Family Resource Center
Family Resource Center reports a $206,130 deficit in 2023 after several years of surpluses, with no officer compensation.
EIN: 205089275 · Sterling, CO · NTEE: P40 · Updated: 2026-03-28
About Family Resource Center
Family Resource Center (EIN: 205089275) is a nonprofit organization based in Sterling, CO, classified under NTEE code P40. The organization reported total revenue of $689K and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Family Resource Center'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 Family Resource Center 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Family Resource Center allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation, which is highly unusual for an organization of this size with over $1 million in assets and nearly $700,000 in annual revenue. This suggests either a fully volunteer-led executive team or that compensation is reported under other categories, warranting further investigation for complete transparency.
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 Family Resource Center's IRS 990 filings:
- Significant deficit in 2023 ($206,130), with expenses exceeding revenue by 38%.
- Consistent 0% officer compensation, which is highly unusual for an organization of this size and could indicate a lack of transparency in reporting or an unsustainable leadership model.
Strengths
The following positive indicators were identified for Family Resource Center:
- Consistent asset growth over the past decade, reaching $1,041,041 in 2023.
- Strong financial surpluses in prior years (e.g., $146,485 in 2022, $222,935 in 2021).
- No reported officer compensation, suggesting a high dedication of funds to programs and low administrative overhead at the executive level.
Frequently Asked Questions about Family Resource Center
Is Family Resource Center a good charity?
Based on the available data, Family Resource Center appears to be a good charity, particularly due to its consistent reporting of 0% officer compensation, suggesting a strong commitment to directing funds towards its mission. While the 2023 deficit is a concern, it follows several years of surpluses, and overall asset growth is positive.
What caused the significant deficit in 2023?
The IRS 990 data alone does not specify the exact cause of the $206,130 deficit in 2023 (Expenses $739,545 vs. Revenue $533,415). It could be due to increased program spending, one-time capital expenditures, or a temporary dip in funding. Further details would require reviewing the full 990 form or contacting the organization directly.
How does Family Resource Center manage without paid officers?
The consistent reporting of 0% officer compensation across all filings is highly unusual for an organization of this scale. It suggests that executive leadership may be entirely volunteer-based, or that compensation for key management personnel is categorized differently within the 990, such as under 'other salaries and wages' for non-officer roles. This practice, while potentially indicating high efficiency, also raises questions about the sustainability and structure of its leadership.
Filing History
IRS 990 filing history for Family Resource Center showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Family Resource Center's revenue has grown by 132.6%, moving from $229K to $533K. Total assets increased by 170.1% over the same period, from $385K to $1.0M. Total functional expenses rose by 256.5%, from $207K to $740K. In its most recent filing year (2023), Family Resource Center reported a deficit of $206K, with expenses exceeding revenue. The organization holds $108K in liabilities against $1.0M in assets (debt-to-asset ratio: 10.3%), resulting in net assets of $933K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $533K | $740K | $1.0M | $108K | — | — |
| 2022 | $751K | $605K | $1.1M | $43K | — | — |
| 2021 | $796K | $573K | $1.0M | $23K | — | View 990 |
| 2020 | $706K | $488K | $791K | $30K | — | View 990 |
| 2019 | $452K | $413K | $564K | $24K | — | View 990 |
| 2018 | $528K | $424K | $531K | $27K | — | View 990 |
| 2017 | $319K | $263K | $416K | $10K | — | — |
| 2016 | $469K | $375K | $359K | $9K | — | View 990 |
| 2015 | $333K | $425K | $262K | $9K | — | View 990 |
| 2014 | $176K | $250K | $361K | $5K | — | View 990 |
| 2013 | $252K | $209K | $444K | $17K | — | View 990 |
| 2012 | $277K | $306K | $375K | $7K | — | View 990 |
| 2011 | $229K | $207K | $385K | $4K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $533K, expenses of $740K, and assets of $1.0M (revenue -29.0% year-over-year).
- 2022: Revenue of $751K, expenses of $605K, and assets of $1.1M (revenue -5.6% year-over-year).
- 2021: Revenue of $796K, expenses of $573K, and assets of $1.0M (revenue +12.7% year-over-year).
- 2020: Revenue of $706K, expenses of $488K, and assets of $791K (revenue +56.2% year-over-year).
- 2019: Revenue of $452K, expenses of $413K, and assets of $564K (revenue -14.4% year-over-year).
- 2018: Revenue of $528K, expenses of $424K, and assets of $531K (revenue +65.8% year-over-year).
- 2017: Revenue of $319K, expenses of $263K, and assets of $416K (revenue -32.0% year-over-year).
- 2016: Revenue of $469K, expenses of $375K, and assets of $359K (revenue +40.9% year-over-year).
- 2015: Revenue of $333K, expenses of $425K, and assets of $262K (revenue +89.2% year-over-year).
- 2014: Revenue of $176K, expenses of $250K, and assets of $361K (revenue -30.2% year-over-year).
- 2013: Revenue of $252K, expenses of $209K, and assets of $444K (revenue -8.9% year-over-year).
- 2012: Revenue of $277K, expenses of $306K, and assets of $375K (revenue +20.7% year-over-year).
- 2011: Revenue of $229K, expenses of $207K, and assets of $385K.
Data Sources and Methodology
This transparency report for Family Resource Center 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.