Brennan Trust In The Lord

Nonprofit profile at a glance

EIN
832384344
IRS 990-EZ coverage
2018–2019
Forms available
Form 990-EZ 2019
Location
Spring, TX, USA
Phone
2813765773
Rating
52
Verdict
MIXED
Rating confidence
Moderate

Reported finances

Revenue
$76,998
Expenses
$14,219
Assets
$104,789

Source: IRS Form 990-EZ. Selected filing: tax year 2019. Amounts in USD.

Leadership & pay

2 people listed

People named in this filing

  • James E Kellerman (Chairman)
  • Keith Goedecke (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 2019. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The Association's purposes include, but are not limited to, making grants to individuals or organizations for religious, charitable and educational purposes. The Association's assets and property shall be used exclusively for charitable purposes. In particular, the Association will make donations to the Steve Brennan family for the purpose of providing a college education for his three children. Steve Brennan was a beloved administrator and coach at Trinity Klien School in Klien, Texas. Brennan Trust in the Lord was founded after Steve was diagnosed with an autoimmune disease, which is not curable and has progressed rapidly. The purpose of the foundation is to raise money to assist in paying the college expenses for his three children.

What it reported doing in 2019

None.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
Distribution model
Transfer-based 990-EZ. The 990-EZ reports grants or member benefits, but it does not separate enough spending to show the nonprofit’s full delivery mix.

The verdict

MIXED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 11
  • Transparency & Controls: 100
  • Sustainability: 79
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 18.4%; rating input score 18
  • Program expense ratio: Limited

Transparency & Controls

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

Sustainability

  • Operating margin: 81.5%; rating input score 98; 98th percentile among comparable filings
  • Total-asset coverage ratio: 7.37; rating input score 89; 89th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 58.8% per year; rating input score 100; 98th percentile among comparable filings
  • Asset growth: 85.6% per year; rating input score 100; 98th percentile among comparable filings

Details

  • Where the money goes: 18.4% of revenue deployed
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 2 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 2 filing years from 2018 to 2019
  • Contacts: How to reach this organization
  • 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 18/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.