Morris & Sylvia Trachten Family Foundation
Trachten Family Foundation: Declining Assets, Minimal Transparency
EIN: 222518063 · Wilmington, DE · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $1.2M |
| Total Expenses | $348K |
| CEO/Top Officer Pay | $0 |
| Net Assets | $4.6M |
| Transparency Score | 65/100 |
Is Morris & Sylvia Trachten Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Morris & Sylvia Trachten Family Foundation
Morris & Sylvia Trachten Family Foundation (EIN: 222518063) is a nonprofit organization based in Wilmington, DE. The organization reported total revenue of $1.2M and total assets of $4.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Morris & Sylvia Trachten Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Morris & Sylvia Trachten Family Foundation is a mid-size nonprofit that has been operating for 42 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 18.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $157K |
| Total Expenses | $348K |
| Surplus / Deficit | $-190,983 |
| Total Assets | $4.6M |
| Total Liabilities | $1 |
| Net Assets | $4.6M |
| Operating Margin | -121.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 157.7 months |
Financial Health Grade: B
In 2023, Morris & Sylvia Trachten Family Foundation reported a deficit of $191K with expenses exceeding revenue, holds 157.7 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), Morris & Sylvia Trachten Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 18.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -27.2% | -18.0% | -4.0% |
| 2022 | -46.0% | -11.2% | -4.2% |
| 2020 | -198.3% | +3.3% | -13.0% |
| 2019 | +22.8% | -5.1% | -6.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1984 |
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 Morris & Sylvia Trachten Family Foundation with a Mission Score of 65 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: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Morris & Sylvia Trachten Family Foundation allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $191K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as $0 across all available filings, indicating no paid leadership or staff.
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 Morris & Sylvia Trachten Family Foundation's IRS 990 filings:
- Consistent reporting of $0 for program service expenses raises questions about the foundation's direct charitable impact.
- Significant decline in assets from $6,205,645 in 2015 to $4,411,815 in 2023 without clear programmatic spending.
- Lack of detailed narrative in tax filings makes it difficult to understand the foundation's operational activities or grant-making strategy.
Strengths
The following positive indicators were identified for Morris & Sylvia Trachten Family Foundation:
- The foundation reports $0 in executive compensation, indicating no overhead costs for leadership salaries.
Frequently Asked Questions about Morris & Sylvia Trachten Family Foundation
Is Morris & Sylvia Trachten Family Foundation a legitimate charity?
Morris & Sylvia Trachten Family Foundation (EIN: 222518063) is a registered tax-exempt nonprofit based in Delaware. Our AI analysis gives it a Mission Score of 65/100. It has 10 years of IRS 990 filings on record. Total revenue: $1.2M. 3 red flags identified. 1 strength noted. Financial health grade: B.
How does Morris & Sylvia Trachten Family Foundation spend its money?
Morris & Sylvia Trachten Family Foundation reported $1.2M in total revenue in IRS 990 filings. 10 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Morris & Sylvia Trachten Family Foundation tax-deductible?
Morris & Sylvia Trachten Family Foundation is registered as a tax-exempt nonprofit (EIN: 222518063). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Morris & Sylvia Trachten Family Foundation CEO make?
Morris & Sylvia Trachten Family Foundation's highest-compensated officer earns $0 annually. The organization reported $1.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is Morris & Sylvia Trachten Family Foundation located?
Morris & Sylvia Trachten Family Foundation is headquartered in Wilmington, Delaware and files with the IRS under EIN 222518063.
How many years of IRS 990 filings does Morris & Sylvia Trachten Family Foundation have?
Morris & Sylvia Trachten Family 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 $1.2M in total revenue.
What does Morris & Sylvia Trachten Family Foundation do?
Morris & Sylvia Trachten Family Foundation is a nonprofit organization in the Unknown sector, located in Wilmington, Delaware. It is classified under NTEE code Unknown.
How much revenue does Morris & Sylvia Trachten Family Foundation have?
Morris & Sylvia Trachten Family Foundation reported total revenue of $1,163,208. Based on 10 IRS 990 filings on record.
What are Morris & Sylvia Trachten Family Foundation's total assets?
Morris & Sylvia Trachten Family Foundation holds total assets of $4,411,815 as reported in IRS 990 filings.
Where is Morris & Sylvia Trachten Family Foundation located?
Morris & Sylvia Trachten Family Foundation is based in Wilmington, Delaware.
What is Morris & Sylvia Trachten Family Foundation's EIN?
Morris & Sylvia Trachten Family Foundation's Employer Identification Number (EIN) is 222518063. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Morris & Sylvia Trachten Family Foundation?
Morris & Sylvia Trachten Family Foundation is classified under NTEE code Unknown (Unknown).
Is Morris & Sylvia Trachten Family Foundation a registered 501(c)(3)?
Morris & Sylvia Trachten Family Foundation appears in IRS records (EIN: 222518063). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Morris & Sylvia Trachten Family Foundation file IRS Form 990?
