Is Herb Waltermire Community Enhancement Foundation Inc Legit?
Quick charity verification for Herb Waltermire Community Enhancement Foundation Inc (EIN: 201772525)
Verdict: Herb Waltermire Community Enhancement Foundation Inc appears trustworthy
70/100Mission Score
$152KRevenue
$872KAssets
3Red Flags
3Strengths
Red Flags
Declining asset base from $1,031,606 in 202006 to $880,419 in 202406
Volatile revenue, including negative revenue of $-1,779 in 202306
Expenses frequently exceeding revenue in recent years (e.g., 202406: $59,575 expenses vs. $55,791 revenue; 202206: $93,355 expenses vs. $40,124 revenue)
Strengths
Consistent reporting of 0% officer compensation, indicating efficient use of funds for leadership
Extremely low liabilities ($1 in most recent filings), suggesting no significant debt burden
Long history of IRS 990 filings (10 filings), demonstrating transparency and compliance
Spending Breakdown
How Herb Waltermire Community Enhancement Foundation Inc allocates its funds across programs, administration, and fundraising.
75%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
10%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Herb Waltermire Community Enhancement Foundation Inc
Is Herb Waltermire Community Enhancement Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Herb Waltermire Community Enhancement Foundation Inc (EIN: 201772525) appears trustworthy. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
Is Herb Waltermire Community Enhancement Foundation Inc a good charity to donate to?
Herb Waltermire Community Enhancement Foundation Inc has a Mission Score of 70/100. Revenue: $152K. Assets: $872K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Herb Waltermire Community Enhancement Foundation Inc?
The Employer Identification Number (EIN) for Herb Waltermire Community Enhancement Foundation Inc is 201772525. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Herb Waltermire Community Enhancement Foundation Inc spend its money?
Herb Waltermire Community Enhancement Foundation Inc allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Herb Waltermire Community Enhancement Foundation Inc's tax-exempt status?
You can verify Herb Waltermire Community Enhancement Foundation Inc's tax-exempt status using EIN 201772525 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
The Herb Waltermire Community Enhancement Foundation Inc demonstrates consistent financial transparency through its regular IRS 990 filings, with no reported officer compensation, indicating a volunteer-led or minimally compensated leadership structure. However, the organization has experienced fluctuating revenues and expenses over the past decade. For instance, in 202306, it reported negative revenue of $-1,779, while in 202006, revenue was $133,402. This volatility, coupled with a trend of declining assets from a high of $1,031,606 in 202006 to $880,419 in 202406, suggests potential challenges in maintaining consistent funding or managing operational costs. The organization's spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses within the provided data, but the consistent reporting of minimal liabilities ($1 in most recent filings) is a positive indicator of financial stability.