Local Agricultural Community Exchange Co
Nonprofit profile at a glance
- EIN
- 204383541
- IRS 990-EZ coverage
- 2010–2010
- Forms available
- Form 990-EZ 2010
- Location
- Barre, VT, USA
- Phone
- 8024790912
- Rating
- 72
- Verdict
- SUPPORTED
- Rating confidence
- Limited
- Sector
- Management & Technical Assistance
Reported finances
- Revenue
- $162,015
- Expenses
- $131,225
- Assets
- $143,203
Source: IRS Form 990-EZ. Selected filing: tax year 2010. Amounts in USD.
Leadership & pay
9 people listed
Source: IRS Form 990-EZ. Selected filing: tax year 2010. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide a community food center in which farmers and citizens can participate in the exchange of foods, programs, and ideas to strengthen the community's physical, social, economic, and environmental health.
What it reported doing in 2010
LACE has created a community food center in which, farmers, citizens and the organization itself can participate in the exchange of foods, programs, and ideas to strengthen the community's physical, social, economic, and environmental health.For 2010 LACE received a non-cash service contribution, estimated at $30,000, for critical management services provided by the Excecutive Director.
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
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. The available information about grant readiness automatic revocation leaves an important question unanswered.
Rating breakdown
- Financial Efficiency: 72
- Transparency & Controls: 82
- Sustainability: 58
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 66.3%; rating input score 66
- Program expense ratio: 81.8%; rating input score 82
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 50th percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 19%; rating input score 81; 81st percentile among comparable filings
- Total-asset coverage ratio: 1.09; rating input score 68; 68th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: Limited
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 66.3% of revenue deployed · 81.8% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $107K in reported program spending
- Leadership: top reported pay $13K · 9 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Money network: 1 filed money-flow record
- 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 — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.