United Way of Sarasota County Inc

Nonprofit profile at a glance

EIN
590737866
IRS 990 coverage
2009–2009
Forms available
Form 990 2009
Location
Sarasota, FL, USA
Phone
9413662686
Rating confidence
Limited
Sector
Federated Giving Programs

Official website

Reported finances

Revenue
$3,046,390
Expenses
$3,164,530
Assets
$6,458,988
Liabilities
$2,320,670

Source: IRS Form 990. Selected filing: tax year 2009. Amounts in USD.

Leadership & pay

20 people listed

Source: IRS Form 990. Selected filing: tax year 2009. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To improve the lives of people and their families by mobilizing and uniting the caring power of our community. We work to advance the common good by focusing on Education, Income and Health. These are the building blocks for a good life - a quality education that leads to a stable job, enough income to support a family through retirement, and good health.

What it reported doing in 2009

Financial Stability: The purpose of this program is to transform and stabilize our community by giving hard-working people and their families the opportunity to move toward financial independence. Our goals are to link more low-income households to financial educational programs, workforce development programs, and family support services; to provide low-wealth households the skills and tools to manage their money, save for the future, and build assets; to provide greater access to income sources and services that working families might not know exist. Financial Stability includes the Volunteer Income Tax Assistance (VITA) program which has increased the number of residents applying for EITC (Earned Income Tax Credits) and CTC (Child Tax Credits) with free tax preparation sites. Second year results included 9 permanent tax preparation sites in Sarasota, Venice, North Port and Arcadia with mobile outreach to Englewood, Laurel and Newtown. 59 trained VITA volunteers helped clients receive $1,343,919 in total refunds

Operating model

Revenue model
Donor-supported. 96% of the money available for current operations came from contributions and gifts.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 94
  • Accountability: 100
  • Sustainability: 43
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 59th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 67th 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: 8 of 8 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: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -3.9%; rating input score 24; 24th percentile among comparable filings
  • Total-asset coverage ratio: 2.04; rating input score 70; 70th percentile among comparable filings
  • Liabilities to assets ratio: 0.36; rating input score 44; 44th percentile among comparable filings
  • Officer compensation ratio: 4.3%; rating input score 50; 50th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 17 of 17 board members independent · 8 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $2.4M in reported program spending
  • Leadership: top reported pay $137K · 20 people listed
  • Consistency: 32 of 32 current checks pass
  • Schedules: 6 filed schedules · includes major donors and grants
  • Money network: 32 filed money-flow records
  • Related organizations: 31 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 24/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 44/100.
  • Review — Sustainability: Officer compensation ratio scored 50/100.