Solid Foundation Association
Nonprofit profile at a glance
- EIN
- 752784327
- IRS 990 coverage
- 2023–2024
- Forms available
- Form 990 2024, Form 990-EZ 2023
- Location
- Nacogdoches, TX, USA
- Phone
- 9365597818
- Rating
- 69
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Education N.E.C.
Reported finances
- Revenue
- $87,271
- Expenses
- $112,729
- Assets
- $176,765
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
14 people listed
Executive titles in this filing
- JOHN B CANNINGS (CEO)
People named in this filing
- JACKIE BADDERS (DIRECTOR)
- JOHN B CANNINGS (CEO)
- DR VERONICA CHIMNEY (SECRETARY)
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
Solid foundation association emphasizes personal responsibility and action as parallel roads to freedom. We attempt to disrupt the destructive cycle of poverty through education, spiritual and personal development. Through our committed staff, trusted volunteers, mentor core group, community partners, prayer warriors, and dedicated tutors - we form a weapon against ignorance, poor self esteem, and poor school performance to reposition our students for success and give them a hope for the future.
What it reported doing in 2024
Solid foundation serves approximately 200 students weekly in its main location, diversity center, and four satellite community centers, experiencing about 65% success rate. Through the 18-19 school year, solid foundation in collaboration with nisd and with sfasu stems program targeted under-achieving students who demonstrated a high potential for competing in the science and math fields in grades 6-12 with gpa's of 2.5 or less. This was accomplished through highly promoted parent/teacher/counselor collaboration agreements encouraging students that fall into this category to attend the solid foundation after school program.
Operating model
- Revenue model
- Affiliate-supported. 60% of the money available for current operations came from contributions from related organizations.
- 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
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 89
- Transparency & Controls: 92
- Accountability: 6
- Sustainability: 41
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
- Fundraising efficiency: Limited
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: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 0%; rating input score 0; 9th percentile among comparable filings
- Governance controls: 1 of 7 controls in place; rating input score 14
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -29.2%; rating input score 36; 36th percentile among comparable filings
- Total-asset coverage ratio: 1.57; rating input score 31; 31st percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 60; 60th percentile among comparable filings
Growth
- Program expense growth: -23.3% per year; rating input score 0; 15th percentile among comparable filings
- Revenue growth: 8.8% per year; rating input score 100; 85th percentile among comparable filings
- Asset growth: 14.1% per year; rating input score 100; 86th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: 0 of 13 board members independent · 1 of 7 filing controls reported
- Programs: 2 filed program accomplishments · $113K in reported program spending
- Leadership: top reported pay $0 · 14 people listed
- Consistency: 23 of 23 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 2 filing years from 2023 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- 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 — Accountability: Independent voting board scored 0/100.
- High — Accountability: Governance controls: 5 of 6 not reported.
- High — Growth: Program expense growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 36/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 31/100.