Valley-wide Foundation Inc

Nonprofit profile at a glance

EIN
993325347
IRS 990 coverage
2024–2024
Forms available
Form 990 2024
Location
Alamosa, CO, USA
Phone
7195871083
Rating confidence
Limited
Sector
Single Organization Support

Reported finances

Revenue
$0
Expenses
$51,165
Assets
$14,250,936
Liabilities
$11,525,710

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

Leadership & pay

5 people listed

Highest reported compensation

  • HELMS LARRY (VICE CHAIR): $181,032 total reported compensation
  • JAVIER MARTINEZ (BOARD CHAIR): $167,280 total reported compensation
  • ATENCIO MARISA (SECRETARY): $151,005 total reported compensation

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

Overview

Mission

Valley-wide foundation, inc. Holds property for affiliated tax exempt organizatons for better management of resources.

What it reported doing in 2024

Valley-wide foundation (the "foundation") is a supporting organization formed to hold assets and financing arrangements on behalf of valley-wide health services. During the fiscal year ended june 30, 2025, the foundation participated in a new market tax credit (nmtc) financing transaction related to the renovation and operation of the 702 4th street clinic. The nmtc program promotes investment in qualifying low-income communities by allowing community development entities to provide capital to projects at favorable, below-market terms.in connection with this financing, the foundation entered into a long-term loan arrangement and issued a corresponding below-market note receivable to a third-party entity (continued on schedule o)(continued) as part of the nmtc leverage structure. The foundation's role is limited to holding and administering this financing as a supporting organization; it does not operate the clinic or earn nmtcs directly. The operating activities and compliance obligations of the project are carried out by valley-wide health services.

Operating model

Revenue model
No positive adjusted resources. The filing reports no positive adjusted operating resources.
Distribution model
No current program activity. The filing reports no program spending for the current year.

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: 0
  • Transparency & Controls: 60
  • Accountability: 60
  • Sustainability: 30
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: 0%; rating input score 0
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd 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: Limited

Accountability

  • Independent voting board: 40%; rating input score 40; 19th percentile among comparable filings
  • Governance controls: 7 of 8 controls in place; rating input score 88
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • 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: Limited
  • Total-asset coverage ratio: 278.53; rating input score 98; 98th percentile among comparable filings
  • Liabilities to assets ratio: 0.81; rating input score 8; 8th percentile among comparable filings
  • Officer compensation ratio: 159.1%; rating input score 3; 3rd percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 0% of spending went to programs
  • Governance: 2 of 5 board members independent · 7 of 8 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $181K · 5 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 15 of 15 current checks pass
  • Schedules: 5 filed schedules · includes executive pay
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 2 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.

  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Moderate — Accountability: Independent voting board scored 40/100.
  • High — Sustainability: Officer compensation ratio scored 3/100.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • High — Sustainability: Liabilities to assets ratio scored 8/100.