Racine Revitalization Partnership Inc

Nonprofit profile at a glance

EIN
811338331
IRS 990 coverage
2017–2024
Forms available
Form 990 2024, Form 990-N 2016
Location
Racine, WI, USA
Phone
2624562340
Rating
64
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Community, Neighborhood Development

Reported finances

Revenue
$103,923
Expenses
$168,697
Assets
$937,736
Liabilities
$820,029

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

Leadership & pay

11 people listed

Executive titles in this filing

  • KATHLEEN SNYDER (EXECUTIVE DIRECTOR)
  • PAMALA HANDROW (PRESIDENT)
  • BOB REINDERS (VICE PRESIDENT)

Highest reported compensation

  • KATHLEEN SNYDER (EXECUTIVE DIRECTOR): $76,535 total reported compensation

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

Overview

Mission

Our mission is to build a better Racine through the social, physical, and economic revitalization of our neighborhoods.

What it reported doing in 2024

The Organizations core strategies include: Resident Participation: Involve neighborhood residents in the revitalization process and use their involvement in the process to help them achieve personal growth. Collaboration: 1) Create partnerships between private businesses, nonprofit institutions, and government. 2) Partner to ensure the most efficient use of limited resources. Economic Inclusion: 1) Create an investment-friendly environment to foster economic development in the neighborhood. 2) Utilize investments in housing and other projects to leverage job training, employment opportunities, and contracting opportunities for our residents. 3) Work with financial institutions to ensure our residents and businesses have equal access to federally-insured banking institutions that will provide households with the opportunity to conduct basic financial transactions, save for emergency and long-term security needs, build a solid credit history, and have access to credit on fair and affordable terms.

Operating model

Revenue model
Grant-funded. 75% of the money available for current operations came from government grants.
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 - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 43
  • Transparency & Controls: 92
  • Accountability: 84
  • Sustainability: 27
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 22.5%; rating input score 22
  • Program expense ratio: 68%; rating input score 68
  • Fundraising efficiency: $46.13 raised per $1 spent on fundraising; rating input score 75; 75th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th 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: 5 of 8 controls in place; rating input score 62
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -62.3%; rating input score 4; 4th percentile among comparable filings
  • Total-asset coverage ratio: 5.56; rating input score 81; 81st percentile among comparable filings
  • Liabilities to assets ratio: 0.87; rating input score 6; 6th percentile among comparable filings
  • Officer compensation ratio: 45.4%; rating input score 5; 5th percentile among comparable filings

Growth

  • Program expense growth: -5.5% per year; rating input score 0; 16th percentile among comparable filings
  • Revenue growth: -9.1% per year; rating input score 0; 6th percentile among comparable filings
  • Asset growth: 19.5% per year; rating input score 100; 84th percentile among comparable filings

Details

  • Where the money goes: 22.5% of revenue deployed · 68% of spending went to programs
  • Governance: 10 of 10 board members independent · 5 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $115K in reported program spending
  • Leadership: top reported pay $77K · 11 people listed
  • Consistency: 27 of 27 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 7 filing years from 2017 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: Filed and resolved organization relationships.
  • 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 — Financial Efficiency: Mission deployment rate scored 22/100.
  • Review — Accountability: Governance controls: 3 of 8 not reported.
  • High — Sustainability: Operating margin scored 4/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 5/100.
  • High — Sustainability: Liabilities to assets ratio scored 6/100.