Waldman Foundation
Waldman Foundation maintains strong asset growth and zero officer compensation over a decade.
EIN: 203957959 · Chandler, OK · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $97K |
| Total Expenses | $55K |
| Program Spending | 90% |
| Net Assets | $926K |
| Transparency Score | 95/100 |
Is Waldman Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Waldman Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Waldman Foundation
Waldman Foundation (EIN: 203957959) is a nonprofit organization based in Chandler, OK, classified under NTEE code T22. The organization reported total revenue of $97K and total assets of $965K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Waldman Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Waldman Foundation is a micro 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 4.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $43K |
| Total Expenses | $55K |
| Surplus / Deficit | $-11,682 |
| Total Assets | $926K |
| Total Liabilities | $1 |
| Net Assets | $926K |
| Operating Margin | -27.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 202.8 months |
Financial Health Grade: B
In 2023, Waldman Foundation reported a deficit of $12K with expenses exceeding revenue, holds 202.8 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), Waldman Foundation's revenue has grown at a compound annual growth rate (CAGR) of 4.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -15.0% | +28.5% | -1.2% |
| 2022 | -50.0% | -41.2% | +0.9% |
| 2021 | +124.4% | +106.2% | +3.2% |
| 2020 | -28.9% | -38.7% | +1.1% |
| 2019 | -12.5% | +23.6% | +19.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| 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 Waldman Foundation with a Mission Score of 95 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, Waldman Foundation 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 $12K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no salaries are paid to officers, which is highly unusual for an organization of its size and asset base, suggesting a volunteer-led or very lean operational model.
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 Waldman Foundation's IRS 990 filings:
- Unusually low expenses relative to assets in some years, potentially indicating underutilization of funds or a focus on endowment growth rather than immediate program spending.
Strengths
The following positive indicators were identified for Waldman Foundation:
- Consistent asset growth over a decade, from $668,669 in 2011 to $965,481 most recently.
- Zero officer compensation reported across all filings, indicating high efficiency and dedication of resources to mission.
- Minimal liabilities ($0-$1) consistently reported, reflecting strong financial management.
- Healthy asset base relative to annual revenue, providing financial stability.
Frequently Asked Questions about Waldman Foundation
Is Waldman Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Waldman Foundation (EIN: 203957959) some concerns. Mission Score: 95/100. 1 red flag identified, 4 strengths noted.
How does Waldman Foundation spend its money?
Waldman Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Waldman Foundation tax-deductible?
Waldman Foundation is registered as a tax-exempt nonprofit (EIN: 203957959). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Waldman Foundation compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Waldman Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Waldman Foundation located?
Waldman Foundation is headquartered in Chandler, Oklahoma and files with the IRS under EIN 203957959. It is classified under NTEE code T22.
How many years of IRS 990 filings does Waldman Foundation have?
Waldman Foundation 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 $97K in total revenue.
Is Waldman Foundation a good charity?
Based on the provided financial data, Waldman Foundation appears to be a very good charity. It demonstrates strong financial health with growing assets, minimal liabilities, and a remarkable commitment to directing resources towards its mission by reporting 0% officer compensation across all filings.
How does Waldman Foundation manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that the foundation is either entirely volunteer-run at the executive level, or its officers are compensated through other means not reported as officer compensation on the 990, or they are compensated by an affiliated entity. This is a significant indicator of efficiency.
What is the trend in Waldman Foundation's assets?
The Waldman Foundation has shown a consistent upward trend in assets, growing from $668,669 in 2011 to $965,481 most recently, indicating effective asset management and growth over time.
Filing History
IRS 990 filing history for Waldman Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Waldman Foundation's revenue has grown by 75.8%, moving from $25K to $43K. Total assets increased by 38.4% over the same period, from $669K to $926K. Total functional expenses rose by 77.9%, from $31K to $55K. In its most recent filing year (2023), Waldman Foundation reported a deficit of $12K, with expenses exceeding revenue. The organization holds $1 in liabilities against $926K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $926K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $43K | $55K | $926K | $1 | — | — |
| 2022 | $51K | $43K | $937K | $1 | — | — |
| 2021 | $101K | $73K | $929K | $1 | — | — |
| 2020 | $45K | $35K | $901K | $1 | — | — |
| 2019 | $64K | $57K | $890K | $1 | — | View 990 |
| 2015 | $73K | $46K | $746K | $1 | — | View 990 |
| 2014 | $74K | $47K | $720K | $1 | — | View 990 |
| 2013 | $68K | $32K | $692K | $0 | — | View 990 |
| 2012 | $25K | $37K | $656K | $0 | — | View 990 |
| 2011 | $25K | $31K | $669K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $43K, expenses of $55K, and assets of $926K (revenue -15.0% year-over-year).
- 2022: Revenue of $51K, expenses of $43K, and assets of $937K (revenue -50.0% year-over-year).
- 2021: Revenue of $101K, expenses of $73K, and assets of $929K (revenue +124.4% year-over-year).
- 2020: Revenue of $45K, expenses of $35K, and assets of $901K (revenue -28.9% year-over-year).
- 2019: Revenue of $64K, expenses of $57K, and assets of $890K (revenue -12.5% year-over-year).
- 2015: Revenue of $73K, expenses of $46K, and assets of $746K (revenue -1.8% year-over-year).
- 2014: Revenue of $74K, expenses of $47K, and assets of $720K (revenue +8.5% year-over-year).
- 2013: Revenue of $68K, expenses of $32K, and assets of $692K (revenue +176.3% year-over-year).
- 2012: Revenue of $25K, expenses of $37K, and assets of $656K (revenue +0.6% year-over-year).
- 2011: Revenue of $25K, expenses of $31K, and assets of $669K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Waldman Foundation:
Data Sources and Methodology
This transparency report for Waldman 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.