Economic Opportunity Board of Clark County

Nonprofit profile at a glance

EIN
880096051
IRS 990 coverage
2014–2022
Forms available
Form 990 2022
Location
Las Vegas, NV, USA
Phone
7024457105
Rating
82
Verdict
STRONG
Rating confidence
Moderate
Sector
Neighborhood Centers

Official website

Reported finances

Revenue
$3,460,188
Expenses
$3,441,951
Assets
$2,947,358
Liabilities
$1,145,862

Source: IRS Form 990. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

6 people listed

Highest reported compensation

  • LAWRENCE BEASLEY (EXECUTIVE DI): $112,762 total reported compensation
  • NICHOLE LOVELY (CFO): $105,310 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To assist low income individuals in becoming self-sufficient and improve their quality of life.

What it reported doing in 2022

Program services to provide general service to the community: 1. Martin luther king jr. Senior center - community center for seniors that provides conjugate meals and activities. 2. Family self-sufficiency - rental assistance, utility assistance and transportation assistance to low income individuals. 3. Workforce supportive services - scholarships for vocational training. 4. Project listos- english as a second language educational assistance. 5. Meal delivery - a weekly meal delivery program for seniors which includes a combination of prepared and pre-packaged meals. 6. Online activities for seniors - for remote engagement due to covid19 shutdowns. 7. Housing opportunities for people with AIDS (hopwa) - program dedicated to the housing needs of people living with HIV/AIDS. 8. Programming for rental and utility assistance - covers up to one month of assistance for amounts related to 2021. 9. Childcare assistance - up to 1,000 per eligible child and included a one-time opportunity to extend the assistance up to an additional 1,000 per participant.

Operating model

Revenue model
Grant-funded. 83% of the money available for current operations came from government grants.
Distribution model
Hybrid. The nonprofit split its reported program spending across 79% for direct work, and 21% for grants.

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: 81
  • Transparency & Controls: 90
  • Accountability: 79
  • Sustainability: 34
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 91.4%; rating input score 91
  • Program expense ratio: 91.9%; rating input score 92
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 93.3%; rating input score 93; 16th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • 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: 4 of 8 controls in place; rating input score 50
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • 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: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 0.5%; rating input score 36; 36th percentile among comparable filings
  • Total-asset coverage ratio: 0.86; rating input score 31; 31st percentile among comparable filings
  • Liabilities to assets ratio: 0.39; rating input score 29; 29th percentile among comparable filings
  • Officer compensation ratio: 6.3%; rating input score 42; 42nd percentile among comparable filings

Growth

  • Program expense growth: 23.9% per year; rating input score 100; 88th percentile among comparable filings
  • Revenue growth: 23% per year; rating input score 100; 90th percentile among comparable filings
  • Asset growth: 19.9% per year; rating input score 100; 82nd percentile among comparable filings

Details

  • Where the money goes: 91.4% of revenue deployed · 91.9% of spending went to programs
  • Governance: 4 of 4 board members independent · 4 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $3.2M in reported program spending
  • Leadership: top reported pay $113K · 6 people listed
  • Consistency: 32 of 32 current checks pass
  • Schedules: 6 filed schedules · includes major donors and grants
  • Filing history: 9 filing years from 2014 to 2022
  • 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.

Key Signals

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

  • Review — Accountability: Governance controls: 3 of 7 not reported.
  • Moderate — Sustainability: Operating margin scored 36/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 31/100.
  • High — Sustainability: Liabilities to assets ratio scored 29/100.
  • Moderate — Sustainability: Officer compensation ratio scored 42/100.