You're right that in the end, the FSF does not have to produce anything of value. However, that is literally the rock bottom of standards to hold an incorporate

You're right that in the end, the FSF does not have to produce anything of value. However, that is literally the rock bottom of standards to hold an incorporated entity that receives donations. The problem with the FSF being stagnant and useless is that it still governs a (decreasing) share of software that many people rely on and hamper progress on these projects.