Farragut Business Alliance Inc
Farragut Business Alliance Inc. maintains stable, modest finances with no officer compensation and minimal liabilities.
EIN: 10963106 · Farragut, TN · NTEE: S41 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $94K |
| Total Expenses | $109K |
| Program Spending | 80% |
| Net Assets | $38K |
| Transparency Score | 85/100 |
Is Farragut Business Alliance Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Farragut Business Alliance Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Farragut Business Alliance Inc
Farragut Business Alliance Inc (EIN: 10963106) is a nonprofit organization based in Farragut, TN, classified under NTEE code S41. The organization reported total revenue of $94K and total assets of $19K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Farragut Business Alliance Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Farragut Business Alliance Inc is a micro nonprofit that has been operating for 15 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 3.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $132K |
| Total Expenses | $109K |
| Surplus / Deficit | +$23K |
| Total Assets | $38K |
| Net Assets | $38K |
| Operating Margin | 17.7% |
| Months of Reserves | 4.2 months |
Financial Health Grade: A
In 2023, Farragut Business Alliance Inc reported a surplus of $23K with revenue exceeding expenses, holds 4.2 months of operating reserves (adequate).
Financial Trends
Over 12 years of filings (2012–2023), Farragut Business Alliance Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +14.4% | -8.2% | +158.9% |
| 2022 | -1.2% | -5.9% | -16.3% |
| 2021 | +16.6% | +20.0% | -33.9% |
| 2020 | -20.1% | -13.0% | -15.0% |
| 2019 | +5.4% | +29.2% | -5.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 2011 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Farragut Business Alliance Inc 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, Farragut Business Alliance Inc 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $23K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that officers are either unpaid volunteers or compensated through other means not classified as officer compensation, which is a strong positive for a small organization of this size.
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 Farragut Business Alliance Inc's IRS 990 filings:
- Lack of detailed expense breakdown in public filings makes full spending efficiency analysis difficult.
Strengths
The following positive indicators were identified for Farragut Business Alliance Inc:
- Consistent 0% officer compensation, indicating efficient use of funds.
- Minimal to no liabilities reported across all filings, demonstrating strong financial health.
- Stable revenue streams, generally between $90,000 and $130,000, indicating consistent support.
- Positive net assets growth over the past decade, from $1 in 2015 to $38,089 in 2023.
Frequently Asked Questions about Farragut Business Alliance Inc
Is Farragut Business Alliance Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Farragut Business Alliance Inc (EIN: 10963106) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Farragut Business Alliance Inc spend its money?
Farragut Business Alliance Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Farragut Business Alliance Inc tax-deductible?
Farragut Business Alliance Inc is registered as a tax-exempt nonprofit (EIN: 10963106). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Farragut Business Alliance Inc's spending goes to programs?
Farragut Business Alliance Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Farragut Business Alliance Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Farragut Business Alliance Inc is above average for NTEE category S41 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Farragut Business Alliance Inc located?
Farragut Business Alliance Inc is headquartered in Farragut, Tennessee and files with the IRS under EIN 10963106. It is classified under NTEE code S41.
How many years of IRS 990 filings does Farragut Business Alliance Inc have?
Farragut Business Alliance Inc has 12 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 $94K in total revenue.
Is Farragut Business Alliance Inc. financially stable?
Yes, the organization appears financially stable, consistently operating with revenues covering expenses in most years and maintaining minimal to no liabilities. For example, in 2023, revenue was $132,121 against expenses of $108,744, resulting in a surplus.
How does Farragut Business Alliance Inc. manage its debt?
The organization demonstrates excellent debt management, reporting $0 in liabilities for almost all periods, with only one instance of $2,447 in liabilities in 2015, which was quickly resolved.
What is the trend in the organization's assets?
Assets have shown growth over time, from $1 in 2015 to $38,089 in 2023, indicating a gradual accumulation of resources, though they remain modest given the organization's scale.
Filing History
IRS 990 filing history for Farragut Business Alliance Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Farragut Business Alliance Inc's revenue has grown by 46.1%, moving from $90K to $132K. Total assets increased by 97% over the same period, from $19K to $38K. Total functional expenses rose by 25.2%, from $87K to $109K. In its most recent filing year (2023), Farragut Business Alliance Inc reported a surplus of $23K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $132K | $109K | $38K | $0 | — | — |
| 2022 | $116K | $118K | $15K | $0 | — | — |
| 2021 | $117K | $126K | $18K | $0 | — | — |
| 2020 | $100K | $105K | $27K | $0 | — | — |
| 2019 | $125K | $121K | $31K | $0 | — | View 990 |
| 2018 | $119K | $93K | $33K | $0 | — | View 990 |
| 2017 | $104K | $105K | $7K | $0 | — | View 990 |
| 2016 | $57K | $46K | $8K | $0 | — | View 990 |
| 2015 | $85K | $100K | $1 | $2K | — | View 990 |
| 2014 | $93K | $110K | $12K | $0 | — | View 990 |
| 2013 | $85K | $75K | $29K | $0 | — | View 990 |
| 2012 | $90K | $87K | $19K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $132K, expenses of $109K, and assets of $38K (revenue +14.4% year-over-year).
- 2022: Revenue of $116K, expenses of $118K, and assets of $15K (revenue -1.2% year-over-year).
- 2021: Revenue of $117K, expenses of $126K, and assets of $18K (revenue +16.6% year-over-year).
- 2020: Revenue of $100K, expenses of $105K, and assets of $27K (revenue -20.1% year-over-year).
- 2019: Revenue of $125K, expenses of $121K, and assets of $31K (revenue +5.4% year-over-year).
- 2018: Revenue of $119K, expenses of $93K, and assets of $33K (revenue +14.1% year-over-year).
- 2017: Revenue of $104K, expenses of $105K, and assets of $7K (revenue +84.4% year-over-year).
- 2016: Revenue of $57K, expenses of $46K, and assets of $8K (revenue -33.3% year-over-year).
- 2015: Revenue of $85K, expenses of $100K, and assets of $1 (revenue -8.7% year-over-year).
- 2014: Revenue of $93K, expenses of $110K, and assets of $12K (revenue +9.6% year-over-year).
- 2013: Revenue of $85K, expenses of $75K, and assets of $29K (revenue -6.3% year-over-year).
- 2012: Revenue of $90K, expenses of $87K, and assets of $19K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Farragut Business Alliance Inc:
Data Sources and Methodology
This transparency report for Farragut Business Alliance 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.