Ravenna Economic Development Corp

Nonprofit profile at a glance

EIN
470698410
IRS 990-EZ coverage
2012–2013
Forms available
Form 990-EZ 2013, Form 990-N 2011
Location
Ravenna, NE, USA
Phone
3084523133
Rating
36
Verdict
REVIEW
Rating confidence
Moderate
Sector
Public, Societal Benefit

Reported finances

Revenue
$33,410
Expenses
$28,415
Assets
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2013. Amounts in USD.

Leadership & pay

16 people listed

Executive titles in this filing

  • RODNEY POKORSKI (PRESIDENT)

People named in this filing

  • PAUL MCDOWELL (VICE PRESIDE)
  • RODNEY POKORSKI (PRESIDENT)
  • DENISE BOLLING (SEC)

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 2013. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Ravenna's economic development program is a reflection of the community's forward-thinking, progressive and passionate citizens and business community. The aim of ravenna's economic development program is job retention, business expansion, business recruitment, job training and the creation of opportunities for local businesses to reach a global marketplace. The success of this program will help to ensure that the quality of life for ravenna residents is maintained and enhanced, allowing future generations to enjoy the same community qualities that current residents cherish.

What it reported doing in 2013

Promote the community by maintaining a website for the city of ravenna and participating in various community events.

Operating model

Revenue model
Donor-supported. 96% of the money available for current operations came from contributions and gifts.
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

REVIEW - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 4
  • Transparency & Controls: 82
  • Sustainability: 34
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 4.3%; rating input score 4
  • Program expense ratio: 4%; rating input score 4

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 15%; rating input score 71; 71st percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 112.9%; rating input score 0; 0th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: -71.5% per year; rating input score 0; 5th percentile among comparable filings
  • Asset growth: -200% per year; rating input score 0; 0th percentile among comparable filings

Details

  • Where the money goes: 4.3% of revenue deployed · 4% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $1K in reported program spending
  • Leadership: top reported pay $0 · 16 people listed
  • Consistency: 5 of 6 current checks pass · 1 finding to review
  • Schedules: 2 filed schedules
  • Filing history: 2 filing years from 2012 to 2013
  • 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.

  • High — Financial Efficiency: Mission deployment rate scored 4/100.
  • High — Financial Efficiency: Program expense ratio scored 4/100.
  • Moderate — Transparency & Controls: Part I part ii net assets crosscheck did not reconcile in the filed values.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 1/100.
  • High — Sustainability: Officer compensation ratio scored 0/100.