Elizabeth And Kevin A Tattam Foundation Inc
Elizabeth And Kevin A Tattam Foundation Inc maintains strong asset growth and zero officer compensation amidst fluctuating revenues.
EIN: 201035767 · Anna Maria, FL · NTEE: T22 · Updated: 2026-03-28
Is Elizabeth And Kevin A Tattam Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Elizabeth And Kevin A Tattam Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Elizabeth And Kevin A Tattam Foundation Inc
Elizabeth And Kevin A Tattam Foundation Inc (EIN: 201035767) is a nonprofit organization based in Anna Maria, FL, classified under NTEE code T22. The organization reported total revenue of $1.8M and total assets of $3.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Elizabeth And Kevin A Tattam Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Elizabeth And Kevin A Tattam Foundation Inc is a mid-size nonprofit that has been operating for 20 years, with 9 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 4.8%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $171K |
| Total Expenses | $141K |
| Surplus / Deficit | +$30K |
| Total Assets | $2.5M |
| Total Liabilities | $1 |
| Net Assets | $2.5M |
| Operating Margin | 17.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 214.5 months |
Financial Health Grade: A
In 2022, Elizabeth And Kevin A Tattam Foundation Inc reported a surplus of $30K with revenue exceeding expenses, holds 214.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 9 years of filings (2011–2022), Elizabeth And Kevin A Tattam Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -64.8% | +11.5% | +2.0% |
| 2021 | +2166.1% | -14.9% | +8.5% |
| 2020 | -74.9% | +3.5% | -5.3% |
| 2019 | +36.1% | +155.0% | +0.2% |
| 2015 | -89.7% | +12.4% | +31.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Elizabeth And Kevin A Tattam Foundation Inc with a Mission Score of 92 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: 90%
- fundraising: 5%
According to IRS 990 filings, Elizabeth And Kevin A Tattam Foundation Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $30K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that officers are either unpaid or compensated through non-officer channels, which is highly favorable for resource allocation given the organization's asset base of over $3.6 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 Elizabeth And Kevin A Tattam Foundation Inc's IRS 990 filings:
- Highly fluctuating revenue makes long-term financial planning and consistent program delivery potentially challenging.
Strengths
The following positive indicators were identified for Elizabeth And Kevin A Tattam Foundation Inc:
- Consistent asset growth, from $681,849 in 2011 to $3,673,129 currently.
- Zero officer compensation reported across all filings, indicating high efficiency in leadership costs.
- Extremely low liabilities ($1 consistently), demonstrating strong financial stability and low risk.
- Expenses are consistently low relative to revenue and assets, suggesting efficient operations.
- Strong financial reserves with assets significantly exceeding annual expenses.
Frequently Asked Questions about Elizabeth And Kevin A Tattam Foundation Inc
Is Elizabeth And Kevin A Tattam Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Elizabeth And Kevin A Tattam Foundation Inc (EIN: 201035767) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Elizabeth And Kevin A Tattam Foundation Inc spend its money?
Elizabeth And Kevin A Tattam Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Elizabeth And Kevin A Tattam Foundation Inc tax-deductible?
Elizabeth And Kevin A Tattam Foundation Inc is registered as a tax-exempt nonprofit (EIN: 201035767). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Elizabeth And Kevin A Tattam Foundation Inc a good charity?
Based on the available IRS 990 data, the foundation appears to be a very good charity. It demonstrates strong financial health with growing assets, minimal liabilities, and a consistent record of 0% officer compensation, suggesting efficient use of funds.
How has the foundation's financial health changed over time?
The foundation's financial health has significantly improved over time, with assets growing from $681,849 in 2011 to $3,673,129 in the latest period. Liabilities have remained consistently minimal ($1), indicating strong financial stability.
What is the trend in the foundation's revenue?
The foundation's revenue has been highly volatile, ranging from a low of $21,469 in 2020 to a high of $1,768,261 in the latest period. Despite these fluctuations, the overall trend in assets is positive.
Filing History
IRS 990 filing history for Elizabeth And Kevin A Tattam Foundation Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2022), Elizabeth And Kevin A Tattam Foundation Inc's revenue has grown by 67.6%, moving from $102K to $171K. Total assets increased by 269.9% over the same period, from $682K to $2.5M. Total functional expenses rose by 122.2%, from $64K to $141K. In its most recent filing year (2022), Elizabeth And Kevin A Tattam Foundation Inc reported a surplus of $30K, with revenue exceeding expenses. The organization holds $1 in liabilities against $2.5M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $171K | $141K | $2.5M | $1 | — | View 990 |
| 2021 | $487K | $127K | $2.5M | $1 | — | View 990 |
| 2020 | $21K | $149K | $2.3M | $1 | — | View 990 |
| 2019 | $86K | $144K | $2.4M | $1 | — | — |
| 2015 | $63K | $56K | $2.4M | $1 | — | View 990 |
| 2014 | $609K | $50K | $1.8M | $1 | — | View 990 |
| 2013 | $577K | $38K | $1.1M | $1 | — | View 990 |
| 2012 | $110K | $57K | $736K | $1 | — | View 990 |
| 2011 | $102K | $64K | $682K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $171K, expenses of $141K, and assets of $2.5M (revenue -64.8% year-over-year).
- 2021: Revenue of $487K, expenses of $127K, and assets of $2.5M (revenue +2166.1% year-over-year).
- 2020: Revenue of $21K, expenses of $149K, and assets of $2.3M (revenue -74.9% year-over-year).
- 2019: Revenue of $86K, expenses of $144K, and assets of $2.4M (revenue +36.1% year-over-year).
- 2015: Revenue of $63K, expenses of $56K, and assets of $2.4M (revenue -89.7% year-over-year).
- 2014: Revenue of $609K, expenses of $50K, and assets of $1.8M (revenue +5.6% year-over-year).
- 2013: Revenue of $577K, expenses of $38K, and assets of $1.1M (revenue +422.5% year-over-year).
- 2012: Revenue of $110K, expenses of $57K, and assets of $736K (revenue +8.2% year-over-year).
- 2011: Revenue of $102K, expenses of $64K, and assets of $682K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Elizabeth And Kevin A Tattam Foundation Inc:
Data Sources and Methodology
This transparency report for Elizabeth And Kevin A Tattam 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.