The Fort Ticonderoga Association Inc
Fort Ticonderoga Association consistently grows assets and operates with a surplus, reporting no officer compensation.
EIN: 141440924 · Ticonderoga, NY · NTEE: A800 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $10.0M |
| Total Expenses | $5.8M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $10 |
| Net Assets | $24.8M |
| Transparency Score | 90/100 |
Is The Fort Ticonderoga Association Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Fort Ticonderoga Association Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Fort Ticonderoga Association Inc
The Fort Ticonderoga Association Inc (EIN: 141440924) is a nonprofit organization based in Ticonderoga, NY, classified under NTEE code A800. The organization reported total revenue of $10.0M and total assets of $28.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Fort Ticonderoga Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Fort Ticonderoga Association Inc is a mid-size nonprofit that has been operating for 75 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.7M |
| Total Expenses | $5.8M |
| Surplus / Deficit | +$1.9M |
| Total Assets | $25.8M |
| Total Liabilities | $1.1M |
| Net Assets | $24.8M |
| Operating Margin | 24.4% |
| Debt-to-Asset Ratio | 4.1% |
| Months of Reserves | 53.6 months |
Financial Health Grade: A
In 2023, The Fort Ticonderoga Association Inc reported a surplus of $1.9M with revenue exceeding expenses, holds 53.6 months of operating reserves (strong position), has a debt-to-asset ratio of 4.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), The Fort Ticonderoga Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 11.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.4% | +8.0% | +9.4% |
| 2022 | -31.2% | -51.5% | +4.5% |
| 2021 | +46.5% | +220.4% | -4.3% |
| 2020 | -11.6% | -23.5% | +39.9% |
| 2019 | +46.4% | +24.6% | +30.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2300 |
| IRS Ruling Date | 1951 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates The Fort Ticonderoga Association Inc with a Mission Score of 90 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, The Fort Ticonderoga Association 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.9M, with revenue exceeding expenses.
- Debt-to-asset ratio: 4.1%.
Executive Compensation Analysis
The IRS 990 filings consistently report 0% officer compensation across all available periods, which is highly unusual for an organization of this size with revenues reaching nearly $10 million. This suggests either a fully volunteer-led executive team, or that executive compensation is categorized under general salaries and wages rather than specifically as officer compensation, 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 The Fort Ticonderoga Association Inc's IRS 990 filings:
- Consistent 0% officer compensation reported, which is unusual for an organization of this scale and could obscure executive remuneration if categorized elsewhere.
- Significant expense spike in 2021 ($11,044,831) leading to a deficit for that year, which warrants further investigation into its cause.
Strengths
The following positive indicators were identified for The Fort Ticonderoga Association Inc:
- Strong and consistent asset growth, from $8.1M in 2015 to $25.8M in 2023, indicating robust financial health.
- Generally operates with a financial surplus, as seen in 2023 ($7,661,070 revenue vs. $5,788,456 expenses).
- Low liabilities relative to assets, suggesting strong financial stability and low debt burden.
- Consistent filing of IRS Form 990s, demonstrating good transparency.
- Significant revenue growth over the past decade, indicating increasing support and operational capacity.
Frequently Asked Questions about The Fort Ticonderoga Association Inc
Is The Fort Ticonderoga Association Inc a legitimate charity?
The Fort Ticonderoga Association Inc (EIN: 141440924) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $10.0M. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does The Fort Ticonderoga Association Inc spend its money?
The Fort Ticonderoga Association Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to The Fort Ticonderoga Association Inc tax-deductible?
The Fort Ticonderoga Association Inc is registered as a tax-exempt nonprofit (EIN: 141440924). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the The Fort Ticonderoga Association Inc CEO make?
The Fort Ticonderoga Association Inc's highest-compensated officer earns $10 annually. The organization reported $10.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of The Fort Ticonderoga Association Inc's spending goes to programs?
The Fort Ticonderoga Association Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Fort Ticonderoga Association Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), The Fort Ticonderoga Association Inc is above average for NTEE category A800 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Fort Ticonderoga Association Inc located?
The Fort Ticonderoga Association Inc is headquartered in Ticonderoga, New York and files with the IRS under EIN 141440924. It is classified under NTEE code A800.
How many years of IRS 990 filings does The Fort Ticonderoga Association Inc have?
The Fort Ticonderoga Association Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $10.0M in total revenue.
How does Fort Ticonderoga Association Inc manage to report 0% officer compensation across all filings?
