Texas Center for Employee Ownership
Nonprofit profile at a glance
- EIN
- 853939927
- IRS 990-EZ coverage
- 2025–2025
- Forms available
- Form 990-EZ 2025, Form 990-N 2024
- Location
- Fort Worth, TX, USA
- Phone
- 8179997637
- Rating
- 80
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Business and Industry
Reported finances
- Revenue
- $87,822
- Expenses
- $120,471
- Assets
- $45,954
- Liabilities
- $2,343
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- Jennifer Krieger (President)
People named in this filing
- Jennifer Krieger (President)
- Steve Storkan (Secretary)
- Mark Russell (Treasurer)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Expanding employee ownership across Texas, empowering workers, creating jobs, and driving economic prosperity for all Texans.
What it reported doing in 2025
New Partnerships (Goal: 810): Established 32 partner connections and developed 14 formalized partnerships across Texas. Regional Events (Goal: 4): Successfully executed 3 regional events during the grant period with a fourth scheduled for early 2026. Lender & Service Provider Collaborations (Goal: 2): Secured 2 formal collaborations and new relationships were formed for future potential collaborations. Grant Applications (Goal: 12): Submitted 13 grant applications totaling $600,000. Businesses Reached: Connected with at least 132 businesses through workshops, events, and presentations, with additional unquantified reach generated through earned media in multiple markets. Employee Ownership Conversions: Directly supported 1 Employee Ownership Trust conversion; aware of at least 5 additional conversions (4 ESOPs, 1 worker cooperative). Four conversions are likely in 2026.Communications & Materials: Produced 5 professional outreach and technical materials; participated in a live television segment, multiple reporter interviews, and published op-eds, significantly expanding statewide awareness.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- 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
STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 79
- Transparency & Controls: 100
- Sustainability: 17
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 87.6%; rating input score 88
- Program expense ratio: 63.9%; rating input score 64
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -37.2%; rating input score 15; 15th percentile among comparable filings
- Total-asset coverage ratio: 0.38; rating input score 27; 27th percentile among comparable filings
- Liabilities to assets ratio: 0.05; rating input score 18; 18th percentile among comparable filings
- Officer compensation ratio: 59.5%; rating input score 2; 2nd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 87.6% of revenue deployed · 63.9% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $77K in reported program spending
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 15/100.
- High — Sustainability: Total-asset coverage ratio scored 27/100.
- High — Sustainability: Officer compensation ratio scored 2/100.
- High — Sustainability: Liabilities to assets ratio scored 18/100.