FAIR Trade Group

Nonprofit profile at a glance

EIN
541721530
IRS 990-EZ coverage
2022–2024
Forms available
Form 990-EZ 2024, Form 990-N 2020
Location
Washington, DC, USA
Phone
2027988526
Rating
59
Verdict
MIXED
Rating confidence
Moderate

Official website

Reported finances

Revenue
$140,928
Expenses
$155,329
Assets
$9,573

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • Charles Fowler (President)
  • Robert Penta (Vice President)

People named in this filing

  • Michael Faucette (Executive Dir.)
  • Pati Colon (Deputy Director)
  • Charles Fowler (President)

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 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

F.A.I.R. Trade Group is dedicated to protecting the interests of the firearms and ammunition import and export community. Our trade group works with many U.S. government agencies, including the Bureau of Alcohol, Tobacco, Firearms, and Explosives, the U.S. Department of State, and the U.S. Customs and Border Protection to provide solutions to our members' concerns.

What it reported doing in 2024

On January 23-26, 2024, Shot Show Member Meeting at Las Vegas with 65 attendees. While attending the Shot Show, our members were invited to our Bi-Annual member meeting where they received the most recent changes and updates in the laws or processes from ATF and our government speakers.On March 14-15, 2024, FAIR SIA Virtual Conference with 60 attendees.Partnered with the Society for International Affairs to ensure the highest quality agenda and speakers with valuable access to government regulators in charge of licensing, enforcement, and policy from the U.S. Departments of State, Commerce, Treasury, Homeland Security, Justice, and the Bureau of Alcohol, Tobacco, Firearms and Explosives.On June 10-11, 2024, MGM Member Meeting with 70 attendees.ATF and Firearms Import and Export Industry Export Leaders for this two-day conference where they received first-hand information on recent regulatory and policy changes. In a world where we are all trying to find solid footing, this was an opportunity for our members to hear from experts who provided important updates on the complexities surrounding the new law changes and new import & export rulings that will impact our members.

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
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

MIXED - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 51
  • Transparency & Controls: 82
  • Sustainability: 11
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 52.8%; rating input score 53
  • Program expense ratio: 47.9%; rating input score 48

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -10.2%; rating input score 15; 15th percentile among comparable filings
  • Total-asset coverage ratio: 0.06; rating input score 8; 8th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 27%; rating input score 13; 13th percentile among comparable filings

Growth

  • Program expense growth: -0.3% per year; rating input score 0; 29th percentile among comparable filings
  • Revenue growth: -11.5% per year; rating input score 0; 4th percentile among comparable filings
  • Asset growth: -91.9% per year; rating input score 0; 1st percentile among comparable filings

Details

  • Where the money goes: 52.8% of revenue deployed · 47.9% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $74K in reported program spending
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 1 filed schedules
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • 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.

  • Review — Financial Efficiency: Mission deployment rate scored 53/100.
  • Moderate — Financial Efficiency: Program expense ratio scored 48/100.
  • High — Sustainability: Operating margin scored 15/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 8/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 13/100.