Kenneth Goodman Family Foundation
Kenneth Goodman Family Foundation's assets have declined by over 87% in a decade while consistently spending more than its annual revenue.
EIN: 137407181 · Scottsdale, AZ · NTEE: T20 · Updated: 2026-03-28
Is Kenneth Goodman Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Kenneth Goodman Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Kenneth Goodman Family Foundation
Kenneth Goodman Family Foundation (EIN: 137407181) is a nonprofit organization based in Scottsdale, AZ, classified under NTEE code T20. The organization reported total revenue of $5K and total assets of $1 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kenneth Goodman Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kenneth Goodman Family Foundation is a micro nonprofit that has been operating for 22 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 17.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $18K |
| Total Expenses | $230K |
| Surplus / Deficit | $-211,709 |
| Total Assets | $189K |
| Total Liabilities | $1 |
| Net Assets | $189K |
| Operating Margin | -1165.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 9.9 months |
Financial Health Grade: B
In 2023, Kenneth Goodman Family Foundation reported a deficit of $212K with expenses exceeding revenue, holds 9.9 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), Kenneth Goodman Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 17.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +59.9% | -21.9% | -52.9% |
| 2022 | +160.0% | -27.6% | -41.4% |
| 2021 | -54.2% | +91.6% | -37.0% |
| 2020 | -69.7% | -14.7% | -15.7% |
| 2019 | +778.1% | -44.3% | -41.4% |
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 Kenneth Goodman Family 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Kenneth Goodman Family 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $212K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is either unpaid or compensated through other means not categorized as officer compensation, which is a 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 Kenneth Goodman Family Foundation's IRS 990 filings:
- Consistent and significant deficit spending, leading to rapid asset depletion (e.g., $229,880 expenses vs. $18,171 revenue in 2023).
- Assets have decreased from $1,479,073 in 2011 to $188,831 in 2023, an 87% reduction, raising sustainability concerns.
Strengths
The following positive indicators were identified for Kenneth Goodman Family Foundation:
- Zero officer compensation reported across all filings, indicating efficient use of funds at the executive level.
- Consistently low liabilities ($1 reported), suggesting strong financial solvency in terms of debt.
- As a private foundation, its primary function is grantmaking, implying a direct focus on its mission through disbursements.
Frequently Asked Questions about Kenneth Goodman Family Foundation
Is Kenneth Goodman Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Kenneth Goodman Family Foundation (EIN: 137407181) some concerns. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
How does Kenneth Goodman Family Foundation spend its money?
Kenneth Goodman Family Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Kenneth Goodman Family Foundation tax-deductible?
Kenneth Goodman Family Foundation is registered as a tax-exempt nonprofit (EIN: 137407181). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What is the foundation's long-term strategy for asset management given the consistent decline?
The filings show a consistent draw-down of assets, from $1,479,073 in 2011 to $188,831 in 2023. This suggests a strategy of spending down the endowment, but the specific long-term plan is not detailed in the 990 data.
What are the specific programs or grants funded by the foundation?
The NTEE code T20 indicates it's a private grantmaking foundation, meaning its primary 'program' is making grants. The 990 filings would contain schedules detailing specific grant recipients, which are not provided in this summary data.
Why is the organization's revenue consistently so low compared to its expenses?
As a private foundation, its revenue primarily comes from investment income on its endowment. The low revenue relative to expenses (e.g., $18,171 revenue vs. $229,880 expenses in 2023) indicates it is spending down its principal assets to cover its grantmaking and operational costs.
Filing History
IRS 990 filing history for Kenneth Goodman Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Kenneth Goodman Family Foundation's revenue has grown by 560.8%, moving from $3K to $18K. Total assets decreased by 87.2% over the same period, from $1.5M to $189K. Total functional expenses fell by 71.2%, from $798K to $230K. In its most recent filing year (2023), Kenneth Goodman Family Foundation reported a deficit of $212K, with expenses exceeding revenue. The organization holds $1 in liabilities against $189K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $189K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $18K | $230K | $189K | $1 | — | — |
| 2022 | $11K | $294K | $401K | $1 | — | View 990 |
| 2021 | $4K | $406K | $683K | $1 | — | — |
| 2020 | $10K | $212K | $1.1M | $1 | — | — |
| 2019 | $31K | $248K | $1.3M | $1 | — | View 990 |
| 2015 | $4K | $446K | $2.2M | $1 | — | View 990 |
| 2014 | $2.1M | $506K | $2.6M | $1 | — | View 990 |
| 2013 | $3K | $3K | $1.0M | $1 | — | View 990 |
| 2012 | $-5,585 | $347K | $1.0M | $1 | — | View 990 |
| 2011 | $3K | $798K | $1.5M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $18K, expenses of $230K, and assets of $189K (revenue +59.9% year-over-year).
- 2022: Revenue of $11K, expenses of $294K, and assets of $401K (revenue +160.0% year-over-year).
- 2021: Revenue of $4K, expenses of $406K, and assets of $683K (revenue -54.2% year-over-year).
- 2020: Revenue of $10K, expenses of $212K, and assets of $1.1M (revenue -69.7% year-over-year).
- 2019: Revenue of $31K, expenses of $248K, and assets of $1.3M (revenue +778.1% year-over-year).
- 2015: Revenue of $4K, expenses of $446K, and assets of $2.2M (revenue -99.8% year-over-year).
- 2014: Revenue of $2.1M, expenses of $506K, and assets of $2.6M (revenue +69886.2% year-over-year).
- 2013: Revenue of $3K, expenses of $3K, and assets of $1.0M.
- 2012: Revenue of $-5,585, expenses of $347K, and assets of $1.0M (revenue -303.1% year-over-year).
- 2011: Revenue of $3K, expenses of $798K, and assets of $1.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kenneth Goodman Family Foundation:
Data Sources and Methodology
This transparency report for Kenneth Goodman Family 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.