Hospitality Financial and Technology Professionals Foundation

Nonprofit profile at a glance

EIN
832255073
IRS 990-EZ coverage
2019–2024
Forms available
Form 990 2018, Form 990-EZ 2024
Location
Austin, TX, USA
Phone
5122495333
Rating
84
Verdict
STRONG
Rating confidence
Moderate
Sector
Professional Societies, Associations

Reported finances

Revenue
$8,002
Expenses
$28,437
Assets
$56,999
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • JUSTIN TAILLON MBA PHD (IMMEDIATE PAST PRESIDENT)
  • JAMES BINA CHAE CHTP (PRESIDENT)
  • ANDREW BUWALDA CHAE (VICE PRESIDENT)
  • FRANK I WOLFE (CEO)
  • THOMAS ATZENHOFER (DEPUTY CEO)

People named in this filing

  • JUSTIN TAILLON MBA PHD (IMMEDIATE PAST PRESIDENT)
  • JAMES BINA CHAE CHTP (PRESIDENT)
  • ANDREW BUWALDA CHAE (VICE PRESIDENT)

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

Provide scholarships for hospitality/travel students; funding for hospitality research/educational projects; develop and disseminate educational publications for hospitality/travel.

What it reported doing in 2024

-provide opportunities for the exchange of expertise, experiences and opinions through communications for hospitality and travel professionals-create studies and surveys for the purpose of disseminating information related to hospitality and travel-conduct research relating to hospitality and travel for industry-wide utilization and by the general public-provide information and knowledge to practitioners and others in the hospitality and travel community and the general public-acquire, preserve and disseminate data and information in the field of hospitality and travel-cooperate with counterpart organizations in the hospitality and travel industries-provide scholarships for students pursuing a degree in hospitality and travel-provide funding for individuals and organizations for research or educational projects focusing on the hospitality and travel industries-promote knowledge and understanding among the general public of the hospitality and travel industries

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 98
  • Transparency & Controls: 82
  • Sustainability: 36
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 94.9%; rating input score 95

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -255.4%; rating input score 4; 4th percentile among comparable filings
  • Total-asset coverage ratio: 2; rating input score 65; 65th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -19.2% per year; rating input score 0; 18th percentile among comparable filings
  • Revenue growth: -41.2% per year; rating input score 0; 7th percentile among comparable filings
  • Asset growth: -4.8% per year; rating input score 0; 25th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 94.9% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $27K in reported program spending
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 6 filing years from 2019 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 1 filed related-organization link
  • 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 — Sustainability: Operating margin scored 4/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.