Association Of Forensic Quality Assurance Managers
Association Of Forensic Quality Assurance Managers reports fluctuating revenues and expenses, with no officer compensation.
EIN: 10550223 · Virginia Bch, VA · NTEE: S41 · Updated: 2026-03-28
Is Association Of Forensic Quality Assurance Managers Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Association Of Forensic Quality Assurance Managers directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Association Of Forensic Quality Assurance Managers
Association Of Forensic Quality Assurance Managers (EIN: 10550223) is a nonprofit organization based in Virginia Bch, VA, classified under NTEE code S41. The organization reported total revenue of $200K and total assets of $131K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Association Of Forensic Quality Assurance Managers'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 Association Of Forensic Quality Assurance Managers 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Association Of Forensic Quality Assurance Managers 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
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through non-salary means, which is highly favorable for directing funds to mission-related activities.
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 Association Of Forensic Quality Assurance Managers's IRS 990 filings:
- Significant net loss in 2023 ($165,029 revenue vs. $220,055 expenses)
- Fluctuating revenue streams, making long-term financial planning potentially challenging
Strengths
The following positive indicators were identified for Association Of Forensic Quality Assurance Managers:
- Consistent 0% officer compensation, indicating high efficiency in leadership costs
- Zero reported liabilities across all filing periods, demonstrating strong financial health and no debt
- Consistent IRS 990 filing history, indicating strong transparency and compliance
- Maintains a healthy asset base relative to its revenue, ranging from $84,814 to $139,840
Frequently Asked Questions about Association Of Forensic Quality Assurance Managers
Is Association Of Forensic Quality Assurance Managers a legitimate charity?
Based on AI analysis of IRS 990 filings, Association Of Forensic Quality Assurance Managers (EIN: 10550223) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Association Of Forensic Quality Assurance Managers spend its money?
Association Of Forensic Quality Assurance Managers directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Association Of Forensic Quality Assurance Managers tax-deductible?
Association Of Forensic Quality Assurance Managers is registered as a tax-exempt nonprofit (EIN: 10550223). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Association Of Forensic Quality Assurance Managers a good charity?
Based on the available data, the Association Of Forensic Quality Assurance Managers appears to be a well-managed organization with strong financial transparency, particularly regarding executive compensation. Its consistent reporting of $0 liabilities and 0% officer compensation are positive indicators. However, the recent deficit in 2023 where expenses ($220,055) significantly exceeded revenue ($165,029) warrants further investigation into the nature of those expenses.
What caused the significant increase in expenses in 2023?
In 2023, the organization's expenses jumped to $220,055 from $81,755 in 2022. Without a detailed functional expense breakdown, the specific causes for this increase are unclear. It could be due to a major program initiative, a one-time investment, or increased operational costs.
How does the organization manage its assets given fluctuating revenues?
The organization's assets have fluctuated between $84,814 and $139,840 over the past nine years, while consistently maintaining $0 in liabilities. This suggests a conservative approach to financial management, avoiding debt and maintaining a reasonable level of reserves despite variations in annual revenue.
Filing History
IRS 990 filing history for Association Of Forensic Quality Assurance Managers showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2015–2023), Association Of Forensic Quality Assurance Managers's revenue has grown by 169.3%, moving from $61K to $165K. Total assets decreased by 13.4% over the same period, from $98K to $85K. Total functional expenses rose by 254.4%, from $62K to $220K. In its most recent filing year (2023), Association Of Forensic Quality Assurance Managers reported a deficit of $55K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $165K | $220K | $85K | $0 | — | View 990 |
| 2022 | $116K | $82K | $140K | $0 | — | View 990 |
| 2021 | $78K | $79K | $106K | $0 | — | — |
| 2020 | $22K | $15K | $107K | $0 | — | — |
| 2019 | $77K | $81K | $101K | $0 | — | View 990 |
| 2018 | $63K | $69K | $104K | $0 | — | View 990 |
| 2017 | $68K | $63K | $109K | $0 | — | View 990 |
| 2016 | $68K | $62K | $104K | $0 | — | View 990 |
| 2015 | $61K | $62K | $98K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $165K, expenses of $220K, and assets of $85K (revenue +42.8% year-over-year).
- 2022: Revenue of $116K, expenses of $82K, and assets of $140K (revenue +49.0% year-over-year).
- 2021: Revenue of $78K, expenses of $79K, and assets of $106K (revenue +260.2% year-over-year).
- 2020: Revenue of $22K, expenses of $15K, and assets of $107K (revenue -72.2% year-over-year).
- 2019: Revenue of $77K, expenses of $81K, and assets of $101K (revenue +22.3% year-over-year).
- 2018: Revenue of $63K, expenses of $69K, and assets of $104K (revenue -6.6% year-over-year).
- 2017: Revenue of $68K, expenses of $63K, and assets of $109K (revenue -0.8% year-over-year).
- 2016: Revenue of $68K, expenses of $62K, and assets of $104K (revenue +11.5% year-over-year).
- 2015: Revenue of $61K, expenses of $62K, and assets of $98K.
Data Sources and Methodology
This transparency report for Association Of Forensic Quality Assurance Managers 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.