50 North

What it reported doing in 2024

The chore services provides simple household repairs for adults ages 60 and older. Some of the tasks include window washing and seasonal maintenance. 866 units of service were provided this year. Total expenses for the year were 334,101, including grants of 18,906. Program service revenue was 121,611. The mobile meals provides short term meal delivery for persons over 50 needing food delivery. Meals are delivered by volunteer drivers at the noon hour and include both a hot lunch and bag lunch for the evening. Special dietary needs can be met. A fee is charged for this service and a sliding fee scale is available. The organization also runs a senior cafe at the senior building and lunch is served monday - friday for a minimal fee. These two services are combined for financial reporting purposes. We continue to offer curbside pickup for lunch and frozen meals. 21,290 meals were provided during the year between these two services. Total expenses for the year were 699,459, including grants of 200,102. Program service revenue was 365,492. For financial reporting purposes, the guardianship program and the volunteer expenses are combined into one expense category on the books of 50 north. The guardianship program provides a guardian for persons who have been found imcompetent by the probate court. Guardians can be guardians of the estate, the person or both. They are trained to serve seniors in the community who have no one else available to help them with basic life decisions including, but not limited to, living arrangements and medical care. Volunteer expenses are expenses that relate to the recruiting or work of volunteers. There were 341 volunteers during 2024 and the hours volunteered totaled 11,314. Volunteer hours included but weren't limited to the county trustee program, helping with the senior cafe and delivering mobile meals. This expense category also includes the expenses of volunteer projects that do not fall under any other category and expenses such as small gifts or the annual dinner party to thank the volunteers. Total expenses for both the guardianship program and volunteers for the year were -0- including grants of -0- and program service revenue of -0-.

Financial Efficiency

• Mission deployment rate: 69.3%; rating input score 69
• Program expense ratio: 74.7%; rating input score 75
• Fundraising efficiency: $56.45 raised per $1 spent on fundraising; rating input score 80; 80th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: 3 of 6 controls in place; rating input score 50
  • Compensation committee: Missing
  • Independent consultant: Pass
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: 99.7%; rating input score 100; 40th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 6 of 8 controls in place; rating input score 75
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: NotApplicable
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Fail
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 7.8%; rating input score 58; 58th percentile among comparable filings
• Total-asset coverage ratio: 2.34; rating input score 67; 67th percentile among comparable filings
• Liabilities to assets ratio: 0.08; rating input score 62; 62nd percentile among comparable filings
• Officer compensation ratio: 4.9%; rating input score 54; 54th percentile among comparable filings

Growth

• Program expense growth: 9.1% per year; rating input score 100; 61st percentile among comparable filings
• Revenue growth: 8.6% per year; rating input score 100; 63rd percentile among comparable filings
• Asset growth: 10.7% per year; rating input score 100; 61st percentile among comparable filings