Hollister Downtown Association
Nonprofit profile at a glance
- EIN
- 770168743
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- Hollister, CA, USA
- Phone
- 8316368406
- Rating
- 66
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $318,873
- Expenses
- $380,975
- Assets
- $126,183
- Liabilities
- $11,970
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- Omar Rosa (President & CEO)
- Chuck Frowein (Vice President)
Highest reported compensation
- Omar Rosa (President & CEO): $70,000 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The organization's mission is to revitalize historic downtown Hollister by facilitating various events that attract people downtown.
What it reported doing in 2024
Host the Hollister Farmers Market during the summer months which draws the community downtown to shop various produce and craft vendors.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- 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
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of total spending goes to programs and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 51
- Transparency & Controls: 86
- Accountability: 69
- Sustainability: 17
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 61%; rating input score 61
- Program expense ratio: 51.1%; rating input score 51
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 92.3%; rating input score 92; 22nd 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: 90.9%; rating input score 91; 25th percentile among comparable filings
- Governance controls: 3 of 8 controls in place; rating input score 38
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Fail
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -19.5%; rating input score 14; 14th percentile among comparable filings
- Total-asset coverage ratio: 0.33; rating input score 17; 17th percentile among comparable filings
- Liabilities to assets ratio: 0.09; rating input score 27; 27th percentile among comparable filings
- Officer compensation ratio: 18.4%; rating input score 21; 21st percentile among comparable filings
Growth
- Program expense growth: 40.7% per year; rating input score 100; 94th percentile among comparable filings
- Revenue growth: 2.6% per year; rating input score 100; 38th percentile among comparable filings
- Asset growth: 7.8% per year; rating input score 100; 59th percentile among comparable filings
Details
- Where the money goes: 61% of revenue deployed · 51.1% of spending went to programs
- Governance: 10 of 11 board members independent · 3 of 8 filing controls reported
- Programs: 4 filed program accomplishments · $144K in reported program spending
- Leadership: top reported pay $70K · 11 people listed
- Consistency: 22 of 23 current checks pass · 1 finding to review
- Schedules: 4 filed schedules · includes major donors
- Filing history: 11 filing years from 2011 to 2024
- 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.
- Review — Financial Efficiency: Program expense ratio scored 51/100.
- Moderate — Accountability: Governance controls: 4 of 7 not reported.
- High — Sustainability: Operating margin scored 14/100.
- High — Sustainability: Total-asset coverage ratio scored 17/100.
- Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
- High — Sustainability: Officer compensation ratio scored 21/100.
- High — Sustainability: Liabilities to assets ratio scored 27/100.