Trust Users Group Inc

Nonprofit profile at a glance

EIN
364947892
IRS 990 coverage
2019–2024
Forms available
Form 990 2024
Location
Boulder, CO, USA
Phone
6144964716
Rating confidence
Limited
Sector
Business and Industry

Official website

Reported finances

Revenue
$443,871
Expenses
$397,802
Assets
$498,732
Liabilities
$0

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

Leadership & pay

10 people listed

Executive titles in this filing

  • JEFF EUBANKS (PRESIDENT)
  • KYLE SEARCH (VICE PRESIDENT(THRU 11/24))
  • LISA PERSOHN (VICE PRESIDENT(FROM 10/24))

People named in this filing

  • JEFF EUBANKS (PRESIDENT)
  • KYLE SEARCH (VICE PRESIDENT(THRU 11/24))
  • LYN SAKAMOTO (SECRETARY)

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

Trust users group, inc. (tug) is organized to provide education, network opportunties, vendor referrals, and continuing education credit as a forum for the members of the fiduciary wealth management industry.

What it reported doing in 2024

The trust users group, inc. (tug) provides education, networking opportunities, vendor referrals, and continuing education credits for the members of the fiduciary wealth management industry. Tug provides a forum to share best practices, experience new technology, learn from users of supporting systems, and stay current on regulatory and compliance changes. There are a number of vehicles that tug provides that advance these purposes which include: conferences the primary vehicle to advance the education of individuals within the fiduciary wealth management industry is through tug conferences. These conferences are held in the spring and fall and are available for both members and nonmembers of tug. The conferences provide an opportunity to share knowledge about tax, legal and other issues that impact the industry. In addition, they serve as a means for members to network, develop relationships and exchange ideas. During calendar year 2024, tug held a spring and fall training conference.networking opportunities the network opportunities provided by tug advances education, skills, and regulatory understanding in the industry to effectively carry out fiduciary actions consistent with applicable law.monthly member calls the monthly member calls are touch points that allow members to discuss best practices, exchange information regarding new and amended regulations, provide referrals, and network with vendors (including tax, pricing, proxy, etc.), and contributes to more effective member operations within the fiduciary wealth management industry.

Operating model

Revenue model
Earned-program. 94% 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: 90
  • Accountability: 70
  • Sustainability: 60
  • Growth: 60

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; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • 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: 10.4%; rating input score 61; 61st percentile among comparable filings
  • Total-asset coverage ratio: 1.25; rating input score 47; 47th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 2.8% per year; rating input score 100; 40th percentile among comparable filings
  • Asset growth: 18.8% per year; rating input score 100; 83rd percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 8 of 8 board members independent · 2 of 7 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 10 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 5 filing years from 2019 to 2024
  • 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.

  • High — Accountability: Governance controls: 4 of 6 not reported.
  • Moderate — Sustainability: Total-asset coverage ratio scored 47/100.