Absolutely Aberdeen Inc
Nonprofit profile at a glance
- EIN
- 522424588
- IRS 990 coverage
- 2010–2014
- Forms available
- Form 990 2014
- Location
- Aberdeen, SD, USA
- Phone
- 6052252860
- Rating confidence
- Limited
- Sector
- Chambers of Commerce & Business Leagues
Reported finances
- Revenue
- $113,707
- Expenses
- $162,150
- Assets
- $39,137
- Liabilities
- $115,000
Source: IRS Form 990. Selected filing: tax year 2014. Amounts in USD.
Leadership & pay
28 people listed
Executive titles in this filing
- James Groft (President)
- Joe Senger (Immediate Past President)
- Mike Williams (Vice President)
- Julie Johnson (Executive Director)
Highest reported compensation
- Julie Johnson (Executive Director): $66,664 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2014. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To accelerate the growth of Aberdeen and the region.
What it reported doing in 2014
Promoted region building, and gave life to "Prairie Vision", the regional development arm of Absolutely Aberdeen. Strategically positioned Aberdeen and the region (i.e. got us a seat at the table) in various venues, including Sioux Falls and others, which have been essential for our future.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- 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: 63
- Sustainability: 8
- Growth: 0
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: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 1 of 8 controls in place; rating input score 12
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -42.6%; rating input score 6; 6th percentile among comparable filings
- Total-asset coverage ratio: 0.24; rating input score 14; 14th percentile among comparable filings
- Liabilities to assets ratio: 2.94; rating input score 1; 1st percentile among comparable filings
- Officer compensation ratio: 41.1%; rating input score 5; 5th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -18.1% per year; rating input score 0; 8th percentile among comparable filings
- Asset growth: -41.4% per year; rating input score 0; 3rd percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 27 of 27 board members independent · 1 of 8 filing controls reported
- Programs: 3 filed program accomplishments
- Leadership: top reported pay $67K · 28 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Filing history: 5 filing years from 2010 to 2014
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Accountability: Governance controls: 6 of 7 not reported.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 6/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 14/100.
- High — Sustainability: Liabilities to assets ratio scored 1/100.
- High — Sustainability: Officer compensation ratio scored 5/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.