Ford Minority Dealers Association
EIN: 371656497 · Lathrup Vlg, MI · NTEE: S41
| Metric | Value |
|---|---|
| Total Revenue | $1.6M |
| Total Expenses | $1.0M |
| Net Assets | $1.3M |
Is Ford Minority Dealers Association Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Ford Minority Dealers Association
Ford Minority Dealers Association (EIN: 371656497) is a nonprofit organization based in Lathrup Vlg, MI, classified under NTEE code S41. The organization reported total revenue of $1.6M and total assets of $1.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ford Minority Dealers Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ford Minority Dealers Association is a mid-size nonprofit that has been operating for 11 years, with 10 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of 9.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.5M |
| Total Expenses | $1.0M |
| Surplus / Deficit | +$415K |
| Total Assets | $1.3M |
| Total Liabilities | $11K |
| Net Assets | $1.3M |
| Operating Margin | 28.4% |
| Debt-to-Asset Ratio | 0.8% |
| Months of Reserves | 15.4 months |
Financial Health Grade: A
In 2023, Ford Minority Dealers Association reported a surplus of $415K with revenue exceeding expenses, holds 15.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.8% (very low leverage).
Financial Trends
Over 10 years of filings (2014–2023), Ford Minority Dealers Association's revenue has grown at a compound annual growth rate (CAGR) of 9.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +75.0% | +5.2% | +50.7% |
| 2022 | +19.9% | +20.2% | -15.1% |
| 2021 | +14.6% | +64.6% | -8.9% |
| 2020 | -23.9% | -36.0% | +12.3% |
| 2019 | -7.9% | +4.7% | +1.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Ford Minority Dealers Association has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Ford Minority Dealers Association with a Mission Score of 0 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $415K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.8%.
Frequently Asked Questions about Ford Minority Dealers Association
Is Ford Minority Dealers Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Ford Minority Dealers Association (EIN: 371656497) insufficient data. 0 red flags identified, 0 strengths noted.
How does Ford Minority Dealers Association spend its money?
Detailed spending breakdown data is not yet available for Ford Minority Dealers Association. Check back for updated IRS 990 analysis.
Are donations to Ford Minority Dealers Association tax-deductible?
Ford Minority Dealers Association is registered as a tax-exempt nonprofit (EIN: 371656497). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Ford Minority Dealers Association located?
Ford Minority Dealers Association is headquartered in Lathrup Vlg, Michigan and files with the IRS under EIN 371656497. It is classified under NTEE code S41.
How many years of IRS 990 filings does Ford Minority Dealers Association have?
Ford Minority Dealers Association has 10 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 $1.6M in total revenue.
Filing History
IRS 990 filing history for Ford Minority Dealers Association showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2014–2023), Ford Minority Dealers Association's revenue has grown by 120.4%, moving from $663K to $1.5M. Total assets increased by 183.8% over the same period, from $473K to $1.3M. Total functional expenses rose by 95.1%, from $536K to $1.0M. In its most recent filing year (2023), Ford Minority Dealers Association reported a surplus of $415K, with revenue exceeding expenses. The organization holds $11K in liabilities against $1.3M in assets (debt-to-asset ratio: 0.8%), resulting in net assets of $1.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.5M | $1.0M | $1.3M | $11K | — | — |
| 2022 | $835K | $994K | $891K | $10K | — | — |
| 2021 | $697K | $827K | $1.0M | $9K | — | View 990 |
| 2020 | $608K | $503K | $1.2M | $13K | — | — |
| 2019 | $799K | $786K | $1.0M | $13K | — | View 990 |
| 2018 | $867K | $751K | $1.0M | $9K | — | View 990 |
| 2017 | $904K | $830K | $894K | $10K | — | — |
| 2016 | $839K | $725K | $847K | $36K | — | View 990 |
| 2015 | $831K | $605K | $701K | $5K | — | View 990 |
| 2014 | $663K | $536K | $473K | $4K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.5M, expenses of $1.0M, and assets of $1.3M (revenue +75.0% year-over-year).
- 2022: Revenue of $835K, expenses of $994K, and assets of $891K (revenue +19.9% year-over-year).
- 2021: Revenue of $697K, expenses of $827K, and assets of $1.0M (revenue +14.6% year-over-year).
- 2020: Revenue of $608K, expenses of $503K, and assets of $1.2M (revenue -23.9% year-over-year).
- 2019: Revenue of $799K, expenses of $786K, and assets of $1.0M (revenue -7.9% year-over-year).
- 2018: Revenue of $867K, expenses of $751K, and assets of $1.0M (revenue -4.1% year-over-year).
- 2017: Revenue of $904K, expenses of $830K, and assets of $894K (revenue +7.7% year-over-year).
- 2016: Revenue of $839K, expenses of $725K, and assets of $847K (revenue +1.0% year-over-year).
- 2015: Revenue of $831K, expenses of $605K, and assets of $701K (revenue +25.3% year-over-year).
- 2014: Revenue of $663K, expenses of $536K, and assets of $473K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ford Minority Dealers Association:
Data Sources and Methodology
This transparency report for Ford Minority Dealers Association 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.