New Cassel Inc

Nonprofit profile at a glance

EIN
470548913
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Omaha, NE, USA
Phone
4023932277
Rating
84
Verdict
STRONG
Rating confidence
Moderate
Sector
Supportive Housing for Older Adults

Reported finances

Revenue
$9,549,210
Expenses
$9,110,675
Assets
$21,352,178
Liabilities
$1,578,141

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

Leadership & pay

17 people listed

Executive titles in this filing

  • TRACY LICHTI (PRESIDENT/CEO)

Highest reported compensation

  • TRACY LICHTI (PRESIDENT/CEO): $163,046 total reported compensation
  • MICHAEL ALMOND (CFO): $82,274 total reported compensation

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

Overview

Mission

New cassel retirement center is a caring residential community committed to providing an array of quality services. We celebrate the innate dignity and enhance the total wellness of the aging person. Our values include: respect, compassion, responsiveness and hospitality. New cassel continues the healing ministry of jesus.

What it reported doing in 2024

Franciscan day centre - the centre offers daytime support services for adults with functional loss, alzheimer's, or other aging frailties and provides a viable option for seniors who can no longer be at home alone or are isolated due to disability. The franciscan centre specializes in caring for older adults who benefit from cognitive engagement, structured activities, social opportunities, medication monitoring and nutritious meals in a secure environment and combines meaningful, stimulating activities with special focus on individuals with short term memory loss.we provide two meals and a snack to our day program participants each day. Meals are a great time to socialize and exchange stories with other day program participants and staff. Other benefits of the centre include medication supervision, family support groups, outside field trips, mobile podiatry, a beauty shop and a therapeutic garden.

Operating model

Revenue model
Other-operating. 94% of the money available for current operations came from other operating 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.

Rating breakdown

  • Financial Efficiency: 76
  • Transparency & Controls: 85
  • Accountability: 100
  • Sustainability: 59
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 83.6%; rating input score 84
  • Program expense ratio: 87.3%; rating input score 87
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

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: 4.6%; rating input score 49; 49th percentile among comparable filings
  • Total-asset coverage ratio: 2.34; rating input score 67; 67th percentile among comparable filings
  • Liabilities to assets ratio: 0.07; rating input score 64; 64th percentile among comparable filings
  • Officer compensation ratio: 2.7%; rating input score 71; 71st percentile among comparable filings

Growth

  • Program expense growth: 5.5% per year; rating input score 100; 42nd percentile among comparable filings
  • Revenue growth: 4.7% per year; rating input score 100; 39th percentile among comparable filings
  • Asset growth: 3.6% per year; rating input score 100; 27th percentile among comparable filings

Details

  • Where the money goes: 83.6% of revenue deployed · 87.3% of spending went to programs
  • Governance: 13 of 13 board members independent · 9 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $8M in reported program spending
  • Leadership: top reported pay $163K · 17 people listed · 3 of 6 pay-setting controls reported
  • Consistency: 32 of 32 current checks pass
  • Schedules: 7 filed schedules · includes major donors, executive pay, and related organizations
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • 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.
  • 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.

  • Moderate — Sustainability: Operating margin scored 49/100.