Texas Hereford Association Foundation Inc
Nonprofit profile at a glance
- EIN
- 751812712
- IRS 990-EZ coverage
- 2014–2023
- Forms available
- Form 990-EZ 2023, Form 990-N 2013
- Location
- Fort Worth, TX, USA
- Phone
- 8178313161
- Rating
- 79
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $43,484
- Expenses
- $25,834
- Assets
- $442,726
- Liabilities
- $57,250
Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- LARRY JOHNSON (PRESIDENT)
- E C ROSSON (PRESIDENT-EL)
People named in this filing
- LARRY JOHNSON (PRESIDENT)
- SYDNEY HOWELL (SEC/TREAS TH)
- JAMES STRODE (VICE PRESIDE)
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 2023. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Promote education and research regarding the hereford breed of cattle, including youth education, livestock and scholarship programs
What it reported doing in 2023
Exhibitions, training and participant shows to educate the public and promote research regarding hereford cattle
Operating model
- Revenue model
- Donor-supported. 72% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 60% of its reported program spending out as grants.
The verdict
SUPPORTED - 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: 83
- Transparency & Controls: 82
- Sustainability: 77
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 76.6%; rating input score 77
- Program expense ratio: 92.8%; rating input score 93
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 40.6%; rating input score 87; 87th percentile among comparable filings
- Total-asset coverage ratio: 17.14; rating input score 95; 95th percentile among comparable filings
- Liabilities to assets ratio: 0.13; rating input score 17; 17th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -4.4% per year; rating input score 0; 38th percentile among comparable filings
- Revenue growth: -8.4% per year; rating input score 0; 28th percentile among comparable filings
- Asset growth: 7.3% per year; rating input score 100; 65th percentile among comparable filings
Details
- Where the money goes: 76.6% of revenue deployed · 92.8% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $24K in reported program spending
- Leadership: top reported pay $0 · 12 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 2 filed schedules
- Filing history: 10 filing years from 2014 to 2023
- Contacts: How to reach this organization
- Related organizations: Filed and resolved organization relationships.
- 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: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 17/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.