Lowman Family Foundation Inc
Lowman Family Foundation maintains strong assets and zero officer compensation amidst fluctuating revenues.
EIN: 202006281 · Ashland, KY · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $557K |
| Total Expenses | $226K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $2.6 |
| Net Assets | $2.6M |
| Transparency Score | 85/100 |
Is Lowman Family Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lowman Family Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lowman Family Foundation Inc
Lowman Family Foundation Inc (EIN: 202006281) is a nonprofit organization based in Ashland, KY, classified under NTEE code T20. The organization reported total revenue of $557K and total assets of $2.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lowman Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lowman Family Foundation Inc is a small 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 1.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $218K |
| Total Expenses | $226K |
| Surplus / Deficit | $-8,042 |
| Total Assets | $2.6M |
| Total Liabilities | $1 |
| Net Assets | $2.6M |
| Operating Margin | -3.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 140.3 months |
Financial Health Grade: B
In 2023, Lowman Family Foundation Inc reported a deficit of $8K with expenses exceeding revenue, holds 140.3 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), Lowman Family Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -63.7% | +15.0% | -3.5% |
| 2022 | +134.9% | +21.5% | +4.5% |
| 2021 | -8.0% | +3.2% | -2.8% |
| 2020 | +109.2% | +0.3% | +0.6% |
| 2019 | -63.9% | +14.3% | -0.9% |
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 Lowman Family Foundation Inc 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Lowman Family Foundation Inc allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. 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 $8K, 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 the organization's leadership is either entirely volunteer-based or compensated in a manner not classified as officer compensation, which is highly favorable for a foundation of its size with assets 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 Lowman Family Foundation Inc's IRS 990 filings:
- Lack of detailed expense breakdown on public filings to fully assess program vs. administrative spending.
Strengths
The following positive indicators were identified for Lowman Family Foundation Inc:
- Consistent asset growth, reaching $2,647,532 in 2023.
- Extremely low liabilities, consistently reported as $1.
- 0% reported officer compensation across all filings.
- Long history of consistent IRS 990 filings (10 filings).
- Expenses generally well-managed relative to revenue.
Frequently Asked Questions about Lowman Family Foundation Inc
Is Lowman Family Foundation Inc a legitimate charity?
Lowman Family Foundation Inc (EIN: 202006281) is a registered tax-exempt nonprofit based in Kentucky. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $557K. 1 red flag identified. 5 strengths noted. Financial health grade: B.
How does Lowman Family Foundation Inc spend its money?
Lowman Family Foundation Inc directs 90% of its spending to programs and services. Fundraising costs 2%. This exceeds the 65% industry benchmark.
Are donations to Lowman Family Foundation Inc tax-deductible?
Lowman Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 202006281). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Lowman Family Foundation Inc CEO make?
Lowman Family Foundation Inc's highest-compensated officer earns $2.6 annually. The organization reported $557K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Lowman Family Foundation Inc's spending goes to programs?
Lowman Family Foundation Inc directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Lowman Family Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Lowman Family Foundation Inc is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Lowman Family Foundation Inc located?
Lowman Family Foundation Inc is headquartered in Ashland, Kentucky and files with the IRS under EIN 202006281. It is classified under NTEE code T20.
How many years of IRS 990 filings does Lowman Family Foundation Inc have?
Lowman Family Foundation Inc 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 $557K in total revenue.
Is Lowman Family Foundation Inc. financially stable?
Yes, the foundation is financially stable, consistently maintaining assets over $2 million (e.g., $2,647,532 in 2023) and reporting negligible liabilities ($1 across all filings).
Does the foundation pay its officers?
Based on the IRS 990 filings, officer compensation is consistently reported as 0% for all available periods, suggesting no direct compensation to officers.
How has the foundation's asset base changed over time?
The foundation's assets have shown consistent growth, increasing from $1,678,568 in 2011 to $2,647,532 in 2023, demonstrating effective asset management.
What is the trend in the foundation's revenue?
Revenue has fluctuated significantly year-to-year, ranging from a low of $133,308 in 2019 to a high of $662,787 in 2014, but generally remains sufficient to cover expenses and contribute to asset growth.
Filing History
IRS 990 filing history for Lowman Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Lowman Family Foundation Inc's revenue has grown by 19.1%, moving from $183K to $218K. Total assets increased by 57.7% over the same period, from $1.7M to $2.6M. Total functional expenses rose by 364.1%, from $49K to $226K. In its most recent filing year (2023), Lowman Family Foundation Inc reported a deficit of $8K, with expenses exceeding revenue. The organization holds $1 in liabilities against $2.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $218K | $226K | $2.6M | $1 | — | — |
| 2022 | $603K | $197K | $2.7M | $1 | — | — |
| 2021 | $256K | $162K | $2.6M | $1 | — | View 990 |
| 2020 | $279K | $157K | $2.7M | $1 | — | View 990 |
| 2019 | $133K | $157K | $2.7M | $1 | — | View 990 |
| 2015 | $369K | $137K | $2.7M | $1 | — | View 990 |
| 2014 | $663K | $121K | $2.6M | $1 | — | View 990 |
| 2013 | $235K | $71K | $2.0M | $1 | — | View 990 |
| 2012 | $216K | $50K | $1.8M | $1 | — | View 990 |
| 2011 | $183K | $49K | $1.7M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $218K, expenses of $226K, and assets of $2.6M (revenue -63.7% year-over-year).
- 2022: Revenue of $603K, expenses of $197K, and assets of $2.7M (revenue +134.9% year-over-year).
- 2021: Revenue of $256K, expenses of $162K, and assets of $2.6M (revenue -8.0% year-over-year).
- 2020: Revenue of $279K, expenses of $157K, and assets of $2.7M (revenue +109.2% year-over-year).
- 2019: Revenue of $133K, expenses of $157K, and assets of $2.7M (revenue -63.9% year-over-year).
- 2015: Revenue of $369K, expenses of $137K, and assets of $2.7M (revenue -44.3% year-over-year).
- 2014: Revenue of $663K, expenses of $121K, and assets of $2.6M (revenue +182.0% year-over-year).
- 2013: Revenue of $235K, expenses of $71K, and assets of $2.0M (revenue +8.6% year-over-year).
- 2012: Revenue of $216K, expenses of $50K, and assets of $1.8M (revenue +18.0% year-over-year).
- 2011: Revenue of $183K, expenses of $49K, and assets of $1.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lowman Family Foundation Inc:
Data Sources and Methodology
This transparency report for Lowman Family Foundation Inc 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.