International District Merchants Parking Association

Nonprofit profile at a glance

EIN
910985981
IRS 990 coverage
2008–2018
Forms available
Form 990 2018
Location
Seattle, WA, USA
Phone
2066243426
Rating
75
Verdict
SUPPORTED
Rating confidence
Moderate

Reported finances

Revenue
$3,166,750
Expenses
$3,089,801
Assets
$439,010
Liabilities
$79,953

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

Leadership & pay

3 people listed

Executive titles in this filing

  • MICHAEL OLSON (EXECUTIVE DIRECTOR)

Highest reported compensation

  • MICHAEL OLSON (EXECUTIVE DIRECTOR): $104,339 total reported compensation

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

Overview

Mission

Merchants parking/transia is an independent, not-for-profit community association dedicated to the socio-economic advancement of the peoples of the international district through the development, management, and operation of parking and transportation services.

What it reported doing in 2018

Transia: fees charged to government agencies and other non-profit agencies for transporting participants in their programs. Para-transit services are provided to low income and disabled individuals. Agencies served include the seattle king county division of aging, department of social health services, metro, medicaid and others.

Operating model

Revenue model
Earned-program. 100% 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

SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 66
  • Transparency & Controls: 90
  • Accountability: 79
  • Sustainability: 37
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 73.2%; rating input score 73
  • Program expense ratio: 75%; rating input score 75
  • Fundraising efficiency: Limited

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: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 4 of 8 controls in place; rating input score 50
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • 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: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 2.4%; rating input score 46; 46th percentile among comparable filings
  • Total-asset coverage ratio: 0.14; rating input score 5; 5th percentile among comparable filings
  • Liabilities to assets ratio: 0.18; rating input score 51; 51st percentile among comparable filings
  • Officer compensation ratio: 3.4%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: 3.9% per year; rating input score 100; 45th percentile among comparable filings
  • Revenue growth: 2.6% per year; rating input score 100; 36th percentile among comparable filings
  • Asset growth: -7.3% per year; rating input score 0; 6th percentile among comparable filings

Details

  • Where the money goes: 73.2% of revenue deployed · 75% of spending went to programs
  • Governance: 2 of 2 board members independent · 4 of 8 filing controls reported
  • Programs: 2 filed program accomplishments · $2.3M in reported program spending
  • Leadership: top reported pay $104K · 3 people listed
  • Consistency: 26 of 26 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 10 filing years from 2008 to 2018
  • 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.

  • Review — Accountability: Governance controls: 3 of 7 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 5/100.
  • Moderate — Sustainability: Operating margin scored 46/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Liabilities to assets ratio scored 51/100.