Aromanian Cultural Society Farsharotu Inc
Aromanian Cultural Society Farsharotu Inc: Declining Revenue, High Administrative Costs
EIN: 222894785 · Trumbull, CT · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $73K |
| Total Expenses | $52K |
| CEO/Top Officer Pay | $0 |
| Net Assets | $277K |
| Transparency Score | 45/100 |
Is Aromanian Cultural Society Farsharotu Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Aromanian Cultural Society Farsharotu Inc
Aromanian Cultural Society Farsharotu Inc (EIN: 222894785) is a nonprofit organization based in Trumbull, CT. The organization reported total revenue of $73K and total assets of $276K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Aromanian Cultural Society Farsharotu Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Aromanian Cultural Society Farsharotu Inc is a micro nonprofit that has been operating for 61 years, with 13 years of IRS 990 filings on record (2011–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $13K |
| Total Expenses | $52K |
| Surplus / Deficit | $-38,600 |
| Total Assets | $297K |
| Total Liabilities | $20K |
| Net Assets | $277K |
| Operating Margin | -289.2% |
| Debt-to-Asset Ratio | 6.9% |
| Months of Reserves | 68.6 months |
Financial Health Grade: B
In 2023, Aromanian Cultural Society Farsharotu Inc reported a deficit of $39K with expenses exceeding revenue, holds 68.6 months of operating reserves (strong position), has a debt-to-asset ratio of 6.9% (very low leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.3% | +86.0% | +2.5% |
| 2022 | -60.4% | -8.2% | -5.0% |
| 2021 | +219.1% | +3.0% | +0.4% |
| 2020 | +2.8% | +85.5% | -6.1% |
| 2019 | +0.6% | +8.0% | -1.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1965 |
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 Aromanian Cultural Society Farsharotu Inc with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Aromanian Cultural Society Farsharotu Inc allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $39K, with expenses exceeding revenue.
- Debt-to-asset ratio: 6.9%.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, which is unusual for an organization with consistent expenses.
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 Aromanian Cultural Society Farsharotu Inc's IRS 990 filings:
- Zero program expenses reported despite significant total expenses ($51,949 in 2023).
- Consistent decline in revenue from $39,779 in 2016 to $13,349 in 2023.
- 100% of reported expenses are categorized as administrative, raising questions about charitable activities.
- Increase in liabilities to $20,440 in 2023 after years of reporting $0 liabilities.
Strengths
The following positive indicators were identified for Aromanian Cultural Society Farsharotu Inc:
- Long-standing organization with consistent asset base over the years.
Frequently Asked Questions about Aromanian Cultural Society Farsharotu Inc
Is Aromanian Cultural Society Farsharotu Inc a legitimate charity?
Aromanian Cultural Society Farsharotu Inc (EIN: 222894785) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 45/100. It has 13 years of IRS 990 filings on record. Total revenue: $73K. 4 red flags identified. 1 strength noted. Financial health grade: B.
How does Aromanian Cultural Society Farsharotu Inc spend its money?
Aromanian Cultural Society Farsharotu Inc reported $73K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Aromanian Cultural Society Farsharotu Inc tax-deductible?
Aromanian Cultural Society Farsharotu Inc is registered as a tax-exempt nonprofit (EIN: 222894785). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Aromanian Cultural Society Farsharotu Inc CEO make?
Aromanian Cultural Society Farsharotu Inc's highest-compensated officer earns $0 annually. The organization reported $73K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is Aromanian Cultural Society Farsharotu Inc located?
Aromanian Cultural Society Farsharotu Inc is headquartered in Trumbull, Connecticut and files with the IRS under EIN 222894785.
How many years of IRS 990 filings does Aromanian Cultural Society Farsharotu Inc have?
Aromanian Cultural Society Farsharotu 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 $73K in total revenue.
What does Aromanian Cultural Society Farsharotu Inc do?
Aromanian Cultural Society Farsharotu Inc is a nonprofit organization in the Unknown sector, located in Trumbull, Connecticut. It is classified under NTEE code Unknown.
How much revenue does Aromanian Cultural Society Farsharotu Inc have?
Aromanian Cultural Society Farsharotu Inc reported total revenue of $72,505. Based on 13 IRS 990 filings on record.
What are Aromanian Cultural Society Farsharotu Inc's total assets?
Aromanian Cultural Society Farsharotu Inc holds total assets of $276,425 as reported in IRS 990 filings.
Where is Aromanian Cultural Society Farsharotu Inc located?
Aromanian Cultural Society Farsharotu Inc is based in Trumbull, Connecticut.
What is Aromanian Cultural Society Farsharotu Inc's EIN?
Aromanian Cultural Society Farsharotu Inc's Employer Identification Number (EIN) is 222894785. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Aromanian Cultural Society Farsharotu Inc?
Aromanian Cultural Society Farsharotu Inc is classified under NTEE code Unknown (Unknown).
Is Aromanian Cultural Society Farsharotu Inc a registered 501(c)(3)?
Aromanian Cultural Society Farsharotu Inc appears in IRS records (EIN: 222894785). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Aromanian Cultural Society Farsharotu Inc file IRS Form 990?
