Betty Bivins Childers Foundation
Nonprofit profile at a glance
- EIN
- 680491256
- IRS 990 coverage
- 2009–2023
- Forms available
- Form 990 2023
- Location
- Amarillo, TX, USA
- Phone
- 8063799400
- Rating
- 47
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Voluntarism Promotion
- Affiliation
- Christianity
Reported finances
- Revenue
- $-12,493,598
- Expenses
- $2,500
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- KATHARYN WIEGAND (PRESIDENT)
Highest reported compensation
- KATHARYN WIEGAND (PRESIDENT): $271,482 total reported compensation
- PAUL SNEED (CHIEF FIN OF): $213,614 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To build, establish and maintain in the city of amarillo, Texas, or in the vicinity thereof, either in potter or randall counties, a home or homes for worthy, aged and needy persons, and to operate such homes, expand, build or rebuild any such homes and to do each and everything whatsoever necessary, requisite or incident thereto. Preference shall be given in admission to said homes to those who have lived and practiced the christian religion. The purposes stated in this subsection shall be deemed the primary purpose of the corporation and the maintenance and operation of said homes shall at all times have preference in the use of income and/or corpus of property belonging to the corporation or held in trust for it.
What it reported doing in 2023
Previously through may 1, 2021, the foundation leased its facility to the lee bivins foundation whom had also previously restructured its consolidated operations and it's nursing home operations and the facility was renamed to bivins pointe. However effective may 1, 2021, lee bivins foundation ceased all operations of bivins pointe. For its final fiscal year ended september 30, 2024, the foundation is no longer an operating foundation as termination was approved by its board of directors and with no remaining assets.
Operating model
- Revenue model
- Investment-supported. 100% of the money available for current operations came from recurring investment income.
- Distribution model
- No current program activity. The filing reports no program spending for the current year.
The verdict
MIXED - 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 a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 88
- Accountability: 100
- Sustainability: 11
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: 0%; rating input score 0
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 5 of 6 controls in place; rating input score 83
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -100%; rating input score 22; 22nd percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 3; 3rd percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 3,864.7%; rating input score 1; 1st percentile among comparable filings
Growth
- Program expense growth: -31.2% per year; rating input score 0; 11th percentile among comparable filings
- Revenue growth: -57.3% per year; rating input score 0; 8th percentile among comparable filings
- Asset growth: -5.6% per year; rating input score 0; 20th percentile among comparable filings
Details
- Where the money goes: 0% of revenue deployed · 0% of spending went to programs
- Governance: 9 of 9 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $271K · 11 people listed · 5 of 6 pay-setting controls reported
- Consistency: 11 of 11 current checks pass
- Schedules: 6 filed schedules · includes executive pay
- Filing history: 15 filing years from 2009 to 2023
- Contacts: How to reach this organization
- Related organizations: 4 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.
- High — Financial Efficiency: Mission deployment rate scored 0/100.
- High — Financial Efficiency: Program expense ratio scored 0/100.
- High — Sustainability: Operating margin scored 22/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 3/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 1/100.