Horlacher Foundation Inc
Horlacher Foundation faces consistent operating deficits and declining assets.
EIN: 202777772 · Stevensville, MT · NTEE: T23 · Updated: 2026-03-28
Is Horlacher Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Horlacher Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Horlacher Foundation Inc
Horlacher Foundation Inc (EIN: 202777772) is a nonprofit organization based in Stevensville, MT, classified under NTEE code T23. The organization reported total revenue of $328K and total assets of $2.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Horlacher Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Horlacher Foundation Inc with a Mission Score of 60 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, Horlacher Foundation Inc 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.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no salaries were paid to officers, which is a positive sign for minimizing administrative overhead relative to the organization's size and asset base.
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 Horlacher Foundation Inc's IRS 990 filings:
- Consistent operating deficits: Expenses have significantly exceeded revenue in recent years (e.g., $196,905 expenses vs. $19,944 revenue in 2023).
- Declining asset base: Assets have decreased from $2,872,531 in 2020 to $2,522,593 in 2023, indicating a draw-down of reserves.
- Significant revenue volatility: Revenue has fluctuated wildly, from $808,202 in 2020 to $19,944 in 2023, making financial planning challenging.
Strengths
The following positive indicators were identified for Horlacher Foundation Inc:
- No reported officer compensation: 0% officer compensation across all filings indicates efficient use of funds by minimizing executive salary overhead.
- Substantial asset base: Despite recent declines, the foundation still holds over $2.5 million in assets, providing a buffer for operations.
- Consistent IRS 990 filing history: The organization has a history of filing its IRS 990s, indicating a commitment to transparency.
Frequently Asked Questions about Horlacher Foundation Inc
Is Horlacher Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Horlacher Foundation Inc (EIN: 202777772) some concerns. Mission Score: 60/100. 3 red flags identified, 3 strengths noted.
How does Horlacher Foundation Inc spend its money?
Horlacher Foundation Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Horlacher Foundation Inc tax-deductible?
Horlacher Foundation Inc is registered as a tax-exempt nonprofit (EIN: 202777772). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Horlacher Foundation Inc. financially sustainable given its recent operating deficits?
The foundation has consistently reported expenses exceeding revenue since 2021, with a significant deficit of $176,961 in 2023. While it has substantial assets ($2,522,593 in 2023), this trend of drawing down assets is not sustainable long-term without a change in revenue generation or expense management.
What is the primary cause of the declining asset base?
The declining asset base, from $2,812,431 in 2021 to $2,522,593 in 2023, is primarily due to the organization's consistent operating deficits, where annual expenses have exceeded annual revenues.
How does the foundation fund its operations without officer compensation?
The data indicates 0% officer compensation, suggesting that leadership may be voluntary or compensated through other means not reported as officer compensation, or that the foundation operates with minimal paid staff at the executive level.
Filing History
IRS 990 filing history for Horlacher Foundation Inc showing financial trends over 9 years of public records:
Total assets decreased by 63% over the same period, from $6.8M to $2.5M. Total functional expenses fell by 57.1%, from $459K to $197K. In its most recent filing year (2023), Horlacher Foundation Inc reported a deficit of $177K, with expenses exceeding revenue. The organization holds $3K in liabilities against $2.5M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $2.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $20K | $197K | $2.5M | $3K | — | — |
| 2022 | $87K | $147K | $2.7M | $1K | — | View 990 |
| 2021 | $102K | $161K | $2.8M | $57K | — | — |
| 2020 | $808K | $493K | $2.9M | $58K | — | View 990 |
| 2019 | $423K | $485K | $3.7M | $1.2M | — | View 990 |
| 2015 | $487K | $400K | $4.2M | $1.4M | — | View 990 |
| 2014 | $381K | $456K | $4.2M | $1.5M | — | View 990 |
| 2012 | $332K | $344K | $6.8M | $1.5M | — | View 990 |
| 2011 | $-239,109 | $459K | $6.8M | $1.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $20K, expenses of $197K, and assets of $2.5M (revenue -77.2% year-over-year).
- 2022: Revenue of $87K, expenses of $147K, and assets of $2.7M (revenue -14.0% year-over-year).
- 2021: Revenue of $102K, expenses of $161K, and assets of $2.8M (revenue -87.4% year-over-year).
- 2020: Revenue of $808K, expenses of $493K, and assets of $2.9M (revenue +90.9% year-over-year).
- 2019: Revenue of $423K, expenses of $485K, and assets of $3.7M (revenue -13.1% year-over-year).
- 2015: Revenue of $487K, expenses of $400K, and assets of $4.2M (revenue +27.9% year-over-year).
- 2014: Revenue of $381K, expenses of $456K, and assets of $4.2M (revenue +14.6% year-over-year).
- 2012: Revenue of $332K, expenses of $344K, and assets of $6.8M.
- 2011: Revenue of $-239,109, expenses of $459K, and assets of $6.8M.
Data Sources and Methodology
This transparency report for Horlacher 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.