Cheer Inc
Nonprofit profile at a glance
- EIN
- 510112599
- IRS 990 coverage
- 2013–2024
- Forms available
- Form 990 2024
- Location
- Georgetown, DE, USA
- Phone
- 3025150001
- Rating
- 92
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Senior Centers
Reported finances
- Revenue
- $9,354,041
- Expenses
- $9,315,733
- Assets
- $17,401,416
- Liabilities
- $3,269,481
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
16 people listed
Executive titles in this filing
- WALTER KOOPMAN (PRESIDENT)
- BECKETT M WHEATLEY (CEO)
Highest reported compensation
- BECKETT M WHEATLEY (CEO): $148,461 total reported compensation
- THOMAS REARDON (COO): $91,669 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
An independent non-profit agency serving the needs of mature adults in sussex county, de. They provide vast services to promote and maintain the highest quality of life and independence of senior citizens 50 and over.
What it reported doing in 2024
Pasa services provides homemaker and personal assistance services to individuals which include personal assistance, light housekeeping, respite care and meal preparation in their home. This service is available seven days a week. Adult day services are also available within our community center monday through friday directed by staff trained in dementia programming and geriatric care, supervised by a licensed nurse.
Operating model
- Revenue model
- Grant-funded. 82% 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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 94
- Transparency & Controls: 92
- Accountability: 95
- Sustainability: 48
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 94.5%; rating input score 94
- Program expense ratio: 94.7%; rating input score 95
- Fundraising efficiency: $152.73 raised per $1 spent on fundraising; rating input score 90; 90th percentile among comparable filings
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: 100%; rating input score 100; 63rd 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: 0.4%; rating input score 35; 35th percentile among comparable filings
- Total-asset coverage ratio: 1.87; rating input score 59; 59th percentile among comparable filings
- Liabilities to assets ratio: 0.19; rating input score 45; 45th percentile among comparable filings
- Officer compensation ratio: 2.6%; rating input score 72; 72nd percentile among comparable filings
Growth
- Program expense growth: 1.9% per year; rating input score 100; 21st percentile among comparable filings
- Revenue growth: 3.2% per year; rating input score 100; 28th percentile among comparable filings
- Asset growth: 4.5% per year; rating input score 100; 32nd percentile among comparable filings
Details
- Where the money goes: 94.5% of revenue deployed · 94.7% of spending went to programs
- Governance: 14 of 14 board members independent · 8 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $8.8M in reported program spending
- Leadership: top reported pay $148K · 16 people listed
- Highest-paid contractors: 5 contractors listed · $1.6M reported
- Consistency: 29 of 29 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 12 filing years from 2013 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- 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.
- Moderate — Sustainability: Operating margin scored 35/100.
- Review — Accountability: Governance controls: Other executive compensation review process not reported.
- Review — Sustainability: Total-asset coverage ratio scored 59/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 45/100.