Pannonia Foundation

Pannonia Foundation shows strong asset growth but recent years indicate expenses exceeding revenue.

EIN: 134112882 · Ramsey, NJ · NTEE: T20 · Updated: 2026-03-28

$8.0MRevenue

$19.5MAssets

80/100Mission Score (Excellent)

T20

About Pannonia Foundation

Pannonia Foundation (EIN: 134112882) is a nonprofit organization based in Ramsey, NJ, classified under NTEE code T20. The organization reported total revenue of $8.0M and total assets of $19.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Pannonia Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Pannonia Foundation exhibits a fluctuating financial performance over the past decade. While the organization reported a latest revenue of $7,957,336 and substantial assets of $19,502,969, its recent filings show a trend of expenses exceeding revenue. For instance, in 2023, expenses were $1,016,410 against revenue of $459,377, and in 2022, expenses were $1,045,844 against revenue of $681,188. This indicates a reliance on prior year surpluses or investment income to cover operational costs in recent periods. The consistent reporting of $0 in officer compensation across all available filings suggests a high degree of volunteer leadership or that compensation is covered by an affiliated entity, which enhances its spending efficiency from an executive compensation perspective. The organization's assets have grown significantly from $4,200,423 in 2011 to $19,502,969 currently, indicating sound asset management or successful fundraising in earlier periods. However, the recent negative net income trends warrant closer observation to ensure long-term sustainability. The consistent reporting of minimal liabilities ($0 or $1) across all filings points to a very healthy balance sheet with low financial risk. The NTEE code T20 (International, Foreign Affairs) suggests a focus on international programs, which often have different spending profiles than domestic charities.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Pannonia Foundation with a Mission Score of 80 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: 85%
fundraising: 5%

According to IRS 990 filings, Pannonia Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, suggesting that leadership is either entirely volunteer-based or compensated through an affiliated entity, which is highly efficient for an organization of its size with nearly $20 million in assets.

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 Pannonia Foundation's IRS 990 filings:

Expenses consistently exceeding revenue in recent years (e.g., 2023 and 2022 filings)
Significant fluctuations in annual revenue, making financial planning potentially challenging

Strengths

The following positive indicators were identified for Pannonia Foundation:

Strong asset growth over the past decade, from $4.2M in 2011 to $19.5M currently
Extremely low liabilities ($0 or $1 reported across all filings)
0% reported officer compensation, indicating high efficiency in leadership costs
Consistent filing history demonstrating transparency

Frequently Asked Questions about Pannonia Foundation

How does Pannonia Foundation cover its expenses when revenue is less than expenditures, as seen in 2023 and 2022?

The organization likely utilizes its accumulated assets or investment income to cover operational deficits, given its substantial asset base of $19,502,969 and minimal liabilities.

What is the nature of the 'Officer Comp=0%' reported across all filings?

This indicates that the organization's officers are either unpaid volunteers or their compensation is handled by a related entity, which is a positive sign for financial efficiency.

What specific programs does Pannonia Foundation fund, given its NTEE code T20 (International, Foreign Affairs)?

While the NTEE code indicates a focus on international affairs, the filings do not provide specific program details. Further investigation into their website or program statements would be necessary.

Filing History

IRS 990 filing history for Pannonia Foundation showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2011–2023), Pannonia Foundation's revenue has declined by 78.5%, moving from $2.1M to $459K. Total assets increased by 322.7% over the same period, from $4.2M to $17.8M. Total functional expenses rose by 34%, from $758K to $1.0M. In its most recent filing year (2023), Pannonia Foundation reported a deficit of $557K, with expenses exceeding revenue. The organization holds $1 in liabilities against $17.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $17.8M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$459K	$1.0M	$17.8M	$1	—	View 990
2022	$681K	$1.0M	$18.3M	$1	—	View 990
2021	$2.8M	$850K	$18.7M	$1	—	View 990
2020	$2.0M	$883K	$16.7M	$1	—	View 990
2019	$4.2M	$1.1M	$15.6M	$0	—	View 990
2015	$2.3M	$1.4M	$9.2M	$0	—	View 990
2014	$3.0M	$927K	$8.3M	$0	—	View 990
2013	$2.3M	$892K	$6.2M	$0	—	View 990
2012	$2.0M	$1.4M	$4.8M	$0	—	View 990
2011	$2.1M	$758K	$4.2M	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $459K, expenses of $1.0M, and assets of $17.8M (revenue -32.6% year-over-year).
2022: Revenue of $681K, expenses of $1.0M, and assets of $18.3M (revenue -75.4% year-over-year).
2021: Revenue of $2.8M, expenses of $850K, and assets of $18.7M (revenue +37.3% year-over-year).
2020: Revenue of $2.0M, expenses of $883K, and assets of $16.7M (revenue -52.0% year-over-year).
2019: Revenue of $4.2M, expenses of $1.1M, and assets of $15.6M (revenue +86.8% year-over-year).
2015: Revenue of $2.3M, expenses of $1.4M, and assets of $9.2M (revenue -25.9% year-over-year).
2014: Revenue of $3.0M, expenses of $927K, and assets of $8.3M (revenue +32.7% year-over-year).
2013: Revenue of $2.3M, expenses of $892K, and assets of $6.2M (revenue +14.0% year-over-year).
2012: Revenue of $2.0M, expenses of $1.4M, and assets of $4.8M (revenue -6.1% year-over-year).
2011: Revenue of $2.1M, expenses of $758K, and assets of $4.2M.

Data Sources and Methodology

This transparency report for Pannonia 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.