Flywheel Skill Share Inc

Nonprofit profile at a glance

EIN
203307122
IRS 990 coverage
2012–2022
Forms available
Form 990 2022
Location
Madison, WI, USA
Phone
6086630400
Rating
84
Verdict
STRONG
Rating confidence
Moderate
Sector
Human Services N.E.C.

Official website

Reported finances

Revenue
$140,748
Expenses
$310,195
Assets
$9,701
Liabilities
$1,036

Source: IRS Form 990. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

8 people listed

Highest reported compensation

  • DAMITA BROWN (CO-EXECUTIVE): $92,522 total reported compensation
  • LORRIE HURCKES (CO-EXECUTIVE): $49,259 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Using skill sharing to connect people of diverse backgrounds to meet collective and individual needs, develop abolitionist awareness and practices in order to creat resilient and just alternative communities.

What it reported doing in 2022

Mobility and wellness promotes independence and fuller participation in community life for those people facing mobility barriers. Timebank members teach others to learn the bus system and earn timebank hours by helping a neighbor use the public transportation system on their own. Community members are given an opportunity to become independent using the bus system, breaking social isolation, increasing opportunities for work and play, and saving money.

Operating model

Revenue model
Grant-funded. 92% 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. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 89
  • Transparency & Controls: 92
  • Accountability: 79
  • Sustainability: 6
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 100%; rating input score 100
  • 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: 4 of 8 controls in place; rating input score 50
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • 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: Pass

Sustainability

  • Operating margin: -120.4%; rating input score 2; 2nd percentile among comparable filings
  • Total-asset coverage ratio: 0.03; rating input score 3; 3rd percentile among comparable filings
  • Liabilities to assets ratio: 0.11; rating input score 28; 28th percentile among comparable filings
  • Officer compensation ratio: 45.7%; rating input score 5; 5th percentile among comparable filings

Growth

  • Program expense growth: 3.2% per year; rating input score 100; 51st percentile among comparable filings
  • Revenue growth: 0.7% per year; rating input score 100; 33rd percentile among comparable filings
  • Asset growth: 10.5% per year; rating input score 100; 66th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: 6 of 6 board members independent · 4 of 8 filing controls reported
  • Programs: 2 filed program accomplishments · $310K in reported program spending
  • Leadership: top reported pay $93K · 8 people listed
  • Consistency: 25 of 25 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 11 filing years from 2012 to 2022
  • 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.

  • Review — Accountability: Governance controls: 3 of 7 not reported.
  • High — Sustainability: Operating margin scored 2/100.
  • High — Sustainability: Total-asset coverage ratio scored 3/100.
  • High — Sustainability: Officer compensation ratio scored 5/100.
  • High — Sustainability: Liabilities to assets ratio scored 28/100.