Keiro Services

Nonprofit profile at a glance

EIN
954022185
IRS 990 coverage
2009–2024
Forms available
Form 990 2024, Form 990-T 2022
Location
Los Angeles, CA, USA
Phone
2138735700
Rating
87
Verdict
STRONG
Rating confidence
Standard
Sector
Nonmonetary Support N.E.C.

Official website

Reported finances

Revenue
$8,273,695
Expenses
$9,859,510
Assets
$110,544,043
Liabilities
$1,034,132

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

15 people listed

Executive titles in this filing

  • BEVERLY ITO (PRESIDENT & CHIEF EXECUTIVE OFFICER)

Highest reported compensation

  • BEVERLY ITO (PRESIDENT & CHIEF EXECUTIVE OFFICER): $228,168 total reported compensation
  • KEVIN ONISHI (CHIEF OPERATING OFFICER): $183,876 total reported compensation
  • BRAD FUJIKUNI (CHIEF FINANCIAL OFFICER): $170,782 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Keiro's mission is to enhance the quality of senior life in our community. Founded in 1961, keiro improves the quality of life for older adults and their caregivers in the japanese american communities of los angeles, orange, and ventura counties. Keiro provides a range of culturally-sensitive programs and resources, in both english and japanese, to meet the evolving needs of our aging community. In everything we do, we advance our mission through a person-centered, innovative, and collaborative approach.

What it reported doing in 2024

Programs for older adultskeiro's programs for older adults are designed to help participants approach aging with confidence, connection, and purposeful intention. Through quality of life classes (1,733 attendees) and genki living workshops (101 attendees) participants explored strategies to help them stay active, engage their minds, and explore meaningful ways to improve their quality of life. The annual keiro no hi festival (691 attendees) honored our community's older adults through a day of celebration and recognition for their lifelong accomplishments. Together, these programs empowered older adults to live well today while thoughtfully preparing for the future.programs for caregiverskeiro's programs for caregivers recognize and uplift those who provide care for others, ensuring they feel supported, prepared, and connected. Our biannual caregiver conference (192 attendees) brought together experts (health educators, attorneys and licensed clinical social workers), resource vendors specializing in aging services and support, and peer testimony to help caregivers navigate challenges of caregiving with confidence. These in-person and online events created a welcoming space to learn practical strategies, share experiences, and offer emotional support. Programs for communitykeiro's programs for community focus on creating new, and investing in existing, supportive aging programs and services that are accessible for older adults within their local communities. These programs included the grants program (39 recipient organizations, serving 8,364 beneficiaries) supporting older adult programs across multiple organizations and communities, the iyashi care program (222 patients) providing palliative care services for patients and their families where they reside, the new keiro kikyo home entity that will provide residential assisted living, the little tokyo service center partnership (139 clients) that provides mental health services for low-income older adults, and nikkei senior network (nsn) (42 community leaders across 23 community organizations). Through the nsn, keiro brings together community leaders to exchange resources, build partnerships, and collaborate toward shared goals that support and uplift the older adults and caregivers within their community organizations. Additionally, following the january 2025 southern California wildfires, keiro established a disaster recovery fund to support older adults and their families who were impacted by this disaster. Four local organizations within the pasadena and altadena communities were identified to implement meal programs, activities to promote connection, and increase access to disaster recovery assistance and case management services.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Grant intermediary. The nonprofit sent 64% of its reported program spending out as grants.
  • 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: 87
  • Transparency & Controls: 86
  • Accountability: 95
  • Sustainability: 45
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 83.7%; rating input score 84
  • Fundraising efficiency: $9.15 raised per $1 spent on fundraising; rating input score 35; 35th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 87.5%; rating input score 88; 2nd percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 99.3%; rating input score 99; 38th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 91.7%; rating input score 92; 22nd 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: -19.2%; rating input score 7; 7th percentile among comparable filings
  • Total-asset coverage ratio: 11.21; rating input score 92; 92nd percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 86; 86th percentile among comparable filings
  • Officer compensation ratio: 7.1%; rating input score 41; 41st percentile among comparable filings

Growth

  • Program expense growth: 21.3% per year; rating input score 100; 86th percentile among comparable filings
  • Revenue growth: 0.5% per year; rating input score 100; 13th percentile among comparable filings
  • Asset growth: 9% per year; rating input score 100; 54th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 83.7% of spending went to programs
  • Governance: 11 of 12 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $8.3M in reported program spending
  • Leadership: top reported pay $228K · 15 people listed · 4 of 6 pay-setting controls reported
  • Consistency: 35 of 37 current checks pass · 2 findings to review
  • Schedules: 7 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 14 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 34 filed money-flow records
  • Related organizations: 31 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Fundraising efficiency scored 35/100.
  • High — Sustainability: Operating margin scored 7/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Moderate — Sustainability: Officer compensation ratio scored 41/100.