Opportunities for Broome Inc

Nonprofit profile at a glance

EIN
160903802
IRS 990 coverage
2010–2020
Forms available
Form 990 2020
Location
Binghamton, NY, USA
Phone
6077236493
Rating
83
Verdict
STRONG
Rating confidence
Moderate
Sector
Children's, Youth Services

Reported finances

Revenue
$2,336,949
Expenses
$2,448,485
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2020. Amounts in USD.

Leadership & pay

14 people listed

Executive titles in this filing

  • JERRY SKRIVAN (PRESIDENT)
  • ROBERT STARR (VICE PRESIDENT)
  • MARK SILVANIC (EXECUTIVE DIRECTOR)

Highest reported compensation

  • MARK SILVANIC (EXECUTIVE DIRECTOR): $70,241 total reported compensation
  • CHRISTINE MONSEN (FINANCE DIRECTOR): $49,811 total reported compensation
  • KELLY ROBERTSON (DEPUTY DIRECTOR): $43,240 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of opportunities for broome is to assist individuals and families to improve the qualtiy of their lives through the development of self-reliance, while promoting a culture of people working together to help themselves, one another, and their community. Opportunities for broome contributes to the economic and social development of broome county and its surrounding communities through the provision of comprehensive services that include emergency assistance, advocacy, early education, and safe affordable housing. The braiding of community resources and the building of effective partnerships serves as the cornerstone for the foundation of our agency.

What it reported doing in 2020

Head start: provides comprehensive early childhood development services to disadvantaged preschool children and their families. The organization received in-kind donations of teaching and aide services totaling $182,324 for 2020.

Operating model

Revenue model
Grant-funded. 81% of the money available for current operations came from government grants.
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 and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 81
  • Transparency & Controls: 92
  • Accountability: 100
  • Sustainability: 11
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 93.2%; rating input score 93
  • Program expense ratio: 88.9%; rating input score 89
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th 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: -4.8%; rating input score 13; 13th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 0; 0th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 6.7%; rating input score 41; 41st percentile among comparable filings

Growth

  • Program expense growth: 1.2% per year; rating input score 100; 32nd percentile among comparable filings
  • Revenue growth: -1.3% per year; rating input score 0; 13th percentile among comparable filings
  • Asset growth: -0.7% per year; rating input score 0; 15th percentile among comparable filings

Details

  • Where the money goes: 93.2% of revenue deployed · 88.9% of spending went to programs
  • Governance: 12 of 12 board members independent · 9 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $2.2M in reported program spending
  • Leadership: top reported pay $70K · 14 people listed
  • Consistency: 27 of 28 current checks pass · 1 finding to review
  • Schedules: 6 filed schedules · includes major donors
  • Filing history: 11 filing years from 2010 to 2020
  • Contacts: How to reach this organization
  • Money network: 3 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 — Sustainability: Operating margin scored 13/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • Moderate — Sustainability: Officer compensation ratio scored 41/100.