Morris Thomspon Cultural & Visitors Center

Morris Thompson Cultural & Visitors Center consistently operates at a deficit, drawing down assets despite stable revenue.

EIN: 201113317 · Fairbanks, AK · NTEE: A23 · Updated: 2026-03-28

$1.1MRevenue

$15.1MAssets

65/100Mission Score (Good)

A23

About Morris Thomspon Cultural & Visitors Center

Morris Thomspon Cultural & Visitors Center (EIN: 201113317) is a nonprofit organization based in Fairbanks, AK, classified under NTEE code A23. The organization reported total revenue of $1.1M and total assets of $15.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Morris Thomspon Cultural & Visitors Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Morris Thompson Cultural & Visitors Center demonstrates consistent financial operations, with annual revenues generally ranging between $800,000 and $1.1 million over the past decade. However, the organization has consistently operated at a deficit, with expenses significantly exceeding revenue in every reported period. For example, in 2023, revenue was $1,022,624 while expenses were $1,734,227, indicating a substantial reliance on existing assets or other non-operating income to cover costs. This trend has led to a gradual decline in assets, from $21,628,329 in 2014 to $15,576,887 in 2023.

The organization's transparency is bolstered by its consistent filing of IRS Form 990s and the reported 0% officer compensation across all filings, suggesting that executive leadership is either volunteer-based or compensated through other means not classified as officer compensation, which is a positive indicator for donor confidence regarding administrative overhead. While the consistent deficits are a concern for long-term sustainability, the substantial asset base provides a buffer. Further analysis of the specific breakdown of expenses (program vs. administrative vs. fundraising) would provide a clearer picture of spending efficiency, which is not detailed in the provided data.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Morris Thomspon Cultural & Visitors Center 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: 15%
programs: 75%
fundraising: 10%

According to IRS 990 filings, Morris Thomspon Cultural & Visitors Center allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% across all filings, which is highly unusual for an organization of this size with over $1 million in annual revenue and $15 million in assets. This suggests either a fully volunteer executive leadership or that compensation is categorized differently, warranting further investigation for complete 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 Morris Thomspon Cultural & Visitors Center's IRS 990 filings:

Consistent operating deficits, with expenses significantly exceeding revenue annually (e.g., $711,603 deficit in 2023).
Declining asset base over the past decade, from $21.6 million in 2014 to $15.5 million in 2023.
Unusual 0% officer compensation reported, which may obscure actual executive remuneration.

Strengths

The following positive indicators were identified for Morris Thomspon Cultural & Visitors Center:

Substantial asset base of over $15 million provides financial stability despite operating deficits.
Consistent IRS 990 filing history demonstrates commitment to transparency.
Low liabilities relative to assets (e.g., $99,721 liabilities vs. $15,576,887 assets in 2023).

Frequently Asked Questions about Morris Thomspon Cultural & Visitors Center

Is Morris Thompson Cultural & Visitors Center financially sustainable given its consistent deficits?

The organization has consistently spent more than it earns, with expenses exceeding revenue by hundreds of thousands annually (e.g., $1,734,227 expenses vs. $1,022,624 revenue in 2023). While it has a substantial asset base of $15,576,887, this trend has led to a decline in assets from over $21 million in 2014, raising concerns about long-term financial sustainability if not addressed.

Why is officer compensation reported as 0% across all filings?

The consistent reporting of 0% officer compensation is unusual for an organization with over $1 million in revenue. This could indicate a volunteer-led executive team, or that executive compensation is classified under other expense categories, which would require a deeper dive into the full 990 forms to understand.

What is the primary source of funding that covers the annual deficits?

Given the consistent deficits where expenses exceed revenue, the organization is likely drawing down its significant asset base or relying on investment income from those assets to cover operational shortfalls. Without detailed income statements, it's difficult to pinpoint the exact source covering the gap.

Filing History

IRS 990 filing history for Morris Thomspon Cultural & Visitors Center showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Morris Thomspon Cultural & Visitors Center's revenue has declined by 37.1%, moving from $1.6M to $1.0M. Total assets decreased by 32.4% over the same period, from $23.0M to $15.6M. Total functional expenses rose by 25.9%, from $1.4M to $1.7M. In its most recent filing year (2023), Morris Thomspon Cultural & Visitors Center reported a deficit of $712K, with expenses exceeding revenue. The organization holds $100K in liabilities against $15.6M in assets (debt-to-asset ratio: 0.6%), resulting in net assets of $15.5M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$1.0M	$1.7M	$15.6M	$100K	—	—
2022	$879K	$1.6M	$16.1M	$20K	—	View 990
2021	$972K	$1.6M	$17.0M	$72K	—	—
2020	$872K	$1.5M	$17.7M	$93K	—	View 990
2019	$936K	$1.6M	$18.3M	$69K	—	View 990
2018	$919K	$1.6M	$19.0M	$106K	—	View 990
2017	$881K	$1.6M	$19.7M	$92K	—	View 990
2016	$868K	$1.5M	$20.3M	$102K	—	View 990
2015	$900K	$1.5M	$20.9M	$38K	—	View 990
2014	$871K	$1.5M	$21.6M	$88K	—	View 990
2013	$921K	$1.5M	$22.3M	$103K	—	View 990
2012	$1.2M	$1.4M	$22.9M	$81K	—	View 990
2011	$1.6M	$1.4M	$23.0M	$89K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $1.0M, expenses of $1.7M, and assets of $15.6M (revenue +16.3% year-over-year).
2022: Revenue of $879K, expenses of $1.6M, and assets of $16.1M (revenue -9.5% year-over-year).
2021: Revenue of $972K, expenses of $1.6M, and assets of $17.0M (revenue +11.5% year-over-year).
2020: Revenue of $872K, expenses of $1.5M, and assets of $17.7M (revenue -6.9% year-over-year).
2019: Revenue of $936K, expenses of $1.6M, and assets of $18.3M (revenue +1.9% year-over-year).
2018: Revenue of $919K, expenses of $1.6M, and assets of $19.0M (revenue +4.3% year-over-year).
2017: Revenue of $881K, expenses of $1.6M, and assets of $19.7M (revenue +1.6% year-over-year).
2016: Revenue of $868K, expenses of $1.5M, and assets of $20.3M (revenue -3.6% year-over-year).
2015: Revenue of $900K, expenses of $1.5M, and assets of $20.9M (revenue +3.3% year-over-year).
2014: Revenue of $871K, expenses of $1.5M, and assets of $21.6M (revenue -5.4% year-over-year).
2013: Revenue of $921K, expenses of $1.5M, and assets of $22.3M (revenue -25.9% year-over-year).
2012: Revenue of $1.2M, expenses of $1.4M, and assets of $22.9M (revenue -23.5% year-over-year).
2011: Revenue of $1.6M, expenses of $1.4M, and assets of $23.0M.

Data Sources and Methodology

This transparency report for Morris Thomspon Cultural & Visitors Center 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.