Catranis Fam Charitable Foundation Inc
Catranis Fam Charitable Foundation consistently grows assets with zero executive compensation.
EIN: 200410904 · Mobile, AL · NTEE: T22 · Updated: 2026-03-28
Is Catranis Fam Charitable Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Catranis Fam Charitable Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Catranis Fam Charitable Foundation Inc
Catranis Fam Charitable Foundation Inc (EIN: 200410904) is a nonprofit organization based in Mobile, AL, classified under NTEE code T22. The organization reported total revenue of $405K and total assets of $1.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Catranis Fam Charitable Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Catranis Fam Charitable Foundation Inc is a small nonprofit that has been operating for 22 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $175K |
| Total Expenses | $189K |
| Surplus / Deficit | $-13,100 |
| Total Assets | $1.9M |
| Total Liabilities | $1 |
| Net Assets | $1.9M |
| Operating Margin | -7.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 120.0 months |
Financial Health Grade: B
In 2023, Catranis Fam Charitable Foundation Inc reported a deficit of $13K with expenses exceeding revenue, holds 120.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Catranis Fam Charitable Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -39.0% | +2.4% | -0.7% |
| 2022 | -14.7% | +37.4% | +5.8% |
| 2021 | +78.9% | +46.1% | +12.8% |
| 2020 | +15.4% | -3.2% | +6.5% |
| 2019 | -11.5% | +67.0% | +17.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Catranis Fam Charitable Foundation Inc with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Catranis Fam Charitable Foundation Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $13K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation has consistently been 0% across all reported periods, indicating that no funds are used for officer salaries, which is highly commendable for an organization of its size with assets nearing $1.9 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Catranis Fam Charitable Foundation Inc's IRS 990 filings:
- Expenses slightly exceeded revenue in the latest 2023 filing ($188,566 vs $175,466), though this is an isolated instance in a trend of growth.
Strengths
The following positive indicators were identified for Catranis Fam Charitable Foundation Inc:
- Consistent asset growth from $791,863 in 2011 to $1,885,690 in 2023.
- Zero officer compensation reported across all ten filings, indicating high efficiency.
- Minimal liabilities ($1 across most filings), demonstrating strong financial management.
- Consistent filing of IRS Form 990s, indicating good transparency.
- Revenue generally outpacing expenses over the long term, contributing to financial stability.
Frequently Asked Questions about Catranis Fam Charitable Foundation Inc
Is Catranis Fam Charitable Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Catranis Fam Charitable Foundation Inc (EIN: 200410904) some concerns. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.
How does Catranis Fam Charitable Foundation Inc spend its money?
Catranis Fam Charitable Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Catranis Fam Charitable Foundation Inc tax-deductible?
Catranis Fam Charitable Foundation Inc is registered as a tax-exempt nonprofit (EIN: 200410904). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Catranis Fam Charitable Foundation Inc a good charity?
Based on the available IRS 990 data, the Catranis Fam Charitable Foundation Inc appears to be a very good charity. It demonstrates strong financial health with consistent asset growth, minimal liabilities, and, most notably, zero executive compensation, ensuring funds are directed towards its charitable purpose.
How has the foundation's financial health changed over time?
The foundation's financial health has consistently improved, with assets growing from $791,863 in 2011 to $1,885,690 in 2023. Revenue has generally outpaced expenses, contributing to this steady growth, although the 2023 period showed a slight deficit.
What is the organization's approach to executive compensation?
The organization has a highly efficient approach to executive compensation, reporting 0% officer compensation across all ten available filings. This means no funds are allocated to executive salaries.
Filing History
IRS 990 filing history for Catranis Fam Charitable Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Catranis Fam Charitable Foundation Inc's revenue has grown by 148.6%, moving from $71K to $175K. Total assets increased by 138.1% over the same period, from $792K to $1.9M. Total functional expenses rose by 544.2%, from $29K to $189K. In its most recent filing year (2023), Catranis Fam Charitable Foundation Inc reported a deficit of $13K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.9M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $175K | $189K | $1.9M | $1 | — | View 990 |
| 2022 | $288K | $184K | $1.9M | $1 | — | View 990 |
| 2021 | $337K | $134K | $1.8M | $1 | — | View 990 |
| 2020 | $188K | $92K | $1.6M | $1 | — | — |
| 2019 | $163K | $95K | $1.5M | $1 | — | View 990 |
| 2015 | $185K | $57K | $1.3M | $1 | — | View 990 |
| 2014 | $162K | $47K | $1.1M | $1 | — | View 990 |
| 2013 | $151K | $42K | $1.0M | $1 | — | View 990 |
| 2012 | $161K | $35K | $918K | $1 | — | View 990 |
| 2011 | $71K | $29K | $792K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $175K, expenses of $189K, and assets of $1.9M (revenue -39.0% year-over-year).
- 2022: Revenue of $288K, expenses of $184K, and assets of $1.9M (revenue -14.7% year-over-year).
- 2021: Revenue of $337K, expenses of $134K, and assets of $1.8M (revenue +78.9% year-over-year).
- 2020: Revenue of $188K, expenses of $92K, and assets of $1.6M (revenue +15.4% year-over-year).
- 2019: Revenue of $163K, expenses of $95K, and assets of $1.5M (revenue -11.5% year-over-year).
- 2015: Revenue of $185K, expenses of $57K, and assets of $1.3M (revenue +13.8% year-over-year).
- 2014: Revenue of $162K, expenses of $47K, and assets of $1.1M (revenue +7.6% year-over-year).
- 2013: Revenue of $151K, expenses of $42K, and assets of $1.0M (revenue -6.2% year-over-year).
- 2012: Revenue of $161K, expenses of $35K, and assets of $918K (revenue +127.7% year-over-year).
- 2011: Revenue of $71K, expenses of $29K, and assets of $792K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Catranis Fam Charitable Foundation Inc:
Data Sources and Methodology
This transparency report for Catranis Fam Charitable Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.