1040 Connections Inc

Nonprofit profile at a glance

EIN
621825230
IRS 990 coverage
2020–2023
Forms available
Form 990 2023
Location
Chattanooga, TN, USA
Rating
81
Verdict
STRONG
Rating confidence
Moderate
Sector
Christianity
Affiliation
Christianity

Official website

Reported finances

Revenue
$481,377
Expenses
$556,334
Assets
$2,122,874
Liabilities
$22,997

Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • CHAD SEGRAVES (VICE PRESIDENT AND EXEC DIREC)
  • LESLIE SEGRAVES (PRESIDENT)

Highest reported compensation

  • CHAD SEGRAVES (VICE PRESIDENT AND EXEC DIREC): $74,065 total reported compensation
  • LESLIE SEGRAVES (PRESIDENT): $63,727 total reported compensation
  • JINNA NEAL (TREASURER AND DIRECTOR): $33,540 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

We proclaim the gospel to the end of the earth by defending life and multiplying servant leaders in order to catalyze disciple making movements

What it reported doing in 2023

Developing leaders - 10/40 connections provides relevant and practical theological instruction which inpacts the whole person and the whole community. Our ummeed project developed 1,570 leaders through 36 seminars in multiple states of india. In another nation, with 9 teachers and 23 classes, our adult literacy programs helped 180+ people learn to read and write. We hosted 2 conferences in 2 nations with over 200 leaders.our teaching curriculum was translated into 4 languages and is now spreading through networks. For those who want to understand more about how to have a clean heart and not just do good deeds, we are happy to share some good news.while most religions attempt to help people become better people or please god, we have found that jesus christ actually makes it possible. After he lived a perfect life without one wrong word, deed, thought or motive, jesus allowed himself to die on the cross to pay the penalty for the wrong things people do.(cont. Sch o7)

Operating model

Revenue model
Donor-supported. 94% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 44% for direct work, and 56% for grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 89
  • Transparency & Controls: 80
  • Accountability: 73
  • Sustainability: 37
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 99.1%; rating input score 99
  • Program expense ratio: 85.7%; rating input score 86
  • Fundraising efficiency: $15.24 raised per $1 spent on fundraising; rating input score 51; 51st percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: 2 of 8 controls in place; rating input score 25
    • Claims monitoring procedures: Pass
    • Requires narrative reports: Fail
    • Conducts field audits: Fail
    • May suspend future funding: Fail
    • Requires financial reports: Fail
    • Conducts site visits: Pass
    • Requires grant agreements: Fail
    • May require repayment: Fail
  • Grant itemization coverage: 100%; rating input score 100; 81st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 62.5%; rating input score 62; 17th percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -15.6%; rating input score 19; 19th percentile among comparable filings
  • Total-asset coverage ratio: 3.82; rating input score 74; 74th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 47; 47th percentile among comparable filings
  • Officer compensation ratio: 30.8%; rating input score 10; 10th percentile among comparable filings

Growth

  • Program expense growth: 16.2% per year; rating input score 100; 79th percentile among comparable filings
  • Revenue growth: 13.4% per year; rating input score 100; 79th percentile among comparable filings
  • Asset growth: 29.4% per year; rating input score 100; 91st percentile among comparable filings

Details

  • Where the money goes: 99.1% of revenue deployed · 85.7% of spending went to programs
  • Governance: 5 of 8 board members independent · 8 of 9 filing controls reported
  • Programs: 16 filed program accomplishments · $477K in reported program spending
  • Leadership: top reported pay $74K · 8 people listed
  • Consistency: 33 of 33 current checks pass
  • Schedules: 7 filed schedules · includes major donors and foreign activity
  • Filing history: 4 filing years from 2020 to 2023
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • 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: Foreign activity oversight: 6 of 8 not reported.
  • Review — Financial Efficiency: Fundraising efficiency scored 51/100.
  • High — Sustainability: Operating margin scored 19/100.
  • Review — Accountability: Governance controls: Form 990 shared with the board not reported.
  • High — Sustainability: Officer compensation ratio scored 10/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 47/100.