Wtc Support Corp

Nonprofit profile at a glance

EIN
851832473
IRS 990 coverage
2020–2024
Forms available
Form 990 2024, Form 990-EZ 2020
Location
Big Spring, TX, USA
Phone
4322644219
Rating
49
Verdict
MIXED
Rating confidence
Moderate
Sector
Single Organization Support

Reported finances

Revenue
$41,832
Expenses
$4,275
Assets
$4,359,007
Liabilities
$0

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

Leadership & pay

3 people listed

People named in this filing

  • Van York (Chair)
  • Jessie Campbell (Treasurer)
  • Guy White (Secretary)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

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

Overview

Mission

To perform the functions of or to carry out the purposes of west texascenters for mhmr, a unit of local government established pursuant tothe requirements of chapter 534 of the Texas health and safety code.

What it reported doing in 2024

Organization was created for the benefit of and to perform the functions of or to carry out the purposes of west Texas centers for mhmr. The organization received grant proceeds from west Texas centers for mhmr and made a leverage loan to twain investment fund 441, llc to facilitate the new markets tax credit financing to west Texas centers for mhmr.the organization was formed to support and carry out the charitable purposes of west Texas centers for mhmr, a unit of local government established under chapter 534 of the Texas health and safety code. In prior years, the organization participated in a new markets tax credit financing structure by making a leverage loan to facilitate financing for facilities benefiting west Texas centers for mhmr. During the current year, the organization continued to hold and manage assets dedicated to supporting the exempt purposes of west Texas centers for mhmr. Investment income earned on these assets is retained to further the organizations exempt purpose and to provide ongoing financial support for west Texas centers for mhmr.the leverage loan described in part iii was established in prior years as part of a new markets tax credit financing structure benefiting west Texas centers for mhmr. During the current tax year, no new financing transactions were undertaken. The organization continued to hold and administer the related assets and investments in furtherance of its exempt purpose. The investment income reported on form 990 represents earnings on these assets.

Operating model

Revenue model
Investment-supported. 100% of the money available for current operations came from recurring investment income.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

MIXED - 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: 0
  • Transparency & Controls: 90
  • Accountability: 82
  • Sustainability: 90
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • 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: 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; 64th percentile among comparable filings
  • Governance controls: 4 of 7 controls in place; rating input score 57
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • 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: Pass

Sustainability

  • Operating margin: 89.8%; rating input score 98; 98th percentile among comparable filings
  • Total-asset coverage ratio: 1,019.65; rating input score 99; 99th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 60; 60th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: -95.2% per year; rating input score 0; 4th percentile among comparable filings
  • Asset growth: 0.8% per year; rating input score 100; 45th percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: 3 of 3 board members independent · 4 of 7 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 11 of 11 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 5 filing years from 2020 to 2024
  • 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 — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • Review — Accountability: Governance controls: 3 of 7 not reported.
  • High — Growth: Revenue growth scored 0/100.