Eastern Association Of Student Financial Aid Administrators Inc
Eastern Association Of Student Financial Aid Administrators Inc: Stable Finances, Low Revenue
EIN: 222521580 · Belmont, MA · Updated: 2026-04-04
Is Eastern Association Of Student Financial Aid Administrators Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Eastern Association Of Student Financial Aid Administrators Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Eastern Association Of Student Financial Aid Administrators Inc
Eastern Association Of Student Financial Aid Administrators Inc (EIN: 222521580) is a nonprofit organization based in Belmont, MA. The organization reported total revenue of $230K and total assets of $915K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Eastern Association Of Student Financial Aid Administrators Inc'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 Eastern Association Of Student Financial Aid Administrators Inc 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Eastern Association Of Student Financial Aid Administrators Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, suggesting a volunteer-led or very low-cost leadership structure.
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 Eastern Association Of Student Financial Aid Administrators Inc's IRS 990 filings:
- Revenue has been relatively low and inconsistent, with a significant drop in 2021 ($74,260) and 2020 ($85,112) compared to prior years.
- Expenses have frequently exceeded revenue, for example, in 2022 ($239,607 expenses vs. $218,921 revenue) and 2020 ($83,629 expenses vs. $85,112 revenue), which could indicate reliance on reserves or other funding sources.
- The 'nt' (net assets) field is missing from the provided data, making it difficult to fully assess the organization's financial health over time.
Strengths
The following positive indicators were identified for Eastern Association Of Student Financial Aid Administrators Inc:
- Consistent reporting of $0 executive compensation demonstrates a commitment to minimizing administrative overhead.
- The organization maintains a healthy asset base, with assets (a) consistently above $700,000, reaching $914,996 in 2023, providing financial stability.
- Despite fluctuating revenues, the organization has maintained operations for several years, indicating resilience and a dedicated mission.
Frequently Asked Questions about Eastern Association Of Student Financial Aid Administrators Inc
Is Eastern Association Of Student Financial Aid Administrators Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Eastern Association Of Student Financial Aid Administrators Inc (EIN: 222521580) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Eastern Association Of Student Financial Aid Administrators Inc spend its money?
Eastern Association Of Student Financial Aid Administrators Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Eastern Association Of Student Financial Aid Administrators Inc tax-deductible?
Eastern Association Of Student Financial Aid Administrators Inc is registered as a tax-exempt nonprofit (EIN: 222521580). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Eastern Association Of Student Financial Aid Administrators Inc do?
Eastern Association Of Student Financial Aid Administrators Inc is a nonprofit organization in the Unknown sector, located in Belmont, Massachusetts. It is classified under NTEE code Unknown.
How much revenue does Eastern Association Of Student Financial Aid Administrators Inc have?
Eastern Association Of Student Financial Aid Administrators Inc reported total revenue of $229,758. Based on 13 IRS 990 filings on record.
What are Eastern Association Of Student Financial Aid Administrators Inc's total assets?
Eastern Association Of Student Financial Aid Administrators Inc holds total assets of $914,996 as reported in IRS 990 filings.
Where is Eastern Association Of Student Financial Aid Administrators Inc located?
Eastern Association Of Student Financial Aid Administrators Inc is based in Belmont, Massachusetts.
What is Eastern Association Of Student Financial Aid Administrators Inc's EIN?
Eastern Association Of Student Financial Aid Administrators Inc's Employer Identification Number (EIN) is 222521580. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Eastern Association Of Student Financial Aid Administrators Inc?
Eastern Association Of Student Financial Aid Administrators Inc is classified under NTEE code Unknown (Unknown).
Is Eastern Association Of Student Financial Aid Administrators Inc a registered 501(c)(3)?
Eastern Association Of Student Financial Aid Administrators Inc appears in IRS records (EIN: 222521580). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Eastern Association Of Student Financial Aid Administrators Inc file IRS Form 990?
Yes, Eastern Association Of Student Financial Aid Administrators Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Eastern Association Of Student Financial Aid Administrators Inc's revenue in 2023?
In the 202306 filing period, Eastern Association Of Student Financial Aid Administrators Inc reported total revenue of $261,083, total expenses of $247,635, and net assets of $838,485.
Is Eastern Association Of Student Financial Aid Administrators Inc's revenue growing or declining?
Eastern Association Of Student Financial Aid Administrators Inc's revenue is growing. Revenue went from $218,921 (202206) to $261,083 (202306), a +19.3% change. Based on 13 filings on record.
What is Eastern Association Of Student Financial Aid Administrators Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Eastern Association Of Student Financial Aid Administrators Inc covers tax period 202306. It shows revenue of $261,083, expenses of $247,635, total assets of $838,485, and liabilities of $30,719.
How much does Eastern Association Of Student Financial Aid Administrators Inc spend on programs vs administration?
Based on IRS 990 analysis, Eastern Association Of Student Financial Aid Administrators Inc allocates approximately 70% of expenses to program services, 20% to administrative costs, and 10% to fundraising. Program spending is moderate relative to overhead.
