Team Inc

Nonprofit profile at a glance

EIN
060835182
IRS 990 coverage
2012–2024
Forms available
Form 990 2024
Location
Derby, CT, USA
Phone
2037365420
Rating
89
Verdict
STRONG
Rating confidence
Moderate
Sector
Human Service Organizations

Official website

Reported finances

Revenue
$26,698,402
Expenses
$24,468,901
Assets
$17,459,691
Liabilities
$2,361,672

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

Leadership & pay

21 people listed

Executive titles in this filing

  • DAVID MORGAN (CEO/PRESIDENT)

Highest reported compensation

  • DAVID MORGAN (CEO/PRESIDENT): $211,045 total reported compensation
  • WENDY RODORIGO (CFO): $151,821 total reported compensation
  • JAMIE PETERSON (DIRECTOR OF EARLY CHILDHOOD): $114,462 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 ensure the causes & conditions of poverty are being addressed and the communities, families, and individuals we serve are empowered and strengthened through education, support, and opportunities.

What it reported doing in 2024

Team's support services initiatives help & empower individuals and families to avoid crisis and achieve economic stability and overall wellbeing. These activities include: basic needs & case management services; home-heating assistance and counseling to reduce their energy costs; focused on the most underserved and marginalized populations, community health services designed to facilitate access to care and identify & address health-related social needs; housing supports designed to assist individuals in locating, obtaining, and retaining suitable housing; limited english proficient services to ensure & improve access to programs & activities for persons with limited english proficiency, including translation & interpretation services that meet national standards; income management services that encompasses household financial counseling, tax counseling/filing, asset-building, and personal credit; employment & training supports and assistance in acquiring the skills that promote opportunities for securing employment; food assistance; health insurance access and other basic needs assistance. In addition to these direct services, team's linkages and referrals to community services compliments our integrated service delivery approach focused on empowering individuals and families toward economic stability.

Operating model

Revenue model
Grant-funded. 86% of the money available for current operations came from government grants.
Distribution model
Hybrid. The nonprofit split its reported program spending across 54% for direct work, and 46% for grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 91
  • Transparency & Controls: 87
  • Accountability: 95
  • Sustainability: 54
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 88.6%; rating input score 89
  • Program expense ratio: 96.7%; rating input score 97
  • Fundraising efficiency: $78.05 raised per $1 spent on fundraising; rating input score 82; 82nd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Missing
    • 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: 100%; rating input score 100; 72nd percentile among comparable filings
  • 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: 8.4%; rating input score 63; 63rd percentile among comparable filings
  • Total-asset coverage ratio: 0.71; rating input score 25; 25th percentile among comparable filings
  • Liabilities to assets ratio: 0.14; rating input score 68; 68th percentile among comparable filings
  • Officer compensation ratio: 2.4%; rating input score 73; 73rd percentile among comparable filings

Growth

  • Program expense growth: 8.5% per year; rating input score 100; 64th percentile among comparable filings
  • Revenue growth: 8.6% per year; rating input score 100; 68th percentile among comparable filings
  • Asset growth: 9.6% per year; rating input score 100; 63rd percentile among comparable filings

Details

  • Where the money goes: 88.6% of revenue deployed · 96.7% of spending went to programs
  • Governance: 15 of 15 board members independent · 8 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $23.7M in reported program spending
  • Leadership: top reported pay $211K · 21 people listed · 4 of 6 pay-setting controls reported
  • Highest-paid contractors: 3 contractors listed · $668K reported
  • Consistency: 41 of 41 current checks pass
  • Schedules: 9 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 13 filing years from 2012 to 2024
  • Contacts: How to reach this organization
  • Money network: 5 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 — Sustainability: Total-asset coverage ratio scored 25/100.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.