Penquis Cap Inc
Overview
Mission
The mission is to assist individuals and families in preventing, reducing, or eliminating poverty in their lives, and, through partnerships, to engage the community in addressing economic and social needs.
What it reported doing in 2023
Transportation services: penquis reports lynx mobility and transportation brokerage under one department. The transportation brokerage is the single source for scheduling mainecare nonemergency transportation in penobscot, piscataquis, somerset, and kennebec counties. Lynx mobility services provides and coordinates non mainecare transportation, including transportation services to general public for treatment for cancer clients, and for individuals with disabilities. It also provides mainecare non-emergency transportation in support of the transportation brokerage.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 77% for direct work, and 23% for grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
Nonprofit profile at a glance
- EIN
- 016023748
- IRS 990 coverage
- 2009–2023
- Forms available
- Form 990 2023, Form 990-T 2023
- Headquarters
- Bangor, ME, USA
- Rating
- 88
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Human Services
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and the filing reports few safeguards for setting executive pay.
Rating breakdown
- Financial Efficiency: 92
- Transparency & Controls: 81
- Accountability: 100
- Sustainability: 43
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 94.5%; rating input score 94
- Program expense ratio: 94.5%; rating input score 95
- Fundraising efficiency: $46.45 raised per $1 spent on fundraising; rating input score 74; 74th percentile among comparable filings
Transparency & Controls
- Consistency checks: 93.8%; rating input score 94; 29th percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
- Public monitoring controls: Limited
- Public policy transparency: Limited
- Public financial transparency: Limited
- Impact reporting controls: Limited
- Public relationship transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 78th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Public governance controls: Limited
- Zakat policy transparency: Limited
Sustainability
- Operating margin: 1.1%; rating input score 42; 42nd percentile among comparable filings
- Operating reserve ratio: 0.79; rating input score 32; 32nd percentile among comparable filings
- Liabilities to assets ratio: 0.21; rating input score 69; 69th percentile among comparable filings
- Officer compensation ratio: 2.3%; rating input score 49; 49th percentile among comparable filings
Growth
- Program expense growth: 10.4% per year; rating input score 100; 76th percentile among comparable filings
- Revenue growth: 8.2% per year; rating input score 100; 69th percentile among comparable filings
- Asset growth: 11.8% per year; rating input score 100; 77th percentile among comparable filings
Details
- Where the money goes: 94.5% of revenue deployed · 94.5% of spending went to programs
- Governance: 15 of 15 board members independent · 9 of 9 filing controls reported
- Programs: 7 filed program accomplishments · $62.1M in reported program spending
- Leadership: top reported pay $284K · 23 people listed · 2 of 6 pay-setting controls reported
- Consistency: 38 of 39 current checks pass · 1 finding to review
- Schedules: 8 filed schedules · includes major donors, grants, executive pay, and related organizations
- Filing history: 15 annual filings from 2009 to 2023
- Money network: 8 filed money-flow records
- Related organizations: 18 filed related-organization links