Tandem Fund Inc

Nonprofit profile at a glance

EIN
994252659
IRS 990-EZ coverage
2024–2025
Forms available
Form 990-EZ 2025
Location
Old Greenwich, CT, USA
Phone
2013835499
Rating
43
Verdict
MIXED
Rating confidence
Moderate
Sector
Public Foundations

Official website

Reported finances

Revenue
$139,204
Expenses
$158,140
Assets
$41,005
Liabilities
$5,527

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • CHARLIE PURSALL BERGER (PRESIDENT)

People named in this filing

  • CHARLIE PURSALL BERGER (PRESIDENT)
  • JANICE HARMEIER (SECRETARY)
  • JEFF DRISKELL (TREASURER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Tandem fund is a nonprofit organization organized exclusively for charitable purposes, including the relief of poverty, advancement of education, and promotion of public health in underserved rural communities. The organization collaborates with local partners to design, fund, and implement sustainable infrastructure projects that expand access to clean water, sanitation, education, healthcare services.

What it reported doing in 2025

In 2025, the organization issued a $27,000 grant to directly fund the building of 'programme sekoly: karinoro primary school' a primary school with wash facilities and a water harvesting system through seed madagascar. Seed madagascar's mission is working towards sustainable environment, education, and development goals across southeast madagascar. These grants further the organization's purpose of expanding access to essential infrastructure by partnering with local organizations to empower rural communities through infrastructure development.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

MIXED - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 100
  • Sustainability: 22
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -13.6%; rating input score 11; 11th percentile among comparable filings
  • Total-asset coverage ratio: 0.26; rating input score 24; 24th percentile among comparable filings
  • Liabilities to assets ratio: 0.13; rating input score 18; 18th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 27.8% per year; rating input score 100; 88th percentile among comparable filings
  • Asset growth: -28.1% per year; rating input score 0; 5th percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 3 filed program accomplishments
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 8 of 9 current checks pass · 1 finding to review
  • Schedules: 3 filed schedules
  • Filing history: 2 filing years from 2024 to 2025
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • Moderate — Transparency & Controls: Part III transfer expenses within program total did not reconcile in the filed values.
  • High — Sustainability: Operating margin scored 11/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 24/100.
  • High — Sustainability: Liabilities to assets ratio scored 18/100.