Chatham Oaks Inc

Nonprofit profile at a glance

EIN
421302928
IRS 990 coverage
2010–2020
Forms available
Form 990 2020
Location
Hiawatha, IA, USA
Phone
3198872701
Rating
78
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Group Homes

Reported finances

Revenue
$3,383,060
Expenses
$3,376,795
Assets
$2,515,425
Liabilities
$360,538

Source: IRS Form 990. Selected filing: tax year 2020. Amounts in USD.

Leadership & pay

10 people listed

Executive titles in this filing

  • DIANE BRECHT (EXECUTIVE DIRECTOR)
  • KATHLEEN HORAN (PRESIDENT & CEO)

Highest reported compensation

  • MICHAEL HEINRICH (EXEC VP FINANCE/CFO): $532,092 total reported compensation
  • KATHLEEN HORAN (PRESIDENT & CEO): $174,595 total reported compensation
  • DIANE BRECHT (EXECUTIVE DIRECTOR): $126,386 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide a continuum of care that includes safe, supportive, person driven residential treatment options to individuals with mental illness and/or disabilities improving quality of life and enhancing self-sufficiency to support the individual's recovery process.

What it reported doing in 2020

Chatham oaks provides a continuum of care for individuals with chronic mental illness and multi-occurring disorders needing support services in a residential care facility, their own apartment or home or a 24-hour supervised home setting. Chatham oaks has served 186 individuals in all of their programs throughout the year. Each individual is provided with the support and services needed to assist them in their recovery process so that they can live in the least restrictive environment possible. The rcf program has served 92 individuals over the course of the last year. Chatham oaks has been able to live their mission providing an array of services to meet the needs of individuals with mental illness and disabilities by providing a variety of person centered supports and services. It supports the mission by offering another option in the continuum of care and enhances self-sufficiency to support the recovery process. The chatham oaks rcf program made a major change in october 2020. This program reduced the licensed beds to 16 and moved/merged this program under another organization. This was done to allow for a smaller setting in which to serve individuals. While the name of the facility remains chatham oaks rcf. Chatham oaks, inc. No longer manages this program.

Operating model

Revenue model
Earned-program. 96% 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. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 83
  • Transparency & Controls: 65
  • Accountability: 95
  • Sustainability: 33
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 93%; rating input score 93
  • Program expense ratio: 93.1%; rating input score 93
  • Fundraising efficiency: Limited

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: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • 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: 0.2%; rating input score 23; 23rd percentile among comparable filings
  • Total-asset coverage ratio: 0.74; rating input score 27; 27th percentile among comparable filings
  • Liabilities to assets ratio: 0.14; rating input score 55; 55th percentile among comparable filings
  • Officer compensation ratio: 3.7%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: 7.1% per year; rating input score 100; 62nd percentile among comparable filings
  • Revenue growth: 5% per year; rating input score 100; 51st percentile among comparable filings
  • Asset growth: 9% per year; rating input score 100; 60th percentile among comparable filings

Details

  • Where the money goes: 93% of revenue deployed · 93.1% of spending went to programs
  • Governance: 7 of 7 board members independent · 8 of 9 filing controls reported
  • Programs: 2 filed program accomplishments · $3.1M in reported program spending
  • Leadership: top reported pay $532K · 10 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 29 of 29 current checks pass
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 10 filing years from 2010 to 2020
  • Contacts: How to reach this organization
  • Related organizations: 119 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 — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Sustainability: Operating margin scored 23/100.
  • High — Sustainability: Total-asset coverage ratio scored 27/100.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • Review — Sustainability: Liabilities to assets ratio scored 55/100.