Caring for Miami Inc

Nonprofit profile at a glance

EIN
264725581
IRS 990 coverage
2010–2014
Forms available
Form 990 2014
Location
Palmetto Bay, FL, USA
Phone
3052381818
Rating
74
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Human Service Organizations

Official website

Reported finances

Revenue
$861,064
Expenses
$823,318
Assets
$627,894
Liabilities
$165,312

Source: IRS Form 990. Selected filing: tax year 2014. Amounts in USD.

Leadership & pay

6 people listed

Highest reported compensation

  • ELIZABETH SKJOLDAL (EXECUTIVE DI): $84,440 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2014. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Caring for miami exists to improve the lives of children and families in miami-dade county through life-affirming services, professional counseling, health sceening and dental services.

What it reported doing in 2014

Counseling individuals and families, providing therapeutic and psycho- decuational classes. Approximately 800 people served (totaling more than 3,300 sessions). 5% of the services were provided pro bono (no charge) and approximately 20% were at reduced fees below the minimum standard rate.

Operating model

Revenue model
Affiliate-supported. 62% of the money available for current operations came from contributions from related organizations.
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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

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: 71
  • Transparency & Controls: 92
  • Accountability: 56
  • Sustainability: 45
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 78.4%; rating input score 78
  • Program expense ratio: 82%; rating input score 82
  • 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: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 60%; rating input score 60; 11th percentile among comparable filings
  • Governance controls: 4 of 8 controls in place; rating input score 50
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 4.4%; rating input score 53; 53rd percentile among comparable filings
  • Total-asset coverage ratio: 0.76; rating input score 39; 39th percentile among comparable filings
  • Liabilities to assets ratio: 0.26; rating input score 35; 35th percentile among comparable filings
  • Officer compensation ratio: 10.3%; rating input score 34; 34th percentile among comparable filings

Growth

  • Program expense growth: 53% per year; rating input score 100; 94th percentile among comparable filings
  • Revenue growth: 20.2% per year; rating input score 100; 85th percentile among comparable filings
  • Asset growth: 18.5% per year; rating input score 100; 82nd percentile among comparable filings

Details

  • Where the money goes: 78.4% of revenue deployed · 82% of spending went to programs
  • Governance: 3 of 5 board members independent · 4 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $675K in reported program spending
  • Leadership: top reported pay $84K · 6 people listed
  • Consistency: 28 of 28 current checks pass
  • Schedules: 6 filed schedules · includes major donors
  • Filing history: 5 filing years from 2010 to 2014
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.

  • Review — Accountability: Governance controls: 4 of 8 not reported.
  • Review — Sustainability: Operating margin scored 53/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 39/100.
  • Moderate — Sustainability: Officer compensation ratio scored 34/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 35/100.