Fortuna Business Improvement Corporation
Nonprofit profile at a glance
- EIN
- 680284868
- IRS 990-EZ coverage
- 2013–2021
- Forms available
- Form 990 2017, Form 990-EZ 2021
- Location
- Fortuna, CA, USA
- Phone
- 7077259261
- Rating
- 45
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Community Improvement, Capacity Building N.E.C.
Reported finances
- Revenue
- $94,924
- Expenses
- $100,258
- Assets
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2021. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- EMILY HOBELMANN (President)
- LAURA MORRIS (Vice President)
People named in this filing
- EMILY HOBELMANN (President)
- LAURA MORRIS (Vice President)
- ASHLEY MITCHELL (Board Member)
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 2021. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
FBID is a nonpolitical entity committed to the strengthening of the City of Fortuna's business community.
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: 22
- Transparency & Controls: 82
- Sustainability: 16
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 21.8%; rating input score 22
- Program expense ratio: 20.7%; rating input score 21
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -5.6%; rating input score 31; 31st 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: 9.8%; rating input score 11; 11th percentile among comparable filings
Growth
- Program expense growth: -12.9% per year; rating input score 0; 29th percentile among comparable filings
- Revenue growth: -0.3% per year; rating input score 0; 59th percentile among comparable filings
- Asset growth: -8.5% per year; rating input score 0; 17th percentile among comparable filings
Details
- Where the money goes: 21.8% of revenue deployed · 20.7% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $21K in reported program spending
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 5 of 5 current checks pass
- Schedules: 2 filed schedules
- Filing history: 6 filing years from 2013 to 2021
- Contacts: How to reach this organization
- Money network: 3 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.
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 — Financial Efficiency: Mission deployment rate scored 22/100.
- High — Financial Efficiency: Program expense ratio scored 21/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 31/100.
- High — Sustainability: Total-asset coverage ratio scored 2/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 11/100.
- High — Grant Readiness: California registration: this organization is recorded as not currently operating in California.