Usf Financing Corporation
Usf Financing Corporation consistently generates revenue exceeding expenses, maintaining substantial assets with no reported officer compensation.
EIN: 202865561 · Tampa, FL · NTEE: B900 · Updated: 2026-03-28
Is Usf Financing Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Usf Financing Corporation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Usf Financing Corporation
Usf Financing Corporation (EIN: 202865561) is a nonprofit organization based in Tampa, FL, classified under NTEE code B900. The organization reported total revenue of $25.6M and total assets of $558.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Usf Financing Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Usf Financing Corporation is a large nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -7.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $16.4M |
| Total Expenses | $13.1M |
| Surplus / Deficit | +$3.4M |
| Total Assets | $371.4M |
| Total Liabilities | $346.2M |
| Net Assets | $25.2M |
| Operating Margin | 20.6% |
| Debt-to-Asset Ratio | 93.2% |
| Months of Reserves | 341.5 months |
Financial Health Grade: A
In 2023, Usf Financing Corporation reported a surplus of $3.4M with revenue exceeding expenses, holds 341.5 months of operating reserves (strong position), has a debt-to-asset ratio of 93.2% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Usf Financing Corporation's revenue has declined at a compound annual growth rate (CAGR) of -7.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.1% | -2.9% | +3.1% |
| 2022 | +25.0% | -13.0% | -6.9% |
| 2021 | -30.1% | +7.9% | -7.0% |
| 2020 | +10.6% | +11.3% | +7.6% |
| 2019 | -69.2% | -78.0% | +11.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Usf Financing Corporation 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Usf Financing Corporation allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% 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 $3.4M, with revenue exceeding expenses.
- Debt-to-asset ratio: 93.2%.
Executive Compensation Analysis
No officer compensation has been reported across all 13 available IRS 990 filings, suggesting either a volunteer leadership structure or that compensation is paid by a related entity, which enhances transparency on the 990 itself.
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 Usf Financing Corporation's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in provided summary data, making efficiency analysis difficult.
Strengths
The following positive indicators were identified for Usf Financing Corporation:
- Consistent revenue generation exceeding expenses (e.g., $16,438,237 revenue vs. $13,050,434 expenses in 202306).
- Substantial and growing asset base ($558,378,257 latest assets).
- No reported officer compensation across all filings, indicating potential volunteer leadership or external funding of executive roles.
- Positive net assets maintained over time, demonstrating financial stability.
- Consistent IRS 990 filing history (13 filings), indicating good compliance.
Frequently Asked Questions about Usf Financing Corporation
Is Usf Financing Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Usf Financing Corporation (EIN: 202865561) some concerns. Mission Score: 85/100. 1 red flag identified, 5 strengths noted.
How does Usf Financing Corporation spend its money?
Usf Financing Corporation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Usf Financing Corporation tax-deductible?
Usf Financing Corporation is registered as a tax-exempt nonprofit (EIN: 202865561). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What is the primary purpose of Usf Financing Corporation given its NTEE code B900?
NTEE code B900 typically refers to 'Higher Education Institutions (General),' suggesting the organization primarily supports the University of South Florida or related educational entities through financing activities.
How does Usf Financing Corporation manage its significant liabilities?
The organization consistently maintains assets significantly greater than its liabilities (e.g., $371,389,607 in assets vs. $346,175,515 in liabilities in 202306), indicating effective debt management and a healthy balance sheet.
Why is there no officer compensation reported on the 990s?
The absence of reported officer compensation could mean that the organization's leadership serves on a volunteer basis, or that their compensation is covered by a parent or related organization, which would not be directly reported on this entity's 990.
Filing History
IRS 990 filing history for Usf Financing Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Usf Financing Corporation's revenue has declined by 60.7%, moving from $41.8M to $16.4M. Total assets decreased by 11% over the same period, from $417.1M to $371.4M. Total functional expenses fell by 69.4%, from $42.6M to $13.1M. In its most recent filing year (2023), Usf Financing Corporation reported a surplus of $3.4M, with revenue exceeding expenses. The organization holds $346.2M in liabilities against $371.4M in assets (debt-to-asset ratio: 93.2%), resulting in net assets of $25.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $16.4M | $13.1M | $371.4M | $346.2M | — | — |
| 2022 | $17.5M | $13.4M | $360.2M | $338.4M | — | View 990 |
| 2021 | $14.0M | $15.5M | $387.0M | $365.8M | — | — |
| 2020 | $20.0M | $14.3M | $416.2M | $393.5M | — | View 990 |
| 2019 | $18.1M | $12.9M | $386.9M | $369.8M | — | View 990 |
| 2018 | $58.8M | $58.4M | $348.4M | $342.5M | — | View 990 |
| 2017 | $56.7M | $54.9M | $363.0M | $357.6M | — | View 990 |
| 2016 | $55.4M | $53.2M | $378.9M | $375.4M | — | View 990 |
| 2015 | $56.7M | $55.1M | $382.3M | $381.0M | — | View 990 |
| 2014 | $51.0M | $50.9M | $399.7M | $399.9M | — | View 990 |
| 2013 | $50.5M | $50.7M | $393.5M | $393.8M | — | View 990 |
| 2012 | $47.8M | $47.3M | $417.4M | $417.4M | — | View 990 |
| 2011 | $41.8M | $42.6M | $417.1M | $417.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $16.4M, expenses of $13.1M, and assets of $371.4M (revenue -6.1% year-over-year).
- 2022: Revenue of $17.5M, expenses of $13.4M, and assets of $360.2M (revenue +25.0% year-over-year).
- 2021: Revenue of $14.0M, expenses of $15.5M, and assets of $387.0M (revenue -30.1% year-over-year).
- 2020: Revenue of $20.0M, expenses of $14.3M, and assets of $416.2M (revenue +10.6% year-over-year).
- 2019: Revenue of $18.1M, expenses of $12.9M, and assets of $386.9M (revenue -69.2% year-over-year).
- 2018: Revenue of $58.8M, expenses of $58.4M, and assets of $348.4M (revenue +3.6% year-over-year).
- 2017: Revenue of $56.7M, expenses of $54.9M, and assets of $363.0M (revenue +2.3% year-over-year).
- 2016: Revenue of $55.4M, expenses of $53.2M, and assets of $378.9M (revenue -2.2% year-over-year).
- 2015: Revenue of $56.7M, expenses of $55.1M, and assets of $382.3M (revenue +11.2% year-over-year).
- 2014: Revenue of $51.0M, expenses of $50.9M, and assets of $399.7M (revenue +1.0% year-over-year).
- 2013: Revenue of $50.5M, expenses of $50.7M, and assets of $393.5M (revenue +5.7% year-over-year).
- 2012: Revenue of $47.8M, expenses of $47.3M, and assets of $417.4M (revenue +14.1% year-over-year).
- 2011: Revenue of $41.8M, expenses of $42.6M, and assets of $417.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Usf Financing Corporation:
Data Sources and Methodology
This transparency report for Usf Financing Corporation 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.