Vision Forward Association Foundation Inc
Nonprofit profile at a glance
- EIN
- 392040359
- IRS 990 coverage
- 2010–2020
- Forms available
- Form 990 2020
- Location
- Milwaukee, WI, USA
- Phone
- 4146150100
- Rating
- 46
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Eye Diseases, Blindness and Vision Impairments
Reported finances
- Revenue
- $1,753,181
- Expenses
- $305,158
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2020. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- DAVE STRELITZ (PRESIDENT)
- JAMES DOBRINSKA (VICE PRESIDENT)
- TERRI DAVIS (EXECUTIVE DIRECTOR)
Highest reported compensation
- TERRI DAVIS (EXECUTIVE DIRECTOR): $148,308 total reported compensation
- MATT LEMKE (FINANCE DIRECTOR UNTIL JUN 2020): $56,587 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of the vision forward association foundation is to serve as a vehicle for raising and managing funding used to support programs that serve and benefit individuals dealing with blindness or vision impairment and their families.
What it reported doing in 2020
Fiduciary responsibility: the foundation seeks out, protects, and manages the cumulative fund-raising assets that it has acquired over the years to be used to support programs that serve and benefit individuals dealing with blindness or vision impairment and their families. These funds, which primarily consist of reserves acquired through donations and planned gifts, are held in trust by the vision forward association foundation.assurance of continuing mission: projections are that the population of people with vision loss in southeastern Wisconsin will triple over the next 25 years. The foundation was set up to ensure adequate resources to sustain current programming that serves and benefits individuals dealing with blindness or vision impairment and their families and to support future efforts to expand programs to meet the increasing demand for services in southeastern Wisconsin.effective march 31, 2021, the foundation was merged with vision forward association, incorporated (the association) with the association being the surviving entity.
Operating model
- Revenue model
- Donor-supported. 90% of the money available for current operations came from contributions and gifts.
- Distribution model
- No current program activity. The filing reports no program spending for the current year.
The verdict
MIXED - 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: 1
- Transparency & Controls: 92
- Accountability: 79
- Sustainability: 53
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: 0%; rating input score 0
- Fundraising efficiency: $4.79 raised per $1 spent on fundraising; rating input score 12; 12th percentile among comparable filings
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: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 87.5%; rating input score 88; 20th percentile among comparable filings
- Governance controls: 6 of 9 controls in place; rating input score 67
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 82.6%; rating input score 98; 98th percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 0; 0th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 2.7%; rating input score 62; 62nd percentile among comparable filings
Growth
- Program expense growth: -12.6% per year; rating input score 0; 6th percentile among comparable filings
- Revenue growth: -0.6% per year; rating input score 0; 21st percentile among comparable filings
- Asset growth: -9.5% per year; rating input score 0; 4th percentile among comparable filings
Details
- Where the money goes: 0% of revenue deployed · 0% of spending went to programs
- Governance: 7 of 8 board members independent · 6 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $148K · 9 people listed
- Consistency: 21 of 21 current checks pass
- Schedules: 6 filed schedules · includes major donors
- Filing history: 10 filing years from 2010 to 2020
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: 1 filed related-organization link
- 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: Mission deployment rate scored 0/100.
- High — Financial Efficiency: Program expense ratio scored 0/100.
- High — Financial Efficiency: Fundraising efficiency scored 12/100.
- Review — Accountability: Governance controls: 3 of 9 not reported.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 0/100.
- High — Growth: Asset growth scored 0/100.