HR Source
Legal name: Mima Management Institute
Nonprofit profile at a glance
- EIN
- 363010180
- IRS 990 coverage
- 2011–2016
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2016
- Location
- Downers Grove, IL, United States
- Phone
- 800-448-4584
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Management & Technical Assistance
Reported finances
- Revenue
- $756,571
- Expenses
- $894,962
- Assets
- $59,551
- Liabilities
- $2,173,086
Source: IRS Form 990. Selected filing: tax year 2016. Amounts in USD.
Leadership & pay
25 people listed
Executive titles in this filing
- MARY LYNN FAYOUMI (PRESIDENT)
Highest reported compensation
- MARY LYNN FAYOUMI (PRESIDENT): $345,346 total reported compensation
- KEVIN MENZER (CHIEF OPERATING OFFICER): $163,159 total reported compensation
- KELLY HAYDEN (CHIEF LEGAL COUNSEL): $133,854 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2016. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
HR Source provides resources, support, and services to help employers make confident decisions and apply effective workforce practices every day. We’re an association serving more than 1,200 companies and organizations in their role as employers. Yes, we’re an association. What’s that mean? We’re not unlike the many medical or professional associations you commonly hear about. The difference is that the industry we serve is a really diverse one – employers. And we’re a _trade association_ meaning that our members are organizations, rather than individuals.
What it reported doing in 2016
The institute offers seminars and on-site training in human resources practice and compliance, supervisory and leadership enhancement, and discrimination and harassment awareness.
Operating model
- Revenue model
- Earned-program. 100% of the money available for current operations came from fees and other program revenue.
- 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
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 total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 84
- Transparency & Controls: 77
- Accountability: 100
- Sustainability: 7
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 99.8%; rating input score 100
- Program expense ratio: 84.4%; rating input score 84
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd 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: -18.3%; rating input score 8; 8th percentile among comparable filings
- Total-asset coverage ratio: 0.07; rating input score 3; 3rd percentile among comparable filings
- Liabilities to assets ratio: 36.49; rating input score 0; 0th percentile among comparable filings
- Officer compensation ratio: 15.4%; rating input score 19; 19th percentile among comparable filings
Growth
- Program expense growth: 9% per year; rating input score 100; 66th percentile among comparable filings
- Revenue growth: 9% per year; rating input score 100; 70th percentile among comparable filings
- Asset growth: 7.4% per year; rating input score 100; 61st percentile among comparable filings
Details
- What they do: 4 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 99.8% of revenue deployed · 84.4% of spending went to programs
- Governance: 15 of 15 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $755K in reported program spending
- Leadership: top reported pay $345K · 25 people listed · 3 of 6 pay-setting controls reported
- Consistency: 22 of 22 current checks pass
- Schedules: 5 filed schedules · includes executive pay
- Filing history: 6 filing years from 2011 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.
- High — Sustainability: Operating margin scored 8/100.
- High — Sustainability: Total-asset coverage ratio scored 3/100.
- High — Sustainability: Liabilities to assets ratio scored 0/100.
- High — Sustainability: Officer compensation ratio scored 19/100.