Burke Centre Conservancy
Nonprofit profile at a glance
- EIN
- 541044046
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Burke, VA, USA
- Phone
- 7039782928
- Rating
- 75
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $7,391,341
- Expenses
- $6,782,797
- Assets
- $15,264,492
- Liabilities
- $852,762
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- MARC FLASTER (PRESIDENT)
Highest reported compensation
- PATRICK M GLOYD (EXECUTIVE DI): $212,998 total reported compensation
- JEANNIE A WINSLOW (DIR OF ADMIN): $134,454 total reported compensation
- ANDREW J ANDERSON (FACILITIES M): $123,511 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 serve the community by providing access to recreational facilities and to maintain the common property of the conservancy. It is the mission of the conservancy staff to implement policies as set forth by the governing documents and the board of trustees to maintain community assets, address resident concerns; manage the financial assets of the corporation; execute the yearly budget; enforce conservancy rules; administer community programs; encourage volunteer efforts; and to provide services to enhance the quality of life in the burke center community.
What it reported doing in 2024
Operation of pools, tennis courts and conservancy office. Maintain common property and provide services to the community.
Operating model
- Revenue model
- Earned-program. 89% 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. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 73
- Transparency & Controls: 66
- Accountability: 90
- Sustainability: 60
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 76.4%; rating input score 76
- Program expense ratio: 92.6%; rating input score 93
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 6 of 8 controls in place; rating input score 75
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Pass
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 8.2%; rating input score 59; 59th percentile among comparable filings
- Total-asset coverage ratio: 2.25; rating input score 66; 66th percentile among comparable filings
- Liabilities to assets ratio: 0.06; rating input score 68; 68th percentile among comparable filings
- Officer compensation ratio: 6.9%; rating input score 42; 42nd percentile among comparable filings
Growth
- Program expense growth: 3.3% per year; rating input score 100; 29th percentile among comparable filings
- Revenue growth: 1.8% per year; rating input score 100; 20th percentile among comparable filings
- Asset growth: 4.5% per year; rating input score 100; 32nd percentile among comparable filings
Details
- Where the money goes: 76.4% of revenue deployed · 92.6% of spending went to programs
- Governance: 7 of 7 board members independent · 6 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $6.3M in reported program spending
- Leadership: top reported pay $213K · 10 people listed · 1 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $3.6M reported
- Consistency: 25 of 25 current checks pass
- Schedules: 3 filed schedules · includes executive pay
- Filing history: 15 filing years from 2010 to 2024
- 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.
- 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.
- Review — Accountability: Governance controls: 2 of 8 not reported.
- Review — Sustainability: Operating margin scored 59/100.
- Moderate — Sustainability: Officer compensation ratio scored 42/100.