Iron Triangle Cultural Center

Nonprofit profile at a glance

EIN
270279443
IRS 990 coverage
2010–2015
Forms available
Form 990 2015
Location
Richmond, CA, USA
Phone
5102342624
Rating
75
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Arts, Cultural Organizations - Multipurpose

Reported finances

Revenue
$148,562
Expenses
$593,792
Assets
$0
Liabilities
$0

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

Leadership & pay

5 people listed

Executive titles in this filing

  • GLENN W HOLSCLAW (PRESIDENT)
  • TAMINA RAMOS ALON ESQ (VICE PRESIDENT)

Highest reported compensation

  • JORDAN SIMMONS (ARTISTIC DIRECTOR): $76,000 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 activities for the benefit of an affiliate of the organization. The mission of the affiliate focuses on creating opportunities for artistic excellence, personal growth, and open communication for youth from diverse backgrounds, as well as nurturing culturally distinctive performing arts as tools for civic engagement, social justice and change.

What it reported doing in 2015

The organization supports activities for the benefit of an affiliate of the organization. The affiliate of the organization fulfilled its mission through the following major programs: 1)"call and response" providing 30-40 performances per year tailored to community requests; 2)year-round main site pre-diploma program annually providing 20,000+ hours of instruction to 400+ students; 3) art & public education outreach programs reaching 1,200+ students at 10-15 public school sites; 4) artists diploma program, a comprehensive, curriculum-driven program providing multicultural arts & civic leadership training for our urban community with a current enrollment of 56 students, aged 12-18.

Operating model

Revenue model
Earned-program. 83% 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 - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 82
  • Transparency & Controls: 90
  • Accountability: 65
  • Sustainability: 0
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 79.9%; rating input score 80
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd 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: 80%; rating input score 80; 19th percentile among comparable filings
  • Governance controls: 3 of 7 controls in place; rating input score 43
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -299.7%; rating input score 0; 0th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: Limited

Growth

  • Program expense growth: -7.5% per year; rating input score 0; 23rd percentile among comparable filings
  • Revenue growth: 5.9% per year; rating input score 100; 62nd percentile among comparable filings
  • Asset growth: -18.1% per year; rating input score 0; 7th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 79.9% of spending went to programs
  • Governance: 4 of 5 board members independent · 3 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $474K in reported program spending
  • Leadership: top reported pay $76K · 5 people listed
  • Consistency: 16 of 16 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 6 filing years from 2010 to 2015
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 1 filed related-organization link
  • 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.

  • Moderate — Accountability: Governance controls: 4 of 7 not reported.
  • High — Sustainability: Operating margin scored 0/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 1/100.
  • High — Growth: Asset growth scored 0/100.