Masterson Family Foundation
Masterson Family Foundation maintains stable assets and zero officer compensation amidst fluctuating revenues and consistent expenses.
EIN: 203424242 · Casper, WY · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $88K |
| Total Expenses | $52K |
| Program Spending | 80% |
| Net Assets | $885K |
| Transparency Score | 75/100 |
Is Masterson Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Masterson Family Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Masterson Family Foundation
Masterson Family Foundation (EIN: 203424242) is a nonprofit organization based in Casper, WY, classified under NTEE code T22. The organization reported total revenue of $88K and total assets of $859K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Masterson Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Masterson Family Foundation is a micro nonprofit that has been operating for 21 years, with 11 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of -5.6%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $32K |
| Total Expenses | $52K |
| Surplus / Deficit | $-20,241 |
| Total Assets | $885K |
| Total Liabilities | $1 |
| Net Assets | $885K |
| Operating Margin | -63.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 204.1 months |
Financial Health Grade: B
In 2024, Masterson Family Foundation reported a deficit of $20K with expenses exceeding revenue, holds 204.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 11 years of filings (2011–2024), Masterson Family Foundation's revenue has declined at a compound annual growth rate (CAGR) of -5.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -87.2% | -15.7% | -2.5% |
| 2023 | +1412.0% | +18.9% | +26.3% |
| 2022 | -76.9% | -13.9% | -4.8% |
| 2021 | +4435.2% | +5.4% | +1.5% |
| 2020 | -96.6% | +6.2% | -7.0% |
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 Masterson Family Foundation with a Mission Score of 75 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, Masterson Family 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.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $20K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Masterson Family Foundation consistently reports 0% officer compensation across all available filings, indicating that its leadership is either entirely volunteer-based or compensated through other means not categorized as officer compensation, which is a strong positive for minimizing administrative overhead.
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 Masterson Family Foundation's IRS 990 filings:
- Expenses frequently exceed revenue, as seen in 2024 ($52,041 expenses vs. $31,800 revenue) and 2022 ($51,937 expenses vs. $16,425 revenue), which could raise questions about long-term operational sustainability without further context on endowment draw.
Strengths
The following positive indicators were identified for Masterson Family Foundation:
- Consistent reporting of 0% officer compensation across all filings, indicating efficient use of funds and potentially volunteer leadership.
- Very low liabilities, often reported as $1, demonstrating strong financial solvency and minimal debt.
- Stable asset base, consistently above $700,000, providing a solid financial foundation for its grantmaking activities.
Frequently Asked Questions about Masterson Family Foundation
Is Masterson Family Foundation a legitimate charity?
Masterson Family Foundation (EIN: 203424242) is a registered tax-exempt nonprofit based in Wyoming. Our AI analysis gives it a Mission Score of 75/100. It has 11 years of IRS 990 filings on record. Total revenue: $88K. 1 red flag identified. 3 strengths noted. Financial health grade: B.
How does Masterson Family Foundation spend its money?
Masterson Family Foundation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Masterson Family Foundation tax-deductible?
Masterson Family Foundation is registered as a tax-exempt nonprofit (EIN: 203424242). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Masterson Family Foundation's spending goes to programs?
Masterson Family Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Masterson Family Foundation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Masterson Family Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Masterson Family Foundation located?
Masterson Family Foundation is headquartered in Casper, Wyoming and files with the IRS under EIN 203424242. It is classified under NTEE code T22.
How many years of IRS 990 filings does Masterson Family Foundation have?
Masterson Family Foundation has 11 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 $88K in total revenue.
How does the Masterson Family Foundation sustain operations when expenses frequently exceed revenue?
The foundation likely draws from its substantial asset base, which has consistently been over $700,000, to cover expenses when annual revenue is insufficient, a common practice for endowed foundations.
What are the specific programs or grantmaking activities supported by the Masterson Family Foundation?
Based on the NTEE code T22 (Private Grantmaking Foundations), the foundation primarily provides grants. However, the provided data does not detail the specific types of programs or organizations it funds.
What is the long-term strategy for managing the significant fluctuations in annual revenue?
The revenue has varied widely, from $1,569 in 2020 to $248,351 in 2023. Understanding the sources of this revenue (e.g., investment returns, specific donations) would clarify the sustainability strategy.
Filing History
IRS 990 filing history for Masterson Family Foundation showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2024), Masterson Family Foundation's revenue has declined by 52.5%, moving from $67K to $32K. Total assets increased by 8% over the same period, from $820K to $885K. Total functional expenses fell by 11.6%, from $59K to $52K. In its most recent filing year (2024), Masterson Family Foundation reported a deficit of $20K, with expenses exceeding revenue. The organization holds $1 in liabilities against $885K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $885K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $32K | $52K | $885K | $1 | — | — |
| 2023 | $248K | $62K | $908K | $3K | — | View 990 |
| 2022 | $16K | $52K | $719K | $1 | — | View 990 |
| 2021 | $71K | $60K | $755K | $475 | — | View 990 |
| 2020 | $2K | $57K | $744K | $1 | — | — |
| 2019 | $46K | $54K | $799K | $1 | — | View 990 |
| 2015 | $53K | $63K | $853K | $1 | — | View 990 |
| 2014 | $38K | $54K | $862K | $1 | — | View 990 |
| 2013 | $32K | $56K | $879K | $1 | — | View 990 |
| 2012 | $94K | $10K | $904K | $1K | — | View 990 |
| 2011 | $67K | $59K | $820K | $36 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $32K, expenses of $52K, and assets of $885K (revenue -87.2% year-over-year).
- 2023: Revenue of $248K, expenses of $62K, and assets of $908K (revenue +1412.0% year-over-year).
- 2022: Revenue of $16K, expenses of $52K, and assets of $719K (revenue -76.9% year-over-year).
- 2021: Revenue of $71K, expenses of $60K, and assets of $755K (revenue +4435.2% year-over-year).
- 2020: Revenue of $2K, expenses of $57K, and assets of $744K (revenue -96.6% year-over-year).
- 2019: Revenue of $46K, expenses of $54K, and assets of $799K (revenue -13.3% year-over-year).
- 2015: Revenue of $53K, expenses of $63K, and assets of $853K (revenue +39.8% year-over-year).
- 2014: Revenue of $38K, expenses of $54K, and assets of $862K (revenue +18.9% year-over-year).
- 2013: Revenue of $32K, expenses of $56K, and assets of $879K (revenue -65.9% year-over-year).
- 2012: Revenue of $94K, expenses of $10K, and assets of $904K (revenue +39.6% year-over-year).
- 2011: Revenue of $67K, expenses of $59K, and assets of $820K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Masterson Family Foundation:
Data Sources and Methodology
This transparency report for Masterson 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.