Spaulding Pray Residence Corp

Nonprofit profile at a glance

EIN
161196869
IRS 990 coverage
2011–2018
Forms available
Form 990 2018
Location
Syracuse, NY, USA
Phone
3154557591
Rating
84
Verdict
STRONG
Rating confidence
Moderate
Sector
Residential Care & Adult Day Programs

Official website

Reported finances

Revenue
$3,870,788
Expenses
$4,039,890
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2018. Amounts in USD.

Leadership & pay

29 people listed

Executive titles in this filing

  • MICHAEL WIRTHEIM (PRESIDENT)
  • KIM SHEDD (EXECUTIVE DIRECTOR (THRU JUNE 2018))
  • PAUL JOSLYN (EXECUTIVE DIRECTOR (AFTER JULY 2018))

Highest reported compensation

  • MICHAEL WOLFSON (CHIEF FINANCIAL OFFICER (AFTER JULY 2018)): $109,612 total reported compensation
  • PAUL JOSLYN (EXECUTIVE DIRECTOR (AFTER JULY 2018)): $108,551 total reported compensation
  • KIM SHEDD (EXECUTIVE DIRECTOR (THRU JUNE 2018)): $77,397 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2018. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To support people with developmental disabilities and their families by providing services related to each individual's unique and evolving life circumstances.

What it reported doing in 2018

Community habilitation - provided assistance to 39 persons with developmental disabilities living in their own home or with a caregiver, and provided individualized support services to 26 persons.

Operating model

Revenue model
Earned-program. 95% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% 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. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 88
  • Transparency & Controls: 82
  • Accountability: 95
  • Sustainability: 18
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 93.1%; rating input score 93
  • Program expense ratio: 89.3%; rating input score 89
  • Fundraising efficiency: $17.21 raised per $1 spent on fundraising; rating input score 60; 60th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 86.7%; rating input score 87; 1st percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th 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: -4.4%; rating input score 19; 19th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 0; 0th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 2.1%; rating input score 75; 75th percentile among comparable filings

Growth

  • Program expense growth: 2.5% per year; rating input score 100; 36th percentile among comparable filings
  • Revenue growth: 0.8% per year; rating input score 100; 23rd percentile among comparable filings
  • Asset growth: -5.5% per year; rating input score 0; 8th percentile among comparable filings

Details

  • Where the money goes: 93.1% of revenue deployed · 89.3% of spending went to programs
  • Governance: 24 of 24 board members independent · 8 of 9 filing controls reported
  • Programs: 5 filed program accomplishments · $3.6M in reported program spending
  • Leadership: top reported pay $110K · 29 people listed
  • Highest-paid contractors: 1 contractor listed · $180K reported
  • Consistency: 28 of 29 current checks pass · 1 finding to review
  • Schedules: 6 filed schedules · includes major donors
  • Filing history: 8 filing years from 2011 to 2018
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 1 filed related-organization link
  • 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 — Sustainability: Operating margin scored 19/100.
  • High — Sustainability: Total-asset coverage ratio scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.