Cfa Societies of Texas
Nonprofit profile at a glance
- EIN
- 454833185
- IRS 990-EZ coverage
- 2017–2024
- Forms available
- Form 990-EZ 2024
- Location
- Driftwood, TX, USA
- Phone
- 2106267499
- Rating
- 61
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Business and Industry
Reported finances
- Revenue
- $52,614
- Expenses
- $58,004
- Assets
- $125,549
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
People named in this filing
- KEVIN LINCOLN (Treasurer)
- GIOVANNA CARTER (Chairman)
- GABE THORNHILL (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 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The cfa societies of Texas is a collaborative association of Texas cfa societies to further the promotion of the ethical and professional standards within the investment industry, to enhance professional development opportunities through the cfa program, and to facilitate the open exchange of information and opinions.
What it reported doing in 2024
An important purpose of the organization is to hold relevant educational programs for members and the larger investment community on current topics of interest. During the year ended june 30, 2025, the organization held two educational conferences to promote the society as follows: 1) north and south Texas cfa investment research challenge - an event for investment professionals, academics, and finance students where student teams compete by writing an analysis / research report of a publicly traded company. Ninety students competed in this challenge. Ten teams participated in the final round of the challenge. These finals were attended by 72 finance students, professors, and financial executives.2) cfa societies Texas leadership conference - a 2 day conference attended by more than 50 society board and committee members from the four Texas cfa societies (austin, dallas-fort worth, houston, and san antonio) to share best practices, discuss strategies, goals, governance, and collaborate on educational programming, in order to deliver high quality programs focused on key topics of interest to their members, financial and investment management professionals throughout Texas.
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
- 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
SUPPORTED - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 51
- Transparency & Controls: 82
- Sustainability: 41
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 52.8%; rating input score 53
- Program expense ratio: 47.9%; rating input score 48
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -10.2%; rating input score 31; 31st percentile among comparable filings
- Total-asset coverage ratio: 2.16; rating input score 67; 67th 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: -8.6% per year; rating input score 0; 29th percentile among comparable filings
- Revenue growth: -3% per year; rating input score 0; 40th percentile among comparable filings
- Asset growth: 3.3% per year; rating input score 100; 52nd percentile among comparable filings
Details
- Where the money goes: 52.8% of revenue deployed · 47.9% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $28K in reported program spending
- Leadership: top reported pay $0 · 8 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 1 filed schedules
- Filing history: 7 filing years from 2017 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- 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 — Financial Efficiency: Mission deployment rate scored 53/100.
- Moderate — Financial Efficiency: Program expense ratio scored 48/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 31/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.