Common Market Texas Incorporated

Nonprofit profile at a glance

EIN
822421349
IRS 990 coverage
2018–2024
Forms available
Form 990 2024, Form 990-N 2017
Location
Houston, TX, USA
Phone
2152753435
Rating
74
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Food Programs

Reported finances

Revenue
$1,141,006
Expenses
$919,732
Assets
$1,664,111
Liabilities
$890,175

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

Leadership & pay

10 people listed

Highest reported compensation

  • HAILE JOHNSTON (BOARD MEMBER): $265,422 total reported compensation
  • JEREMY LOGAN (EXECUTIVE DI): $109,150 total reported compensation

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

Overview

Mission

The organization is a non-profit that distributes local and sustainably produced foods. The organization's public purpose is to implement educational programs that improve access to local foods for residents of underserved low income communities; and to inform institutions and businesses of opportunities to add value to local farm products by processing them for their constituents and customers. Our public purpose is to also establish wholesale distribution of locally produced farm products so that the supply of locally produced farm food is assured. Our mission is to connect communities with good food from sustaiable family farms. We strive to improve food security, farm viability and community and ecological health.

What it reported doing in 2024

Distribution of locally grown Texas area produce. In an effort to sustain and promote the regional farm system and expand community food access. Not included in program income and expenses were 4,537,878 in gross sales of local produce and 4,136,789 in cost of goods sold.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
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 - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 77
  • Transparency & Controls: 60
  • Accountability: 84
  • Sustainability: 59
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 85.2%; rating input score 85
  • Program expense ratio: 68.5%; rating input score 69
  • Fundraising efficiency: $25.23 raised per $1 spent on fundraising; rating input score 64; 64th percentile among comparable filings

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: 80%; rating input score 80; 18th percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 19.4%; rating input score 75; 75th percentile among comparable filings
  • Total-asset coverage ratio: 1.81; rating input score 62; 62nd percentile among comparable filings
  • Liabilities to assets ratio: 0.53; rating input score 15; 15th percentile among comparable filings
  • Officer compensation ratio: 11.9%; rating input score 31; 31st percentile among comparable filings

Growth

  • Program expense growth: 26.6% per year; rating input score 100; 88th percentile among comparable filings
  • Revenue growth: 27.6% per year; rating input score 100; 91st percentile among comparable filings
  • Asset growth: 47.1% per year; rating input score 100; 96th percentile among comparable filings

Details

  • Where the money goes: 85.2% of revenue deployed · 68.5% of spending went to programs
  • Governance: 8 of 10 board members independent · 8 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $630K in reported program spending
  • Leadership: top reported pay $265K · 10 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 18 of 18 current checks pass
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 7 filing years from 2018 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 4 filed related-organization links
  • 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.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • High — Sustainability: Liabilities to assets ratio scored 15/100.
  • Moderate — Sustainability: Officer compensation ratio scored 31/100.