Tradition And Transition Fund
Tradition And Transition Fund faces declining assets and inconsistent financial performance with expenses often exceeding revenue.
EIN: 203904358 · Salt Lake Cty, UT · NTEE: P20 · Updated: 2026-03-28
Is Tradition And Transition Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Tradition And Transition Fund directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Tradition And Transition Fund
Tradition And Transition Fund (EIN: 203904358) is a nonprofit organization based in Salt Lake Cty, UT, classified under NTEE code P20. The organization reported total revenue of $32K and total assets of $25K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Tradition And Transition Fund'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 Tradition And Transition Fund with a Mission Score of 65 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: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Tradition And Transition Fund allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no officers or key employees are receiving salaries from the organization, which is a positive sign for donor confidence.
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 Tradition And Transition Fund's IRS 990 filings:
- Frequent periods where expenses exceed revenue (e.g., 2023, 2021, 2019, 2015, 2013, 2011), indicating potential operational deficits.
- Significant decline in total assets from a peak of $263,761 in 2014 to $25,354 currently, raising concerns about long-term sustainability.
Strengths
The following positive indicators were identified for Tradition And Transition Fund:
- Consistent reporting of 0% officer compensation, demonstrating a commitment to minimizing administrative overhead related to executive pay.
- Long filing history (10 filings), indicating a sustained presence and compliance with IRS reporting requirements.
Frequently Asked Questions about Tradition And Transition Fund
Is Tradition And Transition Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Tradition And Transition Fund (EIN: 203904358) some concerns. Mission Score: 65/100. 2 red flags identified, 2 strengths noted.
How does Tradition And Transition Fund spend its money?
Tradition And Transition Fund directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Tradition And Transition Fund tax-deductible?
Tradition And Transition Fund is registered as a tax-exempt nonprofit (EIN: 203904358). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Tradition And Transition Fund financially stable?
The organization's financial stability is questionable given that expenses have frequently exceeded revenue in recent years (e.g., 2023, 2021, 2019) and its assets have significantly declined from a peak of over $260,000 in 2014 to $25,354 currently.
What caused the significant decline in assets?
The decline in assets appears to be a result of sustained periods where expenses outpaced revenue, particularly notable in 2015 where expenses were $162,246 against revenue of $102,841, and more recently in 2023 with expenses of $49,044 against revenue of $26,428.
How does the organization fund its operations without officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization's leadership may be entirely volunteer-based, or compensated through other means not reported as officer compensation on the 990, which is common for smaller nonprofits.
Filing History
IRS 990 filing history for Tradition And Transition Fund showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Tradition And Transition Fund's revenue has declined by 11.9%, moving from $30K to $26K. Total assets increased by 34.7% over the same period, from $26K to $35K. Total functional expenses rose by 31.4%, from $37K to $49K. In its most recent filing year (2023), Tradition And Transition Fund reported a deficit of $23K, with expenses exceeding revenue. The organization holds $4K in liabilities against $35K in assets (debt-to-asset ratio: 12.3%), resulting in net assets of $31K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $26K | $49K | $35K | $4K | — | — |
| 2022 | $51K | $48K | $55K | $2K | — | — |
| 2021 | $26K | $40K | $52K | $2K | — | View 990 |
| 2020 | $72K | $26K | $65K | $2K | — | — |
| 2019 | $118K | $123K | $38K | $2K | — | — |
| 2015 | $103K | $162K | $204K | $0 | — | View 990 |
| 2014 | $205K | $158K | $264K | $0 | — | View 990 |
| 2013 | $40K | $59K | $217K | $1 | — | View 990 |
| 2012 | $268K | $34K | $260K | $1 | — | View 990 |
| 2011 | $30K | $37K | $26K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $26K, expenses of $49K, and assets of $35K (revenue -48.4% year-over-year).
- 2022: Revenue of $51K, expenses of $48K, and assets of $55K (revenue +95.3% year-over-year).
- 2021: Revenue of $26K, expenses of $40K, and assets of $52K (revenue -63.5% year-over-year).
- 2020: Revenue of $72K, expenses of $26K, and assets of $65K (revenue -39.2% year-over-year).
- 2019: Revenue of $118K, expenses of $123K, and assets of $38K (revenue +15.0% year-over-year).
- 2015: Revenue of $103K, expenses of $162K, and assets of $204K (revenue -49.8% year-over-year).
- 2014: Revenue of $205K, expenses of $158K, and assets of $264K (revenue +413.7% year-over-year).
- 2013: Revenue of $40K, expenses of $59K, and assets of $217K (revenue -85.1% year-over-year).
- 2012: Revenue of $268K, expenses of $34K, and assets of $260K (revenue +791.4% year-over-year).
- 2011: Revenue of $30K, expenses of $37K, and assets of $26K.
Data Sources and Methodology
This transparency report for Tradition And Transition Fund 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.