Vernon G & Sandra J C Buchanan Family Foundation Inc
Buchanan Family Foundation shows strong asset growth and zero executive compensation amidst increasing revenue.
EIN: 203963153 · Sarasota, FL · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $778K |
| Total Expenses | $110K |
| Program Spending | 90% |
| Net Assets | $1.4M |
| Transparency Score | 92/100 |
Is Vernon G & Sandra J C Buchanan Family Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Vernon G & Sandra J C Buchanan Family Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Vernon G & Sandra J C Buchanan Family Foundation Inc
Vernon G & Sandra J C Buchanan Family Foundation Inc (EIN: 203963153) is a nonprofit organization based in Sarasota, FL, classified under NTEE code T20. The organization reported total revenue of $778K and total assets of $1.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Vernon G & Sandra J C Buchanan Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Vernon G & Sandra J C Buchanan Family Foundation Inc is a small 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 21.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $533K |
| Total Expenses | $110K |
| Surplus / Deficit | +$423K |
| Total Assets | $1.4M |
| Total Liabilities | $1 |
| Net Assets | $1.4M |
| Operating Margin | 79.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 151.7 months |
Financial Health Grade: A
In 2023, Vernon G & Sandra J C Buchanan Family Foundation Inc reported a surplus of $423K with revenue exceeding expenses, holds 151.7 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), Vernon G & Sandra J C Buchanan Family Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 21.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.8% | -35.5% | +50.8% |
| 2022 | -1.3% | +340.8% | +39.1% |
| 2021 | +10837.2% | -33.3% | +264.3% |
| 2020 | -65.1% | +10.9% | -17.4% |
| 2019 | -82.0% | -36.9% | -48.8% |
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 Vernon G & Sandra J C Buchanan Family Foundation Inc with a Mission Score of 92 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, Vernon G & Sandra J C Buchanan Family Foundation Inc 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 surplus of $423K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is either entirely volunteer-based or compensated through other means not reported as officer compensation, which is a strong positive for efficiency.
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 Vernon G & Sandra J C Buchanan Family Foundation Inc's IRS 990 filings:
- Highly volatile revenue streams, making financial planning potentially challenging.
- Lack of detailed breakdown for program vs. administrative expenses in provided summary data.
Strengths
The following positive indicators were identified for Vernon G & Sandra J C Buchanan Family Foundation Inc:
- Consistent zero officer compensation, indicating high efficiency and mission focus.
- Significant asset growth, from $182,812 in 2020 to $1,396,689 in 2023, enhancing long-term sustainability.
- Minimal liabilities ($1 reported in recent years), indicating sound financial management.
- Strong financial health with revenue consistently exceeding expenses in recent periods (e.g., 202312: Revenue=$533,109, Expenses=$110,484).
Frequently Asked Questions about Vernon G & Sandra J C Buchanan Family Foundation Inc
Is Vernon G & Sandra J C Buchanan Family Foundation Inc a legitimate charity?
Vernon G & Sandra J C Buchanan Family Foundation Inc (EIN: 203963153) is a registered tax-exempt nonprofit based in Florida. Our AI analysis gives it a Mission Score of 92/100. It has 10 years of IRS 990 filings on record. Total revenue: $778K. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Vernon G & Sandra J C Buchanan Family Foundation Inc spend its money?
Vernon G & Sandra J C Buchanan Family Foundation Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Vernon G & Sandra J C Buchanan Family Foundation Inc tax-deductible?
Vernon G & Sandra J C Buchanan Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 203963153). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Vernon G & Sandra J C Buchanan Family Foundation Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Vernon G & Sandra J C Buchanan Family Foundation Inc 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 Vernon G & Sandra J C Buchanan Family Foundation Inc located?
Vernon G & Sandra J C Buchanan Family Foundation Inc is headquartered in Sarasota, Florida and files with the IRS under EIN 203963153. It is classified under NTEE code T20.
How many years of IRS 990 filings does Vernon G & Sandra J C Buchanan Family Foundation Inc have?
Vernon G & Sandra J C Buchanan Family Foundation Inc 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 $778K in total revenue.
How does the foundation manage to have zero officer compensation?
The consistent reporting of 0% officer compensation suggests that the foundation's leadership is likely volunteer-based, or any compensation is covered by an external entity, which is highly efficient for a nonprofit.
What is the primary use of the foundation's growing assets?
Given its NTEE code T20 (Grantmaking Foundations) and significant asset growth from $182,812 in 2020 to $1,396,689 in 2023, the assets are likely held as an endowment to generate income for future grantmaking and charitable distributions.
Has the foundation's revenue growth been consistent?
No, revenue growth has been highly inconsistent, with very low revenues (e.g., $4,711 in 2020) followed by substantial increases (e.g., $533,109 in 2023), suggesting reliance on large, infrequent contributions or investment gains.
Filing History
IRS 990 filing history for Vernon G & Sandra J C Buchanan Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Vernon G & Sandra J C Buchanan Family Foundation Inc's revenue has grown by 981.1%, moving from $49K to $533K. Total assets increased by 73.7% over the same period, from $804K to $1.4M. Total functional expenses fell by 2%, from $113K to $110K. In its most recent filing year (2023), Vernon G & Sandra J C Buchanan Family Foundation Inc reported a surplus of $423K, with revenue exceeding expenses. The organization holds $1 in liabilities against $1.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $533K | $110K | $1.4M | $1 | — | — |
| 2022 | $509K | $171K | $926K | $1 | — | View 990 |
| 2021 | $515K | $39K | $666K | $1 | — | View 990 |
| 2020 | $5K | $58K | $183K | $1 | — | — |
| 2019 | $13K | $53K | $221K | $1 | — | View 990 |
| 2015 | $75K | $83K | $432K | $0 | — | View 990 |
| 2014 | $30K | $83K | $520K | $0 | — | View 990 |
| 2013 | $43K | $133K | $587K | $0 | — | View 990 |
| 2012 | $18K | $84K | $660K | $0 | — | View 990 |
| 2011 | $49K | $113K | $804K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $533K, expenses of $110K, and assets of $1.4M (revenue +4.8% year-over-year).
- 2022: Revenue of $509K, expenses of $171K, and assets of $926K (revenue -1.3% year-over-year).
- 2021: Revenue of $515K, expenses of $39K, and assets of $666K (revenue +10837.2% year-over-year).
- 2020: Revenue of $5K, expenses of $58K, and assets of $183K (revenue -65.1% year-over-year).
- 2019: Revenue of $13K, expenses of $53K, and assets of $221K (revenue -82.0% year-over-year).
- 2015: Revenue of $75K, expenses of $83K, and assets of $432K (revenue +148.1% year-over-year).
- 2014: Revenue of $30K, expenses of $83K, and assets of $520K (revenue -29.7% year-over-year).
- 2013: Revenue of $43K, expenses of $133K, and assets of $587K (revenue +139.3% year-over-year).
- 2012: Revenue of $18K, expenses of $84K, and assets of $660K (revenue -63.6% year-over-year).
- 2011: Revenue of $49K, expenses of $113K, and assets of $804K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Vernon G & Sandra J C Buchanan Family Foundation Inc:
Data Sources and Methodology
This transparency report for Vernon G & Sandra J C Buchanan Family Foundation Inc 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.