Srs Community Reuse Organization Inc
Nonprofit profile at a glance
- EIN
- 570986131
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- North Augusta, SC, USA
- Phone
- 8035087401
- Rating
- 80
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Economic Development
Reported finances
- Revenue
- $3,175,089
- Expenses
- $3,474,530
- Assets
- $6,923,524
- Liabilities
- $272,132
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
25 people listed
Executive titles in this filing
- ROBERT BENNETT (PRESIDENT AND CEO)
- MARY METS (VICE PRESIDENT OF STRATEGIC INITIATIVES)
Highest reported compensation
- ROBERT BENNETT (PRESIDENT AND CEO): $182,076 total reported compensation
- MARY METS (VICE PRESIDENT OF STRATEGIC INITIATIVES): $125,359 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 organization was organized exclusively to provide leadership for promoting the common economic interests and benefits of the residents, businesses and industries and to stabilize the economy with balanced growth throughout the membership area by assisting: (a) in obtaining maximum utilization of the physical and human resources at the savannah river site and other regional facilities and institutions through existing and new programs; (b) in expanding existing businesses and industries; and (c) in recruiting new companies to locate in the membership area, while protecting the existing quality of life in the membership and neighboring areas through economic growth and creation of job opportunities.
What it reported doing in 2024
Provide leadership for promoting community assistance programs to mitigate the negative economic impacts resulting from defense downsizing at the us doe savannah river site.
Operating model
- Revenue model
- Grant-funded. 70% of the money available for current operations came from government grants.
- 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 some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 87
- Transparency & Controls: 66
- Accountability: 95
- Sustainability: 37
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 94.2%; rating input score 94
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 7 of 8 controls in place; rating input score 88
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Fail
- 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: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -9.4%; rating input score 14; 14th percentile among comparable filings
- Total-asset coverage ratio: 1.99; rating input score 62; 62nd percentile among comparable filings
- Liabilities to assets ratio: 0.04; rating input score 73; 73rd percentile among comparable filings
- Officer compensation ratio: 8.8%; rating input score 34; 34th percentile among comparable filings
Growth
- Program expense growth: 5.6% per year; rating input score 100; 43rd percentile among comparable filings
- Revenue growth: 3.8% per year; rating input score 100; 33rd percentile among comparable filings
- Asset growth: 2% per year; rating input score 100; 20th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 94.2% of spending went to programs
- Governance: 22 of 22 board members independent · 7 of 8 filing controls reported
- Programs: 3 filed program accomplishments · $3.3M in reported program spending
- Leadership: top reported pay $182K · 25 people listed · 1 of 6 pay-setting controls reported
- Highest-paid contractors: 2 contractors listed · $537K reported
- Consistency: 25 of 25 current checks pass
- Schedules: 5 filed schedules · includes executive pay
- Filing history: 13 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- 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 14/100.
- Review — Accountability: Governance controls: Document-retention policy not reported.
- Moderate — Sustainability: Officer compensation ratio scored 34/100.