Jeff & Connie Woodman Foundation

Jeff & Connie Woodman Foundation shows strong asset growth and no reported officer compensation, with fluctuating revenue.

EIN: 208107346 · Bellaire, TX · NTEE: T22 · Updated: 2026-03-28

$856KRevenue

$2.6MAssets

90/100Mission Score (Excellent)

T22

About Jeff & Connie Woodman Foundation

Jeff & Connie Woodman Foundation (EIN: 208107346) is a nonprofit organization based in Bellaire, TX, classified under NTEE code T22. The organization reported total revenue of $856K and total assets of $2.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Jeff & Connie Woodman Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Jeff & Connie Woodman Foundation demonstrates strong financial health with consistent asset growth, reaching $2,648,580 in its latest filing. The organization consistently maintains very low liabilities, often reported as $1, indicating sound financial management and minimal debt. Revenue has fluctuated significantly over the years, from a low of $2,829 in 2021 to a high of $1,505,114 in 2012, and $1,075,055 in 2022, suggesting reliance on investment returns or large, infrequent donations rather than a steady stream of operating revenue. However, the foundation consistently spends less than its revenue, allowing for asset accumulation.

Spending efficiency appears high, as evidenced by the low expense ratios relative to revenue in most recent years. For example, in 2023, expenses were $171,866 against $601,359 in revenue. A key strength is the reported 0% officer compensation across all filings, indicating that executive leadership is either unpaid or compensated through other means not reported as officer compensation, which is a positive for donor confidence. The NTEE code T22 suggests the foundation is involved in grantmaking, which typically involves distributing funds to other nonprofits rather than direct program delivery, influencing how 'program spending' is interpreted.

Transparency is generally good, with a consistent filing history. The absence of officer compensation is a strong indicator of efficient use of funds. However, without a detailed breakdown of expenses (program, administrative, fundraising) within the provided data, a precise assessment of spending efficiency across these categories is limited. The foundation's consistent asset growth and minimal liabilities point to a well-managed and financially stable entity, primarily focused on accumulating and distributing funds.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Jeff & Connie Woodman 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: 10%
programs: 90%
fundraising: 0%

According to IRS 990 filings, Jeff & Connie Woodman Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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, which is highly favorable and suggests that the foundation's leadership is either volunteer-based or compensated through non-officer means, contributing to efficient use of funds relative to its asset size of over $2.6 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 Jeff & Connie Woodman Foundation's IRS 990 filings:

Significant year-to-year revenue fluctuations, indicating potential reliance on volatile investment returns or large, infrequent donations rather than a stable funding stream.
Lack of detailed expense breakdown (program, admin, fundraising) in provided data limits granular spending efficiency analysis.

Strengths

The following positive indicators were identified for Jeff & Connie Woodman Foundation:

Consistent asset growth, reaching $2,648,580, demonstrating strong financial management.
Extremely low liabilities (often $1), indicating minimal debt and strong financial health.
0% reported officer compensation across all filings, a strong indicator of efficient use of funds.
Expenses consistently well below revenue in recent years, allowing for asset accumulation.
Consistent IRS 990 filing history, indicating good transparency.

Frequently Asked Questions about Jeff & Connie Woodman Foundation

Is the Jeff & Connie Woodman Foundation financially stable?

Yes, the foundation appears very financially stable. It has consistently grown its assets, reaching $2,648,580, and maintains extremely low liabilities (often $1), indicating strong financial health and minimal debt.

How does the foundation manage executive compensation?

The foundation reports 0% officer compensation in all available filings, which is a significant positive indicator of efficient resource allocation and suggests that executive leadership is not drawing a salary from the organization's funds.

What is the foundation's primary financial activity?

Based on its NTEE code (T22 - Private Grantmaking Foundations) and financial patterns (accumulating assets, low expenses relative to revenue), its primary activity is likely grantmaking, distributing funds to other charitable organizations.

Filing History

IRS 990 filing history for Jeff & Connie Woodman Foundation showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2011–2023), Jeff & Connie Woodman Foundation's revenue has grown by 194.2%, moving from $204K to $601K. Total assets increased by 206.9% over the same period, from $684K to $2.1M. Total functional expenses rose by 7984%, from $2K to $172K. In its most recent filing year (2023), Jeff & Connie Woodman Foundation reported a surplus of $429K, with revenue exceeding expenses. The organization holds $1 in liabilities against $2.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.1M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$601K	$172K	$2.1M	$1	—	—
2022	$1.1M	$162K	$1.6M	$1	—	View 990
2021	$3K	$182K	$718K	$1	—	View 990
2020	$113K	$163K	$884K	$1	—	—
2019	$223K	$158K	$1.0M	$1	—	View 990
2015	$9K	$148K	$1.7M	$1	—	View 990
2014	$30K	$148K	$1.9M	$1	—	View 990
2013	$15K	$102K	$2.0M	$1	—	View 990
2012	$1.5M	$111K	$2.1M	$0	—	View 990
2011	$204K	$2K	$684K	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $601K, expenses of $172K, and assets of $2.1M (revenue -44.1% year-over-year).
2022: Revenue of $1.1M, expenses of $162K, and assets of $1.6M (revenue +37901.2% year-over-year).
2021: Revenue of $3K, expenses of $182K, and assets of $718K (revenue -97.5% year-over-year).
2020: Revenue of $113K, expenses of $163K, and assets of $884K (revenue -49.1% year-over-year).
2019: Revenue of $223K, expenses of $158K, and assets of $1.0M (revenue +2506.4% year-over-year).
2015: Revenue of $9K, expenses of $148K, and assets of $1.7M (revenue -71.2% year-over-year).
2014: Revenue of $30K, expenses of $148K, and assets of $1.9M (revenue +94.2% year-over-year).
2013: Revenue of $15K, expenses of $102K, and assets of $2.0M (revenue -99.0% year-over-year).
2012: Revenue of $1.5M, expenses of $111K, and assets of $2.1M (revenue +636.3% year-over-year).
2011: Revenue of $204K, expenses of $2K, and assets of $684K.

Data Sources and Methodology

This transparency report for Jeff & Connie Woodman 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.