The Allan & Cathy Tasman Family Foundation Inc
The Allan & Cathy Tasman Family Foundation consistently operates with volunteer leadership and stable assets.
EIN: 208119107 · Louisville, KY · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $110K |
| Total Expenses | $22K |
| Program Spending | 90% |
| Net Assets | $124K |
| Transparency Score | 90/100 |
Is The Allan & Cathy Tasman Family Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Allan & Cathy Tasman Family Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Allan & Cathy Tasman Family Foundation Inc
The Allan & Cathy Tasman Family Foundation Inc (EIN: 208119107) is a nonprofit organization based in Louisville, KY, classified under NTEE code T20. The organization reported total revenue of $110K and total assets of $214K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Allan & Cathy Tasman Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Allan & Cathy Tasman Family Foundation Inc is a small nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 1.7%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $24K |
| Total Expenses | $22K |
| Surplus / Deficit | +$2K |
| Total Assets | $127K |
| Total Liabilities | $2K |
| Net Assets | $124K |
| Operating Margin | 9.1% |
| Debt-to-Asset Ratio | 1.8% |
| Months of Reserves | 68.8 months |
Financial Health Grade: A
In 2024, The Allan & Cathy Tasman Family Foundation Inc reported a surplus of $2K with revenue exceeding expenses, holds 68.8 months of operating reserves (strong position), has a debt-to-asset ratio of 1.8% (very low leverage).
Financial Trends
Over 10 years of filings (2012–2024), The Allan & Cathy Tasman Family Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +29.4% | +4.6% | -1.2% |
| 2023 | -2.0% | +25.4% | -1.8% |
| 2022 | +111.5% | +11.9% | +3.5% |
| 2021 | +19.1% | +65.0% | -2.2% |
| 2019 | +71.2% | +17.7% | +31.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 The Allan & Cathy Tasman Family Foundation Inc with a Mission Score of 90 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, The Allan & Cathy Tasman Family Foundation Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.8%.
Executive Compensation Analysis
Executive compensation is reported at 0% across all available filings, indicating that the foundation is run by unpaid volunteers, which is highly efficient for an organization of its size.
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.
Strengths
The following positive indicators were identified for The Allan & Cathy Tasman Family Foundation Inc:
- Consistent 0% officer compensation across all filings, indicating volunteer leadership.
- Stable asset base consistently exceeding liabilities over the past decade.
- Regular and transparent IRS 990 filings over ten periods.
- Efficient spending profile typical of a private foundation with minimal overhead.
Frequently Asked Questions about The Allan & Cathy Tasman Family Foundation Inc
Is The Allan & Cathy Tasman Family Foundation Inc a legitimate charity?
The Allan & Cathy Tasman Family Foundation Inc (EIN: 208119107) is a registered tax-exempt nonprofit based in Kentucky. Our AI analysis gives it a Mission Score of 90/100. It has 10 years of IRS 990 filings on record. Total revenue: $110K. No red flags identified. 4 strengths noted. Financial health grade: A.
How does The Allan & Cathy Tasman Family Foundation Inc spend its money?
The Allan & Cathy Tasman Family Foundation Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to The Allan & Cathy Tasman Family Foundation Inc tax-deductible?
The Allan & Cathy Tasman Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 208119107). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does The Allan & Cathy Tasman Family Foundation Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), The Allan & Cathy Tasman Family Foundation Inc is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Allan & Cathy Tasman Family Foundation Inc located?
The Allan & Cathy Tasman Family Foundation Inc is headquartered in Louisville, Kentucky and files with the IRS under EIN 208119107. It is classified under NTEE code T20.
How many years of IRS 990 filings does The Allan & Cathy Tasman Family Foundation Inc have?
The Allan & Cathy Tasman Family Foundation Inc 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 $110K in total revenue.
Is The Allan & Cathy Tasman Family Foundation Inc a good charity?
As a private family foundation, its 'goodness' is measured by its grant-making effectiveness. The consistent 0% officer compensation and stable asset base suggest it is efficiently managed to fulfill its philanthropic goals.
How has the foundation's revenue trended over time?
Revenue has shown fluctuations but a general upward trend, from $4,449 in 2016 to $24,314 in 2024, indicating increased financial capacity.
What is the organization's approach to executive compensation?
The organization consistently reports 0% officer compensation, meaning its leadership serves on a volunteer basis, which is a significant strength in terms of efficiency.
Filing History
IRS 990 filing history for The Allan & Cathy Tasman Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2024), The Allan & Cathy Tasman Family Foundation Inc's revenue has grown by 23%, moving from $20K to $24K. Total assets increased by 45.6% over the same period, from $87K to $127K. Total functional expenses rose by 366.7%, from $5K to $22K. In its most recent filing year (2024), The Allan & Cathy Tasman Family Foundation Inc reported a surplus of $2K, with revenue exceeding expenses. The organization holds $2K in liabilities against $127K in assets (debt-to-asset ratio: 1.8%), resulting in net assets of $124K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $24K | $22K | $127K | $2K | — | View 990 |
| 2023 | $19K | $21K | $128K | $6K | — | View 990 |
| 2022 | $19K | $17K | $131K | $6K | — | View 990 |
| 2021 | $9K | $15K | $126K | $4K | — | View 990 |
| 2019 | $8K | $9K | $129K | $184 | — | View 990 |
| 2016 | $4K | $8K | $98K | $184 | — | View 990 |
| 2015 | $24K | $8K | $103K | $2K | — | View 990 |
| 2014 | $4K | $8K | $85K | $169 | — | View 990 |
| 2013 | $9K | $8K | $89K | $169 | — | View 990 |
| 2012 | $20K | $5K | $87K | $139 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $24K, expenses of $22K, and assets of $127K (revenue +29.4% year-over-year).
- 2023: Revenue of $19K, expenses of $21K, and assets of $128K (revenue -2.0% year-over-year).
- 2022: Revenue of $19K, expenses of $17K, and assets of $131K (revenue +111.5% year-over-year).
- 2021: Revenue of $9K, expenses of $15K, and assets of $126K (revenue +19.1% year-over-year).
- 2019: Revenue of $8K, expenses of $9K, and assets of $129K (revenue +71.2% year-over-year).
- 2016: Revenue of $4K, expenses of $8K, and assets of $98K (revenue -81.7% year-over-year).
- 2015: Revenue of $24K, expenses of $8K, and assets of $103K (revenue +461.8% year-over-year).
- 2014: Revenue of $4K, expenses of $8K, and assets of $85K (revenue -53.7% year-over-year).
- 2013: Revenue of $9K, expenses of $8K, and assets of $89K (revenue -52.7% year-over-year).
- 2012: Revenue of $20K, expenses of $5K, and assets of $87K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Allan & Cathy Tasman Family Foundation Inc:
Data Sources and Methodology
This transparency report for The Allan & Cathy Tasman Family 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.