Fiu Athletics Finance Corporation
Fiu Athletics Finance Corporation faces long-term asset decline and persistent liabilities, with recent expenses often exceeding revenue.
EIN: 208802270 · Miami, FL · NTEE: B11 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $6.3M |
| Total Expenses | $6.1M |
| Program Spending | 85% |
| Net Assets | $-4,394,030 |
| Transparency Score | 65/100 |
Is Fiu Athletics Finance Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Fiu Athletics Finance Corporation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Fiu Athletics Finance Corporation
Fiu Athletics Finance Corporation (EIN: 208802270) is a nonprofit organization based in Miami, FL, classified under NTEE code B11. The organization reported total revenue of $6.3M and total assets of $18.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fiu Athletics Finance Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fiu Athletics Finance Corporation is a mid-size nonprofit that has been operating for 17 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.7M |
| Total Expenses | $6.1M |
| Surplus / Deficit | $-397,366 |
| Total Assets | $19.9M |
| Total Liabilities | $24.3M |
| Net Assets | $-4,394,030 |
| Operating Margin | -6.9% |
| Debt-to-Asset Ratio | 122.1% |
| Months of Reserves | 39.0 months |
Financial Health Grade: C
In 2023, Fiu Athletics Finance Corporation reported a deficit of $397K with expenses exceeding revenue, holds 39.0 months of operating reserves (strong position), has a debt-to-asset ratio of 122.1% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Fiu Athletics Finance Corporation's revenue has grown at a compound annual growth rate (CAGR) of 3.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.8% | +61.2% | -5.2% |
| 2022 | +33.1% | -3.0% | +0.6% |
| 2021 | -3.7% | +1.6% | -6.3% |
| 2020 | +2.0% | +13.1% | -5.3% |
| 2019 | +3.0% | -11.9% | -2.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
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 Fiu Athletics Finance Corporation 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Fiu Athletics Finance Corporation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $397K, with expenses exceeding revenue.
- Debt-to-asset ratio: 122.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no direct compensation is paid to officers by this specific entity, or that it is handled by an affiliated organization.
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 Fiu Athletics Finance Corporation's IRS 990 filings:
- Consistent decline in total assets over the past decade, from $31.4M in 2014 to $19.8M in 2023.
- Persistent high liabilities, consistently above $24M, indicating significant long-term debt or obligations.
- Multiple periods of deficit spending where expenses exceeded revenue (e.g., 2023, 2017, 2016), suggesting reliance on reserves or other funding to cover operational costs.
Strengths
The following positive indicators were identified for Fiu Athletics Finance Corporation:
- Consistent filing of IRS 990 forms, providing a transparent financial history.
- Reported 0% officer compensation across all available filings, indicating no direct executive pay from this entity.
- Stable revenue generation, generally maintaining above $3.5M annually, demonstrating consistent fundraising or operational income.
Frequently Asked Questions about Fiu Athletics Finance Corporation
Is Fiu Athletics Finance Corporation a legitimate charity?
Fiu Athletics Finance Corporation (EIN: 208802270) is a registered tax-exempt nonprofit based in Florida. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $6.3M. 3 red flags identified. 3 strengths noted. Financial health grade: C.
How does Fiu Athletics Finance Corporation spend its money?
Fiu Athletics Finance Corporation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Fiu Athletics Finance Corporation tax-deductible?
Fiu Athletics Finance Corporation is registered as a tax-exempt nonprofit (EIN: 208802270). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Fiu Athletics Finance Corporation's spending goes to programs?
Fiu Athletics Finance Corporation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Fiu Athletics Finance Corporation compare to similar nonprofits?
With a transparency score of 65/100 (Good), Fiu Athletics Finance Corporation is above average for NTEE category B11 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Fiu Athletics Finance Corporation located?
Fiu Athletics Finance Corporation is headquartered in Miami, Florida and files with the IRS under EIN 208802270. It is classified under NTEE code B11.
How many years of IRS 990 filings does Fiu Athletics Finance Corporation have?
Fiu Athletics Finance Corporation 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 $6.3M in total revenue.
Why have assets consistently declined from $31.4M in 2014 to $19.8M in 2023?
The consistent decline in assets suggests either significant asset utilization, depreciation, or a lack of new asset acquisition/investment to offset these factors over the past decade.
What is the nature of the high liabilities, consistently above $24M, and how are they being managed?
