Nick J Lorusso Memorial Fund is a 501(c)(3) organization based in Fort Collins, Colorado, registered in 2014, with $35,071 in FY2024 revenue. CharityIndex grades it D.
Revenue (FY2024)
$35K
▼ 51.3% vs prior year
Unknown median: $232K
Expenses (FY2024)
$55K
Net assets
$40K
Employees
—
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Nick J Lorusso Memorial Fund— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Nick J Lorusso Memorial Fund: 9 mo reserves · -57% margin earns a F on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Nick J Lorusso Memorial Fund— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Nick J Lorusso Memorial Fund: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $9,995 (FY2015) to $35K (FY2024) across 10 reported years.
Financial snapshot
Operating margin
-57.2%
Spent more than it raised in the latest fiscal year.
Total assets
$40K
Total liabilities
$0
Net assets
$40K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $35,071▼51.3% | $55,118▲350% | $39,705 | $39,705 | 990EZ |
| 2023 | $72,008▲25.1% | $12,256 | $0 | $0 | 990EZ |
| 2022 | $57,544▼7.4% | — | $0 | $0 | 990EZ |
| 2021 | $62,129▲388% | — | $0 | $0 | 990EZ |
| 2020 | $12,728▼7.8% | $399▼22.4% | $0▼100% | $0 | 990EZ |
| 2019 | $13,809▼4.9% | $514▼92.1% | $15,405 | $0 | 990EZ |
| 2018 | $14,527▲73.4% | $6,521▲60.6% | $0▼100% | $0▼100% | 990EZ |
| 2017 | $8,377▲143% | $4,061▲37.9% | $15,085▲23.2% | $15,085▲23.2% | 990EZ |
| 2016 | $3,452▼65.5% | $2,945▼56.2% | $12,240▲4.3% | $12,240▲4.3% | 990EZ |
| 2015 | $9,995 | $6,717 | $11,733 | $11,733 | 990EZ |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Data for Nick J Lorusso Memorial Fund (EIN 46-4778421) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.