W House Inc

Nonprofit profile at a glance

EIN
822481848
IRS 990 coverage
2022–2024
Forms available
Form 990 2024
Location
Nashville, TN, USA
Phone
6153008549
Rating
70
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Adult, Continuing Education

Reported finances

Revenue
$344,755
Expenses
$285,560
Assets
$279,285
Liabilities
$97,000

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

Leadership & pay

10 people listed

Executive titles in this filing

  • PATRICK STIEVE (PRESIDENT)

Highest reported compensation

  • MATT MORRISSEY (EXECUTIVE DI): $51,833 total reported compensation

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

Overview

Mission

W house inc. Is a nonprofit organization that runs educational programs about the wine, beer, and spirits industries with the primary goal to raise and donate money to local and national charities.

What it reported doing in 2024

Educational programs and tastings are routinely offered at our corporate office and headquarters in nashville, tn. These events are led by board/committee members and/or leading members of the spirits industries. Donations are required in order to take part in these events. We also routinely auction and/or sell rare and limited bottles of whiskey and wip tasting experiences. These tastings take place at our corporate office and headquarters and are led by board/committee members. Every summer, we host a large barbecue at our corporate office and headquarters. Guests and supporters have the opportunity to purchase pours of rare and limited spirits. We also host several open house and other events throughout the year for the community which result in significant donations. We are home to one of the leading spirits industries museums and libraries in the region. As a result, in exchange for a donation, visitors regularly come to our corporate office and headquarters to tour our collection and conduct research. We regularly meet with other organizations, charities, and local businesses regarding fundraising and related activities. We consult with these groups about how to best raise funds for local and national charities, following our model. This involves meetings, planning, recruiting others to attend/participate, and attending the organization's event to ensure it runs efficiently and ensure maximum funds are raised and collected for the charity. We also donate 2-4 tastings per month to other charitable organizations. We host those tastings at our corporate office and headquarters, and they are led by board/committee members. Each board/committee member donates approximately 20% of their time to w house endeavors. 100% of expenses are allocated to the activities outlined above.

Operating model

Revenue model
Membership-supported. 85% of the money available for current operations came from membership dues.
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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Some filing-based governance responses are negative or unanswered and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 62
  • Transparency & Controls: 92
  • Accountability: 63
  • Sustainability: 49
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 65.3%; rating input score 65
  • Program expense ratio: 78.9%; rating input score 79
  • 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: 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: 1 of 8 controls in place; rating input score 12
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 17.2%; rating input score 70; 70th percentile among comparable filings
  • Total-asset coverage ratio: 0.98; rating input score 40; 40th percentile among comparable filings
  • Liabilities to assets ratio: 0.35; rating input score 14; 14th percentile among comparable filings
  • Officer compensation ratio: 18.2%; rating input score 21; 21st percentile among comparable filings

Growth

  • Program expense growth: -0.6% per year; rating input score 0; 28th percentile among comparable filings
  • Revenue growth: 9.1% per year; rating input score 100; 69th percentile among comparable filings
  • Asset growth: 13.2% per year; rating input score 100; 74th percentile among comparable filings

Details

  • Where the money goes: 65.3% of revenue deployed · 78.9% of spending went to programs
  • Governance: 11 of 11 board members independent · 1 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $225K in reported program spending
  • Leadership: top reported pay $52K · 10 people listed
  • Consistency: 25 of 25 current checks pass
  • Schedules: 6 filed schedules · includes major donors
  • Filing history: 3 filing years from 2022 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 — Accountability: Governance controls: 6 of 7 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 40/100.
  • High — Sustainability: Liabilities to assets ratio scored 14/100.
  • High — Sustainability: Officer compensation ratio scored 21/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.