Wabasha Area Community Resource Center

Nonprofit profile at a glance

EIN
110906178
IRS 990-EZ coverage
2015–2023
Forms available
Form 990-EZ 2023
Location
Wabasha, MN, USA
Phone
6515650359
Rating
82
Verdict
STRONG
Rating confidence
Moderate
Sector
Emergency Assistance

Reported finances

Revenue
$113,016
Expenses
$78,359
Assets
$193,083
Liabilities
$43,747

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • JEANI WODELE (PRESIDENT)

People named in this filing

  • JEANI WODELE (PRESIDENT)
  • GREG GLOMSKI (DIRECTOR)
  • JIM NORDSTROM (DIRECTOR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Serve as a facility that accepts donations of gently used clothing and basic household items and provides these at low cost, thus offering a goods-recycling option for all community members, while utilizing any profit to supply, or provide information for acquiring, life's basic needs including clothing, food, shelter, socialization and a safe and healthy environment

What it reported doing in 2023

Contributions to individuals in need

Operating model

Revenue model
Other-operating. 83% of the money available for current operations came from other operating revenue.
Distribution model
Hybrid. The nonprofit split its reported program spending across 78% for direct work, and 22% for grants.

The verdict

STRONG - 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: 81
  • Transparency & Controls: 82
  • Sustainability: 67
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 69.3%; rating input score 69
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 30.7%; rating input score 84; 84th percentile among comparable filings
  • Total-asset coverage ratio: 2.46; rating input score 85; 85th percentile among comparable filings
  • Liabilities to assets ratio: 0.23; rating input score 18; 18th percentile among comparable filings
  • Officer compensation ratio: 43.4%; rating input score 6; 6th percentile among comparable filings

Growth

  • Program expense growth: 2.3% per year; rating input score 100; 39th percentile among comparable filings
  • Revenue growth: 6.5% per year; rating input score 100; 55th percentile among comparable filings
  • Asset growth: 16.4% per year; rating input score 100; 74th percentile among comparable filings

Details

  • Where the money goes: 69.3% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $78K in reported program spending
  • Leadership: top reported pay $0 · 8 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 8 filing years from 2015 to 2023
  • 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.

  • High — Sustainability: Officer compensation ratio scored 6/100.
  • High — Sustainability: Liabilities to assets ratio scored 18/100.