Pioneer Concepts Inc

Nonprofit profile at a glance

EIN
364143602
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Galesburg, IL, USA
Phone
3093431550
Rating
83
Verdict
STRONG
Rating confidence
Moderate
Sector
Housing, Shelter N.E.C.

Reported finances

Revenue
$12,022,761
Expenses
$10,954,754
Assets
$33,185,863
Liabilities
$916,849

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

Leadership & pay

5 people listed

Executive titles in this filing

  • JEFFREY SHAW (PRESIDENT)
  • JOHN CARMODY (VICE PRESIDENT)

Highest reported compensation

  • JEFFREY SHAW (PRESIDENT): $9,000 total reported compensation
  • JOHN CARMODY (VICE PRESIDENT): $4,500 total reported compensation
  • GORDON MONN (DIRECTOR): $4,500 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 mission of the organization is articulated in its articles of incorporation as follows: the corporation is organized exclusively for charitable purposes as defined in section 501(c)(3) of the internal revenue code of 1986, as amended. In furtherance of those charitable purposes, the corporation shall be empowered to build, lease, acquire and otherwise own and operate residential facilities, nursing facilities, and other related facilities and services for the elderly, mentally retarded, mentally ill, developmentally disabled and other like conditions without regard to race, religion, color, sex, creed or national origin of said persons. The corporation will not engage in the practice of medicine nor render any licensed professional services.

What it reported doing in 2024

All program services related to providing and operating long-term care facilities and other related services to the developmentally disabled. The organization operates 10 facilities with a combined total of 142 beds within these facilities.

Operating model

Revenue model
Earned-program. 94% of the money available for current operations came from fees and other program revenue.
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. Some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 77
  • Transparency & Controls: 90
  • Accountability: 84
  • Sustainability: 63
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 83.1%; rating input score 83
  • Program expense ratio: 94%; rating input score 94
  • 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; 66th percentile among comparable filings
  • Governance controls: 5 of 8 controls in place; rating input score 62
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • 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: Pass

Sustainability

  • Operating margin: 8.9%; rating input score 65; 65th percentile among comparable filings
  • Total-asset coverage ratio: 3.03; rating input score 75; 75th percentile among comparable filings
  • Liabilities to assets ratio: 0.03; rating input score 88; 88th percentile among comparable filings
  • Officer compensation ratio: Limited

Growth

  • Program expense growth: 5.7% per year; rating input score 100; 47th percentile among comparable filings
  • Revenue growth: 3.6% per year; rating input score 100; 30th percentile among comparable filings
  • Asset growth: 3.4% per year; rating input score 100; 25th percentile among comparable filings

Details

  • Where the money goes: 83.1% of revenue deployed · 94% of spending went to programs
  • Governance: 4 of 4 board members independent · 5 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $10.3M in reported program spending
  • Leadership: top reported pay $9K · 5 people listed
  • Highest-paid contractors: 2 contractors listed · $591K reported
  • Consistency: 33 of 33 current checks pass
  • Schedules: 6 filed schedules
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • 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.

  • Review — Accountability: Governance controls: 3 of 8 not reported.