Pegasus Title Inc

Nonprofit profile at a glance

EIN
631124383
IRS 990 coverage
2009–2015
Forms available
Form 990 2015
Location
Montgomery, AL, USA
Phone
3343233204
Rating confidence
Limited
Sector
Housing, Shelter N.E.C.

Reported finances

Revenue
$0
Expenses
$53,854
Assets
$1,085,917
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2015. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • ALVA LAMBERT (BOARD MEMBER-PRESIDENT)
  • Jeffrey Merrett thru 102215 (OUTGOING EXECUTIVE DIRECTOR)
  • Denezia Stringer (INTERIM EXECUTIVE DIRECTOR)
  • TIM DAVIS Start date 2816 (INCOMING EXECUTIVE DIRECTOR)

Highest reported compensation

  • Jeffrey Merrett thru 102215 (OUTGOING EXECUTIVE DIRECTOR): $67,298 total reported compensation
  • Denezia Stringer (INTERIM EXECUTIVE DIRECTOR): $61,905 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2015. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Provided facilities for chemical addictions program, inc., a 501(c)(3) organization.

What it reported doing in 2015

Provided outpatient facilities for chemical addictions program, inc. a 501(c)(3) organization. The estimated value of the facilities provided based on fair rental value is $120,000.

Operating model

Revenue model
No positive adjusted resources. The filing reports no positive adjusted operating resources.
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

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: 75
  • Transparency & Controls: 90
  • Accountability: 74
  • Sustainability: 33
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: 100%; rating input score 100
  • 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: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 3 of 8 controls in place; rating input score 38
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: Limited
  • Total-asset coverage ratio: 20.16; rating input score 81; 81st percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 72; 72nd percentile among comparable filings
  • Officer compensation ratio: 31.8%; rating input score 10; 10th percentile among comparable filings

Growth

  • Program expense growth: -91% per year; rating input score 0; 7th percentile among comparable filings
  • Revenue growth: -14.1% per year; rating input score 0; 34th percentile among comparable filings
  • Asset growth: -5.9% per year; rating input score 0; 25th percentile among comparable filings

Details

  • Where the money goes: 100% of spending went to programs
  • Governance: 5 of 5 board members independent · 3 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $54K in reported program spending
  • Leadership: top reported pay $67K · 8 people listed
  • Consistency: 12 of 12 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 7 filing years from 2009 to 2015
  • Contacts: How to reach this organization
  • 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • Moderate — Accountability: Governance controls: 5 of 8 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 10/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.