Fivecap Inc
Nonprofit profile at a glance
- EIN
- 381814318
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- Scottville, MI, USA
- Phone
- 2317573785
- Rating
- 76
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Human Service Organizations
Reported finances
- Revenue
- $5,429,257
- Expenses
- $5,458,535
- Assets
- $2,350,025
- Liabilities
- $1,103,674
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
17 people listed
Executive titles in this filing
- MARY L TRUCKS (EXECUTIVE DIRECTOR)
Highest reported compensation
- MARY L TRUCKS (EXECUTIVE DIRECTOR): $237,986 total reported compensation
- PHILLIP ANDRES (CHIEF FINANCIAL OFFICER): $101,185 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The agency was created under title ii of the economic opportunity act of 1964, as amended. The agency's programs were created to focus all available state, federal, and private resources toward enabling low-income families and low-income individuals of all ages in rural areas to attain and secure the opportunities needed for them to be self-sufficient.
What it reported doing in 2024
Provided head start and early head start services in lake county, manistee county, mason county and newaygo county. The objectives of the programs are to promote the school readiness of low-income preschool children (ages 3 to 5) by enhancing their cognitive, social, and emotional development in learning environments that support their growth in language, literacy, mathematics, science, social and emotional functioning, creative art, physical skills, and approaches to learning. Parents also receive social services and participate in various decision-making processes related to the operation of the program.
Operating model
- Revenue model
- Grant-funded. 97% 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. Program spending has declined or grown slowly and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 76
- Transparency & Controls: 79
- Accountability: 100
- Sustainability: 27
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 85.8%; rating input score 86
- Program expense ratio: 85.4%; rating input score 85
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- 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: -0.5%; rating input score 31; 31st percentile among comparable filings
- Total-asset coverage ratio: 0.43; rating input score 15; 15th percentile among comparable filings
- Liabilities to assets ratio: 0.47; rating input score 23; 23rd percentile among comparable filings
- Officer compensation ratio: 6.2%; rating input score 46; 46th percentile among comparable filings
Growth
- Program expense growth: -0.8% per year; rating input score 0; 11th percentile among comparable filings
- Revenue growth: -0.3% per year; rating input score 0; 11th percentile among comparable filings
- Asset growth: 0.1% per year; rating input score 100; 13th percentile among comparable filings
Details
- Where the money goes: 85.8% of revenue deployed · 85.4% of spending went to programs
- Governance: 15 of 15 board members independent · 9 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $4.7M in reported program spending
- Leadership: top reported pay $238K · 17 people listed · 2 of 6 pay-setting controls reported
- Consistency: 32 of 32 current checks pass
- Schedules: 6 filed schedules · includes major donors and executive pay
- Filing history: 14 filing years from 2011 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 31/100.
- High — Sustainability: Total-asset coverage ratio scored 15/100.
- High — Sustainability: Liabilities to assets ratio scored 23/100.
- Moderate — Sustainability: Officer compensation ratio scored 46/100.