Financial Women in Texas Inc
Nonprofit profile at a glance
- EIN
- 270774398
- IRS 990 coverage
- 2024–2024
- Forms available
- Form 990 2024, Form 990-EZ 2023
- Location
- Austin, TX, USA
- Phone
- 8302577241
- Rating
- 76
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Chambers of Commerce & Business Leagues
Reported finances
- Revenue
- $239,070
- Expenses
- $201,814
- Assets
- $334,745
- Liabilities
- $136,117
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
24 people listed
People named in this filing
- BRANDY PATTERSON (PRES/VICE PR)
- STACY CAMMACK (TREASURER)
- COURTNEY YEATMAN (NOMINATING C)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To bring together women working in finance from all facets of businesses, including but not limted to: banking, accounting, legal, utilities, not-for profit, govermental, and education for the exchange of ideas, experiences and interests; to further the meaningful professions or careers of its members and women in general; to encourage women to choose finance as a career and to advance the career opportunities for all women in finance; and to serve as an advocate of, and to promote improvements in the professional development, leadership skills, education, and training of women working in the financial services industry and all facets of business and finance.
What it reported doing in 2024
Twelve local groups held periodic meetings during the 2024-2025 fiscal year and the association held one day-long forum for members. The 15th annual conference was held in galveston, Texas in september 2024 and the 16th annual conference was held in september 2025 in dallas, Texas. The 17th annual conference is being planned for september 2026 in austin, Texas.
Operating model
- Revenue model
- Earned-program. 86% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 92% 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. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 76
- Transparency & Controls: 90
- Accountability: 64
- Sustainability: 58
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 79.6%; rating input score 80
- Program expense ratio: 94.9%; rating input score 95
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 1 of 7 controls in place; rating input score 14
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 15.6%; rating input score 68; 68th percentile among comparable filings
- Total-asset coverage ratio: 1.66; rating input score 54; 54th percentile among comparable filings
- Liabilities to assets ratio: 0.41; rating input score 13; 13th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 9.8% per year; rating input score 100; 72nd percentile among comparable filings
- Asset growth: 11.9% per year; rating input score 100; 71st percentile among comparable filings
Details
- Where the money goes: 79.6% of revenue deployed · 94.9% of spending went to programs
- Governance: 23 of 23 board members independent · 1 of 7 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $0 · 24 people listed
- Consistency: 20 of 20 current checks pass
- Schedules: 2 filed schedules
- Contacts: How to reach this organization
- 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 — Accountability: Governance controls: 5 of 6 not reported.
- Review — Sustainability: Total-asset coverage ratio scored 54/100.
- High — Sustainability: Liabilities to assets ratio scored 13/100.