Civic Intelligence

Torch Foundation

990 • Fiscal year 2019 • EIN 20-8911377

Jan 01, 2019 to Dec 31, 2019 • Filed on Oct 21, 2020

Organization ProfileFOUNDATION.TORCHNET.ORG
3309 Forest Creek DriveRound Rock, TX 78664

(512) 873-0045

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

15th percentile

0.00x

Higher debt load relative to assets than 15% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

16th percentile

0.00x

Higher debt load relative to revenue than 16% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

94th percentile

64%

Higher net margin than 94% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

89th percentile

$194,438

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 53.4% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

49th percentile

2.7%

Faster asset growth than 49% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

32nd percentile

-3.1%

Faster revenue growth than 32% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets15th percentile

Assets

Up

$1,537,057

Up $40,333 (+2.7%) from 2018

Net Assets

Up

$1,537,019

Up $281,391 (+22%) from 2018

Liabilities

Down

$38

Down $241,058 (-100%) from 2018

Revenue And Expenses
Liabilities / Revenue16th percentileNet Margin94th percentile

Revenue

Down

$364,356

Down $11,544 (-3.1%) from 2018

Expenses

Down

$132,355

Down $295,415 (-69%) from 2018

Net Income

Up

$232,001

Up $283,871 (+547%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth49th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2011: $781,648Liabilities 2011: $358Net Assets 2011: $781,2902011Assets 2012: $828,748Liabilities 2012: $1,770Net Assets 2012: $826,9782012Assets 2013: $1,011,305Liabilities 2013: $47,887Net Assets 2013: $963,4182013Assets 2014: $1,054,292Liabilities 2014: $7,923Net Assets 2014: $1,046,3692014Assets 2015: $1,167,497Liabilities 2015: $45,188Net Assets 2015: $1,122,3092015Assets 2016: $1,133,267Liabilities 2016: $2,364Net Assets 2016: $1,130,9032016Assets 2017: $1,369,496Liabilities 2017: $11,957Net Assets 2017: $1,357,5392017Assets 2018: $1,496,724Liabilities 2018: $241,096Net Assets 2018: $1,255,6282018Assets 2019: $1,537,057Liabilities 2019: $38Net Assets 2019: $1,537,0192019Assets 2020: $1,667,260Liabilities 2020: $24,923Net Assets 2020: $1,642,3372020Assets 2021: $1,195,467Liabilities 2021: $0Net Assets 2021: $1,195,4672021Assets 2022: $1,488,186Liabilities 2022: $0Net Assets 2022: $1,488,1862022Assets 2023: $4,741,994Liabilities 2023: $2,590,613Net Assets 2023: $2,151,3812023Assets 2024: $3,981,233Liabilities 2024: $0Net Assets 2024: $3,981,2332024

Highlighted filing

2019

Assets$1,537,057
Liabilities$38
Net Assets$1,537,019
Open 2019 Filing

Operations Trend

Revenue Growth32nd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$20M$15M$10M$5.0M$0-$5.0MRevenue 2011: $668,311Expenses 2011: $391,958Net Income 2011: $276,3532011Revenue 2012: $469,716Expenses 2012: $424,028Net Income 2012: $45,6882012Revenue 2013: $323,890Expenses 2013: $187,450Net Income 2013: $136,4402013Revenue 2014: $406,305Expenses 2014: $323,354Net Income 2014: $82,9512014Revenue 2015: $345,986Expenses 2015: $270,046Net Income 2015: $75,9402015Revenue 2016: $265,456Expenses 2016: $256,862Net Income 2016: $8,5942016Revenue 2017: $549,125Expenses 2017: $322,489Net Income 2017: $226,6362017Revenue 2018: $375,900Expenses 2018: $427,770Net Income 2018: -$51,8702018Revenue 2019: $364,356Expenses 2019: $132,355Net Income 2019: $232,0012019Revenue 2020: $169,886Expenses 2020: $79,430Net Income 2020: $90,4562020Revenue 2021: $13,115Expenses 2021: $440,564Net Income 2021: -$427,4492021Revenue 2022: $1,022,293Expenses 2022: $587,039Net Income 2022: $435,2542022Revenue 2023: $5,154,691Expenses 2023: $4,553,595Net Income 2023: $601,0962023Revenue 2024: $15,311,563Expenses 2024: $13,496,776Net Income 2024: $1,814,7872024

Highlighted filing

2019

Revenue$364,356
Expenses$132,355
Net Income$232,001
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Oct 21, 2020
Return Version
2019v5.1
Gross Receipts
$364,356
Mission and Program Overview

Mission

To provide secured telecommunications

To provide secured telecommunications services to the state's rural and community hospitals.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,358,546$1,179,236▼ $179,310
Cash and Non-Interest-Bearing Accounts$63,384$357,674▲ $294,290
Accounts Receivable$74,522--
Prepaid Expenses and Deferred Charges$272$147▼ $125
Pledges and Grants Receivable$0--
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$1,496,724$1,537,057▲ $40,333
Liabilities
Grants Payable$219,340--
Accounts Payable and Accrued Expenses$21,756$38▼ $21,718
Deferred Revenue$0--
Total Liabilities$241,096$38▼ $241,058
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,255,628$1,237,019▼ $18,609
Net Assets With Donor Restrictions-$300,000-
Total Net Assets Fund Balance$1,255,628$1,537,019▲ $281,391
Total Liabilities and Net Assets / Fund Balance$1,496,724$1,537,057▲ $40,333

