Pressley Ridge Texas

Nonprofit profile at a glance

EIN
853385058
IRS 990 coverage
2022–2024
Forms available
Form 990 2024, Form 990-N 2021
Location
Pittsburgh, PA, USA
Phone
4128729400
Rating
76
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Foster Care

Official website

Reported finances

Revenue
$43,230,302
Expenses
$38,898,810
Assets
$10,963,977
Liabilities
$5,507,256

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

Leadership & pay

9 people listed

Executive titles in this filing

  • SUSANNE COLE (PRESIDENT/CEO/CHAIR)
  • ROCKY HENSARLING (VICE PRESIDENT OF COMMUNITY BASED CARE)

Highest reported compensation

  • SUSANNE COLE (PRESIDENT/CEO/CHAIR): $607,560 total reported compensation
  • DOUG MULLINS (CFO/TREASURER): $397,085 total reported compensation
  • ROCKY HENSARLING (VICE PRESIDENT OF COMMUNITY BASED CARE): $185,552 total reported compensation

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

Overview

Mission

Texas family care network, a division of pressley ridge Texas, is the single source continuum contractor (sscc) for region 5 (deep east) of Texas. As the sscc, Texas family care network finds forever families for children in state care by finding foster or adoptive homes or other living arrangements and provides a full range of case management services.

What it reported doing in 2024

Community based care (cbc) in Texas is a child welfare service delivery model designed to improve outcomes for children and families in the foster care system by decentralizing service management to lead community-based organizations. Pressley ridge Texas serves as the lead agency managing the continuum of care in the region 5 designated catchment area. The Texas cbc program served 1,243 clients in the current tax year.

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.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 81
  • Transparency & Controls: 71
  • Accountability: 77
  • Sustainability: 46
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 87%; rating input score 87
  • Program expense ratio: 96.6%; rating input score 97
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 60%; rating input score 60; 10th 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: 10%; rating input score 67; 67th percentile among comparable filings
  • Total-asset coverage ratio: 0.28; rating input score 7; 7th percentile among comparable filings
  • Liabilities to assets ratio: 0.5; rating input score 29; 29th percentile among comparable filings
  • Officer compensation ratio: 1.7%; rating input score 79; 79th percentile among comparable filings

Growth

  • Program expense growth: 103.7% per year; rating input score 100; 99th percentile among comparable filings
  • Revenue growth: 105.3% per year; rating input score 100; 99th percentile among comparable filings
  • Asset growth: 78.6% per year; rating input score 100; 99th percentile among comparable filings

Details

  • Where the money goes: 87% of revenue deployed · 96.6% of spending went to programs
  • Governance: 3 of 5 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $37.6M in reported program spending
  • Leadership: top reported pay $608K · 9 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $6M reported
  • Consistency: 31 of 31 current checks pass
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Money network: 4 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 — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 7/100.
  • High — Sustainability: Liabilities to assets ratio scored 29/100.