Windmoor Foundation Inc
Windmoor Foundation Inc. consistently spends more than it earns, drawing down its asset base.
EIN: 10788484 · South Bend, IN · NTEE: X20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $608K |
| Total Expenses | $890K |
| Program Spending | 75% |
| Net Assets | $6.8M |
| Transparency Score | 70/100 |
Is Windmoor Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Windmoor Foundation Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Windmoor Foundation Inc
Windmoor Foundation Inc (EIN: 10788484) is a nonprofit organization based in South Bend, IN, classified under NTEE code X20. The organization reported total revenue of $608K and total assets of $6.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Windmoor Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Windmoor Foundation Inc is a small nonprofit that has been operating for 22 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 5.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $626K |
| Total Expenses | $890K |
| Surplus / Deficit | $-263,311 |
| Total Assets | $7.0M |
| Total Liabilities | $147K |
| Net Assets | $6.8M |
| Operating Margin | -42.0% |
| Debt-to-Asset Ratio | 2.1% |
| Months of Reserves | 94.3 months |
Financial Health Grade: B
In 2023, Windmoor Foundation Inc reported a deficit of $263K with expenses exceeding revenue, holds 94.3 months of operating reserves (strong position), has a debt-to-asset ratio of 2.1% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Windmoor Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +13.5% | +11.0% | -3.9% |
| 2022 | -17.0% | -4.5% | -4.4% |
| 2021 | +7.2% | +-0.0% | -3.2% |
| 2020 | -16.6% | +7.0% | -3.8% |
| 2019 | -27.9% | +68.8% | -1.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| 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 Windmoor 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Windmoor Foundation Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $263K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.1%.
Executive Compensation Analysis
The Windmoor Foundation Inc. reports 0% officer compensation across all 14 available filings, indicating that no salaries or other compensation are paid to its officers, which is highly commendable for transparency and resource allocation.
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 Windmoor Foundation Inc's IRS 990 filings:
- Consistent operational deficits (expenses exceeding revenue) in recent years, e.g., $889,516 expenses vs. $626,205 revenue in 2023.
- Declining asset base from $8,174,321 in 2019 to $6,988,944 in 2023, indicating reliance on reserves.
Strengths
The following positive indicators were identified for Windmoor Foundation Inc:
- Zero reported officer compensation across all filings, indicating high transparency in executive pay.
- Substantial asset base of $6,988,944 in 2023, providing a buffer despite operational deficits.
- Relatively low liabilities compared to assets, indicating good solvency.
Frequently Asked Questions about Windmoor Foundation Inc
Is Windmoor Foundation Inc a legitimate charity?
Windmoor Foundation Inc (EIN: 10788484) is a registered tax-exempt nonprofit based in Indiana. Our AI analysis gives it a Mission Score of 70/100. It has 14 years of IRS 990 filings on record. Total revenue: $608K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Windmoor Foundation Inc spend its money?
Windmoor Foundation Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Windmoor Foundation Inc tax-deductible?
Windmoor Foundation Inc is registered as a tax-exempt nonprofit (EIN: 10788484). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Windmoor Foundation Inc's spending goes to programs?
Windmoor Foundation Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Windmoor Foundation Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Windmoor Foundation Inc is above average for NTEE category X20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Windmoor Foundation Inc located?
Windmoor Foundation Inc is headquartered in South Bend, Indiana and files with the IRS under EIN 10788484. It is classified under NTEE code X20.
How many years of IRS 990 filings does Windmoor Foundation Inc have?
Windmoor Foundation Inc has 14 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 $608K in total revenue.
Is Windmoor Foundation Inc. financially sustainable given its spending patterns?
The foundation has consistently spent more than its revenue since 2019, leading to a decline in its asset base from $8,174,321 in 2019 to $6,988,944 in 2023. This trend suggests a potential long-term sustainability challenge if not addressed.
What is the primary source of the foundation's revenue?
The provided data only shows total revenue. Without access to the full IRS 990, it's not possible to determine the specific breakdown of revenue sources (e.g., contributions, investment income, program service revenue).
Why are expenses consistently higher than revenue in recent years?
The data indicates a consistent operational deficit, for example, in 2023, expenses were $889,516 while revenue was $626,205. This could be due to strategic spending from endowments, temporary dips in fundraising, or increased program costs, but the exact reasons are not detailed in the provided summary.
Filing History
IRS 990 filing history for Windmoor Foundation Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Windmoor Foundation Inc's revenue has grown by 100.9%, moving from $312K to $626K. Total assets increased by 4226.4% over the same period, from $162K to $7.0M. Total functional expenses rose by 186.8%, from $310K to $890K. In its most recent filing year (2023), Windmoor Foundation Inc reported a deficit of $263K, with expenses exceeding revenue. The organization holds $147K in liabilities against $7.0M in assets (debt-to-asset ratio: 2.1%), resulting in net assets of $6.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $626K | $890K | $7.0M | $147K | — | — |
| 2022 | $552K | $801K | $7.3M | $169K | — | View 990 |
| 2021 | $664K | $839K | $7.6M | $258K | — | View 990 |
| 2020 | $620K | $839K | $7.9M | $332K | — | View 990 |
| 2019 | $743K | $785K | $8.2M | $425K | — | View 990 |
| 2018 | $1.0M | $465K | $8.3M | $45K | — | View 990 |
| 2017 | $5.0M | $284K | $7.7M | $0 | — | View 990 |
| 2016 | $2.6M | $250K | $3.0M | $0 | — | View 990 |
| 2015 | $601K | $272K | $642K | $0 | — | View 990 |
| 2014 | $279K | $275K | $312K | $0 | — | View 990 |
| 2013 | $385K | $299K | $308K | $0 | — | View 990 |
| 2012 | $286K | $277K | $222K | $0 | — | View 990 |
| 2011 | $359K | $307K | $213K | $0 | — | View 990 |
| 2010 | $312K | $310K | $162K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $626K, expenses of $890K, and assets of $7.0M (revenue +13.5% year-over-year).
- 2022: Revenue of $552K, expenses of $801K, and assets of $7.3M (revenue -17.0% year-over-year).
- 2021: Revenue of $664K, expenses of $839K, and assets of $7.6M (revenue +7.2% year-over-year).
- 2020: Revenue of $620K, expenses of $839K, and assets of $7.9M (revenue -16.6% year-over-year).
- 2019: Revenue of $743K, expenses of $785K, and assets of $8.2M (revenue -27.9% year-over-year).
- 2018: Revenue of $1.0M, expenses of $465K, and assets of $8.3M (revenue -79.6% year-over-year).
- 2017: Revenue of $5.0M, expenses of $284K, and assets of $7.7M (revenue +96.0% year-over-year).
- 2016: Revenue of $2.6M, expenses of $250K, and assets of $3.0M (revenue +328.0% year-over-year).
- 2015: Revenue of $601K, expenses of $272K, and assets of $642K (revenue +115.2% year-over-year).
- 2014: Revenue of $279K, expenses of $275K, and assets of $312K (revenue -27.4% year-over-year).
- 2013: Revenue of $385K, expenses of $299K, and assets of $308K (revenue +34.5% year-over-year).
- 2012: Revenue of $286K, expenses of $277K, and assets of $222K (revenue -20.3% year-over-year).
- 2011: Revenue of $359K, expenses of $307K, and assets of $213K (revenue +15.1% year-over-year).
- 2010: Revenue of $312K, expenses of $310K, and assets of $162K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Windmoor Foundation Inc:
Data Sources and Methodology
This transparency report for Windmoor 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.