Tnb Foundation
Nonprofit profile at a glance
- EIN
- 931462371
- IRS 990 coverage
- 2024–2024
- Forms available
- Form 990 2024, Form 990-N 2024
- Location
- Mercedes, TX, USA
- Phone
- 9567316821
- Rating
- 67
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Corporate Foundations
Reported finances
- Revenue
- $209,938
- Expenses
- $83,939
- Assets
- $133,514
- Liabilities
- $3,515
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- REY GARCIA (PRESIDENT)
- CLAUDIA DORBECKER (VICE PRESIDENT)
People named in this filing
- KELLYE ORTEGA (TRUSTEE)
- JOE QUIROGA (TRUSTEE)
- FELIPE CAVAZOS (TRUSTEE)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Tnb foundation is dedicated to transforming lives and strengthening communities in the rio grande valley. We focus on providing affordable housing options, fostering quality education, and nurturing small businesses. Through our programs and initiatives, we strive to create a resilient and prosperous community for all residents in the rio grande valley.
What it reported doing in 2024
Scholarships awarded and support given to students from the rio grande valley attending different colleges and universities in the USA.
Operating model
- Revenue model
- Donor-supported. 99% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 52
- Transparency & Controls: 94
- Accountability: 70
- Sustainability: 72
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 37.5%; rating input score 37
- Program expense ratio: 92.9%; rating input score 93
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 80th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 2 of 7 controls in place; rating input score 29
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- 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: 60%; rating input score 94; 94th percentile among comparable filings
- Total-asset coverage ratio: 1.59; rating input score 53; 53rd percentile among comparable filings
- Liabilities to assets ratio: 0.03; rating input score 38; 38th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 37.5% of revenue deployed · 92.9% of spending went to programs
- Governance: 5 of 5 board members independent · 2 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $78K in reported program spending
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 15 of 15 current checks pass
- Schedules: 5 filed schedules · includes major donors and grants
- 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.
- Moderate — Financial Efficiency: Mission deployment rate scored 37/100.
- High — Accountability: Governance controls: 4 of 6 not reported.
- Review — Sustainability: Total-asset coverage ratio scored 53/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 38/100.