Prospectus Associates Inc

Nonprofit profile at a glance

EIN
232023612
IRS 990 coverage
2011–2024
Forms available
Form 990 2024
Location
Reading, PA, USA
Phone
6103724637
Rating
78
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Centers to Support the Independence of Specific Populations

Official website

Reported finances

Revenue
$24,133,588
Expenses
$20,840,665
Assets
$21,917,017
Liabilities
$2,243,788

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

Leadership & pay

21 people listed

Executive titles in this filing

  • MICHEL DETURCK (PRESIDENT)
  • THOMAS J WENTZEL (VICE PRESIDENT)
  • JODY WAGNER (CEO)

Highest reported compensation

  • JONATHAN COLON-COLON (COO): $191,205 total reported compensation
  • JODY WAGNER (CEO): $181,989 total reported compensation
  • NIKKI ROMAN-CRUZ (CFO): $172,627 total reported compensation

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

Overview

Mission

Proberco enriches the lives of people with disabilities and their families by providing innovative community participation, community living, employment opportunities, and family support services.see schedule o for continuation.we will fulfill our mission by engaging and supporting a talented and compassionate workforce; being inclusive; and living the guiding principles of accountability, communication, and trust every day.

What it reported doing in 2024

Day services refers to center-based support services that are provided from our corporate facility in reading, pa. Activities take place both in the facility and in the community. These services include: employment and vocational services and community participation supports (adult training). See additional information on schedule oemployment services help individuals with disabilities find and maintain competitive employment in the community. A job coach works with individuals through all phases of job development, hiring, on-the-job- training, and follow along services to ensure that the individual completes tasks to the satisfaction of the employer. Proberco also provides community work base assessments and administers a wexa program (work experience for adults) to promote employment opportunities for adults with disabilities. The program maintains a caseload of approximately 15 to 20 people.vocational services a training and employment program for adults with disabilities. Proberco employs approximately 59 workers with disabilities and partners with local businesses to provide packaging and subassembly services. Production workers also go out in the community in work teams to provide services at various businesses. Community participation supports (adult training) provide social and recreational activities for adults with disabilities from 8:30 a.m. To 3:30 p.m. Monday through friday. Activities include socialization, exploring interests and hobbies, community engagement, volunteer experiences, mobility training, along with physical fitness. One of our components is designed for individuals who are deaf and hard of hearing; we contract with an american sign language instructor who comes in twice a week to teach asl to participants and employees. There are 105 individuals who in adult training services.

Operating model

Revenue model
Other-operating. 98% of the money available for current operations came from other operating 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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 70
  • Transparency & Controls: 74
  • Accountability: 100
  • Sustainability: 61
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 73.7%; rating input score 74
  • Program expense ratio: 84.7%; rating input score 85
  • Fundraising efficiency: $1.32 raised per $1 spent on fundraising; rating input score 4; 4th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • 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; 66th 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: 13.6%; rating input score 74; 74th percentile among comparable filings
  • Total-asset coverage ratio: 1.05; rating input score 38; 38th percentile among comparable filings
  • Liabilities to assets ratio: 0.1; rating input score 73; 73rd percentile among comparable filings
  • Officer compensation ratio: 4.7%; rating input score 53; 53rd percentile among comparable filings

Growth

  • Program expense growth: 1.8% per year; rating input score 100; 18th percentile among comparable filings
  • Revenue growth: 3.5% per year; rating input score 100; 30th percentile among comparable filings
  • Asset growth: 7.3% per year; rating input score 100; 50th percentile among comparable filings

Details

  • Where the money goes: 73.7% of revenue deployed · 84.7% of spending went to programs
  • Governance: 15 of 15 board members independent · 9 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $17.6M in reported program spending
  • Leadership: top reported pay $191K · 21 people listed · 2 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $141K reported
  • Consistency: 35 of 35 current checks pass
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 14 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 6 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Fundraising efficiency scored 4/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 38/100.
  • Review — Sustainability: Officer compensation ratio scored 53/100.