Tri-county Action Program Inc
Nonprofit profile at a glance
- EIN
- 416049739
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Waite Park, MN, USA
- Phone
- 3202511612
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Human Service Organizations
Reported finances
- Revenue
- $12,734,323
- Expenses
- $11,067,467
- Assets
- $9,723,864
- Liabilities
- $1,742,666
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
21 people listed
Highest reported compensation
- LISA DREW (DIR OF COMM DEV): $139,758 total reported compensation
- GARY SAUER (IT SYSTEMS ADMIN): $132,616 total reported compensation
- MICHELLE PETERSON (INTERIM ED(END 8/11/24)/HR DIRECTOR): $130,848 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The intent of the agency's mission is to enhance and expand opportunities for the economic and social well-being of low- and moderate-income households and, in some cases, the general public. Resources to provide services are funded through federal, state, and county grants, fee for services, third-party reimbursement, and donation. Tri-cap strives to meet the needs of the community by actively participating in collaborative efforts with entities throughout the social service system. The agency utilizes the community needs assessment completed in 2023. The needs assessment assists the agency to identify systems and opportunities for improvements for the agency. In an initiative to increase agency diversity, equity, and inclusion, tri-cap partnered with strategic diversity initiatives (sdi). In july 2023, sdi launched a comprehensive dei assessment, comprised of a confidential and anonymous staff survey, and focus groups to find key areas of strength, opportunities, and recommendations.
What it reported doing in 2024
Transportation: transit connection public bus operations offer rural transportation including dial-a-ride, fixed route and small city service. The transportation dispatch staff coordinates the requests and assists customers in obtaining reliable transportation and identifies other alternatives when our services are not a viable solution. These services are offered for those in benton, stearns, sherburne, mille lacs and morrison counties. A total of 144,064 one-way rides were provided to the communities.the volunteer driver program provides rides for clients in stearns, sherburne, benton, mille lacs and morrison counties to destinations throughout Minnesota. We provide rides for medical appointments, family visits, counseling and other essential needs. We currently have 38 volunteer drivers who performed 15,733 one-way rides, drove 642,063 miles, and volunteered 20,896 hours.
Operating model
- Revenue model
- Grant-funded. 85% of the money available for current operations came from government grants.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 75% for direct work, and 25% for grants.
The verdict
STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Total assets are small relative to annual expenses; liquid coverage is unknown and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 69
- Transparency & Controls: 94
- Accountability: 100
- Sustainability: 55
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 74.1%; rating input score 74
- Program expense ratio: 85%; rating input score 85
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 9 of 9 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: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 13.1%; rating input score 73; 73rd percentile among comparable filings
- Total-asset coverage ratio: 0.88; rating input score 31; 31st percentile among comparable filings
- Liabilities to assets ratio: 0.18; rating input score 61; 61st percentile among comparable filings
- Officer compensation ratio: 6.2%; rating input score 41; 41st percentile among comparable filings
Growth
- Program expense growth: 5.4% per year; rating input score 100; 45th percentile among comparable filings
- Revenue growth: 3.8% per year; rating input score 100; 33rd percentile among comparable filings
- Asset growth: 4.7% per year; rating input score 100; 33rd percentile among comparable filings
Details
- Where the money goes: 74.1% of revenue deployed · 85% of spending went to programs
- Governance: 14 of 14 board members independent · 9 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $9.4M in reported program spending
- Leadership: top reported pay $140K · 21 people listed
- Highest-paid contractors: 5 contractors listed · $1.8M reported
- Consistency: 34 of 34 current checks pass
- Schedules: 5 filed schedules · includes major donors and grants
- Filing history: 15 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 6 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.
- Moderate — Sustainability: Total-asset coverage ratio scored 31/100.
- Moderate — Sustainability: Officer compensation ratio scored 41/100.