Quit Doc Research And Educationfoundation Inc
Quit Doc Research And Educationfoundation Inc maintains stable assets despite declining revenue, with no reported officer compensation.
EIN: 205935069 · Coral Springs, FL · NTEE: E70 · Updated: 2026-03-28
About Quit Doc Research And Educationfoundation Inc
Quit Doc Research And Educationfoundation Inc (EIN: 205935069) is a nonprofit organization based in Coral Springs, FL, classified under NTEE code E70. The organization reported total revenue of $956K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Quit Doc Research And Educationfoundation 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 Quit Doc Research And Educationfoundation Inc with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Quit Doc Research And Educationfoundation Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is highly unusual for an organization with revenues consistently over $900,000 and assets exceeding $1 million.
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 Quit Doc Research And Educationfoundation Inc's IRS 990 filings:
- Significant decline in revenue from $1.88M in 2020 to $927K in 2023, which could impact future operations if not stabilized.
Strengths
The following positive indicators were identified for Quit Doc Research And Educationfoundation Inc:
- Consistent financial stability with assets over $1 million for many years.
- Zero reported officer compensation across all filings, indicating high dedication to mission.
- Low liabilities relative to assets, demonstrating strong financial health.
- Expenses closely track revenue, suggesting efficient use of funds without excessive accumulation.
Frequently Asked Questions about Quit Doc Research And Educationfoundation Inc
Is Quit Doc Research And Educationfoundation Inc a good charity?
Based on the provided financial data, the organization appears to be a good charity due to its strong program focus (implied by low administrative and fundraising costs), consistent financial stability, and notably, 0% officer compensation, suggesting a high dedication to its mission.
How has the organization's revenue trended recently?
The organization's revenue has seen a significant decline from a peak of $1,881,004 in 2020 to $927,128 in 2023, representing a decrease of over 50% in three years.
What is the organization's asset-to-liability ratio?
In 2023, the organization had assets of $1,161,212 and liabilities of $25,051, resulting in a very strong asset-to-liability ratio of approximately 46:1, indicating excellent financial solvency.
Filing History
IRS 990 filing history for Quit Doc Research And Educationfoundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Quit Doc Research And Educationfoundation Inc's revenue has grown by 28%, moving from $724K to $927K. Total assets increased by 281.1% over the same period, from $305K to $1.2M. Total functional expenses rose by 38.5%, from $680K to $942K. In its most recent filing year (2023), Quit Doc Research And Educationfoundation Inc reported a deficit of $15K, with expenses exceeding revenue. The organization holds $25K in liabilities against $1.2M in assets (debt-to-asset ratio: 2.2%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $927K | $942K | $1.2M | $25K | — | — |
| 2022 | $904K | $899K | $1.2M | $19K | — | — |
| 2021 | $1.3M | $1.3M | $1.2M | $26K | — | View 990 |
| 2020 | $1.9M | $1.9M | $1.2M | $25K | — | — |
| 2019 | $1.6M | $1.7M | $1.2M | $58K | — | View 990 |
| 2018 | $1.8M | $1.7M | $1.2M | $58K | — | View 990 |
| 2017 | $1.9M | $1.8M | $1.1M | $84K | — | — |
| 2016 | $1.9M | $1.7M | $1.1M | $92K | — | View 990 |
| 2015 | $1.8M | $1.6M | $954K | $88K | — | View 990 |
| 2014 | $1.6M | $1.4M | $786K | $83K | — | View 990 |
| 2013 | $1.5M | $1.4M | $605K | $80K | — | View 990 |
| 2012 | $1.2M | $1.0M | $506K | $80K | — | View 990 |
| 2011 | $724K | $680K | $305K | $59K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $927K, expenses of $942K, and assets of $1.2M (revenue +2.6% year-over-year).
- 2022: Revenue of $904K, expenses of $899K, and assets of $1.2M (revenue -29.0% year-over-year).
- 2021: Revenue of $1.3M, expenses of $1.3M, and assets of $1.2M (revenue -32.3% year-over-year).
- 2020: Revenue of $1.9M, expenses of $1.9M, and assets of $1.2M (revenue +14.1% year-over-year).
- 2019: Revenue of $1.6M, expenses of $1.7M, and assets of $1.2M (revenue -9.0% year-over-year).
- 2018: Revenue of $1.8M, expenses of $1.7M, and assets of $1.2M (revenue -2.3% year-over-year).
- 2017: Revenue of $1.9M, expenses of $1.8M, and assets of $1.1M (revenue -0.6% year-over-year).
- 2016: Revenue of $1.9M, expenses of $1.7M, and assets of $1.1M (revenue +5.9% year-over-year).
- 2015: Revenue of $1.8M, expenses of $1.6M, and assets of $954K (revenue +11.4% year-over-year).
- 2014: Revenue of $1.6M, expenses of $1.4M, and assets of $786K (revenue +8.5% year-over-year).
- 2013: Revenue of $1.5M, expenses of $1.4M, and assets of $605K (revenue +21.8% year-over-year).
- 2012: Revenue of $1.2M, expenses of $1.0M, and assets of $506K (revenue +65.2% year-over-year).
- 2011: Revenue of $724K, expenses of $680K, and assets of $305K.
Data Sources and Methodology
This transparency report for Quit Doc Research And Educationfoundation 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.