Worthey Family Foundation
Worthey Family Foundation maintains strong asset base with no reported officer compensation.
EIN: 202737403 · Mountain Brk, AL · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $242K |
| Total Expenses | $109K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $1.7M |
| Transparency Score | 85/100 |
Is Worthey Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Worthey Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Worthey Family Foundation
Worthey Family Foundation (EIN: 202737403) is a nonprofit organization based in Mountain Brk, AL, classified under NTEE code T20. The organization reported total revenue of $242K and total assets of $1.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Worthey Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Worthey Family Foundation is a small nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -17.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $84K |
| Total Expenses | $109K |
| Surplus / Deficit | $-24,583 |
| Total Assets | $1.7M |
| Total Liabilities | $1 |
| Net Assets | $1.7M |
| Operating Margin | -29.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 184.7 months |
Financial Health Grade: B
In 2023, Worthey Family Foundation reported a deficit of $25K with expenses exceeding revenue, holds 184.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Worthey Family Foundation's revenue has declined at a compound annual growth rate (CAGR) of -17.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +62.2% | +23.8% | +18.8% |
| 2022 | -63.1% | -0.2% | -27.4% |
| 2021 | +74.5% | +5.6% | +10.8% |
| 2020 | -20.6% | -15.0% | +18.1% |
| 2019 | +37.5% | +63.3% | +18.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Worthey Family Foundation with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Worthey Family Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 $25K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
No officer compensation has been reported across all available filings, indicating that the foundation's leadership operates on a volunteer basis, which is highly efficient for an organization of its size with assets nearing $2 million.
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 Worthey Family Foundation's IRS 990 filings:
- Expense exceeding revenue in recent years (e.g., 2023 and 2022) without clear explanation of funding source beyond general assets.
Strengths
The following positive indicators were identified for Worthey Family Foundation:
- Consistent growth in assets over the long term, from $948,000 in 2011 to $1,673,872 in 2023.
- No reported officer compensation across all filings, indicating volunteer leadership and high administrative efficiency.
- Extremely low liabilities ($1 consistently), demonstrating strong financial health and minimal debt.
- Consistent IRS 990 filing history, indicating good transparency practices.
Frequently Asked Questions about Worthey Family Foundation
Is Worthey Family Foundation a legitimate charity?
Worthey Family Foundation (EIN: 202737403) is a registered tax-exempt nonprofit based in Alabama. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $242K. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Worthey Family Foundation spend its money?
Worthey Family Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Worthey Family Foundation tax-deductible?
Worthey Family Foundation is registered as a tax-exempt nonprofit (EIN: 202737403). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Worthey Family Foundation CEO make?
Worthey Family Foundation's highest-compensated officer earns $2 annually. The organization reported $242K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Worthey Family Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Worthey Family Foundation 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 Worthey Family Foundation located?
Worthey Family Foundation is headquartered in Mountain Brk, Alabama and files with the IRS under EIN 202737403. It is classified under NTEE code T20.
How many years of IRS 990 filings does Worthey Family Foundation have?
Worthey Family Foundation 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 $242K in total revenue.
Is Worthey Family Foundation a good charity?
Based on the available data, the Worthey Family Foundation appears to be a financially sound organization with a strong asset base and no reported officer compensation, suggesting efficient use of funds at the leadership level. Its consistent filing of IRS 990s indicates transparency.
How does the foundation manage its expenses relative to its revenue?
The foundation's expenses have generally been well-managed relative to its revenue, though there are periods like 2023 and 2022 where expenses ($108,750 and $87,815 respectively) exceeded revenue ($84,167 and $51,893 respectively). This suggests the foundation utilizes its substantial asset base to support its activities, rather than solely relying on annual contributions.
What is the trend in the foundation's assets?
The foundation's assets have shown a consistent growth trend over the long term, increasing from $948,000 in 2011 to $1,673,872 in 2023, indicating prudent financial management and investment strategies.
Filing History
IRS 990 filing history for Worthey Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Worthey Family Foundation's revenue has declined by 90.3%, moving from $864K to $84K. Total assets increased by 76.6% over the same period, from $948K to $1.7M. Total functional expenses rose by 125.4%, from $48K to $109K. In its most recent filing year (2023), Worthey Family Foundation reported a deficit of $25K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.7M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $84K | $109K | $1.7M | $1 | — | View 990 |
| 2022 | $52K | $88K | $1.4M | $1 | — | View 990 |
| 2021 | $141K | $88K | $1.9M | $1 | — | View 990 |
| 2020 | $81K | $83K | $1.8M | $1 | — | — |
| 2019 | $102K | $98K | $1.5M | $1 | — | View 990 |
| 2015 | $74K | $60K | $1.3M | $1 | — | View 990 |
| 2014 | $92K | $55K | $1.3M | $1 | — | View 990 |
| 2013 | $49K | $48K | $1.3M | $1 | — | View 990 |
| 2012 | $19K | $53K | $1.1M | $1 | — | View 990 |
| 2011 | $864K | $48K | $948K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $84K, expenses of $109K, and assets of $1.7M (revenue +62.2% year-over-year).
- 2022: Revenue of $52K, expenses of $88K, and assets of $1.4M (revenue -63.1% year-over-year).
- 2021: Revenue of $141K, expenses of $88K, and assets of $1.9M (revenue +74.5% year-over-year).
- 2020: Revenue of $81K, expenses of $83K, and assets of $1.8M (revenue -20.6% year-over-year).
- 2019: Revenue of $102K, expenses of $98K, and assets of $1.5M (revenue +37.5% year-over-year).
- 2015: Revenue of $74K, expenses of $60K, and assets of $1.3M (revenue -19.9% year-over-year).
- 2014: Revenue of $92K, expenses of $55K, and assets of $1.3M (revenue +86.9% year-over-year).
- 2013: Revenue of $49K, expenses of $48K, and assets of $1.3M (revenue +161.0% year-over-year).
- 2012: Revenue of $19K, expenses of $53K, and assets of $1.1M (revenue -97.8% year-over-year).
- 2011: Revenue of $864K, expenses of $48K, and assets of $948K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Worthey Family Foundation:
Data Sources and Methodology
This transparency report for Worthey Family 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.