Itrace Foundation Inc

Nonprofit profile at a glance

EIN: 263889327
IRS 990 coverage: 2014–2018
Forms available: Form 990 2018
Location: Plantation, FL, USA
Phone: 8547278191
Rating: 67
Verdict: SUPPORTED
Rating confidence: Moderate
Sector: Specifically Named Diseases

Reported finances

Revenue: $123,738
Expenses: $184,277
Assets: $0
Liabilities: $0

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

Leadership & pay

7 people listed

Executive titles in this filing

TRANG GONZALEZ (EXECUTIVE DIRECTOR)

Highest reported compensation

TRANG GONZALEZ (EXECUTIVE DIRECTOR): $22,722 total reported compensation
MICHELE SLANE (PRES/DIRECTOR): $3,000 total reported compensation
JAY PEREZ (VICE PRES/DIRECTOR): $3,000 total reported compensation

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

Overview

Mission

Our goal is to conduct research to improve quality of life through identifying healthy lifestyle choices, professional development practices and to publicize this information through community based wellness events and professional publications and presentations.

What it reported doing in 2018

Research studies-promotes healthy living by actively engaging in outcomes-based research, educating targeted populations to manage their own health through a series of preventive, incremental and sustainable measures. This information benefits our total populace as well as aiding in the work of healthcare organizations.among our current research projects is cultural competence among professional foreign educated physical therapists by which we assess the current level of cultural competence among fept to improve patient-centered care. Findings from this study may assist fepts and the clinical management that employ them to address potential areas that require further reinforcement through cultural competence education thereby improving patient care.other studies also initiated include: examining fitness, agility, physical activity and the home environment among high school students and enabling pre-school physical activity.

Operating model

Revenue model: Earned-program. 78% 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. A relatively small share of total spending goes to programs and fundraising costs are high for each dollar raised.

Rating breakdown

Financial Efficiency: 62
Transparency & Controls: 82
Accountability: 86
Sustainability: 5
Growth: 0

Detailed rating inputs

Financial Efficiency

Mission deployment rate: 77.2%; rating input score 77
Program expense ratio: 54.4%; rating input score 54
Fundraising efficiency: $1.51 raised per $1 spent on fundraising; rating input score 7; 7th percentile among comparable filings

Transparency & Controls

Consistency checks: 90.9%; rating input score 91; 11th 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; 63rd percentile among comparable filings
Governance controls: 6 of 9 controls in place; rating input score 67
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail

Sustainability

Operating margin: -48.9%; rating input score 5; 5th 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: 22.1%; rating input score 17; 17th percentile among comparable filings

Growth

Program expense growth: -18.4% per year; rating input score 0; 8th percentile among comparable filings
Revenue growth: -21.2% per year; rating input score 0; 4th percentile among comparable filings
Asset growth: -26.3% per year; rating input score 0; 3rd percentile among comparable filings

Details

Where the money goes: 77.2% of revenue deployed · 54.4% of spending went to programs
Governance: 6 of 6 board members independent · 6 of 9 filing controls reported
Programs: 1 filed program accomplishment · $100K in reported program spending
Leadership: top reported pay $23K · 7 people listed
Consistency: 21 of 22 current checks pass · 1 finding to review
Schedules: 3 filed schedules
Filing history: 5 filing years from 2014 to 2018
Contacts: How to reach this organization
Money network: 7 filed money-flow records
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 — Financial Efficiency: Program expense ratio scored 54/100.
High — Financial Efficiency: Fundraising efficiency scored 7/100.
High — Sustainability: Operating margin scored 5/100.
Review — Accountability: Governance controls: 2 of 8 not reported.
High — Growth: Program expense growth scored 0/100.
High — Growth: Revenue growth scored 0/100.
High — Sustainability: Total-asset coverage ratio scored 1/100.
Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
High — Growth: Asset growth scored 0/100.
High — Sustainability: Officer compensation ratio scored 17/100.