Norma Terris Albert D Firestone Foundation
EIN: 61023058 · Deep River, CT
Is Norma Terris Albert D Firestone Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Norma Terris Albert D Firestone Foundation
Norma Terris Albert D Firestone Foundation (EIN: 61023058) is a nonprofit organization based in Deep River, CT. The organization reported total revenue of $121K and total assets of $973K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Norma Terris Albert D Firestone Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Norma Terris Albert D Firestone Foundation is a small nonprofit that has been operating for 46 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $29K |
| Total Expenses | $47K |
| Surplus / Deficit | $-18,383 |
| Total Assets | $811K |
| Total Liabilities | $1 |
| Net Assets | $811K |
| Operating Margin | -64.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 206.8 months |
Financial Health Grade: B
In 2023, Norma Terris Albert D Firestone Foundation reported a deficit of $18K with expenses exceeding revenue, holds 206.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Norma Terris Albert D Firestone Foundation's revenue has declined at a compound annual growth rate (CAGR) of -1.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +29.7% | -8.1% | +16.3% |
| 2022 | -35.8% | +12.9% | -22.7% |
| 2021 | +435.3% | +27.2% | +18.9% |
| 2020 | -94.2% | -4.0% | +18.9% |
| 2019 | +118.8% | -9.6% | +17.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1980 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Norma Terris Albert D Firestone Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Norma Terris Albert D Firestone Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $18K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Norma Terris Albert D Firestone Foundation
Is Norma Terris Albert D Firestone Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Norma Terris Albert D Firestone Foundation (EIN: 61023058) insufficient data. 0 red flags identified, 0 strengths noted.
How does Norma Terris Albert D Firestone Foundation spend its money?
Detailed spending breakdown data is not yet available for Norma Terris Albert D Firestone Foundation. Check back for updated IRS 990 analysis.
Are donations to Norma Terris Albert D Firestone Foundation tax-deductible?
Norma Terris Albert D Firestone Foundation is registered as a tax-exempt nonprofit (EIN: 61023058). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Norma Terris Albert D Firestone Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Norma Terris Albert D Firestone Foundation's revenue has declined by 15.6%, moving from $34K to $29K. Total assets increased by 42.5% over the same period, from $569K to $811K. Total functional expenses rose by 20.7%, from $39K to $47K. In its most recent filing year (2023), Norma Terris Albert D Firestone Foundation reported a deficit of $18K, with expenses exceeding revenue. The organization holds $1 in liabilities against $811K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $811K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $29K | $47K | $811K | $1 | — | — |
| 2022 | $22K | $51K | $697K | $1 | — | View 990 |
| 2021 | $34K | $45K | $902K | $1 | — | — |
| 2020 | $6K | $36K | $758K | $1 | — | View 990 |
| 2019 | $111K | $37K | $638K | $1 | — | View 990 |
| 2015 | $51K | $41K | $544K | $1 | — | View 990 |
| 2014 | $51K | $42K | $527K | $1 | — | View 990 |
| 2013 | $33K | $21K | $552K | $0 | — | View 990 |
| 2012 | $8K | $38K | $540K | $0 | — | View 990 |
| 2011 | $34K | $39K | $569K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $29K, expenses of $47K, and assets of $811K (revenue +29.7% year-over-year).
- 2022: Revenue of $22K, expenses of $51K, and assets of $697K (revenue -35.8% year-over-year).
- 2021: Revenue of $34K, expenses of $45K, and assets of $902K (revenue +435.3% year-over-year).
- 2020: Revenue of $6K, expenses of $36K, and assets of $758K (revenue -94.2% year-over-year).
- 2019: Revenue of $111K, expenses of $37K, and assets of $638K (revenue +118.8% year-over-year).
- 2015: Revenue of $51K, expenses of $41K, and assets of $544K (revenue +0.2% year-over-year).
- 2014: Revenue of $51K, expenses of $42K, and assets of $527K (revenue +52.6% year-over-year).
- 2013: Revenue of $33K, expenses of $21K, and assets of $552K (revenue +314.1% year-over-year).
- 2012: Revenue of $8K, expenses of $38K, and assets of $540K (revenue -76.4% year-over-year).
- 2011: Revenue of $34K, expenses of $39K, and assets of $569K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Norma Terris Albert D Firestone Foundation:
Data Sources and Methodology
This transparency report for Norma Terris Albert D Firestone Foundation 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.