Faculty Student Association Broome Community College

Faculty Student Association Broome Community College experiences recent deficit spending despite substantial asset base and no reported officer compensation.

EIN: 150547199 · Binghamton, NY · Updated: 2026-03-28

$1.7MRevenue

$9.8MAssets

70/100Mission Score (Good)

About Faculty Student Association Broome Community College

Faculty Student Association Broome Community College (EIN: 150547199) is a nonprofit organization based in Binghamton, NY. The organization reported total revenue of $1.7M and total assets of $9.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Faculty Student Association Broome Community College's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Faculty Student Association Broome Community College exhibits fluctuating financial performance over the past decade. While the organization reported significant revenues in fiscal years 2019 and 2020 (e.g., $6,973,606 and $4,803,988 respectively), more recent filings show a decline, with 2023 revenue at $1,235,781 and expenses exceeding revenue at $2,060,498. This indicates a deficit spending trend in the most recent periods. The organization maintains substantial assets, reaching $10,958,473 in 2023, which provides a buffer against operational shortfalls. However, the consistent lack of reported officer compensation across all filings suggests either a volunteer-led executive structure or that compensation is reported under other expense categories, which could impact transparency regarding leadership costs.

Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, the recent trend of expenses significantly outpacing revenue (e.g., 2023 and 2022) suggests potential operational inefficiencies or a strategic draw on reserves. The organization's asset base has grown considerably from $1,157,729 in 2014 to over $10 million in recent years, indicating effective asset management or significant capital inflows during certain periods.

Transparency regarding executive compensation is high, as zero compensation is reported for officers in all available filings. However, the absence of NTEE code and detailed expense breakdowns limits a comprehensive assessment of program efficiency and overall financial health. The significant swings in revenue and expenses warrant closer examination to understand the underlying operational dynamics and financial strategy.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Faculty Student Association Broome Community College with a Mission Score of 70 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, Faculty Student Association Broome Community College 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 consistently reported as 0% across all available filings, suggesting either a volunteer leadership structure or that executive salaries are categorized differently, which enhances transparency regarding direct officer pay.

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 Faculty Student Association Broome Community College's IRS 990 filings:

Recent trend of expenses exceeding revenue (e.g., 2023 and 2022 filings)
Significant fluctuations in annual revenue and expenses without clear explanation in provided data
Lack of NTEE code, which limits understanding of the organization's specific programmatic focus.

Strengths

The following positive indicators were identified for Faculty Student Association Broome Community College:

Consistent reporting of 0% officer compensation, indicating strong transparency in this area.
Substantial and growing asset base, reaching $10,958,473 in 2023, providing financial stability.
Long filing history (13 filings), indicating consistent compliance with IRS reporting requirements.

Frequently Asked Questions about Faculty Student Association Broome Community College

Why has revenue significantly decreased in recent years compared to 2019 and 2020?

Revenue peaked at $6,973,606 in 2019 and $4,803,988 in 2020, but dropped to $1,235,781 in 2023. Understanding the cause of this decline is crucial for assessing financial stability.

What is the detailed breakdown of expenses, particularly program vs. administrative costs?

Without a detailed breakdown beyond total expenses, it's challenging to fully evaluate spending efficiency and the proportion of funds directly supporting the mission.

How is the organization funding its operations when expenses exceed revenue, as seen in 2023 and 2022?

In 2023, expenses were $2,060,498 against $1,235,781 in revenue, indicating a draw on reserves or other funding sources to cover the deficit.

Filing History

IRS 990 filing history for Faculty Student Association Broome Community College showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Faculty Student Association Broome Community College's revenue has grown by 10.2%, moving from $1.1M to $1.2M. Total assets increased by 778.1% over the same period, from $1.2M to $11.0M. Total functional expenses rose by 54.8%, from $1.3M to $2.1M. In its most recent filing year (2023), Faculty Student Association Broome Community College reported a deficit of $825K, with expenses exceeding revenue. The organization holds $1.2M in liabilities against $11.0M in assets (debt-to-asset ratio: 11.4%), resulting in net assets of $9.7M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$1.2M	$2.1M	$11.0M	$1.2M	—	—
2022	$919K	$2.3M	$11.5M	$927K	—	View 990
2021	$1.4M	$1.2M	$14.8M	$1.3M	—	—
2020	$4.8M	$900K	$14.7M	$1.4M	—	View 990
2019	$7.0M	$1.2M	$10.5M	$1.2M	—	View 990
2018	$3.7M	$900K	$4.6M	$1.0M	—	View 990
2017	$936K	$858K	$1.6M	$786K	—	View 990
2016	$942K	$790K	$1.4M	$701K	—	View 990
2015	$895K	$674K	$1.2M	$665K	—	View 990
2014	$827K	$626K	$1.2M	$840K	—	View 990
2013	$769K	$672K	$819K	$702K	—	View 990
2012	$1.1M	$1.3M	$1.2M	$1.2M	—	View 990
2011	$1.1M	$1.3M	$1.2M	$1.1M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $1.2M, expenses of $2.1M, and assets of $11.0M (revenue +34.5% year-over-year).
2022: Revenue of $919K, expenses of $2.3M, and assets of $11.5M (revenue -32.5% year-over-year).
2021: Revenue of $1.4M, expenses of $1.2M, and assets of $14.8M (revenue -71.7% year-over-year).
2020: Revenue of $4.8M, expenses of $900K, and assets of $14.7M (revenue -31.1% year-over-year).
2019: Revenue of $7.0M, expenses of $1.2M, and assets of $10.5M (revenue +86.8% year-over-year).
2018: Revenue of $3.7M, expenses of $900K, and assets of $4.6M (revenue +298.8% year-over-year).
2017: Revenue of $936K, expenses of $858K, and assets of $1.6M (revenue -0.6% year-over-year).
2016: Revenue of $942K, expenses of $790K, and assets of $1.4M (revenue +5.2% year-over-year).
2015: Revenue of $895K, expenses of $674K, and assets of $1.2M (revenue +8.3% year-over-year).
2014: Revenue of $827K, expenses of $626K, and assets of $1.2M (revenue +7.5% year-over-year).
2013: Revenue of $769K, expenses of $672K, and assets of $819K (revenue -28.1% year-over-year).
2012: Revenue of $1.1M, expenses of $1.3M, and assets of $1.2M (revenue -4.6% year-over-year).
2011: Revenue of $1.1M, expenses of $1.3M, and assets of $1.2M.

Data Sources and Methodology

This transparency report for Faculty Student Association Broome Community College 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.