Wolverine Foundation Inc
EIN: 272004512 · Danbury, CT · NTEE: B11
| Metric | Value |
|---|---|
| Total Revenue | $129K |
| Total Expenses | $60K |
| Net Assets | $159K |
Is Wolverine Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Wolverine Foundation Inc
Wolverine Foundation Inc (EIN: 272004512) is a nonprofit organization based in Danbury, CT, classified under NTEE code B11. The organization reported total revenue of $129K and total assets of $189K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wolverine Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wolverine Foundation Inc is a small nonprofit that has been operating for 14 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 3.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $77K |
| Total Expenses | $60K |
| Surplus / Deficit | +$17K |
| Total Assets | $160K |
| Total Liabilities | $500 |
| Net Assets | $159K |
| Operating Margin | 21.7% |
| Debt-to-Asset Ratio | 0.3% |
| Months of Reserves | 31.7 months |
Financial Health Grade: A
In 2023, Wolverine Foundation Inc reported a surplus of $17K with revenue exceeding expenses, holds 31.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.3% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Wolverine Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +14.9% | +49.2% | +11.7% |
| 2022 | +19.8% | +72.7% | +22.9% |
| 2021 | +1299.4% | +154.5% | +38.9% |
| 2020 | -87.8% | -41.7% | -5.3% |
| 2019 | +49.3% | -3.4% | +23.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2012 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Wolverine Foundation Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Wolverine Foundation Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $17K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.3%.
Frequently Asked Questions about Wolverine Foundation Inc
Is Wolverine Foundation Inc a legitimate charity?
Wolverine Foundation Inc (EIN: 272004512) is a registered tax-exempt nonprofit based in Connecticut. It has 14 years of IRS 990 filings on record. Total revenue: $129K. No red flags identified. Financial health grade: A.
How does Wolverine Foundation Inc spend its money?
Wolverine Foundation Inc reported $129K in total revenue in IRS 990 filings. 14 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Wolverine Foundation Inc tax-deductible?
Wolverine Foundation Inc is registered as a tax-exempt nonprofit (EIN: 272004512). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Wolverine Foundation Inc located?
Wolverine Foundation Inc is headquartered in Danbury, Connecticut and files with the IRS under EIN 272004512. It is classified under NTEE code B11.
How many years of IRS 990 filings does Wolverine Foundation Inc have?
Wolverine 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 $129K in total revenue.
Filing History
IRS 990 filing history for Wolverine Foundation Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Wolverine Foundation Inc's revenue has grown by 61.3%, moving from $48K to $77K. Total assets increased by 296.9% over the same period, from $40K to $160K. Total functional expenses rose by 696.3%, from $8K to $60K. In its most recent filing year (2023), Wolverine Foundation Inc reported a surplus of $17K, with revenue exceeding expenses. The organization holds $500 in liabilities against $160K in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $159K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $77K | $60K | $160K | $500 | — | — |
| 2022 | $67K | $40K | $143K | $500 | — | View 990 |
| 2021 | $56K | $23K | $116K | $500 | — | View 990 |
| 2020 | $4K | $9K | $84K | $500 | — | View 990 |
| 2019 | $33K | $16K | $89K | $0 | — | View 990 |
| 2018 | $22K | $16K | $72K | $0 | — | View 990 |
| 2017 | $26K | $16K | $66K | $0 | — | View 990 |
| 2016 | $18K | $13K | $57K | $0 | — | View 990 |
| 2015 | $22K | $16K | $52K | $0 | — | View 990 |
| 2014 | $16K | $15K | $45K | $0 | — | View 990 |
| 2013 | $23K | $13K | $44K | $0 | — | View 990 |
| 2012 | $10K | $18K | $34K | $0 | — | View 990 |
| 2011 | $18K | $16K | $42K | $0 | — | View 990 |
| 2010 | $48K | $8K | $40K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $77K, expenses of $60K, and assets of $160K (revenue +14.9% year-over-year).
- 2022: Revenue of $67K, expenses of $40K, and assets of $143K (revenue +19.8% year-over-year).
- 2021: Revenue of $56K, expenses of $23K, and assets of $116K (revenue +1299.4% year-over-year).
- 2020: Revenue of $4K, expenses of $9K, and assets of $84K (revenue -87.8% year-over-year).
- 2019: Revenue of $33K, expenses of $16K, and assets of $89K (revenue +49.3% year-over-year).
- 2018: Revenue of $22K, expenses of $16K, and assets of $72K (revenue -14.2% year-over-year).
- 2017: Revenue of $26K, expenses of $16K, and assets of $66K (revenue +41.4% year-over-year).
- 2016: Revenue of $18K, expenses of $13K, and assets of $57K (revenue -18.9% year-over-year).
- 2015: Revenue of $22K, expenses of $16K, and assets of $52K (revenue +40.0% year-over-year).
- 2014: Revenue of $16K, expenses of $15K, and assets of $45K (revenue -30.3% year-over-year).
- 2013: Revenue of $23K, expenses of $13K, and assets of $44K (revenue +124.6% year-over-year).
- 2012: Revenue of $10K, expenses of $18K, and assets of $34K (revenue -42.2% year-over-year).
- 2011: Revenue of $18K, expenses of $16K, and assets of $42K (revenue -63.3% year-over-year).
- 2010: Revenue of $48K, expenses of $8K, and assets of $40K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wolverine Foundation Inc:
Data Sources and Methodology
This transparency report for Wolverine 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.