Rubicon Incorporated

Nonprofit profile at a glance

EIN
540893039
IRS 990 coverage
2013–2014
Forms available
Form 990 2014
Location
Richmond, VA, USA
Phone
8043593255
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Alcohol, Drug Abuse, Treatment Only

Official website

Reported finances

Revenue
$4,198,922
Expenses
$4,253,226
Assets
$2,998,722
Liabilities
$3,603,988

Source: IRS Form 990. Selected filing: tax year 2014. Amounts in USD.

Leadership & pay

14 people listed

Executive titles in this filing

  • LAWERENCE EVERETTE (INTERIM EXECUTIVE DIRECTOR)
  • BARBARA THORNHILL (DEPUTY EXECUTIVE DIRECTOR)

Highest reported compensation

  • BARBARA THORNHILL (DEPUTY EXECUTIVE DIRECTOR): $58,772 total reported compensation
  • ELMIRA N LUCKEY (PROGRAM MANAGER): $48,665 total reported compensation
  • REGINALD JENKINS (PROGRAM MANAGER): $41,413 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2014. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Rehabilitation services: to provide alcohol and drug residential and outpatient rehabilitation services to the needy in richmond, Virginia and surrounding areas

Operating model

Revenue model
Other-operating. 97% of the money available for current operations came from other operating revenue.
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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 81
  • Transparency & Controls: 90
  • Accountability: 79
  • Sustainability: 28
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 82%; rating input score 82
  • Program expense ratio: 81%; rating input score 81
  • Fundraising efficiency: $38.19 raised per $1 spent on fundraising; rating input score 76; 76th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 87.5%; rating input score 88; 19th percentile among comparable filings
  • Governance controls: 6 of 9 controls in place; rating input score 67
    • 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: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -1.3%; rating input score 27; 27th percentile among comparable filings
  • Total-asset coverage ratio: 0.71; rating input score 34; 34th percentile among comparable filings
  • Liabilities to assets ratio: 1.2; rating input score 5; 5th percentile among comparable filings
  • Officer compensation ratio: 5.7%; rating input score 41; 41st percentile among comparable filings

Growth

  • Program expense growth: 0.6% per year; rating input score 100; 34th percentile among comparable filings
  • Revenue growth: -1.1% per year; rating input score 0; 22nd percentile among comparable filings
  • Asset growth: -6.9% per year; rating input score 0; 10th percentile among comparable filings

Details

  • Where the money goes: 82% of revenue deployed · 81% of spending went to programs
  • Governance: 7 of 8 board members independent · 6 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $3.4M in reported program spending
  • Leadership: top reported pay $59K · 14 people listed
  • Highest-paid contractors: 1 contractor listed · $126K reported
  • Consistency: 44 of 44 current checks pass
  • Schedules: 5 filed schedules
  • Filing history: 2 filing years from 2013 to 2014
  • Contacts: How to reach this organization
  • Money network: 9 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.

  • Review — Accountability: Governance controls: 2 of 8 not reported.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 27/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 34/100.
  • High — Sustainability: Liabilities to assets ratio scored 5/100.
  • Moderate — Sustainability: Officer compensation ratio scored 41/100.