Native360 Loan Fund Inc

Nonprofit profile at a glance

EIN
274573866
IRS 990 coverage
2012–2024
Forms available
Form 990 2024, Form 990-N 2011
Location
Grand Island, NE, USA
Phone
3088500303
Rating
55
Verdict
MIXED
Rating confidence
Moderate
Sector
Rural Economic Development

Reported finances

Revenue
$4,223,801
Expenses
$769,750
Assets
$14,595,940
Liabilities
$3,746,068

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

7 people listed

Highest reported compensation

  • PERCY UPTON (EXECUTIVE DI): $227,356 total reported compensation
  • NICOLLE UPTON (SENIOR FINAN): $106,088 total reported compensation
  • RORY BOWEN (TREASURER): $1,715 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Provide affordable credit, capital, technical assistance and programs to ponca tribal members and other native americans encouraging them to become strong and self sufficient business owners

What it reported doing in 2024

Provide training and technical assistance to ponca tribe of Nebraska tribal members and other native americans seeking to start, maintain or expand small businesses. This support will come from workshops, seminars, web based services, help writing a business plan, credit repair services, entrepreneurial training, web based technical assistance, and more. Activities will address barriers limiting successful development of micro businesses. First ponca financial will also make loans to the same persons that participate in its training and assistance program.

Operating model

Revenue model
Donor-supported. 61% of the money available for current operations came from contributions and gifts.
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

MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.

Rating breakdown

  • Financial Efficiency: 29
  • Transparency & Controls: 65
  • Accountability: 76
  • Sustainability: 79
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 13.9%; rating input score 14
  • Program expense ratio: 62.6%; rating input score 63
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 83.3%; rating input score 83; 16th percentile among comparable filings
  • Governance controls: 6 of 9 controls in place; rating input score 67
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 81.8%; rating input score 98; 98th percentile among comparable filings
  • Total-asset coverage ratio: 18.96; rating input score 95; 95th percentile among comparable filings
  • Liabilities to assets ratio: 0.26; rating input score 38; 38th percentile among comparable filings
  • Officer compensation ratio: 44.2%; rating input score 2; 2nd percentile among comparable filings

Growth

  • Program expense growth: 7.4% per year; rating input score 100; 52nd percentile among comparable filings
  • Revenue growth: 19.3% per year; rating input score 100; 87th percentile among comparable filings
  • Asset growth: 25% per year; rating input score 100; 90th percentile among comparable filings

Details

  • Where the money goes: 13.9% of revenue deployed · 62.6% of spending went to programs
  • Governance: 5 of 6 board members independent · 6 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $482K in reported program spending
  • Leadership: top reported pay $227K · 7 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 33 of 33 current checks pass
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 11 filing years from 2012 to 2024
  • Contacts: How to reach this organization
  • Money network: 13 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 14/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Review — Accountability: Governance controls: 3 of 9 not reported.
  • High — Sustainability: Officer compensation ratio scored 2/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 38/100.