William H And Ella W Mcmahanfoundation Inc
William H And Ella W Mcmahanfoundation Inc shows consistent deficit spending and declining assets over the past decade.
EIN: 208721865 · Franklin, TN · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.7M |
| Total Expenses | $270K |
| Program Spending | 80% |
| Net Assets | $415K |
| Transparency Score | 60/100 |
Is William H And Ella W Mcmahanfoundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
William H And Ella W Mcmahanfoundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About William H And Ella W Mcmahanfoundation Inc
William H And Ella W Mcmahanfoundation Inc (EIN: 208721865) is a nonprofit organization based in Franklin, TN, classified under NTEE code T20. The organization reported total revenue of $1.7M and total assets of $804K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of William H And Ella W Mcmahanfoundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
William H And Ella W Mcmahanfoundation Inc 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 34.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $242K |
| Total Expenses | $270K |
| Surplus / Deficit | $-28,432 |
| Total Assets | $416K |
| Total Liabilities | $2K |
| Net Assets | $415K |
| Operating Margin | -11.8% |
| Debt-to-Asset Ratio | 0.4% |
| Months of Reserves | 18.5 months |
Financial Health Grade: B
In 2023, William H And Ella W Mcmahanfoundation Inc reported a deficit of $28K with expenses exceeding revenue, holds 18.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.4% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), William H And Ella W Mcmahanfoundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 34.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.7% | -8.4% | -6.0% |
| 2022 | +27.1% | +31.4% | -14.7% |
| 2021 | +3.1% | -17.9% | -9.2% |
| 2020 | +90.6% | +33.7% | -15.7% |
| 2019 | +102.3% | -24.6% | -48.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| 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 William H And Ella W Mcmahanfoundation Inc with a Mission Score of 60 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, William H And Ella W Mcmahanfoundation Inc 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 $28K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.4%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its executives, which is highly efficient for a nonprofit 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 William H And Ella W Mcmahanfoundation Inc's IRS 990 filings:
- Consistent deficit spending, with expenses exceeding revenue in all reported periods.
- Significant decline in assets over the past decade, from $2.1 million in 2011 to $416,431 in 2023.
- Discrepancy between 'Latest Revenue' provided and annual reported revenues in IRS 990 filings.
Strengths
The following positive indicators were identified for William H And Ella W Mcmahanfoundation Inc:
- No officer compensation reported, indicating efficient use of funds at the executive level.
- Low reported liabilities across all filing periods, suggesting good debt management.
Frequently Asked Questions about William H And Ella W Mcmahanfoundation Inc
Is William H And Ella W Mcmahanfoundation Inc a legitimate charity?
William H And Ella W Mcmahanfoundation Inc (EIN: 208721865) is a registered tax-exempt nonprofit based in Tennessee. Our AI analysis gives it a Mission Score of 60/100. It has 10 years of IRS 990 filings on record. Total revenue: $1.7M. 3 red flags identified. 2 strengths noted. Financial health grade: B.
How does William H And Ella W Mcmahanfoundation Inc spend its money?
William H And Ella W Mcmahanfoundation Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to William H And Ella W Mcmahanfoundation Inc tax-deductible?
William H And Ella W Mcmahanfoundation Inc is registered as a tax-exempt nonprofit (EIN: 208721865). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of William H And Ella W Mcmahanfoundation Inc's spending goes to programs?
William H And Ella W Mcmahanfoundation Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does William H And Ella W Mcmahanfoundation Inc compare to similar nonprofits?
With a transparency score of 60/100 (Good), William H And Ella W Mcmahanfoundation 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 William H And Ella W Mcmahanfoundation Inc located?
William H And Ella W Mcmahanfoundation Inc is headquartered in Franklin, Tennessee and files with the IRS under EIN 208721865. It is classified under NTEE code T20.
How many years of IRS 990 filings does William H And Ella W Mcmahanfoundation Inc have?
William H And Ella W Mcmahanfoundation 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 $1.7M in total revenue.
What is the source of the 'Latest Revenue' figure of $1,726,335, as it significantly differs from the annual reported revenues?
The provided 'Latest Revenue' of $1,726,335 is not reflected in the annual IRS 990 filings, which consistently show much lower revenue figures (e.g., $241,869 in 2023). This discrepancy requires clarification to understand the organization's true financial inflows.
How does the foundation cover its consistent annual deficits, given its declining asset base?
The foundation has consistently spent more than its revenue, leading to a significant reduction in assets from over $2 million in 2011 to $416,431 in 2023. This suggests it is drawing down its endowment or other reserves to cover operational costs and grantmaking.
What is the foundation's strategy to reverse the trend of declining assets and ensure long-term sustainability?
The continuous decline in assets indicates a need for a clear financial strategy to either increase revenue generation or reduce expenses to achieve financial stability and ensure the foundation's ability to fulfill its mission in the future.
Filing History
IRS 990 filing history for William H And Ella W Mcmahanfoundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), William H And Ella W Mcmahanfoundation Inc's revenue has grown by 3465.8%, moving from $7K to $242K. Total assets decreased by 80.5% over the same period, from $2.1M to $416K. Total functional expenses rose by 110.8%, from $128K to $270K. In its most recent filing year (2023), William H And Ella W Mcmahanfoundation Inc reported a deficit of $28K, with expenses exceeding revenue. The organization holds $2K in liabilities against $416K in assets (debt-to-asset ratio: 0.4%), resulting in net assets of $415K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $242K | $270K | $416K | $2K | — | View 990 |
| 2022 | $218K | $295K | $443K | $2K | — | View 990 |
| 2021 | $172K | $224K | $519K | $2K | — | View 990 |
| 2020 | $167K | $273K | $572K | $2K | — | View 990 |
| 2019 | $87K | $205K | $679K | $2K | — | View 990 |
| 2015 | $43K | $271K | $1.3M | $1K | — | View 990 |
| 2014 | $84K | $242K | $1.6M | $1K | — | View 990 |
| 2013 | $-185,724 | $142K | $1.7M | $890 | — | View 990 |
| 2012 | $51K | $143K | $2.0M | $42 | — | View 990 |
| 2011 | $7K | $128K | $2.1M | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $242K, expenses of $270K, and assets of $416K (revenue +10.7% year-over-year).
- 2022: Revenue of $218K, expenses of $295K, and assets of $443K (revenue +27.1% year-over-year).
- 2021: Revenue of $172K, expenses of $224K, and assets of $519K (revenue +3.1% year-over-year).
- 2020: Revenue of $167K, expenses of $273K, and assets of $572K (revenue +90.6% year-over-year).
- 2019: Revenue of $87K, expenses of $205K, and assets of $679K (revenue +102.3% year-over-year).
- 2015: Revenue of $43K, expenses of $271K, and assets of $1.3M (revenue -48.6% year-over-year).
- 2014: Revenue of $84K, expenses of $242K, and assets of $1.6M.
- 2013: Revenue of $-185,724, expenses of $142K, and assets of $1.7M (revenue -463.1% year-over-year).
- 2012: Revenue of $51K, expenses of $143K, and assets of $2.0M (revenue +654.1% year-over-year).
- 2011: Revenue of $7K, expenses of $128K, and assets of $2.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for William H And Ella W Mcmahanfoundation Inc:
Data Sources and Methodology
This transparency report for William H And Ella W Mcmahanfoundation 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.