Fulmont Community Action Agency Inc
Fulmont Community Action Agency Inc consistently operates near break-even with no reported officer compensation.
EIN: 141493100 · Fonda, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.9M |
| Total Expenses | $6.0M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $5 |
| Net Assets | $674K |
| Transparency Score | 80/100 |
Is Fulmont Community Action Agency Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Fulmont Community Action Agency Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Fulmont Community Action Agency Inc
Fulmont Community Action Agency Inc (EIN: 141493100) is a nonprofit organization based in Fonda, NY. The organization reported total revenue of $5.9M and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fulmont Community Action Agency Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fulmont Community Action Agency Inc is a mid-size nonprofit that has been operating for 46 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.7M |
| Total Expenses | $6.0M |
| Surplus / Deficit | $-290,191 |
| Total Assets | $1.3M |
| Total Liabilities | $675K |
| Net Assets | $674K |
| Operating Margin | -5.1% |
| Debt-to-Asset Ratio | 50.0% |
| Months of Reserves | 2.7 months |
Financial Health Grade: D
In 2023, Fulmont Community Action Agency Inc reported a deficit of $290K with expenses exceeding revenue, holds 2.7 months of operating reserves (limited), has a debt-to-asset ratio of 50.0% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Fulmont Community Action Agency Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.3% | +1.8% | -22.5% |
| 2022 | +15.6% | +16.2% | +40.4% |
| 2021 | +0.1% | -2.7% | +8.9% |
| 2020 | -3.4% | -4.7% | +19.1% |
| 2019 | +1.6% | +0.9% | +0.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1980 |
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 Fulmont Community Action Agency Inc with a Mission Score of 80 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, Fulmont Community Action Agency 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 $290K, with expenses exceeding revenue.
- Debt-to-asset ratio: 50.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size with annual revenues exceeding $5 million. This suggests either an entirely volunteer executive leadership, or that compensation is categorized differently within the financial statements, warranting further investigation for full transparency.
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 Fulmont Community Action Agency Inc's IRS 990 filings:
- Consistent 0% officer compensation reported, which is unusual for an organization of this size and could indicate a lack of transparency in how leadership is compensated or structured.
- Expenses frequently exceed revenue by small margins (e.g., $6,024,925 expenses vs. $5,734,734 revenue in 2023), suggesting tight operational budgeting that could lead to reliance on reserves or future funding.
Strengths
The following positive indicators were identified for Fulmont Community Action Agency Inc:
- Consistent financial reporting with 13 filings, demonstrating strong compliance and transparency.
- Stable revenue base, consistently operating between $4 million and $6 million annually over the past decade.
- Healthy asset-to-liability ratio, indicating strong financial solvency (e.g., $1,349,088 assets vs. $674,703 liabilities in 2023).
- Operational efficiency suggested by expenses closely tracking revenues, indicating resources are being utilized for current operations.
Frequently Asked Questions about Fulmont Community Action Agency Inc
Is Fulmont Community Action Agency Inc a legitimate charity?
Fulmont Community Action Agency Inc (EIN: 141493100) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 80/100. It has 13 years of IRS 990 filings on record. Total revenue: $5.9M. 2 red flags identified. 4 strengths noted. Financial health grade: D.
How does Fulmont Community Action Agency Inc spend its money?
Fulmont Community Action Agency Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Fulmont Community Action Agency Inc tax-deductible?
Fulmont Community Action Agency Inc is registered as a tax-exempt nonprofit (EIN: 141493100). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Fulmont Community Action Agency Inc CEO make?
Fulmont Community Action Agency Inc's highest-compensated officer earns $5 annually. The organization reported $5.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Fulmont Community Action Agency Inc's spending goes to programs?
Fulmont Community Action Agency Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Fulmont Community Action Agency Inc located?
Fulmont Community Action Agency Inc is headquartered in Fonda, New York and files with the IRS under EIN 141493100.
How many years of IRS 990 filings does Fulmont Community Action Agency Inc have?
Fulmont Community Action Agency 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 $5.9M in total revenue.
Is Fulmont Community Action Agency Inc financially stable?
Yes, the organization appears financially stable. While expenses occasionally exceed revenue by a small margin (e.g., $6,024,925 expenses vs. $5,734,734 revenue in 2023), its assets consistently outweigh liabilities (e.g., $1,349,088 assets vs. $674,703 liabilities in 2023), indicating a healthy balance sheet.
