Tyler Herro Foundation
Nonprofit profile at a glance
- EIN
- 842748734
- IRS 990-EZ coverage
- 2023–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2022
- Location
- Greenfield, WI, USA
- Phone
- 3108264474
- Rating
- 69
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Youth Development Programs
Reported finances
- Revenue
- $32,812
- Expenses
- $52,699
- Assets
- $25,423
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- TYLER HERRO (PRESIDENT)
- CHRIS HERRO (VICE PRESIDENT)
People named in this filing
- TYLER HERRO (PRESIDENT)
- CHRIS HERRO (VICE PRESIDENT)
- JENNIFER HERRO (SECRETARY)
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 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To train and mentor youth.
What it reported doing in 2024
Every summer the t. Herro foundation, along with team herro, host youth basketball camps in tyler's hometowns of milwaukee, wi and miami, fl. Tyler dedicates his time every year to coaching and interacting with the campers in order to give them the best experience possible.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 70% for direct work, and 30% for grants.
The verdict
SUPPORTED - The filed numbers largely add up. A relatively small share of total spending goes to programs and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 55
- Transparency & Controls: 100
- Sustainability: 28
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 63.8%; rating input score 64
- Program expense ratio: 39.7%; rating input score 40
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: -60.6%; rating input score 11; 11th percentile among comparable filings
- Total-asset coverage ratio: 0.48; rating input score 29; 29th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -74.9% per year; rating input score 0; 5th percentile among comparable filings
- Revenue growth: -51.1% per year; rating input score 0; 6th percentile among comparable filings
- Asset growth: -56.2% per year; rating input score 0; 3rd percentile among comparable filings
Details
- Where the money goes: 63.8% of revenue deployed · 39.7% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $21K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 4 filed schedules
- Filing history: 2 filing years from 2023 to 2024
- 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.
- Moderate — Financial Efficiency: Program expense ratio scored 40/100.
- High — Sustainability: Operating margin scored 11/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 29/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.