Valley Packaging Industries Inc
Nonprofit profile at a glance
- EIN
- 390921632
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Appleton, WI, USA
- Phone
- 9208822800
- Rating
- 76
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Vocational Rehabilitation
Reported finances
- Revenue
- $14,614,292
- Expenses
- $7,711,083
- Assets
- $15,415,765
- Liabilities
- $2,990,606
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
20 people listed
Executive titles in this filing
- TIM RIEBAU (PRESIDENT/CEO)
- TIMM KAMINSKI (VICE PRESIDENT OF OPERATIONS)
Highest reported compensation
- TIM RIEBAU (PRESIDENT/CEO): $209,296 total reported compensation
- TIMM KAMINSKI (VICE PRESIDENT OF OPERATIONS): $115,740 total reported compensation
- DREW WADEL (SALES/ACCOUNT MANAGER): $109,219 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To promote the dignity and worth of individuals who have disabilities or are disadvantaged by providing vocational and other rehabilitation services to assist them in developing their optimum level of social, vocational, and economic independence in the community.
What it reported doing in 2024
Community Outreach Center provided social, vocational, and recreational activities to people with mental illnesses. An average of 293 people were served in 2024.
Operating model
- Revenue model
- Grant-funded. 81% of the money available for current operations came from government grants.
- 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 - A large share of available resources goes toward mission work and the filed numbers largely add up. Reported officer compensation is a large share of total spending, which may reflect staffing concentration and liabilities are high compared with assets.
Rating breakdown
- Financial Efficiency: 67
- Transparency & Controls: 70
- Accountability: 96
- Sustainability: 72
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 77.3%; rating input score 77
- Program expense ratio: 72%; rating input score 72
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Pass
- 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: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 93.8%; rating input score 94; 27th percentile among comparable filings
- Governance controls: 9 of 9 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: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 47.2%; rating input score 93; 93rd percentile among comparable filings
- Total-asset coverage ratio: 2; rating input score 62; 62nd percentile among comparable filings
- Liabilities to assets ratio: 0.19; rating input score 59; 59th percentile among comparable filings
- Officer compensation ratio: 8.4%; rating input score 28; 28th percentile among comparable filings
Growth
- Program expense growth: 1.7% per year; rating input score 100; 18th percentile among comparable filings
- Revenue growth: 4.8% per year; rating input score 100; 42nd percentile among comparable filings
- Asset growth: 2.8% per year; rating input score 100; 21st percentile among comparable filings
Details
- Where the money goes: 77.3% of revenue deployed · 72% of spending went to programs
- Governance: 15 of 16 board members independent · 9 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $5.6M in reported program spending
- Leadership: top reported pay $209K · 20 people listed · 1 of 6 pay-setting controls reported
- Consistency: 46 of 46 current checks pass
- Schedules: 6 filed schedules · includes major donors and executive pay
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 5 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Sustainability: Officer compensation ratio scored 28/100.
- Review — Sustainability: Liabilities to assets ratio scored 59/100.
- High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.