Economic Opportunity Program Inc of Che
Nonprofit profile at a glance
- EIN
- 160906941
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Elmira, NY, USA
- Phone
- 6077346174
- Rating
- 83
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Human Service Organizations
Reported finances
- Revenue
- $8,471,500
- Expenses
- $8,118,911
- Assets
- $2,959,233
- Liabilities
- $1,686,426
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
18 people listed
Executive titles in this filing
- DANIEL MANDELL (VICE PRESIDENT)
- HERBERT SMITH (PRESIDENT)
- ANDREA OGUNWUMI (CHIEF EXECUTIVE OFFICER)
Highest reported compensation
- ANDREA OGUNWUMI (CHIEF EXECUTIVE OFFICER): $133,595 total reported compensation
- ANTHONY PERSAUD (CHIEF FINANCIAL OFFICER): $110,606 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide services that create positive change in individuals, families, and our community; and encourages and facilitates partcipation by all people who can help make our vision, a future where all people in our community live with dignity and have the opportunity and ability to live economically productive and satisfying lives, a reality.
What it reported doing in 2024
Family development: develop skills for living, including: parenting of infants, adult literacy (literacy volunteers program), educational & career development assistance, & parenthood & pregnancy counseling.
Operating model
- Revenue model
- Grant-funded. 93% 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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 75
- Transparency & Controls: 92
- Accountability: 100
- Sustainability: 36
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 83.3%; rating input score 83
- Program expense ratio: 86.9%; rating input score 87
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd 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; 63rd percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- 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: 4.2%; rating input score 48; 48th percentile among comparable filings
- Total-asset coverage ratio: 0.36; rating input score 12; 12th percentile among comparable filings
- Liabilities to assets ratio: 0.57; rating input score 18; 18th percentile among comparable filings
- Officer compensation ratio: 3%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: 4.2% per year; rating input score 100; 34th percentile among comparable filings
- Revenue growth: 1.6% per year; rating input score 100; 19th percentile among comparable filings
- Asset growth: -2.4% per year; rating input score 0; 7th percentile among comparable filings
Details
- Where the money goes: 83.3% of revenue deployed · 86.9% of spending went to programs
- Governance: 15 of 15 board members independent · 9 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $7.1M in reported program spending
- Leadership: top reported pay $134K · 18 people listed
- Consistency: 32 of 32 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Filing history: 16 filing years from 2009 to 2024
- 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.
- High — Sustainability: Total-asset coverage ratio scored 12/100.
- Moderate — Sustainability: Operating margin scored 48/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 18/100.