Aspire Developmental Services Inc

Nonprofit profile at a glance

EIN: 042204289
IRS 990 coverage: 2010–2024
Forms available: Form 990 2024
Location: Lynn, MA, USA
Phone: 7815932727
Rating: 81
Verdict: STRONG
Rating confidence: Standard
Sector: Birth Defects and Genetic Diseases

Official website

Reported finances

Revenue: $12,406,323
Expenses: $11,250,457
Assets: $8,562,577
Liabilities: $3,331,518

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

Leadership & pay

16 people listed

Highest reported compensation

KIMBERLY A MCCARTHY (OPERATIONS DIRECTOR): $185,004 total reported compensation
CHRISTINE E BROWN (PROGRAM DIRECTOR): $175,291 total reported compensation

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

Overview

Mission

To provide services to people with disabilities

What it reported doing in 2024

Provides family centered home based services to facilitate the developmental progress of children. This program is available to eligible children, birth to three years of age, who have or are at risk for developmental disabilities due to established biological or environmental factors. These services are provided in the childs natural environment. Additionally, aspire early support provides services and support to pregnant and postpartum women living in lynn and salem, Massachusetts and the surrounding communities who have social and environmental risk factors. The goal of the program is to reduce infant mortality by early indentification of maternal and infant risk and providing linkages to services and support in the community to prevent poor health and/or developmental outcomes.

Operating model

Revenue model: Earned-program. 94% 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 most voting board members are independent. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

Financial Efficiency: 86
Transparency & Controls: 65
Accountability: 100
Sustainability: 47
Growth: 100

Detailed rating inputs

Financial Efficiency

Mission deployment rate: 81.8%; rating input score 82
Program expense ratio: 90.6%; rating input score 91
Fundraising efficiency: $280.06 raised per $1 spent on fundraising; rating input score 92; 92nd percentile among comparable filings

Transparency & Controls

Consistency checks: 93.8%; rating input score 94; 17th percentile among comparable filings
Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
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; 66th 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: 9.3%; rating input score 66; 66th percentile among comparable filings
Total-asset coverage ratio: 0.76; rating input score 27; 27th percentile among comparable filings
Liabilities to assets ratio: 0.39; rating input score 38; 38th percentile among comparable filings
Officer compensation ratio: 7.6%; rating input score 32; 32nd percentile among comparable filings

Growth

Program expense growth: 6.8% per year; rating input score 100; 54th percentile among comparable filings
Revenue growth: 8.2% per year; rating input score 100; 66th percentile among comparable filings
Asset growth: 10.4% per year; rating input score 100; 66th percentile among comparable filings

Details

Where the money goes: 81.8% of revenue deployed · 90.6% of spending went to programs
Governance: 11 of 11 board members independent · 9 of 9 filing controls reported
Programs: 2 filed program accomplishments · $10.2M in reported program spending
Leadership: top reported pay $228K · 16 people listed · 0 of 6 pay-setting controls reported
Consistency: 32 of 33 current checks pass · 1 finding to review
Schedules: 7 filed schedules · includes major donors and executive pay
Filing history: 14 filing years from 2010 to 2024
Contacts: How to reach this organization
Money network: 5 filed money-flow records
Related organizations: 1 filed related-organization link
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.
Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

High — Transparency & Controls: Pay-setting controls scored 0/100.
High — Sustainability: Total-asset coverage ratio scored 27/100.
Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
Moderate — Sustainability: Officer compensation ratio scored 32/100.
Moderate — Sustainability: Liabilities to assets ratio scored 38/100.