Wildlife Foundation of Florida Mitigation Trust Funds Inc

Nonprofit profile at a glance

EIN
271775845
IRS 990 coverage
2009–2018
Forms available
Form 990 2018
Location
Tallahassee, FL, USA
Phone
8504046129
Rating
59
Verdict
MIXED
Rating confidence
Moderate
Sector
Single Organization Support

Reported finances

Revenue
$197,439
Expenses
$116,633
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2018. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • ANDREW WALKER (PRESIDENT/CEO)

Highest reported compensation

  • ANDREW WALKER (PRESIDENT/CEO): $209,446 total reported compensation
  • JAMES W BRADFORD (CFO): $133,297 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2018. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The wildlife foundation of Florida mitigation trust funds, inc. Provides funding for the maintenance and land stewardship of projects established by trust or fund agreements entered into by various grantors with the organization for the protection of natural resources.

What it reported doing in 2018

Panther passage conservation bank fund - the u.s. Fish and wildlife service and a grantor have entered into the panther passage conservation bank agreement (the "conservation bank instrument"). As a condition of the conservation bank instrument and pursuant to the conservation easement of panther passage conservation bank on the property, grantor agreed and is obligated to manage and maintain the property in perpetuity to preserve the habitat and conservation values thereon for the federally-listed Florida panther and other species that are dependent on the property. As a condition of bank establishment, grantor agreed and is obligated to authorize and direct wildlife foundation of Florida mitigation trust funds to establish and maintain an interest bearing interim management account to cover costs associated with the conservation bank during the interim management period as well as to establish and maintain a separate non-wasting endowed account for the operating and maintenance of the property.

Operating model

Revenue model
Donor-supported. 64% of the money available for current operations came from contributions and gifts.
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.

The verdict

MIXED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and a relatively small share of voting board members are independent.

Rating breakdown

  • Financial Efficiency: 65
  • Transparency & Controls: 65
  • Accountability: 43
  • Sustainability: 43
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 66.9%; rating input score 67
  • Program expense ratio: 83.3%; rating input score 83
  • 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: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 33.3%; rating input score 33; 13th percentile among comparable filings
  • Governance controls: 5 of 9 controls in place; rating input score 56
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 40.9%; rating input score 91; 91st percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 53.3%; rating input score 3; 3rd percentile among comparable filings

Growth

  • Program expense growth: -5.6% per year; rating input score 0; 21st percentile among comparable filings
  • Revenue growth: 0.3% per year; rating input score 100; 33rd percentile among comparable filings
  • Asset growth: 9.9% per year; rating input score 100; 70th percentile among comparable filings

Details

  • Where the money goes: 66.9% of revenue deployed · 83.3% of spending went to programs
  • Governance: 1 of 3 board members independent · 5 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $97K in reported program spending
  • Leadership: top reported pay $209K · 5 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 11 of 11 current checks pass
  • Schedules: 7 filed schedules · includes major donors and executive pay
  • Filing history: 10 filing years from 2009 to 2018
  • Contacts: How to reach this organization
  • Related organizations: 1 filed related-organization link
  • 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 — Transparency & Controls: Pay-setting controls scored 0/100.
  • Moderate — Accountability: Independent voting board scored 33/100.
  • Review — Accountability: Governance controls: 3 of 8 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 1/100.
  • High — Sustainability: Officer compensation ratio scored 3/100.