Horace Mann Educational Associates Inc
Nonprofit profile at a glance
- EIN
- 042300014
- IRS 990 coverage
- 2009–2023
- Forms available
- Form 990 2023, Form 990-T 2023
- Location
- Franklin, MA, USA
- Phone
- 5082981100
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Developmentally Disabled Centers
Reported finances
- Revenue
- $44,317,459
- Expenses
- $42,417,016
- Assets
- $32,715,798
- Liabilities
- $14,325,226
Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.
Leadership & pay
32 people listed
Executive titles in this filing
- JULE NOACK (CEO & PRESIDENT)
- DIANE GOULD (PRESIDENT)
Highest reported compensation
- JULE NOACK (CEO & PRESIDENT): $371,483 total reported compensation
- DIANE GOULD (PRESIDENT): $344,463 total reported compensation
- MELISSA LEWIS (VP): $196,002 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To teach, support and empower people with developmental disabilities and their families to live meaningful lives of their choice.
What it reported doing in 2023
Day supportshmea provides a variety of employment and day habilitation programs to individuals over the age of 22 with developmental and intellectual disabilities. The goal of these programs is to provide productive and inclusive opportunities that match each individual's needs and abilities. Employment programs offer individualized services and support that recognize vocational interests, social development and learning styles. Services include assessment, job identification, job coaching, transitional services for school to work programs and evaluation. Day habilitation programs serve those individuals who do not have a desire to work or have more intensive medical needs that prohibit employment. These programs focus on providing community-based volunteer opportunities; as well as social and recreational activities.
Operating model
- Revenue model
- Other-operating. 97% of the money available for current operations came from other operating revenue.
- Distribution model
- Cannot be determined from the filing. The program-spending lines do not add up, so the filing cannot show reliably whether the nonprofit works directly or through others.
- 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. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 75
- Transparency & Controls: 89
- Accountability: 100
- Sustainability: 45
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 82%; rating input score 82
- Program expense ratio: 85.7%; rating input score 86
- Fundraising efficiency: $1.39 raised per $1 spent on fundraising; rating input score 4; 4th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 5 of 6 controls in place; rating input score 83
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Pass
- 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; 66th 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: 4.3%; rating input score 54; 54th percentile among comparable filings
- Total-asset coverage ratio: 0.77; rating input score 28; 28th percentile among comparable filings
- Liabilities to assets ratio: 0.44; rating input score 35; 35th percentile among comparable filings
- Officer compensation ratio: 3.3%; rating input score 64; 64th percentile among comparable filings
Growth
- Program expense growth: 1.3% per year; rating input score 100; 18th percentile among comparable filings
- Revenue growth: 2.9% per year; rating input score 100; 27th percentile among comparable filings
- Asset growth: 6.9% per year; rating input score 100; 49th percentile among comparable filings
Details
- Where the money goes: 82% of revenue deployed · 85.7% of spending went to programs
- Governance: 17 of 17 board members independent · 9 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $36.3M in reported program spending
- Leadership: top reported pay $371K · 32 people listed · 5 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $1.4M reported
- Consistency: 40 of 40 current checks pass
- Schedules: 9 filed schedules · includes major donors and executive pay
- Filing history: 15 filing years from 2009 to 2023
- Contacts: How to reach this organization
- Money network: 7 filed money-flow records
- Related organizations: 10 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 — Financial Efficiency: Fundraising efficiency scored 4/100.
- Review — Sustainability: Operating margin scored 54/100.
- High — Sustainability: Total-asset coverage ratio scored 28/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 35/100.