Waldis Family Foundation Inc

Waldis Family Foundation shows fluctuating revenue and expenses, with recent deficits and declining assets.

EIN: 208490871 · Glen Rock, NJ · NTEE: T22 · Updated: 2026-03-28

$1.4MRevenue

$1.1MAssets

70/100Mission Score (Good)

T22

About Waldis Family Foundation Inc

Waldis Family Foundation Inc (EIN: 208490871) is a nonprofit organization based in Glen Rock, NJ, classified under NTEE code T22. The organization reported total revenue of $1.4M and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Waldis Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Waldis Family Foundation Inc. exhibits a fluctuating financial profile, with significant variations in both revenue and expenses over the past decade. While the organization's latest reported revenue is $1,446,836, its most recent filing (202312) shows revenue of $102,402 against expenses of $356,210, indicating a substantial deficit for that period. This trend of expenses exceeding revenue is observed in several years, such as 202112 ($231,765 revenue vs. $533,659 expenses) and 201912 ($151,448 revenue vs. $525,993 expenses). The foundation consistently reports zero officer compensation, which is a positive indicator of resource allocation towards its mission rather than executive salaries. However, the consistent decline in assets from a peak of $2,840,455 in 201512 to $1,510,822 in 202312, alongside periods of significant spending exceeding income, warrants closer examination of its long-term financial sustainability and spending efficiency. The NTEE code T22 suggests a focus on grantmaking, and without a detailed breakdown of program vs. administrative expenses, it's challenging to fully assess spending efficiency, but the lack of officer compensation is a strong point for transparency.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Waldis Family Foundation Inc with a Mission Score of 70 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: 90%
fundraising: 0%

According to IRS 990 filings, Waldis 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.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, indicating that no officer salaries are paid, which is highly favorable for a foundation of its size.

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 Waldis Family Foundation Inc's IRS 990 filings:

Consistent periods of expenses significantly exceeding revenue (e.g., 202312, 202112, 201912)
Declining asset base over the past several years (from $2.8M in 2015 to $1.5M in 2023)

Strengths

The following positive indicators were identified for Waldis Family Foundation Inc:

Zero officer compensation reported across all filings, indicating efficient use of funds for mission.
Maintains a substantial asset base ($1,510,822 in 202312) despite recent declines.
Low liabilities ($1 in most recent filings) indicates good financial hygiene regarding debt.

Frequently Asked Questions about Waldis Family Foundation Inc

Is Waldis Family Foundation Inc. financially stable?

The foundation's financial stability appears inconsistent. While it has substantial assets ($1,510,822 in 202312), it has experienced several years where expenses significantly outpaced revenue, such as in 202312 where expenses were $356,210 against revenue of $102,402. This trend, coupled with a decline in total assets from a peak of $2,840,455 in 201512, suggests potential long-term sustainability concerns if not addressed.

How does the foundation manage its expenses relative to its income?

The foundation's expense management shows periods of significant overspending relative to income. For example, in 202312, expenses were more than three times its revenue. This pattern is also visible in 202112 and 201912. While foundations often spend down assets, consistent deficits could indicate a need for more disciplined budgeting or increased fundraising efforts to match spending.

What is the trend in the foundation's assets?

The foundation's assets have shown a general downward trend since 201512, when they were $2,840,455. By 202312, assets had decreased to $1,510,822. This decline, alongside periods of expenses exceeding revenue, suggests the foundation may be drawing down its principal or experiencing investment losses.

Filing History

IRS 990 filing history for Waldis Family Foundation Inc showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2011–2023), Waldis Family Foundation Inc's revenue has declined by 90.3%, moving from $1.1M to $102K. Total assets increased by 36.7% over the same period, from $1.1M to $1.5M. Total functional expenses rose by 79.7%, from $198K to $356K. In its most recent filing year (2023), Waldis Family Foundation Inc reported a deficit of $254K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.5M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.5M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$102K	$356K	$1.5M	$1	—	—
2022	$104K	$100K	$1.8M	$1	—	View 990
2021	$232K	$534K	$1.8M	$1	—	View 990
2020	$41K	$81K	$2.1M	$1	—	View 990
2019	$151K	$526K	$2.1M	$0	—	View 990
2015	$1.6M	$192K	$2.8M	$1	—	View 990
2014	$752K	$124K	$1.5M	$1	—	View 990
2013	$105	$139K	$836K	$1	—	View 990
2012	$1K	$132K	$975K	$1	—	View 990
2011	$1.1M	$198K	$1.1M	$1	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $102K, expenses of $356K, and assets of $1.5M (revenue -1.6% year-over-year).
2022: Revenue of $104K, expenses of $100K, and assets of $1.8M (revenue -55.1% year-over-year).
2021: Revenue of $232K, expenses of $534K, and assets of $1.8M (revenue +463.6% year-over-year).
2020: Revenue of $41K, expenses of $81K, and assets of $2.1M (revenue -72.8% year-over-year).
2019: Revenue of $151K, expenses of $526K, and assets of $2.1M (revenue -90.4% year-over-year).
2015: Revenue of $1.6M, expenses of $192K, and assets of $2.8M (revenue +109.6% year-over-year).
2014: Revenue of $752K, expenses of $124K, and assets of $1.5M (revenue +716365.7% year-over-year).
2013: Revenue of $105, expenses of $139K, and assets of $836K (revenue -90.6% year-over-year).
2012: Revenue of $1K, expenses of $132K, and assets of $975K (revenue -99.9% year-over-year).
2011: Revenue of $1.1M, expenses of $198K, and assets of $1.1M.

Data Sources and Methodology

This transparency report for Waldis 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.