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
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 →
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.
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.
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?
Based on AI analysis of IRS 990 filings, 704 Fhc Llc (EIN: 201272402) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does 704 Fhc Llc spend its money?
704 Fhc Llc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
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 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.
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.