Career Resources Corp

Nonprofit profile at a glance

EIN
042531865
IRS 990 coverage
2013–2017
Forms available
Form 990 2017
Location
Haverhill, MA, USA
Phone
9783749122
Rating
74
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Sheltered Employment

Official website

Reported finances

Revenue
$9,302,996
Expenses
$9,071,899
Assets
$5,677,312
Liabilities
$2,351,103

Source: IRS Form 990. Selected filing: tax year 2017. Amounts in USD.

Leadership & pay

16 people listed

Executive titles in this filing

  • EMILY BRYANT (Immediate Past-President)
  • DARLENE BEAL (President)
  • WALTER MEYER (President-Elect)
  • JANET ODENWELDER (Vice-President)
  • BRADLEY HOWELL (CEO)

Highest reported compensation

  • BRADLEY HOWELL (CEO): $179,655 total reported compensation
  • JAMES SULLIVAN (CFO): $106,507 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2017. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Employment Training & Housing

What it reported doing in 2017

Housing and support services for the developmentally disabled adults.

Operating model

Revenue model
Grant-funded. 80% of the money available for current operations came from government grants.
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 most voting board members are independent. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and the required major-donor schedule is missing or incomplete.

Rating breakdown

  • Financial Efficiency: 83
  • Transparency & Controls: 53
  • Accountability: 91
  • Sustainability: 41
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 81.5%; rating input score 82
  • Program expense ratio: 83.5%; rating input score 83
  • Fundraising efficiency: $108.2 raised per $1 spent on fundraising; rating input score 88; 88th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd 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: No; rating input score 0
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th 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: Fail
    • CEO compensation review process: Pass
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 2.5%; rating input score 46; 46th percentile among comparable filings
  • Total-asset coverage ratio: 0.63; rating input score 28; 28th percentile among comparable filings
  • Liabilities to assets ratio: 0.41; rating input score 30; 30th percentile among comparable filings
  • Officer compensation ratio: 3.2%; rating input score 65; 65th percentile among comparable filings

Growth

  • Program expense growth: 9.1% per year; rating input score 100; 68th percentile among comparable filings
  • Revenue growth: 8.4% per year; rating input score 100; 68th percentile among comparable filings
  • Asset growth: 11.4% per year; rating input score 100; 72nd percentile among comparable filings

Details

  • Where the money goes: 81.5% of revenue deployed · 83.5% of spending went to programs
  • Governance: 14 of 14 board members independent · 7 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $7.6M in reported program spending
  • Leadership: top reported pay $180K · 16 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 30 of 30 current checks pass
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 5 filing years from 2013 to 2017
  • Contacts: How to reach this organization
  • Money network: 2 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.

Key Signals

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

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Transparency & Controls: Major donor itemization scored 0/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • Moderate — Sustainability: Operating margin scored 46/100.
  • High — Sustainability: Total-asset coverage ratio scored 28/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 30/100.