Financial Executives International
Financial Executives International faces declining revenue and recurring deficits, with assets shrinking over the past decade.
EIN: 131981932 · Morristown, NJ · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.1M |
| Total Expenses | $3.2M |
| Program Spending | 70% |
| Net Assets | $1.4M |
| Transparency Score | 55/100 |
Is Financial Executives International Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Financial Executives International directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Financial Executives International
Financial Executives International (EIN: 131981932) is a nonprofit organization based in Morristown, NJ. The organization reported total revenue of $3.1M and total assets of $4.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Financial Executives International's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Financial Executives International is a mid-size nonprofit that has been operating for 78 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of -8.5%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.9M |
| Total Expenses | $3.2M |
| Surplus / Deficit | $-391,391 |
| Total Assets | $4.2M |
| Total Liabilities | $2.8M |
| Net Assets | $1.4M |
| Operating Margin | -13.7% |
| Debt-to-Asset Ratio | 66.7% |
| Months of Reserves | 15.5 months |
Financial Health Grade: C
In 2024, Financial Executives International reported a deficit of $391K with expenses exceeding revenue, holds 15.5 months of operating reserves (strong position), has a debt-to-asset ratio of 66.7% (high leverage).
Financial Trends
Over 13 years of filings (2012–2024), Financial Executives International's revenue has declined at a compound annual growth rate (CAGR) of -8.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +11.2% | +0.2% | -15.1% |
| 2023 | -10.0% | +6.5% | -8.3% |
| 2022 | -7.2% | -0.9% | -1.2% |
| 2021 | -17.6% | -13.3% | +15.4% |
| 2020 | -2.0% | +4.5% | -14.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1948 |
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 Financial Executives International with a Mission Score of 55 out of 100 (Fair). 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, Financial Executives International allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $391K, with expenses exceeding revenue.
- Debt-to-asset ratio: 66.7%.
Executive Compensation Analysis
The consistent reporting of 0% officer compensation across all available filings is highly unusual for an organization with annual revenues in the multi-million dollar range and suggests that executive compensation may be categorized differently or not fully disclosed under 'officer compensation' on the 990.
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 Financial Executives International's IRS 990 filings:
- Significant and consistent decline in revenue over the past decade (from $7M+ to $2.8M).
- Recurring deficits where expenses exceed revenue in recent fiscal periods (e.g., 2024, 2023, 2022).
- Consistent reporting of 0% officer compensation, which is highly unusual and may indicate incomplete disclosure.
- Declining asset base from $5.8M in 2015 to $4.1M in 2024.
Strengths
The following positive indicators were identified for Financial Executives International:
- Maintains a substantial asset base of over $4 million, providing some financial cushion.
- Long history of IRS 990 filings (13 filings), indicating consistent compliance with reporting requirements.
Frequently Asked Questions about Financial Executives International
Is Financial Executives International a legitimate charity?
Based on AI analysis of IRS 990 filings, Financial Executives International (EIN: 131981932) some concerns. Mission Score: 55/100. 4 red flags identified, 2 strengths noted.
How does Financial Executives International spend its money?
Financial Executives International directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Financial Executives International tax-deductible?
Financial Executives International is registered as a tax-exempt nonprofit (EIN: 131981932). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Financial Executives International's spending goes to programs?
Financial Executives International directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Financial Executives International located?
Financial Executives International is headquartered in Morristown, New Jersey and files with the IRS under EIN 131981932.
How many years of IRS 990 filings does Financial Executives International have?
Financial Executives International has 13 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 $3.1M in total revenue.
Why has Financial Executives International's revenue declined by over 50% since 2015?
The provided data shows a significant drop in revenue from $7,075,304 in 2015 to $2,851,747 in 2024, indicating a substantial contraction in the organization's financial activity.
How does Financial Executives International manage to report 0% officer compensation?
All available IRS 990 filings consistently report 0% officer compensation, which is atypical for an organization of this size and suggests that executive salaries might be reported under other expense lines or that the organization has a unique compensation structure not fully captured by this specific line item.
