Dermody Family Foundation
Dermody Family Foundation shows highly variable revenue and expenses with no officer compensation.
EIN: 201930587 · Reno, NV · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $10K |
| Total Expenses | $4K |
| Program Spending | 80% |
| Net Assets | $4K |
| Transparency Score | 70/100 |
Is Dermody Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Dermody Family Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Dermody Family Foundation
Dermody Family Foundation (EIN: 201930587) is a nonprofit organization based in Reno, NV, classified under NTEE code T20. The organization reported total revenue of $10K and total assets of $10K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Dermody Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Dermody Family Foundation is a micro nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -39.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $13 |
| Total Expenses | $4K |
| Surplus / Deficit | $-3,684 |
| Total Assets | $4K |
| Total Liabilities | $1 |
| Net Assets | $4K |
| Operating Margin | -28338.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 13.4 months |
Financial Health Grade: B
In 2023, Dermody Family Foundation reported a deficit of $4K with expenses exceeding revenue, holds 13.4 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), Dermody Family Foundation's revenue has declined at a compound annual growth rate (CAGR) of -39.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +550.0% | +50.4% | -47.1% |
| 2022 | -100.0% | +131.7% | -23.9% |
| 2021 | +999900.0% | -27.9% | +668.6% |
| 2020 | -100.0% | -63.5% | -52.4% |
| 2019 | -72.2% | -89.8% | +20.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Dermody Family Foundation with a Mission Score of 70 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Dermody Family Foundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $4K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers or key employees receive salaries from the foundation, which is a positive for resource allocation.
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 Dermody Family Foundation's IRS 990 filings:
- Highly inconsistent revenue and expense figures year-over-year, making financial planning and impact assessment challenging.
- Expenses sometimes significantly exceed revenue, as seen in 2015 ($39,527 expenses vs. $9,006 revenue), which could indicate reliance on prior year's assets or an unsustainable spending pattern if not managed carefully.
Strengths
The following positive indicators were identified for Dermody Family Foundation:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds without high executive salaries.
- Low liabilities, consistently reported as $1, suggesting a healthy balance sheet and minimal debt.
- Consistent filing of IRS 990 forms (10 filings), demonstrating good transparency and compliance.
Frequently Asked Questions about Dermody Family Foundation
Is Dermody Family Foundation a legitimate charity?
Dermody Family Foundation (EIN: 201930587) is a registered tax-exempt nonprofit based in Nevada. Our AI analysis gives it a Mission Score of 70/100. It has 10 years of IRS 990 filings on record. Total revenue: $10K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Dermody Family Foundation spend its money?
Dermody Family Foundation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Dermody Family Foundation tax-deductible?
Dermody Family Foundation is registered as a tax-exempt nonprofit (EIN: 201930587). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Dermody Family Foundation's spending goes to programs?
Dermody Family Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Dermody Family Foundation compare to similar nonprofits?
With a transparency score of 70/100 (Good), Dermody Family Foundation is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Dermody Family Foundation located?
Dermody Family Foundation is headquartered in Reno, Nevada and files with the IRS under EIN 201930587. It is classified under NTEE code T20.
How many years of IRS 990 filings does Dermody Family Foundation have?
Dermody Family Foundation has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $10K in total revenue.
What is the primary purpose of the Dermody Family Foundation given its NTEE code T20?
As a T20 organization (Philanthropy, Voluntarism & Grantmaking Foundations), its primary purpose is likely to make grants to other organizations or individuals, rather than directly operating programs.
Why is the revenue so inconsistent year-to-year?
The highly inconsistent revenue, ranging from $1 in 2020 to $95,794 in 2013, suggests that the foundation may be primarily funded by irregular contributions or investment returns, rather than a steady stream of public donations or grants.
Are the expenses reasonable for an organization of this size?
Given the fluctuating revenue and assets, the expenses also vary significantly. For example, in 2015, expenses were $39,527 against $9,006 in revenue, indicating a year where grants or operational costs exceeded income. Without detailed expense categories, it's hard to definitively say if they are 'reasonable' but they do reflect the variable nature of the foundation's activity.
Filing History
IRS 990 filing history for Dermody Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Dermody Family Foundation's revenue has declined by 99.8%, moving from $5K to $13. Total assets decreased by 51.7% over the same period, from $9K to $4K. Total functional expenses fell by 51.8%, from $8K to $4K. In its most recent filing year (2023), Dermody Family Foundation reported a deficit of $4K, with expenses exceeding revenue. The organization holds $1 in liabilities against $4K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $4K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $13 | $4K | $4K | $1 | — | — |
| 2022 | $2 | $2K | $8K | $1 | — | View 990 |
| 2021 | $10K | $1K | $10K | $1 | — | — |
| 2020 | $1 | $1K | $1K | $1 | — | — |
| 2019 | $3K | $4K | $3K | $1 | — | View 990 |
| 2015 | $9K | $40K | $2K | $1 | — | View 990 |
| 2014 | $43K | $30K | $33K | $1 | — | View 990 |
| 2013 | $96K | $90K | $20K | $1 | — | View 990 |
| 2012 | $40K | $34K | $14K | $1 | — | View 990 |
| 2011 | $5K | $8K | $9K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $13, expenses of $4K, and assets of $4K (revenue +550.0% year-over-year).
- 2022: Revenue of $2, expenses of $2K, and assets of $8K (revenue -100.0% year-over-year).
- 2021: Revenue of $10K, expenses of $1K, and assets of $10K (revenue +999900.0% year-over-year).
- 2020: Revenue of $1, expenses of $1K, and assets of $1K (revenue -100.0% year-over-year).
- 2019: Revenue of $3K, expenses of $4K, and assets of $3K (revenue -72.2% year-over-year).
- 2015: Revenue of $9K, expenses of $40K, and assets of $2K (revenue -78.8% year-over-year).
- 2014: Revenue of $43K, expenses of $30K, and assets of $33K (revenue -55.6% year-over-year).
- 2013: Revenue of $96K, expenses of $90K, and assets of $20K (revenue +139.5% year-over-year).
- 2012: Revenue of $40K, expenses of $34K, and assets of $14K (revenue +659.0% year-over-year).
- 2011: Revenue of $5K, expenses of $8K, and assets of $9K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Dermody Family Foundation:
Data Sources and Methodology
This transparency report for Dermody Family 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.