Silverwing Foundation
Silverwing Foundation shows volatile revenue and declining assets, with no reported officer compensation.
EIN: 202110480 · Ada, MI · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $6.6M |
| Total Expenses | $2.9M |
| Program Spending | 80% |
| Net Assets | $23.3M |
| Transparency Score | 70/100 |
Search Intent Cockpit
Silverwing Foundation Form 990, Revenue, CEO Pay, and IRS Filing Signals
Silverwing Foundation is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Silverwing Foundation in one place.
Form 990 Filing Summary
10 filing years are available, with latest revenue of $4.1M and expenses of $2.9M.
Revenue and Expenses
Silverwing Foundation reported $4.1M in revenue and $2.9M in expenses, a surplus of $1.2M.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
70/100 mission score, 4 red flags, and 3 strengths are shown from structured and AI review.
Is Silverwing Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $2.3M (80%) |
Across stored filings, Silverwing Foundation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 4 red flags identified |
| Mission spend | 80% to programs | Excellent |
| Financial durability | Grade A | 10 stored filing years |
| Peer context | Compare with American Academy Of Podiatric Practice Management | Michigan and category context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
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Compare with American Academy Of Podiatric Practice Management →All Michigan nonprofits
Local and Sector Spokes
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Ada, MI nonprofitsFollow the Money
Jump into spending, compensation, rankings, and filing-year evidence.
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Keep the Investigation Moving
Silverwing Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
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.
Organization Overview
Silverwing Foundation is a mid-size nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.1M |
| Total Expenses | $2.9M |
| Surplus / Deficit | +$1.2M |
| Total Assets | $23.4M |
| Total Liabilities | $63K |
| Net Assets | $23.3M |
| Operating Margin | 29.3% |
| Debt-to-Asset Ratio | 0.3% |
| Months of Reserves | 96.6 months |
Financial Health Grade: A
In 2023, Silverwing Foundation reported a surplus of $1.2M with revenue exceeding expenses, holds 96.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.3% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Silverwing Foundation's revenue has declined at a compound annual growth rate (CAGR) of -3.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +634.0% | -1.9% | +5.4% |
| 2022 | +80.2% | +12.6% | -9.7% |
| 2021 | +97.7% | -21.8% | -8.7% |
| 2020 | -98.5% | -48.5% | -10.7% |
| 2019 | +322.4% | -58.2% | +2.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.2M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.3%.
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
Is Silverwing Foundation a legitimate charity?
Silverwing Foundation (EIN: 202110480) is a registered tax-exempt nonprofit based in Michigan. Our AI analysis gives it a Mission Score of 70/100. It has 10 years of IRS 990 filings on record. Total revenue: $6.6M. 4 red flags identified. 3 strengths noted. Financial health grade: A.
How does Silverwing Foundation spend its money?
Silverwing Foundation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Silverwing Foundation tax-deductible?
Silverwing Foundation is registered as a tax-exempt nonprofit (EIN: 202110480). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Silverwing Foundation's spending goes to programs?
Silverwing Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Silverwing Foundation located?
Silverwing Foundation is headquartered in Ada, Michigan and files with the IRS under EIN 202110480.
How many years of IRS 990 filings does Silverwing Foundation have?
Silverwing 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 $6.6M in total revenue.
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. % | |
|---|---|---|---|---|---|---|
| 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.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Silverwing Foundation:
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.