Forma Inc

Nonprofit profile at a glance

EIN
721364538
IRS 990 coverage
2017–2019
Forms available
Form 990 2019, Form 990-EZ 2016, Form 990-N 2010
Location
Alexandria, VA, USA
Rating
57
Verdict
MIXED
Rating confidence
Moderate
Sector
Professional Societies, Associations
Affiliation
Christianity

Official website

Reported finances

Revenue
$207,205
Expenses
$231,449
Assets
$27,745
Liabilities
$30,722

Source: IRS Form 990. Selected filing: tax year 2019. Amounts in USD.

Leadership & pay

15 people listed

Executive titles in this filing

  • Aimee Bostwick (President)

People named in this filing

  • Aimee Bostwick (President)
  • Samantha Haycock (Secretary)
  • Kate Huston (Trustee)

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 2019. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

A dynamic community celebrating and upholding the diverse ministries of Christian Formation

What it reported doing in 2019

The Certificate in Leadership for Lifelong Christian Formation is a program designed for those who have demonstrated on-the-ground experience in a congregation or other context in the area of Christian Formation. The goal is to equip practitioners with supplementary preparation and the additional tools they need to enable in-depth Christian Formation leadership for their congregations and communities.

Operating model

Revenue model
Earned-program. 66% of the money available for current operations came from fees and other program revenue.
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

MIXED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 72
  • Transparency & Controls: 83
  • Accountability: 0
  • Sustainability: 21
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 74.3%; rating input score 74
  • Program expense ratio: 66.5%; rating input score 67
  • Fundraising efficiency: $50.42 raised per $1 spent on fundraising; rating input score 79; 79th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 91.7%; rating input score 92; 15th 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: 0%; rating input score 0; 6th percentile among comparable filings
  • Governance controls: 0 of 7 controls in place; rating input score 0
    • 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: Fail
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -11.7%; rating input score 21; 21st percentile among comparable filings
  • Total-asset coverage ratio: 0.12; rating input score 7; 7th percentile among comparable filings
  • Liabilities to assets ratio: 1.11; rating input score 5; 5th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 71; 71st percentile among comparable filings

Growth

  • Program expense growth: -3.3% per year; rating input score 0; 27th percentile among comparable filings
  • Revenue growth: 19.9% per year; rating input score 100; 90th percentile among comparable filings
  • Asset growth: -1.5% per year; rating input score 0; 26th percentile among comparable filings

Details

  • Where the money goes: 74.3% of revenue deployed · 66.5% of spending went to programs
  • Governance: 0 of 15 board members independent · 0 of 7 filing controls reported
  • Programs: 3 filed program accomplishments · $154K in reported program spending
  • Leadership: top reported pay $0 · 15 people listed
  • Consistency: 23 of 24 current checks pass · 1 finding to review
  • Schedules: 4 filed schedules
  • Filing history: 3 filing years from 2017 to 2019
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Accountability: Independent voting board scored 0/100.
  • High — Accountability: Governance controls: 6 of 6 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Operating margin scored 21/100.
  • High — Sustainability: Total-asset coverage ratio scored 7/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 5/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.