Footwear Distributors & Retailers Of America
Footwear Distributors & Retailers Of America shows revenue growth but recent operating deficits.
EIN: 131506929 · Washington, DC · Updated: 2026-03-28
Is Footwear Distributors & Retailers Of America Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Footwear Distributors & Retailers Of America directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Footwear Distributors & Retailers Of America
Footwear Distributors & Retailers Of America (EIN: 131506929) is a nonprofit organization based in Washington, DC. The organization reported total revenue of $4.5M and total assets of $2.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Footwear Distributors & Retailers Of America's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Footwear Distributors & Retailers Of America is a mid-size nonprofit that has been operating for 55 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.0M |
| Total Expenses | $4.5M |
| Surplus / Deficit | $-456,737 |
| Total Assets | $2.9M |
| Total Liabilities | $693K |
| Net Assets | $2.2M |
| Operating Margin | -11.4% |
| Debt-to-Asset Ratio | 23.9% |
| Months of Reserves | 7.8 months |
Financial Health Grade: B
In 2023, Footwear Distributors & Retailers Of America reported a deficit of $457K with expenses exceeding revenue, holds 7.8 months of operating reserves (strong position), has a debt-to-asset ratio of 23.9% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Footwear Distributors & Retailers Of America's revenue has grown at a compound annual growth rate (CAGR) of 10.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.2% | +14.4% | -6.5% |
| 2022 | +20.9% | +51.0% | -11.6% |
| 2021 | +26.8% | +18.8% | +25.3% |
| 2020 | -11.7% | -17.5% | +24.5% |
| 2019 | +24.3% | +24.4% | +3.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1971 |
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 Footwear Distributors & Retailers Of America with a Mission Score of 75 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Footwear Distributors & Retailers Of America allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $457K, with expenses exceeding revenue.
- Debt-to-asset ratio: 23.9%.
Executive Compensation Analysis
The provided data consistently shows 0% officer compensation across all filings, which is unusual for an organization of this size with annual revenues exceeding $4 million. This either indicates that executive compensation is not reported under 'Officer Comp' in the provided summary or that the organization operates with unpaid leadership.
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 Footwear Distributors & Retailers Of America's IRS 990 filings:
- Operating deficits in the last two reported fiscal periods (2022 and 2023), where expenses exceeded revenue.
- Consistent reporting of 0% officer compensation, which may indicate incomplete data or an unusual compensation structure for an organization of this size.
Strengths
The following positive indicators were identified for Footwear Distributors & Retailers Of America:
- Consistent revenue growth over the past decade, from $1.58M in 2014 to $4.00M in 2023.
- Strong asset base, growing from $1.28M in 2014 to $2.90M in 2023, indicating financial stability.
- History of positive net income in several periods, such as 2021 ($477,260 surplus) and 2020 ($240,445 surplus).
Frequently Asked Questions about Footwear Distributors & Retailers Of America
Is Footwear Distributors & Retailers Of America a legitimate charity?
Based on AI analysis of IRS 990 filings, Footwear Distributors & Retailers Of America (EIN: 131506929) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Footwear Distributors & Retailers Of America spend its money?
Footwear Distributors & Retailers Of America directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Footwear Distributors & Retailers Of America tax-deductible?
Footwear Distributors & Retailers Of America is registered as a tax-exempt nonprofit (EIN: 131506929). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Why has the organization experienced operating deficits in 2022 and 2023?
In 2022, expenses ($3,898,219) exceeded revenue ($3,697,615), and in 2023, expenses ($4,458,665) again exceeded revenue ($4,001,928). Understanding the specific drivers of these increased expenses relative to revenue would be crucial for assessing financial sustainability.
What is the actual executive compensation for Footwear Distributors & Retailers Of America?
The provided data consistently reports 0% for 'Officer Comp'. Further investigation into the full IRS 990 forms would be necessary to determine if executive compensation is reported elsewhere or if leadership is indeed unpaid.
How does the organization plan to address the recent trend of expenses exceeding revenue?
With expenses surpassing revenue in the last two reported periods (2022 and 2023), the organization's strategy for managing costs or increasing revenue streams is a key question for its long-term financial health.
Filing History
IRS 990 filing history for Footwear Distributors & Retailers Of America showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Footwear Distributors & Retailers Of America's revenue has grown by 241%, moving from $1.2M to $4.0M. Total assets increased by 151.6% over the same period, from $1.2M to $2.9M. Total functional expenses rose by 280.8%, from $1.2M to $4.5M. In its most recent filing year (2023), Footwear Distributors & Retailers Of America reported a deficit of $457K, with expenses exceeding revenue. The organization holds $693K in liabilities against $2.9M in assets (debt-to-asset ratio: 23.9%), resulting in net assets of $2.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.0M | $4.5M | $2.9M | $693K | — | — |
| 2022 | $3.7M | $3.9M | $3.1M | $513K | — | View 990 |
| 2021 | $3.1M | $2.6M | $3.5M | $647K | — | View 990 |
| 2020 | $2.4M | $2.2M | $2.8M | $452K | — | View 990 |
| 2019 | $2.7M | $2.6M | $2.2M | $205K | — | — |
| 2018 | $2.2M | $2.1M | $2.2M | $353K | — | View 990 |
| 2017 | $2.2M | $2.1M | $2.0M | $220K | — | View 990 |
| 2016 | $2.1M | $1.8M | $1.7M | $89K | — | View 990 |
| 2015 | $1.9M | $1.7M | $1.5M | $194K | — | View 990 |
| 2014 | $1.6M | $1.4M | $1.3M | $143K | — | View 990 |
| 2013 | $1.3M | $1.3M | $1.1M | $99K | — | View 990 |
| 2012 | $1.2M | $1.2M | $1.0M | $48K | — | View 990 |
| 2011 | $1.2M | $1.2M | $1.2M | $131K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.0M, expenses of $4.5M, and assets of $2.9M (revenue +8.2% year-over-year).
- 2022: Revenue of $3.7M, expenses of $3.9M, and assets of $3.1M (revenue +20.9% year-over-year).
- 2021: Revenue of $3.1M, expenses of $2.6M, and assets of $3.5M (revenue +26.8% year-over-year).
- 2020: Revenue of $2.4M, expenses of $2.2M, and assets of $2.8M (revenue -11.7% year-over-year).
- 2019: Revenue of $2.7M, expenses of $2.6M, and assets of $2.2M (revenue +24.3% year-over-year).
- 2018: Revenue of $2.2M, expenses of $2.1M, and assets of $2.2M (revenue -1.1% year-over-year).
- 2017: Revenue of $2.2M, expenses of $2.1M, and assets of $2.0M (revenue +7.5% year-over-year).
- 2016: Revenue of $2.1M, expenses of $1.8M, and assets of $1.7M (revenue +9.5% year-over-year).
- 2015: Revenue of $1.9M, expenses of $1.7M, and assets of $1.5M (revenue +19.5% year-over-year).
- 2014: Revenue of $1.6M, expenses of $1.4M, and assets of $1.3M (revenue +22.5% year-over-year).
- 2013: Revenue of $1.3M, expenses of $1.3M, and assets of $1.1M (revenue +8.2% year-over-year).
- 2012: Revenue of $1.2M, expenses of $1.2M, and assets of $1.0M (revenue +1.6% year-over-year).
- 2011: Revenue of $1.2M, expenses of $1.2M, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Footwear Distributors & Retailers Of America:
Data Sources and Methodology
This transparency report for Footwear Distributors & Retailers Of America 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.