Prospect North Cooperative Inc

Nonprofit profile at a glance

EIN
381857006
IRS 990-EZ coverage
2014–2025
Forms available
Form 990-EZ 2025
Location
Romeo, MI, USA
Phone
5866239206
Rating
77
Verdict
SUPPORTED
Rating confidence
Moderate

Reported finances

Revenue
$102,798
Expenses
$68,267
Assets
$98,486

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • TOM VAGI (PRESIDENT)
  • JIM GREEN (VICE PRESIDENT)

People named in this filing

  • TOM VAGI (PRESIDENT)
  • JIM GREEN (VICE PRESIDENT)
  • ELAINE KOTKOWSKI (SECRETARY)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Maintain cooperative housing

What it reported doing in 2025

Maintained cooperative housing complex on behalf of residents.

Operating model

Revenue model
Membership-supported. 100% of the money available for current operations came from membership dues.
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. No material rating questions were generated from the available inputs.

Rating breakdown

  • Financial Efficiency: 71
  • Transparency & Controls: 82
  • Sustainability: 68
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 60%; rating input score 60
  • Program expense ratio: 90%; rating input score 90

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 33.6%; rating input score 84; 84th percentile among comparable filings
  • Total-asset coverage ratio: 1.44; rating input score 70; 70th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: 0.8% per year; rating input score 100; 31st percentile among comparable filings
  • Revenue growth: 4.2% per year; rating input score 100; 40th percentile among comparable filings
  • Asset growth: 23.2% per year; rating input score 100; 81st percentile among comparable filings

Details

  • Where the money goes: 60% of revenue deployed · 90% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 3 filed program accomplishments · $61K in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 1 filed schedules
  • Filing history: 12 filing years from 2014 to 2025
  • Contacts: How to reach this organization
  • People: Everyone the filings name, and which of them the filings identify by more than a name.