Nfc Forum Inc
Nfc Forum Inc maintains stable finances with consistent surpluses and no reported officer compensation.
EIN: 201752543 · Wakefield, MA · NTEE: S40 · Updated: 2026-03-28
Is Nfc Forum Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Nfc Forum Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Nfc Forum Inc
Nfc Forum Inc (EIN: 201752543) is a nonprofit organization based in Wakefield, MA, classified under NTEE code S40. The organization reported total revenue of $1.5M and total assets of $1.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nfc Forum Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Nfc Forum Inc with a Mission Score of 85 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, Nfc Forum 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
Nfc Forum Inc consistently reports 0% officer compensation across all available filings, indicating that either executive leadership is entirely volunteer-based or compensation is categorized differently and not disclosed under 'Officer Comp' on the 990, which is unusual for an organization of its size with over $1.5 million in annual revenue.
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 Nfc Forum Inc's IRS 990 filings:
- Lack of detailed spending breakdown (program, admin, fundraising) in provided data makes full efficiency assessment difficult.
- Consistent 0% officer compensation is unusual for an organization of this size and warrants further inquiry into how leadership costs are managed and reported.
Strengths
The following positive indicators were identified for Nfc Forum Inc:
- Consistent financial surpluses in recent years (e.g., $62,374 in 2023, $4,835 in 2022, $61,723 in 2021).
- Strong asset base relative to liabilities (e.g., $1,884,917 assets vs. $742,160 liabilities in 2023).
- No reported officer compensation, potentially indicating high efficiency in leadership costs.
- Long history of consistent IRS 990 filings, indicating transparency in financial reporting.
Frequently Asked Questions about Nfc Forum Inc
Is Nfc Forum Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Nfc Forum Inc (EIN: 201752543) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Nfc Forum Inc spend its money?
Nfc Forum Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Nfc Forum Inc tax-deductible?
Nfc Forum Inc is registered as a tax-exempt nonprofit (EIN: 201752543). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Nfc Forum Inc a good charity?
Based on the provided financial data, Nfc Forum Inc appears to be a financially stable organization with consistent surpluses and a strong asset base. The absence of reported officer compensation is a notable positive for efficiency, suggesting resources are directed elsewhere. However, a full assessment would require more detailed spending breakdowns (program vs. admin/fundraising) and an understanding of their specific mission and impact.
How does Nfc Forum Inc manage its leadership costs?
The IRS 990 filings consistently show 0% officer compensation, which is highly unusual for an organization of this size. This suggests that leadership may be entirely volunteer, or that compensation for key personnel is reported under other expense categories, or through a related organization, which would require further investigation for complete transparency.
What is the trend in Nfc Forum Inc's revenue and expenses?
Nfc Forum Inc has seen a general decline in revenue from a peak of $2,631,734 in 2014 to $1,549,542 in 2023. Expenses have largely followed this trend, decreasing from $2,665,145 in 2014 to $1,487,168 in 2023. Despite the revenue decline, the organization has consistently managed to keep expenses below or very close to revenue in recent years, leading to surpluses.
Is Nfc Forum Inc financially stable?
Yes, Nfc Forum Inc appears financially stable. In 2023, it reported a surplus of $62,374 ($1,549,542 revenue - $1,487,168 expenses) and maintained healthy assets of $1,884,917, significantly exceeding its liabilities of $742,160. This trend of surpluses and strong asset-to-liability ratios has been consistent in recent years.
Filing History
IRS 990 filing history for Nfc Forum Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Nfc Forum Inc's revenue has declined by 41.8%, moving from $2.7M to $1.5M. Total assets increased by 23.3% over the same period, from $1.5M to $1.9M. Total functional expenses fell by 40.9%, from $2.5M to $1.5M. In its most recent filing year (2023), Nfc Forum Inc reported a surplus of $62K, with revenue exceeding expenses. The organization holds $742K in liabilities against $1.9M in assets (debt-to-asset ratio: 39.4%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $1.5M | $1.5M | $1.9M | $742K | — | — |
| 2022 | $1.6M | $1.6M | $1.8M | $765K | — | — |
| 2021 | $1.5M | $1.5M | $2.0M | $876K | — | View 990 |
| 2020 | $1.8M | $1.6M | $1.9M | $886K | — | — |
| 2019 | $1.9M | $1.7M | $1.7M | $876K | — | View 990 |
| 2018 | $1.8M | $1.7M | $1.6M | $947K | — | View 990 |
| 2017 | $1.9M | $2.0M | $1.4M | $848K | — | — |
| 2016 | $2.2M | $2.2M | $1.5M | $917K | — | View 990 |
| 2015 | $2.4M | $2.5M | $1.9M | $1.3M | — | View 990 |
| 2014 | $2.6M | $2.7M | $2.0M | $1.3M | — | View 990 |
| 2013 | $2.6M | $2.3M | $2.1M | $1.3M | — | View 990 |
| 2012 | $2.7M | $2.5M | $1.5M | $1.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.5M, expenses of $1.5M, and assets of $1.9M (revenue -4.9% year-over-year).
- 2022: Revenue of $1.6M, expenses of $1.6M, and assets of $1.8M (revenue +7.6% year-over-year).
- 2021: Revenue of $1.5M, expenses of $1.5M, and assets of $2.0M (revenue -15.9% year-over-year).
- 2020: Revenue of $1.8M, expenses of $1.6M, and assets of $1.9M (revenue -5.0% year-over-year).
- 2019: Revenue of $1.9M, expenses of $1.7M, and assets of $1.7M (revenue +3.7% year-over-year).
- 2018: Revenue of $1.8M, expenses of $1.7M, and assets of $1.6M (revenue -5.9% year-over-year).
- 2017: Revenue of $1.9M, expenses of $2.0M, and assets of $1.4M (revenue -11.2% year-over-year).
- 2016: Revenue of $2.2M, expenses of $2.2M, and assets of $1.5M (revenue -10.1% year-over-year).
- 2015: Revenue of $2.4M, expenses of $2.5M, and assets of $1.9M (revenue -7.6% year-over-year).
- 2014: Revenue of $2.6M, expenses of $2.7M, and assets of $2.0M (revenue -0.6% year-over-year).
- 2013: Revenue of $2.6M, expenses of $2.3M, and assets of $2.1M (revenue -0.7% year-over-year).
- 2012: Revenue of $2.7M, expenses of $2.5M, and assets of $1.5M.
Data Sources and Methodology
This transparency report for Nfc Forum 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.