Fast Friends

Fast Friends consistently operates with annual surpluses but maintains a negative net asset position.

EIN: 20460134 · Swanzey, NH · Updated: 2026-03-28

$3.3MRevenue

$1.6MAssets

65/100Mission Score (Good)

About Fast Friends

Fast Friends (EIN: 20460134) is a nonprofit organization based in Swanzey, NH. The organization reported total revenue of $3.3M and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fast Friends's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Fast Friends demonstrates consistent financial activity over the past decade, with revenues generally keeping pace with expenses. In the latest filing (202312), the organization reported revenues of $1,499,293 against expenses of $1,360,145, indicating a surplus for the year. However, a notable concern is the persistent negative net asset position, with liabilities consistently exceeding assets. For instance, in 202312, assets were $1,467,053 while liabilities stood at $1,935,515, suggesting long-term financial obligations or debt that outweigh its current holdings. This trend has been consistent across all reported periods, indicating a structural financial challenge.

The organization's spending efficiency cannot be fully assessed without a detailed breakdown of program, administrative, and fundraising expenses, which is not provided in the summary data. However, the consistent reporting of 0% officer compensation across all filings suggests a commitment to minimizing executive overhead, which is a positive indicator for donor confidence. The lack of specific NTEE code information limits a direct comparison to peer organizations, but the consistent filing history and the absence of reported officer compensation contribute positively to its transparency profile.

Overall, Fast Friends appears to manage its annual operations effectively, often generating a modest surplus. The primary financial challenge lies in its long-term balance sheet, characterized by liabilities exceeding assets. While annual operational efficiency seems reasonable, the underlying financial structure warrants closer examination for long-term sustainability.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Fast Friends 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, Fast Friends 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, indicating that no officers received compensation, which is highly unusual for an organization with over $1 million in annual revenue and suggests a volunteer-led or very lean 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 Fast Friends's IRS 990 filings:

Consistent negative net asset position (liabilities exceed assets in all reported periods)
Lack of detailed expense breakdown (program, admin, fundraising) in provided data
Unusually high liabilities relative to assets

Strengths

The following positive indicators were identified for Fast Friends:

Consistent annual operating surpluses (e.g., $139,148 surplus in 202312)
Zero reported officer compensation across all filings, indicating low overhead for leadership
Long history of IRS 990 filings (14 filings), suggesting transparency and compliance
Stable revenue generation over the past decade, generally above $1 million annually

Frequently Asked Questions about Fast Friends

How does Fast Friends manage its consistent negative net asset position?

The filings consistently show liabilities exceeding assets (e.g., $1,935,515 liabilities vs. $1,467,053 assets in 202312). Understanding the nature of these liabilities (e.g., mortgages, program-related debt) is crucial for assessing long-term financial health.

What is the breakdown of program, administrative, and fundraising expenses?

Without this detailed breakdown, it's difficult to fully assess the organization's spending efficiency and how much of each dollar directly supports its mission.

How does Fast Friends sustain operations with 0% officer compensation?

The consistent reporting of 0% officer compensation suggests a unique operational model, possibly relying heavily on volunteers or having key leadership compensated through other means not reported as officer compensation.

Filing History

IRS 990 filing history for Fast Friends showing financial trends over 14 years of public records:

Over 14 years of IRS 990 filings (2010–2023), Fast Friends's revenue has grown by 142.5%, moving from $618K to $1.5M. Total assets decreased by 14.2% over the same period, from $1.7M to $1.5M. Total functional expenses rose by 127.3%, from $599K to $1.4M. In its most recent filing year (2023), Fast Friends reported a surplus of $139K, with revenue exceeding expenses. The organization holds $1.9M in liabilities against $1.5M in assets (debt-to-asset ratio: 131.9%), resulting in net assets of $-468,462.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$1.5M	$1.4M	$1.5M	$1.9M	—	—
2022	$1.3M	$1.5M	$1.4M	$2.0M	—	View 990
2021	$1.3M	$1.3M	$1.5M	$1.9M	—	View 990
2020	$1.1M	$1.2M	$1.5M	$1.9M	—	View 990
2019	$1.2M	$1.3M	$1.5M	$1.8M	—	View 990
2018	$1.2M	$1.3M	$1.6M	$1.9M	—	View 990
2017	$1.1M	$1.2M	$1.6M	$1.8M	—	View 990
2016	$1.0M	$1.1M	$1.6M	$1.8M	—	View 990
2015	$985K	$1.1M	$1.7M	$1.8M	—	View 990
2014	$816K	$1.1M	$1.8M	$1.8M	—	View 990
2013	$1.0M	$948K	$2.0M	$1.8M	—	View 990
2012	$711K	$806K	$2.0M	$1.8M	—	View 990
2011	$982K	$683K	$2.1M	$1.8M	—	View 990
2010	$618K	$599K	$1.7M	$1.7M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $1.5M, expenses of $1.4M, and assets of $1.5M (revenue +17.1% year-over-year).
2022: Revenue of $1.3M, expenses of $1.5M, and assets of $1.4M (revenue -2.7% year-over-year).
2021: Revenue of $1.3M, expenses of $1.3M, and assets of $1.5M (revenue +23.4% year-over-year).
2020: Revenue of $1.1M, expenses of $1.2M, and assets of $1.5M (revenue -11.9% year-over-year).
2019: Revenue of $1.2M, expenses of $1.3M, and assets of $1.5M (revenue -1.7% year-over-year).
2018: Revenue of $1.2M, expenses of $1.3M, and assets of $1.6M (revenue +11.8% year-over-year).
2017: Revenue of $1.1M, expenses of $1.2M, and assets of $1.6M (revenue +8.1% year-over-year).
2016: Revenue of $1.0M, expenses of $1.1M, and assets of $1.6M (revenue +3.4% year-over-year).
2015: Revenue of $985K, expenses of $1.1M, and assets of $1.7M (revenue +20.7% year-over-year).
2014: Revenue of $816K, expenses of $1.1M, and assets of $1.8M (revenue -19.0% year-over-year).
2013: Revenue of $1.0M, expenses of $948K, and assets of $2.0M (revenue +41.6% year-over-year).
2012: Revenue of $711K, expenses of $806K, and assets of $2.0M (revenue -27.6% year-over-year).
2011: Revenue of $982K, expenses of $683K, and assets of $2.1M (revenue +58.9% year-over-year).
2010: Revenue of $618K, expenses of $599K, and assets of $1.7M.

Data Sources and Methodology

This transparency report for Fast Friends 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.