Texas Taxpayers and Research Association
Nonprofit profile at a glance
- EIN
- 741807666
- IRS 990 coverage
- 2019–2024
- Forms available
- Form 990 2024
- Location
- Austin, TX, USA
- Phone
- 5124728838
- Rating
- 77
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $2,309,571
- Expenses
- $2,375,150
- Assets
- $1,780,155
- Liabilities
- $976,771
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
78 people listed
Executive titles in this filing
- Jennifer Rabb (President)
Highest reported compensation
- Jennifer Rabb (President): $426,676 total reported compensation
- Carl walker (Senior Analyst): $295,247 total reported compensation
- Sheryl pace (SENIOR ANALYST): $275,871 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The purposes for which the Corporation is organized are to support sound economic, fiscal and public policy in Texas, to develop a sound and equitable revenue and expenditure program for the State of Texas, to communicate that program to the public, and to support its effective presentation to the Legislature and the Executive and Administrative Departments of this State. Recognizing that various trade associations and businesses are involved in numerous issues before the Legislative and Executive Branches, the Corporation will limit its involvement in governmental matters only to those related to taxes and spending at the State budget level, to the end that the Corporation will represent the broad views of Texans believing in fiscal responsibility and economy in government and will not represent the interests of any one industry group, association, or profession.
What it reported doing in 2024
Communicate with state legislature regarding members' views on fiscal issues in state government. Total membership served is about 200 businesses and individuals.
Operating model
- Revenue model
- Membership-supported. 87% of the money available for current operations came from membership dues.
- 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. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 75
- Transparency & Controls: 72
- Accountability: 95
- Sustainability: 22
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 84.7%; rating input score 85
- Program expense ratio: 82.1%; rating input score 82
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 93.8%; rating input score 94; 20th percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- 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: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -2.8%; rating input score 25; 25th percentile among comparable filings
- Total-asset coverage ratio: 0.75; rating input score 28; 28th percentile among comparable filings
- Liabilities to assets ratio: 0.55; rating input score 19; 19th percentile among comparable filings
- Officer compensation ratio: 55.2%; rating input score 1; 1st percentile among comparable filings
Growth
- Program expense growth: 7.8% per year; rating input score 100; 54th percentile among comparable filings
- Revenue growth: 3.8% per year; rating input score 100; 33rd percentile among comparable filings
- Asset growth: 5.5% per year; rating input score 100; 37th percentile among comparable filings
Details
- Where the money goes: 84.7% of revenue deployed · 82.1% of spending went to programs
- Governance: 66 of 66 board members independent · 8 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $1.9M in reported program spending
- Leadership: top reported pay $427K · 78 people listed · 2 of 6 pay-setting controls reported
- Consistency: 33 of 34 current checks pass · 1 finding to review
- Schedules: 6 filed schedules · includes executive pay
- Filing history: 6 filing years from 2019 to 2024
- Contacts: How to reach this organization
- Money network: 5 filed money-flow records
- 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.
- High — Sustainability: Operating margin scored 25/100.
- High — Sustainability: Total-asset coverage ratio scored 28/100.
- Review — Accountability: Governance controls: Whistleblower policy not reported.
- High — Sustainability: Officer compensation ratio scored 1/100.
- Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
- High — Sustainability: Liabilities to assets ratio scored 19/100.