Industries Incorporated

Nonprofit profile at a glance

EIN
410915848
IRS 990 coverage
2010–2015
Forms available
Form 990 2015
Location
Mora, MN, USA
Phone
3206792354
Rating
84
Verdict
STRONG
Rating confidence
Moderate
Sector
Vocational Rehabilitation

Official website

Reported finances

Revenue
$2,263,784
Expenses
$2,274,756
Assets
$1,390,368
Liabilities
$725,370

Source: IRS Form 990. Selected filing: tax year 2015. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • DENISE JOHNSON (CO-EXECUTIVE DIRECTOR)

Highest reported compensation

  • DENISE JOHNSON (CO-EXECUTIVE DIRECTOR): $65,114 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2015. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To support people with disabilities and other challenges by providing training and employment services which result in greater independence in their communities.

What it reported doing in 2015

The organization focused on competitive employment services, and staff competency through certification, which increased placement. Further, this certification enhanced the organization's competence in working with higher needs individuals in competitive employment placement services.

Operating model

Revenue model
Earned-program. 96% of the money available for current operations came from fees and other program revenue.
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. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 74
  • Transparency & Controls: 92
  • Accountability: 100
  • Sustainability: 34
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 81.7%; rating input score 82
  • Program expense ratio: 81.3%; rating input score 81
  • Fundraising efficiency: $2.76 raised per $1 spent on fundraising; rating input score 10; 10th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd 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; 65th percentile among comparable filings
  • Governance controls: 8 of 8 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: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -0.5%; rating input score 31; 31st percentile among comparable filings
  • Total-asset coverage ratio: 0.61; rating input score 30; 30th percentile among comparable filings
  • Liabilities to assets ratio: 0.52; rating input score 26; 26th percentile among comparable filings
  • Officer compensation ratio: 2.9%; rating input score 68; 68th percentile among comparable filings

Growth

  • Program expense growth: 3.8% per year; rating input score 100; 47th percentile among comparable filings
  • Revenue growth: 1.8% per year; rating input score 100; 35th percentile among comparable filings
  • Asset growth: 4.4% per year; rating input score 100; 50th percentile among comparable filings

Details

  • Where the money goes: 81.7% of revenue deployed · 81.3% of spending went to programs
  • Governance: 7 of 7 board members independent · 8 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $1.8M in reported program spending
  • Leadership: top reported pay $65K · 8 people listed
  • Consistency: 27 of 27 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 6 filing years from 2010 to 2015
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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 10/100.
  • Moderate — Sustainability: Operating margin scored 31/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 30/100.
  • High — Sustainability: Liabilities to assets ratio scored 26/100.