Rossman Family Foundation
Rossman Family Foundation consistently operates at a deficit, drawing down assets to fund operations.
EIN: 203928172 · Chicago, IL · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.6M |
| Total Expenses | $529K |
| Program Spending | 90% |
| Net Assets | $7.3M |
| Transparency Score | 80/100 |
Is Rossman Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Rossman Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Rossman Family Foundation
Rossman Family Foundation (EIN: 203928172) is a nonprofit organization based in Chicago, IL, classified under NTEE code T20. The organization reported total revenue of $2.6M and total assets of $7.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rossman Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rossman Family Foundation is a mid-size nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -13.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $135K |
| Total Expenses | $529K |
| Surplus / Deficit | $-393,978 |
| Total Assets | $7.3M |
| Total Liabilities | $1 |
| Net Assets | $7.3M |
| Operating Margin | -291.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 165.7 months |
Financial Health Grade: B
In 2023, Rossman Family Foundation reported a deficit of $394K with expenses exceeding revenue, holds 165.7 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), Rossman Family Foundation's revenue has declined at a compound annual growth rate (CAGR) of -13.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +26.5% | -21.9% | -5.1% |
| 2022 | -46.3% | +16.1% | -6.9% |
| 2021 | +201.8% | -14.6% | -4.4% |
| 2020 | -66.3% | +32.1% | -1.1% |
| 2019 | -10.3% | +27.5% | -7.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2007 |
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 Rossman Family 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: 90%
- fundraising: 0%
According to IRS 990 filings, Rossman Family Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 $394K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Rossman Family Foundation consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either unpaid or compensated through other means not classified as officer compensation, which is a positive sign 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 Rossman Family Foundation's IRS 990 filings:
- Consistent and significant operating deficits, with expenses far exceeding revenue in most years (e.g., $135,007 revenue vs. $528,985 expenses in 2023).
- Steady decline in assets over the past decade, from $10.5 million in 2011 to $7.3 million in 2023, indicating a draw-down of principal.
- The 'Latest Revenue' of $2,556,012 is an anomaly compared to historical revenue figures, which are typically below $200,000, warranting further investigation into its source and nature.
Strengths
The following positive indicators were identified for Rossman Family Foundation:
- Zero officer compensation reported across all filings, indicating efficient use of funds and low administrative overhead.
- Minimal liabilities ($1 in most recent years), demonstrating sound financial management regarding debt.
- Consistent IRS 990 filing history, indicating good transparency and compliance.
Frequently Asked Questions about Rossman Family Foundation
Is Rossman Family Foundation a legitimate charity?
Rossman Family Foundation (EIN: 203928172) is a registered tax-exempt nonprofit based in Illinois. Our AI analysis gives it a Mission Score of 80/100. It has 10 years of IRS 990 filings on record. Total revenue: $2.6M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Rossman Family Foundation spend its money?
Rossman Family Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Rossman Family Foundation tax-deductible?
Rossman Family Foundation is registered as a tax-exempt nonprofit (EIN: 203928172). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Rossman Family Foundation compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), Rossman Family 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 Rossman Family Foundation located?
Rossman Family Foundation is headquartered in Chicago, Illinois and files with the IRS under EIN 203928172. It is classified under NTEE code T20.
How many years of IRS 990 filings does Rossman Family Foundation have?
Rossman 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 $2.6M in total revenue.
Is the Rossman Family Foundation financially sustainable in the long term?
The foundation has consistently spent more than its revenue, leading to a decline in assets from over $10 million in 2011 to $7.3 million in 2023. This suggests a spend-down strategy or reliance on endowment principal, which is sustainable only until the assets are depleted or if investment returns significantly improve.
What is the primary source of the foundation's revenue?
Given the NTEE code T20 (Private Grantmaking Foundations) and the consistent asset draw-down, the primary revenue is likely investment income from its endowment, rather than public donations. The 'Latest Revenue' of $2,556,012 is an outlier compared to historical figures, which average much lower, suggesting a significant one-time event or reclassification.
How does the foundation manage its administrative costs?
The foundation reports 0% officer compensation, which is excellent for minimizing administrative costs. This suggests a lean operational structure, possibly relying on volunteer leadership or outsourced administrative services.
Filing History
IRS 990 filing history for Rossman Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Rossman Family Foundation's revenue has declined by 82.6%, moving from $775K to $135K. Total assets decreased by 30.7% over the same period, from $10.5M to $7.3M. Total functional expenses fell by 7.2%, from $570K to $529K. In its most recent filing year (2023), Rossman Family Foundation reported a deficit of $394K, with expenses exceeding revenue. The organization holds $1 in liabilities against $7.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $7.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $135K | $529K | $7.3M | $1 | — | View 990 |
| 2022 | $107K | $677K | $7.7M | $1 | — | View 990 |
| 2021 | $199K | $583K | $8.3M | $1 | — | View 990 |
| 2020 | $66K | $683K | $8.7M | $1 | — | View 990 |
| 2019 | $196K | $517K | $8.7M | $1 | — | — |
| 2015 | $218K | $406K | $9.4M | $1 | — | View 990 |
| 2014 | $-22,161 | $621K | $9.6M | $1 | — | View 990 |
| 2013 | $490K | $453K | $10.3M | $1 | — | View 990 |
| 2012 | $270K | $571K | $10.2M | $0 | — | View 990 |
| 2011 | $775K | $570K | $10.5M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $135K, expenses of $529K, and assets of $7.3M (revenue +26.5% year-over-year).
- 2022: Revenue of $107K, expenses of $677K, and assets of $7.7M (revenue -46.3% year-over-year).
- 2021: Revenue of $199K, expenses of $583K, and assets of $8.3M (revenue +201.8% year-over-year).
- 2020: Revenue of $66K, expenses of $683K, and assets of $8.7M (revenue -66.3% year-over-year).
- 2019: Revenue of $196K, expenses of $517K, and assets of $8.7M (revenue -10.3% year-over-year).
- 2015: Revenue of $218K, expenses of $406K, and assets of $9.4M.
- 2014: Revenue of $-22,161, expenses of $621K, and assets of $9.6M (revenue -104.5% year-over-year).
- 2013: Revenue of $490K, expenses of $453K, and assets of $10.3M (revenue +81.4% year-over-year).
- 2012: Revenue of $270K, expenses of $571K, and assets of $10.2M (revenue -65.1% year-over-year).
- 2011: Revenue of $775K, expenses of $570K, and assets of $10.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rossman Family Foundation:
Data Sources and Methodology
This transparency report for Rossman 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.