Reta Inc

Nonprofit profile at a glance

EIN
351609946
IRS 990 coverage
2011–2024
Forms available
Form 990 2024
Location
Elkhart, IN, USA
Phone
5745223888
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Group Homes
Affiliation
Christianity

Official website

Reported finances

Revenue
$1,351,201
Expenses
$1,566,255
Assets
$5,218,152
Liabilities
$12,831

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

Leadership & pay

9 people listed

Executive titles in this filing

  • CHERYL YODER (VICE PRESIDENT)
  • AARON COATES (PRESIDENT)
  • STACEY GAGNON (CEO)

Highest reported compensation

  • STACEY GAGNON (CEO): $125,485 total reported compensation

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

Overview

Mission

Provide life-affirming services, building christ-centered families through community and connection.

What it reported doing in 2024

Mentorship: reta's mentorship program is designed to provide men, women, and teen clients with: safe, stable, and trusting adult relationships; support toward change and growth; goal setting; friendship that empowers, encourages, and inspires; and connection to resources within reta and the community. This program offers one-on-one mentorship, group classes, bible studies, couple's classes, and teen education. Additionally, it features a nine-week, trauma-informedhope and healingworkshop, which 42 women and 21 men completed in 2024. In 2024, there were 277 men's one-on-one mentoring/coaching appointments, 1340 women's one-on-one mentoring/coaching appointments, 822 attendees to reta group classes, and 97 appointment's for couples mentoring/coaching.

Operating model

Revenue model
Donor-supported. 97% 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

SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. A relatively small share of total spending goes to programs and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 68
  • Transparency & Controls: 92
  • Accountability: 84
  • Sustainability: 43
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 68.2%; rating input score 68
  • Program expense ratio: 59.1%; rating input score 59
  • Fundraising efficiency: $1,558.52 raised per $1 spent on fundraising; rating input score 98; 98th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd 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: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -15.9%; rating input score 12; 12th percentile among comparable filings
  • Total-asset coverage ratio: 3.33; rating input score 77; 77th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 77; 77th percentile among comparable filings
  • Officer compensation ratio: 8%; rating input score 44; 44th percentile among comparable filings

Growth

  • Program expense growth: 17.7% per year; rating input score 100; 79th percentile among comparable filings
  • Revenue growth: 15.7% per year; rating input score 100; 80th percentile among comparable filings
  • Asset growth: 24.7% per year; rating input score 100; 87th percentile among comparable filings

Details

  • Where the money goes: 68.2% of revenue deployed · 59.1% of spending went to programs
  • Governance: 6 of 6 board members independent · 5 of 8 filing controls reported
  • Programs: 6 filed program accomplishments · $926K in reported program spending
  • Leadership: top reported pay $125K · 9 people listed
  • Consistency: 31 of 31 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 14 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.

  • Review — Financial Efficiency: Program expense ratio scored 59/100.
  • Review — Accountability: Governance controls: 2 of 7 not reported.
  • High — Sustainability: Operating margin scored 12/100.
  • Moderate — Sustainability: Officer compensation ratio scored 44/100.