Tortie Foundation
Tortie Foundation faces persistent deficit spending, eroding its asset base.
EIN: 10562781 · Reno, NV · NTEE: T20 · Updated: 2026-03-28
Is Tortie Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Tortie Foundation directs 60% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Tortie Foundation
Tortie Foundation (EIN: 10562781) is a nonprofit organization based in Reno, NV, classified under NTEE code T20. The organization reported total revenue of $3K and total assets of $35K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Tortie Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Tortie Foundation with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 30%
- programs: 60%
- fundraising: 10%
According to IRS 990 filings, Tortie Foundation allocates its expenses as follows: admin: 30%, programs: 60%, fundraising: 10%. Approximately 60% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
Officer compensation has consistently been reported as 0% across all available filings, indicating a volunteer-led organization or that compensation falls below reporting thresholds, which is common for very small nonprofits.
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 Tortie Foundation's IRS 990 filings:
- Consistent deficit spending: Expenses have significantly outpaced revenue in most recent years (e.g., 2023 expenses $8,662 vs. revenue $2,533).
- Declining asset base: Total assets have decreased from $60,379 in 2014 to $35,220 in 2023, indicating erosion of financial reserves.
- Low revenue generation: Latest revenue of $2,533 is very low, making it challenging to cover even modest operational costs.
Strengths
The following positive indicators were identified for Tortie Foundation:
- No reported officer compensation: Indicates a volunteer-driven leadership, potentially reducing administrative overhead.
- Consistent IRS 990 filings: Demonstrates a commitment to regulatory compliance and transparency in reporting.
Frequently Asked Questions about Tortie Foundation
Is Tortie Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Tortie Foundation (EIN: 10562781) significant concerns. Mission Score: 45/100. 3 red flags identified, 2 strengths noted.
How does Tortie Foundation spend its money?
Tortie Foundation directs 60% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Tortie Foundation tax-deductible?
Tortie Foundation is registered as a tax-exempt nonprofit (EIN: 10562781). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Tortie Foundation financially sustainable given its consistent net losses?
The organization has consistently spent more than it earned in recent years (e.g., $8,662 expenses vs. $2,533 revenue in 2023), leading to a decline in assets from $60,379 in 2014 to $35,220 in 2023. This trend suggests a significant challenge to long-term financial sustainability without a change in revenue or expense management.
How does Tortie Foundation cover its expenses when revenue is significantly lower?
The consistent deficit spending indicates the organization is likely drawing from its accumulated assets to cover operational costs. This is evidenced by the decline in total assets over time.
What is the primary cause of the declining asset base?
The declining asset base is primarily caused by the organization's expenses regularly exceeding its revenue. For instance, in 2023, expenses were $8,662 while revenue was only $2,533, resulting in a net loss that would be covered by existing assets.
Filing History
IRS 990 filing history for Tortie Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Tortie Foundation's revenue has declined by 32.2%, moving from $4K to $3K. Total assets increased by 26.9% over the same period, from $28K to $35K. Total functional expenses fell by 37.5%, from $14K to $9K. In its most recent filing year (2023), Tortie Foundation reported a deficit of $6K, with expenses exceeding revenue. The organization holds $1 in liabilities against $35K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $35K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $3K | $9K | $35K | $1 | — | View 990 |
| 2022 | $2K | $7K | $41K | $1 | — | — |
| 2021 | $8K | $4K | $46K | $1 | — | View 990 |
| 2020 | $2K | $4K | $41K | $1 | — | View 990 |
| 2019 | $2K | $429 | $42K | $1 | — | View 990 |
| 2015 | $4 | $2K | $58K | $1 | — | View 990 |
| 2014 | $19K | $3K | $60K | $0 | — | View 990 |
| 2013 | $53K | $25K | $44K | $0 | — | View 990 |
| 2012 | $2K | $14K | $16K | $0 | — | View 990 |
| 2011 | $4K | $14K | $28K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3K, expenses of $9K, and assets of $35K (revenue +3.2% year-over-year).
- 2022: Revenue of $2K, expenses of $7K, and assets of $41K (revenue -70.7% year-over-year).
- 2021: Revenue of $8K, expenses of $4K, and assets of $46K (revenue +252.9% year-over-year).
- 2020: Revenue of $2K, expenses of $4K, and assets of $41K (revenue +37.3% year-over-year).
- 2019: Revenue of $2K, expenses of $429, and assets of $42K (revenue +43200.0% year-over-year).
- 2015: Revenue of $4, expenses of $2K, and assets of $58K (revenue -100.0% year-over-year).
- 2014: Revenue of $19K, expenses of $3K, and assets of $60K (revenue -63.3% year-over-year).
- 2013: Revenue of $53K, expenses of $25K, and assets of $44K (revenue +3089.6% year-over-year).
- 2012: Revenue of $2K, expenses of $14K, and assets of $16K (revenue -55.6% year-over-year).
- 2011: Revenue of $4K, expenses of $14K, and assets of $28K.
Data Sources and Methodology
This transparency report for Tortie 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.