United Way of the Florida Keys Inc

Nonprofit profile at a glance

EIN
591288630
IRS 990 coverage
2010–2016
Forms available
Form 990 2016
Location
Key West, FL, USA
Phone
3057351929
Rating
80
Verdict
STRONG
Rating confidence
Standard
Sector
Federated Giving Programs

Official website

Reported finances

Revenue
$450,108
Expenses
$461,571
Assets
$553,742
Liabilities
$173,013

Source: IRS Form 990. Selected filing: tax year 2016. Amounts in USD.

Leadership & pay

13 people listed

Executive titles in this filing

  • Kate Bauer-Jones (President/CEO)

Highest reported compensation

  • Kate Bauer-Jones (President/CEO): $87,006 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2016. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of the United Way of the Florida Keys is to be the leader in community caring. All funds raised in the Keys stays in the Keys United Way of the Florida Keys (UWFK) helps build and support strong working families by providing financial support to local non-profit organizations that provide critical services to our neighbors in need from food pantries to shelters. UWFK engages in advocacy with other non-profits to that end. The community impacts focus areas, around which our work and funding to local non-profits are oriented, are 1) access to quality, nutritious food and 2) support for early childhood and youth development.

What it reported doing in 2016

See Schedule I of the 2016 990. United Way of the Florida Keys (UWFK) provided support to 13 non-profit organizations in Monroe County, Florida. The amounts allocated to these agencies ranged from $5,000 to $30,000. Services provided by these agencies included services for children in the areas of education and recreation, support for food programs such as pantries, food support for pregnant mothers and children under three, and a backpack program to provide food for insecure children. The UWFK has a unique role in our community as both a funder of critical services that is supported the local community primarily through employee payroll deductions and also as the convener of the county-wide discussion coordinating other organizations to work together to address systemic needs within our community additional community impact work. The work also organizes a county-wide school supply drive with multiple retailers and partner businesses to collect school supplies for local school kids in need of supplies. Also made significant progress aiding local food pantries keyswide to recover refrigerated donated food from grocery stores. In addition, we have been working on solutions county-wide for affordable childcare for working families.

Operating model

Revenue model
Donor-supported. 80% of the money available for current operations came from contributions and gifts.
Distribution model
Cannot be determined from the filing. The program-spending lines do not add up, so the filing cannot show reliably whether the nonprofit works directly or through others.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Fundraising costs are high for each dollar raised and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 67
  • Transparency & Controls: 96
  • Accountability: 90
  • Sustainability: 35
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 73.1%; rating input score 73
  • Program expense ratio: 71.1%; rating input score 71
  • Fundraising efficiency: $5.87 raised per $1 spent on fundraising; rating input score 27; 27th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 93.8%; rating input score 94; 25th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 97.1%; rating input score 97; 54th 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; 63rd percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • 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: -2.5%; rating input score 34; 34th percentile among comparable filings
  • Total-asset coverage ratio: 1.2; rating input score 48; 48th percentile among comparable filings
  • Liabilities to assets ratio: 0.31; rating input score 20; 20th percentile among comparable filings
  • Officer compensation ratio: 18.8%; rating input score 22; 22nd percentile among comparable filings

Growth

  • Program expense growth: 11% per year; rating input score 100; 74th percentile among comparable filings
  • Revenue growth: 2.9% per year; rating input score 100; 50th percentile among comparable filings
  • Asset growth: 0.1% per year; rating input score 100; 38th percentile among comparable filings

Details

  • Where the money goes: 73.1% of revenue deployed · 71.1% of spending went to programs
  • Governance: 12 of 12 board members independent · 6 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $328K in reported program spending
  • Leadership: top reported pay $87K · 13 people listed
  • Consistency: 31 of 32 current checks pass · 1 finding to review
  • Schedules: 6 filed schedules · includes major donors and grants
  • Filing history: 7 filing years from 2010 to 2016
  • Contacts: How to reach this organization
  • Money network: 14 filed money-flow records
  • Related organizations: 12 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 — Financial Efficiency: Fundraising efficiency scored 27/100.
  • Review — Accountability: Governance controls: 2 of 8 not reported.
  • Moderate — Sustainability: Operating margin scored 34/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 48/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • High — Sustainability: Liabilities to assets ratio scored 20/100.
  • High — Sustainability: Officer compensation ratio scored 22/100.