Terra Roots Foundation
Nonprofit profile at a glance
- EIN
- 202653347
- IRS 990-EZ coverage
- 2012–2012
- Forms available
- Form 990 2011, Form 990-EZ 2012
- Location
- Seattle, WA, USA
- Phone
- 3603193249
- Rating
- 77
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Arts, Cultural Organizations - Multipurpose
Reported finances
- Revenue
- $37,546
- Expenses
- $29,274
- Assets
- $4,051
Source: IRS Form 990-EZ. Selected filing: tax year 2012. Amounts in USD.
Leadership & pay
9 people listed
Source: IRS Form 990-EZ. Selected filing: tax year 2012. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To create and promote a contemporary artistic discourse as part and parcel of the greater modern sensibility. We cultivate community and a sustainable future by supporting Northwest arts.
What it reported doing in 2012
The Organization transferred the management of the Summer Meltdown music festival to another entity, Summer Meltdown, prior to the event occuring. This transfer included the transfer of event related assets. The only activity conducted by the Organization in 2012 was the operation of a Beer Garden at the music festival.
Operating model
- Revenue model
- Other-operating. 93% 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
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 84
- Transparency & Controls: 82
- Sustainability: 41
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 82.6%; rating input score 83
- Program expense ratio: 86.7%; rating input score 87
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 22%; rating input score 79; 79th percentile among comparable filings
- Total-asset coverage ratio: 0.14; rating input score 12; 12th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: Limited
Growth
- Program expense growth: Limited
- Revenue growth: -65.2% per year; rating input score 0; 8th percentile among comparable filings
- Asset growth: -65% per year; rating input score 0; 6th percentile among comparable filings
Details
- Where the money goes: 82.6% of revenue deployed · 86.7% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $25K in reported program spending
- Leadership: top reported pay $0 · 9 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 3 filed schedules
- 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 — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 12/100.
- High — Growth: Asset growth scored 0/100.