Mtfc Inc

Mtfc Inc shows consistent asset growth and no reported officer compensation over seven years.

EIN: 202689710 · Lakewood, WA · NTEE: N70 · Updated: 2026-03-28

$307KRevenue

$287KAssets

88/100Mission Score (Excellent)

N70

About Mtfc Inc

Mtfc Inc (EIN: 202689710) is a nonprofit organization based in Lakewood, WA, classified under NTEE code N70. The organization reported total revenue of $307K and total assets of $287K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mtfc Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Mtfc Inc demonstrates a generally stable financial position with consistent revenue growth over the past several years, increasing from $174,215 in 2017 to $334,011 in 2023. The organization has also shown a healthy accumulation of assets, growing from $43,356 in 2017 to $290,280 in 2023, indicating good financial management and capacity building. Liabilities have remained relatively low and manageable across all reported periods, suggesting a low financial risk profile.

Spending efficiency appears to be a strong point for Mtfc Inc, as evidenced by their consistent program spending focus. While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the absence of officer compensation across all filings suggests a lean operational structure and a commitment to directing resources towards their mission. The organization's revenue has generally exceeded expenses in most years, contributing to asset growth, though 2020 and 2023 saw expenses slightly exceed revenue, which is not uncommon for nonprofits managing growth or specific projects.

In terms of transparency, the consistent filing of IRS Form 990s over seven periods is a positive indicator. The lack of reported officer compensation across all filings is a significant transparency strength, as it suggests that the organization's leadership is either volunteer-based or compensated through other means not classified as officer compensation, which would require further investigation for full clarity. Overall, Mtfc Inc appears to be a financially sound and efficiently run organization based on the provided data.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Mtfc Inc with a Mission Score of 88 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, Mtfc 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.

Executive Compensation Analysis

Mtfc Inc has reported 0% officer compensation across all seven IRS 990 filings, indicating that its leadership is either entirely volunteer-based or compensated through non-officer roles, which suggests a strong commitment to minimizing overhead and directing funds to programs.

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 Mtfc Inc's IRS 990 filings:

Expenses slightly exceeded revenue in 2020 ($253,480 vs $240,369) and 2023 ($335,919 vs $334,011), which, if persistent, could impact long-term sustainability.

Strengths

The following positive indicators were identified for Mtfc Inc:

Consistent asset growth from $43,356 in 2017 to $290,280 in 2023, indicating strong financial management.
No reported officer compensation across all seven filings, suggesting a high dedication to mission and efficient use of funds.
Low and manageable liabilities across all periods, indicating a healthy financial risk profile.
Consistent revenue growth over the past seven years, demonstrating increasing support and operational capacity.

Frequently Asked Questions about Mtfc Inc

Is Mtfc Inc a good charity?

Based on the provided financial data, Mtfc Inc appears to be a well-managed charity. It demonstrates consistent asset growth, low liabilities, and a strong commitment to not reporting officer compensation, suggesting efficient use of funds and a focus on its mission.

How has Mtfc Inc's financial health changed over time?

Mtfc Inc's financial health has significantly improved over time. Revenue grew from $174,215 in 2017 to $334,011 in 2023, and assets increased from $43,356 to $290,280 in the same period, indicating strong growth and financial stability.

Does Mtfc Inc spend efficiently?

Yes, Mtfc Inc appears to spend efficiently. The consistent reporting of 0% officer compensation across all filings suggests a very lean administrative structure, allowing more funds to be directed towards programmatic activities.

Filing History

IRS 990 filing history for Mtfc Inc showing financial trends over 7 years of public records:

Over 7 years of IRS 990 filings (2017–2023), Mtfc Inc's revenue has grown by 91.7%, moving from $174K to $334K. Total assets increased by 569.5% over the same period, from $43K to $290K. Total functional expenses rose by 109.6%, from $160K to $336K. In its most recent filing year (2023), Mtfc Inc reported a deficit of $2K, with expenses exceeding revenue. The organization holds $2K in liabilities against $290K in assets (debt-to-asset ratio: 0.8%), resulting in net assets of $288K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$334K	$336K	$290K	$2K	—	—
2022	$428K	$320K	$298K	$8K	—	View 990
2021	$428K	$321K	$190K	$8K	—	View 990
2020	$240K	$253K	$83K	$9K	—	View 990
2019	$259K	$226K	$94K	$6K	—	View 990
2018	$181K	$165K	$57K	$3K	—	View 990
2017	$174K	$160K	$43K	$6K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $334K, expenses of $336K, and assets of $290K (revenue -21.9% year-over-year).
2022: Revenue of $428K, expenses of $320K, and assets of $298K (revenue -0.1% year-over-year).
2021: Revenue of $428K, expenses of $321K, and assets of $190K (revenue +78.1% year-over-year).
2020: Revenue of $240K, expenses of $253K, and assets of $83K (revenue -7.3% year-over-year).
2019: Revenue of $259K, expenses of $226K, and assets of $94K (revenue +43.7% year-over-year).
2018: Revenue of $181K, expenses of $165K, and assets of $57K (revenue +3.6% year-over-year).
2017: Revenue of $174K, expenses of $160K, and assets of $43K.

Data Sources and Methodology

This transparency report for Mtfc 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.