Toledo Early Learning Coalition Incorporated

Nonprofit profile at a glance

EIN
833522504
IRS 990 coverage
2020–2021
Forms available
Form 990 2021
Location
Toledo, OH, USA
Phone
4199448845
Rating
72
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Kindergarten, Preschool, Nursery School, Early Admissions

Official website

Reported finances

Revenue
$427,217
Expenses
$408,877
Assets
$127,174
Liabilities
$40,561

Source: IRS Form 990. Selected filing: tax year 2021. Amounts in USD.

Leadership & pay

7 people listed

Highest reported compensation

  • Marcus Goodwin (Director): $76,000 total reported compensation
  • Stephanie Smith (Vice Chairman Program Director): $58,282 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2021. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To ensure that all youth ages 0-5 have access to quality early learning programs and services regardless of race sex economic status or geographical location and the ability and the support necessary to enter kindergarten ready to learn and succeed.

What it reported doing in 2021

Facilitating a shared service and back office administrative support system to support a network or early learning centers to ensure that they are offering high quality services to children ages 0-5.

Operating model

Revenue model
Other-operating. 85% 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 - The filed numbers largely add up and a large share of available resources goes toward mission work. Revenue has declined or grown slowly and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 66
  • Transparency & Controls: 90
  • Accountability: 73
  • Sustainability: 26
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 73%; rating input score 73
  • Program expense ratio: 76.3%; rating input score 76
  • Fundraising efficiency: Limited

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: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 71.4%; rating input score 71; 19th percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 4.3%; rating input score 40; 40th percentile among comparable filings
  • Total-asset coverage ratio: 0.31; rating input score 12; 12th percentile among comparable filings
  • Liabilities to assets ratio: 0.32; rating input score 17; 17th percentile among comparable filings
  • Officer compensation ratio: 32.8%; rating input score 10; 10th percentile among comparable filings

Growth

  • Program expense growth: 44% per year; rating input score 100; 94th percentile among comparable filings
  • Revenue growth: -2% per year; rating input score 0; 24th percentile among comparable filings
  • Asset growth: 49.4% per year; rating input score 100; 95th percentile among comparable filings

Details

  • Where the money goes: 73% of revenue deployed · 76.3% of spending went to programs
  • Governance: 5 of 7 board members independent · 6 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $409K in reported program spending
  • Leadership: top reported pay $76K · 7 people listed
  • Highest-paid contractors: 2 contractors listed · $3K reported
  • Consistency: 40 of 40 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 2 filing years from 2020 to 2021
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • 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.

  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 40/100.
  • High — Sustainability: Total-asset coverage ratio scored 12/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Sustainability: Officer compensation ratio scored 10/100.
  • High — Sustainability: Liabilities to assets ratio scored 17/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.