Sasc Inc

Nonprofit profile at a glance

EIN
262512451
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Milwaukee, WI, USA
Phone
4144637570
Rating
62
Verdict
SUPPORTED
Rating confidence
Moderate

Reported finances

Revenue
$2,655,531
Expenses
$2,858,553
Assets
$6,588,485
Liabilities
$5,778,156

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

Leadership & pay

24 people listed

Executive titles in this filing

  • TODD FISCHER (PRESIDENT)
  • MATTHEW MAUTHE (CEO)
  • KEN SMITH (PRESIDENT OF ILLUMINUS)
  • JENNIFER JOHNSON (EXECUTIVE DIRECTOR-THE MAR)
  • MIKE JONES (EXECUTIVE DIRECTOR)
  • SUZANNE WHITTY (EXECUTIVE DIRECTOR)

Highest reported compensation

  • MATTHEW MAUTHE (CEO): $696,724 total reported compensation
  • MICHAEL LIBBY (SVP OF OPERATIONS): $353,228 total reported compensation
  • NICOLE CHWALA (CFO): $324,057 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 organization's mission is to provide residents with care and compassion in a respectful, home-like environment that honors individual dignity. Following the mission and philosophy of the sisters of the divine savior and the beliefs of the catholic faith, we strive to improve quality of life, promote justice, collaborate with our partners in service and be responsible stewards of our resources. We honor heritage of providing exceptional services, continue to strive for increasing excellence in care and remain committed to our tradition of offering healthcare and residential services which are inclusive of all elderly.

What it reported doing in 2024

The organization is a Wisconsin nonprofit organization, organized for the purpose of owning and operating a 55-bed facility, community-based residential facility (cbrf) for the elderly and serves the physical, mental, emotional, and spiritual needs of its residents. The organization presents a new holistic approach to residential community care - assisted living apartments with 24/7 attention. The organization hosts spacious studio apartments featuring a private bathroom and kitchenette complete with microwave and refrigerator. The studio apartments are centered on a household model including a shared family room, dining room, library, spa, and activity room. Other amenities include a beauty shop, courtyard, and patio.

Operating model

Revenue model
Earned-program. 100% of the money available for current operations came from fees and other program 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.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 57
  • Transparency & Controls: 60
  • Accountability: 86
  • Sustainability: 32
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 65.9%; rating input score 66
  • Program expense ratio: 61.2%; rating input score 61
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

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

Sustainability

  • Operating margin: -7.6%; rating input score 16; 16th percentile among comparable filings
  • Total-asset coverage ratio: 2.3; rating input score 66; 66th percentile among comparable filings
  • Liabilities to assets ratio: 0.88; rating input score 8; 8th percentile among comparable filings
  • Officer compensation ratio: 9.2%; rating input score 33; 33rd percentile among comparable filings

Growth

  • Program expense growth: -4.1% per year; rating input score 0; 6th percentile among comparable filings
  • Revenue growth: 0.6% per year; rating input score 100; 13th percentile among comparable filings
  • Asset growth: -0.8% per year; rating input score 0; 10th percentile among comparable filings

Details

  • Where the money goes: 65.9% of revenue deployed · 61.2% of spending went to programs
  • Governance: 8 of 8 board members independent · 6 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $1.7M in reported program spending
  • Leadership: top reported pay $697K · 24 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 29 of 29 current checks pass
  • Schedules: 6 filed schedules · includes executive pay
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 15 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.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Review — Accountability: Governance controls: 3 of 9 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Operating margin scored 16/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 8/100.
  • Moderate — Sustainability: Officer compensation ratio scored 33/100.