The Timothy L Slattery Sr And Thelma H Slattery Foundation
The Timothy L Slattery Sr And Thelma H Slattery Foundation's assets have declined by 22% since 2020 due to expenses frequently exceeding revenue.
EIN: 203889201 · Omaha, NE · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $62K |
| Total Expenses | $36K |
| Program Spending | 75% |
| Net Assets | $308K |
| Transparency Score | 70/100 |
Is The Timothy L Slattery Sr And Thelma H Slattery Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Timothy L Slattery Sr And Thelma H Slattery Foundation directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Timothy L Slattery Sr And Thelma H Slattery Foundation
The Timothy L Slattery Sr And Thelma H Slattery Foundation (EIN: 203889201) is a nonprofit organization based in Omaha, NE, classified under NTEE code T22. The organization reported total revenue of $62K and total assets of $275K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Timothy L Slattery Sr And Thelma H Slattery Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Timothy L Slattery Sr And Thelma H Slattery Foundation is a micro nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $23K |
| Total Expenses | $36K |
| Surplus / Deficit | $-13,421 |
| Total Assets | $308K |
| Total Liabilities | $1 |
| Net Assets | $308K |
| Operating Margin | -58.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 101.3 months |
Financial Health Grade: B
In 2023, The Timothy L Slattery Sr And Thelma H Slattery Foundation reported a deficit of $13K with expenses exceeding revenue, holds 101.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), The Timothy L Slattery Sr And Thelma H Slattery Foundation's revenue has grown at a compound annual growth rate (CAGR) of 4.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +105.8% | -36.0% | -4.2% |
| 2022 | -65.1% | +0.3% | -12.5% |
| 2021 | -34.5% | +23.9% | -7.3% |
| 2020 | +431.1% | +5.1% | +1.9% |
| 2019 | -86.3% | +32.6% | +12.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Timothy L Slattery Sr And Thelma H Slattery 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: 75%
- fundraising: 10%
According to IRS 990 filings, The Timothy L Slattery Sr And Thelma H Slattery Foundation allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $13K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that the foundation operates without paid officers or that compensation is covered by other means, which is highly efficient for a small foundation.
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 The Timothy L Slattery Sr And Thelma H Slattery Foundation's IRS 990 filings:
- Consistent decline in assets over recent years (e.g., from $395,644 in 2020 to $307,558 in 2023)
- Expenses frequently exceeding revenue, indicating reliance on asset drawdowns (e.g., 2022 revenue $11,177 vs. expenses $56,877)
Strengths
The following positive indicators were identified for The Timothy L Slattery Sr And Thelma H Slattery Foundation:
- Zero officer compensation reported across all filings, indicating efficient use of funds for leadership.
- Minimal liabilities consistently reported (often $1), demonstrating strong financial management regarding debt.
- Long filing history (10 filings) indicates consistent operation and compliance.
Frequently Asked Questions about The Timothy L Slattery Sr And Thelma H Slattery Foundation
Is The Timothy L Slattery Sr And Thelma H Slattery Foundation a legitimate charity?
The Timothy L Slattery Sr And Thelma H Slattery Foundation (EIN: 203889201) is a registered tax-exempt nonprofit based in Nebraska. Our AI analysis gives it a Mission Score of 70/100. It has 10 years of IRS 990 filings on record. Total revenue: $62K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does The Timothy L Slattery Sr And Thelma H Slattery Foundation spend its money?
The Timothy L Slattery Sr And Thelma H Slattery Foundation directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to The Timothy L Slattery Sr And Thelma H Slattery Foundation tax-deductible?
The Timothy L Slattery Sr And Thelma H Slattery Foundation is registered as a tax-exempt nonprofit (EIN: 203889201). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Timothy L Slattery Sr And Thelma H Slattery Foundation's spending goes to programs?
The Timothy L Slattery Sr And Thelma H Slattery Foundation directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Timothy L Slattery Sr And Thelma H Slattery Foundation compare to similar nonprofits?
