F5 Project

Nonprofit profile at a glance

EIN: 814658673
IRS 990 coverage: 2018–2024
Forms available: Form 990 2024, Form 990-EZ 2017, Form 990-N 2016
Location: Fargo, ND, USA
Phone: 7014121664
Rating: 67
Verdict: SUPPORTED
Rating confidence: Moderate
Sector: Inmate Support

Official website

Reported finances

Revenue: $3,611,259
Expenses: $4,538,131
Assets: $1,062,367
Liabilities: $1,316,433

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

12 people listed

Executive titles in this filing

MINDI LARSON (BOARD PRESIDENT (LEFT 6/2024))
JENNA MCPHERSON (VICE PRESIDENT)
SHAWN GAMRADT (DIRECTOR/PRESIDENT (6/2024))
ADAM MARTIN (EXECUTIVE DIRECTOR)

Highest reported compensation

ADAM MARTIN (EXECUTIVE DIRECTOR): $153,348 total reported compensation
SCOTT COLLEGE (CHIEF PROGRAMS OFFICER): $123,222 total reported compensation
CAMILLE WALKIN (CFO): $102,875 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 help transition citizens from confinement to a new life through serving offenders in the community.

What it reported doing in 2024

F5 project is committed to eliminating overdose, suicide, and crime through empowering recovery, reducing recidivism, and fighting poverty. In the past year, we've been able to serve individuals transitioning from incarceration to community while also expanding our services to provide community-based support to individuals suffering from addiction and mental illness.in 2023 the f5 project program accomplishments were - - total number of people housed in 2024: *112 were admitted during 2024 *19 were admitted during 2023 that discharged during 2024. *131 lived with us during 2024.- 8 locations with an office- 30,260 lives transformed across the state of North Dakota

Operating model

Revenue model: Earned-program. 86% of the money available for current operations came from fees and other program revenue.
Distribution model: Direct operator. The filing allocates 99% 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. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and some filing-based governance responses are negative or unanswered.

Rating breakdown

Financial Efficiency: 65
Transparency & Controls: 71
Accountability: 72
Sustainability: 9
Growth: 100

Detailed rating inputs

Financial Efficiency

Mission deployment rate: 79.6%; rating input score 80
Program expense ratio: 63.4%; rating input score 63
Fundraising efficiency: Limited

Transparency & Controls

Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
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; 63rd percentile among comparable filings
Governance controls: 3 of 9 controls in place; rating input score 33
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- 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: -25.7%; rating input score 5; 5th percentile among comparable filings
Total-asset coverage ratio: 0.23; rating input score 7; 7th percentile among comparable filings
Liabilities to assets ratio: 1.24; rating input score 3; 3rd percentile among comparable filings
Officer compensation ratio: 8.4%; rating input score 36; 36th percentile among comparable filings

Growth

Program expense growth: 27.7% per year; rating input score 100; 91st percentile among comparable filings
Revenue growth: 31.6% per year; rating input score 100; 94th percentile among comparable filings
Asset growth: 43.4% per year; rating input score 100; 97th percentile among comparable filings

Details

Where the money goes: 79.6% of revenue deployed · 63.4% of spending went to programs
Governance: 9 of 9 board members independent · 3 of 9 filing controls reported
Programs: 1 filed program accomplishment · $2.9M in reported program spending
Leadership: top reported pay $153K · 12 people listed · 0 of 6 pay-setting controls reported
Consistency: 31 of 31 current checks pass
Schedules: 8 filed schedules · includes major donors, grants, and executive pay
Filing history: 7 filing years from 2018 to 2024
Contacts: How to reach this organization
Money network: 7 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.

High — Transparency & Controls: Pay-setting controls scored 0/100.
Moderate — Accountability: Governance controls: 5 of 8 not reported.
High — Sustainability: Operating margin scored 5/100.
High — Sustainability: Total-asset coverage ratio scored 7/100.
High — Sustainability: Liabilities to assets ratio scored 3/100.
Moderate — Sustainability: Officer compensation ratio scored 36/100.