Connor Group Foundation

Connor Group Foundation shows highly volatile revenue and expenses with zero officer compensation.

EIN: 208499807 · Miamisburg, OH · NTEE: T22 · Updated: 2026-03-28

$5.5MRevenue

$56.3MAssets

75/100Mission Score (Good)

T22

About Connor Group Foundation

Connor Group Foundation (EIN: 208499807) is a nonprofit organization based in Miamisburg, OH, classified under NTEE code T22. The organization reported total revenue of $5.5M and total assets of $56.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Connor Group Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Connor Group Foundation exhibits highly variable financial activity, with revenues fluctuating significantly year-over-year, from a high of $50,620,083 in 2021 to $10,981,921 in 2023. This volatility makes consistent financial planning and assessment challenging. The organization's assets have grown substantially over its history, reaching $62,195,571 in 2023, indicating a strong asset base. However, liabilities have also seen a significant increase, particularly in 2023, reaching $40,182,542, which warrants closer examination to understand their nature and impact on long-term financial stability.

Spending efficiency is difficult to precisely determine without a detailed breakdown of program, administrative, and fundraising expenses from the provided data. However, the organization consistently reports 0% officer compensation, which is a positive indicator for resource allocation towards its mission rather than executive salaries. The substantial expenses in some years, such as $28,758,985 in 2023, compared to revenues, suggest significant programmatic activity or investment, but without further detail, it's hard to assess the efficiency of these expenditures. The large swings in expenses, like $9,105,555 in 2021 versus $35,246,795 in 2022, also point to an inconsistent operational scale.

Regarding transparency, the consistent filing of IRS 990 forms over ten periods demonstrates a commitment to public disclosure. The absence of officer compensation is a transparent and positive financial practice. However, a more detailed breakdown of expenses beyond total expenses would enhance transparency, allowing for a clearer understanding of how funds are allocated across programs, administration, and fundraising. The significant increase in liabilities in recent years, without further context, could be a point of concern for stakeholders seeking full financial clarity.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Connor Group Foundation with a Mission Score of 75 out of 100 (Good). 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: 80%
fundraising: 10%

According to IRS 990 filings, Connor Group Foundation allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers, which is highly unusual for an organization of its size with assets exceeding $62 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 Connor Group Foundation's IRS 990 filings:

Highly volatile revenue and expense figures year-over-year, making financial forecasting difficult.
Significant increase in liabilities to $40,182,542 in 2023 without clear explanation.
Lack of detailed breakdown for program, administrative, and fundraising expenses in the provided data.

Strengths

The following positive indicators were identified for Connor Group Foundation:

Consistent filing of IRS 990 forms over ten periods, demonstrating transparency.
Consistently reports 0% officer compensation, indicating resources are not used for executive salaries.
Substantial asset base, reaching $62,195,571 in 2023, providing financial stability.
Significant growth in assets over its operational history.

Frequently Asked Questions about Connor Group Foundation

What caused the significant increase in liabilities to $40,182,542 in 2023?

The provided data does not specify the nature of these liabilities, but such a substantial increase from previous years warrants further investigation to understand if they are programmatic obligations, debt, or other financial commitments.

How does the organization manage its highly fluctuating revenue and expense streams?

The significant year-over-year variations in both revenue and expenses suggest either a project-based funding model or substantial changes in operational scale, which would require robust financial management strategies to maintain stability.

What is the specific breakdown of program, administrative, and fundraising expenses?

The provided IRS 990 summary data does not offer this level of detail, making it challenging to precisely assess spending efficiency beyond total expenses.

Given the 0% officer compensation, how are the organization's leadership and operational management structured and funded?

This suggests either a volunteer-led model at the executive level or that compensation is covered through other means not reported as officer compensation, which would require further clarification for full transparency.

Filing History

IRS 990 filing history for Connor Group Foundation showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2011–2023), Connor Group Foundation's revenue has grown by 1352.6%, moving from $756K to $11.0M. Total assets increased by 332212.3% over the same period, from $19K to $62.2M. Total functional expenses rose by 3786.9%, from $740K to $28.8M. In its most recent filing year (2023), Connor Group Foundation reported a deficit of $17.8M, with expenses exceeding revenue. The organization holds $40.2M in liabilities against $62.2M in assets (debt-to-asset ratio: 64.6%), resulting in net assets of $22.0M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$11.0M	$28.8M	$62.2M	$40.2M	—	View 990
2022	$39.3M	$35.2M	$78.1M	$38.5M	—	—
2021	$50.6M	$9.1M	$92.0M	$7.4M	—	View 990
2020	$5.7M	$5.6M	$51.1M	$8.4M	—	View 990
2019	$6.3M	$3.0M	$34.7M	$5.4M	—	View 990
2015	$1.3M	$903K	$1.1M	$24K	—	View 990
2014	$1.1M	$285K	$1.4M	$421	—	View 990
2013	$712K	$174K	$633K	$15K	—	View 990
2012	$243K	$182K	$82K	$3K	—	View 990
2011	$756K	$740K	$19K	$1	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $11.0M, expenses of $28.8M, and assets of $62.2M (revenue -72.1% year-over-year).
2022: Revenue of $39.3M, expenses of $35.2M, and assets of $78.1M (revenue -22.4% year-over-year).
2021: Revenue of $50.6M, expenses of $9.1M, and assets of $92.0M (revenue +784.6% year-over-year).
2020: Revenue of $5.7M, expenses of $5.6M, and assets of $51.1M (revenue -9.5% year-over-year).
2019: Revenue of $6.3M, expenses of $3.0M, and assets of $34.7M (revenue +380.7% year-over-year).
2015: Revenue of $1.3M, expenses of $903K, and assets of $1.1M (revenue +18.9% year-over-year).
2014: Revenue of $1.1M, expenses of $285K, and assets of $1.4M (revenue +55.3% year-over-year).
2013: Revenue of $712K, expenses of $174K, and assets of $633K (revenue +193.7% year-over-year).
2012: Revenue of $243K, expenses of $182K, and assets of $82K (revenue -67.9% year-over-year).
2011: Revenue of $756K, expenses of $740K, and assets of $19K.

Data Sources and Methodology

This transparency report for Connor Group Foundation 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.