Is Jeff & Connie Woodman Foundation Legit?

The Jeff & Connie Woodman Foundation demonstrates strong financial health with consistent asset growth, reaching $2,648,580 in its latest filing. The organization consistently maintains very low liabilities, often reported as $1, indicating sound financial management and minimal debt. Revenue has fluctuated significantly over the years, from a low of $2,829 in 2021 to a high of $1,505,114 in 2012, and $1,075,055 in 2022, suggesting reliance on investment returns or large, infrequent donations rather than a steady stream of operating revenue. However, the foundation consistently spends less than its revenue, allowing for asset accumulation. Spending efficiency appears high, as evidenced by the low expense ratios relative to revenue in most recent years. For example, in 2023, expenses were $171,866 against $601,359 in revenue. A key strength is the reported 0% officer compensation across all filings, indicating that executive leadership is either unpaid or compensated through other means not reported as officer compensation, which is a positive for donor confidence. The NTEE code T22 suggests the foundation is involved in grantmaking, which typically involves distributing funds to other nonprofits rather than direct program delivery, influencing how 'program spending' is interpreted. Transparency is generally good, with a consistent filing history. The absence of officer compensation is a strong indicator of efficient use of funds. However, without a detailed breakdown of expenses (program, administrative, fundraising) within the provided data, a precise assessment of spending efficiency across these categories is limited. The foundation's consistent asset growth and minimal liabilities point to a well-managed and financially stable entity, primarily focused on accumulating and distributing funds.