Rochester Senior Center Foundation

Nonprofit profile at a glance

EIN
411483324
IRS 990 coverage
2010–2013
Forms available
Form 990 2013
Location
Rochester, MN, USA
Phone
5072871404
Rating
80
Verdict
STRONG
Rating confidence
Moderate
Sector
Senior Centers

Official website

Reported finances

Revenue
$149,134
Expenses
$188,895
Assets
$1,583,882
Liabilities
$574,112

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

Leadership & pay

23 people listed

Executive titles in this filing

  • SALLY GALLAGHER (EXECUTIVE DIRECTOR)
  • TIMOTHY MELIN (VICE PRESIDENT)
  • ANN SAND (PAST PRESIDENT)
  • LUCINDA STOCKWELL (PRESIDENT)
  • DR ERIC TANGALOS (AGENCY BOARD PRESIDENT)

Highest reported compensation

  • SALLY GALLAGHER (EXECUTIVE DIRECTOR): $82,851 total reported compensation
  • DEAN STENEHJEM (DEVELOPMENT DIRECTOR): $67,320 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2013. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

See 990 part 1, line 1.

What it reported doing in 2013

Raise funds to increase the assets of the foundation in order to help subsidize the programs and activities of the rochester senior center.

Operating model

Revenue model
Other-operating. 79% of the money available for current operations came from other operating revenue.
Distribution model
Grant intermediary. The nonprofit sent 79% of its reported program spending out as grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

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: 71
  • Transparency & Controls: 94
  • Accountability: 95
  • Sustainability: 33
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 87.4%; rating input score 87
  • Program expense ratio: 66.8%; rating input score 67
  • Fundraising efficiency: $0.62 raised per $1 spent on fundraising; rating input score 5; 5th 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: 100%; rating input score 100; 79th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 91.3%; rating input score 91; 25th 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: -26.7%; rating input score 10; 10th percentile among comparable filings
  • Total-asset coverage ratio: 8.38; rating input score 87; 87th percentile among comparable filings
  • Liabilities to assets ratio: 0.36; rating input score 20; 20th percentile among comparable filings
  • Officer compensation ratio: 38.5%; rating input score 6; 6th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 21.8% per year; rating input score 100; 85th percentile among comparable filings
  • Asset growth: 11.4% per year; rating input score 100; 73rd percentile among comparable filings

Details

  • Where the money goes: 87.4% of revenue deployed · 66.8% of spending went to programs
  • Governance: 21 of 23 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $126K in reported program spending
  • Leadership: top reported pay $83K · 23 people listed
  • Consistency: 25 of 25 current checks pass
  • Schedules: 7 filed schedules · includes major donors and grants
  • Filing history: 3 filing years from 2010 to 2013
  • Contacts: How to reach this organization
  • Money network: 2 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.

Key Signals

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

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Financial Efficiency: Fundraising efficiency scored 5/100.
  • High — Sustainability: Operating margin scored 10/100.
  • High — Sustainability: Officer compensation ratio scored 6/100.
  • High — Sustainability: Liabilities to assets ratio scored 20/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.