Yes, Aromanian Cultural Society Farsharotu Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Aromanian Cultural Society Farsharotu Inc's revenue in 2023?
In the 202312 filing period, Aromanian Cultural Society Farsharotu Inc reported total revenue of $13,349, total expenses of $51,949, and net assets of $297,080.
Is Aromanian Cultural Society Farsharotu Inc's revenue growing or declining?
Aromanian Cultural Society Farsharotu Inc's revenue is growing. Revenue went from $12,552 (202212) to $13,349 (202312), a +6.3% change. Based on 13 filings on record.
What is Aromanian Cultural Society Farsharotu Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Aromanian Cultural Society Farsharotu Inc covers tax period 202312. It shows revenue of $13,349, expenses of $51,949, total assets of $297,080, and liabilities of $20,440.
Is Aromanian Cultural Society Farsharotu Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Aromanian Cultural Society Farsharotu Inc shows mixed signals. Mission Score: 45/100 (Fair). 4 red flags identified. 1 strength noted.
What are the red flags for Aromanian Cultural Society Farsharotu Inc?
The following concerns were identified: Zero program expenses reported despite significant total expenses ($51,949 in 2023).. Consistent decline in revenue from $39,779 in 2016 to $13,349 in 2023.. 100% of reported expenses are categorized as administrative, raising questions about charitable activities.. Increase in liabilities to $20,440 in 2023 after years of reporting $0 liabilities.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Aromanian Cultural Society Farsharotu Inc's strengths?
Positive indicators for Aromanian Cultural Society Farsharotu Inc include: Long-standing organization with consistent asset base over the years.. These findings are derived from AI analysis of the organization's financial filings.
How does Aromanian Cultural Society Farsharotu Inc compensate executives?
Executive compensation is reported as $0 across all available filings, which is unusual for an organization with consistent expenses. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of $0 program expenses and 100% administrative expenses, what are the actual activities and impact of the Aromanian Cultural Society Farsharotu Inc?
The filings suggest the organization primarily incurs administrative costs without directly funding or operating programs. Further investigation into their mission and activities beyond financial statements is needed to understand their impact.
How does the organization sustain its operations with declining revenue and no reported program expenses?
The organization appears to be drawing down its assets to cover administrative expenses, as evidenced by the decline in total assets from $339,978 in 2016 to $297,080 in 2023, while revenue has also decreased significantly.
Filing History
IRS 990 filing history for Aromanian Cultural Society Farsharotu Inc showing financial trends over 13 years of public records:
Total assets decreased by 9.2% over the same period, from $327K to $297K. Total functional expenses rose by 340.8%, from $12K to $52K. In its most recent filing year (2023), Aromanian Cultural Society Farsharotu Inc reported a deficit of $39K, with expenses exceeding revenue. The organization holds $20K in liabilities against $297K in assets (debt-to-asset ratio: 6.9%), resulting in net assets of $277K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $13K | $52K | $297K | $20K | — | — |
| 2022 | $13K | $28K | $290K | $0 | — | — |
| 2021 | $32K | $30K | $305K | $0 | — | — |
| 2020 | $10K | $30K | $304K | $0 | — | — |
| 2019 | $10K | $16K | $324K | $0 | — | — |
| 2018 | $10K | $15K | $330K | $0 | — | View 990 |
| 2017 | $7K | $12K | $335K | $0 | — | View 990 |
| 2016 | $40K | $14K | $340K | $0 | — | View 990 |
| 2015 | $7K | $8K | $315K | $0 | — | View 990 |
| 2014 | $-277 | $4K | $316K | $0 | — | View 990 |
| 2013 | $225 | $5K | $320K | $0 | — | View 990 |
| 2012 | $2K | $4K | $325K | $0 | — | View 990 |
| 2011 | $-30,185 | $12K | $327K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $13K, expenses of $52K, and assets of $297K (revenue +6.3% year-over-year).
- 2022: Revenue of $13K, expenses of $28K, and assets of $290K (revenue -60.4% year-over-year).
- 2021: Revenue of $32K, expenses of $30K, and assets of $305K (revenue +219.1% year-over-year).
- 2020: Revenue of $10K, expenses of $30K, and assets of $304K (revenue +2.8% year-over-year).
- 2019: Revenue of $10K, expenses of $16K, and assets of $324K (revenue +0.6% year-over-year).
- 2018: Revenue of $10K, expenses of $15K, and assets of $330K (revenue +39.5% year-over-year).
- 2017: Revenue of $7K, expenses of $12K, and assets of $335K (revenue -82.7% year-over-year).
- 2016: Revenue of $40K, expenses of $14K, and assets of $340K (revenue +468.7% year-over-year).
- 2015: Revenue of $7K, expenses of $8K, and assets of $315K.
- 2014: Revenue of $-277, expenses of $4K, and assets of $316K (revenue -223.1% year-over-year).
- 2013: Revenue of $225, expenses of $5K, and assets of $320K (revenue -90.0% year-over-year).
- 2012: Revenue of $2K, expenses of $4K, and assets of $325K.
- 2011: Revenue of $-30,185, expenses of $12K, and assets of $327K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Aromanian Cultural Society Farsharotu Inc:
Data Sources and Methodology
This transparency report for Aromanian Cultural Society Farsharotu 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.