The persistent high liabilities, reaching $24,258,965 in 2023, indicate substantial long-term financial obligations. Understanding the composition of these liabilities (e.g., bonds, loans, deferred revenue) and the repayment strategy is crucial for assessing financial stability.
How does the organization cover periods where expenses exceed revenue, such as in 2023 ($6.1M expenses vs. $5.7M revenue) and 2017 ($5.7M expenses vs. $4.0M revenue)?
When expenses exceed revenue, the organization likely draws upon its existing assets or relies on external funding sources, which could contribute to the observed asset decline.
Given the 0% officer compensation, how are executive leadership roles compensated, and by which entity?
The consistent 0% officer compensation suggests that executive compensation might be provided by an affiliated entity (e.g., Florida International University itself) rather than directly by Fiu Athletics Finance Corporation, or that these roles are purely voluntary.
Filing History
IRS 990 filing history for Fiu Athletics Finance Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Fiu Athletics Finance Corporation's revenue has grown by 58.7%, moving from $3.6M to $5.7M. Total assets decreased by 48.8% over the same period, from $38.8M to $19.9M. Total functional expenses rose by 71.7%, from $3.6M to $6.1M. In its most recent filing year (2023), Fiu Athletics Finance Corporation reported a deficit of $397K, with expenses exceeding revenue. The organization holds $24.3M in liabilities against $19.9M in assets (debt-to-asset ratio: 122.1%), resulting in net assets of $-4,394,030.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.7M | $6.1M | $19.9M | $24.3M | — | View 990 |
| 2022 | $5.5M | $3.8M | $21.0M | $25.0M | — | View 990 |
| 2021 | $4.1M | $3.9M | $20.8M | $26.5M | — | View 990 |
| 2020 | $4.3M | $3.9M | $22.2M | $28.2M | — | View 990 |
| 2019 | $4.2M | $3.4M | $23.5M | $29.9M | — | View 990 |
| 2018 | $4.1M | $3.9M | $24.1M | $31.3M | — | View 990 |
| 2017 | $4.0M | $5.7M | $25.3M | $32.8M | — | View 990 |
| 2016 | $3.6M | $4.3M | $27.7M | $33.4M | — | View 990 |
| 2015 | $3.8M | $4.2M | $29.3M | $34.3M | — | View 990 |
| 2014 | $3.6M | $3.9M | $31.4M | $36.0M | — | View 990 |
| 2013 | $3.6M | $5.9M | $33.4M | $37.7M | — | View 990 |
| 2012 | $3.5M | $3.6M | $37.2M | $39.5M | — | View 990 |
| 2011 | $3.6M | $3.6M | $38.8M | $41.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.7M, expenses of $6.1M, and assets of $19.9M (revenue +3.8% year-over-year).
- 2022: Revenue of $5.5M, expenses of $3.8M, and assets of $21.0M (revenue +33.1% year-over-year).
- 2021: Revenue of $4.1M, expenses of $3.9M, and assets of $20.8M (revenue -3.7% year-over-year).
- 2020: Revenue of $4.3M, expenses of $3.9M, and assets of $22.2M (revenue +2.0% year-over-year).
- 2019: Revenue of $4.2M, expenses of $3.4M, and assets of $23.5M (revenue +3.0% year-over-year).
- 2018: Revenue of $4.1M, expenses of $3.9M, and assets of $24.1M (revenue +1.3% year-over-year).
- 2017: Revenue of $4.0M, expenses of $5.7M, and assets of $25.3M (revenue +12.4% year-over-year).
- 2016: Revenue of $3.6M, expenses of $4.3M, and assets of $27.7M (revenue -5.0% year-over-year).
- 2015: Revenue of $3.8M, expenses of $4.2M, and assets of $29.3M (revenue +4.9% year-over-year).
- 2014: Revenue of $3.6M, expenses of $3.9M, and assets of $31.4M (revenue -0.2% year-over-year).
- 2013: Revenue of $3.6M, expenses of $5.9M, and assets of $33.4M (revenue +1.9% year-over-year).
- 2012: Revenue of $3.5M, expenses of $3.6M, and assets of $37.2M (revenue -1.7% year-over-year).
- 2011: Revenue of $3.6M, expenses of $3.6M, and assets of $38.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Fiu Athletics Finance Corporation:
Data Sources and Methodology
This transparency report for Fiu Athletics Finance Corporation 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.