Volunteer Florida Foundation Inc
Volunteer Florida Foundation Inc. experiences extreme revenue and expense fluctuations with no reported officer compensation.
EIN: 10973168 · Tallahassee, FL · NTEE: T11 · Updated: 2026-03-28
Is Volunteer Florida Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Volunteer Florida Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Volunteer Florida Foundation Inc
Volunteer Florida Foundation Inc (EIN: 10973168) is a nonprofit organization based in Tallahassee, FL, classified under NTEE code T11. The organization reported total revenue of $24.9M and total assets of $15.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Volunteer Florida Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Volunteer Florida Foundation Inc is a large nonprofit that has been operating for 16 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 147.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $64.4M |
| Total Expenses | $30.4M |
| Surplus / Deficit | +$34.0M |
| Total Assets | $35.8M |
| Total Liabilities | $246K |
| Net Assets | $35.5M |
| Operating Margin | 52.8% |
| Debt-to-Asset Ratio | 0.7% |
| Months of Reserves | 14.1 months |
Financial Health Grade: A
In 2023, Volunteer Florida Foundation Inc reported a surplus of $34.0M with revenue exceeding expenses, holds 14.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.7% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Volunteer Florida Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 147.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +11532.2% | +2869.0% | +2006.0% |
| 2022 | -28.7% | -88.0% | -52.2% |
| 2021 | +100.2% | +8.2% | -68.3% |
| 2020 | -94.7% | +69.9% | -38.0% |
| 2019 | -57.6% | +88.2% | +18.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2010 |
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 Volunteer Florida Foundation Inc 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Volunteer Florida Foundation Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. 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 $34.0M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.7%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries from the organization, which is highly unusual for an organization with revenues reaching tens of millions.
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 Volunteer Florida Foundation Inc's IRS 990 filings:
- Extreme volatility in revenue and expenses makes financial planning and stability assessment challenging.
- Lack of reported officer compensation for an organization of this scale is unusual and warrants further investigation into how leadership is supported or compensated.
Strengths
The following positive indicators were identified for Volunteer Florida Foundation Inc:
- Consistently reports 0% officer compensation, indicating a strong commitment to directing funds to mission.
- Significant asset growth to $35,780,764 in 2023 suggests strong financial capacity when funding is available.
- Low reported liabilities relative to assets in most periods, indicating a healthy balance sheet.
Frequently Asked Questions about Volunteer Florida Foundation Inc
Is Volunteer Florida Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Volunteer Florida Foundation Inc (EIN: 10973168) some concerns. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
How does Volunteer Florida Foundation Inc spend its money?
Volunteer Florida Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Volunteer Florida Foundation Inc tax-deductible?
Volunteer Florida Foundation Inc is registered as a tax-exempt nonprofit (EIN: 10973168). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What caused the massive revenue increase from $553,766 in 2022 to $64,415,008 in 2023?
The IRS 990 filings indicate a dramatic surge in revenue, likely due to a large grant or specific government funding initiative, which would require reviewing the full 990 form for Schedule B (Contributors) or Schedule A (Public Support) to identify the source.
How does the organization manage its operations without any reported officer compensation?
The consistent reporting of 0% officer compensation suggests that executive leadership may be entirely volunteer-based, compensated by a related entity, or that compensation is categorized differently within the expense structure, which would need clarification from the detailed 990 forms.
What is the primary driver of the significant expense variations year-over-year?
The substantial fluctuations in expenses, such as $1,023,566 in 2022 versus $30,390,114 in 2023, are likely tied to the variable revenue streams, indicating that program activities scale significantly based on available funding.
Filing History
IRS 990 filing history for Volunteer Florida Foundation Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Volunteer Florida Foundation Inc's revenue has grown by 2150651.5%, moving from $3K to $64.4M. Total assets increased by 651051.3% over the same period, from $5K to $35.8M. Total functional expenses rose by 8280585%, from $367 to $30.4M. In its most recent filing year (2023), Volunteer Florida Foundation Inc reported a surplus of $34.0M, with revenue exceeding expenses. The organization holds $246K in liabilities against $35.8M in assets (debt-to-asset ratio: 0.7%), resulting in net assets of $35.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $64.4M | $30.4M | $35.8M | $246K | — | View 990 |
| 2022 | $554K | $1.0M | $1.7M | $189K | — | View 990 |
| 2021 | $776K | $8.5M | $3.6M | $1.6M | — | View 990 |
| 2020 | $388K | $7.9M | $11.2M | $1.5M | — | View 990 |
| 2019 | $7.3M | $4.6M | $18.1M | $153K | — | View 990 |
| 2018 | $17.1M | $2.5M | $15.3M | $8K | — | View 990 |
| 2017 | $539K | $351K | $658K | $11K | — | View 990 |
| 2016 | $315K | $431K | $485K | $26K | — | View 990 |
| 2015 | $387K | $547K | $626K | $51K | — | View 990 |
| 2014 | $695K | $285K | $767K | $33K | — | View 990 |
| 2013 | $365K | $5K | $365K | $0 | — | View 990 |
| 2012 | $3K | $367 | $5K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $64.4M, expenses of $30.4M, and assets of $35.8M (revenue +11532.2% year-over-year).
- 2022: Revenue of $554K, expenses of $1.0M, and assets of $1.7M (revenue -28.7% year-over-year).
- 2021: Revenue of $776K, expenses of $8.5M, and assets of $3.6M (revenue +100.2% year-over-year).
- 2020: Revenue of $388K, expenses of $7.9M, and assets of $11.2M (revenue -94.7% year-over-year).
- 2019: Revenue of $7.3M, expenses of $4.6M, and assets of $18.1M (revenue -57.6% year-over-year).
- 2018: Revenue of $17.1M, expenses of $2.5M, and assets of $15.3M (revenue +3077.4% year-over-year).
- 2017: Revenue of $539K, expenses of $351K, and assets of $658K (revenue +71.1% year-over-year).
- 2016: Revenue of $315K, expenses of $431K, and assets of $485K (revenue -18.7% year-over-year).
- 2015: Revenue of $387K, expenses of $547K, and assets of $626K (revenue -44.2% year-over-year).
- 2014: Revenue of $695K, expenses of $285K, and assets of $767K (revenue +90.5% year-over-year).
- 2013: Revenue of $365K, expenses of $5K, and assets of $365K (revenue +12070.3% year-over-year).
- 2012: Revenue of $3K, expenses of $367, and assets of $5K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Volunteer Florida Foundation Inc:
Data Sources and Methodology
This transparency report for Volunteer Florida 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.