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$98,077$98,077
Land$0--
Compensation and Service Providers
Top Officer Pay89th percentile

Employees

NameTitleOtherTotal
Quang NgoPresident/CEO$194,438$194,438

Board Members and Trustees

NameTitle
Ted MatthewsChair
Jeff TurnerTorch Chair
Donna BoatrightVice Chair
Jeff BarnhardtDirector
Jeff LyleDirector
Quang Ngo-
Brian RolandSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$316,552
Program Service Revenue
$1,200
Investment Income
$46,604
Other Revenue
$0
All Other Contributions
$315,577
Change in Net Assets
$232,001
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$70,836
Other Expenses$61,519
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$70,836--$70,836
Fees for Services Other$37,042$9,260$0$46,302
Fees for Service Investment Mgmnt Fees$0$9,666$0$9,666
Fees for Services Accounting$2,520$630$0$3,150
Insurance$1,606$283$0$1,889
Advertising$386$96$0$482
Office Expenses$30$0$0$30
Total Functional Expenses$112,420$19,935$0$132,355
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes
Filing and Contact Details

Filer

Filer Name
Torch Foundation
EIN
20-8911377
Phone
5128730045
Address
3309 FOREST CREEK DRIVE, ROUND ROCK, TX 78664

Signing Officer

Name
Quang Ngo
Title
President/CEO
Phone
5128730045
Signed
2020-10-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Quang Ngo
Formed
1999
Legal Domicile
TX
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
25

Preparer

Firm
Allman & Associates Inc
Address
9600 Great Hills Trail Suite 150W, Austin, TX 78759
Preparer
Peter L Allman CPA
Phone
5125073022
Supplemental Narrative

Additional Explanations

Pt VI, Line 3

“The foundation has no employees and is managed by the texas organization of community and rural hospitals.”

Pt VI, Line 11B

“The board of directors is provided a copy of the form 990 prior to its filing.”

Pt VI, Line 12C

“The board members are required to disclose any potential conflicts of interest as they arise.”

Pt VI, Line 15A

“The board of directors serve as the compensation committee and sets the president/ceo's compensation annually during the budget process.”

Pt VI, Line 19

“The organization's governing documents, conflict of interest policy and financial statements are available upon request.”

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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0506796
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0264189
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0312599
IRS990ScheduleA/Total509Grp/TotalAmt01730630
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01900823
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt098077
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt098077
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt070836
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt026
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION REQUIRES REPORTING FROM SCHOLARSHIP WINNERS REGARDING THE USE OF FUNDS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt I Line 2
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IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt07327
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IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION HAS NO EMPLOYEES AND IS MANAGED BY THE TEXAS ORGANIZATION OF COMMUNITY AND RURAL HOSPITALS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS IS PROVIDED A COPY OF THE FORM 990 PRIOR TO ITS FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD MEMBERS ARE REQUIRED TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST AS THEY ARISE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS SERVE AS THE COMPENSATION COMMITTEE AND SETS THE PRESIDENT/CEO'S COMPENSATION ANNUALLY DURING THE BUDGET PROCESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 19
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IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt0TORCH
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0TX
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct00.00000
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0FOR-PROFIT
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0TORCH MANAGEMENT SERVICES INC
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfTotalIncomeAmt00
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IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0true
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0true
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0true
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0true
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01496724
IRS990/TotalAssetsEOYAmt01537057
IRS990/TotalAssetsGrp/BOYAmt01496724
IRS990/TotalAssetsGrp/EOYAmt01537057
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalContributionsAmt0316552
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0112420
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,537,057
Liabilities
$38
Net assets
$1,537,019
Revenue
$364,356
Expenses
$132,355
Net income
$232,001
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.98$0.00$3.98$15.3$13.5$1.81
2023Detailed filing. Detailed filing data is available for this year.$4.74$2.59$2.15$5.15$4.55$0.60
2022Detailed filing. Detailed filing data is available for this year.$1.49$0.00$1.49$1.02$0.59$0.44
2021Detailed filing. Detailed filing data is available for this year.$1.20$0.00$1.20$0.01$0.44$0.43
2020Detailed filing. Detailed filing data is available for this year.$1.67$0.02$1.64$0.17$0.08$0.09
2019Detailed filing. Detailed filing data is available for this year.$1.54$0.00$1.54$0.36$0.13$0.23
2018Summary only. Only limited summary data is available for this year.$1.50$0.24$1.26$0.38$0.43$0.05
2017Summary only. Only limited summary data is available for this year.$1.37$0.01$1.36$0.55$0.32$0.23
2016Summary only. Only limited summary data is available for this year.$1.13$0.00$1.13$0.27$0.26$0.01
2015Summary only. Only limited summary data is available for this year.$1.17$0.05$1.12$0.35$0.27$0.08
2014Summary only. Only limited summary data is available for this year.$1.05$0.01$1.05$0.41$0.32$0.08
2013Detailed filing. Detailed filing data is available for this year.$1.01$0.05$0.96$0.32$0.19$0.14
2012Summary only. Only limited summary data is available for this year.$0.83$0.00$0.83$0.47$0.42$0.05
2011Summary only. Only limited summary data is available for this year.$0.78$0.00$0.78$0.67$0.39$0.28