Tennessee Beef Industry Council Inc

Nonprofit profile at a glance

EIN
621276303
IRS 990 coverage
2011–2024
Forms available
Form 990 2024
Location
Murfreesboro, TN, USA
Rating
70
Verdict
SUPPORTED
Rating confidence
Moderate

Official website

Reported finances

Revenue
$748,489
Expenses
$848,161
Assets
$1,113,020
Liabilities
$78,048

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

Leadership & pay

13 people listed

Highest reported compensation

  • VALERIE BASS (Executive Dir.): $151,992 total reported compensation

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

Overview

Mission

Promote beef & beef products by media, promotion & advertising, trade shows, conventions & seminars

What it reported doing in 2024

To effectively maintain and build demand for beef in Tennessee, nationally, and internationally by supporting and extending state and naitonal market development programs. Thereby, assisting u.s. Beef industry participants to prosper amid growing global competition by solidifying beef's position as the worlds most prefered protein through:(1) providing information at Tennessee dietetics association covention and other health focused meetings, providing training, educational kits, and other resources to health coordinators and graduation educators, providing health food editors and profeesionals with resources about consumer beef info, create school food service opportunities for beef promotion, and ag in classroom training, info to teachers to use in classrooms to promote healthy eating habits, and county farm field days for children.(2) promote retail/food service throuth sponsor ut beef dat with radio ads and work to engage chefs and culinary schools with informative educational materials and events.(3)provide industry relations through beef days with industry and consumer groups, year end buyers cards supplies to stock yards, monitor state and national industry issues and respond to local media with current and factual info, relay loccal issues to ncba, update tbic directors and industry leaders to current issues and relay unified industry messages, and inform industry organizations and individual producers about the beef checkoff program through press releases, news letters, and annual reports.(4) work with industry partners to establish education and outreach programs using beef ambassador, masters of beef advocacy, and social media(5) participate in consumer exhibits, promotions, trade shows, and events that maxmize visibility and educaitonal opportunities for beef information.(6) host 4-6 cooking classes/demonstrations in demo kitchen for community and special groups.(7) host guest chef appearances in demo kitchen and post on website.(8) purchase and distribute consumer information and give-a-aways (recipes, cookbooks, caps, aprons, cutting boards, stickers, etc)(9) promote july beef month to highlight beef's positive role in a healthy diet

Operating model

Revenue model
Earned-program. 92% of the money available for current operations came from fees and other program 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

SUPPORTED - 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 expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 65
  • Transparency & Controls: 71
  • Accountability: 85
  • Sustainability: 29
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 76%; rating input score 76
  • Program expense ratio: 67.7%; rating input score 68
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd 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: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 92.3%; rating input score 92; 24th 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: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -13.3%; rating input score 14; 14th percentile among comparable filings
  • Total-asset coverage ratio: 1.31; rating input score 51; 51st percentile among comparable filings
  • Liabilities to assets ratio: 0.07; rating input score 47; 47th percentile among comparable filings
  • Officer compensation ratio: 17.9%; rating input score 18; 18th percentile among comparable filings

Growth

  • Program expense growth: 6% per year; rating input score 100; 47th percentile among comparable filings
  • Revenue growth: 0.2% per year; rating input score 100; 15th percentile among comparable filings
  • Asset growth: -0.5% per year; rating input score 0; 16th percentile among comparable filings

Details

  • Where the money goes: 76% of revenue deployed · 67.7% of spending went to programs
  • Governance: 12 of 13 board members independent · 6 of 8 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $152K · 13 people listed · 2 of 6 pay-setting controls reported
  • Consistency: 25 of 25 current checks pass
  • Schedules: 4 filed schedules · includes executive pay
  • Filing history: 14 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 1 filed related-organization link
  • 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: 2 of 8 not reported.
  • High — Sustainability: Operating margin scored 14/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Total-asset coverage ratio scored 51/100.
  • High — Sustainability: Officer compensation ratio scored 18/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 47/100.