Sourcepoint
Nonprofit profile at a glance
- EIN
- 311354284
- IRS 990 coverage
- 2013–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Delaware, OH, USA
- Phone
- 7403636677
- Rating
- 87
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Senior Centers
Reported finances
- Revenue
- $15,212,205
- Expenses
- $14,153,033
- Assets
- $17,615,709
- Liabilities
- $1,040,149
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
21 people listed
Executive titles in this filing
- BETH FLIGNER (PRESIDENT)
- PAMELA FOSTER (VICE PRESIDENT)
- ALICE FRAZIER (PRESIDENT)
- GRETCHEN ROBERTS (PAST PRESIDENT / DIRECTOR)
- FARA WAUGH (CHIEF EXECUTIVE OFFICER)
Highest reported compensation
- FARA WAUGH (CHIEF EXECUTIVE OFFICER): $235,485 total reported compensation
- TIM PATTON (CHIEF FINANCIAL OFFICER): $111,305 total reported compensation
- BRITTANY MAUFORT (CHIEF FINANCIAL OFFICER): $48,470 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 mission of sourcepoint is to help our community set a course to live well after 55.
What it reported doing in 2024
Sourcepoint's "community programs" provide hundreds of engagement opportunities both on-site at our enrichment center, off-site throughout the county, and online. Programs include fitness, wellness, arts, learning, insurance education, falls prevention, family caregiver support, and more. In addition to the programs we directly provide, sourcepoint awards community grants each year to local organizations that provide other services to older adults.
Operating model
- Revenue model
- Grant-funded. 83% of the money available for current operations came from government grants.
- Distribution model
- Direct operator. The filing allocates 97% 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.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 85
- Transparency & Controls: 89
- Accountability: 92
- Sustainability: 59
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 82.8%; rating input score 83
- Program expense ratio: 88.1%; rating input score 88
- Fundraising efficiency: $104.52 raised per $1 spent on fundraising; rating input score 85; 85th percentile among comparable filings
Transparency & Controls
- Consistency checks: 94.1%; rating input score 94; 20th percentile among comparable filings
- Pay-setting controls: 5 of 6 controls in place; rating input score 83
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 94.4%; rating input score 94; 28th percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- 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%; rating input score 60; 60th percentile among comparable filings
- Total-asset coverage ratio: 1.24; rating input score 44; 44th percentile among comparable filings
- Liabilities to assets ratio: 0.06; rating input score 81; 81st percentile among comparable filings
- Officer compensation ratio: 2.8%; rating input score 70; 70th percentile among comparable filings
Growth
- Program expense growth: 6.3% per year; rating input score 100; 51st percentile among comparable filings
- Revenue growth: 5.9% per year; rating input score 100; 51st percentile among comparable filings
- Asset growth: 8.9% per year; rating input score 100; 60th percentile among comparable filings
Details
- Where the money goes: 82.8% of revenue deployed · 88.1% of spending went to programs
- Governance: 17 of 18 board members independent · 8 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $12.5M in reported program spending
- Leadership: top reported pay $235K · 21 people listed · 5 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $1.8M reported
- Consistency: 33 of 34 current checks pass · 1 finding to review
- Schedules: 7 filed schedules · includes major donors, grants, and executive pay
- Filing history: 10 filing years from 2013 to 2024
- Contacts: How to reach this organization
- Money network: 22 filed money-flow records
- Related organizations: 19 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.
- Review — Accountability: Governance controls: Other executive compensation review process not reported.
- Moderate — Sustainability: Total-asset coverage ratio scored 44/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.