First Car Project Inc
Nonprofit profile at a glance
- EIN
- 934822175
- IRS 990-EZ coverage
- 2025–2025
- Forms available
- Form 990-EZ 2025, Form 990-N 2024
- Location
- Louisville, KY, USA
- Phone
- 5029004848
- Rating
- 68
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Children's, Youth Services
Reported finances
- Revenue
- $123,895
- Expenses
- $49,811
- Assets
- $118,300
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- ASHLEY BORDEN (President)
- ERIC BENSON (Vice President)
People named in this filing
- ASHLEY BORDEN (President)
- ERIC BENSON (Vice President)
- MARGY STEVENS (Secretary)
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 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The First Car Project (TFCP) is a nonprofit organization based in Kentucky that is dedicated to assisting young adults as they make the challenging leap from the foster care system to independent living. This transition can present numerous hurdles, with transportation being a significant barrier. TFCP seeks to tackle this issue head-on by offering these individuals a safe and dependable vehicle. Through a collaborative effort with the Cabinet for Health and Family Services, TFCP ensures that recipients not only receive a vehicle but also the necessary training to upkeep and service it. With each car granted, we are not just providing transportation, but also opening up a world of possibilities and opportunities for these deserving individuals.
What it reported doing in 2025
Donate vehicles and provide associated essential costs such as insurance, maintenance and repairs, registration and taxes or the first year of ownership.
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
SUPPORTED - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work.
Rating breakdown
- Financial Efficiency: 62
- Transparency & Controls: 82
- Sustainability: 77
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 40.2%; rating input score 40
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 59.8%; rating input score 95; 95th percentile among comparable filings
- Total-asset coverage ratio: 2.37; rating input score 84; 84th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 40.2% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $50K in reported program spending
- Leadership: top reported pay $0 · 9 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 2 filed schedules
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- 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.
- Moderate — Financial Efficiency: Mission deployment rate scored 40/100.