Spectrum Industries

Nonprofit profile at a glance

EIN
421232860
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Decorah, IA, USA
Phone
5633828401
Rating
78
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Sheltered Employment

Official website

Reported finances

Revenue
$670,697
Expenses
$715,999
Assets
$914,175
Liabilities
$500,175

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • Laura Smith (President)
  • Paul Greenberg (Vice President (Until 01/2025))
  • Christopher Miculinich (Executive Director)

Highest reported compensation

  • Christopher Miculinich (Executive Director): $59,550 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Helping individuals with cognitive disabilities, mental illness, and other barriers to independent living enter the workforce and the community.

What it reported doing in 2024

Our Day Habilitation Services aim to promote personal growth and independence for individuals with disabilities through structured, skill-building activities. We provided service days to clients, offering life skills training, community engagement opportunities, and therapeutic sessions. This program fostered increased self-sufficiency and social integration, directly impacting many individuals served across our organization. Community engagement opportunities include outings, dining out access, and presentations from community members and businesses.(Statement continued on Schedule O)Prevocational Services empower individuals to prepare for and sustain meaningful employment. We supported clients with job coaching, resume development, interview preparation, and on-site job placements. Individuals that secured employment this year contribute to a broader impact of economic participation and self-reliance. These services represent a crucial step toward achieving long-term vocational goals for many of the individuals we served.Home-Based Habilitation and Supported Community Living Services focus on supporting individuals to live independently and thrive within their communities. This year, we provided many hours of direct support, assisting clients with daily living tasks such as meal preparation, medication management, and household maintenance. Additionally, our Supported Community Living services included on-site and community-based assistance designed to help individuals navigate their environments, access resources, and maintain social connections. These combined efforts enhanced the quality of life and independence for many of the individuals served across our programs.In FY25, The Spectrum Network served individuals across all programs, delivering essential support and services that align with our mission to empower individuals with disabilities. Through Day Habilitation, Prevocational, Home-Based Habilitation, and Supported Community Living Services, we provided measurable improvements in independence, community engagement, and self-reliance.

Operating model

Revenue model
Other-operating. 78% of the money available for current operations came from other operating 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

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 78
  • Transparency & Controls: 92
  • Accountability: 90
  • Sustainability: 31
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 82.4%; rating input score 82
  • Program expense ratio: 76.8%; rating input score 77
  • Fundraising efficiency: $18.68 raised per $1 spent on fundraising; rating input score 57; 57th 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: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -6.8%; rating input score 21; 21st percentile among comparable filings
  • Total-asset coverage ratio: 1.28; rating input score 51; 51st percentile among comparable filings
  • Liabilities to assets ratio: 0.55; rating input score 14; 14th percentile among comparable filings
  • Officer compensation ratio: 8.3%; rating input score 42; 42nd percentile among comparable filings

Growth

  • Program expense growth: -5.3% per year; rating input score 0; 7th percentile among comparable filings
  • Revenue growth: -2.2% per year; rating input score 0; 9th percentile among comparable filings
  • Asset growth: -2.6% per year; rating input score 0; 10th percentile among comparable filings

Details

  • Where the money goes: 82.4% of revenue deployed · 76.8% of spending went to programs
  • Governance: 4 of 4 board members independent · 6 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $550K in reported program spending
  • Leadership: top reported pay $60K · 6 people listed
  • Consistency: 30 of 30 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.

  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Financial Efficiency: Fundraising efficiency scored 57/100.
  • High — Sustainability: Operating margin scored 21/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Total-asset coverage ratio scored 51/100.
  • High — Sustainability: Liabilities to assets ratio scored 14/100.
  • Moderate — Sustainability: Officer compensation ratio scored 42/100.