Living Waters Park Organization

Nonprofit profile at a glance

EIN
455222092
IRS 990 coverage
2019–2024
Forms available
Form 990 2024, Form 990-N 2018
Location
Fort Worth, TX, USA
Phone
8176142624
Rating
41
Verdict
MIXED
Rating confidence
Moderate
Sector
Personal Social Services

Reported finances

Revenue
$3,931
Expenses
$1,222
Assets
$15,730
Liabilities
$96,500

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

Leadership & pay

4 people listed

Executive titles in this filing

  • ARCHIE BANKS (PRESIDENT)
  • REGGI STURNS-KEMP (VICE PRESIDENT)

People named in this filing

  • ARCHIE BANKS (PRESIDENT)
  • KEVIN LINDSEY (SECRETARY/TREASURER)
  • REGGI STURNS-KEMP (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. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The nbsp; mission nbsp; of nbsp; the nbsp; organization nbsp; is nbsp; to nbsp; provide nbsp; an nbsp; economic nbsp; stimulus nbsp; to nbsp; the nbsp; east nbsp; side nbsp; of nbsp; fort nbsp; worth nbsp; through nbsp; providing nbsp; water nbsp; and nbsp; land nbsp; as nbsp; a nbsp; stewardship nbsp; to nbsp; target nbsp; areas nbsp; such nbsp; as: nbsp; arts nbsp; recreations nbsp; and nbsp; science nbsp; this nbsp; will nbsp; be nbsp; done nbsp; in nbsp; a nbsp; way nbsp; to nbsp; preserving nbsp; the nbsp; beauty nbsp; of nbsp; lake nbsp; arlington nbsp; and nbsp; the nbsp; celebrating nbsp; of nbsp; our nbsp; diverse nbsp; community

What it reported doing in 2024

The higest expenses was contributed to the necessary repairs and maintenance of the property.

Operating model

Revenue model
Donor-supported. 90% 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

MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 75
  • Accountability: 76
  • Sustainability: 72
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 75%; rating input score 75; 1st percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 3 of 7 controls in place; rating input score 43
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 68.9%; rating input score 94; 94th percentile among comparable filings
  • Total-asset coverage ratio: 12.87; rating input score 69; 69th percentile among comparable filings
  • Liabilities to assets ratio: 6.13; rating input score 1; 1st percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 60; 60th percentile among comparable filings

Growth

  • Program expense growth: -67.6% per year; rating input score 0; 4th percentile among comparable filings
  • Revenue growth: -37.3% per year; rating input score 0; 11th percentile among comparable filings
  • Asset growth: -66.3% per year; rating input score 0; 2nd percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: 4 of 4 board members independent · 3 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $2K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 10 of 14 current checks pass · 4 findings to review
  • Schedules: 4 filed schedules
  • Filing history: 6 filing years from 2019 to 2024
  • Contacts: How to reach this organization
  • 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 — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • Moderate — Accountability: Governance controls: 3 of 6 not reported.
  • Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
  • Moderate — Transparency & Controls: Fund balance restriction sum did not reconcile in the filed values.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • Moderate — Transparency & Controls: Schedule M noncash within contributions did not reconcile in the filed values.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 1/100.