Flnc Inc

Flnc Inc consistently grows revenue and assets with 0% reported officer compensation.

EIN: 205774761 · Altamonte Spg, FL · Updated: 2026-03-28

$29.4MRevenue

$43.4MAssets

95/100Mission Score (Excellent)

About Flnc Inc

Flnc Inc (EIN: 205774761) is a nonprofit organization based in Altamonte Spg, FL. The organization reported total revenue of $29.4M and total assets of $43.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Flnc Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Flnc Inc demonstrates consistent financial growth and strong program spending based on its IRS 990 filings. In 2022, the organization reported revenues of $28,894,680 against expenses of $28,137,647, indicating a healthy operational surplus. The organization's assets have grown significantly over the past decade, from $18,467,393 in 2013 to $43,448,284 in 2022, while liabilities have remained manageable relative to assets. This financial stability suggests a well-managed organization capable of sustaining its operations.

The spending efficiency appears robust, with a high percentage of expenses directed towards program services. The consistent reporting of 0% officer compensation across all available filings is a notable indicator of transparency and a commitment to directing funds towards the mission rather than executive salaries. This practice, combined with a steady increase in revenue and assets, paints a picture of a financially sound and mission-focused nonprofit. The organization's ability to maintain a positive net income year over year, as seen by revenues consistently exceeding expenses, further solidifies its financial health.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Flnc Inc with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 7%
programs: 90%
fundraising: 3%

According to IRS 990 filings, Flnc Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Flnc Inc consistently reports 0% officer compensation across all available IRS 990 filings, indicating that no salaries or other compensation were paid to officers, directors, trustees, or key employees. This is highly unusual for an organization of its size, with revenues nearing $29 million, and suggests a strong commitment to directing funds towards its mission.

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 Flnc Inc's IRS 990 filings:

NTEE Code is unknown, which limits understanding of its specific programmatic focus.

Strengths

The following positive indicators were identified for Flnc Inc:

Consistent revenue growth, from $19.7M in 2013 to $28.9M in 2022.
Significant asset growth, from $18.5M in 2013 to $43.4M in 2022.
Exceptional transparency with 0% reported officer compensation across all filings.
Healthy operational surplus, with revenues consistently exceeding expenses.
Strong program spending efficiency (estimated 90% of expenses).

Frequently Asked Questions about Flnc Inc

Is Flnc Inc a good charity?

Based on the available IRS 990 data, Flnc Inc appears to be a very good charity. It demonstrates strong financial health with consistent revenue and asset growth, very high program spending efficiency (estimated 90%), and exceptional transparency regarding executive compensation (0% reported).

How has Flnc Inc's financial health changed over time?

Flnc Inc has shown remarkable financial growth and stability. Revenue increased from $19,697,616 in 2013 to $28,894,680 in 2022, and assets more than doubled from $18,467,393 to $43,448,284 over the same period. The organization consistently operates with a surplus, as expenses are generally lower than revenues.

What is Flnc Inc's approach to executive compensation?

Flnc Inc's approach to executive compensation is highly unusual and transparent, as it consistently reports 0% officer compensation in all available IRS 990 filings. This means no compensation was reported for officers, directors, trustees, or key employees, which is a significant indicator of funds being directed elsewhere.

Filing History

IRS 990 filing history for Flnc Inc showing financial trends over 12 years of public records:

Over 12 years of IRS 990 filings (2011–2022), Flnc Inc's revenue has grown by 35.2%, moving from $21.4M to $28.9M. Total assets increased by 205.3% over the same period, from $14.2M to $43.4M. Total functional expenses rose by 57.3%, from $17.9M to $28.1M. In its most recent filing year (2022), Flnc Inc reported a surplus of $757K, with revenue exceeding expenses. The organization holds $7.1M in liabilities against $43.4M in assets (debt-to-asset ratio: 16.4%), resulting in net assets of $36.3M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2022	$28.9M	$28.1M	$43.4M	$7.1M	—	View 990
2021	$28.2M	$23.0M	$48.5M	$8.0M	—	View 990
2020	$26.3M	$22.4M	$42.2M	$7.4M	—	View 990
2019	$24.5M	$20.6M	$29.0M	$3.1M	—	View 990
2018	$23.2M	$20.1M	$23.5M	$2.8M	—	View 990
2017	$22.3M	$17.9M	$21.1M	$3.0M	—	View 990
2016	$21.2M	$18.8M	$27.2M	$4.1M	—	View 990
2015	$21.6M	$19.3M	$23.9M	$3.6M	—	View 990
2014	$20.9M	$19.0M	$20.7M	$2.6M	—	View 990
2013	$19.7M	$18.3M	$18.5M	$2.3M	—	View 990
2012	$20.5M	$18.1M	$17.4M	$2.6M	—	View 990
2011	$21.4M	$17.9M	$14.2M	$1.9M	—	View 990

Year-by-Year Financial Summary

2022: Revenue of $28.9M, expenses of $28.1M, and assets of $43.4M (revenue +2.6% year-over-year).
2021: Revenue of $28.2M, expenses of $23.0M, and assets of $48.5M (revenue +7.2% year-over-year).
2020: Revenue of $26.3M, expenses of $22.4M, and assets of $42.2M (revenue +7.1% year-over-year).
2019: Revenue of $24.5M, expenses of $20.6M, and assets of $29.0M (revenue +5.8% year-over-year).
2018: Revenue of $23.2M, expenses of $20.1M, and assets of $23.5M (revenue +3.8% year-over-year).
2017: Revenue of $22.3M, expenses of $17.9M, and assets of $21.1M (revenue +5.2% year-over-year).
2016: Revenue of $21.2M, expenses of $18.8M, and assets of $27.2M (revenue -1.9% year-over-year).
2015: Revenue of $21.6M, expenses of $19.3M, and assets of $23.9M (revenue +3.4% year-over-year).
2014: Revenue of $20.9M, expenses of $19.0M, and assets of $20.7M (revenue +6.2% year-over-year).
2013: Revenue of $19.7M, expenses of $18.3M, and assets of $18.5M (revenue -3.8% year-over-year).
2012: Revenue of $20.5M, expenses of $18.1M, and assets of $17.4M (revenue -4.2% year-over-year).
2011: Revenue of $21.4M, expenses of $17.9M, and assets of $14.2M.

Data Sources and Methodology

This transparency report for Flnc 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.