Bonneville Regional Section of the Institute of Food Technologists

Nonprofit profile at a glance

EIN
870481182
IRS 990-EZ coverage
2010–2011
Forms available
Form 990-EZ 2011
Location
Draper, UT, USA
Phone
8015238898
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Food, Agriculture, and Nutrition N.E.C.

Official website

Reported finances

Revenue
$28,181
Expenses
$33,728
Assets
$31,008

Source: IRS Form 990-EZ. Selected filing: tax year 2011. Amounts in USD.

Leadership & pay

7 people listed

Source: IRS Form 990-EZ. Selected filing: tax year 2011. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Helping to protect and improve our food supply by sharing scientific knowledge and providing our members with a networking forum.

What it reported doing in 2011

Suppliers Night: 4 speakers covered: A review of good manufacturing processing in dry mix products, flavor descriptors and how to best work with flavor houses, the legal ramifications of the new Food Safety Modernization Act, and criteria for selecting natural colors in dry and liquid systems. 204 professional members and students attended. 90 table top displays were erected by the suppliers who paid to attend and for the privledge of educating members about their products. Also held a student poster session to display the results of their research programs in the hope of winning 1 of 8 grants.

Operating model

Revenue model
Earned-program. 95% of the money available for current operations came from fees and other program revenue.
Distribution model
Hybrid. The nonprofit split its reported program spending across 75% for direct work, and 25% for grants.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 90
  • Transparency & Controls: 82
  • Sustainability: 24
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 95.7%; rating input score 96
  • Program expense ratio: 79.9%; rating input score 80

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -19.7%; rating input score 22; 22nd percentile among comparable filings
  • Total-asset coverage ratio: 0.92; rating input score 46; 46th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: Limited

Growth

  • Program expense growth: -7.2% per year; rating input score 0; 42nd percentile among comparable filings
  • Revenue growth: -18.2% per year; rating input score 0; 32nd percentile among comparable filings
  • Asset growth: -16.4% per year; rating input score 0; 24th percentile among comparable filings

Details

  • Where the money goes: 95.7% of revenue deployed · 79.9% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 4 filed program accomplishments · $27K in reported program spending
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 1 filed schedules
  • Filing history: 2 filing years from 2010 to 2011
  • 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Sustainability: Operating margin scored 22/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 46/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.