Formation Counseling Services Inc
Formation Counseling Services Inc. shows stable operations with recent minor deficits and no reported officer compensation.
EIN: 141912128 · Albuquerque, NM · NTEE: F30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.8M |
| Total Expenses | $1.9M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $1.8 |
| Net Assets | $449K |
| Transparency Score | 85/100 |
Is Formation Counseling Services Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Formation Counseling Services Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Formation Counseling Services Inc
Formation Counseling Services Inc (EIN: 141912128) is a nonprofit organization based in Albuquerque, NM, classified under NTEE code F30. The organization reported total revenue of $1.8M and total assets of $344K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Formation Counseling Services Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Formation Counseling Services Inc is a mid-size 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 7.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.8M |
| Total Expenses | $1.9M |
| Surplus / Deficit | $-90,588 |
| Total Assets | $452K |
| Total Liabilities | $4K |
| Net Assets | $449K |
| Operating Margin | -4.9% |
| Debt-to-Asset Ratio | 0.9% |
| Months of Reserves | 2.8 months |
Financial Health Grade: C
In 2023, Formation Counseling Services Inc reported a deficit of $91K with expenses exceeding revenue, holds 2.8 months of operating reserves (limited), has a debt-to-asset ratio of 0.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Formation Counseling Services Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.1% | +0.5% | -17.2% |
| 2022 | -15.7% | -3.3% | -10.0% |
| 2021 | +20.8% | +19.4% | -6.3% |
| 2020 | +12.8% | +9.3% | +168.7% |
| 2019 | +4.9% | -0.2% | +79.4% |
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 Formation Counseling Services Inc with a Mission Score of 85 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Formation Counseling Services Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $91K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.9%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization with annual revenues exceeding $1.8 million. This could indicate a volunteer executive team or that compensation is categorized differently, requiring deeper scrutiny for a complete understanding of executive remuneration.
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 Formation Counseling Services Inc's IRS 990 filings:
- Unusually low (0%) reported officer compensation, which may obscure actual executive remuneration.
- Recent trend of expenses slightly exceeding revenue (2022 and 2023), leading to asset reduction.
Strengths
The following positive indicators were identified for Formation Counseling Services Inc:
- Consistent IRS 990 filing history, indicating good compliance and transparency.
- Generally stable financial operations over a decade, with revenues consistently in the multi-million dollar range.
- Low liabilities relative to assets in most periods, indicating good financial solvency.
- No reported officer compensation, which could imply a highly efficient or volunteer-driven leadership structure.
Frequently Asked Questions about Formation Counseling Services Inc
Is Formation Counseling Services Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Formation Counseling Services Inc (EIN: 141912128) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Formation Counseling Services Inc spend its money?
Formation Counseling Services Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Formation Counseling Services Inc tax-deductible?
Formation Counseling Services Inc is registered as a tax-exempt nonprofit (EIN: 141912128). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Formation Counseling Services Inc CEO make?
Formation Counseling Services Inc's highest-compensated officer earns $1.8 annually. The organization reported $1.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Formation Counseling Services Inc's spending goes to programs?
Formation Counseling Services Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Formation Counseling Services Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Formation Counseling Services Inc is above average for NTEE category F30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Formation Counseling Services Inc located?
Formation Counseling Services Inc is headquartered in Albuquerque, New Mexico and files with the IRS under EIN 141912128. It is classified under NTEE code F30.
How many years of IRS 990 filings does Formation Counseling Services Inc have?
Formation Counseling Services Inc has 13 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 $1.8M in total revenue.
How does Formation Counseling Services Inc. manage to operate with 0% reported officer compensation?
The consistent reporting of 0% officer compensation across all filings is highly unusual for an organization of this size. It suggests either a fully volunteer executive leadership, or that executive compensation is reported under other expense categories, which would require further investigation of their detailed financial statements to understand.
What caused the decrease in assets from $647,987 in 2020 to $452,396 in 2023?
The decrease in assets can be attributed to expenses exceeding revenues in the 2022 and 2023 fiscal periods. For example, in 2023, expenses were $1,927,287 against revenues of $1,836,699, resulting in a deficit that drew down reserves.
Is the organization's recent trend of expenses exceeding revenue a concern?
While the deficits in 2022 and 2023 are minor relative to total revenue (e.g., $90,588 deficit in 2023 on $1.8M revenue), a sustained trend could erode assets. However, given the organization's history of generally positive net income, it may be a temporary fluctuation rather than a systemic issue.
Filing History
IRS 990 filing history for Formation Counseling Services Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Formation Counseling Services Inc's revenue has grown by 136.5%, moving from $777K to $1.8M. Total assets increased by 212.9% over the same period, from $145K to $452K. Total functional expenses rose by 158.6%, from $745K to $1.9M. In its most recent filing year (2023), Formation Counseling Services Inc reported a deficit of $91K, with expenses exceeding revenue. The organization holds $4K in liabilities against $452K in assets (debt-to-asset ratio: 0.9%), resulting in net assets of $449K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.8M | $1.9M | $452K | $4K | — | — |
| 2022 | $1.9M | $1.9M | $546K | $7K | — | View 990 |
| 2021 | $2.2M | $2.0M | $607K | $6K | — | View 990 |
| 2020 | $1.8M | $1.7M | $648K | $264K | — | View 990 |
| 2019 | $1.6M | $1.5M | $241K | $18K | — | View 990 |
| 2018 | $1.5M | $1.5M | $134K | $5K | — | View 990 |
| 2017 | $1.4M | $1.5M | $133K | $20K | — | View 990 |
| 2016 | $1.3M | $1.3M | $149K | $18K | — | View 990 |
| 2015 | $1.1M | $1.2M | $138K | $12K | — | View 990 |
| 2014 | $928K | $893K | $208K | $4K | — | View 990 |
| 2013 | $902K | $902K | $171K | $2K | — | View 990 |
| 2012 | $884K | $857K | $171K | $2K | — | View 990 |
| 2011 | $777K | $745K | $145K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.8M, expenses of $1.9M, and assets of $452K (revenue -1.1% year-over-year).
- 2022: Revenue of $1.9M, expenses of $1.9M, and assets of $546K (revenue -15.7% year-over-year).
- 2021: Revenue of $2.2M, expenses of $2.0M, and assets of $607K (revenue +20.8% year-over-year).
- 2020: Revenue of $1.8M, expenses of $1.7M, and assets of $648K (revenue +12.8% year-over-year).
- 2019: Revenue of $1.6M, expenses of $1.5M, and assets of $241K (revenue +4.9% year-over-year).
- 2018: Revenue of $1.5M, expenses of $1.5M, and assets of $134K (revenue +7.0% year-over-year).
- 2017: Revenue of $1.4M, expenses of $1.5M, and assets of $133K (revenue +8.6% year-over-year).
- 2016: Revenue of $1.3M, expenses of $1.3M, and assets of $149K (revenue +25.2% year-over-year).
- 2015: Revenue of $1.1M, expenses of $1.2M, and assets of $138K (revenue +14.1% year-over-year).
- 2014: Revenue of $928K, expenses of $893K, and assets of $208K (revenue +2.8% year-over-year).
- 2013: Revenue of $902K, expenses of $902K, and assets of $171K (revenue +2.1% year-over-year).
- 2012: Revenue of $884K, expenses of $857K, and assets of $171K (revenue +13.8% year-over-year).
- 2011: Revenue of $777K, expenses of $745K, and assets of $145K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Formation Counseling Services Inc:
Data Sources and Methodology
This transparency report for Formation Counseling Services 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.