Tamarack Foundation Inc
Tamarack Foundation Inc faces recent operational deficits despite maintaining healthy assets and zero executive compensation.
EIN: 134219221 · Charleston, WV · NTEE: A20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $428K |
| Total Expenses | $570K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $147,020 |
| Net Assets | $468K |
| Transparency Score | 85/100 |
Is Tamarack Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Tamarack Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Tamarack Foundation Inc
Tamarack Foundation Inc (EIN: 134219221) is a nonprofit organization based in Charleston, WV, classified under NTEE code A20. The organization reported total revenue of $428K and total assets of $395K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Tamarack Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Tamarack Foundation Inc is a small nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $443K |
| Total Expenses | $570K |
| Surplus / Deficit | $-126,713 |
| Total Assets | $500K |
| Total Liabilities | $31K |
| Net Assets | $468K |
| Operating Margin | -28.6% |
| Debt-to-Asset Ratio | 6.3% |
| Months of Reserves | 10.5 months |
Financial Health Grade: B
In 2023, Tamarack Foundation Inc reported a deficit of $127K with expenses exceeding revenue, holds 10.5 months of operating reserves (strong position), has a debt-to-asset ratio of 6.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Tamarack Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.2% | +19.8% | -19.0% |
| 2022 | +4.2% | +67.2% | +2.1% |
| 2021 | +208.4% | +36.1% | +37.0% |
| 2020 | -11.8% | +4.5% | -14.6% |
| 2019 | -26.8% | +0.1% | -4.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2003 |
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 Tamarack Foundation Inc with a Mission Score of 85 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Tamarack Foundation Inc 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 deficit of $127K, with expenses exceeding revenue.
- Debt-to-asset ratio: 6.3%.
Executive Compensation Analysis
Executive compensation is reported at 0% across all available filings, indicating that no officers receive salaries from the organization, which is highly commendable for an organization of its size with revenues ranging from $147,020 to $472,563.
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 Tamarack Foundation Inc's IRS 990 filings:
- Consistent operational deficits in the last two reported periods (2022 and 2023), where expenses exceeded revenue.
- Significant increase in expenses in 2023 to $569,848, the highest in the provided history, leading to a substantial deficit.
Strengths
The following positive indicators were identified for Tamarack Foundation Inc:
- Zero officer compensation reported across all available filings, indicating high efficiency in executive spending.
- Healthy asset base, with assets of $499,646 in 2023, providing a buffer against financial fluctuations.
- Low liabilities, at $31,369 in 2023, suggesting good financial management and minimal debt.
- Consistent IRS 990 filing history (13 filings), demonstrating strong transparency and compliance.
Frequently Asked Questions about Tamarack Foundation Inc
Is Tamarack Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Tamarack Foundation Inc (EIN: 134219221) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Tamarack Foundation Inc spend its money?
Tamarack Foundation Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Tamarack Foundation Inc tax-deductible?
Tamarack Foundation Inc is registered as a tax-exempt nonprofit (EIN: 134219221). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Tamarack Foundation Inc CEO make?
Tamarack Foundation Inc's highest-compensated officer earns $147,020 annually. The organization reported $428K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Tamarack Foundation Inc's spending goes to programs?
Tamarack Foundation Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Tamarack Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Tamarack Foundation Inc is above average for NTEE category A20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Tamarack Foundation Inc located?
Tamarack Foundation Inc is headquartered in Charleston, West Virginia and files with the IRS under EIN 134219221. It is classified under NTEE code A20.
How many years of IRS 990 filings does Tamarack Foundation Inc have?
Tamarack Foundation Inc has 13 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 $428K in total revenue.
Is Tamarack Foundation Inc financially sustainable given recent deficits?
While Tamarack Foundation Inc has experienced operational deficits in 2022 and 2023 (e.g., $569,848 expenses vs. $443,135 revenue in 2023), it maintains substantial assets ($499,646 in 2023) and low liabilities ($31,369 in 2023), suggesting it has reserves to cover short-term shortfalls. However, sustained deficits could impact long-term sustainability.
How does the lack of officer compensation impact the organization?
The consistent reporting of 0% officer compensation is a significant positive, indicating that the organization's funds are not being used for executive salaries. This suggests a strong commitment to directing resources towards its mission and operational needs, enhancing its spending efficiency.
What is the trend in the organization's revenue and expenses?
Revenue has fluctuated, peaking at $472,563 in 2022 and $443,135 in 2023, while expenses have generally increased, reaching $569,848 in 2023. This has led to operational deficits in the most recent two periods, contrasting with a surplus in 2021 ($453,443 revenue vs. $284,335 expenses).
Filing History
IRS 990 filing history for Tamarack Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Tamarack Foundation Inc's revenue has grown by 54.1%, moving from $288K to $443K. Total assets increased by 81.3% over the same period, from $276K to $500K. Total functional expenses rose by 79.9%, from $317K to $570K. In its most recent filing year (2023), Tamarack Foundation Inc reported a deficit of $127K, with expenses exceeding revenue. The organization holds $31K in liabilities against $500K in assets (debt-to-asset ratio: 6.3%), resulting in net assets of $468K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $443K | $570K | $500K | $31K | — | — |
| 2022 | $473K | $476K | $617K | $22K | — | View 990 |
| 2021 | $453K | $284K | $605K | $7K | — | View 990 |
| 2020 | $147K | $209K | $441K | $12K | — | View 990 |
| 2019 | $167K | $200K | $516K | $26K | — | View 990 |
| 2018 | $228K | $200K | $541K | $17K | — | View 990 |
| 2017 | $222K | $272K | $512K | $16K | — | — |
| 2016 | $438K | $308K | $626K | $81K | — | View 990 |
| 2015 | $355K | $335K | $566K | $150K | — | View 990 |
| 2014 | $383K | $402K | $417K | $21K | — | View 990 |
| 2013 | $351K | $325K | $464K | $49K | — | View 990 |
| 2012 | $493K | $370K | $408K | $19K | — | View 990 |
| 2011 | $288K | $317K | $276K | $9K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $443K, expenses of $570K, and assets of $500K (revenue -6.2% year-over-year).
- 2022: Revenue of $473K, expenses of $476K, and assets of $617K (revenue +4.2% year-over-year).
- 2021: Revenue of $453K, expenses of $284K, and assets of $605K (revenue +208.4% year-over-year).
- 2020: Revenue of $147K, expenses of $209K, and assets of $441K (revenue -11.8% year-over-year).
- 2019: Revenue of $167K, expenses of $200K, and assets of $516K (revenue -26.8% year-over-year).
- 2018: Revenue of $228K, expenses of $200K, and assets of $541K (revenue +2.3% year-over-year).
- 2017: Revenue of $222K, expenses of $272K, and assets of $512K (revenue -49.2% year-over-year).
- 2016: Revenue of $438K, expenses of $308K, and assets of $626K (revenue +23.5% year-over-year).
- 2015: Revenue of $355K, expenses of $335K, and assets of $566K (revenue -7.4% year-over-year).
- 2014: Revenue of $383K, expenses of $402K, and assets of $417K (revenue +9.2% year-over-year).
- 2013: Revenue of $351K, expenses of $325K, and assets of $464K (revenue -28.9% year-over-year).
- 2012: Revenue of $493K, expenses of $370K, and assets of $408K (revenue +71.4% year-over-year).
- 2011: Revenue of $288K, expenses of $317K, and assets of $276K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Tamarack Foundation Inc:
Data Sources and Methodology
This transparency report for Tamarack Foundation Inc 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.