Hennessy Travelers Association Inc

Nonprofit profile at a glance

EIN
205520448
IRS 990 coverage
2010–2011
Forms available
Form 990 2011
Location
San Antonio, TX, USA
Phone
2103654339
Rating confidence
Limited
Sector
Scholarships, Student Financial Aid Services, Awards

Official website

Reported finances

Revenue
$204,874
Expenses
$151,936
Assets
$57,151
Liabilities
$4,371

Source: IRS Form 990. Selected filing: tax year 2011. Amounts in USD.

Leadership & pay

4 people listed

Source: IRS Form 990. Selected filing: tax year 2011. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The purpose of the Hennessy Travelers Association Educational Foundation is to provide educational opportunities for Air Force food Service professionals. Directly supported by contributions from industry we provide scholarships and ecuational seminars uniquely tailored to military professionals. These programs enhance interest & skills in the profession thus providing enhanced employment opportunities as well as benefits withi the food industry upon their completion of military services.

What it reported doing in 2011

During 2011, The Hennessy Travelers Association continued to provide excellent community services through its educational opportunities. The association provided 25 of the Armed Forces finest food service professionals from active duty, guard and reserve operations worldwide with an eduational event sponsored in conjuction with the 54th anniversary of the John L. Hennessy Awards in Chicago in May 2011. This annual awards program held during the National Restaurant Association Hotel and Motel show presented many of the possibilities available in the industry to the 25 Armed Forces Food service professionals in attendance as well as reveal ing to them numerous career options after completing their military servic e. The attendees received a full program of educational seminars, culinary events and competitions from skilled industry leaders from around the world. We feel this is an event that continues to grow with interest for both attendees and sponsors that will resound with the attendees for years During this event we also announced that these 25 Military will all be attendees for our 2012 week long Armed Forces Forum for Culinary (CIA) Greystone Campus in Napa Valley, CA. We received numerous inquiries from interested industry leaders on how they could assist in supporting such a unique event.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
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: 100
  • Accountability: 58
  • Sustainability: 61
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 60th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th 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: Fail
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 25.8%; rating input score 86; 86th percentile among comparable filings
  • Total-asset coverage ratio: 0.38; rating input score 22; 22nd percentile among comparable filings
  • Liabilities to assets ratio: 0.08; rating input score 42; 42nd percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 75; 75th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 39.8% per year; rating input score 100; 90th percentile among comparable filings
  • Asset growth: 134.7% per year; rating input score 100; 99th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 4 of 4 board members independent · 0 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $132K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 17 of 17 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 2 filing years from 2010 to 2011
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Accountability: Governance controls: 7 of 7 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 22/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 42/100.