Central Texas FBN Inc
Nonprofit profile at a glance
- EIN
- 933842293
- IRS 990-EZ coverage
- 2023–2023
- Forms available
- Form 990-EZ 2023
- Location
- Manor, TX, USA
- Phone
- 7372411142
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $1,300
- Expenses
- $1,282
- Assets
- $18
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.
Leadership & pay
3 people listed
People named in this filing
- Keith Gerson (Director)
- Geraldine Smythe (Director)
- Paul Phelps (Director)
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 2023. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Central Texas FBN exists to host quarterly chapter meetings for franchise professionals who are also international franchise association members in the Central Texas region to further their education and networking opportunities in the franchising realm and to promote good ethics in franchise operations
What it reported doing in 2023
In 2023 the Central Texas FBN Franchise Business Network Chapter was officially formed to be able to convene franchising professionals in the region for educational and networking events and to plan for future quarterly events. In 2023 we succeeded in meeting twice and bringing in IFA speakers and experts to address changes in franchising due to legal updates for the sector at the federal level as well as due to AI developments We served 30 or so chapter members at these 2 inaugural meetings only one of which happened right after officially forming our non profit By forming the non profit we were also able to receive contributions in exchange for sponsorship services for 4 organizations that wish to meet and work with chapter members
Operating model
- Revenue model
- Earned-program. 100% 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. Total assets are small relative to annual expenses; liquid coverage is unknown and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 99
- Transparency & Controls: 82
- Sustainability: 40
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 98.6%; rating input score 99
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 1.4%; rating input score 49; 49th percentile among comparable filings
- Total-asset coverage ratio: 0.01; rating input score 6; 6th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 98.6% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $1K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 1 filed schedules
- 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 — Sustainability: Total-asset coverage ratio scored 6/100.
- Moderate — Sustainability: Operating margin scored 49/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.