Watt Avenue Partnership

Nonprofit profile at a glance

EIN
465085390
IRS 990 coverage
2016–2024
Forms available
Form 990 2024, Form 990-N 2015
Location
North Highlands, CA, USA
Phone
9164955599
Rating confidence
Limited
Sector
Community, Neighborhood Development

Official website

Reported finances

Revenue
$650,801
Expenses
$623,534
Assets
$471,089
Liabilities
$188

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

Leadership & pay

8 people listed

Executive titles in this filing

  • JHASON WINT (EXECUTIVE DIRECTOR)

Highest reported compensation

  • JHASON WINT (EXECUTIVE DIRECTOR): $135,551 total reported compensation

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

Overview

Mission

A coalition of property and business owners approved and formed the watt avenue business improvement district (pbid) to provide services that specially benefit parcels in the business district of the watt avenue corridor. The purpose of the pbid is to provide services and activities through clean, safe and economic enhancements that are above and beyond what the city and county currently provides. The watt avenue partnership (partnership) is designed to improve the cleanliness and safety of each individual parcel within the district, to increase building occupancy and lease rates, to encourage new business development and attract ancillary businesses and services for parcels within the district.

What it reported doing in 2024

The pbid uses a combination of professional staff and volunteers to properly manage programs, communicate with stakeholders and provide leadership. The management team is responsible for providing the day-to-day operations of the pbid. Additional administrative costs include; accounting and annual financial reviews, insurance, program support costs including supplies, equipment and rent, and other administration costs associated with the overhead and administrative support of programs.the budget includes a contingency reserve, which also covers dollars to use for the 'renewal of the pbid in 2030.' the contingency budget provides stability to buffer the organization from unexpected changes in revenue and the costs of renewing the pbid.

Operating model

Revenue model
Earned-program. 99% 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: 84
  • Sustainability: 44
  • 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; 63rd 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: 5 of 8 controls in place; rating input score 62
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 4.2%; rating input score 48; 48th percentile among comparable filings
  • Total-asset coverage ratio: 0.76; rating input score 34; 34th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 81; 81st percentile among comparable filings
  • Officer compensation ratio: 21.7%; rating input score 13; 13th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 6.1% per year; rating input score 100; 49th percentile among comparable filings
  • Asset growth: 17.6% per year; rating input score 100; 77th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 7 of 7 board members independent · 5 of 8 filing controls reported
  • Programs: 4 filed program accomplishments
  • Leadership: top reported pay $136K · 8 people listed
  • Highest-paid contractors: 1 contractor listed · $336K reported
  • Consistency: 8 of 8 current checks pass
  • Schedules: 1 filed schedules
  • Filing history: 8 filing years from 2016 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.

  • Review — Accountability: Governance controls: 2 of 7 not reported.
  • Moderate — Sustainability: Operating margin scored 48/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 34/100.
  • High — Sustainability: Officer compensation ratio scored 13/100.