Coresrq Inc

Nonprofit profile at a glance

EIN
842889884
IRS 990 coverage
2019–2023
Forms available
Form 990 2023
Location
Venice, FL, USA
Phone
9419558194
Rating
85
Verdict
STRONG
Rating confidence
Moderate
Sector
Young Men's or Women's Associations

Reported finances

Revenue
$3,572,784
Expenses
$3,884,375
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • RHONDA KAPUSTA (EXECUTIVE DIRECTOR)
  • LISA MESKIL (EXECUTIVE DIRECTOR)
  • JESSICA MITCHELL-HIRED 41122 (CEO)

Highest reported compensation

  • JESSICA MITCHELL-HIRED 41122 (CEO): $99,407 total reported compensation
  • RHONDA KAPUSTA (EXECUTIVE DIRECTOR): $66,404 total reported compensation
  • LISA MESKIL (EXECUTIVE DIRECTOR): $62,350 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To inspire a healthier community through innovative wellness and education programs for people of all ages and backgrounds.

What it reported doing in 2023

Coresrq inspires a healthier community through its innovative wellness and educational programs for people of all ages, backgrounds and abilities. The programs that coresrq provides are mission-driven. No community member is turned away from participating in our programs and membership for an inability to pay.coresrq provided $98,583 in financial assistance to over 731 underserved families, adults and children from sarasota county providing them with access to coresrq programs and services. We provide more than 200 in person classes weekly as well as on-demand virtual classes. Various class options incorporate cardio, strength, flexibility, balance and fellowship to inspire a healthier community. Coresrq's certified coaches provide over 400 parkingson's cycling classes annually that are proven to reduce the negative effects of parkinson's disease. This class is offered to persons living with this disease and others who suffer from similar neurological effects. Educational programs are available for children that supplement school learning or addressing education that is neglected by school programs. Coresrq provides volunteer opportunities for seniors, adults and children. Through strategic community partnerships and innovative programming, core srq provides services to unserved and underserved members of our community to enhance their physical, emotional and social well-being.

Operating model

Revenue model
Earned-program. 80% 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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 85
  • Transparency & Controls: 92
  • Accountability: 95
  • Sustainability: 13
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 95.2%; rating input score 95
  • Program expense ratio: 87.5%; rating input score 88
  • Fundraising efficiency: $6.69 raised per $1 spent on fundraising; rating input score 25; 25th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd 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; 64th percentile among comparable filings
  • Governance controls: 7 of 8 controls in place; rating input score 88
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -8.7%; rating input score 16; 16th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 0; 0th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 5.9%; rating input score 46; 46th percentile among comparable filings

Growth

  • Program expense growth: 42.1% per year; rating input score 100; 95th percentile among comparable filings
  • Revenue growth: 13.5% per year; rating input score 100; 78th percentile among comparable filings
  • Asset growth: -0.5% per year; rating input score 0; 12th percentile among comparable filings

Details

  • Where the money goes: 95.2% of revenue deployed · 87.5% of spending went to programs
  • Governance: 5 of 5 board members independent · 7 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $3.4M in reported program spending
  • Leadership: top reported pay $99K · 8 people listed
  • Consistency: 28 of 28 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 4 filing years from 2019 to 2023
  • 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.

Key Signals

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

  • High — Financial Efficiency: Fundraising efficiency scored 25/100.
  • High — Sustainability: Operating margin scored 16/100.
  • High — Sustainability: Total-asset coverage ratio scored 0/100.
  • Review — Accountability: Governance controls: CEO compensation review process not reported.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Officer compensation ratio scored 46/100.