Frisco Athletic Networkincorporated
Frisco Athletic Network faces declining revenue and significant liabilities, with assets sharply decreasing in 2020.
EIN: 204927911 · Frisco, TX · NTEE: O50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $999K |
| Total Expenses | $1.1M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $-176,435 |
| Transparency Score | 65/100 |
Is Frisco Athletic Networkincorporated Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Frisco Athletic Networkincorporated directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Frisco Athletic Networkincorporated
Frisco Athletic Networkincorporated (EIN: 204927911) is a nonprofit organization based in Frisco, TX, classified under NTEE code O50. The organization reported total revenue of $999K and total assets of $25K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Frisco Athletic Networkincorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Frisco Athletic Networkincorporated is a small nonprofit that has been operating for 12 years, with 12 years of IRS 990 filings on record (2008–2020). Revenue has grown at a compound annual rate of 8.4%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $995K |
| Total Expenses | $1.1M |
| Surplus / Deficit | $-58,051 |
| Total Assets | $25K |
| Total Liabilities | $202K |
| Net Assets | $-176,435 |
| Operating Margin | -5.8% |
| Debt-to-Asset Ratio | 801.8% |
| Months of Reserves | 0.3 months |
Financial Health Grade: D
In 2020, Frisco Athletic Networkincorporated reported a deficit of $58K with expenses exceeding revenue, holds 0.3 months of operating reserves (limited), has a debt-to-asset ratio of 801.8% (high leverage).
Financial Trends
Over 12 years of filings (2008–2020), Frisco Athletic Networkincorporated's revenue has grown at a compound annual growth rate (CAGR) of 8.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | -28.1% | -27.4% | -89.9% |
| 2019 | -11.9% | -8.8% | -17.3% |
| 2018 | -14.5% | -13.4% | +34.4% |
| 2017 | -14.5% | -17.0% | -21.8% |
| 2016 | -1.0% | -6.5% | -2.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
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 Frisco Athletic Networkincorporated with a Mission Score of 65 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: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Frisco Athletic Networkincorporated allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $58K, with expenses exceeding revenue.
- Debt-to-asset ratio: 801.8%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no officers received compensation, which is highly favorable for an organization of its size with revenues approaching $1 million.
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 Frisco Athletic Networkincorporated's IRS 990 filings:
- Consistent operating deficits, with expenses exceeding revenue in most recent years (e.g., 2020: $995,274 revenue vs. $1,053,325 expenses).
- Sharp decline in assets from $249,596 in 2019 to $25,139 in 2020.
- High liabilities relative to assets ($201,574 liabilities vs. $25,139 assets in 2020).
- Significant and sustained decline in revenue over the past five years, from over $2 million to under $1 million.
Strengths
The following positive indicators were identified for Frisco Athletic Networkincorporated:
- Consistent reporting of 0% officer compensation across all available filings, indicating efficient use of funds in this area.
- Long filing history (12 filings), suggesting consistent compliance with IRS reporting requirements.
Frequently Asked Questions about Frisco Athletic Networkincorporated
Is Frisco Athletic Networkincorporated a legitimate charity?
Frisco Athletic Networkincorporated (EIN: 204927911) is a registered tax-exempt nonprofit based in Texas. Our AI analysis gives it a Mission Score of 65/100. It has 12 years of IRS 990 filings on record. Total revenue: $999K. 4 red flags identified. 2 strengths noted. Financial health grade: D.
How does Frisco Athletic Networkincorporated spend its money?
Frisco Athletic Networkincorporated directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Frisco Athletic Networkincorporated tax-deductible?
Frisco Athletic Networkincorporated is registered as a tax-exempt nonprofit (EIN: 204927911). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Frisco Athletic Networkincorporated CEO make?
Frisco Athletic Networkincorporated's highest-compensated officer earns $1 annually. The organization reported $999K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Frisco Athletic Networkincorporated's spending goes to programs?
Frisco Athletic Networkincorporated directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Frisco Athletic Networkincorporated compare to similar nonprofits?
With a transparency score of 65/100 (Good), Frisco Athletic Networkincorporated is above average for NTEE category O50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Frisco Athletic Networkincorporated located?
