Budget and Financial Management Assistance
Nonprofit profile at a glance
- EIN
- 431747260
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Kansas City, MO, USA
- Phone
- 8164742972
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Human Service Organizations
Reported finances
- Revenue
- $469,836
- Expenses
- $437,884
- Assets
- $378,752
- Liabilities
- $11,563
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- JENNIFER HAM (EXECUTIVE DIRECTOR)
Highest reported compensation
- JENNIFER HAM (EXECUTIVE DIRECTOR): $76,665 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Providing budgeting, bill payment, and advocacy as representative payee to disabled, homeless, and elderly persons in the Kansas city metro area.
What it reported doing in 2024
Founded in 1996, Budget and Financial Management Assistance BFMA serves 500 disabled and elderly clients in the greater Kansas City area. BFMA serves as a representative payee for these at risk people. Funds are sent directly to BFMA for the benefit of the client. Mentally and physically disabled as well as elderly people rely on BFMA to systematically pay rent in order to keep a roof over their head, to pay utility bills to ensure ongoing service, and to send a check once a week for groceries and personal needs. BFMA not only pays basic bills for clients, but also advocates for them with landlords, utility companies, and creditors. BFMA helps protect disabled clients who are vulnerable and misunderstood from being taken advantage of financially. The mission of BFMA is to foster financial stability as a representative payee through bill payment, budgeting, and advocacy to the elderly, disabled, and homeless in the Kansas City Metropolitan area.
Operating model
- Revenue model
- Earned-program. 63% of the money available for current operations came from fees and other program revenue.
- 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 some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 75
- Transparency & Controls: 92
- Accountability: 95
- Sustainability: 43
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 73%; rating input score 73
- Program expense ratio: 78.1%; rating input score 78
- Fundraising efficiency: $48.66 raised per $1 spent on fundraising; rating input score 76; 76th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 7 of 8 controls in place; rating input score 88
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 6.8%; rating input score 54; 54th percentile among comparable filings
- Total-asset coverage ratio: 0.86; rating input score 37; 37th percentile among comparable filings
- Liabilities to assets ratio: 0.03; rating input score 37; 37th percentile among comparable filings
- Officer compensation ratio: 17.5%; rating input score 22; 22nd percentile among comparable filings
Growth
- Program expense growth: 0.4% per year; rating input score 100; 32nd percentile among comparable filings
- Revenue growth: 2.8% per year; rating input score 100; 40th percentile among comparable filings
- Asset growth: 13.6% per year; rating input score 100; 74th percentile among comparable filings
Details
- Where the money goes: 73% of revenue deployed · 78.1% of spending went to programs
- Governance: 6 of 6 board members independent · 7 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $342K in reported program spending
- Leadership: top reported pay $77K · 7 people listed
- Consistency: 27 of 27 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: Filed and resolved organization relationships.
- 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.
- Review — Sustainability: Operating margin scored 54/100.
- Review — Accountability: Governance controls: CEO compensation review process not reported.
- Moderate — Sustainability: Total-asset coverage ratio scored 37/100.
- High — Sustainability: Officer compensation ratio scored 22/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 37/100.