Federal Valley Resource Center Inc

Nonprofit profile at a glance

EIN
861054078
IRS 990 coverage
2023–2024
Forms available
Form 990 2024, Form 990-EZ 2022, Form 990-N 2013
Location
Stewart, OH, USA
Phone
7406625605
Rating
77
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Community, Neighborhood Development

Reported finances

Revenue
$472,941
Expenses
$385,856
Assets
$232,857
Liabilities
$7,618

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

Leadership & pay

8 people listed

Executive titles in this filing

  • THERESE FIELER LACKEY (PRESIDENT)

People named in this filing

  • LAURA CARNEY (SECRETARY)
  • SHEILA DONAHUE (OFFICER)
  • JOANNA DUQUETTE (VICE PRESIDE)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The purpose of the federal valley resource center (fvrc), a non-profit 5013 organization, is to manage, operate, and use the historic rome-canaan school campus in stewart, Ohio, for the benefit of the community and surrounding area, fvrc is focused on the preservation of these historic buildings, while providing the community with a place for gathering and events featuring art, history, music, sports, and education, among other activities. Fvrc is committed to helping the community with an established thrift store and food pantry.

What it reported doing in 2024

Fvrc continues to maintain several buildings which include: 1) 1897 original two room schoolhouse that houses community room and music room, 2) 1920 addition to main building that houses meeting room, kitchen, auditorium, book room, food pantry, thrift store and several other rooms, 3) 1940 gymnasium. In the past year the center hosted music performances and offered free instruction in art, quilting and music, along with the thrift store being open 3 days a week. Performances and programs averaged 50 to 75 attendees. Meeting and activity space were provided free of charge for band practice, area program planning and non-denominational youth ministry. Fvrc's food program expanded to include a well-stocked pantry, weekly food distribution and monthly food boxes to community members in need. Multiple spaces at fvrc are available for private parties, reunions, weddings, ball practice, etc. To area individuals and groups for a low-cost fee. Proceeds are used to offset utility costs and building upkeep. Another source of income used for building repair and restoration is the thrift store located in our basement (former basketball court 1920 to 1920 and then as a cafeteria). It offers gently used clothing and home goods at low cost. The thrift store has more than tripled its income. Students from nearby federal hocking high school participate in helpful internships (requirement for graduation) and occasionally community service workers are placed at fvrc

Operating model

Revenue model
Grant-funded. 66% 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

SUPPORTED - 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 program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 78
  • Transparency & Controls: 90
  • Accountability: 64
  • Sustainability: 54
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 81.2%; rating input score 81
  • Program expense ratio: 99.6%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 1 of 7 controls in place; rating input score 14
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 18.4%; rating input score 72; 72nd percentile among comparable filings
  • Total-asset coverage ratio: 0.6; rating input score 28; 28th percentile among comparable filings
  • Liabilities to assets ratio: 0.03; rating input score 36; 36th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

  • Program expense growth: -53.8% per year; rating input score 0; 2nd percentile among comparable filings
  • Revenue growth: 36.7% per year; rating input score 100; 95th percentile among comparable filings
  • Asset growth: 28.9% per year; rating input score 100; 91st percentile among comparable filings

Details

  • Where the money goes: 81.2% of revenue deployed · 99.6% of spending went to programs
  • Governance: 8 of 8 board members independent · 1 of 7 filing controls reported
  • Programs: 3 filed program accomplishments · $384K in reported program spending
  • Leadership: top reported pay $0 · 8 people listed
  • Consistency: 22 of 22 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • 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 — Accountability: Governance controls: 5 of 6 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 28/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 36/100.