Expanco Inc

Nonprofit profile at a glance

EIN
751720274
IRS 990 coverage
2019–2021
Forms available
Form 990 2021, Form 990-T 2021
Location
Fort Worth, TX, USA
Phone
8172939486
Rating
83
Verdict
STRONG
Rating confidence
Moderate
Sector
Vocational Rehabilitation

Reported finances

Revenue
$3,067,167
Expenses
$3,107,600
Assets
$2,337,058
Liabilities
$134,424

Source: IRS Form 990. Selected filing: tax year 2021. Amounts in USD.

Leadership & pay

10 people listed

Executive titles in this filing

  • Dena Walts (President)
  • Tony Picciuti (Vice President)

Highest reported compensation

  • Dena Walts (President): $91,493 total reported compensation
  • Tony Picciuti (Vice President): $75,251 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2021. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

EXPANCO's stated mission is to provide services and opportunities for individuals with disabilities to help them maximize their independence, earnings potential and appropriate skills.

What it reported doing in 2021

EXPANCO operates a work center for adults with disabilities providing vocational rehab services for 135 to 150 disadvantaged and disabled adults on a daily basis. This is the primary and only program that EXPANCO currently is engaged.

Operating model

Revenue model
Other-operating. 96% of the money available for current operations came from other operating 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. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 71
  • Transparency & Controls: 92
  • Accountability: 100
  • Sustainability: 31
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 80.3%; rating input score 80
  • Program expense ratio: 79.3%; rating input score 79
  • Fundraising efficiency: $3.16 raised per $1 spent on fundraising; rating input score 6; 6th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd 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: 8 of 8 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: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -1.3%; rating input score 19; 19th percentile among comparable filings
  • Total-asset coverage ratio: 0.75; rating input score 27; 27th percentile among comparable filings
  • Liabilities to assets ratio: 0.06; rating input score 70; 70th percentile among comparable filings
  • Officer compensation ratio: 5.4%; rating input score 48; 48th percentile among comparable filings

Growth

  • Program expense growth: 1.5% per year; rating input score 100; 31st percentile among comparable filings
  • Revenue growth: 7.3% per year; rating input score 100; 60th percentile among comparable filings
  • Asset growth: 4% per year; rating input score 100; 33rd percentile among comparable filings

Details

  • Where the money goes: 80.3% of revenue deployed · 79.3% of spending went to programs
  • Governance: 8 of 8 board members independent · 8 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $2.5M in reported program spending
  • Leadership: top reported pay $91K · 10 people listed
  • Consistency: 44 of 44 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 3 filing years from 2019 to 2021
  • Contacts: How to reach this organization
  • Money network: 2 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Financial Efficiency: Fundraising efficiency scored 6/100.
  • High — Sustainability: Operating margin scored 19/100.
  • High — Sustainability: Total-asset coverage ratio scored 27/100.
  • Moderate — Sustainability: Officer compensation ratio scored 48/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.