Dakota Area Community School

Nonprofit profile at a glance

EIN
113713786
IRS 990 coverage
2013–2014
Forms available
Form 990 2014
Location
Dakota, MN, USA
Phone
5076436869
Rating
73
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Elementary, Secondary Education, K - 12

Reported finances

Revenue
$414,945
Expenses
$368,966
Assets
$141,964
Liabilities
$306,954

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

Leadership & pay

7 people listed

Executive titles in this filing

  • SUSANNE MCNALLY (PRESIDENT)

Highest reported compensation

  • JANE VOVES (SCHOOL BUSINESS MANANGER): $28,180 total reported compensation
  • BRAD GROTH (MEMBER): $26,103 total reported compensation
  • BRAD KANZ (MEMBER): $18,037 total reported compensation

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

Overview

Mission

Community school preschool-5th grade

What it reported doing in 2014

Operation of a charter school for preschool thru 5th grade- to provide a strong core curriculum and innovative programs that encourage community involvement and develop lasting character.

Operating model

Revenue model
Grant-funded. 88% 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

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 83
  • Transparency & Controls: 92
  • Accountability: 37
  • Sustainability: 41
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 91.2%; rating input score 91
  • Program expense ratio: 98%; rating input score 98
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 92.3%; rating input score 92; 19th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 0%; rating input score 0; 6th percentile among comparable filings
  • Governance controls: 7 of 8 controls in place; rating input score 88
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 11.1%; rating input score 68; 68th percentile among comparable filings
  • Total-asset coverage ratio: 0.38; rating input score 22; 22nd percentile among comparable filings
  • Liabilities to assets ratio: 2.16; rating input score 2; 2nd percentile among comparable filings
  • Officer compensation ratio: 24%; rating input score 16; 16th percentile among comparable filings

Growth

  • Program expense growth: -13.1% per year; rating input score 0; 21st percentile among comparable filings
  • Revenue growth: 9.8% per year; rating input score 100; 72nd percentile among comparable filings
  • Asset growth: 91.4% per year; rating input score 100; 99th percentile among comparable filings

Details

  • Where the money goes: 91.2% of revenue deployed · 98% of spending went to programs
  • Governance: 0 of 5 board members independent · 7 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $362K in reported program spending
  • Leadership: top reported pay $28K · 7 people listed
  • Consistency: 25 of 27 current checks pass · 2 findings to review
  • Schedules: 4 filed schedules
  • Filing history: 2 filing years from 2013 to 2014
  • Contacts: How to reach this organization
  • Money network: 4 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 — Accountability: Independent voting board scored 0/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 22/100.
  • Moderate — Transparency & Controls: Schedule D expense reconciliation did not reconcile in the filed values.
  • Moderate — Transparency & Controls: Schedule D revenue reconciliation did not reconcile in the filed values.
  • Review — Accountability: Governance controls: Whistleblower policy not reported.
  • High — Sustainability: Liabilities to assets ratio scored 2/100.
  • High — Sustainability: Officer compensation ratio scored 16/100.