How does Fulmont Community Action Agency Inc manage executive compensation?
All available IRS 990 filings for Fulmont Community Action Agency Inc report 0% officer compensation. This is a significant finding, suggesting that executive leadership may be entirely volunteer-based or compensated through non-officer categories, which is uncommon for an organization of this scale.
What is the trend in the organization's revenue and expenses?
Over the past decade, Fulmont Community Action Agency Inc has maintained a relatively stable revenue stream, generally fluctuating between $4 million and $6 million annually. Expenses have closely mirrored revenues, often resulting in near break-even operations or slight deficits, such as the $290,191 deficit in 2023.
Are there any concerns regarding the organization's liabilities?
No, the organization's liabilities appear well-managed. For example, in 2023, liabilities were $674,703, which is significantly less than its assets of $1,349,088, indicating a strong ability to cover its debts.
Filing History
IRS 990 filing history for Fulmont Community Action Agency Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Fulmont Community Action Agency Inc's revenue has grown by 5.4%, moving from $5.4M to $5.7M. Total assets decreased by 18.8% over the same period, from $1.7M to $1.3M. Total functional expenses rose by 13.7%, from $5.3M to $6.0M. In its most recent filing year (2023), Fulmont Community Action Agency Inc reported a deficit of $290K, with expenses exceeding revenue. The organization holds $675K in liabilities against $1.3M in assets (debt-to-asset ratio: 50.0%), resulting in net assets of $674K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.7M | $6.0M | $1.3M | $675K | — | View 990 |
| 2022 | $6.1M | $5.9M | $1.7M | $776K | — | View 990 |
| 2021 | $5.3M | $5.1M | $1.2M | $479K | — | View 990 |
| 2020 | $5.3M | $5.2M | $1.1M | $579K | — | View 990 |
| 2019 | $5.5M | $5.5M | $955K | $452K | — | View 990 |
| 2018 | $5.4M | $5.4M | $948K | $432K | — | View 990 |
| 2017 | $5.3M | $5.2M | $1.1M | $493K | — | View 990 |
| 2016 | $5.0M | $5.0M | $995K | $489K | — | View 990 |
| 2015 | $5.0M | $5.0M | $1.0M | $573K | — | View 990 |
| 2014 | $4.1M | $4.2M | $956K | $457K | — | View 990 |
| 2013 | $4.4M | $4.6M | $973K | $415K | — | View 990 |
| 2012 | $5.9M | $6.1M | $1.2M | $443K | — | View 990 |
| 2011 | $5.4M | $5.3M | $1.7M | $725K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.7M, expenses of $6.0M, and assets of $1.3M (revenue -6.3% year-over-year).
- 2022: Revenue of $6.1M, expenses of $5.9M, and assets of $1.7M (revenue +15.6% year-over-year).
- 2021: Revenue of $5.3M, expenses of $5.1M, and assets of $1.2M (revenue +0.1% year-over-year).
- 2020: Revenue of $5.3M, expenses of $5.2M, and assets of $1.1M (revenue -3.4% year-over-year).
- 2019: Revenue of $5.5M, expenses of $5.5M, and assets of $955K (revenue +1.6% year-over-year).
- 2018: Revenue of $5.4M, expenses of $5.4M, and assets of $948K (revenue +2.4% year-over-year).
- 2017: Revenue of $5.3M, expenses of $5.2M, and assets of $1.1M (revenue +4.2% year-over-year).
- 2016: Revenue of $5.0M, expenses of $5.0M, and assets of $995K (revenue +1.5% year-over-year).
- 2015: Revenue of $5.0M, expenses of $5.0M, and assets of $1.0M (revenue +19.9% year-over-year).
- 2014: Revenue of $4.1M, expenses of $4.2M, and assets of $956K (revenue -5.0% year-over-year).
- 2013: Revenue of $4.4M, expenses of $4.6M, and assets of $973K (revenue -26.6% year-over-year).
- 2012: Revenue of $5.9M, expenses of $6.1M, and assets of $1.2M (revenue +9.3% year-over-year).
- 2011: Revenue of $5.4M, expenses of $5.3M, and assets of $1.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Fulmont Community Action Agency Inc:
Data Sources and Methodology
This transparency report for Fulmont Community Action Agency 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.