World Federation of Great Towers
Nonprofit profile at a glance
- EIN
- 452727072
- IRS 990 coverage
- 2024–2024
- Forms available
- Form 990 2024, Form 990-EZ 2023
- Location
- Bloomingdale, IL, USA
- Phone
- 2242009468
- Rating
- 71
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $214,608
- Expenses
- $120,889
- Assets
- $351,820
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- Jean-Yves Ghazi (Executive Director)
Highest reported compensation
- Jean-Yves Ghazi (Executive Director): $35,000 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The Federation exists to help develop local & Intl opportunities for its members while representing their cities and operating as tourism facilities.
What it reported doing in 2024
The Federation exists to help develop local & Intl opportunities for its members while representing their cities and operating as tourism facilities. The annual conference hosted in Spain created collaboration between the many towers of the world. Exchanging ideas and opportunities is key to tourism in our world.
Operating model
- Revenue model
- Membership-supported. 72% 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.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 39
- Transparency & Controls: 100
- Accountability: 95
- Sustainability: 73
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 34.1%; rating input score 34
- Program expense ratio: 59.3%; rating input score 59
- 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: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd 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: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 43.7%; rating input score 89; 89th percentile among comparable filings
- Total-asset coverage ratio: 2.91; rating input score 68; 68th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
- Officer compensation ratio: 29%; rating input score 12; 12th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 9.2% per year; rating input score 100; 70th percentile among comparable filings
- Asset growth: 24.1% per year; rating input score 100; 88th percentile among comparable filings
Details
- Where the money goes: 34.1% of revenue deployed · 59.3% of spending went to programs
- Governance: 54 of 54 board members independent · 7 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $72K in reported program spending
- Leadership: top reported pay $35K · 9 people listed
- Consistency: 19 of 19 current checks pass
- Schedules: 1 filed schedules
- 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.
- Moderate — Financial Efficiency: Mission deployment rate scored 34/100.
- Review — Financial Efficiency: Program expense ratio scored 59/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- High — Sustainability: Officer compensation ratio scored 12/100.