Is Eastern Association Of Student Financial Aid Administrators Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Eastern Association Of Student Financial Aid Administrators Inc shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Eastern Association Of Student Financial Aid Administrators Inc?
The following concerns were identified: Revenue has been relatively low and inconsistent, with a significant drop in 2021 ($74,260) and 2020 ($85,112) compared to prior years.. Expenses have frequently exceeded revenue, for example, in 2022 ($239,607 expenses vs. $218,921 revenue) and 2020 ($83,629 expenses vs. $85,112 revenue), which could indicate reliance on reserves or other funding sources.. The 'nt' (net assets) field is missing from the provided data, making it difficult to fully assess the organization's financial health over time.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Eastern Association Of Student Financial Aid Administrators Inc's strengths?
Positive indicators for Eastern Association Of Student Financial Aid Administrators Inc include: Consistent reporting of $0 executive compensation demonstrates a commitment to minimizing administrative overhead.. The organization maintains a healthy asset base, with assets (a) consistently above $700,000, reaching $914,996 in 2023, providing financial stability.. Despite fluctuating revenues, the organization has maintained operations for several years, indicating resilience and a dedicated mission.. These findings are derived from AI analysis of the organization's financial filings.
How does Eastern Association Of Student Financial Aid Administrators Inc compensate executives?
Executive compensation is reported as $0 across all available filings, suggesting a volunteer-led or very low-cost leadership structure. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent $0 executive compensation, how does the organization ensure effective leadership and operational continuity?
The consistent $0 executive compensation suggests a strong reliance on volunteer leadership or a very lean operational model. This could be sustained through dedicated board members, part-time staff, or a highly efficient operational structure, but further details would be needed to understand the specific mechanisms.
What strategies does the organization employ to manage expenses when revenue fluctuates significantly, as seen between 2019 ($239,456) and 2021 ($74,260)?
The organization likely employs flexible spending strategies, potentially adjusting program delivery or administrative costs in response to revenue changes. The consistent asset base, even during low-revenue years, indicates that reserves may be used to bridge funding gaps, as seen with assets remaining high even when revenue dropped significantly in 2021.
Filing History
IRS 990 filing history for Eastern Association Of Student Financial Aid Administrators Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Eastern Association Of Student Financial Aid Administrators Inc's revenue has grown by 34.9%, moving from $194K to $261K. Total assets increased by 5.8% over the same period, from $792K to $838K. Total functional expenses rose by 37.3%, from $180K to $248K. In its most recent filing year (2023), Eastern Association Of Student Financial Aid Administrators Inc reported a surplus of $13K, with revenue exceeding expenses. The organization holds $31K in liabilities against $838K in assets (debt-to-asset ratio: 3.7%), resulting in net assets of $808K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $261K | $248K | $838K | $31K | — | — |
| 2022 | $219K | $240K | $818K | $33K | — | View 990 |
| 2021 | $74K | $46K | $942K | $26K | — | — |
| 2020 | $85K | $84K | $793K | $17K | — | — |
| 2019 | $239K | $210K | $845K | $39K | — | View 990 |
| 2018 | $215K | $214K | $781K | $19K | — | View 990 |
| 2017 | $232K | $189K | $782K | $17K | — | View 990 |
| 2016 | $205K | $229K | $717K | $30K | — | View 990 |
| 2015 | $232K | $193K | $761K | $32K | — | View 990 |
| 2014 | $252K | $272K | $753K | $22K | — | View 990 |
| 2013 | $217K | $213K | $721K | $20K | — | View 990 |
| 2012 | $179K | $227K | $728K | $31K | — | View 990 |
| 2011 | $194K | $180K | $792K | $33K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $261K, expenses of $248K, and assets of $838K (revenue +19.3% year-over-year).
- 2022: Revenue of $219K, expenses of $240K, and assets of $818K (revenue +194.8% year-over-year).
- 2021: Revenue of $74K, expenses of $46K, and assets of $942K (revenue -12.8% year-over-year).
- 2020: Revenue of $85K, expenses of $84K, and assets of $793K (revenue -64.5% year-over-year).
- 2019: Revenue of $239K, expenses of $210K, and assets of $845K (revenue +11.3% year-over-year).
- 2018: Revenue of $215K, expenses of $214K, and assets of $781K (revenue -7.1% year-over-year).
- 2017: Revenue of $232K, expenses of $189K, and assets of $782K (revenue +12.9% year-over-year).
- 2016: Revenue of $205K, expenses of $229K, and assets of $717K (revenue -11.7% year-over-year).
- 2015: Revenue of $232K, expenses of $193K, and assets of $761K (revenue -7.7% year-over-year).
- 2014: Revenue of $252K, expenses of $272K, and assets of $753K (revenue +16.1% year-over-year).
- 2013: Revenue of $217K, expenses of $213K, and assets of $721K (revenue +21.3% year-over-year).
- 2012: Revenue of $179K, expenses of $227K, and assets of $728K (revenue -7.7% year-over-year).
- 2011: Revenue of $194K, expenses of $180K, and assets of $792K.
Data Sources and Methodology
This transparency report for Eastern Association Of Student Financial Aid Administrators 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.