North Coast Builders Exchange Community Fund

Nonprofit profile at a glance

EIN
680454441
IRS 990 coverage
2022–2024
Forms available
Form 990 2024, Form 990-EZ 2021
Location
Santa Rosa, CA, USA
Phone
7075429502
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Scholarships, Student Financial Aid Services, Awards

Reported finances

Revenue
$581,850
Expenses
$635,553
Assets
$171,968
Liabilities
$143,622

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

Leadership & pay

24 people listed

Executive titles in this filing

  • LARRY RICHMOND (PAST PRESIDENT)
  • TONY SIMMONS (PRESIDENT)
  • AMY CHRISTOPHERSON BOLTEN (1ST VICE PRESIDENT)
  • TOM SWEGLE (2ND VICE PRESIDENT)
  • LISA WITTKE SCHAFFNER (CHIEF EXECUTIVE OFFICER)

Highest reported compensation

  • LISA WITTKE SCHAFFNER (CHIEF EXECUTIVE OFFICER): $218,360 total reported compensation
  • NICOLLETTE WEINZVEG (CHIEF PROGRAM OFFICER): $117,357 total reported compensation
  • DEBORAH LEE (CHIEF FINANCIAL OFFICER): $106,619 total reported compensation

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

Overview

Mission

The fund provides scholarhips to students in higher education. It also assists and prepares high school students through the choices educational program to enter the construction industry workforce.

What it reported doing in 2024

Educational scholarships, grants, and other educational programs including career tech training and career fairs. The north bay construction corps (nbcc) is an after-school, 5-month basic construction training program for seniors in their last semester of high school. Classes are taught by local contractors and construction managers. Participants are introduced to a variety of trades and earn certifications in forklift and scissor lift operation, personal protective equipment and cpr/first aid. Successful students are interviewed for jobs.

Operating model

Revenue model
Donor-supported. 76% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 79% for direct work, and 21% for grants.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 90
  • Transparency & Controls: 71
  • Accountability: 77
  • Sustainability: 19
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 92.5%; rating input score 92
  • Program expense ratio: 84.6%; rating input score 85
  • Fundraising efficiency: $740.34 raised per $1 spent on fundraising; rating input score 97; 97th percentile among comparable filings

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: 100%; rating input score 100; 76th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 4 of 9 controls in place; rating input score 44
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -9.2%; rating input score 18; 18th percentile among comparable filings
  • Total-asset coverage ratio: 0.27; rating input score 13; 13th percentile among comparable filings
  • Liabilities to assets ratio: 0.84; rating input score 8; 8th percentile among comparable filings
  • Officer compensation ratio: 5.2%; rating input score 53; 53rd percentile among comparable filings

Growth

  • Program expense growth: 40.3% per year; rating input score 100; 94th percentile among comparable filings
  • Revenue growth: 21.8% per year; rating input score 100; 87th percentile among comparable filings
  • Asset growth: 14.4% per year; rating input score 100; 71st percentile among comparable filings

Details

  • Where the money goes: 92.5% of revenue deployed · 84.6% of spending went to programs
  • Governance: 21 of 21 board members independent · 4 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $538K in reported program spending
  • Leadership: top reported pay $218K · 24 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 23 of 23 current checks pass
  • Schedules: 9 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Money network: 4 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.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Moderate — Accountability: Governance controls: 5 of 9 not reported.
  • High — Sustainability: Operating margin scored 18/100.
  • High — Sustainability: Total-asset coverage ratio scored 13/100.
  • High — Sustainability: Liabilities to assets ratio scored 8/100.
  • Review — Sustainability: Officer compensation ratio scored 53/100.