Family Management Financial Solutions Inc
EIN: 421390688 · Waterloo, IA · NTEE: P51
| Metric | Value |
|---|---|
| Total Revenue | $361K |
| Total Expenses | $499K |
| Net Assets | $282K |
Is Family Management Financial Solutions Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Family Management Financial Solutions Inc
Family Management Financial Solutions Inc (EIN: 421390688) is a nonprofit organization based in Waterloo, IA, classified under NTEE code P51. The organization reported total revenue of $361K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Family Management Financial Solutions Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Family Management Financial Solutions Inc is a small nonprofit that has been operating for 2 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $533K |
| Total Expenses | $499K |
| Surplus / Deficit | +$34K |
| Total Assets | $1.4M |
| Total Liabilities | $1.1M |
| Net Assets | $282K |
| Operating Margin | 6.5% |
| Debt-to-Asset Ratio | 79.8% |
| Months of Reserves | 33.6 months |
Financial Health Grade: A
In 2023, Family Management Financial Solutions Inc reported a surplus of $34K with revenue exceeding expenses, holds 33.6 months of operating reserves (strong position), has a debt-to-asset ratio of 79.8% (high leverage).
Financial Trends
Over 10 years of filings (2011–2023), Family Management Financial Solutions Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +120.2% | +81.2% | +57.8% |
| 2019 | +5.1% | -7.6% | -9.0% |
| 2018 | -23.2% | -9.9% | -3.3% |
| 2017 | -12.1% | -0.8% | -3.8% |
| 2016 | -17.8% | -10.3% | +0.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1278 |
| IRS Ruling Date | 2024 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Family Management Financial Solutions Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Family Management Financial Solutions Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $34K, with revenue exceeding expenses.
- Debt-to-asset ratio: 79.8%.
Frequently Asked Questions about Family Management Financial Solutions Inc
Is Family Management Financial Solutions Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Family Management Financial Solutions Inc (EIN: 421390688) insufficient data. 0 red flags identified, 0 strengths noted.
How does Family Management Financial Solutions Inc spend its money?
Detailed spending breakdown data is not yet available for Family Management Financial Solutions Inc. Check back for updated IRS 990 analysis.
Are donations to Family Management Financial Solutions Inc tax-deductible?
Family Management Financial Solutions Inc is registered as a tax-exempt nonprofit (EIN: 421390688). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Family Management Financial Solutions Inc located?
Family Management Financial Solutions Inc is headquartered in Waterloo, Iowa and files with the IRS under EIN 421390688. It is classified under NTEE code P51.
How many years of IRS 990 filings does Family Management Financial Solutions Inc have?
Family Management Financial Solutions Inc has 10 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 $361K in total revenue.
Filing History
IRS 990 filing history for Family Management Financial Solutions Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Family Management Financial Solutions Inc's revenue has grown by 35.6%, moving from $393K to $533K. Total assets increased by 115.3% over the same period, from $649K to $1.4M. Total functional expenses fell by 2.5%, from $512K to $499K. In its most recent filing year (2023), Family Management Financial Solutions Inc reported a surplus of $34K, with revenue exceeding expenses. The organization holds $1.1M in liabilities against $1.4M in assets (debt-to-asset ratio: 79.8%), resulting in net assets of $282K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $533K | $499K | $1.4M | $1.1M | — | — |
| 2019 | $242K | $275K | $885K | $743K | — | View 990 |
| 2018 | $230K | $298K | $973K | $797K | — | View 990 |
| 2017 | $300K | $331K | $1.0M | $763K | — | View 990 |
| 2016 | $341K | $334K | $1.0M | $772K | — | View 990 |
| 2015 | $415K | $372K | $1.0M | $772K | — | View 990 |
| 2014 | $410K | $392K | $723K | $500K | — | View 990 |
| 2013 | $474K | $463K | $622K | $417K | — | View 990 |
| 2012 | $488K | $468K | $688K | $493K | — | View 990 |
| 2011 | $393K | $512K | $649K | $474K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $533K, expenses of $499K, and assets of $1.4M (revenue +120.2% year-over-year).
- 2019: Revenue of $242K, expenses of $275K, and assets of $885K (revenue +5.1% year-over-year).
- 2018: Revenue of $230K, expenses of $298K, and assets of $973K (revenue -23.2% year-over-year).
- 2017: Revenue of $300K, expenses of $331K, and assets of $1.0M (revenue -12.1% year-over-year).
- 2016: Revenue of $341K, expenses of $334K, and assets of $1.0M (revenue -17.8% year-over-year).
- 2015: Revenue of $415K, expenses of $372K, and assets of $1.0M (revenue +1.2% year-over-year).
- 2014: Revenue of $410K, expenses of $392K, and assets of $723K (revenue -13.4% year-over-year).
- 2013: Revenue of $474K, expenses of $463K, and assets of $622K (revenue -3.0% year-over-year).
- 2012: Revenue of $488K, expenses of $468K, and assets of $688K (revenue +24.1% year-over-year).
- 2011: Revenue of $393K, expenses of $512K, and assets of $649K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Family Management Financial Solutions Inc:
Data Sources and Methodology
This transparency report for Family Management Financial Solutions 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.