Walnut Foundation
Walnut Foundation consistently operates at a deficit, drawing down assets to cover expenses.
EIN: 201049109 · Billings, MT · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $20K |
| Total Expenses | $31K |
| Program Spending | 80% |
| Net Assets | $420K |
| Transparency Score | 65/100 |
Is Walnut Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Walnut Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Walnut Foundation
Walnut Foundation (EIN: 201049109) is a nonprofit organization based in Billings, MT, classified under NTEE code T22. The organization reported total revenue of $20K and total assets of $414K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Walnut Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Walnut Foundation is a micro nonprofit that has been operating for 22 years, with 9 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -20.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2K |
| Total Expenses | $31K |
| Surplus / Deficit | $-29,031 |
| Total Assets | $420K |
| Total Liabilities | $1 |
| Net Assets | $420K |
| Operating Margin | -1696.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 164.1 months |
Financial Health Grade: B
In 2023, Walnut Foundation reported a deficit of $29K with expenses exceeding revenue, holds 164.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 9 years of filings (2012–2023), Walnut Foundation's revenue has declined at a compound annual growth rate (CAGR) of -20.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -95.2% | -14.1% | +5.3% |
| 2022 | +18.4% | +12.0% | +0.1% |
| 2021 | +189.5% | -9.8% | -0.4% |
| 2020 | -57.6% | +0.7% | -6.2% |
| 2016 | -37.3% | +1.9% | -2.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Walnut Foundation 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Walnut Foundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $29K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating a volunteer-led organization or one with no paid officers, which is highly efficient for a small nonprofit.
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 Walnut Foundation's IRS 990 filings:
- Consistent operational deficits, with expenses significantly exceeding revenue in most periods (e.g., 2023: Revenue $1,711, Expenses $30,742).
- Gradual decline in total assets over the past decade, from $448,006 in 2012 to $413,836 currently, indicating reliance on reserves to cover deficits.
Strengths
The following positive indicators were identified for Walnut Foundation:
- Very low liabilities ($1 across all periods), indicating strong financial management and minimal debt.
- Zero officer compensation reported across all filings, suggesting efficient use of funds and a volunteer-driven leadership.
- Consistent filing of IRS Form 990s over nine periods, demonstrating good transparency in financial reporting.
Frequently Asked Questions about Walnut Foundation
Is Walnut Foundation a legitimate charity?
Walnut Foundation (EIN: 201049109) is a registered tax-exempt nonprofit based in Montana. Our AI analysis gives it a Mission Score of 65/100. It has 9 years of IRS 990 filings on record. Total revenue: $20K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Walnut Foundation spend its money?
Walnut Foundation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Walnut Foundation tax-deductible?
Walnut Foundation is registered as a tax-exempt nonprofit (EIN: 201049109). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Walnut Foundation's spending goes to programs?
Walnut Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Walnut Foundation compare to similar nonprofits?
With a transparency score of 65/100 (Good), Walnut 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 Walnut Foundation located?
Walnut Foundation is headquartered in Billings, Montana and files with the IRS under EIN 201049109. It is classified under NTEE code T22.
How many years of IRS 990 filings does Walnut Foundation have?
Walnut Foundation has 9 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 $20K in total revenue.
How does Walnut Foundation cover its consistent operational deficits?
The organization appears to cover its operational deficits by drawing down its asset base, which has decreased from $448,006 in 2012 to $413,836 currently.
What is the long-term sustainability plan given the recurring revenue shortfalls?
The provided data does not detail a long-term sustainability plan, but the consistent deficit spending suggests a need for increased revenue generation or reduced expenses to maintain operations without further asset depletion.
What specific programs does Walnut Foundation fund or operate?
The NTEE code T22 indicates 'Foundations, Philanthropy, and Grantmaking Institutions', suggesting it primarily provides grants or funding to other organizations, but specific program details are not available in the provided financial data.
Filing History
IRS 990 filing history for Walnut Foundation showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2012–2023), Walnut Foundation's revenue has declined by 92.2%, moving from $22K to $2K. Total assets decreased by 6.1% over the same period, from $448K to $420K. Total functional expenses fell by 8.8%, from $34K to $31K. In its most recent filing year (2023), Walnut Foundation reported a deficit of $29K, with expenses exceeding revenue. The organization holds $1 in liabilities against $420K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $420K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2K | $31K | $420K | $1 | — | — |
| 2022 | $36K | $36K | $399K | $1 | — | View 990 |
| 2021 | $30K | $32K | $399K | $1 | — | — |
| 2020 | $11K | $35K | $401K | $1 | — | — |
| 2016 | $25K | $35K | $427K | $1 | — | View 990 |
| 2015 | $40K | $35K | $437K | $1 | — | View 990 |
| 2014 | $28K | $33K | $432K | $1 | — | View 990 |
| 2013 | $21K | $32K | $437K | $1 | — | View 990 |
| 2012 | $22K | $34K | $448K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2K, expenses of $31K, and assets of $420K (revenue -95.2% year-over-year).
- 2022: Revenue of $36K, expenses of $36K, and assets of $399K (revenue +18.4% year-over-year).
- 2021: Revenue of $30K, expenses of $32K, and assets of $399K (revenue +189.5% year-over-year).
- 2020: Revenue of $11K, expenses of $35K, and assets of $401K (revenue -57.6% year-over-year).
- 2016: Revenue of $25K, expenses of $35K, and assets of $427K (revenue -37.3% year-over-year).
- 2015: Revenue of $40K, expenses of $35K, and assets of $437K (revenue +39.7% year-over-year).
- 2014: Revenue of $28K, expenses of $33K, and assets of $432K (revenue +33.1% year-over-year).
- 2013: Revenue of $21K, expenses of $32K, and assets of $437K (revenue -3.5% year-over-year).
- 2012: Revenue of $22K, expenses of $34K, and assets of $448K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Walnut Foundation:
Data Sources and Methodology
This transparency report for Walnut 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.