TRICO Opportunities, Inc.
Legal name: Trico Opportunities Inc
Nonprofit profile at a glance
- EIN
- 381871305
- IRS 990 coverage
- 2009–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Kingsford, MI, USA
- Phone
- (906) 774-5718
- Rating
- 62
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Sheltered Employment
Reported finances
- Revenue
- $1,434,136
- Expenses
- $967,993
- Assets
- $4,305,444
- Liabilities
- $128,347
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- BRIAN BROUILLETTE (PRESIDENT)
People named in this filing
- HUGO LATVALA (MEMBER)
- BRIAN BROUILLETTE (PRESIDENT)
- JIM HORD (TREASURER)
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 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Trico opportunities, inc. Is a vocational rehabilitation and skill-building organization that provides services to disabled and other individuals experiencing barriers to employment. Trico provides a multitude of programs and services that assist each program participant in maximizing his/her capabilities and potential to become self-sufficient and self-supporting to the greatest extent possible. This may include long or short-term programming like vocational training and/or skill-building work within the facility, or it may be vocational assessments, vocational counseling, supported/competitive employment placements, and/or job development within the community, with necessary follow-along services.
What it reported doing in 2024
The wood products manufacturing facility is structured to provide vocational training, skill-building, work adjustment, customized employment, and employment to disabled individuals with a higher functioning capacity than those in work activities, but who are not yet ready for community placement under competitive employment conditions. These individuals, however, would qualify for supported and/or transitional employment in the community as opportunities or options arise.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- 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 most voting board members are independent. A relatively small share of available resources goes toward mission work and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 37
- Transparency & Controls: 84
- Accountability: 88
- Sustainability: 81
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 23.7%; rating input score 24
- Program expense ratio: 70%; rating input score 70
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 92.9%; rating input score 93; 19th 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; 63rd percentile among comparable filings
- Governance controls: 5 of 7 controls in place; rating input score 71
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 32.5%; rating input score 86; 86th percentile among comparable filings
- Total-asset coverage ratio: 4.45; rating input score 83; 83rd percentile among comparable filings
- Liabilities to assets ratio: 0.03; rating input score 58; 58th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings
Growth
- Program expense growth: -14.3% per year; rating input score 0; 3rd percentile among comparable filings
- Revenue growth: -7.2% per year; rating input score 0; 4th percentile among comparable filings
- Asset growth: -2.9% per year; rating input score 0; 10th percentile among comparable filings
Details
- What they do: 8 programs and campaigns described on the official site · 5 operating locations identified
- Where the money goes: 23.7% of revenue deployed · 70% of spending went to programs
- Governance: 5 of 5 board members independent · 5 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $678K in reported program spending
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 26 of 27 current checks pass · 1 finding to review
- Schedules: 3 filed schedules
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- 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 — Financial Efficiency: Mission deployment rate scored 24/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.
- Moderate — Transparency & Controls: Schedule D land buildings reconciliation did not reconcile in the filed values.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Liabilities to assets ratio scored 58/100.