Texas Golden Gloves Athletic Association

Nonprofit profile at a glance

EIN: 750604599
IRS 990-EZ coverage: 2013–2020
Forms available: Form 990-EZ 2020
Location: Fort Worth, TX, USA
Phone: 8173361313
Rating: 84
Verdict: STRONG
Rating confidence: Moderate
Sector: Amateur Sports

Reported finances

Revenue: $66,124
Expenses: $82,849
Assets: $161,368
Liabilities: $72,141

Source: IRS Form 990-EZ. Selected filing: tax year 2020. Amounts in USD.

Leadership & pay

2 people listed

Executive titles in this filing

MONICA BASAN (PRESIDENT)

People named in this filing

MONICA BASAN (PRESIDENT)
MARIA BASAN (TREASURER/SE)

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 2020. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Amateur boxing tournaments, both regional and state, held in conjunction with the national golden gloves organization

Operating model

Revenue model: Earned-program. 94% 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 80% for direct work, and 20% for grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and revenue has declined or grown slowly.

Rating breakdown

Financial Efficiency: 100
Transparency & Controls: 82
Sustainability: 31
Growth: 0

Detailed rating inputs

Financial Efficiency

Mission deployment rate: 100%; rating input score 100
Program expense ratio: 100%; rating input score 100

Transparency & Controls

Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
Major donor itemization: Limited

Sustainability

Operating margin: -25.3%; rating input score 27; 27th percentile among comparable filings
Total-asset coverage ratio: 1.95; rating input score 53; 53rd percentile among comparable filings
Liabilities to assets ratio: 0.45; rating input score 12; 12th percentile among comparable filings
Officer compensation ratio: 12.6%; rating input score 10; 10th percentile among comparable filings

Growth

Program expense growth: -6.7% per year; rating input score 0; 43rd percentile among comparable filings
Revenue growth: -8.1% per year; rating input score 0; 38th percentile among comparable filings
Asset growth: -2.4% per year; rating input score 0; 30th percentile among comparable filings

Details

Where the money goes: 100% of revenue deployed · 100% of spending went to programs
Governance: Filed governance answers
Accomplishments: 1 filed program accomplishment · $83K in reported program spending
Leadership: top reported pay $0 · 2 people listed
Consistency: 8 of 8 current checks pass
Schedules: 2 filed schedules
Filing history: 8 filing years from 2013 to 2020
Contacts: How to reach this organization
Money network: 2 filed money-flow records
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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

High — Growth: Program expense growth scored 0/100.
High — Growth: Revenue growth scored 0/100.
High — Sustainability: Operating margin scored 27/100.
High — Growth: Asset growth scored 0/100.
Review — Sustainability: Total-asset coverage ratio scored 53/100.
High — Sustainability: Officer compensation ratio scored 10/100.
High — Sustainability: Liabilities to assets ratio scored 12/100.
High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.