Able Inc
Nonprofit profile at a glance
- EIN
- 411346863
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- La Crescent, MN, USA
- Phone
- 5078958111
- Rating
- 85
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Group Homes
Reported finances
- Revenue
- $5,948,685
- Expenses
- $7,119,696
- Assets
- $9,775,892
- Liabilities
- $2,376,911
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- ERIC MINOR (PRESIDENT)
- SHANNON STRENCHA (VICE PRESIDENT)
- LEE WALRAVEN (EXECUTIVE DIRECTOR)
- KRISTA COEY BERNAU (EXECUTIVE DIRECTOR - PART YEAR)
Highest reported compensation
- LEE WALRAVEN (EXECUTIVE DIRECTOR): $63,050 total reported compensation
- KRISTA COEY BERNAU (EXECUTIVE DIRECTOR - PART YEAR): $58,929 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
A b l e , inc (a brighter living experience, inc) is organized to provide residential care for developmentally disabled Minnesota residents at its residential and intermediate care facilities located in houston county, Minnesota. The organization's mission is to enhance the lives of the supported persons by promoting their uniqueness and building their self esteem and independence in a safe and comfortable environment.
What it reported doing in 2024
Provided intermediate care facilities for 16 persons served, provided in-home family support and semi-independent living for 2 supported persons, and provided adult corporate foster care for 39 persons supported.
Operating model
- Revenue model
- Earned-program. 98% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 89
- Transparency & Controls: 92
- Accountability: 95
- Sustainability: 31
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 94.3%; rating input score 94
- Fundraising efficiency: $5.08 raised per $1 spent on fundraising; rating input score 18; 18th 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: Limited
- Grant itemization coverage: Limited
- 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: 7 of 8 controls in place; rating input score 88
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -19.7%; rating input score 7; 7th percentile among comparable filings
- Total-asset coverage ratio: 1.37; rating input score 48; 48th percentile among comparable filings
- Liabilities to assets ratio: 0.24; rating input score 39; 39th percentile among comparable filings
- Officer compensation ratio: 1.7%; rating input score 77; 77th percentile among comparable filings
Growth
- Program expense growth: -0% per year; rating input score 0; 14th percentile among comparable filings
- Revenue growth: -0.7% per year; rating input score 0; 9th percentile among comparable filings
- Asset growth: 2.9% per year; rating input score 100; 23rd percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 94.3% of spending went to programs
- Governance: 8 of 8 board members independent · 7 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $6.7M in reported program spending
- Leadership: top reported pay $63K · 10 people listed
- Consistency: 30 of 30 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 2 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 — Financial Efficiency: Fundraising efficiency scored 18/100.
- High — Sustainability: Operating margin scored 7/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.
- Moderate — Sustainability: Total-asset coverage ratio scored 48/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 39/100.