Aeris Insight Inc

Nonprofit profile at a glance

EIN
454135784
IRS 990 coverage
2014–2024
Forms available
Form 990 2024
Location
Philadelphia, PA, USA
Phone
2672335150
Rating
83
Verdict
STRONG
Rating confidence
Moderate
Sector
Urban, Community Economic Development

Official website

Reported finances

Revenue
$2,456,180
Expenses
$3,425,074
Assets
$1,122,418
Liabilities
$1,474,550

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

Leadership & pay

18 people listed

Executive titles in this filing

  • PAIGE CHAPEL (PRESIDENT & CEO)

Highest reported compensation

  • PAIGE CHAPEL (PRESIDENT & CEO): $240,902 total reported compensation
  • KAREN SEABURY (SECRETARY, DIR. RATINGS & ANALYSIS): $161,138 total reported compensation
  • DANIAH IKRAM (FINANCIAL INSITUTIONS ANALYST): $156,101 total reported compensation

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

Overview

Mission

See schedule o.aeris strives to increase the flow of capital benefiting low-income and disadvantaged people and communities by creating greater transparency and accountability among mission-driven nonprofits and enterprises. Aeris provides comprehensive, third-party analysis of community development financial institutions (cdfis) and related data and contract services that aid investors and donors in their investment decision-making. Subscribers to aeris' services use highly standardized data, ratings, and in-depth analysis of a cdfi's social impact activities and financial strength to guide investment decisions.

What it reported doing in 2024

Ratings - aeris insight, inc. Provides an independent assessment of a cdfi's impact management capacity and financial strength and performance. Aeris reports help investors confidently assess cdfis that match their social and environmental impact objectives and risk parameters and helps strengthen the financial, portfolio, and impact management of cdfis. During 2024, aeris issued ratings reports on 71 cdfis, which supported investments by 43 cdfi investors in low-income and under-served communities across the united states. As part of our ratings services, we continued to offer "programmatic ratings" through a partnership with a national trade association. Programmatic ratings support the strengthening and growth of smaller cdfi loan funds that provide financing in the most difficult to serve communities across the us.

Operating model

Revenue model
Earned-program. 86% 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: 86
  • Transparency & Controls: 79
  • Accountability: 100
  • Sustainability: 5
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 83.8%; rating input score 84
  • Fundraising efficiency: $7.1 raised per $1 spent on fundraising; rating input score 26; 26th 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: Pass
    • Independent consultant: Missing
    • 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: 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: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -39.4%; rating input score 3; 3rd percentile among comparable filings
  • Total-asset coverage ratio: 0.33; rating input score 10; 10th percentile among comparable filings
  • Liabilities to assets ratio: 1.31; rating input score 3; 3rd percentile among comparable filings
  • Officer compensation ratio: 31%; rating input score 5; 5th percentile among comparable filings

Growth

  • Program expense growth: 5.3% per year; rating input score 100; 41st percentile among comparable filings
  • Revenue growth: 4.3% per year; rating input score 100; 36th percentile among comparable filings
  • Asset growth: 6.9% per year; rating input score 100; 44th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 83.8% of spending went to programs
  • Governance: 10 of 10 board members independent · 9 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $2.9M in reported program spending
  • Leadership: top reported pay $241K · 18 people listed · 3 of 6 pay-setting controls reported
  • Consistency: 32 of 32 current checks pass
  • Schedules: 5 filed schedules · includes major donors and executive pay
  • Filing history: 11 filing years from 2014 to 2024
  • Contacts: How to reach this organization
  • Money network: 7 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 26/100.
  • High — Sustainability: Operating margin scored 3/100.
  • High — Sustainability: Total-asset coverage ratio scored 10/100.
  • High — Sustainability: Liabilities to assets ratio scored 3/100.
  • High — Sustainability: Officer compensation ratio scored 5/100.