Fhg Armstrong Foundation

Fhg Armstrong Foundation's revenue plummets to $1 amid declining assets and historical expense overruns.

EIN: 205281744 · Teton Village, WY · NTEE: T20 · Updated: 2026-03-28

$1Revenue

$69KAssets

35/100Mission Score (Poor)

T20

About Fhg Armstrong Foundation

Fhg Armstrong Foundation (EIN: 205281744) is a nonprofit organization based in Teton Village, WY, classified under NTEE code T20. The organization reported total revenue of $1 and total assets of $69K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fhg Armstrong Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Fhg Armstrong Foundation exhibits a concerning financial trend, with its latest reported revenue at a mere $1, a drastic decline from previous years where revenue reached hundreds of thousands. This significant drop in income, coupled with a history of expenses frequently exceeding revenue (e.g., $373,294 in expenses against $20,000 revenue in 2015), raises serious questions about its long-term sustainability and operational viability. While the organization has maintained assets, they have also seen a substantial decrease from a peak of $470,106 in 2012 to $68,803 currently. The consistent reporting of 0% officer compensation suggests a volunteer-driven or very lean executive structure, which can be a positive for efficiency, but the overall financial picture is one of significant contraction and potential instability.

Given the available data, it's difficult to fully assess spending efficiency without a detailed breakdown of program, administrative, and fundraising expenses. However, the consistent pattern of expenses often outstripping revenue, particularly in recent years, indicates a potential challenge in managing costs relative to income. The lack of reported liabilities is a positive sign, suggesting the organization isn't accumulating debt. Transparency appears adequate in terms of filing IRS 990s, but the dramatic financial shifts warrant closer scrutiny to understand the underlying causes and future plans.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Fhg Armstrong Foundation with a Mission Score of 35 out of 100 (Poor). 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, Fhg Armstrong Foundation 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.

Executive Compensation Analysis

The Fhg Armstrong Foundation consistently reports 0% officer compensation across all available filings, indicating that its leadership is either entirely volunteer-based or compensated through non-officer roles, which is highly efficient for an organization of its 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 Fhg Armstrong Foundation's IRS 990 filings:

Latest reported revenue is only $1, a severe decline from previous years.
Historical pattern of expenses frequently exceeding revenue (e.g., $373,294 expenses vs. $20,000 revenue in 2015).
Significant decrease in assets from a peak of $470,106 in 2012 to $68,803 currently.

Strengths

The following positive indicators were identified for Fhg Armstrong Foundation:

Consistent reporting of 0% officer compensation, indicating efficient executive cost management.
No reported liabilities across all available filing periods, suggesting good debt management.

Frequently Asked Questions about Fhg Armstrong Foundation

What caused the dramatic decline in revenue from hundreds of thousands to just $1?

The provided IRS 990 data does not specify the reasons for the revenue decline, but it is a critical question for understanding the foundation's current operational status and future.

How does the foundation cover its expenses when revenue is so low?

With a reported revenue of $1 and assets of $68,803, the foundation would likely be drawing down its assets to cover any operational expenses, which is unsustainable long-term.

What are the specific program activities of the Fhg Armstrong Foundation?

The NTEE code T20 indicates 'Philanthropy, Voluntarism, and Grantmaking Foundations', but the specific programs are not detailed in the provided financial summary.

Is the Fhg Armstrong Foundation still actively operating?

The drastic drop in revenue to $1 suggests a significant reduction in activity or a potential winding down, though the continued existence of assets indicates it has not fully dissolved.

Filing History

IRS 990 filing history for Fhg Armstrong Foundation showing financial trends over 5 years of public records:

Over 5 years of IRS 990 filings (2011–2015), Fhg Armstrong Foundation's revenue has grown by 3829.3%, moving from $509 to $20K. Total assets decreased by 53.4% over the same period, from $207K to $97K. Total functional expenses rose by 129.5%, from $163K to $373K. In its most recent filing year (2015), Fhg Armstrong Foundation reported a deficit of $353K, with expenses exceeding revenue. The organization holds $1 in liabilities against $97K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $97K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2015	$20K	$373K	$97K	$1	—	View 990
2014	$250K	$259K	$450K	$0	—	View 990
2013	$300K	$312K	$459K	$0	—	View 990
2012	$350K	$87K	$470K	$0	—	View 990
2011	$509	$163K	$207K	$0	—	View 990

Year-by-Year Financial Summary

2015: Revenue of $20K, expenses of $373K, and assets of $97K (revenue -92.0% year-over-year).
2014: Revenue of $250K, expenses of $259K, and assets of $450K (revenue -16.7% year-over-year).
2013: Revenue of $300K, expenses of $312K, and assets of $459K (revenue -14.3% year-over-year).
2012: Revenue of $350K, expenses of $87K, and assets of $470K (revenue +68662.3% year-over-year).
2011: Revenue of $509, expenses of $163K, and assets of $207K.

Data Sources and Methodology

This transparency report for Fhg Armstrong Foundation 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.