Vision Athena Inc
Nonprofit profile at a glance
- EIN
- 351926507
- IRS 990 coverage
- 2010–2014
- Forms available
- Form 990 2014
- Location
- Louisville, KY, USA
- Phone
- 3172316525
- Rating
- 60
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Scholarships, Student Financial Aid Services, Awards
Reported finances
- Revenue
- $187,315
- Expenses
- $252,200
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2014. Amounts in USD.
Leadership & pay
9 people listed
Highest reported compensation
- Jan Zanetis (Executive Direc): $25,710 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2014. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The organization's primary purpose is to improve student achievement, teacher expertise and content provider effectiveness through the use of videoconferencing and other collaborative technologies.
What it reported doing in 2014
The organization's consulting services in interactive videoconferencing has enhanced student development of critical thinking, problem solving, research, and presentation skills. Various online products and conferences have provided opportunities for educators to strengthen their knowledge and abilities. Content Dollar Bank project helps educators manage their videoconferencing initiative. It provides the ability for educators to request professional development and student programming from over 230 US and international content providers.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 89% 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 - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 27
- Transparency & Controls: 100
- Accountability: 95
- Sustainability: 8
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 18.5%; rating input score 19
- Program expense ratio: 50%; rating input score 50
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- 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; 63rd percentile among comparable filings
- Governance controls: 7 of 8 controls in place; rating input score 88
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- 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: Fail
Sustainability
- Operating margin: -34.6%; rating input score 7; 7th percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 10.2%; rating input score 34; 34th percentile among comparable filings
Growth
- Program expense growth: -88.1% per year; rating input score 0; 3rd percentile among comparable filings
- Revenue growth: -37% per year; rating input score 0; 3rd percentile among comparable filings
- Asset growth: -46.9% per year; rating input score 0; 2nd percentile among comparable filings
Details
- Where the money goes: 18.5% of revenue deployed · 50% of spending went to programs
- Governance: 8 of 8 board members independent · 7 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $126K in reported program spending
- Leadership: top reported pay $26K · 9 people listed
- Consistency: 27 of 27 current checks pass
- Schedules: 2 filed schedules
- Filing history: 5 filing years from 2010 to 2014
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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.
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 — Financial Efficiency: Mission deployment rate scored 19/100.
- Review — Financial Efficiency: Program expense ratio scored 50/100.
- High — Sustainability: Operating margin scored 7/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 1/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- High — Growth: Asset growth scored 0/100.
- Moderate — Sustainability: Officer compensation ratio scored 34/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.