The Fortin Foundation Inc
Fortin Foundation consistently maintains low expenses and zero officer compensation, building substantial assets.
EIN: 200474577 · Wilmington, DE · NTEE: T20 · Updated: 2026-03-28
Is The Fortin Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Fortin Foundation Inc directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Fortin Foundation Inc
The Fortin Foundation Inc (EIN: 200474577) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T20. The organization reported total revenue of $2.3M and total assets of $9.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Fortin Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Fortin Foundation Inc is a mid-size nonprofit that has been operating for 22 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 24.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.6M |
| Total Expenses | $386K |
| Surplus / Deficit | +$2.2M |
| Total Assets | $9.6M |
| Total Liabilities | $1 |
| Net Assets | $9.6M |
| Operating Margin | 85.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 298.8 months |
Financial Health Grade: A
In 2023, The Fortin Foundation Inc reported a surplus of $2.2M with revenue exceeding expenses, holds 298.8 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), The Fortin Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 24.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2130.1% | +84.7% | +30.2% |
| 2022 | -98.1% | +106.6% | -1.2% |
| 2021 | +7451.4% | +1.4% | +377.6% |
| 2020 | -43.0% | -0.2% | -1.3% |
| 2019 | +48.2% | -10.3% | +8.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Fortin Foundation Inc with a Mission Score of 95 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, The Fortin Foundation Inc allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 $2.2M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no salaries are paid to officers, which is highly favorable for a nonprofit of its size with assets nearing $10 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.
Strengths
The following positive indicators were identified for The Fortin Foundation Inc:
- Zero reported officer compensation across all filings, indicating high efficiency.
- Consistent asset growth, from $1.1 million in 2011 to $9.6 million in 2023.
- Extremely low liabilities ($1 across all periods), demonstrating strong financial stability.
- Expenses consistently low relative to revenue, suggesting efficient use of funds.
- Significant revenue generation in recent years, such as $2,609,281 in 2023 and $6,012,105 in 2021.
Frequently Asked Questions about The Fortin Foundation Inc
Is The Fortin Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, The Fortin Foundation Inc (EIN: 200474577) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does The Fortin Foundation Inc spend its money?
The Fortin Foundation Inc directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Fortin Foundation Inc tax-deductible?
The Fortin Foundation Inc is registered as a tax-exempt nonprofit (EIN: 200474577). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is The Fortin Foundation Inc a good charity?
Based on the provided financial data, The Fortin Foundation Inc appears to be a very good charity. It consistently reports zero officer compensation, maintains extremely low liabilities, and has demonstrated significant asset growth while keeping expenses low relative to revenue. This indicates strong financial stewardship and a high percentage of resources likely directed towards its mission.
How does The Fortin Foundation Inc manage its expenses?
The Fortin Foundation Inc manages its expenses very efficiently. For example, in 2023, expenses were $386,045 against revenue of $2,609,281, representing a small fraction of its income. This pattern of low expenses relative to revenue is consistent across most filing periods, suggesting a lean operational model.
What is the trend in The Fortin Foundation Inc's assets?
The Fortin Foundation Inc has shown a strong upward trend in assets, growing from $1,126,597 in 2011 to $9,612,650 in 2023. This consistent growth, particularly the significant jump between 2020 and 2021 (from $1,565,435 to $7,476,374), indicates successful investment strategies or substantial contributions.
Filing History
IRS 990 filing history for The Fortin Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The Fortin Foundation Inc's revenue has grown by 1320%, moving from $184K to $2.6M. Total assets increased by 753.2% over the same period, from $1.1M to $9.6M. Total functional expenses rose by 686.1%, from $49K to $386K. In its most recent filing year (2023), The Fortin Foundation Inc reported a surplus of $2.2M, with revenue exceeding expenses. The organization holds $1 in liabilities against $9.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $9.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.6M | $386K | $9.6M | $1 | — | View 990 |
| 2022 | $117K | $209K | $7.4M | $1 | — | View 990 |
| 2021 | $6.0M | $101K | $7.5M | $1 | — | View 990 |
| 2020 | $80K | $100K | $1.6M | $1 | — | — |
| 2019 | $140K | $100K | $1.6M | $1 | — | View 990 |
| 2015 | $94K | $111K | $1.5M | $1 | — | View 990 |
| 2014 | $160K | $84K | $1.5M | $1 | — | View 990 |
| 2013 | $210K | $70K | $1.4M | $1 | — | View 990 |
| 2012 | $193K | $61K | $1.3M | $1 | — | View 990 |
| 2011 | $184K | $49K | $1.1M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.6M, expenses of $386K, and assets of $9.6M (revenue +2130.1% year-over-year).
- 2022: Revenue of $117K, expenses of $209K, and assets of $7.4M (revenue -98.1% year-over-year).
- 2021: Revenue of $6.0M, expenses of $101K, and assets of $7.5M (revenue +7451.4% year-over-year).
- 2020: Revenue of $80K, expenses of $100K, and assets of $1.6M (revenue -43.0% year-over-year).
- 2019: Revenue of $140K, expenses of $100K, and assets of $1.6M (revenue +48.2% year-over-year).
- 2015: Revenue of $94K, expenses of $111K, and assets of $1.5M (revenue -41.2% year-over-year).
- 2014: Revenue of $160K, expenses of $84K, and assets of $1.5M (revenue -23.5% year-over-year).
- 2013: Revenue of $210K, expenses of $70K, and assets of $1.4M (revenue +8.3% year-over-year).
- 2012: Revenue of $193K, expenses of $61K, and assets of $1.3M (revenue +5.3% year-over-year).
- 2011: Revenue of $184K, expenses of $49K, and assets of $1.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Fortin Foundation Inc:
Data Sources and Methodology
This transparency report for The Fortin Foundation 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.