Frisco Athletic Networkincorporated is headquartered in Frisco, Texas and files with the IRS under EIN 204927911. It is classified under NTEE code O50.
How many years of IRS 990 filings does Frisco Athletic Networkincorporated have?
Frisco Athletic Networkincorporated has 12 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 $999K in total revenue.
Is Frisco Athletic Network a good charity?
While the organization demonstrates a commitment to minimizing executive compensation (0% reported), its financial health shows significant red flags, including consistent operating deficits and a sharp decline in assets, which could impact its long-term ability to deliver on its mission.
Why are assets so low compared to liabilities?
In 2020, Frisco Athletic Network reported assets of $25,139 against liabilities of $201,574. This indicates a highly leveraged financial position where liabilities significantly outweigh assets, suggesting potential solvency issues.
What caused the significant drop in revenue?
Revenue has steadily declined from $2,168,098 in 2015 to $995,274 in 2020. The IRS 990 data alone does not specify the exact causes, but such a sustained decline warrants further investigation into funding sources, program changes, or external factors.
Filing History
IRS 990 filing history for Frisco Athletic Networkincorporated showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2008–2020), Frisco Athletic Networkincorporated's revenue has grown by 161.9%, moving from $380K to $995K. Total assets decreased by 57.9% over the same period, from $60K to $25K. Total functional expenses rose by 127%, from $464K to $1.1M. In its most recent filing year (2020), Frisco Athletic Networkincorporated reported a deficit of $58K, with expenses exceeding revenue. The organization holds $202K in liabilities against $25K in assets (debt-to-asset ratio: 801.8%), resulting in net assets of $-176,435.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $995K | $1.1M | $25K | $202K | — | View 990 |
| 2019 | $1.4M | $1.5M | $250K | $368K | — | View 990 |
| 2018 | $1.6M | $1.6M | $302K | $353K | — | View 990 |
| 2017 | $1.8M | $1.8M | $224K | $255K | — | View 990 |
| 2016 | $2.1M | $2.2M | $287K | $307K | — | View 990 |
| 2015 | $2.2M | $2.4M | $293K | $255K | — | View 990 |
| 2014 | $1.3M | $1.2M | $365K | $169K | — | View 990 |
| 2013 | $1.4M | $1.5M | $372K | $258K | — | View 990 |
| 2011 | $806K | $656K | $285K | $113K | — | View 990 |
| 2010 | $407K | $398K | $255K | $233K | — | View 990 |
| 2009 | $337K | $352K | $50K | $38K | — | View 990 |
| 2008 | $380K | $464K | $60K | $24K | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $995K, expenses of $1.1M, and assets of $25K (revenue -28.1% year-over-year).
- 2019: Revenue of $1.4M, expenses of $1.5M, and assets of $250K (revenue -11.9% year-over-year).
- 2018: Revenue of $1.6M, expenses of $1.6M, and assets of $302K (revenue -14.5% year-over-year).
- 2017: Revenue of $1.8M, expenses of $1.8M, and assets of $224K (revenue -14.5% year-over-year).
- 2016: Revenue of $2.1M, expenses of $2.2M, and assets of $287K (revenue -1.0% year-over-year).
- 2015: Revenue of $2.2M, expenses of $2.4M, and assets of $293K (revenue +70.2% year-over-year).
- 2014: Revenue of $1.3M, expenses of $1.2M, and assets of $365K (revenue -9.5% year-over-year).
- 2013: Revenue of $1.4M, expenses of $1.5M, and assets of $372K (revenue +74.5% year-over-year).
- 2011: Revenue of $806K, expenses of $656K, and assets of $285K (revenue +97.8% year-over-year).
- 2010: Revenue of $407K, expenses of $398K, and assets of $255K (revenue +21.0% year-over-year).
- 2009: Revenue of $337K, expenses of $352K, and assets of $50K (revenue -11.4% year-over-year).
- 2008: Revenue of $380K, expenses of $464K, and assets of $60K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Frisco Athletic Networkincorporated:
Data Sources and Methodology
This transparency report for Frisco Athletic Networkincorporated 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.