FORT WORTH TARRANT COUNTY INNOVATION PARTNERSHIP

EIN: 851122123 501(c)(3) Community Improvement

FORT WORTH, TX

Total Revenue
$1,250,298
Total Expenses
$870,893
Total Assets
$726,931
Net Assets
$726,931
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
TX
Principal Officer
JARRATT WATKINS
Phone
8178783595
Tax Period
2024-01-01 to 2024-12-31

FORT WORTH TARRANT COUNTY INNOVATION PARTNERSHIP, founded in 2020, is a community nonprofit in the Community Improvement sector that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 67% from the prior year, signaling strong growth momentum. The organization ran a surplus of $379K, a strong 30% operating margin.

Mission

FORMED WITH THE SUPPORT OF TEXAS A&M FORT WORTH, THE FORT WORTH-TARRANT COUNTY INNOVATION PARTNERSHIP (FWTCIP) UNDERTAKES CHARITABLE ACTIVITIES AND LESSENS THE BURDENS OF LOCAL GOVERNMENT BY CREATING ECONOMIC OPPORTUNITY FOR THE FORT WORTH AND TARRANT COUNTY COMMUNITY BY BUILDING UPON THE EXPANDING TEXAS A&M FORT WORTH CAMPUS. FWTCIP STIMULATES ECONOMIC DEVELOPMENT, SUPPORTS STAKEHOLDER AND COMMUNITY ENGAGEMENT, AND PROVIDES REAL ESTATE DEVELOPMENT SUPPORT, IN EACH CASE, IN FURTHERANCE OF THE CREATION AND SUSTAINMENT OF AN INNOVATION DISTRICT IN DOWNTOWN FORT WORTH ANCHORED BY TEXAS A&M FORT WORTH, THAT PROMOTES ADVANCEMENT IN SCIENCE, EDUCATION, AND INDUSTRY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,250,000
Program Service Revenue $0
Investment Income $298
Other Revenue $0
TOTAL REVENUE $1,250,298

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $856,677
Other Expenses $870,893
TOTAL EXPENSES $870,893

Year-over-Year Comparison

2024 2023 Change
Revenue $1,250,298 $750,000 +0.7%
Expenses $870,893 $492,391 +0.8%
Net Income $379,405 $257,609 +0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
10
Independent Members
7
Employees
N/A
Volunteers
10

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$270,000
Total Directors
10
$270,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DARRYL HEATH INTERIM EXECUTIVE DIRECTOR 1.00
Officer Director
$180,000 $0 $180,000
NINA PETTY SENIOR ADVISOR 1.00
Officer Director
$90,000 $0 $90,000
JARRATT WATKINS SECRETARY/COUNSEL 1.00
Officer Director
$0 $0 $0
JOHN GOFF OFFICER 1.00
Officer Director
$0 $0 $0
SCOTT BAUM DIRECTOR 1.00
Director
$0 $0 $0
LAURA BIRD DIRECTOR 1.00
Director
$0 $0 $0
DAVID COOK DIRECTOR 1.00
Director
$0 $0 $0
ROBERT STURNS DIRECTOR 1.00
Director
$0 $0 $0
GK MANEUS DIRECTOR 1.00
Director
$0 $0 $0
MAEGAN SOUTH DIRECTOR 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $1,250,298 $870,893 $726,931 $379,405
2023 $750,000 $492,391 $347,526 $257,609
2022 No data $8,792 $89,917 No data
2021 No data $166,374 $98,709 No data
2020 $449,982 $184,900 $265,082 $265,082
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