Loras College
Nonprofit profile at a glance
- EIN
- 420680412
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Dubuque, IA, USA
- Phone
- 5635887100
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $71,824,838
- Expenses
- $69,052,949
- Assets
- $101,578,374
- Liabilities
- $47,896,187
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
33 people listed
Executive titles in this filing
- JAMES E COLLINS (PRESIDENT)
- MICHAEL DOYLE (PRESIDENT ELECT)
Highest reported compensation
- JAMES E COLLINS (PRESIDENT): $439,501 total reported compensation
- CRAIG SCHAEFER (DIRECTOR OF TV STUDIO): $286,224 total reported compensation
- DONNA HEALD (VP FOR ACADEMIC AFFAIRS): $188,276 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Loras, as a catholic liberal arts college, creates a community of active learners, reflective thinkers, ethical decision makers and responsible contributors in diverse professional, social and religious roles.
What it reported doing in 2024
Other program services include auxiliary programs such as housing and food service, research, pubic service and institutional support.
Operating model
- Revenue model
- Other-operating. 76% of the money available for current operations came from other operating revenue.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 58% for direct work, and 42% for grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 88
- Transparency & Controls: 73
- Accountability: 97
- Sustainability: 49
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 93.6%; rating input score 94
- Program expense ratio: 94.5%; rating input score 95
- Fundraising efficiency: $9.03 raised per $1 spent on fundraising; rating input score 39; 39th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Scored; rating input score 0
- Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 95.5%; rating input score 95; 48th percentile among comparable filings
- Governance controls: 9 of 9 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: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 3.9%; rating input score 52; 52nd percentile among comparable filings
- Total-asset coverage ratio: 1.47; rating input score 53; 53rd percentile among comparable filings
- Liabilities to assets ratio: 0.47; rating input score 38; 38th percentile among comparable filings
- Officer compensation ratio: 2.7%; rating input score 42; 42nd percentile among comparable filings
Growth
- Program expense growth: 0.6% per year; rating input score 100; 9th percentile among comparable filings
- Revenue growth: 1.2% per year; rating input score 100; 9th percentile among comparable filings
- Asset growth: 0.2% per year; rating input score 100; 8th percentile among comparable filings
Details
- Where the money goes: 93.6% of revenue deployed · 94.5% of spending went to programs
- Governance: 21 of 22 board members independent · 9 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $65.3M in reported program spending
- Leadership: top reported pay $440K · 33 people listed · 4 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $4M reported
- Consistency: 38 of 38 current checks pass
- Schedules: 13 filed schedules · includes major donors, foreign activity, grants, and executive pay
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 11 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.
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 — Transparency & Controls: Foreign activity oversight scored 0/100.
- Moderate — Financial Efficiency: Fundraising efficiency scored 39/100.
- Review — Sustainability: Operating margin scored 52/100.
- Review — Sustainability: Total-asset coverage ratio scored 53/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 38/100.
- Moderate — Sustainability: Officer compensation ratio scored 42/100.
- High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.