Corn Heritage Village of Corn Inc

Nonprofit profile at a glance

EIN
800398085
IRS 990 coverage
2012–2020
Forms available
Form 990 2020, Form 990-T 2020
Location
Corn, OK, USA
Phone
5803432295
Rating
85
Verdict
STRONG
Rating confidence
Moderate

Reported finances

Revenue
$6,524,606
Expenses
$5,858,183
Assets
$5,772,212
Liabilities
$276,404

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

Leadership & pay

6 people listed

Executive titles in this filing

  • Sheriff Raji (EXECUTIVE DIRECTOR)

Highest reported compensation

  • Sheriff Raji (EXECUTIVE DIRECTOR): $123,091 total reported compensation

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

Overview

Mission

Corn heritage village is a not-for-profit organization committed to meeting the needs of seniors in a safe, secure, and caring environment.

What it reported doing in 2020

A continuing care nursing home featuring independent living and skilled nursing for seniors.

Operating model

Revenue model
Earned-program. 87% 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. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 78
  • Transparency & Controls: 93
  • Accountability: 90
  • Sustainability: 53
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 84.3%; rating input score 84
  • Program expense ratio: 93.7%; rating input score 94
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 92.3%; rating input score 92; 9th 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: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 10.2%; rating input score 51; 51st percentile among comparable filings
  • Total-asset coverage ratio: 0.99; rating input score 35; 35th percentile among comparable filings
  • Liabilities to assets ratio: 0.05; rating input score 75; 75th percentile among comparable filings
  • Officer compensation ratio: 0.3%; rating input score 84; 84th percentile among comparable filings

Growth

  • Program expense growth: 1.8% per year; rating input score 100; 35th percentile among comparable filings
  • Revenue growth: 3.9% per year; rating input score 100; 43rd percentile among comparable filings
  • Asset growth: 4.8% per year; rating input score 100; 40th percentile among comparable filings

Details

  • Where the money goes: 84.3% of revenue deployed · 93.7% of spending went to programs
  • Governance: 5 of 5 board members independent · 6 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $5.5M in reported program spending
  • Leadership: top reported pay $123K · 6 people listed
  • Highest-paid contractors: 2 contractors listed · $609K reported
  • Consistency: 27 of 28 current checks pass · 1 finding to review
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 9 filing years from 2012 to 2020
  • Contacts: How to reach this organization
  • Related organizations: 2 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.

  • Review — Accountability: Governance controls: 2 of 8 not reported.
  • Review — Sustainability: Operating margin scored 51/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 35/100.
  • Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.