Zac Felkey Memorial Fund
Zac Felkey Memorial Fund maintains stable assets with fluctuating revenue and consistent liabilities, reporting no officer compensation.
EIN: 205698116 · Bozeman, MT · NTEE: B82 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $16K |
| Total Expenses | $6K |
| Program Spending | 80% |
| Net Assets | $85K |
| Transparency Score | 75/100 |
Is Zac Felkey Memorial Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Zac Felkey Memorial Fund directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Zac Felkey Memorial Fund
Zac Felkey Memorial Fund (EIN: 205698116) is a nonprofit organization based in Bozeman, MT, classified under NTEE code B82. The organization reported total revenue of $16K and total assets of $105K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Zac Felkey Memorial Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Zac Felkey Memorial Fund is a micro nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6K |
| Total Expenses | $6K |
| Surplus / Deficit | $-91 |
| Total Assets | $101K |
| Total Liabilities | $16K |
| Net Assets | $85K |
| Operating Margin | -1.5% |
| Debt-to-Asset Ratio | 15.8% |
| Months of Reserves | 190.9 months |
Financial Health Grade: B
In 2023, Zac Felkey Memorial Fund reported a deficit of $91 with expenses exceeding revenue, holds 190.9 months of operating reserves (strong position), has a debt-to-asset ratio of 15.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Zac Felkey Memorial Fund's revenue has grown at a compound annual growth rate (CAGR) of 2.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -19.3% | -52.5% | +2.2% |
| 2022 | -40.6% | +103.0% | -15.6% |
| 2021 | +74.2% | +238.4% | +21.4% |
| 2020 | +77.6% | -41.1% | +8.3% |
| 2019 | -3.9% | +0.8% | +14.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Zac Felkey Memorial Fund with a Mission Score of 75 out of 100 (Good). 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: 80%
- fundraising: 10%
According to IRS 990 filings, Zac Felkey Memorial Fund allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% 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 deficit of $91, with expenses exceeding revenue.
- Debt-to-asset ratio: 15.8%.
Executive Compensation Analysis
The Zac Felkey Memorial Fund reports 0% officer compensation across all available filings, indicating that its leadership serves on a volunteer basis, which is highly commendable for an organization of its size.
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 Zac Felkey Memorial Fund's IRS 990 filings:
- Consistent liabilities of $16,000 without clear explanation in summary data
- Expenses exceeding revenue in multiple recent years (e.g., 2022, 2023) indicating potential reliance on reserves
Strengths
The following positive indicators were identified for Zac Felkey Memorial Fund:
- Zero officer compensation, indicating volunteer leadership and efficient use of funds
- Stable asset base, consistently above $70,000 for the past decade
- Long filing history (13 filings) demonstrating consistent operation and transparency
Frequently Asked Questions about Zac Felkey Memorial Fund
Is Zac Felkey Memorial Fund a legitimate charity?
Zac Felkey Memorial Fund (EIN: 205698116) is a registered tax-exempt nonprofit based in Montana. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $16K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Zac Felkey Memorial Fund spend its money?
Zac Felkey Memorial Fund directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Zac Felkey Memorial Fund tax-deductible?
Zac Felkey Memorial Fund is registered as a tax-exempt nonprofit (EIN: 205698116). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Zac Felkey Memorial Fund's spending goes to programs?
Zac Felkey Memorial Fund directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Zac Felkey Memorial Fund compare to similar nonprofits?
With a transparency score of 75/100 (Good), Zac Felkey Memorial Fund is above average for NTEE category B82 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Zac Felkey Memorial Fund located?
Zac Felkey Memorial Fund is headquartered in Bozeman, Montana and files with the IRS under EIN 205698116. It is classified under NTEE code B82.
How many years of IRS 990 filings does Zac Felkey Memorial Fund have?
Zac Felkey Memorial Fund 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 $16K in total revenue.
What do the consistent $16,000 liabilities represent?
The consistent $16,000 in liabilities reported from 2017 to 2023 is a significant portion of the organization's assets and warrants further investigation to understand its nature (e.g., long-term debt, program commitments).
How does the organization cover expense shortfalls in years like 2022 and 2023?
In years where expenses exceeded revenue, such as 2022 ($13,359 expenses vs. $7,760 revenue) and 2023 ($6,350 expenses vs. $6,259 revenue), the organization likely utilized accumulated net assets from prior profitable years to cover the difference.
What are the specific programs funded by the Zac Felkey Memorial Fund?
The provided data does not detail the specific programs or activities undertaken by the Zac Felkey Memorial Fund; this information would typically be found in the full IRS Form 990, Part III, Statement of Program Service Accomplishments.
Filing History
IRS 990 filing history for Zac Felkey Memorial Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Zac Felkey Memorial Fund's revenue has grown by 32.2%, moving from $5K to $6K. Total assets increased by 119.3% over the same period, from $46K to $101K. Total functional expenses rose by 176.1%, from $2K to $6K. In its most recent filing year (2023), Zac Felkey Memorial Fund reported a deficit of $91, with expenses exceeding revenue. The organization holds $16K in liabilities against $101K in assets (debt-to-asset ratio: 15.8%), resulting in net assets of $85K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6K | $6K | $101K | $16K | — | View 990 |
| 2022 | $8K | $13K | $99K | $16K | — | — |
| 2021 | $13K | $7K | $117K | $16K | — | — |
| 2020 | $7K | $2K | $96K | $16K | — | — |
| 2019 | $4K | $3K | $89K | $16K | — | View 990 |
| 2018 | $4K | $3K | $77K | $16K | — | View 990 |
| 2017 | $4K | $10K | $83K | $16K | — | View 990 |
| 2016 | $5K | $9K | $79K | $13K | — | View 990 |
| 2015 | $6K | $10K | $74K | $8K | — | View 990 |
| 2014 | $14K | $6K | $78K | $4K | — | View 990 |
| 2013 | $5K | $2K | $65K | $2K | — | View 990 |
| 2012 | $5K | $1K | $53K | $0 | — | View 990 |
| 2011 | $5K | $2K | $46K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6K, expenses of $6K, and assets of $101K (revenue -19.3% year-over-year).
- 2022: Revenue of $8K, expenses of $13K, and assets of $99K (revenue -40.6% year-over-year).
- 2021: Revenue of $13K, expenses of $7K, and assets of $117K (revenue +74.2% year-over-year).
- 2020: Revenue of $7K, expenses of $2K, and assets of $96K (revenue +77.6% year-over-year).
- 2019: Revenue of $4K, expenses of $3K, and assets of $89K (revenue -3.9% year-over-year).
- 2018: Revenue of $4K, expenses of $3K, and assets of $77K (revenue +1.8% year-over-year).
- 2017: Revenue of $4K, expenses of $10K, and assets of $83K (revenue -15.5% year-over-year).
- 2016: Revenue of $5K, expenses of $9K, and assets of $79K (revenue -16.6% year-over-year).
- 2015: Revenue of $6K, expenses of $10K, and assets of $74K (revenue -57.0% year-over-year).
- 2014: Revenue of $14K, expenses of $6K, and assets of $78K (revenue +213.0% year-over-year).
- 2013: Revenue of $5K, expenses of $2K, and assets of $65K (revenue -3.3% year-over-year).
- 2012: Revenue of $5K, expenses of $1K, and assets of $53K (revenue -0.6% year-over-year).
- 2011: Revenue of $5K, expenses of $2K, and assets of $46K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Zac Felkey Memorial Fund:
Data Sources and Methodology
This transparency report for Zac Felkey Memorial Fund 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.