Finish Line Foundation Inc
Finish Line Foundation Inc. reports $0 revenue and assets in its latest filing, indicating potential dormancy.
EIN: 161542993 · Scottsdale, AZ · Updated: 2026-03-28
Is Finish Line Foundation Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Finish Line Foundation Inc
Finish Line Foundation Inc (EIN: 161542993) is a nonprofit organization based in Scottsdale, AZ. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Finish Line Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Finish Line Foundation Inc is a micro nonprofit, with 3 years of IRS 990 filings on record (2013–2015). Revenue has grown at a compound annual rate of -66.5%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
| Total Revenue | $76K |
| Total Expenses | $79K |
| Surplus / Deficit | $-2,651 |
| Total Assets | $1.3M |
| Total Liabilities | $5K |
| Net Assets | $1.3M |
| Operating Margin | -3.5% |
| Debt-to-Asset Ratio | 0.4% |
| Months of Reserves | 200.6 months |
Financial Health Grade: B
In 2015, Finish Line Foundation Inc reported a deficit of $3K with expenses exceeding revenue, holds 200.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.4% (very low leverage).
Financial Trends
Over 3 years of filings (2013–2015), Finish Line Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -66.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2015 | -86.9% | -3.8% | -0.2% |
| 2014 | -13.9% | +495.7% | +57.2% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Finish Line Foundation Inc with a Mission Score of 10 out of 100 (Very 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: 0%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Finish Line Foundation Inc allocates its expenses as follows: admin: 0%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $3K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.4%.
Executive Compensation Analysis
Officer compensation was reported as 0% across all available filings (2013-2015), indicating that the organization's leadership was unpaid during these periods, which is positive for resource allocation but now coincides with zero financial activity.
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 Finish Line Foundation Inc's IRS 990 filings:
- Latest filing shows $0 revenue and $0 assets, indicating potential cessation of operations.
- Significant and unexplained decline in revenue from $680,000 (2013) to $0 (latest filing).
- Disappearance of over $1.3 million in reported assets without explanation.
- Lack of recent financial data beyond 2015, making current assessment impossible.
Strengths
The following positive indicators were identified for Finish Line Foundation Inc:
- No officer compensation reported in previous active years, indicating volunteer leadership.
Frequently Asked Questions about Finish Line Foundation Inc
Is Finish Line Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Finish Line Foundation Inc (EIN: 161542993) significant concerns. Mission Score: 10/100. 4 red flags identified, 1 strength noted.
How does Finish Line Foundation Inc spend its money?
Detailed spending breakdown data is not yet available for Finish Line Foundation Inc. Check back for updated IRS 990 analysis.
Are donations to Finish Line Foundation Inc tax-deductible?
Finish Line Foundation Inc is registered as a tax-exempt nonprofit (EIN: 161542993). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Finish Line Foundation Inc. still operational?
Based on the latest filing (201512) reporting $0 revenue and $0 assets, it appears the organization may no longer be operational or is dormant.
What happened to the significant assets reported in previous years?
The provided data does not explain the disappearance of assets, which were over $1.3 million in 2014 and 2015, now reported as $0.
Why did the organization's revenue drop to zero?
The filings show a drastic decline from $680,000 in 2013 to $0 in the latest period, with no explanation provided in the available data.
Filing History
IRS 990 filing history for Finish Line Foundation Inc showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2013–2015), Finish Line Foundation Inc's revenue has declined by 88.8%, moving from $680K to $76K. Total assets increased by 56.9% over the same period, from $842K to $1.3M. Total functional expenses rose by 472.9%, from $14K to $79K. In its most recent filing year (2015), Finish Line Foundation Inc reported a deficit of $3K, with expenses exceeding revenue. The organization holds $5K in liabilities against $1.3M in assets (debt-to-asset ratio: 0.4%), resulting in net assets of $1.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2015 | $76K | $79K | $1.3M | $5K | — | View 990 |
| 2014 | $585K | $82K | $1.3M | $5K | — | View 990 |
| 2013 | $680K | $14K | $842K | $6K | — | — |
Year-by-Year Financial Summary
- 2015: Revenue of $76K, expenses of $79K, and assets of $1.3M (revenue -86.9% year-over-year).
- 2014: Revenue of $585K, expenses of $82K, and assets of $1.3M (revenue -13.9% year-over-year).
- 2013: Revenue of $680K, expenses of $14K, and assets of $842K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Finish Line Foundation Inc:
Data Sources and Methodology
This transparency report for Finish Line Foundation 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.