Silver Lake College of the Holy Family Inc
Nonprofit profile at a glance
- EIN
- 390980974
- IRS 990 coverage
- 2010–2018
- Forms available
- Form 990 2018
- Location
- Manitowoc, WI, USA
- Phone
- 9206866121
- Rating
- 69
- Verdict
- SUPPORTED
- Rating confidence
- Standard
- Sector
- University or Technological Institute
Reported finances
- Revenue
- $17,015,310
- Expenses
- $13,470,688
- Assets
- $24,542,918
- Liabilities
- $6,838,291
Source: IRS Form 990. Selected filing: tax year 2018. Amounts in USD.
Leadership & pay
24 people listed
Executive titles in this filing
- DR ROB CALLAHAN (PRESIDENT)
Highest reported compensation
- SANDRA ISSELMANN (VP HUMAN RESOURCES - FORMER): $380,572 total reported compensation
- MATTHEW SOUCY (VP ACADEMIC AFFAIRS - FORMER): $300,000 total reported compensation
- MARC BARBEAU (VP ADVANCEMENT - FORMER): $275,000 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2018. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Silver lake college is a dynamic learning community that empowers students through a quality liberal arts education, integrated with professional preparation, offered in an environment of mutual respect and concern for persons, based on the principals and truths of the franciscan catholic tradition.
What it reported doing in 2018
Instructional: includes academic programs of college curriculum serving over 400 students per semester. Programs offered include majors in art, english, math, music, science, theology, psychology, business, nursing and education as well as grad programs in education, music, and business.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 63% for direct work, and 37% for grants.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 59
- Transparency & Controls: 68
- Accountability: 83
- Sustainability: 67
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 54%; rating input score 54
- Program expense ratio: 67.1%; rating input score 67
- Fundraising efficiency: $18.51 raised per $1 spent on fundraising; rating input score 61; 61st percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: 1 of 8 controls in place; rating input score 12
- Claims monitoring procedures: Pass
- Requires narrative reports: Limited
- Conducts field audits: Limited
- May suspend future funding: Limited
- Requires financial reports: Limited
- Conducts site visits: Limited
- Requires grant agreements: Limited
- May require repayment: Limited
- Grant itemization coverage: 100%; rating input score 100; 71st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 94.7%; rating input score 95; 30th 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: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 20.8%; rating input score 87; 87th percentile among comparable filings
- Total-asset coverage ratio: 1.82; rating input score 64; 64th percentile among comparable filings
- Liabilities to assets ratio: 0.28; rating input score 54; 54th percentile among comparable filings
- Officer compensation ratio: 11.6%; rating input score 11; 11th percentile among comparable filings
Growth
- Program expense growth: 3.9% per year; rating input score 100; 44th percentile among comparable filings
- Revenue growth: 4.8% per year; rating input score 100; 52nd percentile among comparable filings
- Asset growth: 2% per year; rating input score 100; 30th percentile among comparable filings
Details
- Where the money goes: 54% of revenue deployed · 67.1% of spending went to programs
- Governance: 18 of 19 board members independent · 6 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $9M in reported program spending
- Leadership: top reported pay $381K · 24 people listed · 1 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $1.2M reported
- Consistency: 43 of 43 current checks pass
- Schedules: 11 filed schedules · includes major donors, foreign activity, grants, and executive pay
- Filing history: 9 filing years from 2010 to 2018
- Contacts: How to reach this organization
- Money network: 6 filed money-flow records
- Related organizations: 7 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.
- Review — Financial Efficiency: Mission deployment rate scored 54/100.
- Review — Accountability: Governance controls: 3 of 9 not reported.
- High — Sustainability: Officer compensation ratio scored 11/100.
- Review — Sustainability: Liabilities to assets ratio scored 54/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.
- High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.