Avance Inc
Nonprofit profile at a glance
- EIN
- 741769114
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- San Antonio, TX, USA
- Phone
- 2102704630
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Standard
- Sector
- Community, Neighborhood Development
Reported finances
- Revenue
- $21,375,658
- Expenses
- $20,287,721
- Assets
- $11,810,015
- Liabilities
- $1,104,588
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
29 people listed
Executive titles in this filing
- DR TERESA GRANILLO (CHIEF EXECUTIVE OFFICER)
Highest reported compensation
- DR TERESA GRANILLO (CHIEF EXECUTIVE OFFICER): $265,949 total reported compensation
- SONIA DOMINGUEZ (CHIEF OPERATIONS OFFICER): $179,843 total reported compensation
- ELIDA GONZALES (CHIEF FINANCIAL OFFICER): $155,982 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Avance creates pathways to economic mobility for predominately latino families through high quality, culturally responsive, two-generation programming that ensures school-readiness for young children and opportunities for parents to build social and economic capital.
What it reported doing in 2024
Avance parent-child education program (pcep) teaches parents how to become their child's first teacher and how to ensure that the home is the first classroom. Pcep has been implemented with thousands of the hardest-to-reach families and children for the past 52 years and has shown a great impact on parents and children. Parents who participate in pcep experience an increase in knowledge of early child development and improve parenting skills.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 94% 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.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 76
- Transparency & Controls: 84
- Accountability: 100
- Sustainability: 47
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 73.7%; rating input score 74
- Program expense ratio: 76.7%; rating input score 77
- Fundraising efficiency: $87.35 raised per $1 spent on fundraising; rating input score 83; 83rd percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Missing
- 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: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
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: 5.1%; rating input score 54; 54th percentile among comparable filings
- Total-asset coverage ratio: 0.58; rating input score 19; 19th percentile among comparable filings
- Liabilities to assets ratio: 0.09; rating input score 75; 75th percentile among comparable filings
- Officer compensation ratio: 3.7%; rating input score 62; 62nd percentile among comparable filings
Growth
- Program expense growth: 20.9% per year; rating input score 100; 90th percentile among comparable filings
- Revenue growth: 13.9% per year; rating input score 100; 85th percentile among comparable filings
- Asset growth: -4.9% per year; rating input score 0; 3rd percentile among comparable filings
Details
- Where the money goes: 73.7% of revenue deployed · 76.7% of spending went to programs
- Governance: 22 of 22 board members independent · 9 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $15.6M in reported program spending
- Leadership: top reported pay $266K · 29 people listed · 2 of 6 pay-setting controls reported
- Highest-paid contractors: 2 contractors listed · $605K reported
- Consistency: 37 of 37 current checks pass
- Schedules: 8 filed schedules · includes major donors, grants, executive pay, and related organizations
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 8 filed money-flow records
- Related organizations: 8 filed related-organization links
- 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 — Sustainability: Total-asset coverage ratio scored 19/100.
- Review — Sustainability: Operating margin scored 54/100.
- High — Growth: Asset growth scored 0/100.