Fieldbus Foundation

Nonprofit profile at a glance

EIN
411739567
IRS 990 coverage
2010–2013
Forms available
Form 990 2013
Location
Austin, TX, USA
Phone
5127948890
Rating confidence
Limited
Sector
Chambers of Commerce & Business Leagues

Official website

Reported finances

Revenue
$2,774,162
Expenses
$2,843,475
Assets
$2,117,238
Liabilities
$1,129,444

Source: IRS Form 990. Selected filing: tax year 2013. Amounts in USD.

Leadership & pay

18 people listed

Executive titles in this filing

  • RICHARD TIMONEY (PRESIDENT & CEO)

Highest reported compensation

  • RICHARD TIMONEY (PRESIDENT & CEO): $318,637 total reported compensation
  • DAVE GLANZER (DIRECTOR OF TECHNOLOGY): $185,805 total reported compensation
  • STEPHEN MITSCHKE (DIRECTOR, FIELDBUS PRODUCT): $167,925 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2013. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Fieldbus foundation's primary exempt purpose is to promote the common business and professional interests of its members and in this regard to promote the development of open systems and products based on digital communication standards and protocols. Testing, certification, and registration of compliant devices being a necessary means of demonstrating success.

What it reported doing in 2013

Released h1 interoperability test kit (itk) 6.1.0. The h1 itk 6.1.0 builds on the extensive library of foundation fieldbus block test cases, offering a series of standardized function blocks and transducer blocks that enable increased test coverage for device developers. This includes test cases for new blocks that were previously unavailable, such as flow totalizer, analog alarm, control selector and output splitter, which support expanded device applications for control-in-the-field (cif). A new flow transducer block is intended to simplify device integration within foundation fieldbus networks. In addition, the release provides updated test cases for existing blocks, including flow, pressure, temperature, analog positioner, and discrete positioner. New h1 itk test cases are focused on backwards compatibility among foundation fieldbus devices. This enhancement supports device replacement automation and enables the test kit to verify consistent behavior between device and host implementations in fieldbus-based control systems. Automation of device replacement allows the configuration in an existing field device to be restored in a newer version of that instrument without manual intervention. This "plug and play" solution ensures features are consistent between different generations of devices without reengineering the host configuration or changing any other element of the h1 network other than the new instrument.

Operating model

Revenue model
Other-operating. 99% of the money available for current operations came from other operating 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: 45
  • Accountability: 91
  • Sustainability: 25
  • 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; 4th percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Scored; rating input score 0
  • Grant itemization coverage: Scored; rating input score 0
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 65th 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: Pass
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -2.5%; rating input score 24; 24th percentile among comparable filings
  • Total-asset coverage ratio: 0.74; rating input score 36; 36th percentile among comparable filings
  • Liabilities to assets ratio: 0.53; rating input score 26; 26th percentile among comparable filings
  • Officer compensation ratio: 33.4%; rating input score 2; 2nd percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 1.2% per year; rating input score 100; 37th percentile among comparable filings
  • Asset growth: -4.4% per year; rating input score 0; 16th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 11 of 11 board members independent · 7 of 9 filing controls reported
  • Programs: 3 filed program accomplishments
  • Leadership: top reported pay $319K · 18 people listed · 2 of 6 pay-setting controls reported
  • Consistency: 12 of 13 current checks pass · 1 finding to review
  • Schedules: 6 filed schedules · includes foreign activity and executive pay
  • Filing history: 4 filing years from 2010 to 2013
  • 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 — Transparency & Controls: Foreign activity oversight scored 0/100.
  • High — Transparency & Controls: Grant itemization coverage scored 0/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • High — Sustainability: Operating margin scored 24/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 36/100.
  • Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
  • High — Sustainability: Officer compensation ratio scored 2/100.
  • High — Sustainability: Liabilities to assets ratio scored 26/100.