Financial Executives International
Financial Executives International faces recurring operating deficits and fluctuating revenues.
EIN: 136185745 · Stratford, CT · Updated: 2026-03-28
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: 136185745) is a nonprofit organization based in Stratford, CT. The organization reported total revenue of $75K and total assets of $31K 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 micro nonprofit that has been operating for 78 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -7.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $81K |
| Total Expenses | $143K |
| Surplus / Deficit | $-61,368 |
| Total Assets | $46K |
| Total Liabilities | $21K |
| Net Assets | $25K |
| Operating Margin | -75.3% |
| Debt-to-Asset Ratio | 45.5% |
| Months of Reserves | 3.9 months |
Financial Health Grade: B
In 2023, Financial Executives International reported a deficit of $61K with expenses exceeding revenue, holds 3.9 months of operating reserves (adequate), has a debt-to-asset ratio of 45.5% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Financial Executives International's revenue has declined at a compound annual growth rate (CAGR) of -7.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -14.3% | +52.7% | -52.9% |
| 2022 | +227.8% | +69.6% | -39.6% |
| 2021 | -78.2% | -37.4% | +23.8% |
| 2020 | +10.5% | -20.6% | +50.2% |
| 2019 | -6.2% | -25.5% | +10.1% |
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 60 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, 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $61K, with expenses exceeding revenue.
- Debt-to-asset ratio: 45.5%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that officers are either uncompensated or compensated through mechanisms not classified as officer compensation, which is a positive sign for resource allocation relative to the organization's 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 Financial Executives International's IRS 990 filings:
- Recurring operating deficits (e.g., $61,368 in 2023, $26,140 in 2021, $20,772 in 2018, $37,260 in 2017)
- Significant fluctuation in annual revenue and expenses, indicating potential instability
- Substantial decrease in assets from $162,726 in 2021 to $46,332 in 2023
- Lack of detailed functional expense breakdown (program, admin, fundraising) in provided data
Strengths
The following positive indicators were identified for Financial Executives International:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds at the executive level
- History of profitable years (e.g., 2020, 2019, 2016, 2015, 2014) demonstrating capacity for financial health
- Generally manageable liabilities relative to assets in most periods
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: 136185745) some concerns. Mission Score: 60/100. 4 red flags identified, 3 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: 136185745). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Why did expenses significantly exceed revenue in the 2023 fiscal period, resulting in a $61,368 deficit?
In the 202306 period, Financial Executives International reported revenues of $81,493 but incurred expenses of $142,861, leading to a substantial operating deficit. This trend of expenses exceeding revenue has occurred in multiple years, including 2021, 2018, and 2017, suggesting a potential structural imbalance or strategic investment.
What caused the significant drop in assets from $162,726 in 2021 to $46,332 in 2023?
The organization's assets decreased from $162,726 in 2021 to $46,332 in 2023. This decline could be attributed to the operating deficits experienced in 2021 and 2023, where expenses outstripped revenue, potentially requiring the use of reserves or asset liquidation to cover operational costs.
How does the organization sustain operations with recurring operating deficits?
With recurring operating deficits, such as the $61,368 deficit in 2023 and $26,140 in 2021, the organization likely relies on accumulated reserves from prior profitable years (e.g., 2020, 2019, 2016) or other non-operating income sources not detailed in the summary data to maintain its operations.
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 (2011–2023), Financial Executives International's revenue has declined by 57.9%, moving from $194K to $81K. Total assets decreased by 55.6% over the same period, from $104K to $46K. Total functional expenses fell by 25.6%, from $192K to $143K. In its most recent filing year (2023), Financial Executives International reported a deficit of $61K, with expenses exceeding revenue. The organization holds $21K in liabilities against $46K in assets (debt-to-asset ratio: 45.5%), resulting in net assets of $25K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $81K | $143K | $46K | $21K | — | View 990 |
| 2022 | $95K | $94K | $98K | $12K | — | View 990 |
| 2021 | $29K | $55K | $163K | $78K | — | — |
| 2020 | $133K | $88K | $131K | $20K | — | View 990 |
| 2019 | $120K | $111K | $88K | $21K | — | View 990 |
| 2018 | $128K | $149K | $80K | $22K | — | — |
| 2017 | $148K | $185K | $78K | $0 | — | View 990 |
| 2016 | $155K | $119K | $123K | $7K | — | View 990 |
| 2015 | $119K | $106K | $80K | $1K | — | View 990 |
| 2014 | $95K | $90K | $73K | $17K | — | View 990 |
| 2013 | $112K | $126K | $88K | $26K | — | View 990 |
| 2012 | $145K | $136K | $112K | $36K | — | View 990 |
| 2011 | $194K | $192K | $104K | $37K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $81K, expenses of $143K, and assets of $46K (revenue -14.3% year-over-year).
- 2022: Revenue of $95K, expenses of $94K, and assets of $98K (revenue +227.8% year-over-year).
- 2021: Revenue of $29K, expenses of $55K, and assets of $163K (revenue -78.2% year-over-year).
- 2020: Revenue of $133K, expenses of $88K, and assets of $131K (revenue +10.5% year-over-year).
- 2019: Revenue of $120K, expenses of $111K, and assets of $88K (revenue -6.2% year-over-year).
- 2018: Revenue of $128K, expenses of $149K, and assets of $80K (revenue -13.4% year-over-year).
- 2017: Revenue of $148K, expenses of $185K, and assets of $78K (revenue -4.4% year-over-year).
- 2016: Revenue of $155K, expenses of $119K, and assets of $123K (revenue +30.1% year-over-year).
- 2015: Revenue of $119K, expenses of $106K, and assets of $80K (revenue +25.5% year-over-year).
- 2014: Revenue of $95K, expenses of $90K, and assets of $73K (revenue -15.3% year-over-year).
- 2013: Revenue of $112K, expenses of $126K, and assets of $88K (revenue -22.9% year-over-year).
- 2012: Revenue of $145K, expenses of $136K, and assets of $112K (revenue -25.2% year-over-year).
- 2011: Revenue of $194K, expenses of $192K, and assets of $104K.
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.