SourceAmerica
Nonprofit profile at a glance
- EIN
- 521007153
- IRS 990 coverage
- 2009–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Vienna, VA, USA
- Phone
- 5712264660
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Vocational Rehabilitation
Reported finances
- Revenue
- $157,651,082
- Expenses
- $145,792,809
- Assets
- $190,606,209
- Liabilities
- $22,190,668
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
33 people listed
Executive titles in this filing
- RICHARD BELDEN (PRESIDENT & CEO)
Highest reported compensation
- RICHARD BELDEN (PRESIDENT & CEO): $764,902 total reported compensation
- WES TYLER (COO): $411,863 total reported compensation
- ANGELO GRIMA (GENERAL COUNSEL (UNTIL 5/25)): $352,467 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
We are champions for an American workforce that includes people with disabilities. We create employment choices and opportunities for people with disabilities—and strengthen the capabilities of the federal contractors who employ them. Identifying opportunities that provide continual improvement “Together with our customers and nonprofit network, we're advancing an incredible mission. With each new contract, we meet customer needs and create life-changing jobs for people with disabilities.” Richard Belden, President and Chief Executive Officer. Passion:** Demonstrate intense and unwavering dedication to our mission. Inclusion:** Value people for their differing abilities, backgrounds, cultures, experiences, and perspectives. Collaboration:** Work together and with others to innovate, adapt, and achieve our collective goals.
What it reported doing in 2024
Sourceamerica's investments in the network represent strategic, long-term projects designed to help network nonprofit agencies successfully participate in the abilityone program. These investment projects typically involve funding over $100,000 and focus on providing resources and tools essential for abilityone program projects and requirements. For the fiscal year, the total investments in the network were $9,379,720. See schedule o for continuation. Examples of network investments planned for fy25 include grants to support the implementation of new abilityone commission compliance policies, grants for nonprofit agency technology and automation enhancements for manufacturers, sourceamerica sponsored training programs for it and knowledge-based employment, and an investment in a job board to assist with federal contractor recruitment efforts.
Operating model
- Revenue model
- Earned-program. 98% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 91% 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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and some filed totals do not add up.
Rating breakdown
- Financial Efficiency: 79
- Transparency & Controls: 82
- Accountability: 100
- Sustainability: 61
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 85.3%; rating input score 85
- Program expense ratio: 94.3%; rating input score 94
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 92.9%; rating input score 93; 17th percentile among comparable filings
- Pay-setting controls: 5 of 6 controls in place; rating input score 83
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 76.2%; rating input score 76; 16th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- 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: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 7.5%; rating input score 66; 66th percentile among comparable filings
- Total-asset coverage ratio: 1.31; rating input score 49; 49th percentile among comparable filings
- Liabilities to assets ratio: 0.12; rating input score 80; 80th percentile among comparable filings
- Officer compensation ratio: 2.4%; rating input score 48; 48th percentile among comparable filings
Growth
- Program expense growth: 1.4% per year; rating input score 100; 12th percentile among comparable filings
- Revenue growth: 4.4% per year; rating input score 100; 36th percentile among comparable filings
- Asset growth: 6.4% per year; rating input score 100; 47th percentile among comparable filings
Details
- What they do: 1 programs and campaigns described on the official site
- Where the money goes: 85.3% of revenue deployed · 94.3% of spending went to programs
- Governance: 20 of 20 board members independent · 9 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $137.5M in reported program spending
- Leadership: top reported pay $765K · 33 people listed · 5 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $46.3M reported
- Consistency: 35 of 36 current checks pass · 1 finding to review
- Schedules: 6 filed schedules · includes grants and executive pay
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 284 filed money-flow records
- Related organizations: 274 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
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.
- Moderate — Sustainability: Total-asset coverage ratio scored 49/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- Moderate — Sustainability: Officer compensation ratio scored 48/100.
- High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.