Bivins Village
Nonprofit profile at a glance
- EIN
- 752865445
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Amarillo, TX, USA
- Phone
- 8063799400
- Rating
- 85
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Senior Citizens' Housing/Retirement Communities
Reported finances
- Revenue
- $448,969
- Expenses
- $653,460
- Assets
- $3,172,882
- Liabilities
- $5,308,340
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- KATHARYN WIEGAND (PRESIDENT &)
Highest reported compensation
- KATHARYN WIEGAND (PRESIDENT &): $279,790 total reported compensation
- PAUL SNEED (CHIEF FIN OF): $212,188 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Bivins village is an independent living facility for low income seniors. Bivins village is located on approximately 8 acres that are currently part of a larger 18 acre tract of land owned by the mary e. Bivins foundation. Bivins village has been designed with the recognition that, although in the early years, it will serve a more independent elderly population - these persons will become frailer as time advances. Accordingly the units are equipped with grab bars and non-slip floor surfaces, along with other design elements, which facilitate individual safety.
What it reported doing in 2024
Bivins village provides opportunities for various healthcare entities and financial institutions to come in to our low income community for health fairs, routine health screenings, personal banking services, etc...all at no cost to residents. Provide opportunities for tenants to safely gather for holiday celebrations, monthly birthday parties, quilting groups, various activity events all designed to keep their mind and body active.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and assets have declined or grown slowly.
Rating breakdown
- Financial Efficiency: 82
- Transparency & Controls: 88
- Accountability: 100
- Sustainability: 29
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 78.3%; rating input score 78
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th 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; 63rd 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: -45.5%; rating input score 6; 6th percentile among comparable filings
- Total-asset coverage ratio: 4.86; rating input score 79; 79th percentile among comparable filings
- Liabilities to assets ratio: 1.67; rating input score 3; 3rd percentile among comparable filings
- Officer compensation ratio: 14.7%; rating input score 24; 24th percentile among comparable filings
Growth
- Program expense growth: 1.2% per year; rating input score 100; 35th percentile among comparable filings
- Revenue growth: 2.2% per year; rating input score 100; 36th percentile among comparable filings
- Asset growth: -2.9% per year; rating input score 0; 15th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 78.3% of spending went to programs
- Governance: 9 of 9 board members independent · 9 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $512K in reported program spending
- Leadership: top reported pay $280K · 11 people listed · 5 of 6 pay-setting controls reported
- Consistency: 30 of 30 current checks pass
- Schedules: 5 filed schedules · includes executive pay
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Related organizations: 3 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 — Sustainability: Operating margin scored 6/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 3/100.
- High — Sustainability: Officer compensation ratio scored 24/100.