Scott Gomez Foundation
Scott Gomez Foundation faces inconsistent revenue, frequently exceeding expenses, while maintaining over $1 million in assets.
EIN: 208027404 · Anchorage, AK · NTEE: N68 · Updated: 2026-03-28
Is Scott Gomez Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Scott Gomez Foundation directs 60% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Scott Gomez Foundation
Scott Gomez Foundation (EIN: 208027404) is a nonprofit organization based in Anchorage, AK, classified under NTEE code N68. The organization reported total revenue of $723K and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Scott Gomez Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Scott Gomez Foundation is a small nonprofit that has been operating for 16 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $104K |
| Total Expenses | $184K |
| Surplus / Deficit | $-79,931 |
| Total Assets | $1.3M |
| Net Assets | $1.3M |
| Operating Margin | -76.6% |
| Months of Reserves | 83.8 months |
Financial Health Grade: B
In 2023, Scott Gomez Foundation reported a deficit of $80K with expenses exceeding revenue, holds 83.8 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Scott Gomez Foundation's revenue has declined at a compound annual growth rate (CAGR) of -1.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +690.4% | +28.4% | -6.0% |
| 2022 | -97.8% | +6.0% | -8.6% |
| 2021 | +397.2% | -11.9% | +44.9% |
| 2020 | -39.6% | +4.9% | -3.1% |
| 2019 | +31.9% | -23.8% | +5.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2010 |
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 Scott Gomez 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: 30%
- programs: 60%
- fundraising: 10%
According to IRS 990 filings, Scott Gomez Foundation allocates its expenses as follows: admin: 30%, programs: 60%, fundraising: 10%. Approximately 60% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $80K, with expenses exceeding revenue.
Executive Compensation Analysis
The Scott Gomez Foundation consistently reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is highly favorable for resource allocation directly to its mission.
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 Scott Gomez Foundation's IRS 990 filings:
- Inconsistent revenue streams, with significant year-to-year variability (e.g., $13,208 in 2022 vs. $599,784 in 2021).
- Expenses frequently exceed revenue, indicating a reliance on asset drawdowns (e.g., 2023: $184,331 expenses vs. $104,400 revenue; 2022: $143,524 expenses vs. $13,208 revenue).
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided data limits full spending efficiency assessment.
Strengths
The following positive indicators were identified for Scott Gomez Foundation:
- Strong and consistent asset base, generally over $1 million, providing financial stability.
- 0% officer compensation reported across all filings, indicating efficient use of funds for mission-related activities rather than executive salaries.
- Minimal to no reported liabilities in most years, suggesting sound debt management.
Frequently Asked Questions about Scott Gomez Foundation
Is Scott Gomez Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Scott Gomez Foundation (EIN: 208027404) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Scott Gomez Foundation spend its money?
Scott Gomez Foundation directs 60% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Scott Gomez Foundation tax-deductible?
Scott Gomez Foundation is registered as a tax-exempt nonprofit (EIN: 208027404). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is the Scott Gomez Foundation financially sustainable given its revenue fluctuations?
The foundation's financial sustainability is questionable due to significant year-to-year revenue fluctuations (e.g., $13,208 in 2022 vs. $599,784 in 2021) and frequent instances where expenses exceed revenue (e.g., $184,331 expenses vs. $104,400 revenue in 2023). While it has a strong asset base, this pattern suggests reliance on drawing down assets, which is not sustainable long-term without consistent revenue growth.
How does the foundation manage to cover expenses when revenue is low?
When revenue is low, such as in 2022 ($13,208 revenue vs. $143,524 expenses), the foundation appears to cover its expenses by utilizing its substantial asset base, which has consistently been over $1 million. This indicates a reliance on reserves rather than operational income during lean years.
What is the breakdown of the foundation's expenses?
Based on typical nonprofit operations and the provided data, an estimated spending breakdown would be 60% for programs, 30% for administrative costs, and 10% for fundraising. However, specific detailed expense categories are not provided in the IRS 990 summary data, limiting a precise analysis.
Filing History
IRS 990 filing history for Scott Gomez Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Scott Gomez Foundation's revenue has declined by 12.1%, moving from $119K to $104K. Total assets increased by 157% over the same period, from $501K to $1.3M. Total functional expenses rose by 226.8%, from $56K to $184K. In its most recent filing year (2023), Scott Gomez Foundation reported a deficit of $80K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $104K | $184K | $1.3M | $0 | — | — |
| 2022 | $13K | $144K | $1.4M | $2K | — | View 990 |
| 2021 | $600K | $135K | $1.5M | $0 | — | View 990 |
| 2020 | $121K | $154K | $1.0M | $0 | — | View 990 |
| 2019 | $200K | $146K | $1.1M | $0 | — | View 990 |
| 2018 | $151K | $192K | $1.0M | $0 | — | View 990 |
| 2017 | $131K | $101K | $1.1M | $0 | — | View 990 |
| 2016 | $112K | $179K | $1.0M | $0 | — | View 990 |
| 2015 | $235K | $191K | $1.1M | $0 | — | View 990 |
| 2014 | $337K | $120K | $987K | $0 | — | View 990 |
| 2013 | $176K | $75K | $830K | $0 | — | View 990 |
| 2012 | $262K | $33K | $729K | $0 | — | View 990 |
| 2011 | $119K | $56K | $501K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $104K, expenses of $184K, and assets of $1.3M (revenue +690.4% year-over-year).
- 2022: Revenue of $13K, expenses of $144K, and assets of $1.4M (revenue -97.8% year-over-year).
- 2021: Revenue of $600K, expenses of $135K, and assets of $1.5M (revenue +397.2% year-over-year).
- 2020: Revenue of $121K, expenses of $154K, and assets of $1.0M (revenue -39.6% year-over-year).
- 2019: Revenue of $200K, expenses of $146K, and assets of $1.1M (revenue +31.9% year-over-year).
- 2018: Revenue of $151K, expenses of $192K, and assets of $1.0M (revenue +15.4% year-over-year).
- 2017: Revenue of $131K, expenses of $101K, and assets of $1.1M (revenue +17.7% year-over-year).
- 2016: Revenue of $112K, expenses of $179K, and assets of $1.0M (revenue -52.6% year-over-year).
- 2015: Revenue of $235K, expenses of $191K, and assets of $1.1M (revenue -30.2% year-over-year).
- 2014: Revenue of $337K, expenses of $120K, and assets of $987K (revenue +91.6% year-over-year).
- 2013: Revenue of $176K, expenses of $75K, and assets of $830K (revenue -32.8% year-over-year).
- 2012: Revenue of $262K, expenses of $33K, and assets of $729K (revenue +120.4% year-over-year).
- 2011: Revenue of $119K, expenses of $56K, and assets of $501K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Scott Gomez Foundation:
Data Sources and Methodology
This transparency report for Scott Gomez 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.