Monroe And Florence Nash Foundation Inc

Monroe And Florence Nash Foundation Inc. experiences consistent asset decline and operates at a deficit in recent years.

EIN: 136888050 · Woodbridge, CT · Updated: 2026-03-28

$98KRevenue

$258KAssets

65/100Mission Score (Good)

About Monroe And Florence Nash Foundation Inc

Monroe And Florence Nash Foundation Inc (EIN: 136888050) is a nonprofit organization based in Woodbridge, CT. The organization reported total revenue of $98K and total assets of $258K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Monroe And Florence Nash Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Monroe And Florence Nash Foundation Inc. appears to be a small private foundation, as indicated by its consistent revenue and expense patterns, and the absence of officer compensation. The organization's assets have shown a steady decline over the past decade, from $418,248 in 2011 to $268,175 in 2023, suggesting it may be spending down its endowment or experiencing investment losses that outpace its revenue. In 2023, the foundation reported revenue of $2,645 against expenses of $32,069, indicating a significant deficit for the year. This trend of expenses exceeding revenue is common across many of its reported periods, raising questions about its long-term financial sustainability if this pattern continues without substantial new funding or asset growth.

Given the available data, it's challenging to fully assess spending efficiency without a detailed breakdown of program service expenses versus administrative and fundraising costs. However, the consistent lack of officer compensation suggests a lean operational structure at the top. The foundation's transparency is generally good through its public 990 filings, which consistently report financial figures. The absence of liabilities, with only $1 reported in 2023 and 2022, indicates a healthy balance sheet in terms of debt, but the declining asset base warrants attention.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Monroe And Florence Nash Foundation Inc 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: 20%
programs: 70%
fundraising: 10%

According to IRS 990 filings, Monroe And Florence Nash Foundation Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that the organization's officers are likely volunteers or compensated through other means not reported as officer compensation, which is typical for small foundations.

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 Monroe And Florence Nash Foundation Inc's IRS 990 filings:

Consistent decline in total assets over the past decade, from $418,248 in 2011 to $268,175 in 2023.
Expenses frequently exceed revenue, as seen in 2023 where expenses were $32,069 against revenue of $2,645, indicating operational deficits.

Strengths

The following positive indicators were identified for Monroe And Florence Nash Foundation Inc:

Zero officer compensation reported across all filings, suggesting volunteer leadership or very lean administrative costs at the executive level.
Minimal to no liabilities reported, with only $1 in 2023 and 2022, indicating a healthy balance sheet free of significant debt.

Frequently Asked Questions about Monroe And Florence Nash Foundation Inc

Is Monroe And Florence Nash Foundation Inc. financially sustainable?

The foundation's financial sustainability is questionable given its consistent trend of expenses exceeding revenue and a steady decline in assets from $418,248 in 2011 to $268,175 in 2023. For example, in 2023, expenses were $32,069 while revenue was only $2,645.

What is the primary purpose of the foundation's spending?

Without a detailed breakdown of expenses beyond total expenses, it's difficult to ascertain the primary purpose of spending. However, as a foundation, it likely makes grants to other organizations or individuals, which would fall under program services.

Why are assets declining over time?

The decline in assets, from $418,248 in 2011 to $268,175 in 2023, suggests that the foundation may be spending down its principal, experiencing investment losses, or a combination of both, where expenses consistently outpace investment returns and new revenue.

Filing History

IRS 990 filing history for Monroe And Florence Nash Foundation Inc showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2011–2023), Monroe And Florence Nash Foundation Inc's revenue has declined by 87%, moving from $20K to $3K. Total assets decreased by 35.9% over the same period, from $418K to $268K. Total functional expenses rose by 8.5%, from $30K to $32K. In its most recent filing year (2023), Monroe And Florence Nash Foundation Inc reported a deficit of $29K, with expenses exceeding revenue. The organization holds $1 in liabilities against $268K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $268K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$3K	$32K	$268K	$1	—	—
2022	$10K	$20K	$298K	$1	—	View 990
2021	$23K	$24K	$308K	$1	—	—
2020	$19K	$23K	$309K	$1	—	—
2019	$17K	$24K	$313K	$0	—	View 990
2015	$11K	$31K	$360K	$0	—	View 990
2014	$29K	$26K	$380K	$0	—	View 990
2013	$17K	$29K	$377K	$0	—	View 990
2012	$-1,945	$27K	$389K	$0	—	View 990
2011	$20K	$30K	$418K	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $3K, expenses of $32K, and assets of $268K (revenue -73.2% year-over-year).
2022: Revenue of $10K, expenses of $20K, and assets of $298K (revenue -57.5% year-over-year).
2021: Revenue of $23K, expenses of $24K, and assets of $308K (revenue +22.6% year-over-year).
2020: Revenue of $19K, expenses of $23K, and assets of $309K (revenue +11.6% year-over-year).
2019: Revenue of $17K, expenses of $24K, and assets of $313K (revenue +59.3% year-over-year).
2015: Revenue of $11K, expenses of $31K, and assets of $360K (revenue -63.3% year-over-year).
2014: Revenue of $29K, expenses of $26K, and assets of $380K (revenue +74.2% year-over-year).
2013: Revenue of $17K, expenses of $29K, and assets of $377K.
2012: Revenue of $-1,945, expenses of $27K, and assets of $389K (revenue -109.6% year-over-year).
2011: Revenue of $20K, expenses of $30K, and assets of $418K.

Data Sources and Methodology

This transparency report for Monroe And Florence Nash 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.