Fmaaa Foundation

Nonprofit profile at a glance

EIN
770639836
IRS 990 coverage
2014–2024
Forms available
Form 990 2024
Location
Fresno, CA, USA
Phone
5592140299
Rating
48
Verdict
MIXED
Rating confidence
Moderate
Sector
Senior Centers

Official website

Reported finances

Revenue
$35,462
Expenses
$6,774
Assets
$1,510,466
Liabilities
$0

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

Leadership & pay

7 people listed

Executive titles in this filing

  • JAMIE SHARMA (PRESIDENT/CEO)
  • LYNN GORMAN (VICE PRESIDENT)

People named in this filing

  • JAMIE SHARMA (PRESIDENT/CEO)
  • LYNN GORMAN (VICE PRESIDENT)
  • JAMES POPTANICH (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. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To promote the welfare of the senior and adult disabled population in planning and service area 14 (fresno and madera counties) by supporting and assisting the fresno-madera area agency on aging.

What it reported doing in 2024

At the request of the agency, the fmaaa foundation has positioned its assets to be ready to address the needs of the agency as it transitions from covid emergency funding with assessments being made concerning the service demands on the agency in the aftermath. Opportunities to support the agency are expected in the near future as the agency seeks to expand the services is offers. In the meantime, difficulties of recruiting volunteers and organizing fundraising events is still ongoing and solutions are being researched.

Operating model

Revenue model
Investment-supported. 100% of the money available for current operations came from recurring investment income.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

MIXED - The filed numbers largely add up and most voting board members are independent. 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: 0
  • Transparency & Controls: 90
  • Accountability: 82
  • Sustainability: 89
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 4 of 7 controls in place; rating input score 57
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 80.9%; rating input score 96; 96th percentile among comparable filings
  • Total-asset coverage ratio: 222.98; rating input score 97; 97th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 60; 60th percentile among comparable filings

Growth

  • Program expense growth: -24.6% per year; rating input score 0; 14th percentile among comparable filings
  • Revenue growth: -112.2% per year; rating input score 0; 3rd percentile among comparable filings
  • Asset growth: -19% per year; rating input score 0; 8th percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: 7 of 7 board members independent · 4 of 7 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 15 of 15 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 10 filing years from 2014 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 1 filed related-organization link
  • 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.

  • High — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • Review — Accountability: Governance controls: 2 of 6 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.