Roger And Katherine Flahive Foundation
Roger And Katherine Flahive Foundation consistently spends more than it earns, drawing on its $1.5 million asset base.
EIN: 202960651 · Las Vegas, NV · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $759K |
| Total Expenses | $128K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $1.5 |
| Net Assets | $1.5M |
| Transparency Score | 80/100 |
Is Roger And Katherine Flahive Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Roger And Katherine Flahive Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Roger And Katherine Flahive Foundation
Roger And Katherine Flahive Foundation (EIN: 202960651) is a nonprofit organization based in Las Vegas, NV, classified under NTEE code T20. The organization reported total revenue of $759K and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Roger And Katherine Flahive Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Roger And Katherine Flahive Foundation is a small nonprofit that has been operating for 20 years, with 9 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -15.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $36K |
| Total Expenses | $128K |
| Surplus / Deficit | $-91,675 |
| Total Assets | $1.5M |
| Total Liabilities | $1 |
| Net Assets | $1.5M |
| Operating Margin | -251.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 142.3 months |
Financial Health Grade: B
In 2023, Roger And Katherine Flahive Foundation reported a deficit of $92K with expenses exceeding revenue, holds 142.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 9 years of filings (2011–2023), Roger And Katherine Flahive Foundation's revenue has declined at a compound annual growth rate (CAGR) of -15.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -56.9% | -8.1% | -5.7% |
| 2022 | -32.0% | +14.3% | -3.3% |
| 2021 | +12423600.0% | — | +166489300.0% |
| 2019 | -100.0% | -100.0% | -100.0% |
| 2015 | -83.3% | +38.1% | -4.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Roger And Katherine Flahive 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: 15%
- programs: 85%
- fundraising: 0%
According to IRS 990 filings, Roger And Katherine Flahive Foundation allocates its expenses as follows: admin: 15%, programs: 85%, fundraising: 0%. With 85% 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 $92K, 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 that no salaries are paid to officers. This is highly unusual for an organization of its asset size ($1.5 million) and suggests either volunteer leadership or that compensation is covered by an external entity, which significantly reduces 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 Roger And Katherine Flahive Foundation's IRS 990 filings:
- Consistent operating deficits: Expenses frequently exceed revenue, such as $128,069 in expenses vs. $36,394 in revenue in 2023, indicating reliance on asset drawdowns.
- Declining asset base: Assets have decreased from $1,864,399 in 2014 to $1,518,418 in 2023, which could be a concern if the trend continues without sufficient revenue generation.
Strengths
The following positive indicators were identified for Roger And Katherine Flahive Foundation:
- Zero executive compensation: No officer compensation reported across all filings, indicating extremely low administrative overhead related to leadership salaries.
- Strong asset base: Maintains a substantial asset base of over $1.5 million, providing financial stability for its grantmaking activities.
- Minimal liabilities: Consistently reports very low liabilities (often $1 or $0), indicating a healthy balance sheet and low financial risk.
Frequently Asked Questions about Roger And Katherine Flahive Foundation
Is Roger And Katherine Flahive Foundation a legitimate charity?
Roger And Katherine Flahive Foundation (EIN: 202960651) is a registered tax-exempt nonprofit based in Nevada. Our AI analysis gives it a Mission Score of 80/100. It has 9 years of IRS 990 filings on record. Total revenue: $759K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Roger And Katherine Flahive Foundation spend its money?
Roger And Katherine Flahive Foundation directs 85% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Roger And Katherine Flahive Foundation tax-deductible?
Roger And Katherine Flahive Foundation is registered as a tax-exempt nonprofit (EIN: 202960651). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Roger And Katherine Flahive Foundation CEO make?
Roger And Katherine Flahive Foundation's highest-compensated officer earns $1.5 annually. The organization reported $759K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Roger And Katherine Flahive Foundation compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), Roger And Katherine Flahive Foundation 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 Roger And Katherine Flahive Foundation located?
Roger And Katherine Flahive Foundation is headquartered in Las Vegas, Nevada and files with the IRS under EIN 202960651. It is classified under NTEE code T20.
How many years of IRS 990 filings does Roger And Katherine Flahive Foundation have?
Roger And Katherine Flahive Foundation has 9 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 $759K in total revenue.
How does the foundation sustain its operations given consistent revenue deficits?
The foundation sustains its operations by drawing from its substantial asset base, which was $1,518,418 in 2023. For example, in 2023, expenses ($128,069) significantly exceeded revenue ($36,394), indicating a reliance on investment income or principal.
What is the primary purpose of the Roger And Katherine Flahive Foundation?
Based on its NTEE code T20 (Private Grantmaking Foundations) and typical financial patterns, the primary purpose is likely to make grants to other charitable organizations or individuals, rather than direct program services.
Why is officer compensation consistently reported as 0%?
The consistent reporting of 0% officer compensation suggests that the foundation's leadership is either entirely volunteer-based or that any administrative costs, including potential compensation, are absorbed by other entities or individuals, which is a strong indicator of low administrative overhead.
Filing History
IRS 990 filing history for Roger And Katherine Flahive Foundation showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2023), Roger And Katherine Flahive Foundation's revenue has declined by 87.6%, moving from $292K to $36K. Total assets decreased by 3.9% over the same period, from $1.6M to $1.5M. Total functional expenses rose by 27.4%, from $101K to $128K. In its most recent filing year (2023), Roger And Katherine Flahive Foundation reported a deficit of $92K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.5M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $36K | $128K | $1.5M | $1 | — | — |
| 2022 | $84K | $139K | $1.6M | $1 | — | View 990 |
| 2021 | $124K | $122K | $1.7M | $1 | — | — |
| 2019 | $1 | $0 | $1 | $0 | — | View 990 |
| 2015 | $88K | $172K | $1.8M | $0 | — | View 990 |
| 2014 | $530K | $124K | $1.9M | $1 | — | View 990 |
| 2013 | $109K | $112K | $1.5M | $1 | — | View 990 |
| 2012 | $35K | $112K | $1.5M | $0 | — | View 990 |
| 2011 | $292K | $101K | $1.6M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $36K, expenses of $128K, and assets of $1.5M (revenue -56.9% year-over-year).
- 2022: Revenue of $84K, expenses of $139K, and assets of $1.6M (revenue -32.0% year-over-year).
- 2021: Revenue of $124K, expenses of $122K, and assets of $1.7M (revenue +12423600.0% year-over-year).
- 2019: Revenue of $1, expenses of $0, and assets of $1 (revenue -100.0% year-over-year).
- 2015: Revenue of $88K, expenses of $172K, and assets of $1.8M (revenue -83.3% year-over-year).
- 2014: Revenue of $530K, expenses of $124K, and assets of $1.9M (revenue +385.7% year-over-year).
- 2013: Revenue of $109K, expenses of $112K, and assets of $1.5M (revenue +209.4% year-over-year).
- 2012: Revenue of $35K, expenses of $112K, and assets of $1.5M (revenue -87.9% year-over-year).
- 2011: Revenue of $292K, expenses of $101K, and assets of $1.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Roger And Katherine Flahive Foundation:
Data Sources and Methodology
This transparency report for Roger And Katherine Flahive 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.