Hacap

Nonprofit profile at a glance

EIN
420898405
IRS 990 coverage
2009–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024
Location
Hiawatha, IA, US
Phone
319-393-7811
Rating
88
Verdict
STRONG
Rating confidence
Moderate
Sector
Human Service Organizations

Official website

Reported finances

Revenue
$58,185,167
Expenses
$58,696,989
Assets
$14,768,023
Liabilities
$4,949,679

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

Leadership & pay

27 people listed

Executive titles in this filing

  • JOHN BRANDT (PRESIDENT)
  • RAE ANN GORDON (VICE-PRESIDENT)
  • JANE DRAPEAUX (CHIEF EXECUTIVE OFFICER)

Highest reported compensation

  • JANE DRAPEAUX (CHIEF EXECUTIVE OFFICER): $213,823 total reported compensation
  • MITCHEL FINN (CHIEF OPERATING OFFICER (THRU 06/25)): $171,823 total reported compensation
  • JASON FISHER (CHIEF FINANCIAL OFFICER): $153,309 total reported compensation

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

Overview

Mission

HACAP works to eliminate poverty and empower individuals and families in East Central Iowa through comprehensive services including food assistance, energy conservation, affordable housing, early childhood education, veteran support, and homelessness prevention.

What it reported doing in 2024

Food and nutrition - services include:-channeling donated and purchased food to various community outlets that feed the needy.-reimbursing registered home family day care providers for providing usda approved meals and snacks to children in their care.-providing prenatal and nutritional education and social assessment for pregnant women.-providing assessment and outreach for low-cost or no-cost health insurance.-providing well childcare for children from birth through 21 years of age.-administering the usda funded supplemental nutrition program for women, infants, and children (wic).-providing oral health education and screening for children from birth up to age 21.-providing nutritious meals and snacks that meet daily nutritional requirements for children and seniors.-providing meals, medical information, medical equipment loans, and some property maintenance services for the elderly.

Operating model

Revenue model
Grant-funded. 64% of the money available for current operations came from government grants.
Distribution model
Hybrid. The nonprofit split its reported program spending across 62% for direct work, and 38% for grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 93
  • Transparency & Controls: 83
  • Accountability: 100
  • Sustainability: 28
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 95%; rating input score 95
  • Program expense ratio: 94.2%; rating input score 94
  • Fundraising efficiency: $94.99 raised per $1 spent on fundraising; rating input score 84; 84th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 77th 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; 77th 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: -0.9%; rating input score 23; 23rd percentile among comparable filings
  • Total-asset coverage ratio: 0.25; rating input score 8; 8th percentile among comparable filings
  • Liabilities to assets ratio: 0.34; rating input score 52; 52nd percentile among comparable filings
  • Officer compensation ratio: 0.9%; rating input score 76; 76th percentile among comparable filings

Growth

  • Program expense growth: 7.6% per year; rating input score 100; 62nd percentile among comparable filings
  • Revenue growth: 6.2% per year; rating input score 100; 54th percentile among comparable filings
  • Asset growth: 2.5% per year; rating input score 100; 18th percentile among comparable filings

Details

  • What they do: 9 programs and campaigns described on the official site · 9 operating locations identified
  • Where the money goes: 95% of revenue deployed · 94.2% of spending went to programs
  • Governance: 21 of 21 board members independent · 9 of 9 filing controls reported
  • Programs: 5 filed program accomplishments · $55.3M in reported program spending
  • Leadership: top reported pay $214K · 27 people listed · 3 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $1.9M reported
  • Consistency: 37 of 37 current checks pass
  • Schedules: 8 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 98 filed money-flow records
  • Related organizations: 91 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.
  • 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 — Sustainability: Operating margin scored 23/100.
  • High — Sustainability: Total-asset coverage ratio scored 8/100.
  • Review — Sustainability: Liabilities to assets ratio scored 52/100.