Yes, Morris & Sylvia Trachten Family Foundation has 10 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Morris & Sylvia Trachten Family Foundation's revenue in 2023?
In the 202312 filing period, Morris & Sylvia Trachten Family Foundation reported total revenue of $156,791, total expenses of $347,774, and net assets of $4,571,603.
Is Morris & Sylvia Trachten Family Foundation's revenue growing or declining?
Morris & Sylvia Trachten Family Foundation's revenue is declining. Revenue went from $215,488 (202212) to $156,791 (202312), a -27.2% change. Based on 10 filings on record.
What is Morris & Sylvia Trachten Family Foundation's most recent 990 filing?
The most recent IRS Form 990 filing for Morris & Sylvia Trachten Family Foundation covers tax period 202312. It shows revenue of $156,791, expenses of $347,774, total assets of $4,571,603, and liabilities of $1.
Is Morris & Sylvia Trachten Family Foundation a trustworthy charity?
Based on AI analysis of IRS 990 data, Morris & Sylvia Trachten Family Foundation shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 1 strength noted.
What are the red flags for Morris & Sylvia Trachten Family Foundation?
The following concerns were identified: Consistent reporting of $0 for program service expenses raises questions about the foundation's direct charitable impact.. Significant decline in assets from $6,205,645 in 2015 to $4,411,815 in 2023 without clear programmatic spending.. Lack of detailed narrative in tax filings makes it difficult to understand the foundation's operational activities or grant-making strategy.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Morris & Sylvia Trachten Family Foundation's strengths?
Positive indicators for Morris & Sylvia Trachten Family Foundation include: The foundation reports $0 in executive compensation, indicating no overhead costs for leadership salaries.. These findings are derived from AI analysis of the organization's financial filings.
How does Morris & Sylvia Trachten Family Foundation compensate executives?
Executive compensation is consistently reported as $0 across all available filings, indicating no paid leadership or staff. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of $0 in program service expenses, how does the Morris & Sylvia Trachten Family Foundation fulfill its charitable mission?
The filings suggest the foundation may operate as a pass-through entity or primarily engage in investment activities, with no direct program spending reported. Further investigation into its grant recipients or other charitable activities would be necessary.
What is the primary cause of the significant decline in the foundation's assets from $6,205,645 in 2015 to $4,411,815 in 2023, especially with minimal reported expenses?
The asset decline, despite minimal reported expenses (including $0 for programs and executive compensation), suggests potential investment losses or significant distributions not categorized as program service expenses. For example, in 2020, the foundation reported a negative revenue of -$347,965.
Filing History
IRS 990 filing history for Morris & Sylvia Trachten Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Morris & Sylvia Trachten Family Foundation's revenue has grown by 653%, moving from $21K to $157K. Total assets increased by 1655.8% over the same period, from $260K to $4.6M. Total functional expenses rose by 44.2%, from $241K to $348K. In its most recent filing year (2023), Morris & Sylvia Trachten Family Foundation reported a deficit of $191K, with expenses exceeding revenue. The organization holds $1 in liabilities against $4.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $4.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $157K | $348K | $4.6M | $1 | — | View 990 |
| 2022 | $215K | $424K | $4.8M | $1 | — | View 990 |
| 2021 | $399K | $478K | $5.0M | $1 | — | View 990 |
| 2020 | $-347,965 | $406K | $5.1M | $1 | — | — |
| 2019 | $354K | $393K | $5.8M | $1 | — | View 990 |
| 2015 | $288K | $414K | $6.2M | $10K | — | View 990 |
| 2014 | $445K | $687K | $6.3M | $18K | — | View 990 |
| 2013 | $7.1M | $354K | $6.6M | $1K | — | View 990 |
| 2012 | $659K | $262K | $682K | $25K | — | View 990 |
| 2011 | $21K | $241K | $260K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $157K, expenses of $348K, and assets of $4.6M (revenue -27.2% year-over-year).
- 2022: Revenue of $215K, expenses of $424K, and assets of $4.8M (revenue -46.0% year-over-year).
- 2021: Revenue of $399K, expenses of $478K, and assets of $5.0M.
- 2020: Revenue of $-347,965, expenses of $406K, and assets of $5.1M (revenue -198.3% year-over-year).
- 2019: Revenue of $354K, expenses of $393K, and assets of $5.8M (revenue +22.8% year-over-year).
- 2015: Revenue of $288K, expenses of $414K, and assets of $6.2M (revenue -35.2% year-over-year).
- 2014: Revenue of $445K, expenses of $687K, and assets of $6.3M (revenue -93.8% year-over-year).
- 2013: Revenue of $7.1M, expenses of $354K, and assets of $6.6M (revenue +981.2% year-over-year).
- 2012: Revenue of $659K, expenses of $262K, and assets of $682K (revenue +3063.3% year-over-year).
- 2011: Revenue of $21K, expenses of $241K, and assets of $260K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Morris & Sylvia Trachten Family Foundation:
Data Sources and Methodology
This transparency report for Morris & Sylvia Trachten 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.