Trucking Cares Foundation
Nonprofit profile at a glance
- EIN
- 823015119
- IRS 990 coverage
- 2017–2024
- Forms available
- Form 990 2024, Form 990-EZ 2020
- Location
- Washington, DC, USA
- Phone
- 7038381959
- Rating
- 65
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Public, Society Benefit N.E.C.
Reported finances
- Revenue
- $797,648
- Expenses
- $272,214
- Assets
- $1,521,224
- Liabilities
- $40,000
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
18 people listed
Executive titles in this filing
- JOHN LYNCH (PRESIDENT)
Highest reported compensation
- CHRISTOPHER SPEAR (VICE CHAIRMAN): $3,053,292 total reported compensation
- JOHN LYNCH (PRESIDENT): $327,073 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To improve the safety of the trucking industry and the safety, security, and sustainability of america's highways and communities we serve by supporting and promoting research, education, leadership development, and volunteerism and a broad range of charitable activities towards those ends.
What it reported doing in 2024
The foundation was created to promote volunteerism and raise money for, and distribute such donations to, organizations which are engaged in professional, academic and scientific research related to vehicle and highway safety and security; provide education and training and/or provide academic and merit scholarships to qualifying individuals; bring awareness to and contribute resources to fight, or assist victims of, crime, hunger, and homelessness; provide disaster relief and humanitarian support to those in need; and contribute to the health and well-being of u.s. Communities nationwide.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 79% of its reported program spending out as grants.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.
Rating breakdown
- Financial Efficiency: 49
- Transparency & Controls: 66
- Accountability: 82
- Sustainability: 78
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 31.8%; rating input score 32
- Program expense ratio: 93.2%; rating input score 93
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 92.3%; rating input score 92; 16th percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: 92.5%; rating input score 92; 40th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 93.3%; rating input score 93; 25th percentile among comparable filings
- Governance controls: 6 of 9 controls in place; rating input score 67
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 65.9%; rating input score 96; 96th percentile among comparable filings
- Total-asset coverage ratio: 5.59; rating input score 86; 86th percentile among comparable filings
- Liabilities to assets ratio: 0.03; rating input score 60; 60th percentile among comparable filings
- Officer compensation ratio: 28.5%; rating input score 8; 8th percentile among comparable filings
Growth
- Program expense growth: 22.4% per year; rating input score 100; 85th percentile among comparable filings
- Revenue growth: 13.3% per year; rating input score 100; 75th percentile among comparable filings
- Asset growth: 11.9% per year; rating input score 100; 65th percentile among comparable filings
Details
- Where the money goes: 31.8% of revenue deployed · 93.2% of spending went to programs
- Governance: 14 of 15 board members independent · 6 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $254K in reported program spending
- Leadership: top reported pay $3.1M · 18 people listed · 0 of 6 pay-setting controls reported
- Consistency: 19 of 20 current checks pass · 1 finding to review
- Schedules: 7 filed schedules · includes major donors, grants, and executive pay
- Filing history: 6 filing years from 2017 to 2024
- Contacts: How to reach this organization
- Money network: 6 filed money-flow records
- Related organizations: 8 filed related-organization links
- 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.
- Moderate — Financial Efficiency: Mission deployment rate scored 32/100.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Review — Accountability: Governance controls: 3 of 9 not reported.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- High — Sustainability: Officer compensation ratio scored 8/100.