Roy M Malool Family Foundation
Roy M Malool Family Foundation faces significant financial volatility with recurring deficits and declining assets.
EIN: 20498236 · Newport, NH · NTEE: T90Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $574 |
| Total Expenses | $89K |
| Program Spending | 70% |
| Net Assets | $139K |
| Transparency Score | 45/100 |
Is Roy M Malool Family Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Roy M Malool Family Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Roy M Malool Family Foundation
Roy M Malool Family Foundation (EIN: 20498236) is a nonprofit organization based in Newport, NH, classified under NTEE code T90Z. The organization reported total revenue of $574 and total assets of $118K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Roy M Malool Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Roy M Malool Family Foundation is a micro nonprofit that has been operating for 28 years, with 10 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of -28.5%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $2K |
| Total Expenses | $89K |
| Surplus / Deficit | $-86,894 |
| Total Assets | $139K |
| Total Liabilities | $1 |
| Net Assets | $139K |
| Operating Margin | -3796.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 18.8 months |
Financial Health Grade: B
In 2024, Roy M Malool Family Foundation reported a deficit of $87K with expenses exceeding revenue, holds 18.8 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 (2012–2024), Roy M Malool Family Foundation's revenue has declined at a compound annual growth rate (CAGR) of -28.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +190.9% | +891.5% | -38.4% |
| 2023 | -99.4% | -92.4% | -3.5% |
| 2022 | -27.5% | -13.1% | +6.2% |
| 2021 | +7571.8% | +45.6% | +26.3% |
| 2020 | -98.4% | +101.1% | -26.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1998 |
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 Roy M Malool Family Foundation with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Roy M Malool Family Foundation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $87K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officer salaries are paid, which is a positive 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 Roy M Malool Family Foundation's IRS 990 filings:
- Recurring significant deficits (e.g., 202406: Revenue $2,289, Expenses $89,183)
- Substantial decline in assets over time (from $1,093,113 in 2012 to $139,355 in 2024)
- Highly inconsistent revenue streams, making financial planning difficult
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data
Strengths
The following positive indicators were identified for Roy M Malool Family Foundation:
- 0% officer compensation reported across all filings, indicating no executive salary burden
- Consistent filing of IRS Form 990s, demonstrating compliance and transparency in reporting
Frequently Asked Questions about Roy M Malool Family Foundation
Is Roy M Malool Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Roy M Malool Family Foundation (EIN: 20498236) significant concerns. Mission Score: 45/100. 4 red flags identified, 2 strengths noted.
How does Roy M Malool Family Foundation spend its money?
Roy M Malool Family Foundation directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Roy M Malool Family Foundation tax-deductible?
Roy M Malool Family Foundation is registered as a tax-exempt nonprofit (EIN: 20498236). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Roy M Malool Family Foundation's spending goes to programs?
Roy M Malool Family Foundation directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Roy M Malool Family Foundation compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Roy M Malool Family Foundation is near average for NTEE category T90Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Roy M Malool Family Foundation located?
Roy M Malool Family Foundation is headquartered in Newport, New Hampshire and files with the IRS under EIN 20498236. It is classified under NTEE code T90Z.
How many years of IRS 990 filings does Roy M Malool Family Foundation have?
Roy M Malool 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 $574 in total revenue.
Why are expenses consistently higher than revenue in recent years?
The organization has reported expenses significantly exceeding revenue in multiple recent periods, such as $89,183 in expenses vs. $2,289 in revenue in 202406, and $93,338 in expenses vs. $2,370 in revenue in 202006. This suggests a reliance on past reserves or other undisclosed funding sources to cover operational costs.
What caused the substantial decline in assets from $1,093,113 in 2012 to $139,355 in 2024?
The significant decrease in assets over the past decade, from over $1 million to under $140,000, indicates that the foundation has been spending down its principal or experiencing substantial investment losses, which is a critical concern for long-term viability.
What are the specific program activities funded by the foundation?
The provided data does not detail the specific program activities. Given the NTEE code T90Z (Philanthropy, Voluntarism & Grantmaking Foundations, Other), it's likely a grantmaking foundation, but the beneficiaries or types of grants are not specified.
Filing History
IRS 990 filing history for Roy M Malool Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2024), Roy M Malool Family Foundation's revenue has declined by 98.2%, moving from $128K to $2K. Total assets decreased by 87.3% over the same period, from $1.1M to $139K. Total functional expenses fell by 30%, from $127K to $89K. In its most recent filing year (2024), Roy M Malool Family Foundation reported a deficit of $87K, with expenses exceeding revenue. The organization holds $1 in liabilities against $139K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $139K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $2K | $89K | $139K | $1 | — | — |
| 2023 | $787 | $9K | $226K | $1 | — | View 990 |
| 2022 | $132K | $118K | $234K | $1 | — | View 990 |
| 2021 | $182K | $136K | $221K | $1 | — | — |
| 2020 | $2K | $93K | $175K | $1 | — | View 990 |
| 2016 | $146K | $46K | $237K | $75 | — | View 990 |
| 2015 | $142K | $67K | $121K | $1 | — | View 990 |
| 2014 | $-88,864 | $271K | $67K | $1 | — | View 990 |
| 2013 | $145K | $811K | $427K | $0 | — | View 990 |
| 2012 | $128K | $127K | $1.1M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $2K, expenses of $89K, and assets of $139K (revenue +190.9% year-over-year).
- 2023: Revenue of $787, expenses of $9K, and assets of $226K (revenue -99.4% year-over-year).
- 2022: Revenue of $132K, expenses of $118K, and assets of $234K (revenue -27.5% year-over-year).
- 2021: Revenue of $182K, expenses of $136K, and assets of $221K (revenue +7571.8% year-over-year).
- 2020: Revenue of $2K, expenses of $93K, and assets of $175K (revenue -98.4% year-over-year).
- 2016: Revenue of $146K, expenses of $46K, and assets of $237K (revenue +3.2% year-over-year).
- 2015: Revenue of $142K, expenses of $67K, and assets of $121K.
- 2014: Revenue of $-88,864, expenses of $271K, and assets of $67K (revenue -161.4% year-over-year).
- 2013: Revenue of $145K, expenses of $811K, and assets of $427K (revenue +12.9% year-over-year).
- 2012: Revenue of $128K, expenses of $127K, and assets of $1.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Roy M Malool Family Foundation:
Data Sources and Methodology
This transparency report for Roy M Malool 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.