United Way of Tarrant County

Nonprofit profile at a glance

EIN
750858360
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Fort Worth, TX, USA
Phone
8172588000
Rating
78
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Federated Giving Programs

Official website

Reported finances

Revenue
$22,907,094
Expenses
$24,231,851
Assets
$12,497,558
Liabilities
$4,755,255

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

Leadership & pay

47 people listed

Executive titles in this filing

  • LEAH MICHELLE KING (PRESIDENT & CEO)
  • REGINA RENAE WILLIAMS (INTERIM PRESIDENT AND CEO)

Highest reported compensation

  • LEAH MICHELLE KING (PRESIDENT & CEO): $240,000 total reported compensation
  • ELIZABETH ANNE WATSON (EVP & CHRO): $222,854 total reported compensation
  • CHRISTOPHER HENRY ALVARADO (VP COMMUNITY INVESTMENT): $140,888 total reported compensation

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

Overview

Mission

As a nonprofit leader, uwtc mobilizes our community to action so all can thrive. We identify critical needs, foster collaboration and invest in solutions that drive change. Our programs serve nearly 400,000 people each year.

What it reported doing in 2024

Economic recovery: the health and well-being of our community is a top priority at united way of tarrant county. The economic impact of covid-19 left large populations in need of social services and financial assistance. The volunteer income tax assistance (vita) program filed 3,809 tax returns that resulted in over $3,243,161 million in refunds. Vita clients set up over $85,710 in first-time savings accounts. United way of tarrant county was awarded a $350,000 grant in spring 2023 from the federal communications commission to conduct outreach for and help enroll eligible families in the affordable connectivity program (acp), a benefit program that helps ensure that qualifying low-income households can afford the broadband they need for work, school, healthcare and more. Four united way of tarrant county initiatives directly addressing areas of community need related to pandemic recovery received nearly $10 million in federal funding from the tarrant county commissioners court and city of fort worth in september. These funds will support four initiatives focused on addressing increasing teen gun violence, improving maternal and infant health, reducing economic disparities in 76104 and helping isolated older adults.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Cannot be determined from the filing. The program-spending lines do not add up, so the filing cannot show reliably whether the nonprofit works directly or through others.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 76
  • Transparency & Controls: 88
  • Accountability: 100
  • Sustainability: 22
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 83.4%; rating input score 83
  • Program expense ratio: 78.4%; rating input score 78
  • Fundraising efficiency: $10.34 raised per $1 spent on fundraising; rating input score 39; 39th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 94.4%; rating input score 94; 22nd percentile among comparable filings
  • Pay-setting controls: 6 of 6 controls in place; rating input score 100
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Pass
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 73.4%; rating input score 73; 15th 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; 66th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -5.8%; rating input score 15; 15th percentile among comparable filings
  • Total-asset coverage ratio: 0.52; rating input score 16; 16th percentile among comparable filings
  • Liabilities to assets ratio: 0.38; rating input score 38; 38th percentile among comparable filings
  • Officer compensation ratio: 5.4%; rating input score 47; 47th percentile among comparable filings

Growth

  • Program expense growth: -3.6% per year; rating input score 0; 4th percentile among comparable filings
  • Revenue growth: -2.3% per year; rating input score 0; 4th percentile among comparable filings
  • Asset growth: -6.2% per year; rating input score 0; 2nd percentile among comparable filings

Details

  • Where the money goes: 83.4% of revenue deployed · 78.4% of spending went to programs
  • Governance: 37 of 37 board members independent · 9 of 9 filing controls reported
  • Programs: 6 filed program accomplishments · $19M in reported program spending
  • Leadership: top reported pay $240K · 47 people listed · 6 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $1.6M reported
  • Consistency: 32 of 33 current checks pass · 1 finding to review
  • Schedules: 8 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 15 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 109 filed money-flow records
  • Related organizations: 101 filed related-organization links
  • 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: Fundraising efficiency scored 39/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 15/100.
  • High — Sustainability: Total-asset coverage ratio scored 16/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Moderate — Sustainability: Liabilities to assets ratio scored 38/100.
  • Moderate — Sustainability: Officer compensation ratio scored 47/100.