LaunchAbility Inc

Nonprofit profile at a glance

EIN
751189353
IRS 990 coverage
2009–2016
Forms available
Form 990 2016
Location
Plano, TX, USA
Phone
9729916777
Rating
76
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Developmentally Disabled Centers

Official website

Reported finances

Revenue
$768,589
Expenses
$947,150
Assets
$59,094
Liabilities
$128,421

Source: IRS Form 990. Selected filing: tax year 2016. Amounts in USD.

Leadership & pay

31 people listed

Executive titles in this filing

  • BILL MURRAY (PRESIDENT/TRUSTEE)
  • KYLE LINER (president-elect/TRUSTEE)
  • KAREN WALD (IMMED PAST PRESIDENT/TRUST)
  • JAY HULL (FOUNDATION BOARD PRESIDENT)
  • RICHARD VAN HOOSER (EXECUTIVE DIRECTOR)

Highest reported compensation

  • RICHARD VAN HOOSER (EXECUTIVE DIRECTOR): $48,295 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2016. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

We are committed to opening hearts and minds to what those with disabilities can do and highlight the previously unrecognized diverse abilities. By exemplifying these abilities we support growth in our community and focus the opportunities of our clients through careers that will ultimately lead to a greater level of confidence and independence.

What it reported doing in 2016

Our career services for adults with disabilities includes our flagship supported employment -which was one of the first programs in Texas over 30 years ago to train adults with cognitive disabilities for meaningful jobs and match them with companies needing their skills. We help adults with intellectual disabilities, brain injury and other cognitive disabilities build independence through meaningful employment. In addition to our one-on-one supported employment services, we also have provided since 2010 an innovative service called the academy in collaboration with large employers. This pre-job training teaches both on-the-job skills and critical life skills in order for them to gain access to careers they otherwise would not be candidates for in complex, but growing industries. Regardless of whether our clients utilize supported employment or attend the academy, we provide assessment of client skills and interests, career planning, job placement, as well as onsite training and ongoing assistance after the person is on the job. Lauchability transforms the lives of these adults, helping tax consumers become taxpayers and included members of our community. In fy2015, the program served over 180 adults with cognitive disabilities. Our service area includes dallas, collin, and denton counties.

Operating model

Revenue model
Donor-supported. 67% of the money available for current operations came from contributions and gifts.
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. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 70
  • Transparency & Controls: 92
  • Accountability: 100
  • Sustainability: 11
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 83.3%; rating input score 83
  • Program expense ratio: 67.6%; rating input score 68
  • Fundraising efficiency: $3.99 raised per $1 spent on fundraising; rating input score 14; 14th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: Limited
  • 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: -23.2%; rating input score 7; 7th percentile among comparable filings
  • Total-asset coverage ratio: 0.06; rating input score 3; 3rd percentile among comparable filings
  • Liabilities to assets ratio: 2.17; rating input score 2; 2nd percentile among comparable filings
  • Officer compensation ratio: 5.1%; rating input score 57; 57th percentile among comparable filings

Growth

  • Program expense growth: -89.2% per year; rating input score 0; 0th percentile among comparable filings
  • Revenue growth: -19.8% per year; rating input score 0; 3rd percentile among comparable filings
  • Asset growth: -32.9% per year; rating input score 0; 2nd percentile among comparable filings

Details

  • Where the money goes: 83.3% of revenue deployed · 67.6% of spending went to programs
  • Governance: 30 of 30 board members independent · 8 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $640K in reported program spending
  • Leadership: top reported pay $48K · 31 people listed
  • Consistency: 31 of 31 current checks pass
  • Schedules: 6 filed schedules · includes major donors
  • Filing history: 7 filing years from 2009 to 2016
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 1 filed related-organization link
  • 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Financial Efficiency: Fundraising efficiency scored 14/100.
  • High — Sustainability: Operating margin scored 7/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 3/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 2/100.
  • Review — Sustainability: Officer compensation ratio scored 57/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.