The Werx in Mckinney Inc
Nonprofit profile at a glance
- EIN
- 472494892
- IRS 990-EZ coverage
- 2014–2015
- Forms available
- Form 990-EZ 2015
- Location
- Mckinney, TX, USA
- Rating
- 65
- Verdict
- SUPPORTED
- Rating confidence
- Limited
- Sector
- Small Business Development
Reported finances
- Revenue
- $147,000
- Expenses
- $147,000
- Assets
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2015. Amounts in USD.
Leadership & pay
6 people listed
People named in this filing
- CHRISTINE SMITH (EXECUTIVE DI)
- JOHN VALENCIA (BOARD MEMBER)
- MARK COTTAM (CO-CHAIRMAN/)
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 2015. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The werx is a collaborative shared workspace, and business center for start-ups and entrepreneurs that offers a unique atmosphere and eco-system of resources and coolness dedicated desk plans are reserved for technology start-ups. The accepted residents share an open working space with dedicated desks and shared free amenities. The werx foundation, inc. Has also been established to allow for our corporate and community partners to contribute donations to help grow and build the entrepreneurial community for years to come.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Transfer-based 990-EZ. The 990-EZ reports grants or member benefits, but it does not separate enough spending to show the nonprofit’s full delivery mix.
The verdict
SUPPORTED - 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: 62
- Transparency & Controls: 82
- Sustainability: 24
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 0%; rating input score 34; 34th 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: 0%; rating input score 65; 65th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 100% of revenue deployed
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 3 of 3 current checks pass
- Schedules: 1 filed schedules
- Filing history: 2 filing years from 2014 to 2015
- Contacts: How to reach this organization
- 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.
- Moderate — Sustainability: Operating margin scored 34/100.
- High — Sustainability: Total-asset coverage ratio scored 0/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.