Lc And Mary Worley Memorialfoundation

Lc And Mary Worley Memorialfoundation consistently spends more than its annual revenue, drawing down its assets.

EIN: 203964693 · Longview, TX · NTEE: T20 · Updated: 2026-03-28

$1.2MRevenue

$7.1MAssets

85/100Mission Score (Excellent)

T20

About Lc And Mary Worley Memorialfoundation

Lc And Mary Worley Memorialfoundation (EIN: 203964693) is a nonprofit organization based in Longview, TX, classified under NTEE code T20. The organization reported total revenue of $1.2M and total assets of $7.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lc And Mary Worley Memorialfoundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Lc And Mary Worley Memorialfoundation appears to be a grant-making organization, as indicated by its NTEE code T20 (Private Grantmaking Foundations). Its financial health shows a consistent decline in assets over the past decade, from $9,210,571 in 2012 to $7,151,346 in 2023, suggesting that it is spending down its endowment. Revenue has fluctuated significantly, with a notable spike in 2012 ($7,730,390) which was an outlier compared to subsequent years where revenue typically ranged from $200,000 to $500,000. 

The organization consistently reports zero officer compensation, which is a positive indicator for resource allocation directly to its mission. However, without detailed expense breakdowns (program, administrative, fundraising) from the provided data, a precise assessment of spending efficiency is challenging. The consistent reporting of minimal liabilities ($1 in recent years) suggests sound financial management in terms of debt. Transparency is generally good through its regular 990 filings, but the lack of detailed expense categories in the provided summary limits a deeper analysis of how funds are specifically utilized.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Lc And Mary Worley Memorialfoundation 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, Lc And Mary Worley Memorialfoundation 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

The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers, which is highly efficient for a foundation of its 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 Lc And Mary Worley Memorialfoundation's IRS 990 filings:

Consistent net operating losses (expenses exceeding revenue) in most recent years, leading to asset depletion.
Significant fluctuation in annual revenue, making financial planning potentially challenging.

Strengths

The following positive indicators were identified for Lc And Mary Worley Memorialfoundation:

Zero officer compensation, indicating efficient use of funds for its mission.
Very low liabilities, suggesting strong financial management and minimal debt.
Consistent filing of IRS Form 990s, demonstrating transparency.
NTEE code T20 (Private Grantmaking Foundations) suggests a clear focus on philanthropic distribution.

Frequently Asked Questions about Lc And Mary Worley Memorialfoundation

Is Lc And Mary Worley Memorialfoundation a good charity?

Based on the available data, the foundation appears to be a well-managed grant-making entity with no officer compensation, which is a strong positive. Its consistent asset draw-down suggests it is actively fulfilling its purpose by distributing funds. However, without knowing the specific grantees or impact, a full assessment of 'goodness' is limited.

Why are the assets decreasing over time?

The assets are decreasing because the organization's annual expenses consistently exceed its annual revenue. For example, in 2023, revenue was $524,112 while expenses were $631,975, leading to a net loss and a reduction in assets.

What is the primary source of the organization's revenue?

While not explicitly stated in the provided data, for a private grantmaking foundation (NTEE T20), the primary source of revenue is typically investment income from its endowment, contributions, or a combination thereof. The fluctuating revenue suggests a reliance on investment performance or irregular contributions.

How does the organization ensure its long-term sustainability given the asset draw-down?

The consistent draw-down of assets suggests the foundation might be operating with a spend-down strategy, meaning it intends to distribute all its assets over a defined period rather than maintaining a perpetual endowment. Without further information, it's difficult to determine if this is a deliberate strategy or a challenge.

Filing History

IRS 990 filing history for Lc And Mary Worley Memorialfoundation showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2011–2023), Lc And Mary Worley Memorialfoundation's revenue has grown by 626.6%, moving from $72K to $524K. Total assets increased by 410.1% over the same period, from $1.4M to $7.2M. Total functional expenses rose by 753.6%, from $74K to $632K. In its most recent filing year (2023), Lc And Mary Worley Memorialfoundation reported a deficit of $108K, with expenses exceeding revenue. The organization holds $1 in liabilities against $7.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $7.2M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$524K	$632K	$7.2M	$1	—	View 990
2022	$248K	$632K	$7.3M	$1	—	View 990
2021	$540K	$629K	$7.7M	$1	—	View 990
2020	$394K	$625K	$7.7M	$1	—	View 990
2019	$327K	$577K	$8.0M	$1	—	View 990
2015	$291K	$534K	$8.7M	$387	—	View 990
2014	$268K	$541K	$8.8M	$236	—	View 990
2013	$218K	$538K	$9.0M	$0	—	View 990
2012	$7.7M	$81K	$9.2M	$6K	—	View 990
2011	$72K	$74K	$1.4M	$793	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $524K, expenses of $632K, and assets of $7.2M (revenue +111.6% year-over-year).
2022: Revenue of $248K, expenses of $632K, and assets of $7.3M (revenue -54.1% year-over-year).
2021: Revenue of $540K, expenses of $629K, and assets of $7.7M (revenue +37.2% year-over-year).
2020: Revenue of $394K, expenses of $625K, and assets of $7.7M (revenue +20.3% year-over-year).
2019: Revenue of $327K, expenses of $577K, and assets of $8.0M (revenue +12.5% year-over-year).
2015: Revenue of $291K, expenses of $534K, and assets of $8.7M (revenue +8.5% year-over-year).
2014: Revenue of $268K, expenses of $541K, and assets of $8.8M (revenue +23.2% year-over-year).
2013: Revenue of $218K, expenses of $538K, and assets of $9.0M (revenue -97.2% year-over-year).
2012: Revenue of $7.7M, expenses of $81K, and assets of $9.2M (revenue +10617.2% year-over-year).
2011: Revenue of $72K, expenses of $74K, and assets of $1.4M.

Data Sources and Methodology

This transparency report for Lc And Mary Worley Memorialfoundation 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.