Dickies Arena
Legal name: Multipurpose Arena Fort Worth
Nonprofit profile at a glance
- EIN
- 812774292
- IRS 990 coverage
- 2016–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Fort Worth, TX, USA
- Phone
- 8174029052
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Support N.E.C.
Reported finances
- Revenue
- $94,816,004
- Expenses
- $68,469,567
- Assets
- $166,667,514
- Liabilities
- $128,032,227
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
18 people listed
Executive titles in this filing
- MATTHEW D HOMAN (PRESIDENT)
Highest reported compensation
- MATTHEW D HOMAN (PRESIDENT): $836,665 total reported compensation
- NICOLE P EPPS (VP AND CFO): $368,175 total reported compensation
- JULIE E MARGOLIN (VP OF FOOD AND BEVERAGE): $353,477 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Trail Drive Management Corp. (TDMC) mission is to enhance the quality of entertainment available to the citizens of Fort Worth by bringing the best concert acts, family and sporting shows and more to the area without creating any financial burden on the Fort Worth community. (TDMC) is the not-for-profit operating entity established to oversee the management and operations of Dickies Arena, a state-of- the-art facility located adjacent to the Will Rogers Memorial Center campus. TDMC’s mission is to enhance the quality of entertainment available to the citizens of Fort Worth by bringing the best concert acts, family and sporting shows and more to the area without creating any financial burden on the Fort Worth community. The foundation of this mission statement is based on three principles: Community Outreach.
What it reported doing in 2024
Multipurpose arena fort worth is organized and operated for the purposes of lessening the burdens of the city of fort worth, Texas, and encouraging agricultural pursuits, and to do so without undue financial costs or risks to the city and its residents. Specifically, the corporation leases, manages and operates the city owned multipurpose arena that opened in october 2019 adjacent to the will rogers memorial center of fort worth. In addition, the corporation may also manage, operate, and/or otherwise support the operation of other facilities adjacent to the multipurpose arena, including garage and surface parking facilities and will rogers memorial center facilities, as well as other facilities owned by event facilities fort worth, inc., a 501(c)(3) organization, and by the city of fort worth.
Operating model
- Revenue model
- Other-operating. 76% of the money available for current operations came from other operating revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Liabilities are high compared with assets and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 71
- Transparency & Controls: 89
- Accountability: 100
- Sustainability: 68
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 69.5%; rating input score 70
- Program expense ratio: 95.1%; rating input score 95
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
- Pay-setting controls: 5 of 6 controls in place; rating input score 83
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- 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; 77th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 27.8%; rating input score 91; 91st percentile among comparable filings
- Total-asset coverage ratio: 2.43; rating input score 69; 69th percentile among comparable filings
- Liabilities to assets ratio: 0.77; rating input score 18; 18th percentile among comparable filings
- Officer compensation ratio: 4%; rating input score 26; 26th percentile among comparable filings
Growth
- Program expense growth: 30% per year; rating input score 100; 96th percentile among comparable filings
- Revenue growth: 33.3% per year; rating input score 100; 97th percentile among comparable filings
- Asset growth: 24.2% per year; rating input score 100; 96th percentile among comparable filings
Details
- What they do: 1 operating location identified
- Where the money goes: 69.5% of revenue deployed · 95.1% of spending went to programs
- Governance: 8 of 8 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $65.1M in reported program spending
- Leadership: top reported pay $837K · 18 people listed · 5 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $10.8M reported
- Consistency: 33 of 33 current checks pass
- Schedules: 7 filed schedules · includes major donors and executive pay
- Filing history: 9 filing years from 2016 to 2024
- Contacts: How to reach this organization
- Money network: 9 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Liabilities to assets ratio scored 18/100.
- High — Sustainability: Officer compensation ratio scored 26/100.