Herb Waltermire Community Enhancement Foundation Inc
Herb Waltermire Community Enhancement Foundation Inc shows declining assets and volatile revenue, but maintains minimal liabilities and no officer compensation.
EIN: 201772525 · Great Falls, MT · NTEE: T30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $152K |
| Total Expenses | $60K |
| Program Spending | 75% |
| Net Assets | $880K |
| Transparency Score | 70/100 |
Is Herb Waltermire Community Enhancement Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Herb Waltermire Community Enhancement Foundation Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Herb Waltermire Community Enhancement Foundation Inc
Herb Waltermire Community Enhancement Foundation Inc (EIN: 201772525) is a nonprofit organization based in Great Falls, MT, classified under NTEE code T30. The organization reported total revenue of $152K and total assets of $872K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Herb Waltermire Community Enhancement Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Herb Waltermire Community Enhancement Foundation Inc is a small nonprofit that has been operating for 22 years, with 10 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of -1.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $56K |
| Total Expenses | $60K |
| Surplus / Deficit | $-3,784 |
| Total Assets | $880K |
| Total Liabilities | $1 |
| Net Assets | $880K |
| Operating Margin | -6.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 177.3 months |
Financial Health Grade: B
In 2024, Herb Waltermire Community Enhancement Foundation Inc reported a deficit of $4K with expenses exceeding revenue, holds 177.3 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 (2012–2024), Herb Waltermire Community Enhancement Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -104.4% | -55.3% | -5.0% |
| 2022 | +9.9% | +53.1% | -5.3% |
| 2021 | -72.6% | +66.8% | -2.4% |
| 2020 | +252.6% | -39.6% | +12.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Herb Waltermire Community Enhancement Foundation Inc 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: 75%
- fundraising: 10%
According to IRS 990 filings, Herb Waltermire Community Enhancement Foundation Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
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 reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through non-officer roles, which is a strong 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 Herb Waltermire Community Enhancement Foundation Inc's IRS 990 filings:
- Declining asset base from $1,031,606 in 202006 to $880,419 in 202406
- Volatile revenue, including negative revenue of $-1,779 in 202306
- Expenses frequently exceeding revenue in recent years (e.g., 202406: $59,575 expenses vs. $55,791 revenue; 202206: $93,355 expenses vs. $40,124 revenue)
Strengths
The following positive indicators were identified for Herb Waltermire Community Enhancement Foundation Inc:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds for leadership
- Extremely low liabilities ($1 in most recent filings), suggesting no significant debt burden
- Long history of IRS 990 filings (10 filings), demonstrating transparency and compliance
Frequently Asked Questions about Herb Waltermire Community Enhancement Foundation Inc
Is Herb Waltermire Community Enhancement Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Herb Waltermire Community Enhancement Foundation Inc (EIN: 201772525) some concerns. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
How does Herb Waltermire Community Enhancement Foundation Inc spend its money?
Herb Waltermire Community Enhancement Foundation Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Herb Waltermire Community Enhancement Foundation Inc tax-deductible?
Herb Waltermire Community Enhancement Foundation Inc is registered as a tax-exempt nonprofit (EIN: 201772525). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Herb Waltermire Community Enhancement Foundation Inc's spending goes to programs?
Herb Waltermire Community Enhancement Foundation Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Herb Waltermire Community Enhancement Foundation Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Herb Waltermire Community Enhancement Foundation Inc is above average for NTEE category T30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Herb Waltermire Community Enhancement Foundation Inc located?
Herb Waltermire Community Enhancement Foundation Inc is headquartered in Great Falls, Montana and files with the IRS under EIN 201772525. It is classified under NTEE code T30.
How many years of IRS 990 filings does Herb Waltermire Community Enhancement Foundation Inc have?
Herb Waltermire Community Enhancement Foundation Inc 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 $152K in total revenue.
Is the Herb Waltermire Community Enhancement Foundation Inc financially stable given its declining assets?
While assets have declined from $1,031,606 in 202006 to $880,419 in 202406, the organization consistently reports minimal liabilities ($1 in most recent filings), suggesting it is not burdened by debt. However, the trend warrants monitoring.
What caused the negative revenue reported in 202306?
The provided data does not specify the reason for the $-1,779 revenue in 202306. This could be due to investment losses, significant returns, or accounting adjustments, and would require further investigation into the detailed financial statements.
How does the lack of officer compensation impact the organization?
The 0% officer compensation across all filings indicates that a significant portion of funds can be directed towards programs and operations rather than executive salaries, potentially increasing the organization's impact per dollar.
Filing History
IRS 990 filing history for Herb Waltermire Community Enhancement Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2024), Herb Waltermire Community Enhancement Foundation Inc's revenue has declined by 12.9%, moving from $64K to $56K. Total assets decreased by 10.5% over the same period, from $984K to $880K. Total functional expenses fell by 25.6%, from $80K to $60K. In its most recent filing year (2024), Herb Waltermire Community Enhancement Foundation Inc reported a deficit of $4K, with expenses exceeding revenue. The organization holds $1 in liabilities against $880K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $880K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $56K | $60K | $880K | $1 | — | — |
| 2023 | $-1,779 | $42K | $907K | $1 | — | View 990 |
| 2022 | $40K | $93K | $954K | $1 | — | — |
| 2021 | $36K | $61K | $1.0M | $1 | — | — |
| 2020 | $133K | $37K | $1.0M | $1 | — | — |
| 2016 | $38K | $61K | $921K | $147 | — | View 990 |
| 2015 | $86K | $75K | $944K | $1 | — | View 990 |
| 2014 | $73K | $98K | $932K | $1 | — | View 990 |
| 2013 | $71K | $97K | $957K | $1 | — | View 990 |
| 2012 | $64K | $80K | $984K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $56K, expenses of $60K, and assets of $880K.
- 2023: Revenue of $-1,779, expenses of $42K, and assets of $907K (revenue -104.4% year-over-year).
- 2022: Revenue of $40K, expenses of $93K, and assets of $954K (revenue +9.9% year-over-year).
- 2021: Revenue of $36K, expenses of $61K, and assets of $1.0M (revenue -72.6% year-over-year).
- 2020: Revenue of $133K, expenses of $37K, and assets of $1.0M (revenue +252.6% year-over-year).
- 2016: Revenue of $38K, expenses of $61K, and assets of $921K (revenue -56.2% year-over-year).
- 2015: Revenue of $86K, expenses of $75K, and assets of $944K (revenue +18.0% year-over-year).
- 2014: Revenue of $73K, expenses of $98K, and assets of $932K (revenue +3.4% year-over-year).
- 2013: Revenue of $71K, expenses of $97K, and assets of $957K (revenue +10.6% year-over-year).
- 2012: Revenue of $64K, expenses of $80K, and assets of $984K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Herb Waltermire Community Enhancement Foundation Inc:
Data Sources and Methodology
This transparency report for Herb Waltermire Community Enhancement 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.