David S & Janet R Sheridan Foundation

David S & Janet R Sheridan Foundation consistently operates at a deficit, drawing from substantial assets to fund grantmaking.

EIN: 146205015 · Teton Village, WY · NTEE: T22 · Updated: 2026-03-28

$607KRevenue

$2.4MAssets

85/100Mission Score (Excellent)

T22

About David S & Janet R Sheridan Foundation

David S & Janet R Sheridan Foundation (EIN: 146205015) is a nonprofit organization based in Teton Village, WY, classified under NTEE code T22. The organization reported total revenue of $607K and total assets of $2.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of David S & Janet R Sheridan Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The David S & Janet R Sheridan Foundation appears to be a private foundation, as indicated by its consistent revenue and expense patterns, and the NTEE code T22 (Private Grantmaking Foundations). Over the past five years, the foundation has experienced fluctuating revenues and expenses. For instance, in 2023, it reported revenues of $364,309 against expenses of $523,675, resulting in a deficit. This trend of expenses exceeding revenue is also observed in 2022 ($284,341 revenue vs. $334,105 expenses) and 2021 ($113,486 revenue vs. $381,501 expenses), suggesting it's drawing from its asset base to fund its grantmaking activities. 

The foundation maintains a healthy asset base, with assets consistently above $2 million, reaching $2,407,524 in 2023. Liabilities are minimal, consistently reported as $1 or $0, which is a strong indicator of financial stability and low financial risk. The absence of officer compensation reported across all filings suggests that the foundation's leadership may be unpaid or compensated through other means not captured in this specific line item, which can be a positive sign for donor confidence regarding administrative efficiency, though further detail would be needed to confirm. Overall, while the foundation has operated at a deficit in recent years, its substantial assets and minimal liabilities provide a solid financial cushion for its grantmaking mission.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates David S & Janet R Sheridan Foundation with a Mission Score of 85 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, David S & Janet R Sheridan Foundation 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.

Executive Compensation Analysis

The foundation consistently reports 0% officer compensation across all available filings, suggesting that executive leadership is either unpaid or compensated through mechanisms not categorized as officer compensation, which generally indicates a high level of financial efficiency regarding leadership costs.

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 David S & Janet R Sheridan Foundation's IRS 990 filings:

Consistent operating deficits in recent years (e.g., $159,366 deficit in 2023)
Declining asset base over the last few years (from $2.88M in 2020 to $2.40M in 2023)

Strengths

The following positive indicators were identified for David S & Janet R Sheridan Foundation:

Substantial asset base providing long-term stability ($2,398,082 current assets)
Minimal liabilities ($1 reported in recent years), indicating low financial risk
No reported officer compensation, suggesting high efficiency in leadership costs
Consistent history of grantmaking activity over more than a decade

Frequently Asked Questions about David S & Janet R Sheridan Foundation

Is the David S & Janet R Sheridan Foundation financially stable despite recent deficits?

Yes, despite operating at a deficit in recent years (e.g., $364,309 revenue vs. $523,675 expenses in 2023), the foundation maintains a robust asset base of over $2.4 million and negligible liabilities, indicating strong financial stability.

How does the foundation fund its operations when expenses exceed revenue?

When expenses exceed revenue, as seen in 2023, 2022, and 2021, the foundation likely draws from its substantial asset base (e.g., $2,407,524 in assets in 2023) to cover its grantmaking and operational costs.

What is the trend in the foundation's assets?

The foundation's assets have shown a slight decline in recent years, from a high of $2,881,304 in 2020 to $2,407,524 in 2023, likely due to consistent spending exceeding revenue.

Filing History

IRS 990 filing history for David S & Janet R Sheridan Foundation showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2011–2023), David S & Janet R Sheridan Foundation's revenue has grown by 18.5%, moving from $307K to $364K. Total assets increased by 6.9% over the same period, from $2.3M to $2.4M. Total functional expenses rose by 277.4%, from $139K to $524K. In its most recent filing year (2023), David S & Janet R Sheridan Foundation reported a deficit of $159K, with expenses exceeding revenue. The organization holds $1 in liabilities against $2.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.4M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$364K	$524K	$2.4M	$1	—	View 990
2022	$284K	$334K	$2.6M	$1	—	View 990
2021	$113K	$382K	$2.6M	$1	—	View 990
2020	$462K	$456K	$2.9M	$1	—	View 990
2019	$329K	$295K	$2.9M	$1	—	View 990
2015	$381K	$494K	$2.7M	$0	—	View 990
2014	$350K	$155K	$2.8M	$0	—	View 990
2013	$328K	$169K	$2.6M	$0	—	View 990
2012	$323K	$151K	$2.4M	$0	—	View 990
2011	$307K	$139K	$2.3M	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $364K, expenses of $524K, and assets of $2.4M (revenue +28.1% year-over-year).
2022: Revenue of $284K, expenses of $334K, and assets of $2.6M (revenue +150.6% year-over-year).
2021: Revenue of $113K, expenses of $382K, and assets of $2.6M (revenue -75.4% year-over-year).
2020: Revenue of $462K, expenses of $456K, and assets of $2.9M (revenue +40.5% year-over-year).
2019: Revenue of $329K, expenses of $295K, and assets of $2.9M (revenue -13.6% year-over-year).
2015: Revenue of $381K, expenses of $494K, and assets of $2.7M (revenue +8.9% year-over-year).
2014: Revenue of $350K, expenses of $155K, and assets of $2.8M (revenue +6.8% year-over-year).
2013: Revenue of $328K, expenses of $169K, and assets of $2.6M (revenue +1.4% year-over-year).
2012: Revenue of $323K, expenses of $151K, and assets of $2.4M (revenue +5.1% year-over-year).
2011: Revenue of $307K, expenses of $139K, and assets of $2.3M.

Data Sources and Methodology

This transparency report for David S & Janet R Sheridan 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.