What is the organization's strategy to address the recurring deficits?
In recent periods, expenses have frequently exceeded revenue (e.g., $3,243,138 in expenses vs. $2,851,747 in revenue in 2024), leading to deficits and a reduction in net assets. The filings do not detail specific strategies to reverse this trend.
What is the breakdown of program, administrative, and fundraising expenses?
The provided data does not offer a detailed breakdown of expenses into program, administrative, and fundraising categories, making it difficult to precisely assess spending efficiency in these areas.
Filing History
IRS 990 filing history for Financial Executives International showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Financial Executives International's revenue has declined by 65.4%, moving from $8.2M to $2.9M. Total assets decreased by 42.7% over the same period, from $7.3M to $4.2M. Total functional expenses fell by 61%, from $8.3M to $3.2M. In its most recent filing year (2024), Financial Executives International reported a deficit of $391K, with expenses exceeding revenue. The organization holds $2.8M in liabilities against $4.2M in assets (debt-to-asset ratio: 66.7%), resulting in net assets of $1.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $2.9M | $3.2M | $4.2M | $2.8M | — | View 990 |
| 2023 | $2.6M | $3.2M | $4.9M | $3.1M | — | View 990 |
| 2022 | $2.9M | $3.0M | $5.4M | $3.7M | — | View 990 |
| 2021 | $3.1M | $3.1M | $5.5M | $3.4M | — | View 990 |
| 2020 | $3.7M | $3.5M | $4.7M | $4.6M | — | View 990 |
| 2019 | $3.8M | $3.4M | $5.5M | $5.0M | — | View 990 |
| 2018 | $6.3M | $6.2M | $6.0M | $5.6M | — | View 990 |
| 2017 | $6.0M | $5.9M | $5.8M | $5.7M | — | — |
| 2016 | $6.2M | $5.9M | $5.7M | $6.9M | — | View 990 |
| 2015 | $7.1M | $7.2M | $5.8M | $5.6M | — | View 990 |
| 2014 | $7.8M | $7.7M | $7.2M | $6.6M | — | View 990 |
| 2013 | $7.7M | $8.3M | $6.6M | $6.6M | — | View 990 |
| 2012 | $8.2M | $8.3M | $7.3M | $7.6M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $2.9M, expenses of $3.2M, and assets of $4.2M (revenue +11.2% year-over-year).
- 2023: Revenue of $2.6M, expenses of $3.2M, and assets of $4.9M (revenue -10.0% year-over-year).
- 2022: Revenue of $2.9M, expenses of $3.0M, and assets of $5.4M (revenue -7.2% year-over-year).
- 2021: Revenue of $3.1M, expenses of $3.1M, and assets of $5.5M (revenue -17.6% year-over-year).
- 2020: Revenue of $3.7M, expenses of $3.5M, and assets of $4.7M (revenue -2.0% year-over-year).
- 2019: Revenue of $3.8M, expenses of $3.4M, and assets of $5.5M (revenue -40.0% year-over-year).
- 2018: Revenue of $6.3M, expenses of $6.2M, and assets of $6.0M (revenue +5.0% year-over-year).
- 2017: Revenue of $6.0M, expenses of $5.9M, and assets of $5.8M (revenue -2.9% year-over-year).
- 2016: Revenue of $6.2M, expenses of $5.9M, and assets of $5.7M (revenue -12.1% year-over-year).
- 2015: Revenue of $7.1M, expenses of $7.2M, and assets of $5.8M (revenue -9.2% year-over-year).
- 2014: Revenue of $7.8M, expenses of $7.7M, and assets of $7.2M (revenue +1.0% year-over-year).
- 2013: Revenue of $7.7M, expenses of $8.3M, and assets of $6.6M (revenue -6.3% year-over-year).
- 2012: Revenue of $8.2M, expenses of $8.3M, and assets of $7.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Financial Executives International:
Data Sources and Methodology
This transparency report for Financial Executives International 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.