Leadsmart Training Solutions Inc
Nonprofit profile at a glance
- EIN
- 273030364
- IRS 990 coverage
- 2013–2024
- Forms available
- Form 990 2024
- Location
- South Berwick, ME, USA
- Phone
- 5087356041
- Rating
- 37
- Verdict
- REVIEW
- Rating confidence
- Moderate
Reported finances
- Revenue
- $797,871
- Expenses
- $892,062
- Assets
- $129,445
- Liabilities
- $478,681
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- PETER LAWTON (PRESIDENT,TR)
Highest reported compensation
- SCOTT SPYROPOULOS (VICE PRESIDE): $109,125 total reported compensation
- PETER LAWTON (PRESIDENT,TR): $106,866 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide occupational safety training in construction dealing with lead paint, asbestos and other toxic hazards, and to provide training in osha regulations relating to construction and worksite hazards
What it reported doing in 2024
The organization provides occupational safety training in construction dealing with lead paint, asbestos and other toxic hazards, and provides training in osha regulations relating to construction and worksite hazards. The organization's training offerings also include osha 89 cfr 1926 construction standards. The organization provides instruction to over 2,100 students in over 200 classes per year.
Operating model
- Revenue model
- Earned-program. 97% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
REVIEW - The filed numbers largely add up and revenue has grown recently. 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: 0
- Transparency & Controls: 90
- Accountability: 33
- Sustainability: 10
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: 0%; rating input score 0
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 33.3%; rating input score 33; 10th percentile among comparable filings
- Governance controls: 3 of 9 controls in place; rating input score 33
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- 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: -11.8%; rating input score 15; 15th percentile among comparable filings
- Total-asset coverage ratio: 0.15; rating input score 7; 7th percentile among comparable filings
- Liabilities to assets ratio: 3.7; rating input score 1; 1st percentile among comparable filings
- Officer compensation ratio: 24.2%; rating input score 10; 10th percentile among comparable filings
Growth
- Program expense growth: -20.4% per year; rating input score 0; 2nd percentile among comparable filings
- Revenue growth: 6.1% per year; rating input score 100; 50th percentile among comparable filings
- Asset growth: 10.4% per year; rating input score 100; 60th percentile among comparable filings
Details
- Where the money goes: 0% of revenue deployed · 0% of spending went to programs
- Governance: 1 of 3 board members independent · 3 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $109K · 3 people listed
- Consistency: 10 of 11 current checks pass · 1 finding to review
- Schedules: 3 filed schedules
- Filing history: 12 filing years from 2013 to 2024
- Contacts: How to reach this organization
- Money network: 4 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 — Financial Efficiency: Mission deployment rate scored 0/100.
- High — Financial Efficiency: Program expense ratio scored 0/100.
- Moderate — Accountability: Independent voting board scored 33/100.
- Moderate — Accountability: Governance controls: 5 of 8 not reported.
- Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
- High — Growth: Program expense growth scored 0/100.
- High — Sustainability: Operating margin scored 15/100.
- High — Sustainability: Total-asset coverage ratio scored 7/100.
- High — Sustainability: Liabilities to assets ratio scored 1/100.
- High — Sustainability: Officer compensation ratio scored 10/100.