Vera Z Dwyer Charitable Trust
Vera Z Dwyer Charitable Trust consistently distributes more than its annual revenue, drawing down its asset base.
EIN: 208042109 · Mishawaka, IN · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.4M |
| Total Expenses | $1.5M |
| Program Spending | 90% |
| Net Assets | $7.9M |
| Transparency Score | 85/100 |
Is Vera Z Dwyer Charitable Trust Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Vera Z Dwyer Charitable Trust directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Vera Z Dwyer Charitable Trust
Vera Z Dwyer Charitable Trust (EIN: 208042109) is a nonprofit organization based in Mishawaka, IN, classified under NTEE code T20. The organization reported total revenue of $3.4M and total assets of $6.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Vera Z Dwyer Charitable Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Vera Z Dwyer Charitable Trust is a mid-size nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 49.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $428K |
| Total Expenses | $1.5M |
| Surplus / Deficit | $-1,091,492 |
| Total Assets | $7.9M |
| Total Liabilities | $1 |
| Net Assets | $7.9M |
| Operating Margin | -255.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 62.6 months |
Financial Health Grade: B
In 2023, Vera Z Dwyer Charitable Trust reported a deficit of $1.1M with expenses exceeding revenue, holds 62.6 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), Vera Z Dwyer Charitable Trust's revenue has grown at a compound annual growth rate (CAGR) of 49.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +20.8% | -5.2% | -12.0% |
| 2022 | -63.5% | +9.1% | -12.2% |
| 2021 | +63.3% | -5.2% | -4.6% |
| 2020 | +39.6% | -6.1% | -8.5% |
| 2019 | -6.9% | +34.0% | -9.7% |
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 Vera Z Dwyer Charitable Trust with a Mission Score of 85 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, Vera Z Dwyer Charitable Trust 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.1M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to executives, which is highly efficient for a charitable trust.
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 Vera Z Dwyer Charitable Trust's IRS 990 filings:
- Consistent decline in asset base over time, indicating a spend-down strategy without significant new capital.
Strengths
The following positive indicators were identified for Vera Z Dwyer Charitable Trust:
- Zero officer compensation, demonstrating high efficiency in administrative costs related to leadership.
- Minimal liabilities, indicating strong financial stability.
- Consistent and significant distributions (expenses) relative to revenue, fulfilling its charitable purpose as a grant-making entity.
Frequently Asked Questions about Vera Z Dwyer Charitable Trust
Is Vera Z Dwyer Charitable Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, Vera Z Dwyer Charitable Trust (EIN: 208042109) some concerns. Mission Score: 85/100. 1 red flag identified, 3 strengths noted.
How does Vera Z Dwyer Charitable Trust spend its money?
Vera Z Dwyer Charitable Trust directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Vera Z Dwyer Charitable Trust tax-deductible?
Vera Z Dwyer Charitable Trust is registered as a tax-exempt nonprofit (EIN: 208042109). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Vera Z Dwyer Charitable Trust compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Vera Z Dwyer Charitable Trust 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 Vera Z Dwyer Charitable Trust located?
Vera Z Dwyer Charitable Trust is headquartered in Mishawaka, Indiana and files with the IRS under EIN 208042109. It is classified under NTEE code T20.
How many years of IRS 990 filings does Vera Z Dwyer Charitable Trust have?
Vera Z Dwyer Charitable Trust 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 $3.4M in total revenue.
Is Vera Z Dwyer Charitable Trust a good charity?
As a grant-making private foundation, its 'goodness' is measured by its distributions. The trust consistently makes significant distributions (expenses) relative to its revenue, indicating active fulfillment of its charitable purpose. Its zero officer compensation is a strong positive for efficiency.
Why are expenses consistently higher than revenue?
This is typical for a private foundation that is spending down its endowment or distributing investment income and capital gains. The trust's assets have been declining over time (e.g., from $13.7M in 2014 to $7.9M in 2023), which aligns with a strategy of significant distributions.
What is the trend in the trust's assets?
The trust's assets have shown a consistent downward trend over the past decade, decreasing from approximately $13.7 million in 2014 to $7.9 million in 2023. This indicates that the trust is distributing more than it generates in revenue and investment returns.
Filing History
IRS 990 filing history for Vera Z Dwyer Charitable Trust showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Vera Z Dwyer Charitable Trust's revenue has grown by 12186.7%, moving from $3K to $428K. Total assets increased by 4539.4% over the same period, from $171K to $7.9M. Total functional expenses rose by 12026.4%, from $13K to $1.5M. In its most recent filing year (2023), Vera Z Dwyer Charitable Trust reported a deficit of $1.1M, with expenses exceeding revenue. The organization holds $1 in liabilities against $7.9M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $7.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $428K | $1.5M | $7.9M | $1 | — | — |
| 2022 | $354K | $1.6M | $9.0M | $1 | — | View 990 |
| 2021 | $969K | $1.5M | $10.2M | $1 | — | — |
| 2020 | $594K | $1.5M | $10.7M | $1 | — | — |
| 2019 | $425K | $1.6M | $11.7M | $0 | — | View 990 |
| 2015 | $457K | $1.2M | $13.0M | $0 | — | View 990 |
| 2014 | $1.5M | $928K | $13.8M | $1 | — | View 990 |
| 2013 | $349K | $1.0M | $13.2M | $0 | — | View 990 |
| 2012 | $3K | $12K | $159K | $1 | — | View 990 |
| 2011 | $3K | $13K | $171K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $428K, expenses of $1.5M, and assets of $7.9M (revenue +20.8% year-over-year).
- 2022: Revenue of $354K, expenses of $1.6M, and assets of $9.0M (revenue -63.5% year-over-year).
- 2021: Revenue of $969K, expenses of $1.5M, and assets of $10.2M (revenue +63.3% year-over-year).
- 2020: Revenue of $594K, expenses of $1.5M, and assets of $10.7M (revenue +39.6% year-over-year).
- 2019: Revenue of $425K, expenses of $1.6M, and assets of $11.7M (revenue -6.9% year-over-year).
- 2015: Revenue of $457K, expenses of $1.2M, and assets of $13.0M (revenue -70.1% year-over-year).
- 2014: Revenue of $1.5M, expenses of $928K, and assets of $13.8M (revenue +337.9% year-over-year).
- 2013: Revenue of $349K, expenses of $1.0M, and assets of $13.2M (revenue +10198.8% year-over-year).
- 2012: Revenue of $3K, expenses of $12K, and assets of $159K (revenue -2.6% year-over-year).
- 2011: Revenue of $3K, expenses of $13K, and assets of $171K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Vera Z Dwyer Charitable Trust:
Data Sources and Methodology
This transparency report for Vera Z Dwyer Charitable Trust 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.