Terrace Foundation
Nonprofit profile at a glance
- EIN
- 202366003
- IRS 990-EZ coverage
- 2010–2019
- Forms available
- Form 990-EZ 2019
- Location
- Washington, IL, USA
- Phone
- 3094445990
- Rating confidence
- Limited
- Sector
- Single Organization Support
Reported finances
- Expenses
- $36
- Assets
- $33,313
Source: IRS Form 990-EZ. Selected filing: tax year 2019. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- WILLIAM WOMBACHER (PRESIDENT/DI)
People named in this filing
- WILLIAM WOMBACHER (PRESIDENT/DI)
- JAMES STOWELL (V. PRES/DIRE)
- DAN VONACHEN (SECY/TREAS/D)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2019. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Support of galena park terrace, an irc section 501(c)(3) charitable organization
What it reported doing in 2019
Support of galena park terrace, an irc section 501(c)(3) charitable organization providing care for the elderly. The terrace foundation owns real estate surrounding the galena park terrace facility providing green space and buffer area from adjacent improved areas, as well as maintenance buildings used by galena park terrace.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- 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
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: 38
- Transparency & Controls: NotEnoughData
- Sustainability: 35
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: Limited
- Major donor itemization: Limited
Sustainability
- Operating margin: Limited
- Total-asset coverage ratio: 925.36; rating input score 98; 98th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 52; 52nd percentile among comparable filings
Growth
- Program expense growth: -6.5% per year; rating input score 0; 63rd percentile among comparable filings
- Revenue growth: Limited
- Asset growth: -0.1% per year; rating input score 0; 69th percentile among comparable filings
Details
- Where the money goes: 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $36 in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 3 of 3 current checks pass
- Schedules: 2 filed schedules
- Filing history: 10 filing years from 2010 to 2019
- Contacts: How to reach this organization
- 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 — Growth: Program expense growth scored 0/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 52/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.