John L Mccormick Memorial Tr
John L Mccormick Memorial Tr consistently spends more than its annual revenue, drawing down assets over time.
EIN: 206285678 · Fargo, ND · NTEE: T30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.7M |
| Total Expenses | $201K |
| Program Spending | 90% |
| Net Assets | $2.5M |
| Transparency Score | 85/100 |
Is John L Mccormick Memorial Tr Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
John L Mccormick Memorial Tr directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About John L Mccormick Memorial Tr
John L Mccormick Memorial Tr (EIN: 206285678) is a nonprofit organization based in Fargo, ND, classified under NTEE code T30. The organization reported total revenue of $1.7M and total assets of $2.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of John L Mccormick Memorial Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
John L Mccormick Memorial Tr is a mid-size nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $74K |
| Total Expenses | $201K |
| Surplus / Deficit | $-126,943 |
| Total Assets | $2.5M |
| Total Liabilities | $1 |
| Net Assets | $2.5M |
| Operating Margin | -171.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 150.0 months |
Financial Health Grade: B
In 2023, John L Mccormick Memorial Tr reported a deficit of $127K with expenses exceeding revenue, holds 150.0 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 (2011–2023), John L Mccormick Memorial Tr's revenue has grown at a compound annual growth rate (CAGR) of 2.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +31.0% | +7.4% | -5.0% |
| 2022 | -58.6% | -10.6% | -7.1% |
| 2021 | +78.8% | -16.7% | +7.0% |
| 2020 | +16.6% | +307.6% | +11.0% |
| 2019 | -54.3% | -85.2% | -22.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 John L Mccormick Memorial Tr with a Mission Score of 85 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, John L Mccormick Memorial Tr 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $127K, 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 no officers or key employees receive salaries from the organization. This is highly favorable, as it means all operational expenses are directed towards program activities or essential administrative functions, rather than executive salaries.
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 John L Mccormick Memorial Tr's IRS 990 filings:
- Consistent annual expenses exceeding revenue, leading to asset depletion (e.g., 2023: $73,975 revenue vs. $200,918 expenses).
- Significant decline in total assets over the past decade, from $3.32 million in 2011 to $2.51 million in 2023.
Strengths
The following positive indicators were identified for John L Mccormick Memorial Tr:
- Zero officer compensation reported across all filings, indicating high efficiency in executive pay.
- Very low liabilities reported ($0 or $1 across all filings), suggesting strong financial management regarding debt.
- Clear focus on program spending, as indicated by the NTEE code and the absence of fundraising expenses.
Frequently Asked Questions about John L Mccormick Memorial Tr
Is John L Mccormick Memorial Tr a legitimate charity?
Based on AI analysis of IRS 990 filings, John L Mccormick Memorial Tr (EIN: 206285678) some concerns. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
How does John L Mccormick Memorial Tr spend its money?
John L Mccormick Memorial Tr directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to John L Mccormick Memorial Tr tax-deductible?
John L Mccormick Memorial Tr is registered as a tax-exempt nonprofit (EIN: 206285678). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does John L Mccormick Memorial Tr compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), John L Mccormick Memorial Tr 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 John L Mccormick Memorial Tr located?
John L Mccormick Memorial Tr is headquartered in Fargo, North Dakota and files with the IRS under EIN 206285678. It is classified under NTEE code T30.
How many years of IRS 990 filings does John L Mccormick Memorial Tr have?
John L Mccormick Memorial Tr 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 $1.7M in total revenue.
What is the specific purpose of the grants made by the John L Mccormick Memorial Tr?
The NTEE code T30 indicates it's a foundation or grant-making organization, but the specific beneficiaries or causes are not detailed in the provided financial summary.
How does the organization plan to address the consistent decline in its asset base?
The organization's assets have decreased from $3,320,867 in 2011 to $2,510,639 in 2023, while expenses frequently exceed revenue. This trend suggests a need for a strategy to either increase revenue or reduce expenses to maintain its long-term financial health.
Are there any plans to increase revenue generation to support its grant-making activities?
With revenue often significantly lower than expenses (e.g., $73,975 revenue vs. $200,918 expenses in 2023), the organization appears to be relying on its principal assets. Information on future revenue generation strategies would be beneficial.
Filing History
IRS 990 filing history for John L Mccormick Memorial Tr showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), John L Mccormick Memorial Tr's revenue has grown by 36.7%, moving from $54K to $74K. Total assets decreased by 24.4% over the same period, from $3.3M to $2.5M. Total functional expenses rose by 6.1%, from $189K to $201K. In its most recent filing year (2023), John L Mccormick Memorial Tr reported a deficit of $127K, with expenses exceeding revenue. 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. % | |
|---|---|---|---|---|---|---|
| 2023 | $74K | $201K | $2.5M | $1 | — | — |
| 2022 | $56K | $187K | $2.6M | $1 | — | View 990 |
| 2021 | $137K | $209K | $2.8M | $1 | — | View 990 |
| 2020 | $76K | $251K | $2.7M | $1 | — | — |
| 2019 | $66K | $62K | $2.4M | $0 | — | View 990 |
| 2015 | $143K | $415K | $3.1M | $0 | — | View 990 |
| 2014 | $134K | $125K | $3.4M | $0 | — | View 990 |
| 2013 | $105K | $129K | $3.4M | $0 | — | View 990 |
| 2012 | $239K | $140K | $3.4M | $0 | — | View 990 |
| 2011 | $54K | $189K | $3.3M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $74K, expenses of $201K, and assets of $2.5M (revenue +31.0% year-over-year).
- 2022: Revenue of $56K, expenses of $187K, and assets of $2.6M (revenue -58.6% year-over-year).
- 2021: Revenue of $137K, expenses of $209K, and assets of $2.8M (revenue +78.8% year-over-year).
- 2020: Revenue of $76K, expenses of $251K, and assets of $2.7M (revenue +16.6% year-over-year).
- 2019: Revenue of $66K, expenses of $62K, and assets of $2.4M (revenue -54.3% year-over-year).
- 2015: Revenue of $143K, expenses of $415K, and assets of $3.1M (revenue +7.2% year-over-year).
- 2014: Revenue of $134K, expenses of $125K, and assets of $3.4M (revenue +27.7% year-over-year).
- 2013: Revenue of $105K, expenses of $129K, and assets of $3.4M (revenue -56.2% year-over-year).
- 2012: Revenue of $239K, expenses of $140K, and assets of $3.4M (revenue +341.6% year-over-year).
- 2011: Revenue of $54K, expenses of $189K, and assets of $3.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for John L Mccormick Memorial Tr:
Data Sources and Methodology
This transparency report for John L Mccormick Memorial Tr 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.