With a transparency score of 70/100 (Good), The Timothy L Slattery Sr And Thelma H Slattery Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Timothy L Slattery Sr And Thelma H Slattery Foundation located?
The Timothy L Slattery Sr And Thelma H Slattery Foundation is headquartered in Omaha, Nebraska and files with the IRS under EIN 203889201. It is classified under NTEE code T22.
How many years of IRS 990 filings does The Timothy L Slattery Sr And Thelma H Slattery Foundation have?
The Timothy L Slattery Sr And Thelma H Slattery 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 $62K in total revenue.
Is The Timothy L Slattery Sr And Thelma H Slattery Foundation a good charity?
As a private foundation, its primary role is typically to make grants to other organizations. The consistent zero officer compensation and minimal liabilities are positive indicators of financial prudence. However, without knowing the specific grants made or programs supported, it's challenging to fully assess its 'goodness' as a public charity would be evaluated.
Why are expenses often higher than revenue?
This is common for foundations that draw down on their endowment or asset base to fund their activities, especially if investment returns are insufficient or if they are making larger grants than their annual income. For example, in 2022, revenue was $11,177 while expenses were $56,877, indicating a significant draw from assets.
What is the trend in the foundation's assets?
The foundation's assets have shown a declining trend in recent years, from a peak of $395,644 in 2020 to $307,558 in 2023, largely due to expenses consistently exceeding revenue.
Filing History
IRS 990 filing history for The Timothy L Slattery Sr And Thelma H Slattery Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The Timothy L Slattery Sr And Thelma H Slattery Foundation's revenue has grown by 71%, moving from $13K to $23K. Total assets increased by 4.4% over the same period, from $295K to $308K. Total functional expenses rose by 57.5%, from $23K to $36K. In its most recent filing year (2023), The Timothy L Slattery Sr And Thelma H Slattery Foundation reported a deficit of $13K, with expenses exceeding revenue. The organization holds $1 in liabilities against $308K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $308K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $23K | $36K | $308K | $1 | — | — |
| 2022 | $11K | $57K | $321K | $1 | — | View 990 |
| 2021 | $32K | $57K | $367K | $1 | — | — |
| 2020 | $49K | $46K | $396K | $4K | — | — |
| 2019 | $9K | $44K | $388K | $1 | — | View 990 |
| 2015 | $67K | $33K | $344K | $1 | — | View 990 |
| 2014 | $10K | $36K | $309K | $1 | — | View 990 |
| 2013 | $84K | $18K | $335K | $0 | — | View 990 |
| 2012 | $20K | $23K | $292K | $1 | — | View 990 |
| 2011 | $13K | $23K | $295K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $23K, expenses of $36K, and assets of $308K (revenue +105.8% year-over-year).
- 2022: Revenue of $11K, expenses of $57K, and assets of $321K (revenue -65.1% year-over-year).
- 2021: Revenue of $32K, expenses of $57K, and assets of $367K (revenue -34.5% year-over-year).
- 2020: Revenue of $49K, expenses of $46K, and assets of $396K (revenue +431.1% year-over-year).
- 2019: Revenue of $9K, expenses of $44K, and assets of $388K (revenue -86.3% year-over-year).
- 2015: Revenue of $67K, expenses of $33K, and assets of $344K (revenue +602.5% year-over-year).
- 2014: Revenue of $10K, expenses of $36K, and assets of $309K (revenue -88.5% year-over-year).
- 2013: Revenue of $84K, expenses of $18K, and assets of $335K (revenue +315.1% year-over-year).
- 2012: Revenue of $20K, expenses of $23K, and assets of $292K (revenue +49.7% year-over-year).
- 2011: Revenue of $13K, expenses of $23K, and assets of $295K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Timothy L Slattery Sr And Thelma H Slattery Foundation:
Data Sources and Methodology
This transparency report for The Timothy L Slattery Sr And Thelma H Slattery 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.