The William J Gould Associates Inc
Nonprofit profile at a glance
- EIN
- 042134819
- IRS 990 coverage
- 2012–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Monterey, MA, USA
- Phone
- 4135281804
- Rating
- 88
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $6,000,613
- Expenses
- $6,153,691
- Assets
- $13,186,217
- Liabilities
- $1,960,246
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
14 people listed
Executive titles in this filing
- LISANNE FINSTON (EXECUTIVE DIRECTOR)
Highest reported compensation
- LISANNE FINSTON (EXECUTIVE DIRECTOR): $144,876 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Gould farm is a therapeutic community that promotes recovery for people with mental health and related challenges through meaningful work, community living, and clinical care.
What it reported doing in 2024
See schedule ogould farm, founded in 1913, is a residential therapeutic community dedicated to helping adults with mental health and related challenges move toward recovery and independence through community living, meaningful work, and clinical care. We refer to our residents as "guests and welcome them into a supportive community environment made up of staff and their families, most of whom live on the 700-acre campus. We help adults with depression, bipolar disorder, schizoaffective disorder, schizophrenia and other challenges rebuild and regain their lives. Gould farm offers a full continuum of services that includes individual and group therapy, work therapy and community re-integration support. Programs in both boston and the berkshires provide transitional support for guests ready to live more independently. Vocational counseling is available for those preparing to return to school or work. Accomplishments this year included providing integrated treatment to 86 unduplicated people including 59 people in monterey, ma at the farm, 27 people in both our residential and non-residential programs at fellside our boston transition program. In addition, we completed extensive renovations of the mckee guest residence. We launched the quiet phase of an endowment and capital campaign. We expanded our wellness programming to include individual and group nutrition and fitness education and support.
Operating model
- Revenue model
- Earned-program. 80% of the money available for current operations came from fees and other program 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.
- 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. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 84
- Transparency & Controls: 92
- Accountability: 100
- Sustainability: 45
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 95.6%; rating input score 96
- Program expense ratio: 89.1%; rating input score 89
- Fundraising efficiency: $3.88 raised per $1 spent on fundraising; rating input score 12; 12th 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: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- 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: Pass
Sustainability
- Operating margin: -2.6%; rating input score 25; 25th percentile among comparable filings
- Total-asset coverage ratio: 2.14; rating input score 64; 64th percentile among comparable filings
- Liabilities to assets ratio: 0.15; rating input score 51; 51st percentile among comparable filings
- Officer compensation ratio: 2.4%; rating input score 74; 74th percentile among comparable filings
Growth
- Program expense growth: 5.1% per year; rating input score 100; 40th percentile among comparable filings
- Revenue growth: 3.6% per year; rating input score 100; 31st percentile among comparable filings
- Asset growth: 5.6% per year; rating input score 100; 38th percentile among comparable filings
Details
- Where the money goes: 95.6% of revenue deployed · 89.1% of spending went to programs
- Governance: 13 of 13 board members independent · 8 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $5.5M in reported program spending
- Leadership: top reported pay $145K · 14 people listed
- Highest-paid contractors: 1 contractor listed · $458K reported
- Consistency: 38 of 38 current checks pass
- Schedules: 6 filed schedules · includes major donors
- Filing history: 13 filing years from 2012 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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 — Financial Efficiency: Fundraising efficiency scored 12/100.
- High — Sustainability: Operating margin scored 25/100.
- Review — Sustainability: Liabilities to assets ratio scored 51/100.