Rodeo Austin

Nonprofit profile at a glance

EIN
742266672
IRS 990 coverage
2012–2024
Forms available
Form 990 2024
Location
Austin, TX, USA
Phone
5129193000
Rating
77
Verdict
SUPPORTED
Rating confidence
Moderate

Official website

Reported finances

Revenue
$19,089,092
Expenses
$14,724,084
Assets
$24,062,259
Liabilities
$1,722,896

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

Leadership & pay

78 people listed

Executive titles in this filing

  • DAUPHEN JACKSON (PRESIDENT, DIRECTOR)
  • JOE STRAUB (PRESIDENT, DIRECTOR)
  • GLEN ALAN PHILLIPS (CEO)

Highest reported compensation

  • GLEN ALAN PHILLIPS (CEO): $331,840 total reported compensation
  • JEFFEREY THAYNE (COO): $235,742 total reported compensation
  • KATHRYN BLANKINSHIP (MARKETING & SPONSORSHIP OF): $169,737 total reported compensation

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

Overview

Mission

We believe it takes grit to grow the next generation. We are rodeo austin, a not-for-profit that provides real experiences and gritty fun to raise millions for Texas kids. Since 1938, we've been a mission with a rodeo that has brought heritage and entertainment to our community. Our mission is to grow the next generation...it's in our roots!

What it reported doing in 2024

Educate the public about the agriculture and livestock production industries and preserve and promote Texas' western culture, values and heritage through the activities of the annual livestock show and rodeo.

Operating model

Revenue model
Earned-program. 85% of the money available for current operations came from fees and other program revenue.
Distribution model
Hybrid. The nonprofit split its reported program spending across 74% for direct work, and 26% for grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 64
  • Transparency & Controls: 79
  • Accountability: 95
  • Sustainability: 70
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 63%; rating input score 63
  • Program expense ratio: 83.5%; rating input score 84
  • Fundraising efficiency: $3.26 raised per $1 spent on fundraising; rating input score 12; 12th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • 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; 66th percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • 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: 22.9%; rating input score 84; 84th percentile among comparable filings
  • Total-asset coverage ratio: 1.63; rating input score 54; 54th percentile among comparable filings
  • Liabilities to assets ratio: 0.07; rating input score 79; 79th percentile among comparable filings
  • Officer compensation ratio: 5.9%; rating input score 44; 44th percentile among comparable filings

Growth

  • Program expense growth: 3.4% per year; rating input score 100; 29th percentile among comparable filings
  • Revenue growth: 6.3% per year; rating input score 100; 54th percentile among comparable filings
  • Asset growth: 10.6% per year; rating input score 100; 67th percentile among comparable filings

Details

  • Where the money goes: 63% of revenue deployed · 83.5% of spending went to programs
  • Governance: 74 of 74 board members independent · 8 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $12.3M in reported program spending
  • Leadership: top reported pay $332K · 78 people listed · 2 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $2.6M reported
  • Consistency: 37 of 37 current checks pass
  • Schedules: 10 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 12 filing years from 2012 to 2024
  • Contacts: How to reach this organization
  • Money network: 5 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.

  • High — Financial Efficiency: Fundraising efficiency scored 12/100.
  • Review — Accountability: Governance controls: Whistleblower policy not reported.
  • Review — Sustainability: Total-asset coverage ratio scored 54/100.
  • Moderate — Sustainability: Officer compensation ratio scored 44/100.