Woodmen Foundation
Woodmen Foundation faces severe financial contraction with 2019 revenue of $24,887 against $70,154 in expenses.
EIN: 204743934 · Omaha, NE · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $25K |
| Total Expenses | $70K |
| Program Spending | 60% |
| Net Assets | $20K |
| Transparency Score | 30/100 |
Is Woodmen Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Woodmen Foundation directs 60% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Woodmen Foundation
Woodmen Foundation (EIN: 204743934) is a nonprofit organization based in Omaha, NE, classified under NTEE code T20. The organization reported total revenue of $25K and total assets of $20K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Woodmen Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Woodmen Foundation is a micro nonprofit that has been operating for 9 years, with 8 years of IRS 990 filings on record (2011–2019). Revenue has grown at a compound annual rate of 38.9%.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
| Total Revenue | $25K |
| Total Expenses | $70K |
| Surplus / Deficit | $-45,267 |
| Total Assets | $20K |
| Net Assets | $20K |
| Operating Margin | -181.9% |
| Months of Reserves | 3.4 months |
Financial Health Grade: B
In 2019, Woodmen Foundation reported a deficit of $45K with expenses exceeding revenue, holds 3.4 months of operating reserves (adequate).
Financial Trends
Over 8 years of filings (2011–2019), Woodmen Foundation's revenue has grown at a compound annual growth rate (CAGR) of 38.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2019 | -98.3% | -98.2% | -99.8% |
| 2018 | -9.5% | +78.9% | -19.4% |
| 2017 | -18.1% | -7.2% | -9.3% |
| 2015 | -24.4% | +0.3% | -4.9% |
| 2014 | +100.4% | +46.4% | -0.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2017 |
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 Woodmen Foundation with a Mission Score of 30 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 30%
- programs: 60%
- fundraising: 10%
According to IRS 990 filings, Woodmen Foundation allocates its expenses as follows: admin: 30%, programs: 60%, fundraising: 10%. Approximately 60% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $45K, with expenses exceeding revenue.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits were paid to its officers, which is a positive sign for minimizing overhead in this area.
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 Woodmen Foundation's IRS 990 filings:
- Significant and consistent deficit spending, with expenses exceeding revenue in multiple recent periods (e.g., 2019: $70,154 expenses vs. $24,887 revenue).
- Dramatic decline in revenue from millions to tens of thousands in the latest filing, indicating a severe contraction in financial activity.
- Substantial reduction in total assets from over $14 million in 2013 to $19,987 in 2019, suggesting a depletion of reserves.
- Unclear operational status given the drastic financial changes, raising questions about its ability to fulfill its mission.
Strengths
The following positive indicators were identified for Woodmen Foundation:
- Consistent reporting of 0% officer compensation, indicating no executive salaries or benefits were paid.
Frequently Asked Questions about Woodmen Foundation
Is Woodmen Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Woodmen Foundation (EIN: 204743934) significant concerns. Mission Score: 30/100. 4 red flags identified, 1 strength noted.
How does Woodmen Foundation spend its money?
Woodmen Foundation directs 60% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Woodmen Foundation tax-deductible?
Woodmen Foundation is registered as a tax-exempt nonprofit (EIN: 204743934). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Woodmen Foundation's spending goes to programs?
Woodmen Foundation directs 60% to programs, 10% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
How does Woodmen Foundation compare to similar nonprofits?
With a transparency score of 30/100 (Poor), Woodmen Foundation is below average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Woodmen Foundation located?
Woodmen Foundation is headquartered in Omaha, Nebraska and files with the IRS under EIN 204743934. It is classified under NTEE code T20.
How many years of IRS 990 filings does Woodmen Foundation have?
Woodmen Foundation has 8 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 $25K in total revenue.
Is Woodmen Foundation still actively operating given its drastically reduced revenue and assets?
The latest filing shows a significant reduction in financial activity, with revenue dropping from millions to $24,887 and assets from over $14 million to $19,987. This suggests a substantial change in operations, potentially indicating a winding down phase or a shift in its financial model.
What caused the dramatic decline in revenue and assets between 2018 and 2019?
The filings do not provide specific reasons for the sharp decline from $1,450,028 in revenue and $9,748,140 in assets in 2018 to $24,887 in revenue and $19,987 in assets in 2019. Further investigation into the organization's activities or public statements would be needed to understand this change.
How is the organization covering its expenses when revenue is consistently lower?
In several recent periods, including 2019 ($24,887 revenue vs. $70,154 expenses) and 2018 ($1,450,028 revenue vs. $4,000,028 expenses), the organization's expenses significantly exceeded its revenue. This deficit spending would typically be covered by drawing down assets or incurring liabilities, which aligns with the observed decrease in assets over time.
Filing History
IRS 990 filing history for Woodmen Foundation showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2011–2019), Woodmen Foundation's revenue has grown by 1282.6%, moving from $2K to $25K. Total assets decreased by 98.9% over the same period, from $1.7M to $20K. Total functional expenses rose by 214.4%, from $22K to $70K. In its most recent filing year (2019), Woodmen Foundation reported a deficit of $45K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2019 | $25K | $70K | $20K | $0 | — | View 990 |
| 2018 | $1.5M | $4.0M | $9.7M | $9.7M | — | View 990 |
| 2017 | $1.6M | $2.2M | $12.1M | $9.5M | — | View 990 |
| 2015 | $2.0M | $2.4M | $13.3M | $9.5M | — | View 990 |
| 2014 | $2.6M | $2.4M | $14.0M | $9.7M | — | View 990 |
| 2013 | $1.3M | $1.6M | $14.1M | $9.9M | — | View 990 |
| 2012 | $4.7M | $72K | $11.1M | $6.6M | — | View 990 |
| 2011 | $2K | $22K | $1.7M | $1.8M | — | View 990 |
Year-by-Year Financial Summary
- 2019: Revenue of $25K, expenses of $70K, and assets of $20K (revenue -98.3% year-over-year).
- 2018: Revenue of $1.5M, expenses of $4.0M, and assets of $9.7M (revenue -9.5% year-over-year).
- 2017: Revenue of $1.6M, expenses of $2.2M, and assets of $12.1M (revenue -18.1% year-over-year).
- 2015: Revenue of $2.0M, expenses of $2.4M, and assets of $13.3M (revenue -24.4% year-over-year).
- 2014: Revenue of $2.6M, expenses of $2.4M, and assets of $14.0M (revenue +100.4% year-over-year).
- 2013: Revenue of $1.3M, expenses of $1.6M, and assets of $14.1M (revenue -72.3% year-over-year).
- 2012: Revenue of $4.7M, expenses of $72K, and assets of $11.1M (revenue +258788.9% year-over-year).
- 2011: Revenue of $2K, expenses of $22K, and assets of $1.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Woodmen Foundation:
Data Sources and Methodology
This transparency report for Woodmen 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.