Kradwell School Inc
Nonprofit profile at a glance
- EIN
- 261516765
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Milwaukee, WI, USA
- Phone
- 4142991576
- Rating
- 37
- Verdict
- REVIEW
- Rating confidence
- Moderate
- Sector
- Specialized Education Institutions
Reported finances
- Revenue
- $1,327,014
- Expenses
- $1,458,710
- Assets
- $874,814
- Liabilities
- $2,666,636
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
17 people listed
Executive titles in this filing
- JESSICA SMALL (DIRECTOR, PRESIDENT)
Highest reported compensation
- DOMINIC NAKIS (FORMER OFFICER): $4,607,851 total reported compensation
- DENNIS POTTS (DIRECTOR, CHAIRPERSON): $3,056,057 total reported compensation
- BRAD CLARK (ASSISTANT TREASURER): $2,933,092 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Kradwell school is dedicated to serving students in 5th through 12th grade who have experienced overwhelming difficulties in traditional education environments. Our students' lives are complicated by emotional and psychological disorders such as depression, adhd, anxiety, dyslexia, and a myriad of other learning disorders.
What it reported doing in 2024
Kradwell school provides education for students with special educational needs. Kradwell's unique model of educational success is built upon the absolute acceptance of each individual student coupled with the deep belief that each student is capable and deserving of success.
Operating model
- Revenue model
- Earned-program. 68% 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
REVIEW - The filed numbers largely add up and most filed governance safeguards are in place. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 12
- Transparency & Controls: 64
- Accountability: 62
- Sustainability: 16
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 13.7%; rating input score 14
- Program expense ratio: 12.7%; rating input score 13
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 50%; rating input score 50; 11th percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- 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: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -9.9%; rating input score 17; 17th percentile among comparable filings
- Total-asset coverage ratio: 0.6; rating input score 28; 28th percentile among comparable filings
- Liabilities to assets ratio: 3.05; rating input score 1; 1st percentile among comparable filings
- Officer compensation ratio: 236.9%; rating input score 0; 0th percentile among comparable filings
Growth
- Program expense growth: -9% per year; rating input score 0; 5th percentile among comparable filings
- Revenue growth: -0.7% per year; rating input score 0; 12th percentile among comparable filings
- Asset growth: -8% per year; rating input score 0; 4th percentile among comparable filings
Details
- Where the money goes: 13.7% of revenue deployed · 12.7% of spending went to programs
- Governance: 2 of 4 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $185K in reported program spending
- Leadership: top reported pay $4.6M · 17 people listed · 0 of 6 pay-setting controls reported
- Consistency: 27 of 27 current checks pass
- Schedules: 6 filed schedules · includes executive pay
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 14/100.
- High — Financial Efficiency: Program expense ratio scored 13/100.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Review — Accountability: Independent voting board scored 50/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 17/100.
- High — Sustainability: Total-asset coverage ratio scored 28/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 1/100.