Center for Financial Independence Inc

Nonprofit profile at a glance

EIN
822686130
IRS 990-EZ coverage
2018–2020
Forms available
Form 990-EZ 2020
Location
Princeton, NJ, USA
Phone
6094558677
Rating confidence
Limited
Sector
Centers to Support the Independence of Specific Populations

Official website

Reported finances

Revenue
$5,000
Expenses
$7,738
Assets
$0
Liabilities
$2,647

Source: IRS Form 990-EZ. Selected filing: tax year 2020. Amounts in USD.

Leadership & pay

5 people listed

People named in this filing

  • STEVE J MARIOTTI (CHAIRMAN)
  • DAVID NELSON (Treasurer)
  • KEVIN GREANEY (Executive Dir.)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Center for Financial Independence, Inc's primary purpose is to support Americans over 55 with entrepreneurship training, tools, networking and mentorship they can use to start small businesses, recharge their careers, achieve financial independence and retire with confidence. CFI also supports Americans over 55 who wish to found nonprofits and social enterprises with fundraising and operations training, and networking opportunities. In addition, CFI is committed to publicizing the issue of financial insecurity among Americans over 55.

What it reported doing in 2020

Produced educational material as an instructional tool to educate individuals on the basics of raising resources for non-profit entities. The intended target audience is seniors in poverty to help teach them skills that they can apply to further their livelihood. Due to the covid-19 pandemic during calendar year 2020, all program service accomplishments were placed on hold.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 82
  • Sustainability: 16
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -54.8%; rating input score 18; 18th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 122.1% per year; rating input score 100; 99th percentile among comparable filings
  • Revenue growth: -54.4% per year; rating input score 0; 7th percentile among comparable filings
  • Asset growth: -148.8% per year; rating input score 0; 0th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 3 filing years from 2018 to 2020
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Sustainability: Operating margin scored 18/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 2/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.