Dallas Momentum Inc

Nonprofit profile at a glance

EIN: 752940683
IRS 990 coverage: 2010–2024
Forms available: Form 990 2024
Location: Dallas, TX, USA
Phone: 2147466600
Rating confidence: Limited
Sector: Boards of Trade

Reported finances

Revenue: $3,217,125
Expenses: $3,191,056
Assets: $213,892
Liabilities: $0

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

Leadership & pay

7 people listed

Executive titles in this filing

Dale Petroskey (President)
Mike Rosa (Vice President)

Highest reported compensation

Dale Petroskey (President): $793,232 total reported compensation
Angela Farley (Treasurer): $418,767 total reported compensation
Mike Rosa (Vice President): $311,963 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 exclusive purpose of the corporation is to promote the economic and civic prosperity of the greater dallas, Texas community in conjunction with and in support of the charitable activities of the dallas regional chamber, a Texas nonprofit corporation, particularly to: 1. Develop business in the greater metropolitan area of dallas, Texas; and 2. Promote domestic and global marketing of the greater metropolitan area of dallas, Texas, as a business destination, all as determined by the board of directors of the corporation (the board) and which purpose shall in all events be construed exclusively for charitable purpose within the meaning of section 501(c)(6) of the irc and under the laws of the state of Texas.

What it reported doing in 2024

Provided grants for the Dallas Regional Chamber Programs in the areas of Economic Development, Innovation & Research, Diversity, Inclusion & Community Engagement, Public Policy, Education & Workforce, Talent Strategies & Leadership, and Communications, Marketing & Events, all benefitting the Region's businesses and communities. These programs are developed, implemented and completed by specific department teams within the Dallas Regional Chamber, a related organization, to support economic development, civil prosperity and other community activities and needs in the region.

Operating model

Revenue model: Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model: Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

Financial Efficiency: NotEnoughData
Transparency & Controls: 71
Accountability: 79
Sustainability: 36
Growth: 40

Detailed rating inputs

Financial Efficiency

Mission deployment rate: Limited
Program expense ratio: Limited
Fundraising efficiency: Limited

Transparency & Controls

Consistency checks: 90.9%; rating input score 91; 5th 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: 100%; rating input score 100; 72nd percentile among comparable filings
Major donor itemization: Yes; rating input score 100
Related-party transparency: Limited

Accountability

Independent voting board: 80%; rating input score 80; 14th percentile among comparable filings
Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- 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: Pass
- Independent financial-statement audit: Pass

Sustainability

Operating margin: 0.8%; rating input score 37; 37th percentile among comparable filings
Total-asset coverage ratio: 0.07; rating input score 2; 2nd percentile among comparable filings
Liabilities to assets ratio: 0; rating input score 97; 97th percentile among comparable filings
Officer compensation ratio: 4.2%; rating input score 60; 60th percentile among comparable filings

Growth

Program expense growth: Limited
Revenue growth: 5.5% per year; rating input score 100; 45th percentile among comparable filings
Asset growth: -5.5% per year; rating input score 0; 3rd percentile among comparable filings

Details

Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
Governance: 4 of 5 board members independent · 7 of 9 filing controls reported
Programs: 1 filed program accomplishment
Leadership: top reported pay $793K · 7 people listed · 0 of 6 pay-setting controls reported
Consistency: 12 of 13 current checks pass · 1 finding to review
Schedules: 6 filed schedules · includes major donors, grants, and executive pay
Filing history: 14 filing years from 2010 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: 2 of 9 not reported.
High — Growth: Asset growth scored 0/100.
Moderate — Sustainability: Operating margin scored 37/100.
High — Sustainability: Total-asset coverage ratio scored 2/100.
Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.