Tanager Place
Nonprofit profile at a glance
- EIN
- 420688079
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Cedar Rapids, IA, USA
- Phone
- 3193659164
- Rating
- 86
- Verdict
- STRONG
- Rating confidence
- Standard
- Sector
- Psychiatric Hospitals
Reported finances
- Revenue
- $19,843,940
- Expenses
- $21,069,221
- Assets
- $46,109,677
- Liabilities
- $3,649,339
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
34 people listed
Executive titles in this filing
- TODD KERSKA (PRESIDENT)
- BRANDI MUELLER (VICE PRESIDENT)
- OKPARA RICE (CEO)
- MICHAEL HINES (DEPUTY CEO)
Highest reported compensation
- FRANK BABCOCK (MEDICAL DIRECTOR): $274,148 total reported compensation
- OKPARA RICE (CEO): $217,229 total reported compensation
- BRAD THATCHER (VP OF FINANCE (THRU 9/2025)): $160,979 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide children and families with services that inspire, empower and heal.
What it reported doing in 2024
Community-based services: behavioral health intervention services (bhis) is a medical-based, in-home service program that provides skill building interventions to improve behaviors associated with a psychological disorder that has been diagnosed by a licensed practitioner. These services are conducted mainly at home and in the office, but on occasion can be delivered at school. Pediatric integrated health care coordination (pih) provides coordinated services to children and their families with a psychiatric diagnosis to help every child achieve their full potential while unlocking valuable resources for parents. These programs served 1089 children during the year-ended june 30, 2025.
Operating model
- Revenue model
- Earned-program. 92% 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. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 78
- Transparency & Controls: 95
- Accountability: 95
- Sustainability: 40
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 89.4%; rating input score 89
- Program expense ratio: 84.3%; rating input score 84
- Fundraising efficiency: $2.13 raised per $1 spent on fundraising; rating input score 7; 7th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 5 of 6 controls in place; rating input score 83
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- 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; 66th 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: -6.2%; rating input score 15; 15th percentile among comparable filings
- Total-asset coverage ratio: 2.19; rating input score 65; 65th percentile among comparable filings
- Liabilities to assets ratio: 0.08; rating input score 77; 77th percentile among comparable filings
- Officer compensation ratio: 5.9%; rating input score 44; 44th percentile among comparable filings
Growth
- Program expense growth: 4.7% per year; rating input score 100; 40th percentile among comparable filings
- Revenue growth: 4.5% per year; rating input score 100; 39th percentile among comparable filings
- Asset growth: 4.5% per year; rating input score 100; 32nd percentile among comparable filings
Details
- Where the money goes: 89.4% of revenue deployed · 84.3% of spending went to programs
- Governance: 23 of 23 board members independent · 8 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $17.8M in reported program spending
- Leadership: top reported pay $274K · 34 people listed · 5 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $785K reported
- Consistency: 35 of 35 current checks pass
- Schedules: 8 filed schedules · includes major donors and executive pay
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 7 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.
- 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 — Financial Efficiency: Fundraising efficiency scored 7/100.
- High — Sustainability: Operating margin scored 15/100.
- Review — Accountability: Governance controls: Other executive compensation review process not reported.
- Moderate — Sustainability: Officer compensation ratio scored 44/100.