The consistent reporting of 0% officer compensation is highly unusual for an organization with annual revenues in the millions. This could indicate a fully volunteer executive leadership, or that executive salaries are categorized under general salaries and wages rather than specifically as officer compensation on the 990 form. Further detail would be needed to understand the compensation structure for key management personnel.
What caused the significant increase in expenses in 2021 ($11,044,831) compared to previous years?
In 2021, expenses surged to $11,044,831, exceeding revenue for that year. This contrasts sharply with prior years where expenses were typically much lower (e.g., $3,447,459 in 2020). This spike could be due to major capital projects, significant program expansion, or unusual one-time expenditures. A deeper dive into the 2021 filing's Statement of Functional Expenses would clarify the nature of these costs.
How does the organization's asset growth compare to its revenue growth?
The organization has demonstrated strong asset growth, increasing from $8,160,468 in 2015 to $25,833,075 in 2023. While revenue has also grown significantly, from $3,392,835 in 2015 to $7,661,070 in 2023, the asset growth rate appears to outpace revenue growth in some periods, suggesting effective financial management and investment strategies, or significant capital contributions.
Filing History
IRS 990 filing history for The Fort Ticonderoga Association Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), The Fort Ticonderoga Association Inc's revenue has grown by 259%, moving from $2.1M to $7.7M. Total assets decreased by 19.5% over the same period, from $32.1M to $25.8M. Total functional expenses rose by 182.9%, from $2.0M to $5.8M. In its most recent filing year (2023), The Fort Ticonderoga Association Inc reported a surplus of $1.9M, with revenue exceeding expenses. The organization holds $1.1M in liabilities against $25.8M in assets (debt-to-asset ratio: 4.1%), resulting in net assets of $24.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $7.7M | $5.8M | $25.8M | $1.1M | — | — |
| 2022 | $6.9M | $5.4M | $23.6M | $953K | — | View 990 |
| 2021 | $10.1M | $11.0M | $22.6M | $855K | — | View 990 |
| 2020 | $6.9M | $3.4M | $23.6M | $2.2M | — | View 990 |
| 2019 | $7.8M | $4.5M | $16.9M | $1.1M | — | View 990 |
| 2018 | $5.3M | $3.6M | $12.9M | $859K | — | View 990 |
| 2017 | $5.7M | $3.4M | $11.1M | $390K | — | View 990 |
| 2016 | $3.5M | $3.4M | $8.4M | $280K | — | View 990 |
| 2015 | $3.4M | $2.9M | $8.2M | $193K | — | View 990 |
| 2014 | $2.9M | $2.7M | $33.3M | $119K | — | View 990 |
| 2013 | $2.9M | $2.4M | $33.1M | $100K | — | View 990 |
| 2012 | $2.5M | $2.1M | $32.6M | $43K | — | View 990 |
| 2011 | $2.1M | $2.0M | $32.1M | $19K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7.7M, expenses of $5.8M, and assets of $25.8M (revenue +10.4% year-over-year).
- 2022: Revenue of $6.9M, expenses of $5.4M, and assets of $23.6M (revenue -31.2% year-over-year).
- 2021: Revenue of $10.1M, expenses of $11.0M, and assets of $22.6M (revenue +46.5% year-over-year).
- 2020: Revenue of $6.9M, expenses of $3.4M, and assets of $23.6M (revenue -11.6% year-over-year).
- 2019: Revenue of $7.8M, expenses of $4.5M, and assets of $16.9M (revenue +46.4% year-over-year).
- 2018: Revenue of $5.3M, expenses of $3.6M, and assets of $12.9M (revenue -5.9% year-over-year).
- 2017: Revenue of $5.7M, expenses of $3.4M, and assets of $11.1M (revenue +60.6% year-over-year).
- 2016: Revenue of $3.5M, expenses of $3.4M, and assets of $8.4M (revenue +3.7% year-over-year).
- 2015: Revenue of $3.4M, expenses of $2.9M, and assets of $8.2M (revenue +15.7% year-over-year).
- 2014: Revenue of $2.9M, expenses of $2.7M, and assets of $33.3M (revenue +2.4% year-over-year).
- 2013: Revenue of $2.9M, expenses of $2.4M, and assets of $33.1M (revenue +14.4% year-over-year).
- 2012: Revenue of $2.5M, expenses of $2.1M, and assets of $32.6M (revenue +17.4% year-over-year).
- 2011: Revenue of $2.1M, expenses of $2.0M, and assets of $32.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Fort Ticonderoga Association Inc:
Data Sources and Methodology
This transparency report for The Fort Ticonderoga Association 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.