Fmh Wind Down Company
Fmh Wind Down Company's revenue has collapsed from over $144 million to under $50,000 in three years, with liabilities exceeding assets.
EIN: 20222131 · Concord, NH · NTEE: E220 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $49K |
| Total Expenses | $4.2M |
| Net Assets | $-2,545,170 |
| Transparency Score | 10/100 |
Is Fmh Wind Down Company Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Fmh Wind Down Company
Fmh Wind Down Company (EIN: 20222131) is a nonprofit organization based in Concord, NH, classified under NTEE code E220. The organization reported total revenue of $49K and total assets of $3.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fmh Wind Down Company's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fmh Wind Down Company is a micro nonprofit that has been operating for 85 years, with 11 years of IRS 990 filings on record (2011–2021). Revenue has grown at a compound annual rate of -33.8%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.1M |
| Total Expenses | $4.2M |
| Surplus / Deficit | $-2,069,876 |
| Total Assets | $4.0M |
| Total Liabilities | $6.5M |
| Net Assets | $-2,545,170 |
| Operating Margin | -98.3% |
| Debt-to-Asset Ratio | 164.1% |
| Months of Reserves | 11.4 months |
Financial Health Grade: C
In 2021, Fmh Wind Down Company reported a deficit of $2.1M with expenses exceeding revenue, holds 11.4 months of operating reserves (strong position), has a debt-to-asset ratio of 164.1% (high leverage).
Financial Trends
Over 11 years of filings (2011–2021), Fmh Wind Down Company's revenue has declined at a compound annual growth rate (CAGR) of -33.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | -95.1% | -93.8% | -53.1% |
| 2020 | -70.1% | -58.1% | -91.5% |
| 2019 | -8.1% | -6.5% | -13.0% |
| 2018 | +5.2% | +1.6% | -13.5% |
| 2017 | +0.8% | +17.8% | -3.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1941 |
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 Fmh Wind Down Company 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, Fmh Wind Down Company allocates its expenses as follows: admin: 0%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2.1M, with expenses exceeding revenue.
- Debt-to-asset ratio: 164.1%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no officers received compensation from the organization. This suggests a high degree of financial prudence regarding executive pay, especially given the organization's significant financial decline.
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 Fmh Wind Down Company's IRS 990 filings:
- Dramatic and sustained decline in revenue (from $144M in 2019 to $48K currently)
- Expenses consistently exceeding revenue in recent periods (e.g., $4.1M expenses vs. $2.1M revenue in 2021)
- Liabilities significantly exceeding assets in recent years, indicating potential insolvency (e.g., $6.5M liabilities vs. $3.9M assets in 2021)
- Organization name 'Wind Down Company' suggests cessation of operations
Strengths
The following positive indicators were identified for Fmh Wind Down Company:
- Consistent reporting of 0% officer compensation across all filings, indicating no executive financial benefit.
Frequently Asked Questions about Fmh Wind Down Company
Is Fmh Wind Down Company a legitimate charity?
Based on AI analysis of IRS 990 filings, Fmh Wind Down Company (EIN: 20222131) significant concerns. Mission Score: 10/100. 4 red flags identified, 1 strength noted.
How does Fmh Wind Down Company spend its money?
Detailed spending breakdown data is not yet available for Fmh Wind Down Company. Check back for updated IRS 990 analysis.
Are donations to Fmh Wind Down Company tax-deductible?
Fmh Wind Down Company is registered as a tax-exempt nonprofit (EIN: 20222131). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Fmh Wind Down Company compare to similar nonprofits?
With a transparency score of 10/100 (Very Poor), Fmh Wind Down Company is below average for NTEE category E220 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Fmh Wind Down Company located?
Fmh Wind Down Company is headquartered in Concord, New Hampshire and files with the IRS under EIN 20222131. It is classified under NTEE code E220.
How many years of IRS 990 filings does Fmh Wind Down Company have?
Fmh Wind Down Company has 11 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 $49K in total revenue.
