Historic Depot District Richmondin

Nonprofit profile at a glance

EIN
813637673
IRS 990-EZ coverage
2016–2018
Forms available
Form 990-EZ 2018
Location
Richmond, IN, USA
Phone
7659665511
Rating
78
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Historical Societies, Related Historical Activities

Reported finances

Revenue
$12,715
Expenses
$8,213
Assets
$22,697

Source: IRS Form 990-EZ. Selected filing: tax year 2018. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • SUSAN YAEGER (PRESIDENT)

People named in this filing

  • SUSAN YAEGER (PRESIDENT)
  • RICK PARKER (VICE PRESIDE)
  • NATALIE SUMNER-RICHERT (SECRETARY)

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

Source: IRS Form 990-EZ. Selected filing: tax year 2018. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The purpose of the historic depot district richmond is to promote and preserve the historic depot area located in richmond, in. This will help stop the neighborhood and community deterioration and lessen neighborhood tensions. The association will promote the area to the community and tourists to attract additional businesses to the area to refurbish the area's deteriorating buildings.

Operating model

Revenue model
Donor-supported. 73% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 85% 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. Revenue has declined or grown slowly and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 78
  • Transparency & Controls: 82
  • Sustainability: 69
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 64.6%; rating input score 65
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 35.4%; rating input score 87; 87th percentile among comparable filings
  • Total-asset coverage ratio: 2.76; rating input score 74; 74th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 52.6% per year; rating input score 100; 95th percentile among comparable filings
  • Revenue growth: -34% per year; rating input score 0; 9th percentile among comparable filings
  • Asset growth: 1.6% per year; rating input score 100; 48th percentile among comparable filings

Details

  • Where the money goes: 64.6% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $8K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 3 filing years from 2016 to 2018
  • Contacts: How to reach this organization
  • 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 — Growth: Revenue growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.