Futuro Inc
Nonprofit profile at a glance
- EIN
- 473783118
- IRS 990-EZ coverage
- 2015–2024
- Forms available
- Form 990 2023, Form 990-EZ 2024
- Location
- Hermitage, TN, USA
- Phone
- 6156010783
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Educational Services and Schools - Other
Reported finances
- Revenue
- $156,060
- Expenses
- $233,447
- Assets
- $13,788
- Liabilities
- $9,000
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- Jennifer Novo (Executive Director)
People named in this filing
- Allison Quintanilla Plattsmier (Board Member)
- Jennifer Novo (Executive Director)
- Melinda Noblitt (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 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
FUTURO is a college-success profesional development organization that provides structured, career-specific development to help students navigate their way from college to career.
What it reported doing in 2024
Futuro Leadership: Training series for Chapter Leaders, whoare the leaders/representatives of Futuro on university campuses
Operating model
- Revenue model
- Donor-supported. 99% of the money available for current operations came from contributions and gifts.
- 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 available resources goes toward mission work. A relatively small share of total spending goes to programs and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 66
- Transparency & Controls: 100
- Sustainability: 6
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 75.2%; rating input score 75
- Program expense ratio: 50.3%; rating input score 50
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -49.6%; rating input score 2; 2nd percentile among comparable filings
- Total-asset coverage ratio: 0.06; rating input score 8; 8th percentile among comparable filings
- Liabilities to assets ratio: 0.65; rating input score 8; 8th percentile among comparable filings
- Officer compensation ratio: 30.8%; rating input score 11; 11th percentile among comparable filings
Growth
- Program expense growth: 22.6% per year; rating input score 100; 78th percentile among comparable filings
- Revenue growth: 19.2% per year; rating input score 100; 82nd percentile among comparable filings
- Asset growth: 10.1% per year; rating input score 100; 62nd percentile among comparable filings
Details
- Where the money goes: 75.2% of revenue deployed · 50.3% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $117K in reported program spending
- Leadership: top reported pay $0 · 10 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Filing history: 6 filing years from 2015 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: Program expense ratio scored 50/100.
- High — Sustainability: Operating margin scored 2/100.
- High — Sustainability: Total-asset coverage ratio scored 8/100.
- High — Sustainability: Liabilities to assets ratio scored 8/100.
- High — Sustainability: Officer compensation ratio scored 11/100.