What is the current operational status of Fmh Wind Down Company given the drastic revenue decline?
The name 'Wind Down Company' itself, combined with the precipitous drop in revenue from $144 million in 2019 to $48,872 in the latest period, strongly suggests the organization is in the process of ceasing operations or has already done so.
Why are liabilities consistently higher than assets in recent years?
In 2021, liabilities were $6,516,586 while assets were $3,971,416, indicating a negative net asset position. This financial structure is typical for an organization facing severe financial distress or undergoing liquidation, where obligations exceed available resources.
What caused the dramatic decrease in revenue from 2019 to the latest period?
The filings do not explicitly state the cause, but the decline from $144,169,600 in 2019 to $43,176,492 in 2020, $2,106,381 in 2021, and $48,872 most recently, points to a significant and sustained loss of funding sources or a deliberate cessation of primary activities.
Filing History
IRS 990 filing history for Fmh Wind Down Company showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2021), Fmh Wind Down Company's revenue has declined by 98.4%, moving from $130.2M to $2.1M. Total assets decreased by 96.9% over the same period, from $129.5M to $4.0M. Total functional expenses fell by 96.6%, from $123.6M to $4.2M. In its most recent filing year (2021), Fmh Wind Down Company reported a deficit of $2.1M, with expenses exceeding revenue. The organization holds $6.5M in liabilities against $4.0M in assets (debt-to-asset ratio: 164.1%), resulting in net assets of $-2,545,170.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $2.1M | $4.2M | $4.0M | $6.5M | — | View 990 |
| 2020 | $43.2M | $67.7M | $8.5M | $5.6M | — | — |
| 2019 | $144.2M | $161.7M | $99.3M | $71.1M | — | View 990 |
| 2018 | $156.8M | $172.9M | $114.1M | $67.7M | — | View 990 |
| 2017 | $149.0M | $170.2M | $132.0M | $68.4M | — | View 990 |
| 2016 | $147.9M | $144.5M | $136.9M | $49.1M | — | View 990 |
| 2015 | $131.6M | $132.8M | $120.8M | $37.9M | — | View 990 |
| 2014 | $127.2M | $127.1M | $125.8M | $39.9M | — | View 990 |
| 2013 | $125.5M | $123.5M | $127.3M | $42.1M | — | View 990 |
| 2012 | $122.5M | $125.8M | $126.8M | $45.4M | — | View 990 |
| 2011 | $130.2M | $123.6M | $129.5M | $47.5M | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $2.1M, expenses of $4.2M, and assets of $4.0M (revenue -95.1% year-over-year).
- 2020: Revenue of $43.2M, expenses of $67.7M, and assets of $8.5M (revenue -70.1% year-over-year).
- 2019: Revenue of $144.2M, expenses of $161.7M, and assets of $99.3M (revenue -8.1% year-over-year).
- 2018: Revenue of $156.8M, expenses of $172.9M, and assets of $114.1M (revenue +5.2% year-over-year).
- 2017: Revenue of $149.0M, expenses of $170.2M, and assets of $132.0M (revenue +0.8% year-over-year).
- 2016: Revenue of $147.9M, expenses of $144.5M, and assets of $136.9M (revenue +12.4% year-over-year).
- 2015: Revenue of $131.6M, expenses of $132.8M, and assets of $120.8M (revenue +3.4% year-over-year).
- 2014: Revenue of $127.2M, expenses of $127.1M, and assets of $125.8M (revenue +1.4% year-over-year).
- 2013: Revenue of $125.5M, expenses of $123.5M, and assets of $127.3M (revenue +2.4% year-over-year).
- 2012: Revenue of $122.5M, expenses of $125.8M, and assets of $126.8M (revenue -5.9% year-over-year).
- 2011: Revenue of $130.2M, expenses of $123.6M, and assets of $129.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Fmh Wind Down Company:
Data Sources and Methodology
This transparency report for Fmh Wind Down Company 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.