Martocci Memorial Foundation Inc
Martocci Memorial Foundation Inc consistently operates at a deficit with declining assets.
EIN: 141801944 · Natchez, MS · NTEE: T90Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $92 |
| Total Expenses | $150 |
| Program Spending | 50% |
| Net Assets | $1K |
| Transparency Score | 30/100 |
Is Martocci Memorial Foundation Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Martocci Memorial Foundation Inc directs 50% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Martocci Memorial Foundation Inc
Martocci Memorial Foundation Inc (EIN: 141801944) is a nonprofit organization based in Natchez, MS, classified under NTEE code T90Z. The organization reported total revenue of $92 and total assets of $1K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Martocci Memorial Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Martocci Memorial Foundation Inc is a micro nonprofit that has been operating for 28 years, with 7 years of IRS 990 filings on record (2011–2020).
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $92 |
| Total Expenses | $150 |
| Surplus / Deficit | $-58 |
| Total Assets | $1K |
| Total Liabilities | $1 |
| Net Assets | $1K |
| Operating Margin | -63.0% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 119.8 months |
Financial Health Grade: B
In 2020, Martocci Memorial Foundation Inc reported a deficit of $58 with expenses exceeding revenue, holds 119.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | -33.3% | -51.3% | -3.7% |
| 2015 | -100.0% | -50.0% | -14.1% |
| 2014 | +3.5% | +0.0% | -0.9% |
| 2013 | +28.4% | +50.0% | +26.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1998 |
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 Martocci Memorial Foundation Inc with a Mission Score of 30 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 40%
- programs: 50%
- fundraising: 10%
According to IRS 990 filings, Martocci Memorial Foundation Inc allocates its expenses as follows: admin: 40%, programs: 50%, fundraising: 10%. Approximately 50% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $58, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating that no officers are receiving salaries, which is appropriate for an organization of this extremely small size and financial capacity.
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 Martocci Memorial Foundation Inc's IRS 990 filings:
- Consistent operating deficits (e.g., $92 revenue vs. $150 expenses in 202012)
- Significant decline in assets over time (from $7,333 in 201412 to $1,498 in 202012)
- Very low revenue generation, indicating limited financial support or activity.
Strengths
The following positive indicators were identified for Martocci Memorial Foundation Inc:
- Zero officer compensation reported, indicating no personal financial gain for leadership.
- Consistent filing of IRS 990 forms, demonstrating a commitment to transparency.
Frequently Asked Questions about Martocci Memorial Foundation Inc
Is Martocci Memorial Foundation Inc a legitimate charity?
Martocci Memorial Foundation Inc (EIN: 141801944) is a registered tax-exempt nonprofit based in Mississippi. Our AI analysis gives it a Mission Score of 30/100. It has 7 years of IRS 990 filings on record. Total revenue: $92. 3 red flags identified. 2 strengths noted. Financial health grade: B.
How does Martocci Memorial Foundation Inc spend its money?
Martocci Memorial Foundation Inc directs 50% of its spending to programs and services. Fundraising costs 10%. This falls below the 65% benchmark.
Are donations to Martocci Memorial Foundation Inc tax-deductible?
Martocci Memorial Foundation Inc is registered as a tax-exempt nonprofit (EIN: 141801944). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Martocci Memorial Foundation Inc's spending goes to programs?
Martocci Memorial Foundation Inc directs 50% to programs, 10% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
How does Martocci Memorial Foundation Inc compare to similar nonprofits?
With a transparency score of 30/100 (Poor), Martocci Memorial Foundation Inc is below average for NTEE category T90Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Martocci Memorial Foundation Inc located?
Martocci Memorial Foundation Inc is headquartered in Natchez, Mississippi and files with the IRS under EIN 141801944. It is classified under NTEE code T90Z.
How many years of IRS 990 filings does Martocci Memorial Foundation Inc have?
Martocci Memorial Foundation Inc has 7 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 $92 in total revenue.
Is Martocci Memorial Foundation Inc financially sustainable?
Based on the consistent pattern of expenses exceeding revenue (e.g., $150 expenses vs. $92 revenue in 202012) and declining assets (from $7,333 in 201412 to $1,498 in 202012), the organization's financial sustainability is questionable.
What are the primary activities of Martocci Memorial Foundation Inc given its small size?
With reported revenues consistently under $150 and assets under $1,500 in recent years, the organization's operational scope is likely very limited, possibly involving minimal programmatic activities or being largely inactive.
Filing History
IRS 990 filing history for Martocci Memorial Foundation Inc showing financial trends over 7 years of public records:
Total assets decreased by 75.2% over the same period, from $6K to $1K. Total functional expenses fell by 62.5%, from $400 to $150. In its most recent filing year (2020), Martocci Memorial Foundation Inc reported a deficit of $58, with expenses exceeding revenue. The organization holds $1 in liabilities against $1K in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $1K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $92 | $150 | $1K | $1 | — | — |
| 2019 | $138 | $308 | $2K | $1 | — | View 990 |
| 2015 | $0 | $300 | $6K | $0 | — | View 990 |
| 2014 | $89 | $600 | $7K | $0 | — | View 990 |
| 2013 | $86 | $600 | $7K | $0 | — | View 990 |
| 2012 | $67 | $400 | $6K | $0 | — | View 990 |
| 2011 | $-584 | $400 | $6K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $92, expenses of $150, and assets of $1K (revenue -33.3% year-over-year).
- 2019: Revenue of $138, expenses of $308, and assets of $2K.
- 2015: Revenue of $0, expenses of $300, and assets of $6K (revenue -100.0% year-over-year).
- 2014: Revenue of $89, expenses of $600, and assets of $7K (revenue +3.5% year-over-year).
- 2013: Revenue of $86, expenses of $600, and assets of $7K (revenue +28.4% year-over-year).
- 2012: Revenue of $67, expenses of $400, and assets of $6K.
- 2011: Revenue of $-584, expenses of $400, and assets of $6K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Martocci Memorial Foundation Inc:
Data Sources and Methodology
This transparency report for Martocci Memorial Foundation 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.