The Capstone Group Inc and Subsidiarie

Nonprofit profile at a glance

EIN
431821821
IRS 990 coverage
2010–2025
Forms available
Form 990 2025
Location
Marietta, GA, USA
Phone
7705781754
Rating
71
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Supportive Housing for Older Adults

Reported finances

Revenue
$11,436,014
Expenses
$10,904,638
Assets
$17,516,528
Liabilities
$11,653,817

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • MICHAEL A MICHAUD (PRESIDENT & TREASURER)
  • GREGORY T SLESSOR (VICE PRESIDENT)

Highest reported compensation

  • MICHAEL A MICHAUD (PRESIDENT & TREASURER): $120,000 total reported compensation
  • JAMES J LOCK (SECRETARY): $8,281 total reported compensation
  • GREGORY T SLESSOR (VICE PRESIDENT): $7,500 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Operation of long-term health care facilities

What it reported doing in 2025

Operation of long-term health care facilities. The capstone group owns two facilities, one in guthrie center, ia and one in marion, ia. The guthrie center facility offers a full spectrum of care needs, with seventeen (17) independent living apartments for senior citizens, fourteen (14) assisted living units, and fifty-eight (58) skilled nursing beds. In total the new homestead is capable of serving, should there be demand, up to one-hundred and twenty-six (126) residents were there to be couples in independent living and assisted living apartments. The marion facility is focused on skilled nursing care and is licensed for fifty (50) beds.

Operating model

Revenue model
Other-operating. 99% of the money available for current operations came from other operating 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

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 77
  • Transparency & Controls: 90
  • Accountability: 28
  • Sustainability: 45
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 85.1%; rating input score 85
  • Program expense ratio: 89.2%; rating input score 89
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 0%; rating input score 0; 3rd percentile among comparable filings
  • Governance controls: 6 of 9 controls in place; rating input score 67
    • 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: Fail
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 4.6%; rating input score 43; 43rd percentile among comparable filings
  • Total-asset coverage ratio: 1.61; rating input score 44; 44th percentile among comparable filings
  • Liabilities to assets ratio: 0.67; rating input score 16; 16th percentile among comparable filings
  • Officer compensation ratio: 1.2%; rating input score 85; 85th percentile among comparable filings

Growth

  • Program expense growth: 7.3% per year; rating input score 100; 54th percentile among comparable filings
  • Revenue growth: 5.6% per year; rating input score 100; 46th percentile among comparable filings
  • Asset growth: 5.9% per year; rating input score 100; 42nd percentile among comparable filings

Details

  • Where the money goes: 85.1% of revenue deployed · 89.2% of spending went to programs
  • Governance: 0 of 3 board members independent · 6 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $9.7M in reported program spending
  • Leadership: top reported pay $120K · 3 people listed
  • Highest-paid contractors: 5 contractors listed · $2.7M reported
  • Consistency: 32 of 32 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 14 filing years from 2010 to 2025
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Related organizations: 4 filed related-organization links
  • 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.

  • High — Accountability: Independent voting board scored 0/100.
  • Review — Accountability: Governance controls: 3 of 9 not reported.
  • Moderate — Sustainability: Operating margin scored 43/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 44/100.
  • High — Sustainability: Liabilities to assets ratio scored 16/100.