Downtown Fort Worth Inc

Nonprofit profile at a glance

EIN
751820114
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Fort Worth, TX, USA
Phone
8178701692
Rating confidence
Limited

Official website

Reported finances

Revenue
$5,121,905
Expenses
$5,096,024
Assets
$2,018,032
Liabilities
$1,306,039

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

Leadership & pay

74 people listed

Executive titles in this filing

  • ANDY TAFT (PRESIDENT)

Highest reported compensation

  • ANDY TAFT (PRESIDENT): $522,833 total reported compensation
  • MELISSA KNOUR (DIRECTOR OF PLANNING): $162,028 total reported compensation
  • BRANDI ERVIN (CONTROLLER): $161,240 total reported compensation

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

Overview

Mission

Downtown fort worth, inc. Was established to foster, promote, maintain and encourage the civic, social and general welfare of the city of fort worth through the encouragement and promotion of better business and living conditions in downtown fort worth.

What it reported doing in 2024

Ambassador program - hospitality service team provided by the downtown public improvement districts (pids).security-provides improved security in the public improvement district #1 by aiding the fort worth police department mounted patrol, organizing seminars on crime prevention and participation in the crime watch program.transportation and parking -provides assistance to special transportation and parking projects occurring within the public improvement district #1 by assisting in implementation of the projects.research-provides baseline data and studies to quantify economic conditions in downtown. Administration-accounts for the administrative services the organization provides for the public improvement district #1 & #14.

Operating model

Revenue model
Earned-program. 94% of the money available for current operations came from fees and other program revenue.
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: 84
  • Accountability: 95
  • Sustainability: 24
  • Growth: 0

Detailed rating inputs

Financial Efficiency

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

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd 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: 0.5%; rating input score 36; 36th percentile among comparable filings
  • Total-asset coverage ratio: 0.4; rating input score 13; 13th percentile among comparable filings
  • Liabilities to assets ratio: 0.65; rating input score 15; 15th percentile among comparable filings
  • Officer compensation ratio: 22.6%; rating input score 10; 10th percentile among comparable filings

Growth

  • Program expense growth: -11.7% per year; rating input score 0; 2nd percentile among comparable filings
  • Revenue growth: -1.2% per year; rating input score 0; 8th percentile among comparable filings
  • Asset growth: -1.6% per year; rating input score 0; 8th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 68 of 68 board members independent · 8 of 9 filing controls reported
  • Programs: 4 filed program accomplishments
  • Leadership: top reported pay $523K · 74 people listed · 4 of 6 pay-setting controls reported
  • Highest-paid contractors: 4 contractors listed · $2.7M reported
  • Consistency: 13 of 13 current checks pass
  • Schedules: 8 filed schedules · includes major donors and executive pay
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 5 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • 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 — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 36/100.
  • High — Sustainability: Total-asset coverage ratio scored 13/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • High — Sustainability: Officer compensation ratio scored 10/100.
  • High — Sustainability: Liabilities to assets ratio scored 15/100.