AI Transparency Report
The Tennessee Foundation For Qualitypatient Healthcare demonstrates a fluctuating financial history, with recent years showing modest revenue and expenses. In 2023, the organization reported revenue of $90,232 against expenses of $90,507, indicating operations are largely sustained by incoming funds. Assets have grown from $2,039 in 2011 to $110,247 in 2023, suggesting some financial stability and accumulation over time. However, the organization's revenue has varied significantly, from a low of $403 in 2018 to a high of $248,694 in 2017, which could indicate reliance on sporadic funding or project-based income. The consistent reporting of 0% officer compensation across all available filings suggests a commitment to directing funds towards the mission rather than executive salaries, enhancing its transparency and efficiency profile.
Spending efficiency appears to be reasonable given the consistent near-balance of revenue and expenses in recent years. While specific program spending percentages are not detailed in the provided summary, the absence of officer compensation implies a higher proportion of funds could be allocated to direct charitable activities. The organization's transparency is bolstered by its consistent filing of IRS Form 990s, with 13 filings available, providing a long-term view of its financial operations. The NTEE code E01 (Diseases, Disorders, Medical Disciplines, General) indicates a broad mission, and the financial data suggests a lean operational model.
Overall, the foundation appears to be a small to medium-sized nonprofit with a history of managing its finances closely. The lack of officer compensation is a significant positive indicator for donor confidence regarding fund allocation. While revenue can be inconsistent, the organization has maintained positive asset growth and kept expenses in line with income in most recent periods, suggesting prudent financial management. The long filing history also contributes to a positive transparency assessment.