Ulh Inc

Nonprofit profile at a glance

EIN
310926171
IRS 990 coverage
2011–2017
Forms available
Form 990 2017
Location
Louisville, KY, USA
Phone
5028527300
Rating
72
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Student Services, Organizations of Students

Reported finances

Revenue
$8,714,119
Expenses
$7,825,043
Assets
$43,242,391
Liabilities
$42,165,302

Source: IRS Form 990. Selected filing: tax year 2017. Amounts in USD.

Leadership & pay

26 people listed

Highest reported compensation

  • KEITH SHERMAN (COO): $262,922 total reported compensation
  • JASON TOMLINSON (ASST TREASURER (FORMER)): $220,826 total reported compensation
  • GREGORY C POSTEL (DIRECTOR (PREVIOUS)): $188,051 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2017. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Ulh, inc. Leases land and issues revenue bonds for student housing purposes and receives, retains and disposes of real estate, and manages and operates the student housing properties it owns.

What it reported doing in 2017

Bettie johnson hall (financed by the proceeds of series 2010a bonds) is an apartment-style residence hall on leased property located on a one-half city block bounded by south fourth and west cardinal boulevard in louisville, ky.

Operating model

Revenue model
Earned-program. 99% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 93% 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 - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 79
  • Transparency & Controls: 60
  • Accountability: 74
  • Sustainability: 68
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 85.1%; rating input score 85
  • Program expense ratio: 96.2%; rating input score 96
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd 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: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 3 of 9 controls in place; rating input score 38
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Limited
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 10.2%; rating input score 69; 69th percentile among comparable filings
  • Total-asset coverage ratio: 5.53; rating input score 86; 86th percentile among comparable filings
  • Liabilities to assets ratio: 0.98; rating input score 8; 8th percentile among comparable filings
  • Officer compensation ratio: 0.8%; rating input score 83; 83rd percentile among comparable filings

Growth

  • Program expense growth: 0.4% per year; rating input score 100; 26th percentile among comparable filings
  • Revenue growth: 2.5% per year; rating input score 100; 36th percentile among comparable filings
  • Asset growth: -1.5% per year; rating input score 0; 19th percentile among comparable filings

Details

  • Where the money goes: 85.1% of revenue deployed · 96.2% of spending went to programs
  • Governance: 15 of 15 board members independent · 3 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $7.5M in reported program spending
  • Leadership: top reported pay $263K · 26 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 2 contractors listed · $265K reported
  • Consistency: 27 of 27 current checks pass
  • Schedules: 6 filed schedules · includes executive pay
  • Filing history: 7 filing years from 2011 to 2017
  • Contacts: How to reach this organization
  • Related organizations: 5 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.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Moderate — Accountability: Governance controls: 5 of 8 not reported.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 8/100.