The Woodland Foundation

Nonprofit profile at a glance

EIN
834057982
IRS 990 coverage
2019–2024
Forms available
Form 990 2024
Location
Baton Rouge, LA, USA
Phone
2257668595
Rating
73
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Nonmonetary Support N.E.C.

Reported finances

Revenue
$869,850
Expenses
$319,369
Assets
$11,428,889
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • JOHN NAUGHTON (EXECUTIVE DIRECTOR)
  • SHERRI SACKETT (President)
  • SCOTT COCANOUGHER (President)
  • STEPHEN DAVID (President)
  • RYAN EARNEST (Vice President)

Highest reported compensation

  • JOHN NAUGHTON (EXECUTIVE DIRECTOR): $273,761 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 Foundation is organized solely and exclusively to support an advanced school of banking known as, TSBS, Inc., FID 72-0019332, and for other educational and professional purposes not inconsistent with the Foundation's status as a nonprofit Foundation under Section 501 c 3 of the Internal Revenue Code or its successor provisions. The Foundation's purpose is to accept donations and to hold and invest funds to support operation of an advanced school of banking known as TSBS, Inc., FID 72-0019332, and for other educational and professional purposes not inconsistent with the Foundation's status as a nonprofit Foundation under Section 501 c 3 of the Internal Revenue Code or its successor provisions and as more fully set forth in the Articles of Incorporation.

What it reported doing in 2024

The Foundation is organized solely and exclusively to support TSBS, Inc., FID 72-0019332, and for other educational and professional purposes not inconsistent with the Foundation's status as a nonprofit Foundation under Section 501 c 3 of the Internal Revenue Code or its successor provisions. The Foundation's purpose is to accept donations and to hold and invest funds to support operations of TSBS, Inc., FID 72-0019332, and for other educational and professional purposes not inconsistent with the Foundation's status as a nonprofit Foundation under Section 501 c 3 of the Internal Revenue Code or its successor provisions and as more fully set forth in the Articles of Incorporation.

Operating model

Revenue model
Investment-supported. 100% of the money available for current operations came from recurring investment income.
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 most voting board members are independent. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 77
  • Transparency & Controls: 55
  • Accountability: 84
  • Sustainability: 86
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 92%; rating input score 92
  • Program expense ratio: 78.3%; rating input score 78
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 91.7%; rating input score 92; 12th percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: No; rating input score 0

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 5 of 8 controls in place; rating input score 62
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 63.3%; rating input score 95; 95th percentile among comparable filings
  • Total-asset coverage ratio: 35.79; rating input score 98; 98th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 91; 91st percentile among comparable filings
  • Officer compensation ratio: 16.8%; rating input score 19; 19th percentile among comparable filings

Growth

  • Program expense growth: 37.9% per year; rating input score 100; 93rd percentile among comparable filings
  • Revenue growth: 30.4% per year; rating input score 100; 92nd percentile among comparable filings
  • Asset growth: 22.3% per year; rating input score 100; 84th percentile among comparable filings

Details

  • Where the money goes: 92% of revenue deployed · 78.3% of spending went to programs
  • Governance: 6 of 6 board members independent · 5 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $250K in reported program spending
  • Leadership: top reported pay $274K · 8 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 16 of 17 current checks pass · 1 finding to review
  • Schedules: 5 filed schedules · includes executive pay and related organizations
  • Filing history: 6 filing years from 2019 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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 — Transparency & Controls: Pay-setting controls scored 0/100.
  • Review — Accountability: Governance controls: 3 of 8 not reported.
  • High — Transparency & Controls: Related-party transparency scored 0/100.
  • Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
  • High — Sustainability: Officer compensation ratio scored 19/100.