Switchboard of Miami Inc

Nonprofit profile at a glance

EIN
591348970
IRS 990 coverage
2012–2014
Forms available
Form 990 2014
Location
Miami, FL, USA
Phone
3053581640
Rating
84
Verdict
STRONG
Rating confidence
Moderate
Sector
Support N.E.C.

Official website

Reported finances

Revenue
$6,933,407
Expenses
$7,032,982
Assets
$1,251,481
Liabilities
$633,251

Source: IRS Form 990. Selected filing: tax year 2014. Amounts in USD.

Leadership & pay

23 people listed

Executive titles in this filing

  • CATHERINE F PENROD (CHIEF EXECUTIVE OFFICER)

Highest reported compensation

  • CATHERINE F PENROD (CHIEF EXECUTIVE OFFICER): $128,983 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2014. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Switchboard of miami counsels, connects and empowers people in need.

What it reported doing in 2014

Switchboard of miami has been providing education and prevention services to miami-dade children and youth through a variety of instructional programs. Services are provided free of charge, offered in english and spanish, are designed for boys and girls ages 12-18 residing in miami-dade county, and specifically those that have been identified as at-risk of alcohol, tobacco, drug abuse, violence, early pregnancy, and other high-risk behaviors. Program services are school-based in middle and senior high schools throughout miami-dade county. Special presentations and workshops on children and youth issues are made available to community organizations, and the corporate sector. Prevention services are school-based initiatives focused on teaching prevention strategies that empower youth through positive skill building instructional sessions. Emphasis is placed on teaching life skills necessary to prevent alcohol, tobacco, and illicit drug use, teen pregnancy, violence and bullying. Prevention programs serve over 3,700 youths, ages 6-18, every year in several miami-dade county public schools and community after-school programs. Staff conducted programming to over 150 individual groups.

Operating model

Revenue model
Donor-supported. 60% of the money available for current operations came from contributions and gifts.
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: 74
  • Transparency & Controls: 92
  • Accountability: 100
  • Sustainability: 27
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 74.3%; rating input score 74
  • Program expense ratio: 73.2%; rating input score 73
  • Fundraising efficiency: $30.68 raised per $1 spent on fundraising; rating input score 73; 73rd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd 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; 65th percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • 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: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -1.4%; rating input score 27; 27th percentile among comparable filings
  • Total-asset coverage ratio: 0.18; rating input score 6; 6th percentile among comparable filings
  • Liabilities to assets ratio: 0.51; rating input score 27; 27th percentile among comparable filings
  • Officer compensation ratio: 1.8%; rating input score 77; 77th percentile among comparable filings

Growth

  • Program expense growth: 30.9% per year; rating input score 100; 90th percentile among comparable filings
  • Revenue growth: 25.5% per year; rating input score 100; 91st percentile among comparable filings
  • Asset growth: 8.7% per year; rating input score 100; 67th percentile among comparable filings

Details

  • Where the money goes: 74.3% of revenue deployed · 73.2% of spending went to programs
  • Governance: 17 of 17 board members independent · 8 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $5.1M in reported program spending
  • Leadership: top reported pay $129K · 23 people listed
  • Highest-paid contractors: 4 contractors listed · $988K reported
  • Consistency: 31 of 31 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 3 filing years from 2012 to 2014
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: Filed and resolved organization relationships.
  • 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Sustainability: Operating margin scored 27/100.
  • High — Sustainability: Total-asset coverage ratio scored 6/100.
  • High — Sustainability: Liabilities to assets ratio scored 27/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.