Mcgrath North Mullin & Kratz Foundation
Mcgrath North Mullin & Kratz Foundation maintains assets and zero executive compensation amidst fluctuating revenue.
EIN: 200418527 · Omaha, NE · NTEE: T21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $70K |
| Total Expenses | $20K |
| Program Spending | 80% |
| Net Assets | $327K |
| Transparency Score | 75/100 |
Is Mcgrath North Mullin & Kratz Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mcgrath North Mullin & Kratz Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mcgrath North Mullin & Kratz Foundation
Mcgrath North Mullin & Kratz Foundation (EIN: 200418527) is a nonprofit organization based in Omaha, NE, classified under NTEE code T21. The organization reported total revenue of $70K and total assets of $298K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mcgrath North Mullin & Kratz Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mcgrath North Mullin & Kratz 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 29.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $319 |
| Total Expenses | $20K |
| Surplus / Deficit | $-19,682 |
| Total Assets | $327K |
| Total Liabilities | $1 |
| Net Assets | $327K |
| Operating Margin | -6169.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 196.2 months |
Financial Health Grade: B
In 2023, Mcgrath North Mullin & Kratz Foundation reported a deficit of $20K with expenses exceeding revenue, holds 196.2 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), Mcgrath North Mullin & Kratz Foundation's revenue has grown at a compound annual growth rate (CAGR) of 29.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +369.1% | +0.0% | -5.7% |
| 2022 | -99.9% | +0.0% | -5.4% |
| 2021 | +294044.1% | -20.0% | +27.9% |
| 2020 | -99.9% | +400.1% | -8.0% |
| 2019 | -49.9% | -60.0% | +67.2% |
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 Mcgrath North Mullin & Kratz 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, Mcgrath North Mullin & Kratz 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 (2023)
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 organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its executives, which is highly favorable for donor perception and 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 Mcgrath North Mullin & Kratz Foundation's IRS 990 filings:
- Significant disparity between annual revenue and expenses in multiple years (e.g., 2023 revenue $319 vs. expenses $20,001), which, while common for foundations, could raise questions without context of asset drawdowns.
Strengths
The following positive indicators were identified for Mcgrath North Mullin & Kratz Foundation:
- Consistent asset growth over the past decade, from $45,901 in 2011 to $326,936 in 2023.
- Zero officer compensation reported across all filings, indicating efficient use of funds for mission-related activities.
- Minimal to no liabilities reported, demonstrating strong financial management and low debt.
- Consistent filing of IRS Form 990s, indicating adherence to transparency requirements.
Frequently Asked Questions about Mcgrath North Mullin & Kratz Foundation
Is Mcgrath North Mullin & Kratz Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Mcgrath North Mullin & Kratz Foundation (EIN: 200418527) some concerns. Mission Score: 75/100. 1 red flag identified, 4 strengths noted.
How does Mcgrath North Mullin & Kratz Foundation spend its money?
Mcgrath North Mullin & Kratz Foundation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mcgrath North Mullin & Kratz Foundation tax-deductible?
Mcgrath North Mullin & Kratz Foundation is registered as a tax-exempt nonprofit (EIN: 200418527). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Mcgrath North Mullin & Kratz Foundation's spending goes to programs?
Mcgrath North Mullin & Kratz Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Mcgrath North Mullin & Kratz Foundation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Mcgrath North Mullin & Kratz Foundation is above average for NTEE category T21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Mcgrath North Mullin & Kratz Foundation located?
Mcgrath North Mullin & Kratz Foundation is headquartered in Omaha, Nebraska and files with the IRS under EIN 200418527. It is classified under NTEE code T21.
How many years of IRS 990 filings does Mcgrath North Mullin & Kratz Foundation have?
Mcgrath North Mullin & Kratz Foundation 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 $70K in total revenue.
How does the foundation manage to spend more than its revenue in certain years?
The foundation likely operates by distributing funds from its accumulated assets or endowment, rather than solely from annual contributions, as evidenced by years like 2023 where revenue was $319 and expenses were $20,001.
What are the primary programs or grants funded by the foundation?
The provided IRS 990 data does not detail specific programs or grants. Further investigation into the full 990 forms would be needed to understand its programmatic activities.
Is the foundation financially stable given its fluctuating revenue?
Despite highly variable annual revenue, the foundation's assets have shown consistent growth from $45,901 in 2011 to $326,936 in 2023, suggesting long-term financial stability through asset management.
Filing History
IRS 990 filing history for Mcgrath North Mullin & Kratz Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Mcgrath North Mullin & Kratz Foundation's revenue has grown by 2026.7%, moving from $15 to $319. Total assets increased by 612.3% over the same period, from $46K to $327K. Total functional expenses rose by 14.2%, from $18K to $20K. In its most recent filing year (2023), Mcgrath North Mullin & Kratz Foundation reported a deficit of $20K, with expenses exceeding revenue. The organization holds $1 in liabilities against $327K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $327K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $319 | $20K | $327K | $1 | — | — |
| 2022 | $68 | $20K | $347K | $1 | — | — |
| 2021 | $100K | $20K | $367K | $1 | — | — |
| 2020 | $34 | $25K | $287K | $1 | — | — |
| 2019 | $50K | $5K | $312K | $1 | — | View 990 |
| 2015 | $100K | $13K | $186K | $0 | — | View 990 |
| 2014 | $6 | $12K | $99K | $0 | — | View 990 |
| 2013 | $7 | $20K | $111K | $0 | — | View 990 |
| 2012 | $100K | $15K | $131K | $0 | — | View 990 |
| 2011 | $15 | $18K | $46K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $319, expenses of $20K, and assets of $327K (revenue +369.1% year-over-year).
- 2022: Revenue of $68, expenses of $20K, and assets of $347K (revenue -99.9% year-over-year).
- 2021: Revenue of $100K, expenses of $20K, and assets of $367K (revenue +294044.1% year-over-year).
- 2020: Revenue of $34, expenses of $25K, and assets of $287K (revenue -99.9% year-over-year).
- 2019: Revenue of $50K, expenses of $5K, and assets of $312K (revenue -49.9% year-over-year).
- 2015: Revenue of $100K, expenses of $13K, and assets of $186K (revenue +1666666.7% year-over-year).
- 2014: Revenue of $6, expenses of $12K, and assets of $99K (revenue -14.3% year-over-year).
- 2013: Revenue of $7, expenses of $20K, and assets of $111K (revenue -100.0% year-over-year).
- 2012: Revenue of $100K, expenses of $15K, and assets of $131K (revenue +666666.7% year-over-year).
- 2011: Revenue of $15, expenses of $18K, and assets of $46K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mcgrath North Mullin & Kratz Foundation:
Data Sources and Methodology
This transparency report for Mcgrath North Mullin & Kratz 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.