Joseph Thomas Foundation

Nonprofit profile at a glance

EIN
262569438
IRS 990-EZ coverage
2010–2024
Forms available
Form 990-EZ 2024, Form 990-N 2018
Location
Abilene, TX, USA
Phone
3252805247
Rating
97
Verdict
STRONG
Rating confidence
Moderate
Sector
Fund Raising and Fund Distribution

Reported finances

Revenue
$187,658
Expenses
$171,154
Assets
$196,771
Liabilities
$0

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

Leadership & pay

10 people listed

Executive titles in this filing

  • JOHN THOMAS (PRESIDENT)
  • KERRY PATTON (VICE PRESIDENT)
  • PERRY COVINGTON (EXECUTIVE DIRECTOR)

People named in this filing

  • WILL WELCH (MEMBER)
  • REBECCA THOMAS (MEMBER)
  • JOHN DELK (MEMBER)

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

The foundation was established to assist medically fragile children. The mission is to assist children who do not have the financial capacity with their basic medical needs. The foundation's plan is to have as many as three fundraisers a year to provide funds to support the mission.

What it reported doing in 2024

To provide assistance in the form of donations to special needs children.

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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filed totals do not add up and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 98
  • Transparency & Controls: 100
  • Sustainability: 55
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 96.8%; rating input score 97
  • Program expense ratio: 100%; rating input score 100

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: 8.8%; rating input score 56; 56th percentile among comparable filings
  • Total-asset coverage ratio: 1.15; rating input score 64; 64th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 76; 76th percentile among comparable filings
  • Officer compensation ratio: 39.4%; rating input score 7; 7th percentile among comparable filings

Growth

  • Program expense growth: 20.3% per year; rating input score 100; 76th percentile among comparable filings
  • Revenue growth: 18.5% per year; rating input score 100; 82nd percentile among comparable filings
  • Asset growth: 14% per year; rating input score 100; 71st percentile among comparable filings

Details

  • Where the money goes: 96.8% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $182K in reported program spending
  • Leadership: top reported pay $0 · 10 people listed
  • Consistency: 7 of 8 current checks pass · 1 finding to review
  • Schedules: 3 filed schedules
  • Filing history: 14 filing years from 2010 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.

  • Moderate — Transparency & Controls: Part III program expenses within total did not reconcile in the filed values.
  • Review — Sustainability: Operating margin scored 56/100.
  • High — Sustainability: Officer compensation ratio scored 7/100.