Sequel Inc

What it reported doing in 2024

The organizations vision is to establish sequel as the premier resource for elderly people in our region. In order to continue to implement this vision, we: continued to research and apply for qualifying grants. Used social media to increase public awareness and develop strategic partnerships. Joined nexus sd to expand our reach to people in need through additional online and 211 (telephone) support services. We continue the following programs caregiver support - we continue to participate in current caregiver support networks and research opportunities for expansion within those networks. We are currently a sponsor for memory cafe, a caregiver support network. We help them with their rent, and purchase event supplies and refreshments for the attendees to enjoy. Elder angel fund - we used our application process for at risk seniors to access a specified grant amount for a specific need. We were able to help 6 seniors in the last quarter of 2024. We believe that seniors should not have to choose between food and medication or food and dressing supplies. Sadly, that is a scenario that plays out all too frequently in our community. We set up a fund so community members can help bridge the financial gap for vulnerable seniors. Our applications have increased already in 2024. Angel tree - we partnered with black hills advocate and meals on wheels on the collection and distribution of the angel tree christmas gifts. Over 6,000 items were received from donors enabling us to deliver over 625 gifts to some of the isolated seniors in our community. Guardianship/conservatorship - sequel provides court-appointed guardianship and conservatorship services for vulnerable adults who are unable to make decisions on their own due to age, illness, or incapacity. As one of only two nonprofits in the state offering these services, sequel ensures that individuals receive proper advocacy, financial oversight, and compassionate support in managing their personal and financial affairs. This work protects clients' rights, promotes their well-being, and helps secure appropriate housing, medical care, and benefits.

Financial Efficiency

• Mission deployment rate: 100%; rating input score 100
• Program expense ratio: 31%; rating input score 31
• Fundraising efficiency: $0.56 raised per $1 spent on fundraising; rating input score 13; 13th 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; 80th percentile among comparable filings
• Major donor itemization: Limited
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
• Governance controls: 4 of 8 controls in place; rating input score 50
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Fail
  • Document-retention policy: Fail
  • CEO compensation review process: NotApplicable
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Missing
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: -99.3%; rating input score 21; 21st percentile among comparable filings
• Total-asset coverage ratio: 7.53; rating input score 57; 57th percentile among comparable filings
• Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
• Officer compensation ratio: 65.4%; rating input score 5; 5th percentile among comparable filings

Growth

• Program expense growth: 52% per year; rating input score 100; 94th percentile among comparable filings
• Revenue growth: -92.2% per year; rating input score 0; 4th percentile among comparable filings
• Asset growth: -3.9% per year; rating input score 0; 24th percentile among comparable filings