Clearfork Association Inc

Nonprofit profile at a glance

EIN
263701979
IRS 990 coverage
2020–2024
Forms available
Form 990 2024
Location
Fort Worth, TX, USA
Phone
8177317396
Rating
58
Verdict
MIXED
Rating confidence
Moderate

Reported finances

Revenue
$809,914
Expenses
$721,490
Assets
$423,763
Liabilities
$20

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • CRAWFORD H EDWARDS (President)
  • PAXTON E MOTHERAL (Vice President)

Highest reported compensation

  • CRAWFORD H EDWARDS (President): $492,889 total reported compensation
  • PAXTON E MOTHERAL (Vice President): $479,030 total reported compensation
  • Sheryl LaBoyteaux (Secretary-Treas): $466,465 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Clearfork association inc was created to promote the health, safety andwelfare of the community and develop the common good by engaging in thefollowing civic betterments: a. To act as agent for the owners of property within clearfork.b. To exercise all powers which may be necessary or convenient to theoperation, management, maintenance and administration of the affairs ofthe association and to promote good fellowship and civic responsibilityamong the association, owners and the community.c. To have and exercise any and all powers, rights and privileges anon-profit corporation organized under the Texas business organizationscode may now or hereafter exercise to benefit the community and bringabout social improvements.d. Insofar as permitted by law, to perform any other act that, in theopinion of the board, will promote the common benefit and enjoyment ofthe community and the owners and/or will provide for the operation andprotection of the association.

What it reported doing in 2024

Expenses related to community events such as farmers market andexercise activities for the benefit of the publicreimbursement for wages/taxes: $43,171 insurance: $22,664 contract labor: $7,600 event expense: $14,346, bike share sponsorhip & marketing: $68,295, bank fees: $928 rent expense: $8,545

Operating model

Revenue model
Earned-program. 99% 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

MIXED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.

Rating breakdown

  • Financial Efficiency: 77
  • Transparency & Controls: 60
  • Accountability: 9
  • Sustainability: 53
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 81.9%; rating input score 82
  • Program expense ratio: 92.9%; rating input score 93
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 0%; rating input score 0; 5th percentile among comparable filings
  • Governance controls: 2 of 9 controls in place; rating input score 22
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 10.9%; rating input score 63; 63rd percentile among comparable filings
  • Total-asset coverage ratio: 0.59; rating input score 27; 27th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 83; 83rd percentile among comparable filings
  • Officer compensation ratio: 8%; rating input score 44; 44th percentile among comparable filings

Growth

  • Program expense growth: 11.4% per year; rating input score 100; 67th percentile among comparable filings
  • Revenue growth: 9.4% per year; rating input score 100; 64th percentile among comparable filings
  • Asset growth: 5.2% per year; rating input score 100; 40th percentile among comparable filings

Details

  • Where the money goes: 81.9% of revenue deployed · 92.9% of spending went to programs
  • Governance: 0 of 3 board members independent · 2 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $670K in reported program spending
  • Leadership: top reported pay $493K · 3 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $257K reported
  • Consistency: 20 of 20 current checks pass
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 4 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 40 filed related-organization links
  • 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 — Accountability: Independent voting board scored 0/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Accountability: Governance controls: 6 of 8 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 27/100.
  • Moderate — Sustainability: Officer compensation ratio scored 44/100.