Depot Outlet Inc

Nonprofit profile at a glance

EIN
421005989
IRS 990 coverage
2012–2025
Forms available
Form 990 2025
Location
Decorah, IA, USA
Phone
5633822700
Rating
62
Verdict
SUPPORTED
Rating confidence
Moderate
Affiliation
Christianity

Official website

Reported finances

Revenue
$2,016,119
Expenses
$2,105,172
Assets
$2,843,356
Liabilities
$939,793

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

10 people listed

Executive titles in this filing

  • DAVE FISHER (PRESIDENT)

Highest reported compensation

  • JESSICA O'MARA KELLY (STORE DIRECT): $71,604 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To encourage and assist generous area residents in recycling their discarded clothing, small household goods, furniture, and books and offer those items for sale at a low price. The goal is to provide area residents with opportunities to volunteer, train, and work in the organization's recycling efforts. With the funds generated, the depot outlet provides grants to non-profit and church organizations throughout winneshiek county.

What it reported doing in 2025

Used clothing, books, & small household goods donated to the organization were cleaned sorted and sold to families in need at low prices through the combined efforts of employees, local church volunteers, and donors.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Hybrid. The nonprofit split its reported program spending across 74% for direct work, and 26% for grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - Most voting board members are independent and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and the filing does not identify recipients for some grant dollars.

Rating breakdown

  • Financial Efficiency: 45
  • Transparency & Controls: 60
  • Accountability: 95
  • Sustainability: 31
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 51.7%; rating input score 52
  • Program expense ratio: 48.8%; rating input score 49
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 93.3%; rating input score 93; 18th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 2.2%; rating input score 2; 16th percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd 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: NotApplicable
    • 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: -4.4%; rating input score 16; 16th percentile among comparable filings
  • Total-asset coverage ratio: 1.35; rating input score 44; 44th percentile among comparable filings
  • Liabilities to assets ratio: 0.33; rating input score 24; 24th percentile among comparable filings
  • Officer compensation ratio: 3.4%; rating input score 67; 67th percentile among comparable filings

Growth

  • Program expense growth: 7.1% per year; rating input score 100; 47th percentile among comparable filings
  • Revenue growth: 9.8% per year; rating input score 100; 65th percentile among comparable filings
  • Asset growth: 8.2% per year; rating input score 100; 50th percentile among comparable filings

Details

  • Where the money goes: 51.7% of revenue deployed · 48.8% of spending went to programs
  • Governance: 9 of 9 board members independent · 7 of 8 filing controls reported
  • Programs: 2 filed program accomplishments · $1M in reported program spending
  • Leadership: top reported pay $72K · 10 people listed
  • Highest-paid contractors: 1 contractor listed · $645K reported
  • Consistency: 30 of 31 current checks pass · 1 finding to review
  • Schedules: 5 filed schedules · includes grants
  • Filing history: 14 filing years from 2012 to 2025
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • 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 — Financial Efficiency: Mission deployment rate scored 52/100.
  • High — Transparency & Controls: Grant itemization coverage scored 2/100.
  • Moderate — Financial Efficiency: Program expense ratio scored 49/100.
  • High — Sustainability: Operating margin scored 16/100.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • Moderate — Sustainability: Total-asset coverage ratio scored 44/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • High — Sustainability: Liabilities to assets ratio scored 24/100.