Team Lorain County Fka Lorain County Community Development Corp

Nonprofit profile at a glance

EIN
311504633
IRS 990 coverage
2012–2014
Forms available
Form 990 2014
Location
Elyria, OH, USA
Phone
4403282560
Rating
74
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Urban, Community Economic Development

Official website

Reported finances

Revenue
$176,674
Expenses
$273,078
Assets
$214,022
Liabilities
$0

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

Leadership & pay

27 people listed

People named in this filing

  • ROY A CHURCH (BOARD MEMBER)
  • JAMES CORDES (BOARD MEMBER)
  • MAUREEN M CROMLING (BOARD MEMBER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

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

Overview

Mission

To support organizations that foster and encourage neighborhood revitiliazation through education and participation.

What it reported doing in 2014

Business retention and expansionwe are conducting a survey of 100+ corporations in lorain county in order to understand short term issues that they may face as well as to determine the longer term obstacles to their success. This process will involve utilizing the the executivepulse business intelligencesystem.the executive pulse system is an online crm (customer relationship management) software system with database and communication features that improve the effectiveness of your economic development activities.selected companies will receive a letter and information regarding the process in the mail and then will be contacted via telephone to set up an on-site interview. Interviews will be scheduled and conducted.team lorain county's utilization of the executive pulse system allows us to identify companies with the best growth potential as well as new marketing opportunities. The initiative will also assist in predicting at-risk companies, while providing a vehicle for special funding.building/site databaseteam lorain county continues to develop and maintain a database with all of the pertinent information relative to site availability in lorain county. This data base will be critical as we interface with team neo and individual corporations in attracting new businesses to lorain county. This data base will provide a "level playing field" for all lorain county communities to be considered as companies look to relocate into our market.through our partnership with jobsohio/team neo, tlc responded to 35 attraction leads as well as facilitated several retention and expansion projects throughout lorain county, all while revisiting and revising the scope of work through a new strategic plan that will move tlc forward into the next 5-10 years.marketingteam lorain county continues to develop a marketing program to enhance the image and reputation of lorain county and to positively position our market to companies looking to relocate. This marketing material will include a major website update, collateral material, and public relations support. In addition, tlc will coordinate with team neo as the work to enhance the image of northeast Ohio and the state of Ohio.

Operating model

Revenue model
Donor-supported. 85% 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

SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. A relatively small share of total spending goes to programs and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 65
  • Transparency & Controls: 92
  • Accountability: 94
  • Sustainability: 31
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 80.3%; rating input score 80
  • Program expense ratio: 51.9%; rating input score 52
  • Fundraising efficiency: $6.52 raised per $1 spent on fundraising; rating input score 30; 30th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd 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; 63rd percentile among comparable filings
  • Governance controls: 6 of 7 controls in place; rating input score 86
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • 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: Fail

Sustainability

  • Operating margin: -54.6%; rating input score 4; 4th percentile among comparable filings
  • Total-asset coverage ratio: 0.78; rating input score 37; 37th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 86; 86th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 73; 73rd percentile among comparable filings

Growth

  • Program expense growth: -30.2% per year; rating input score 0; 11th percentile among comparable filings
  • Revenue growth: -36.8% per year; rating input score 0; 3rd percentile among comparable filings
  • Asset growth: -26% per year; rating input score 0; 5th percentile among comparable filings

Details

  • Where the money goes: 80.3% of revenue deployed · 51.9% of spending went to programs
  • Governance: 31 of 31 board members independent · 6 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $142K in reported program spending
  • Leadership: top reported pay $0 · 27 people listed
  • Consistency: 20 of 20 current checks pass
  • Schedules: 3 filed schedules · includes major donors
  • Filing history: 3 filing years from 2012 to 2014
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • 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.

  • Review — Financial Efficiency: Program expense ratio scored 52/100.
  • Moderate — Financial Efficiency: Fundraising efficiency scored 30/100.
  • High — Sustainability: Operating margin scored 4/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 37/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.