Lifetrack Resources Inc
Nonprofit profile at a glance
- EIN
- 410874507
- IRS 990 coverage
- 2010–2020
- Forms available
- Form 990 2020
- Location
- St Paul, MN, USA
- Phone
- 6512278471
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Vocational Rehabilitation
Reported finances
- Revenue
- $2,041,817
- Expenses
- $4,509,335
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2020. Amounts in USD.
Leadership & pay
14 people listed
Executive titles in this filing
- CURTIS KNUTSON (PRESIDENT)
People named in this filing
- WAYNE JARVIS (CHAIR)
- BONNIE RUSS (VICE CHAIR)
- CHARLES DURANT (TREASURER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Work together to develop the strengths within children, families, and adults facing the greatest life challenges.
What it reported doing in 2020
Child and family serviceslifetrack's mission is to strengthen resiliency in families experiencing the greatest disparities in education, health, employment, and income. Lifetrack specializes in providing individualized services through a continuum of care. We address the well-being of disadvantaged children and their families, and support individuals in their efforts of self-sufficiency many of whom are facing obstacles of physical or mental disabilities, criminal justice system involvement and/or poverty.lifetrack's families together program, which served 163 clients in 2021 (january-june), is designed to support the families in attaining health and stability through our two-sided approach: our home visiting program and therapeutic preschool. The home visiting program is an affiliate of the nationally evidence-based model, parents as teachers (pat), which provides parents with the education and skills needed to create safe and nurturing home environments that support healthy development and provides access to resources for parents to address their physical and mental health.the therapeutic preschool is naeyc (national association for the education of young children) accredited and four-star parent aware rated. It provides children with the intervention needed to overcome the effects of ongoing trauma so that they can succeed in kindergarten and beyond. In the preschool, each child's team consists of teachers, a mental health therapist, and a home visitor/parent educator. The team, working with the child's parent or caregiver, develops an individualized plan for addressing cognitive, developmental, or social-emotional delays at time of enrollment, and holds bi-weekly meetings to discuss the child's progress.
Operating model
- Revenue model
- Grant-funded. 83% of the money available for current operations came from government grants.
- Distribution model
- Grant intermediary. The nonprofit sent 60% of its reported program spending out as grants.
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: 94
- Transparency & Controls: 94
- Accountability: 88
- Sustainability: 11
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 90.8%; rating input score 91
- Fundraising efficiency: $47.27 raised per $1 spent on fundraising; rating input score 74; 74th 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: 100%; rating input score 100; 71st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 5 of 7 controls in place; rating input score 71
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -120.8%; rating input score 1; 1st percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 0; 0th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 92; 92nd percentile among comparable filings
Growth
- Program expense growth: -8.8% per year; rating input score 0; 6th percentile among comparable filings
- Revenue growth: -7% per year; rating input score 0; 4th percentile among comparable filings
- Asset growth: -7.3% per year; rating input score 0; 4th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 90.8% of spending went to programs
- Governance: 12 of 12 board members independent · 5 of 7 filing controls reported
- Programs: 3 filed program accomplishments · $4.1M in reported program spending
- Leadership: top reported pay $0 · 14 people listed
- Highest-paid contractors: 1 contractor listed · $258K reported
- Consistency: 31 of 31 current checks pass
- Schedules: 7 filed schedules · includes major donors and grants
- Filing history: 11 filing years from 2010 to 2020
- 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.
- High — Sustainability: Operating margin scored 1/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 0/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- High — Growth: Asset growth scored 0/100.