Skill Quest Inc

Nonprofit profile at a glance

EIN
454536492
IRS 990 coverage
2012–2017
Forms available
Form 990 2017
Location
Dallas, TX, USA
Phone
2144213555
Rating
81
Verdict
STRONG
Rating confidence
Moderate
Sector
Job Training

Official website

Reported finances

Revenue
$480,880
Expenses
$574,192
Assets
$187,337
Liabilities
$38,821

Source: IRS Form 990. Selected filing: tax year 2017. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • ADA T SIMMONS (Vice President)

Highest reported compensation

  • REGINALD GRANT-THRU 1017 (Executive Dir.): $52,850 total reported compensation
  • SAMANDA GRONSTAL (DIR OF SERVICES): $49,240 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2017. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of skill quest is to lift working adults out of poverty into family living wage careers through education. Over 200 graduates have jobs paying $18-$25 per hour.

What it reported doing in 2017

Skill quest has a multifaceted sponsorship program tailored to the unique circumstances of each individual and designed to assure the highest likelihood of multigenerational success. Skill quest's vision is a future in which every person has access to the highest quality education to develop their full potential at affordable costs. Skill quest served 150 people in 2017.

Operating model

Revenue model
Donor-supported. 60% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 67% for direct work, and 33% for grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. The required major-donor schedule is missing or incomplete and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 85
  • Transparency & Controls: 81
  • Accountability: 84
  • Sustainability: 17
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 94.2%; rating input score 94
  • Program expense ratio: 78.9%; rating input score 79
  • Fundraising efficiency: $16.38 raised per $1 spent on fundraising; rating input score 55; 55th 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: No; rating input score 0
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 5 of 8 controls in place; rating input score 62
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -19.4%; rating input score 13; 13th percentile among comparable filings
  • Total-asset coverage ratio: 0.33; rating input score 18; 18th percentile among comparable filings
  • Liabilities to assets ratio: 0.21; rating input score 24; 24th percentile among comparable filings
  • Officer compensation ratio: 17.8%; rating input score 23; 23rd percentile among comparable filings

Growth

  • Program expense growth: 17.1% per year; rating input score 100; 83rd percentile among comparable filings
  • Revenue growth: 15.4% per year; rating input score 100; 84th percentile among comparable filings
  • Asset growth: 1% per year; rating input score 100; 39th percentile among comparable filings

Details

  • Where the money goes: 94.2% of revenue deployed · 78.9% of spending went to programs
  • Governance: 6 of 6 board members independent · 5 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $453K in reported program spending
  • Leadership: top reported pay $53K · 8 people listed
  • Consistency: 32 of 32 current checks pass
  • Schedules: 4 filed schedules · includes major donors and grants
  • Filing history: 6 filing years from 2012 to 2017
  • Contacts: How to reach this organization
  • Money network: 2 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.

  • High — Transparency & Controls: Major donor itemization scored 0/100.
  • Review — Accountability: Governance controls: 2 of 7 not reported.
  • High — Sustainability: Operating margin scored 13/100.
  • Review — Financial Efficiency: Fundraising efficiency scored 55/100.
  • High — Sustainability: Total-asset coverage ratio scored 18/100.
  • High — Sustainability: Liabilities to assets ratio scored 24/100.
  • High — Sustainability: Officer compensation ratio scored 23/100.