Larc School Inc D/b/a the Larc Norcross School

Nonprofit profile at a glance

EIN
221978787
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Bellmawr, NJ, USA
Phone
8569333725
Rating
76
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Specialized Education Institutions

Official website

Reported finances

Revenue
$9,785,531
Expenses
$10,056,806
Assets
$14,237,770
Liabilities
$885,984

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

Leadership & pay

17 people listed

Executive titles in this filing

  • STEFANIE RIEHL (EXECUTIVE DIRECTOR)

Highest reported compensation

  • STEFANIE RIEHL (EXECUTIVE DIRECTOR): $213,889 total reported compensation
  • ROXANE ADAMS (SPEECH THERAPIST): $184,909 total reported compensation
  • JACLYN A BUECHELE (PHYSICAL THERAPIST): $143,882 total reported compensation

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

Overview

Mission

Larc school strives to meet the needs of all students and adults with varying disabilities in a dignified manner by providing opportunities for growth, development and most importantly, independence.

What it reported doing in 2024

Education program: larc school provides a diagnostic evaluation and treatment for children ages 3-21 with developmental delays in motor & cognitive skills, social growth, speech and language. The curriculum and school climate are designed to inspire students to love learning, invest themselves in their education, and to empower them to maximize their independence and quality of life. The preschool program offers a language enriched environment, individualized multi-sensory curriculum and total communication approach through play-based learning in a nurturing and supportive environment. The primary/intermediate program provides a strong focus on functional academics and age-appropriate social skills for children ages 5 to 13. A variety of learning activities and experiences are utilized to help each student achieve their individualized learning goals and objectives. The secondary program provides children ages 14 to 21 various opportunities for growth in independence and incorporates a work readiness program, community-based instruction, and adaptive physical education to facilitate the transition to adult life.

Operating model

Revenue model
Earned-program. 88% 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 most voting board members are independent. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 73
  • Transparency & Controls: 65
  • Accountability: 100
  • Sustainability: 38
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 79%; rating input score 79
  • Program expense ratio: 80.8%; rating input score 81
  • Fundraising efficiency: $6.24 raised per $1 spent on fundraising; rating input score 23; 23rd percentile among comparable filings

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: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 8 of 8 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: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -2.8%; rating input score 25; 25th percentile among comparable filings
  • Total-asset coverage ratio: 1.42; rating input score 50; 50th percentile among comparable filings
  • Liabilities to assets ratio: 0.06; rating input score 67; 67th percentile among comparable filings
  • Officer compensation ratio: 9.2%; rating input score 33; 33rd percentile among comparable filings

Growth

  • Program expense growth: 3.1% per year; rating input score 100; 28th percentile among comparable filings
  • Revenue growth: 3.1% per year; rating input score 100; 28th percentile among comparable filings
  • Asset growth: 4.4% per year; rating input score 100; 31st percentile among comparable filings

Details

  • Where the money goes: 79% of revenue deployed · 80.8% of spending went to programs
  • Governance: 11 of 11 board members independent · 8 of 8 filing controls reported
  • Programs: 2 filed program accomplishments · $8.1M in reported program spending
  • Leadership: top reported pay $214K · 17 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $651K reported
  • Consistency: 31 of 31 current checks pass
  • Schedules: 7 filed schedules · includes major donors and executive pay
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 6 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.
  • 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.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Financial Efficiency: Fundraising efficiency scored 23/100.
  • High — Sustainability: Operating margin scored 25/100.
  • Review — Sustainability: Total-asset coverage ratio scored 50/100.
  • Moderate — Sustainability: Officer compensation ratio scored 33/100.