Rehabilitation Institute of Michigan Foundation
Nonprofit profile at a glance
- EIN
- 381417366
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024, Form 990-N 2012
- Location
- Detroit, MI, USA
- Phone
- 3137459731
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Hospital, Specialty
Reported finances
- Revenue
- $736,143
- Expenses
- $1,070,824
- Assets
- $7,768,656
- Liabilities
- $189,090
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
14 people listed
Executive titles in this filing
- KATHLEEN SPILLANE KNIGHT (PRESIDENT)
Highest reported compensation
- KATHLEEN SPILLANE KNIGHT (PRESIDENT): $148,591 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The reimagine life foundation is organized to elevate the quality of life for those with physical and cognitive disabilities by uniting them with people, resources, and solutions.
What it reported doing in 2024
Sportsability provides competitive and recreational sporting opportunities for persons with disabilities. See schedule o for additional information about this program.sportsability members have an opportunity to participate in a number of activities, including:- wheelchair basketball - wheelchair ballroom dancing- fitness training- adaptive bowling- hand cycling clinics- adaptive waterskiing- kayaking- adaptive snow skiing- wheelchair tennis clinics- weightlifting clinics- tai chi- yoga the rehabilitation institute of Michigan's certified therapeutic recreational specialists assist with the formation of teams, clinics, training, and equipment adaptations. Sportsability is open to children and adults throughout metropolitan detroit with disabling or chronic conditions, including spinal cord injury, brain injury, amputation, stroke, spina bifida, multiple sclerosis, and muscular dystrophy.
Operating model
- Revenue model
- Donor-supported. 67% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 95% 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
STRONG - 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 expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 82
- Transparency & Controls: 87
- Accountability: 90
- Sustainability: 38
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 73.8%; rating input score 74
- Fundraising efficiency: $4.29 raised per $1 spent on fundraising; rating input score 14; 14th percentile among comparable filings
Transparency & Controls
- Consistency checks: 92.9%; rating input score 93; 19th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 88.9%; rating input score 89; 38th percentile among comparable filings
- 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: 6 of 8 controls in place; rating input score 75
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Fail
- 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: Pass
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -45.5%; rating input score 3; 3rd percentile among comparable filings
- Total-asset coverage ratio: 7.25; rating input score 89; 89th percentile among comparable filings
- Liabilities to assets ratio: 0.02; rating input score 60; 60th percentile among comparable filings
- Officer compensation ratio: 13.9%; rating input score 26; 26th percentile among comparable filings
Growth
- Program expense growth: 14.1% per year; rating input score 100; 73rd percentile among comparable filings
- Revenue growth: -50.6% per year; rating input score 0; 0th percentile among comparable filings
- Asset growth: -23.6% per year; rating input score 0; 1st percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 73.8% of spending went to programs
- Governance: 12 of 12 board members independent · 6 of 8 filing controls reported
- Programs: 4 filed program accomplishments · $790K in reported program spending
- Leadership: top reported pay $149K · 14 people listed
- Consistency: 27 of 28 current checks pass · 1 finding to review
- Schedules: 6 filed schedules · includes major donors and grants
- Filing history: 9 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- Related organizations: 2 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.
- 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 14/100.
- High — Sustainability: Operating margin scored 3/100.
- Review — Accountability: Governance controls: 2 of 8 not reported.
- High — Growth: Revenue growth scored 0/100.
- High — Growth: Asset growth scored 0/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- High — Sustainability: Officer compensation ratio scored 26/100.