Onward Eugene

Nonprofit profile at a glance

EIN
843296698
IRS 990 coverage
2022–2024
Forms available
Form 990 2024, Form 990-N 2020
Location
Eugene, OR, USA
Phone
5414841314
Rating
69
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Economic Development

Reported finances

Revenue
$3,867,336
Expenses
$1,209,183
Assets
$3,307,544
Liabilities
$492,179

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

Leadership & pay

12 people listed

Highest reported compensation

  • BRITTANY QUICK-WARNER (DIRECTOR): $162,362 total reported compensation

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

Overview

Mission

Onward eugene's vision is for a thriving local economy that leads to inclusive prosperity.

What it reported doing in 2024

Business recovery & expansion: we are focused on supporting local businesses to help them survive and thrive and ensure they continue to call this region home. Entrepreneurship & innovation: onward eugene is committed to increasing the number of startups in our region and providing world class support for new companies to innovate and thrive in our community. Regional marketing & business recruitment: the eugene area has so much to offer and we are working to amplify the visibility of the innovation that is happening in this region to signal to the nation that this is where businesses want to locate. Talent & leadership development: talent is the number one input to growth for all traded-sector industries. We work with regional partners to develop, retain and recruit a talented workforce through training opportunities and innovative programming.

Operating model

Revenue model
Donor-supported. 94% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 49% for direct work, and 51% for grants.

The verdict

SUPPORTED - 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 some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 46
  • Transparency & Controls: 86
  • Accountability: 77
  • Sustainability: 80
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 24.4%; rating input score 24
  • Program expense ratio: 77.8%; rating input score 78
  • Fundraising efficiency: $22.52 raised per $1 spent on fundraising; rating input score 62; 62nd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 91.7%; rating input score 92; 7th percentile among comparable filings
  • Pay-setting controls: 5 of 6 controls in place; rating input score 83
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 90.6%; rating input score 91; 26th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 92.3%; rating input score 92; 23rd percentile among comparable filings
  • Governance controls: 4 of 8 controls in place; rating input score 57
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Limited
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 68.7%; rating input score 96; 96th percentile among comparable filings
  • Total-asset coverage ratio: 2.74; rating input score 71; 71st percentile among comparable filings
  • Liabilities to assets ratio: 0.15; rating input score 51; 51st percentile among comparable filings
  • Officer compensation ratio: 2.8%; rating input score 70; 70th percentile among comparable filings

Growth

  • Program expense growth: 26.1% per year; rating input score 100; 90th percentile among comparable filings
  • Revenue growth: 81.1% per year; rating input score 100; 99th percentile among comparable filings
  • Asset growth: 97.3% per year; rating input score 100; 99th percentile among comparable filings

Details

  • Where the money goes: 24.4% of revenue deployed · 77.8% of spending went to programs
  • Governance: 12 of 13 board members independent · 4 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $940K in reported program spending
  • Leadership: top reported pay $162K · 12 people listed · 5 of 6 pay-setting controls reported
  • Consistency: 24 of 25 current checks pass · 1 finding to review
  • Schedules: 7 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: 10 filed money-flow records
  • Related organizations: 5 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.

  • High — Financial Efficiency: Mission deployment rate scored 24/100.
  • Review — Accountability: Governance controls: 3 of 7 not reported.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Review — Sustainability: Liabilities to assets ratio scored 51/100.