One Man's Treasure

Nonprofit profile at a glance

EIN
461866831
IRS 990 coverage
2017–2024
Forms available
Form 990 2024
Location
Rockwall, TX, USA
Phone
9727714141
Rating
84
Verdict
STRONG
Rating confidence
Moderate
Sector
Half-Way House for Offenders, Ex-Offenders

Reported finances

Revenue
$2,023,507
Expenses
$1,316,640
Assets
$1,621,073
Liabilities
$40,286

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

Leadership & pay

12 people listed

Executive titles in this filing

  • MATT BOMBERGER (V PRESIDENT/)
  • THOMAS DOOLEY (PRESIDENT/DI)

Highest reported compensation

  • DR ALAN RAINES (EXECUTIVE DI): $100,044 total reported compensation
  • DORIS ANNETTE JENKINS (DIR OF PROG): $58,554 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

One man's treasure seeks to empower men recently released from a men's Texas state prison to the dallas, fort worth and east Texas area by providing them with clothing and opportunities for networking.

What it reported doing in 2024

One man's treasure (omt) seeks to empower men recently released from prison by providing them with clothing and opportunities for networking. Omt works with other nonprofits, transition homes and the Texas department of criminal justice to identify men in need, we seek to help them successfully transition into their communities, and reunite with their families, while demonstrating god's love and the care and concern of the community for each of the men during this time of transition. In 2024, omt provided clothing and shoes for 2,912 men leaving incarceration and relocating to the dallas, fort worth and tyler areas.

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 72% of its reported program spending out as grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 74
  • Transparency & Controls: 94
  • Accountability: 90
  • Sustainability: 66
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 59.6%; rating input score 60
  • Program expense ratio: 91.7%; rating input score 92
  • Fundraising efficiency: $116.16 raised per $1 spent on fundraising; rating input score 88; 88th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 34.9%; rating input score 87; 87th percentile among comparable filings
  • Total-asset coverage ratio: 1.23; rating input score 44; 44th percentile among comparable filings
  • Liabilities to assets ratio: 0.02; rating input score 78; 78th percentile among comparable filings
  • Officer compensation ratio: 12%; rating input score 24; 24th percentile among comparable filings

Growth

  • Program expense growth: 31.5% per year; rating input score 100; 93rd percentile among comparable filings
  • Revenue growth: 34.4% per year; rating input score 100; 95th percentile among comparable filings
  • Asset growth: 37.5% per year; rating input score 100; 96th percentile among comparable filings

Details

  • Where the money goes: 59.6% of revenue deployed · 91.7% of spending went to programs
  • Governance: 9 of 9 board members independent · 6 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $1.2M in reported program spending
  • Leadership: top reported pay $100K · 12 people listed
  • Consistency: 30 of 30 current checks pass
  • Schedules: 7 filed schedules · includes major donors and grants
  • Filing history: 7 filing years from 2017 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • 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 — Accountability: Governance controls: Independent financial-statement audit not reported.
  • Moderate — Sustainability: Total-asset coverage ratio scored 44/100.
  • High — Sustainability: Officer compensation ratio scored 24/100.