories, which limits transparency regarding leadership costs.
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 704 Fhc Llc's IRS 990 filings:
- Persistent negative net assets, with liabilities consistently exceeding assets (e.g., $5,256,693 liabilities vs. $4,392,123 assets in 2023).
- Consistent operational deficits in multiple years (e.g., 2023, 2022, 2020, 2019, 2018, 2017, 2016, 2015, 2014), indicating spending slightly more than revenue.
- Declining asset base over the past decade, from $5,816,242 in 2014 to $4,392,123 in 2023.
Strengths
The following positive indicators were identified for 704 Fhc Llc:
- Stable revenue generation, consistently exceeding $1 million in recent years (e.g., $1,275,853 in 2023).
- Consistent filing history with the IRS, indicating compliance and transparency in reporting.
- No reported officer compensation, which could imply a highly dedicated volunteer leadership or efficient use of funds if compensation is truly absent.
Frequently Asked Questions about 704 Fhc Llc
Is 704 Fhc Llc a legitimate charity?
704 Fhc Llc (EIN: 201272402) is a registered tax-exempt nonprofit based in Massachusetts. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.4M. 3 red flags identified. 3 strengths noted. Financial health grade: C.
How does 704 Fhc Llc spend its money?
704 Fhc Llc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to 704 Fhc Llc tax-deductible?
704 Fhc Llc is registered as a tax-exempt nonprofit (EIN: 201272402). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of 704 Fhc Llc's spending goes to programs?
704 Fhc Llc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does 704 Fhc Llc compare to similar nonprofits?
With a transparency score of 65/100 (Good), 704 Fhc Llc is above average for NTEE category L21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is 704 Fhc Llc located?
704 Fhc Llc is headquartered in Falmouth, Massachusetts and files with the IRS under EIN 201272402. It is classified under NTEE code L21.
How many years of IRS 990 filings does 704 Fhc Llc have?
704 Fhc Llc 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 $1.4M in total revenue.
What is the detailed breakdown of program, administrative, and fundraising expenses?
The provided data does not offer a detailed breakdown of these expense categories, making it difficult to fully assess spending efficiency. A full IRS Form 990 would be needed for this information.
How does 704 Fhc Llc plan to address its persistent negative net asset position?
The organization has consistently reported liabilities exceeding assets, with a negative net asset position of -$864,570 in 2023. The provided data does not detail specific strategies to improve this financial standing.
Why is officer compensation consistently reported as 0%?
The filings indicate no officer compensation. This could mean a volunteer board/leadership or that compensation is categorized differently, requiring further investigation into the full 990 forms.
What is the nature of the organization's significant liabilities?
With liabilities consistently over $5 million (e.g., $5,256,693 in 2023), understanding the composition of these liabilities (e.g., mortgages, bonds, program-related investments) is crucial for a complete financial picture, but this detail is not available in the summary.
Filing History
IRS 990 filing history for 704 Fhc Llc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), 704 Fhc Llc's revenue has grown by 54.7%, moving from $825K to $1.3M. Total assets decreased by 32.2% over the same period, from $6.5M to $4.4M. Total functional expenses rose by 38.2%, from $938K to $1.3M. In its most recent filing year (2023), 704 Fhc Llc reported a deficit of $21K, with expenses exceeding revenue. The organization holds $5.3M in liabilities against $4.4M in assets (debt-to-asset ratio: 119.7%), resulting in net assets of $-864,570.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.3M | $1.3M | $4.4M | $5.3M | — | View 990 |
| 2022 | $1.1M | $1.2M | $4.4M | $5.3M | — | View 990 |
| 2021 | $1.1M | $1.1M | $4.5M | $5.3M | — | View 990 |
| 2020 | $988K | $1.0M | $4.7M | $5.5M | — | — |
| 2019 | $959K | $1.0M | $4.8M | $5.6M | — | View 990 |
| 2018 | $917K | $973K | $5.1M | $5.7M | — | View 990 |
| 2017 | $891K | $943K | $5.3M | $6.1M | — | View 990 |
| 2016 | $868K | $958K | $5.4M | $6.2M | — | View 990 |
| 2015 | $882K | $1.0M | $5.6M | $6.3M | — | View 990 |
| 2014 | $815K | $974K | $5.8M | $6.3M | — | View 990 |
| 2013 | $805K | $986K | $6.0M | $6.3M | — | View 990 |
| 2012 | $818K | $930K | $6.3M | $6.5M | — | View 990 |
| 2011 | $825K | $938K | $6.5M | $6.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.3M, expenses of $1.3M, and assets of $4.4M (revenue +11.0% year-over-year).
- 2022: Revenue of $1.1M, expenses of $1.2M, and assets of $4.4M (revenue +2.0% year-over-year).
- 2021: Revenue of $1.1M, expenses of $1.1M, and assets of $4.5M (revenue +14.1% year-over-year).
- 2020: Revenue of $988K, expenses of $1.0M, and assets of $4.7M (revenue +3.1% year-over-year).
- 2019: Revenue of $959K, expenses of $1.0M, and assets of $4.8M (revenue +4.5% year-over-year).
- 2018: Revenue of $917K, expenses of $973K, and assets of $5.1M (revenue +3.0% year-over-year).
- 2017: Revenue of $891K, expenses of $943K, and assets of $5.3M (revenue +2.7% year-over-year).
- 2016: Revenue of $868K, expenses of $958K, and assets of $5.4M (revenue -1.6% year-over-year).
- 2015: Revenue of $882K, expenses of $1.0M, and assets of $5.6M (revenue +8.2% year-over-year).
- 2014: Revenue of $815K, expenses of $974K, and assets of $5.8M (revenue +1.2% year-over-year).
- 2013: Revenue of $805K, expenses of $986K, and assets of $6.0M (revenue -1.6% year-over-year).
- 2012: Revenue of $818K, expenses of $930K, and assets of $6.3M (revenue -0.8% year-over-year).
- 2011: Revenue of $825K, expenses of $938K, and assets of $6.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for 704 Fhc Llc:
Data Sources and Methodology
This transparency report for 704 Fhc Llc 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.