Florentz Estates Inc
Florentz Estates Inc. experienced a significant revenue increase in 2023 but maintains substantial liabilities exceeding assets.
EIN: 202370710 · Conway, AR · NTEE: L21 · Updated: 2026-03-28
Is Florentz Estates Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Florentz Estates Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Florentz Estates Inc
Florentz Estates Inc (EIN: 202370710) is a nonprofit organization based in Conway, AR, classified under NTEE code L21. The organization reported total revenue of $124K and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Florentz Estates Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Florentz Estates Inc is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 24.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $514K |
| Total Expenses | $215K |
| Surplus / Deficit | +$299K |
| Total Assets | $1.3M |
| Total Liabilities | $1.6M |
| Net Assets | $-289,965 |
| Operating Margin | 58.1% |
| Debt-to-Asset Ratio | 123.0% |
| Months of Reserves | 70.3 months |
Financial Health Grade: A
In 2023, Florentz Estates Inc reported a surplus of $299K with revenue exceeding expenses, holds 70.3 months of operating reserves (strong position), has a debt-to-asset ratio of 123.0% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Florentz Estates Inc's revenue has grown at a compound annual growth rate (CAGR) of 24.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +349.9% | +42.7% | +37.7% |
| 2022 | -1.6% | -1.6% | -4.5% |
| 2021 | -0.6% | +6.5% | -2.2% |
| 2020 | -0.7% | +2.3% | -3.5% |
| 2019 | +7.9% | -7.6% | -3.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Florentz Estates Inc 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, Florentz Estates Inc 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 surplus of $299K, with revenue exceeding expenses.
- Debt-to-asset ratio: 123.0%.
Executive Compensation Analysis
No officer compensation has been reported across all 13 filings, suggesting either a volunteer-led organization or compensation levels below IRS reporting thresholds, which is generally a positive sign for resource allocation.
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 Florentz Estates Inc's IRS 990 filings:
- Consistent negative net assets (liabilities exceeding assets) across multiple years, indicating potential financial instability.
- Historical pattern of expenses exceeding revenue prior to the 2023 filing, raising questions about sustainability.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided data limits full financial efficiency assessment.
Strengths
The following positive indicators were identified for Florentz Estates Inc:
- Significant revenue growth in 2023 ($514,055) compared to previous years, potentially indicating new funding streams or increased support.
- No reported officer compensation, suggesting efficient use of funds at the executive level.
- Long operating history with 13 filings, indicating established presence.
Frequently Asked Questions about Florentz Estates Inc
Is Florentz Estates Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Florentz Estates Inc (EIN: 202370710) some concerns. Mission Score: 60/100. 3 red flags identified, 3 strengths noted.
How does Florentz Estates Inc spend its money?
Florentz Estates Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Florentz Estates Inc tax-deductible?
Florentz Estates Inc is registered as a tax-exempt nonprofit (EIN: 202370710). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Florentz Estates Inc. financially stable given its consistent liabilities exceeding assets?
The organization has consistently reported liabilities exceeding assets, with a deficit of $289,965 in 2023 ($1,550,568 liabilities vs. $1,260,603 assets). This long-standing financial structure raises concerns about its long-term stability and reliance on debt or specific asset types.
What caused the significant revenue increase in 2023?
Revenue jumped from $114,271 in 2022 to $514,055 in 2023. The provided data does not specify the source of this substantial increase, which could be a one-time grant, a major donation, or a change in operational model.
How does Florentz Estates Inc. cover its expenses when revenue is consistently lower?
In most years prior to 2023, expenses exceeded revenue (e.g., $150,837 expenses vs. $114,271 revenue in 2022). This suggests the organization has been drawing down on existing assets or relying on non-revenue income sources not detailed in the summary to cover operational shortfalls.
Filing History
IRS 990 filing history for Florentz Estates Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Florentz Estates Inc's revenue has grown by 1249.8%, moving from $38K to $514K. Total assets increased by 1.1% over the same period, from $1.2M to $1.3M. Total functional expenses rose by 58.5%, from $136K to $215K. In its most recent filing year (2023), Florentz Estates Inc reported a surplus of $299K, with revenue exceeding expenses. The organization holds $1.6M in liabilities against $1.3M in assets (debt-to-asset ratio: 123.0%), resulting in net assets of $-289,965.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $514K | $215K | $1.3M | $1.6M | — | View 990 |
| 2022 | $114K | $151K | $915K | $1.5M | — | View 990 |
| 2021 | $116K | $153K | $958K | $1.5M | — | View 990 |
| 2020 | $117K | $144K | $980K | $1.5M | — | View 990 |
| 2019 | $118K | $141K | $1.0M | $1.5M | — | View 990 |
| 2018 | $109K | $152K | $1.1M | $1.5M | — | View 990 |
| 2017 | $113K | $146K | $1.2M | $1.6M | — | View 990 |
| 2016 | $114K | $137K | $1.1M | $1.5M | — | View 990 |
| 2015 | $113K | $150K | $1.1M | $1.5M | — | View 990 |
| 2014 | $116K | $140K | $1.2M | $1.5M | — | View 990 |
| 2013 | $89K | $142K | $1.2M | $1.5M | — | View 990 |
| 2012 | $39K | $136K | $1.2M | $1.5M | — | View 990 |
| 2011 | $38K | $136K | $1.2M | $1.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $514K, expenses of $215K, and assets of $1.3M (revenue +349.9% year-over-year).
- 2022: Revenue of $114K, expenses of $151K, and assets of $915K (revenue -1.6% year-over-year).
- 2021: Revenue of $116K, expenses of $153K, and assets of $958K (revenue -0.6% year-over-year).
- 2020: Revenue of $117K, expenses of $144K, and assets of $980K (revenue -0.7% year-over-year).
- 2019: Revenue of $118K, expenses of $141K, and assets of $1.0M (revenue +7.9% year-over-year).
- 2018: Revenue of $109K, expenses of $152K, and assets of $1.1M (revenue -3.9% year-over-year).
- 2017: Revenue of $113K, expenses of $146K, and assets of $1.2M (revenue +-0.0% year-over-year).
- 2016: Revenue of $114K, expenses of $137K, and assets of $1.1M (revenue +0.5% year-over-year).
- 2015: Revenue of $113K, expenses of $150K, and assets of $1.1M (revenue -2.8% year-over-year).
- 2014: Revenue of $116K, expenses of $140K, and assets of $1.2M (revenue +31.3% year-over-year).
- 2013: Revenue of $89K, expenses of $142K, and assets of $1.2M (revenue +129.6% year-over-year).
- 2012: Revenue of $39K, expenses of $136K, and assets of $1.2M (revenue +1.2% year-over-year).
- 2011: Revenue of $38K, expenses of $136K, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Florentz Estates Inc:
Data Sources and Methodology
This transparency report for Florentz Estates 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.