Positive Maturity Inc
Nonprofit profile at a glance
- EIN
- 630590338
- IRS 990 coverage
- 2014–2024
- Forms available
- Form 990 2024
- Location
- Birmingham, AL, USA
- Phone
- 2058033211
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Senior Centers
Reported finances
- Revenue
- $1,834,536
- Expenses
- $1,871,796
- Assets
- $1,648,109
- Liabilities
- $377,084
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
21 people listed
Executive titles in this filing
- WANDA MCKOY (PRESIDENT)
- RONDA ROBINSON (VICE PRESIDENT)
- PENNY KAKOLIRIS (EXECUTIVE DIRECTOR)
Highest reported compensation
- PENNY KAKOLIRIS (EXECUTIVE DIRECTOR): $105,675 total reported compensation
- MICHELE BLACKMON (FINANCE DIRECTOR): $83,162 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Enhance lives of mature adults through social services and civic engagement: through retired senior volunteer, foster grandparent, and senior companion programs, as well as geriatric social services and nutrition programs.
What it reported doing in 2024
Foster grandparent program: Alabama ranks 47th in the nation for education and has one of the higher high school drop-out rates. In addition to the academic needs of younger children to be successful, the increased geographic mobility, lack of organized activities in poor neighborhoods, and the rise of single-parent families and families with two working parents have reduced the number of adult role models in the day-to-day lives of children. This increases the risk factors for dropout rates. Foster grandparents meet this need by utilizing low income senior volunteers who are able to pass a physical and extensive background checks, and have a desire to impact the life of a child. Each foster grandparent dedicates a minimum of 16 hours per week to mentor, tutor, and assist children with special needs. In return, foster grandparents earn a small stipend of $4.00 per hour as well as transportation costs, and meal reimbursement for the volunteer. Foster grandparents also receive 40 hours of training prior to being placed and each month have an in-service to keep them up to date on all the latest information about caring for someone.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- 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.
- Includes noncash contributions: Reported contributions include donated property or goods.
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 total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 70
- Transparency & Controls: 87
- Accountability: 100
- Sustainability: 33
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 80.3%; rating input score 80
- Program expense ratio: 78.3%; rating input score 78
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 93.8%; rating input score 94; 24th 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; 63rd 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%; rating input score 30; 30th percentile among comparable filings
- Total-asset coverage ratio: 0.88; rating input score 39; 39th percentile among comparable filings
- Liabilities to assets ratio: 0.23; rating input score 29; 29th percentile among comparable filings
- Officer compensation ratio: 10.1%; rating input score 36; 36th percentile among comparable filings
Growth
- Program expense growth: 1.5% per year; rating input score 100; 24th percentile among comparable filings
- Revenue growth: 1.1% per year; rating input score 100; 19th percentile among comparable filings
- Asset growth: 7% per year; rating input score 100; 47th percentile among comparable filings
Details
- Where the money goes: 80.3% of revenue deployed · 78.3% of spending went to programs
- Governance: 19 of 19 board members independent · 9 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $1.5M in reported program spending
- Leadership: top reported pay $106K · 21 people listed
- Consistency: 31 of 32 current checks pass · 1 finding to review
- Schedules: 5 filed schedules · includes major donors
- Filing history: 7 filing years from 2014 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- 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 — Sustainability: Operating margin scored 30/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 39/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- High — Sustainability: Liabilities to assets ratio scored 29/100.
- Moderate — Sustainability: Officer compensation ratio scored 36/100.