The Better Business Bureau of Fort Worth and Tarrant County Inc

Nonprofit profile at a glance

EIN
750138450
IRS 990 coverage
2014–2016
Forms available
Form 990 2016
Location
Austin, TX, USA
Phone
5124454748
Rating confidence
Limited
Sector
Business and Industry

Reported finances

Revenue
$2,699,636
Expenses
$3,594,864
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2016. Amounts in USD.

Leadership & pay

25 people listed

Executive titles in this filing

  • LARRY L TAYLOR (CEO/PRESIDENT)

Highest reported compensation

  • LARRY L TAYLOR (CEO/PRESIDENT): $118,629 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2016. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Bbb's mission is to be the leader in advancing marketplace trust. Bbb accomplishes this mission by:- setting standards for marketplace trust- encouraging and supporting best practices by engaging with and educating consumers and businesses- celebrating marketplace role models- calling out and addressing substandard marketplace behavior- creating a community of trustworthy businesses and charities

What it reported doing in 2016

Collection, publication, and dissemination of information regarding the reliability of businesses. Also, each business's representations regarding quality and dependability of services and products.

Operating model

Revenue model
Earned-program. 99% of the money available for current operations came from fees and other program revenue.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 93
  • Accountability: 90
  • Sustainability: 9
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 71st percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -33.2%; rating input score 3; 3rd percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 0; 0th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 3.3%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: 15% per year; rating input score 100; 81st percentile among comparable filings
  • Revenue growth: 15.1% per year; rating input score 100; 84th percentile among comparable filings
  • Asset growth: -75.4% per year; rating input score 0; 0th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 23 of 23 board members independent · 6 of 8 filing controls reported
  • Programs: 2 filed program accomplishments
  • Leadership: top reported pay $119K · 25 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 4 filed schedules · includes grants
  • Filing history: 3 filing years from 2014 to 2016
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Related organizations: 2 filed related-organization links
  • 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 — Sustainability: Operating margin scored 3/100.
  • High — Sustainability: Total-asset coverage ratio scored 0/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Growth: Asset growth scored 0/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.