Fort Worth Classic Guitar Society
Nonprofit profile at a glance
- EIN
- 752597517
- IRS 990-EZ coverage
- 2009–2024
- Forms available
- Form 990-EZ 2024
- Location
- Fort Worth, TX, USA
- Phone
- 8174980363
- Rating
- 85
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Music Groups, Bands, Ensembles
Reported finances
- Revenue
- $104,068
- Expenses
- $92,563
- Assets
- $31,738
- Liabilities
- $46,921
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- Christopher McGuire (President)
People named in this filing
- Christopher McGuire (President)
- Mary Jane Hooper (Chair)
- Brad Jensen (Vice Chair, Internal Affairs)
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 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To foster interest in and appreciation of the classic guitar among members of the corporation and members of the community; to increase awareness of existing classic guitar repertoire and to encourage creation of new classic guitar repertoire; to present distinguished concert artists and composers to the North Texas area;
What it reported doing in 2024
Present distinguished concert artists and composers to the North Texas area to foster interest in and appreciation of the classic guitar and to increase awareness of existing classic guitar repertoire and to encourage creation of new classic guitar repertoire.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- 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. Program spending has declined or grown slowly and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 84
- Transparency & Controls: 100
- Sustainability: 38
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 79.7%; rating input score 80
- Program expense ratio: 89.6%; rating input score 90
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 11.1%; rating input score 60; 60th percentile among comparable filings
- Total-asset coverage ratio: 0.34; rating input score 28; 28th percentile among comparable filings
- Liabilities to assets ratio: 1.48; rating input score 3; 3rd percentile among comparable filings
- Officer compensation ratio: 31.1%; rating input score 11; 11th percentile among comparable filings
Growth
- Program expense growth: -2.6% per year; rating input score 0; 23rd percentile among comparable filings
- Revenue growth: -5.5% per year; rating input score 0; 8th percentile among comparable filings
- Asset growth: 8.8% per year; rating input score 100; 57th percentile among comparable filings
Details
- Where the money goes: 79.7% of revenue deployed · 89.6% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $83K in reported program spending
- Leadership: top reported pay $0 · 8 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 4 filed schedules
- Filing history: 15 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- 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.
- High — Sustainability: Total-asset coverage ratio scored 28/100.
- High — Sustainability: Liabilities to assets ratio scored 3/100.
- High — Sustainability: Officer compensation ratio scored 11/100.