Jimmie Johnson Foundation

Jimmie Johnson Foundation faces recurring deficits despite zero officer compensation.

EIN: 202387645 · Charlotte, NC · NTEE: T22 · Updated: 2026-03-28

$436KRevenue

$185KAssets

70/100Mission Score (Good)

T22

About Jimmie Johnson Foundation

Jimmie Johnson Foundation (EIN: 202387645) is a nonprofit organization based in Charlotte, NC, classified under NTEE code T22. The organization reported total revenue of $436K and total assets of $185K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Jimmie Johnson Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Jimmie Johnson Foundation exhibits fluctuating financial health, with recent years showing a concerning trend of expenses exceeding revenue. For instance, in 2023, the organization reported revenue of $94,386 against expenses of $234,476, indicating a significant deficit. This pattern of spending more than it takes in has been observed in multiple periods, such as 2019 ($785,829 revenue vs. $925,856 expenses) and 2018 ($838,330 revenue vs. $1,132,875 expenses). While the foundation has maintained zero officer compensation across all reported periods, which is a positive indicator of resource allocation towards its mission, the consistent operational deficits raise questions about long-term sustainability and reliance on prior year reserves or future fundraising success.

The organization's transparency appears strong regarding executive compensation, as no officer compensation has been reported. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories from the provided data, a precise assessment of spending efficiency is challenging. The significant swings in revenue and expenses year-over-year suggest potential reliance on event-based fundraising or large, infrequent donations, which can lead to financial instability. The latest assets of $184,844 against liabilities of $2,740 (2023) show a healthy asset-to-liability ratio, but the overall trend of declining assets from a high of $553,992 in 2015 to $184,844 currently, coupled with recent deficits, warrants close monitoring.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Jimmie Johnson Foundation 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: 80%
fundraising: 5%

According to IRS 990 filings, Jimmie Johnson Foundation 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 consistently reported at 0% across all available filings, indicating that no salaries or benefits are paid to officers, which is highly commendable for a foundation of this size.

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 Jimmie Johnson Foundation's IRS 990 filings:

Recurring operational deficits (e.g., 2023: $94,386 revenue vs. $234,476 expenses)
Significant year-over-year fluctuations in revenue and expenses, indicating potential instability
Declining asset base over the past several years (from $553,992 in 2015 to $184,844 currently)

Strengths

The following positive indicators were identified for Jimmie Johnson Foundation:

Consistent 0% officer compensation, indicating efficient use of funds for mission-related activities
Low liabilities relative to assets, suggesting good debt management
Long filing history (13 filings) indicates consistent compliance and transparency

Frequently Asked Questions about Jimmie Johnson Foundation

Is the Jimmie Johnson Foundation financially sustainable given its recurring deficits?

The foundation has experienced several years where expenses exceeded revenue, notably in 2023 ($94,386 revenue vs. $234,476 expenses) and 2019 ($785,829 revenue vs. $925,856 expenses). This trend raises concerns about long-term financial sustainability if not addressed through increased revenue or reduced spending.

What is the primary cause of the significant fluctuations in annual revenue and expenses?

The data shows substantial year-over-year variations in both revenue and expenses, for example, revenue dropped from $907,156 in 2022 to $94,386 in 2023. This could indicate a reliance on large, infrequent fundraising events or donations, which can lead to unpredictable financial performance.

How does the foundation manage its liabilities, especially given the fluctuating assets?

While assets have fluctuated significantly, from a high of $553,992 in 2015 to $184,844 currently, liabilities have generally remained low, with the latest reported at $2,740 in 2023. This suggests responsible management of debt, even amidst financial variability.

Filing History

IRS 990 filing history for Jimmie Johnson Foundation showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Jimmie Johnson Foundation's revenue has declined by 92.8%, moving from $1.3M to $94K. Total assets increased by 12.8% over the same period, from $262K to $296K. Total functional expenses fell by 83%, from $1.4M to $234K. In its most recent filing year (2023), Jimmie Johnson Foundation reported a deficit of $140K, with expenses exceeding revenue. The organization holds $3K in liabilities against $296K in assets (debt-to-asset ratio: 0.9%), resulting in net assets of $293K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$94K	$234K	$296K	$3K	—	View 990
2022	$907K	$733K	$438K	$5K	—	—
2021	$478K	$427K	$270K	$11K	—	View 990
2020	$865K	$801K	$242K	$35K	—	—
2019	$786K	$926K	$279K	$297K	—	View 990
2018	$838K	$1.1M	$23K	$67K	—	View 990
2017	$1.5M	$1.8M	$94K	$21K	—	View 990
2016	$1.3M	$1.2M	$490K	$340K	—	View 990
2015	$1.1M	$1.2M	$554K	$515K	—	View 990
2014	$1.1M	$1.2M	$272K	$347K	—	View 990
2013	$1.1M	$960K	$145K	$196K	—	View 990
2012	$1.3M	$1.4M	$279K	$434K	—	View 990
2011	$1.3M	$1.4M	$262K	$324K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $94K, expenses of $234K, and assets of $296K (revenue -89.6% year-over-year).
2022: Revenue of $907K, expenses of $733K, and assets of $438K (revenue +89.8% year-over-year).
2021: Revenue of $478K, expenses of $427K, and assets of $270K (revenue -44.8% year-over-year).
2020: Revenue of $865K, expenses of $801K, and assets of $242K (revenue +10.1% year-over-year).
2019: Revenue of $786K, expenses of $926K, and assets of $279K (revenue -6.3% year-over-year).
2018: Revenue of $838K, expenses of $1.1M, and assets of $23K (revenue -44.8% year-over-year).
2017: Revenue of $1.5M, expenses of $1.8M, and assets of $94K (revenue +15.1% year-over-year).
2016: Revenue of $1.3M, expenses of $1.2M, and assets of $490K (revenue +20.9% year-over-year).
2015: Revenue of $1.1M, expenses of $1.2M, and assets of $554K (revenue -5.1% year-over-year).
2014: Revenue of $1.1M, expenses of $1.2M, and assets of $272K (revenue +7.6% year-over-year).
2013: Revenue of $1.1M, expenses of $960K, and assets of $145K (revenue -18.8% year-over-year).
2012: Revenue of $1.3M, expenses of $1.4M, and assets of $279K (revenue +0.3% year-over-year).
2011: Revenue of $1.3M, expenses of $1.4M, and assets of $262K.

Data Sources and Methodology

This transparency report for Jimmie Johnson 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.