Suffit Inc

Nonprofit profile at a glance

EIN
882975314
IRS 990 coverage
2022–2024
Forms available
Form 990 2024
Location
Lake Providence, LA, USA
Phone
3184824037
Rating
76
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Alcohol, Drug Abuse, Prevention Only
Affiliation
Christianity

Reported finances

Revenue
$175,539
Expenses
$170,133
Assets
$8,793
Liabilities
$634

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

Leadership & pay

5 people listed

Executive titles in this filing

  • CLELIE STONE (PRESIDENT)

Highest reported compensation

  • CLELIE STONE (PRESIDENT): $1,899 total reported compensation

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

Overview

Mission

Suffit, inc. Is an organization that seeks to partner with people struggling with addiction that may be involved in serving a sentence in a correctional facility or in an early intervention program through a specialty court. Our program is a 15 month culinary art program that has 5 components. They are: 1. Culinary arts and hospitality program through the auguste escoffier school of culinary arts online campus. 2. Christian discipleship through daily morning prayer and bible teaching one night a week from various teachers with an emphasis on recovery. Interacting with members of the body of christ in order to create a safe space for relationships to develop that are integral to healing. 3. Physical wellness: we emphasize the importance of sound nutrition as we learn about ingredients and regular exercise. We hope to have an exercise class once a week at our facility. 4. Financial wellness: we will partner with a local gentleman who has been trained through the catholic church to teach

What it reported doing in 2024

Culinary arts

Operating model

Revenue model
Earned-program. 99% 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

SUPPORTED - 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: 73
  • Transparency & Controls: 90
  • Accountability: 69
  • Sustainability: 31
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 81%; rating input score 81
  • Program expense ratio: 83.6%; rating input score 84
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • 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: 2 of 8 controls in place; rating input score 25
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 3.1%; rating input score 47; 47th percentile among comparable filings
  • Total-asset coverage ratio: 0.05; rating input score 4; 4th percentile among comparable filings
  • Liabilities to assets ratio: 0.07; rating input score 29; 29th percentile among comparable filings
  • Officer compensation ratio: 1.1%; rating input score 36; 36th percentile among comparable filings

Growth

  • Program expense growth: 35.2% per year; rating input score 100; 92nd percentile among comparable filings
  • Revenue growth: 40.6% per year; rating input score 100; 96th percentile among comparable filings
  • Asset growth: -43.6% per year; rating input score 0; 1st percentile among comparable filings

Details

  • Where the money goes: 81% of revenue deployed · 83.6% of spending went to programs
  • Governance: 5 of 5 board members independent · 2 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $142K in reported program spending
  • Leadership: top reported pay $2K · 5 people listed
  • Consistency: 21 of 21 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 3 filing years from 2022 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.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Accountability: Governance controls: 5 of 7 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 4/100.
  • Moderate — Sustainability: Operating margin scored 47/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 29/100.
  • Moderate — Sustainability: Officer compensation ratio scored 36/100.