Goodwill of Kentucky Cars to Work Inc

Nonprofit profile at a glance

EIN
450830218
IRS 990 coverage
2012–2014
Forms available
Form 990 2014, Form 990-N 2010
Location
Louisville, KY, USA
Phone
5022721700
Rating
68
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Human Service Organizations

Official website

Reported finances

Revenue
$480,916
Expenses
$707,151
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2014. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • JOHN WADE (PRESIDENT)
  • ROLAND R BLAHNIK (PRESIDENT EMERITUS)

Highest reported compensation

  • ROLAND R BLAHNIK (PRESIDENT EMERITUS): $481,443 total reported compensation
  • AMY LUTTRELL (CHAIRPERSON): $199,574 total reported compensation
  • DAVID COBB (SECRETARY): $196,347 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2014. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Recognizing that lack of access to reliable transportation is a major barrier to employment, goodwill of Kentucky cars to work puts persons with disabilities or other disadvantages on the road to affordable car ownership so they can obtain and maintain employment and improve their quality of life.

What it reported doing in 2014

Goodwill of Kentucky cars to work helps people with disabilities or other disadvantages obtain affordable, dependable transportation to achieve and maintain employment. The vehicles in the program are used vehicles, purchased by or donated to cars to work. Those vehicles that cannot be used directly by mission clients for work commuting purposes are sold at the cars to work auto auction. The company provides used vehicles to mission clients at a discount price with a warranty for the duration of the loan and reimburses loan interest at the end of the loan term. Participants in the program must be referred by a qualified social service agency. Transportation helps these mission clients keep their current job or obtain better employment to significantly increase their income. Families are also enriched by access to transportation as client's children may be able to participate in after school activities, perhaps for the first time. In addition, clients have the opportunity to build their credit rating and improve their credit score. Program participants also have access to counseling and guidance to help them properly budget for and maintain their vehicle to improve their chances for employment success. During fy 2015, 458 people were served by the cars to work program and 51 vehicles were provided to program participants.

Operating model

Revenue model
Earned-program. 84% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 90% 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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.

Rating breakdown

  • Financial Efficiency: 97
  • Transparency & Controls: 68
  • Accountability: 42
  • Sustainability: 4
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 92.8%; rating input score 93
  • Fundraising efficiency: $226.91 raised per $1 spent on fundraising; rating input score 94; 94th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 92.9%; rating input score 93; 22nd 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; 79th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 25%; rating input score 25; 13th percentile among comparable filings
  • Governance controls: 6 of 9 controls in place; rating input score 67
    • 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: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -47%; rating input score 5; 5th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 32.9%; rating input score 9; 9th percentile among comparable filings

Growth

  • Program expense growth: -36% per year; rating input score 0; 9th percentile among comparable filings
  • Revenue growth: -50.1% per year; rating input score 0; 2nd percentile among comparable filings
  • Asset growth: -69.2% per year; rating input score 0; 1st percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 92.8% of spending went to programs
  • Governance: 2 of 8 board members independent · 6 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $656K in reported program spending
  • Leadership: top reported pay $481K · 9 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 28 of 29 current checks pass · 1 finding to review
  • Schedules: 8 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 3 filing years from 2012 to 2014
  • Contacts: How to reach this organization
  • Related organizations: 4 filed related-organization links
  • 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: Independent voting board scored 25/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Sustainability: Operating margin scored 5/100.
  • Review — Accountability: Governance controls: 2 of 8 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 1/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 9/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.