Transform 1012 N Main Street

Nonprofit profile at a glance

EIN
871108041
IRS 990 coverage
2021–2024
Forms available
Form 990 2024
Location
Fort Worth, TX, USA
Phone
8176313396
Rating
65
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Community, Neighborhood Development

Official website

Reported finances

Revenue
$3,575,421
Expenses
$855,659
Assets
$5,103,120
Liabilities
$405,319

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

Leadership & pay

13 people listed

Highest reported compensation

  • CARLOS GONZALEZ-JAIME (Executive Dir.): $137,800 total reported compensation
  • GREG ROBERTSON (DIR OF DEVELOPMENT): $120,000 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To transform the former Ku Klux Klan auditorium in Fort Worth, TX, into The Fred Rouse Center for Arts and Community Healing, repurposing a monument to hate into a beacon of truth-telling, reparative justice, and liberation.

What it reported doing in 2024

In 2024, the organization continued its outreach to the community. We held 21 presentations reaching a little over two thousand community members. The most important of our programming with the largest participation were our two community conversations where we invited community members to share their thoughts about community healing with our design architects who will then incorporate these findings in designing the future Fred Rouse Center for Arts and Community Healing.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
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 - 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 a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 29
  • Transparency & Controls: 92
  • Accountability: 86
  • Sustainability: 79
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 13.4%; rating input score 13
  • Program expense ratio: 53.1%; rating input score 53
  • Fundraising efficiency: $10.6 raised per $1 spent on fundraising; rating input score 39; 39th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • 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: 6 of 9 controls in place; rating input score 67
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 76.1%; rating input score 97; 97th percentile among comparable filings
  • Total-asset coverage ratio: 5.96; rating input score 86; 86th percentile among comparable filings
  • Liabilities to assets ratio: 0.08; rating input score 63; 63rd percentile among comparable filings
  • Officer compensation ratio: 30.1%; rating input score 5; 5th percentile among comparable filings

Growth

  • Program expense growth: 73.2% per year; rating input score 100; 98th percentile among comparable filings
  • Revenue growth: 57.1% per year; rating input score 100; 98th percentile among comparable filings
  • Asset growth: 59.8% per year; rating input score 100; 98th percentile among comparable filings

Details

  • Where the money goes: 13.4% of revenue deployed · 53.1% of spending went to programs
  • Governance: 11 of 11 board members independent · 6 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $454K in reported program spending
  • Leadership: top reported pay $138K · 13 people listed
  • Highest-paid contractors: 1 contractor listed · $124K reported
  • Consistency: 28 of 28 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 4 filing years from 2021 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • 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 — Financial Efficiency: Mission deployment rate scored 13/100.
  • Review — Financial Efficiency: Program expense ratio scored 53/100.
  • Review — Accountability: Governance controls: 3 of 9 not reported.
  • Moderate — Financial Efficiency: Fundraising efficiency scored 39/100.
  • High — Sustainability: Officer compensation ratio scored 5/100.
  • High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.