The Pinnacle Foundation

Nonprofit profile at a glance

EIN
992396899
IRS 990 coverage
2024–2025
Forms available
Form 990 2025
Location
Smithfield, RI, USA
Phone
4014276138
Rating
78
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Vocational, Technical Schools

Official website

Reported finances

Revenue
$18,822
Expenses
$20,574
Assets
$2,148
Liabilities
$0

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

Leadership & pay

2 people listed

People named in this filing

  • ALLEN PACHECO (DIRECTOR)
  • LISA RATAIC (DIRECTOR)

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 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The pinnacle foundation's exempt purpose is to further education of graduating high school seniors, past graduates with a degree, or ged equivalent who intend to pursue a trade or vocational degree or certification at an accredited community college or trade school in the plumbing, heating and hvac trades.in support of its exempt purpose, the pinnacle foundation raises funds for scholarships and tools to graduating high school seniors, past graduates with a degree, or ged equivalent who intend to pursue a trade or vocational degree or certification at an accredited community college or trade school in the plumbing, heating or hvac trades. The scholarships and tools are used to offset the student's costs for such program expenses.

What it reported doing in 2025

The pinnacle foundation conducts its activity in north smithfield, Rhode Island. It raises funds for the scholarships and tools through donations made by members of the community and fund-raising events, such as golf tournaments. All expenses are allocated to raising funds and distributing scholarships. The pinnacle foundation also intends to donate to other irc 501(c)(3) charities that have similar exempt purposes as the pinnacle foundation and to provide general philanthropy to the community.

Operating model

Revenue model
Other-operating. 100% of the money available for current operations came from other operating revenue.
Distribution model
Hybrid. The nonprofit split its reported program spending across 44% for direct work, and 56% for grants.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and some filed totals do not add up.

Rating breakdown

  • Financial Efficiency: 85
  • Transparency & Controls: 81
  • Accountability: 70
  • Sustainability: 37
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 99.3%; rating input score 99
  • Program expense ratio: 90.9%; rating input score 91
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 90%; rating input score 90; 14th 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: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 2 of 7 controls in place; rating input score 29
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • 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: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -9.3%; rating input score 42; 42nd percentile among comparable filings
  • Total-asset coverage ratio: 0.1; rating input score 10; 10th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 66; 66th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 58; 58th percentile among comparable filings

Growth

  • Program expense growth: 54.6% per year; rating input score 100; 94th percentile among comparable filings
  • Revenue growth: 23.3% per year; rating input score 100; 95th percentile among comparable filings
  • Asset growth: -57.9% per year; rating input score 0; 2nd percentile among comparable filings

Details

  • Where the money goes: 99.3% of revenue deployed · 90.9% of spending went to programs
  • Governance: 2 of 2 board members independent · 2 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $19K in reported program spending
  • Leadership: top reported pay $0 · 2 people listed
  • Consistency: 13 of 14 current checks pass · 1 finding to review
  • Schedules: 3 filed schedules
  • Filing history: 2 filing years from 2024 to 2025
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Accountability: Governance controls: 4 of 6 not reported.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • Moderate — Sustainability: Operating margin scored 42/100.
  • High — Sustainability: Total-asset coverage ratio scored 10/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 58/100.