Silverwing Foundation

Silverwing Foundation shows volatile revenue and declining assets, with no reported officer compensation.

EIN: 202110480 · Ada, MI · Updated: 2026-03-28

$6.6MRevenue

$24.2MAssets

70/100Mission Score (Good)

About Silverwing Foundation

Silverwing Foundation (EIN: 202110480) is a nonprofit organization based in Ada, MI. The organization reported total revenue of $6.6M and total assets of $24.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Silverwing Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Silverwing Foundation exhibits a highly variable financial history, with revenue fluctuating significantly over the past decade, from a high of $36,047,660 in 2012 to a low of $157,080 in 2020. Despite these fluctuations, the organization consistently reports zero officer compensation across all available filings, which is a positive indicator of financial transparency and a commitment to directing funds towards its mission rather than executive salaries. However, the consistent decline in assets from a peak of $53,835,611 in 2012 to $23,361,902 in 2023, alongside periods where expenses significantly outstripped revenue (e.g., 2022 with $559,558 revenue vs. $2,959,616 expenses), raises questions about long-term financial sustainability and the strategic management of its endowment.

The foundation's spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, the consistent reporting of zero officer compensation suggests a lean operational structure at the top. The substantial asset base, even after its decline, indicates a significant capacity for grantmaking or program support, but the trend of declining assets warrants closer examination. The lack of specific NTEE code also makes it challenging to benchmark its financial performance against similar organizations.

Overall, while the Silverwing Foundation demonstrates strong transparency regarding executive compensation, its volatile revenue streams and declining asset base suggest potential challenges in maintaining consistent operational funding and long-term financial health. A deeper dive into the allocation of its expenses would be necessary to fully evaluate its spending efficiency and program impact.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Silverwing Foundation with a Mission Score of 70 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: 15%
programs: 80%
fundraising: 5%

According to IRS 990 filings, Silverwing Foundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The Silverwing Foundation consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers, which is highly unusual for an organization of its size and asset base.

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 Silverwing Foundation's IRS 990 filings:

Significant and consistent decline in assets over the past decade (from $53.8M in 2012 to $23.3M in 2023).
Highly volatile revenue streams, making financial planning and consistent program delivery challenging.
Expenses frequently exceed revenue, indicating reliance on asset drawdowns or prior year surpluses.
Lack of NTEE code or detailed program information makes it difficult to assess mission alignment and impact.

Strengths

The following positive indicators were identified for Silverwing Foundation:

Consistent reporting of 0% officer compensation, indicating a strong commitment to directing funds away from executive salaries.
Maintains a substantial asset base ($23.3M in 2023) despite declines, providing a buffer for operations.
Demonstrates financial transparency by consistently filing IRS Form 990s.

Frequently Asked Questions about Silverwing Foundation

Why has Silverwing Foundation's asset base declined from $53.8 million in 2012 to $23.3 million in 2023?

The provided data shows a consistent decline in assets over the past decade, suggesting significant expenditures or investment losses that have not been offset by revenue or new contributions.

How does Silverwing Foundation sustain operations with such volatile revenue and zero officer compensation?

The consistent reporting of zero officer compensation implies that leadership may be volunteer-based or compensated through other means not captured as 'officer compensation.' The organization likely relies on its substantial asset base to cover expenses during periods of low revenue.

What are the primary program areas or grants supported by Silverwing Foundation?

The provided data does not specify the NTEE code or program details, making it impossible to determine the foundation's primary program areas or grant recipients.

What caused the significant revenue spike in 2012 ($36 million) and 2019 ($10.8 million) compared to other years?

The data does not provide details on the sources of revenue, but such spikes could indicate large one-time donations, significant investment gains, or specific fundraising campaigns in those years.

Is the Silverwing Foundation financially sustainable given its history of expenses exceeding revenue in multiple years?

While the foundation has a substantial asset base, the trend of expenses exceeding revenue in several years (e.g., 2022, 2021, 2020, 2015, 2014, 2013, 2011) and the overall decline in assets raise concerns about its long-term financial sustainability without a more consistent revenue stream or adjusted spending.

Filing History

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

Over 10 years of IRS 990 filings (2011–2023), Silverwing Foundation's revenue has declined by 30.5%, moving from $5.9M to $4.1M. Total assets decreased by 32% over the same period, from $34.4M to $23.4M. Total functional expenses fell by 57.3%, from $6.8M to $2.9M. In its most recent filing year (2023), Silverwing Foundation reported a surplus of $1.2M, with revenue exceeding expenses. The organization holds $63K in liabilities against $23.4M in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $23.3M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$4.1M	$2.9M	$23.4M	$63K	—	—
2022	$560K	$3.0M	$22.2M	$65K	—	View 990
2021	$311K	$2.6M	$24.5M	$47K	—	View 990
2020	$157K	$3.4M	$26.9M	$58K	—	View 990
2019	$10.8M	$6.5M	$30.1M	$71K	—	View 990
2015	$2.6M	$15.6M	$29.3M	$112K	—	View 990
2014	$4.4M	$11.2M	$42.4M	$106K	—	View 990
2013	$4.0M	$8.7M	$49.1M	$16	—	View 990
2012	$36.0M	$16.0M	$53.8M	$0	—	View 990
2011	$5.9M	$6.8M	$34.4M	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $4.1M, expenses of $2.9M, and assets of $23.4M (revenue +634.0% year-over-year).
2022: Revenue of $560K, expenses of $3.0M, and assets of $22.2M (revenue +80.2% year-over-year).
2021: Revenue of $311K, expenses of $2.6M, and assets of $24.5M (revenue +97.7% year-over-year).
2020: Revenue of $157K, expenses of $3.4M, and assets of $26.9M (revenue -98.5% year-over-year).
2019: Revenue of $10.8M, expenses of $6.5M, and assets of $30.1M (revenue +322.4% year-over-year).
2015: Revenue of $2.6M, expenses of $15.6M, and assets of $29.3M (revenue -41.6% year-over-year).
2014: Revenue of $4.4M, expenses of $11.2M, and assets of $42.4M (revenue +9.9% year-over-year).
2013: Revenue of $4.0M, expenses of $8.7M, and assets of $49.1M (revenue -88.9% year-over-year).
2012: Revenue of $36.0M, expenses of $16.0M, and assets of $53.8M (revenue +510.3% year-over-year).
2011: Revenue of $5.9M, expenses of $6.8M, and assets of $34.4M.

Data Sources and Methodology

This transparency report for Silverwing 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.