North Shore Elder Services Inc

Nonprofit profile at a glance

EIN
042595072
IRS 990 coverage
2010–2018
Forms available
Form 990 2018
Location
Danvers, MA, USA
Phone
9787504540
Rating
83
Verdict
STRONG
Rating confidence
Moderate
Sector
Senior Centers

Official website

Reported finances

Revenue
$21,573,941
Expenses
$22,089,707
Assets
$7,528,188
Liabilities
$6,444,739

Source: IRS Form 990. Selected filing: tax year 2018. Amounts in USD.

Leadership & pay

14 people listed

Executive titles in this filing

  • PAUL LANZIKOS (EXECUTIVE DIRECTOR)

Highest reported compensation

  • CHERYL KRISKO (CHIEF PROGRAM OFFICER): $138,420 total reported compensation
  • PAUL LANZIKOS (EXECUTIVE DIRECTOR): $126,159 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2018. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of north shorb elder services is to serve the functional needs of older adults residing on the north shore of Massachusetts and provide support, information, and service to them and their families.

What it reported doing in 2018

The home care services program provides services such as housekeeping, home delivered meals, grocery shopping, personal care, home health services, and adult day health programs to elders in surrounding communities.

Operating model

Revenue model
Grant-funded. 82% of the money available for current operations came from government grants.
Distribution model
Direct operator. The filing allocates 99% 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. The filing does not identify recipients for some grant dollars and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 83
  • Transparency & Controls: 78
  • Accountability: 100
  • Sustainability: 25
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 94.3%; rating input score 94
  • Program expense ratio: 92.1%; rating input score 92
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 94.4%; rating input score 94; 22nd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 48.8%; rating input score 49; 12th 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; 67th 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: -2.4%; rating input score 20; 20th percentile among comparable filings
  • Total-asset coverage ratio: 0.34; rating input score 13; 13th percentile among comparable filings
  • Liabilities to assets ratio: 0.86; rating input score 14; 14th percentile among comparable filings
  • Officer compensation ratio: 1.2%; rating input score 82; 82nd percentile among comparable filings

Growth

  • Program expense growth: 10.1% per year; rating input score 100; 76th percentile among comparable filings
  • Revenue growth: 8.7% per year; rating input score 100; 74th percentile among comparable filings
  • Asset growth: 18.6% per year; rating input score 100; 90th percentile among comparable filings

Details

  • Where the money goes: 94.3% of revenue deployed · 92.1% of spending went to programs
  • Governance: 12 of 12 board members independent · 9 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $20.3M in reported program spending
  • Leadership: top reported pay $138K · 14 people listed
  • Highest-paid contractors: 5 contractors listed · $8.4M reported
  • Consistency: 24 of 25 current checks pass · 1 finding to review
  • Schedules: 7 filed schedules · includes major donors and grants
  • Filing history: 9 filing years from 2010 to 2018
  • Contacts: How to reach this organization
  • Money network: 11 filed money-flow records
  • Related organizations: 6 filed related-organization links
  • 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.

  • Moderate — Transparency & Controls: Grant itemization coverage scored 49/100.
  • High — Sustainability: Operating margin scored 20/100.
  • High — Sustainability: Total-asset coverage ratio scored 13/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • High — Sustainability: Liabilities to assets ratio scored 14/100.