Trinity Roselle Foundation

Nonprofit profile at a glance

EIN
363309063
IRS 990 coverage
2020–2024
Forms available
Form 990 2024
Location
Roselle, IL, USA
Phone
6308943263
Rating
69
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Support N.E.C.
Affiliation
Christianity

Official website

Reported finances

Revenue
$433,342
Expenses
$177,856
Assets
$2,961,459
Liabilities
$9,660

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

10 people listed

Executive titles in this filing

  • Reverend Keith A Speaks (President and Director)

Highest reported compensation

  • Carole J Arco (Former Treasurer and Former Director): $128,009 total reported compensation
  • Reverend Keith A Speaks (President and Director): $52,744 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Trinity Roselle Foundation is a supporting organization (501(c)(3)) dedicated to support Trinity Lutheran Church and School's mission to Gather, Grow, and Send everyday missionaries out into our community. We seek to expand the Lord's work among His people, both in Roselle, Illinois and beyond. Individuals are encouraged by the Foundation to share their blessings from God to extend our ability to spread the Gospel message and to bless others.

What it reported doing in 2024

School Fund - Contributions and earnings generated from investments within this fund are used to partner with Trinity Lutheran School providing assistance to school families wishing to send their children to the school but lack the financial means to afford full tuition. An independent organization analyzes applications for tuition assistance from both current and prospective school families. Needs-based assistance is provided to approved families through the school's Grant-in-Aid Program. Grants provided by the Foundation fill a portion of the tuition affordability gap for families that apply for and are approved for financial assistance through this program. Additionally, Foundation grants provide for the addition, modernization and replacement of technology, equipment and facilities needed by the school to maintain a state-of-the-art learning environment. Past funding has also provided for teacher training and parent workshops that sharpen parental skills that augment partnering with school faculty to help children develop into better students and responsible young Christians.

Operating model

Revenue model
Investment-supported. 61% of the money available for current operations came from recurring investment income.
Distribution model
Grant intermediary. The nonprofit sent 96% of its reported program spending out as grants.

The verdict

SUPPORTED - A large share of total spending goes to programs and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.

Rating breakdown

  • Financial Efficiency: 66
  • Transparency & Controls: 67
  • Accountability: 70
  • Sustainability: 79
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 50.8%; rating input score 51
  • Program expense ratio: 88.9%; rating input score 89
  • Fundraising efficiency: $41.74 raised per $1 spent on fundraising; rating input score 73; 73rd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 90.9%; rating input score 91; 13th percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 95.7%; rating input score 96; 55th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 88.9%; rating input score 89; 24th percentile among comparable filings
  • Governance controls: 4 of 9 controls in place; rating input score 44
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 59%; rating input score 94; 94th percentile among comparable filings
  • Total-asset coverage ratio: 16.65; rating input score 94; 94th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 52; 52nd percentile among comparable filings
  • Officer compensation ratio: 37.6%; rating input score 7; 7th percentile among comparable filings

Growth

  • Program expense growth: 1.5% per year; rating input score 100; 37th percentile among comparable filings
  • Revenue growth: 12.3% per year; rating input score 100; 77th percentile among comparable filings
  • Asset growth: 5.9% per year; rating input score 100; 51st percentile among comparable filings

Details

  • Where the money goes: 50.8% of revenue deployed · 88.9% of spending went to programs
  • Governance: 8 of 9 board members independent · 4 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $158K in reported program spending
  • Leadership: top reported pay $128K · 10 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 41 of 42 current checks pass · 1 finding to review
  • Schedules: 7 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 5 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • Money network: 5 filed money-flow records
  • Related organizations: 6 filed related-organization links
  • 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.

  • Review — Financial Efficiency: Mission deployment rate scored 51/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Moderate — Accountability: Governance controls: 5 of 9 not reported.
  • High — Sustainability: Officer compensation ratio scored 7/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Review — Sustainability: Liabilities to assets ratio scored 52/100.