Dr Willard E And Ella N Romberg Supporting Foundation

Romberg Supporting Foundation maintains stable assets and zero executive compensation over a decade.

EIN: 204245696 · New Ulm, MN · NTEE: X122 · Updated: 2026-03-28

$558KRevenue

$4.7MAssets

90/100Mission Score (Excellent)

X122

About Dr Willard E And Ella N Romberg Supporting Foundation

Dr Willard E And Ella N Romberg Supporting Foundation (EIN: 204245696) is a nonprofit organization based in New Ulm, MN, classified under NTEE code X122. The organization reported total revenue of $558K and total assets of $4.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Dr Willard E And Ella N Romberg Supporting Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Dr Willard E And Ella N Romberg Supporting Foundation demonstrates consistent financial activity as a supporting organization. Its assets have generally grown over the past decade, reaching $4,440,942 in 2023, up from $3,758,649 in 2014. Revenue and expenses fluctuate year-to-year, which is common for foundations, with 2023 showing expenses ($232,345) exceeding revenue ($138,906), leading to a decrease in net assets for that period. However, this is balanced by periods of significant revenue, such as $551,325 in 2021.

The organization appears to maintain a lean operational structure, as indicated by the consistent 0% officer compensation across all reported periods. This suggests that administrative costs are likely minimal, contributing to efficient use of funds. As a supporting foundation, its primary function is to support other organizations, and the lack of officer compensation is a strong indicator of financial prudence and a focus on its charitable purpose.

Transparency is high given the consistent filing of IRS Form 990s over 13 periods, providing a clear historical financial record. The absence of officer compensation also simplifies the analysis of how funds are allocated, reinforcing a perception of trustworthiness. The foundation's financial health appears stable, with substantial assets to continue its mission despite annual fluctuations in revenue and expenses.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Dr Willard E And Ella N Romberg Supporting Foundation with a Mission Score of 90 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: 5%
programs: 95%
fundraising: 0%

According to IRS 990 filings, Dr Willard E And Ella N Romberg Supporting Foundation allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries from the foundation. This is a significant positive for a foundation of its size, with assets over $4 million, suggesting a highly volunteer-driven or externally managed operational model.

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 Dr Willard E And Ella N Romberg Supporting Foundation's IRS 990 filings:

Expenses exceeded revenue in 2023 ($232,345 vs $138,906), leading to a decrease in net assets for that period.

Strengths

The following positive indicators were identified for Dr Willard E And Ella N Romberg Supporting Foundation:

Consistent 0% officer compensation across all reported periods, indicating high efficiency.
Strong asset base, with assets of $4,440,942 in 2023.
Long history of transparent IRS 990 filings (13 filings).
Lean operational structure, likely maximizing funds for charitable purposes.

Frequently Asked Questions about Dr Willard E And Ella N Romberg Supporting Foundation

Is the Dr Willard E And Ella N Romberg Supporting Foundation a good charity?

Based on the provided data, the foundation appears to be a good charity. It consistently reports 0% officer compensation, indicating a strong commitment to directing funds towards its mission rather than administrative salaries. Its assets are substantial, and it has a long history of transparent IRS 990 filings.

How does the foundation manage its expenses given 0% officer compensation?

The 0% officer compensation suggests that the foundation likely operates with volunteer leadership or outsources administrative functions, keeping internal salary costs at zero. This is a highly efficient model for a supporting foundation.

What is the trend in the foundation's assets?

The foundation's assets have generally grown over the past decade, from $3,758,649 in 2014 to $4,440,942 in 2023, despite some year-to-year fluctuations, such as a dip from $5,025,617 in 2021 to $4,440,942 in 2023.

Filing History

IRS 990 filing history for Dr Willard E And Ella N Romberg Supporting Foundation showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Dr Willard E And Ella N Romberg Supporting Foundation's revenue has declined by 32.7%, moving from $206K to $139K. Total assets increased by 38.6% over the same period, from $3.2M to $4.4M. Total functional expenses rose by 43.4%, from $162K to $232K. In its most recent filing year (2023), Dr Willard E And Ella N Romberg Supporting Foundation reported a deficit of $93K, with expenses exceeding revenue. The organization holds $222K in liabilities against $4.4M in assets (debt-to-asset ratio: 5.0%), resulting in net assets of $4.2M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$139K	$232K	$4.4M	$222K	—	—
2022	$185K	$210K	$4.0M	$199K	—	View 990
2021	$551K	$263K	$5.0M	$251K	—	View 990
2020	$207K	$248K	$4.8M	$238K	—	—
2019	$171K	$219K	$4.2M	$209K	—	View 990
2018	$432K	$186K	$3.6M	$181K	—	View 990
2017	$362K	$205K	$4.1M	$203K	—	View 990
2016	$231K	$186K	$3.7M	$184K	—	View 990
2015	$225K	$182K	$3.6M	$181K	—	View 990
2014	$288K	$190K	$3.8M	$188K	—	View 990
2013	$111K	$175K	$3.5M	$174K	—	View 990
2012	$178K	$172K	$3.4M	$171K	—	View 990
2011	$206K	$162K	$3.2M	$160K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $139K, expenses of $232K, and assets of $4.4M (revenue -24.8% year-over-year).
2022: Revenue of $185K, expenses of $210K, and assets of $4.0M (revenue -66.5% year-over-year).
2021: Revenue of $551K, expenses of $263K, and assets of $5.0M (revenue +166.6% year-over-year).
2020: Revenue of $207K, expenses of $248K, and assets of $4.8M (revenue +21.1% year-over-year).
2019: Revenue of $171K, expenses of $219K, and assets of $4.2M (revenue -60.5% year-over-year).
2018: Revenue of $432K, expenses of $186K, and assets of $3.6M (revenue +19.6% year-over-year).
2017: Revenue of $362K, expenses of $205K, and assets of $4.1M (revenue +56.7% year-over-year).
2016: Revenue of $231K, expenses of $186K, and assets of $3.7M (revenue +2.7% year-over-year).
2015: Revenue of $225K, expenses of $182K, and assets of $3.6M (revenue -21.9% year-over-year).
2014: Revenue of $288K, expenses of $190K, and assets of $3.8M (revenue +158.1% year-over-year).
2013: Revenue of $111K, expenses of $175K, and assets of $3.5M (revenue -37.5% year-over-year).
2012: Revenue of $178K, expenses of $172K, and assets of $3.4M (revenue -13.6% year-over-year).
2011: Revenue of $206K, expenses of $162K, and assets of $3.2M.

Data Sources and Methodology

This transparency report for Dr Willard E And Ella N Romberg Supporting 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.