Tim And Gail Buchanan Family Foundation
EIN: 455571106 · Wichita, KS · NTEE: T22
| Metric | Value |
|---|---|
| Total Revenue | $489K |
| Total Expenses | $247K |
| Net Assets | $838K |
Is Tim And Gail Buchanan Family Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Tim And Gail Buchanan Family Foundation
Tim And Gail Buchanan Family Foundation (EIN: 455571106) is a nonprofit organization based in Wichita, KS, classified under NTEE code T22. The organization reported total revenue of $489K and total assets of $964K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Tim And Gail Buchanan Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Tim And Gail Buchanan Family Foundation is a small nonprofit that has been operating for 12 years, with 9 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -13.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $239K |
| Total Expenses | $247K |
| Surplus / Deficit | $-7,781 |
| Total Assets | $972K |
| Total Liabilities | $134K |
| Net Assets | $838K |
| Operating Margin | -3.2% |
| Debt-to-Asset Ratio | 13.8% |
| Months of Reserves | 47.2 months |
Financial Health Grade: B
In 2023, Tim And Gail Buchanan Family Foundation reported a deficit of $8K with expenses exceeding revenue, holds 47.2 months of operating reserves (strong position), has a debt-to-asset ratio of 13.8% (very low leverage).
Financial Trends
Over 9 years of filings (2012–2023), Tim And Gail Buchanan Family Foundation's revenue has declined at a compound annual growth rate (CAGR) of -13.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +77.3% | +21.5% | -12.9% |
| 2022 | -30.7% | -49.6% | -3.0% |
| 2021 | +387.2% | +92.1% | -6.5% |
| 2020 | -86.8% | +111.6% | -6.5% |
| 2019 | -28.3% | +14.4% | -9.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Tim And Gail Buchanan Family Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Tim And Gail Buchanan Family Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $8K, with expenses exceeding revenue.
- Debt-to-asset ratio: 13.8%.
Frequently Asked Questions about Tim And Gail Buchanan Family Foundation
Is Tim And Gail Buchanan Family Foundation a legitimate charity?
Tim And Gail Buchanan Family Foundation (EIN: 455571106) is a registered tax-exempt nonprofit based in Kansas. It has 9 years of IRS 990 filings on record. Total revenue: $489K. No red flags identified. Financial health grade: B.
How does Tim And Gail Buchanan Family Foundation spend its money?
Tim And Gail Buchanan Family Foundation reported $489K in total revenue in IRS 990 filings. 9 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Tim And Gail Buchanan Family Foundation tax-deductible?
Tim And Gail Buchanan Family Foundation is registered as a tax-exempt nonprofit (EIN: 455571106). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Tim And Gail Buchanan Family Foundation located?
Tim And Gail Buchanan Family Foundation is headquartered in Wichita, Kansas and files with the IRS under EIN 455571106. It is classified under NTEE code T22.
How many years of IRS 990 filings does Tim And Gail Buchanan Family Foundation have?
Tim And Gail Buchanan Family Foundation has 9 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 $489K in total revenue.
Filing History
IRS 990 filing history for Tim And Gail Buchanan Family Foundation showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2012–2023), Tim And Gail Buchanan Family Foundation's revenue has declined by 78.6%, moving from $1.1M to $239K. Total assets decreased by 12.7% over the same period, from $1.1M to $972K. Total functional expenses rose by 6818.8%, from $4K to $247K. In its most recent filing year (2023), Tim And Gail Buchanan Family Foundation reported a deficit of $8K, with expenses exceeding revenue. The organization holds $134K in liabilities against $972K in assets (debt-to-asset ratio: 13.8%), resulting in net assets of $838K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $239K | $247K | $972K | $134K | — | View 990 |
| 2022 | $135K | $203K | $1.1M | $276K | — | View 990 |
| 2021 | $195K | $404K | $1.2M | $220K | — | View 990 |
| 2020 | $40K | $210K | $1.2M | $86K | — | View 990 |
| 2019 | $303K | $99K | $1.3M | $0 | — | View 990 |
| 2015 | $423K | $87K | $1.4M | $1 | — | View 990 |
| 2014 | $55K | $113K | $1.1M | $1 | — | View 990 |
| 2013 | $116K | $59K | $1.2M | $3K | — | View 990 |
| 2012 | $1.1M | $4K | $1.1M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $239K, expenses of $247K, and assets of $972K (revenue +77.3% year-over-year).
- 2022: Revenue of $135K, expenses of $203K, and assets of $1.1M (revenue -30.7% year-over-year).
- 2021: Revenue of $195K, expenses of $404K, and assets of $1.2M (revenue +387.2% year-over-year).
- 2020: Revenue of $40K, expenses of $210K, and assets of $1.2M (revenue -86.8% year-over-year).
- 2019: Revenue of $303K, expenses of $99K, and assets of $1.3M (revenue -28.3% year-over-year).
- 2015: Revenue of $423K, expenses of $87K, and assets of $1.4M (revenue +674.7% year-over-year).
- 2014: Revenue of $55K, expenses of $113K, and assets of $1.1M (revenue -52.7% year-over-year).
- 2013: Revenue of $116K, expenses of $59K, and assets of $1.2M (revenue -89.7% year-over-year).
- 2012: Revenue of $1.1M, expenses of $4K, and assets of $1.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Tim And Gail Buchanan Family Foundation:
Data Sources and Methodology
This transparency report for Tim And Gail Buchanan Family 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.