Assert Inc
Nonprofit profile at a glance
- EIN
- 953167201
- IRS 990 coverage
- 2020–2022
- Forms available
- Form 990 2022
- Location
- Lancaster, CA, USA
- Phone
- 6618608607
- Rating
- 76
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Human Service Organizations
Reported finances
- Revenue
- $992,751
- Expenses
- $1,073,222
- Assets
- $321,930
- Liabilities
- $81,321
Source: IRS Form 990. Selected filing: tax year 2022. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- Elisabeth Adams (President / Executive Director)
Highest reported compensation
- Joanne Festejo (Office Manager): $42,217 total reported compensation
- Elisabeth Adams (President / Executive Director): $30,602 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Provide energy efficiency services to low-income individuals and families to assist them in achieving greater economic independence.
What it reported doing in 2022
Enrolled 342 households into the Energy Savings Assistance program sponsored by the Southern California Gas Co. Established program eligibility. ASSERT's Subcontractor Reliable Energy performed the installation work. Weatherizing a total of 415 homes by installing such measures as: attic insulation, door weather stripping, fix broken windows and doors, low-flow showerheads, water saving devices, minor home repair of wall cracks, faucet aerators, caulking, air conditioner and evaporative cooler covers. Reliable also replaced 67 old furnaces with new energy efficient ones, replaced 49 leaking water heaters and repaired 9 furnaces. All of these services were provided at no cost to the customers.
Operating model
- Revenue model
- Earned-program. 100% 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
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 89
- Transparency & Controls: 90
- Accountability: 62
- Sustainability: 22
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
- 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: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 50%; rating input score 50; 11th percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- 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: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -8.1%; rating input score 20; 20th percentile among comparable filings
- Total-asset coverage ratio: 0.3; rating input score 12; 12th percentile among comparable filings
- Liabilities to assets ratio: 0.25; rating input score 29; 29th percentile among comparable filings
- Officer compensation ratio: 6.8%; rating input score 48; 48th percentile among comparable filings
Growth
- Program expense growth: -3.7% per year; rating input score 0; 12th percentile among comparable filings
- Revenue growth: -8.4% per year; rating input score 0; 4th percentile among comparable filings
- Asset growth: -17.2% per year; rating input score 0; 2nd percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: 1 of 2 board members independent · 7 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $1.1M in reported program spending
- Leadership: top reported pay $42K · 3 people listed
- Consistency: 39 of 39 current checks pass
- Schedules: 4 filed schedules
- Filing history: 3 filing years from 2020 to 2022
- Contacts: How to reach this organization
- Money network: 3 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- Review — Accountability: Independent voting board scored 50/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 20/100.
- High — Sustainability: Total-asset coverage ratio scored 12/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 29/100.
- Moderate — Sustainability: Officer compensation ratio scored 48/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.
- High — Grant Readiness: California registration: this organization is not authorized to operate as a charity in California.