L & M Payee Services Inc

Nonprofit profile at a glance

EIN
571238057
IRS 990-EZ coverage
2010–2018
Forms available
Form 990-EZ 2018
Location
Wauwatosa, WI, USA
Phone
4147040586
Rating
84
Verdict
STRONG
Rating confidence
Moderate
Sector
Financial Counseling

Reported finances

Revenue
$32,238
Expenses
$43,652
Assets
$0

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

Leadership & pay

4 people listed

Executive titles in this filing

  • RONALD NORWOOD (President)
  • NEAL MIKULSKI (Vice President)

People named in this filing

  • RONALD NORWOOD (President)
  • ROSANNE NORWOOD (Treasurer)
  • NEAL MIKULSKI (Vice President)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

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

Overview

Mission

The agency offers representative payee services in milwaukee county to individuals receiving social security income or disability who have difficulty managing their financial responsabilities as well as protects then from financial exploitation and abuse.

What it reported doing in 2018

Social security benefits were being managed for a total of 0 clients at the end of 2018. All clients were transferred to another payee service provider. 85 different clients were serviced at some point during 2018. Clients were met in a one on one basis at least once a month and their bills were paid directly through the payee services during the month. Residual was disbursed to the clients after bills were paid.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 100
  • Transparency & Controls: 82
  • Sustainability: 8
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 99.6%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -35.4%; rating input score 15; 15th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 72.4%; rating input score 1; 1st percentile among comparable filings

Growth

  • Program expense growth: -1.1% per year; rating input score 0; 47th percentile among comparable filings
  • Revenue growth: -2.9% per year; rating input score 0; 43rd percentile among comparable filings
  • Asset growth: 12.3% per year; rating input score 100; 76th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 99.6% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $43K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 5 of 5 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 9 filing years from 2010 to 2018
  • Contacts: How to reach this organization
  • Money network: 2 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.

  • High — Sustainability: Operating margin scored 15/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 2/100.
  • High — Sustainability: Officer compensation ratio scored 1/100.