618 High Avenue Corp

Nonprofit profile at a glance

EIN
341928930
IRS 990 coverage
2019–2024
Forms available
Form 990 2024, Form 990-EZ 2018
Location
Canton, OH, USA
Phone
3304555164
Rating confidence
Limited

Reported finances

Revenue
$44,484
Expenses
$17,365
Assets
$860,264
Liabilities
$385,767

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • GARY FELGENHAUR (PRESIDENT)
  • CHAD JORDAN (VICE PRESIDENT)

Highest reported compensation

  • SEAN DIEKMANN (BUISNESS MANAGER): $98,774 total reported compensation
  • SHAWN MCCARTNEY (RECORDING SECRETARY): $90,784 total reported compensation
  • GARY FELGENHAUR (PRESIDENT): $78,415 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Support the ironworkers local 550

What it reported doing in 2024

Support the ironworkers union local 550 in its exempt purposes.

Operating model

Revenue model
Affiliate-supported. 73% of the money available for current operations came from contributions from related organizations.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 92
  • Accountability: 28
  • Sustainability: 71
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 0%; rating input score 0; 9th percentile among comparable filings
  • Governance controls: 6 of 9 controls in place; rating input score 67
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • 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: 61%; rating input score 91; 91st percentile among comparable filings
  • Total-asset coverage ratio: 49.54; rating input score 91; 91st percentile among comparable filings
  • Liabilities to assets ratio: 0.45; rating input score 11; 11th percentile among comparable filings
  • Officer compensation ratio: 315.6%; rating input score 2; 2nd percentile among comparable filings

Growth

  • Program expense growth: 6.7% per year; rating input score 100; 70th percentile among comparable filings
  • Revenue growth: -7.3% per year; rating input score 0; 37th percentile among comparable filings
  • Asset growth: 16% per year; rating input score 100; 88th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 0 of 4 board members independent · 6 of 9 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $99K · 4 people listed
  • Consistency: 12 of 12 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 5 filing years from 2019 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 2 filed related-organization links
  • 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 — Accountability: Independent voting board scored 0/100.
  • Review — Accountability: Governance controls: 3 of 9 not reported.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 2/100.
  • High — Sustainability: Liabilities to assets ratio scored 11/100.