Fort Worth Bike Sharing Inc
Nonprofit profile at a glance
- EIN
- 455028138
- IRS 990-EZ coverage
- 2021–2021
- Forms available
- Form 990 2020, Form 990-EZ 2021, Form 990-N 2012
- Location
- Fort Worth, TX, USA
- Phone
- 8173480084
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Human Service Organizations
Reported finances
- Revenue
- $51,917
- Expenses
- $249,557
- Assets
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2021. Amounts in USD.
Leadership & pay
15 people listed
Executive titles in this filing
- JENNIFER GRISSOM (PRESIDENT/DI)
People named in this filing
- ROB HARMON (CHAIRMAN)
- MIKE BRENNAN (DIRECTOR)
- SHANNA CATE (DIRECTOR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2021. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Provide affordable, efficient, and environmentally friendly bike sharing program to complement fort worth's existing public transportation system. Fwbs gives residents and visitors a healthy and convenient way to move around the city.
What it reported doing in 2021
Provide affordable, efficient, and environmentally friendly bike sharing program to compliment fort worth's existing public transportation system.
Operating model
- Revenue model
- Earned-program. 64% 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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 96
- Transparency & Controls: 82
- Sustainability: 9
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 88.6%; rating input score 89
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -380.7%; rating input score 4; 4th percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -2.9% per year; rating input score 0; 49th percentile among comparable filings
- Asset growth: -4.6% per year; rating input score 0; 24th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 88.6% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $221K in reported program spending
- Leadership: top reported pay $0 · 15 people listed
- Consistency: 5 of 5 current checks pass
- Schedules: 3 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 — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 4/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 2/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.