Whirlpool Collective Impact Fund

Nonprofit profile at a glance

EIN
461592577
IRS 990 coverage
2014–2020
Forms available
Form 990 2020
Location
Benton Harbor, MI, USA
Phone
2699235000
Rating
84
Verdict
STRONG
Rating confidence
Moderate
Sector
Fund Raising and Fund Distribution

Reported finances

Revenue
$1,612,530
Expenses
$1,570,398
Assets
$566,042
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2020. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • D JEFFREY NOEL (PRESIDENT & TRUSTEE)
  • DEBORAH O'CONNOR (VICE PRESIDENT & TRUSTEE)

People named in this filing

  • D JEFFREY NOEL (PRESIDENT & TRUSTEE)
  • DEBORAH O'CONNOR (VICE PRESIDENT & TRUSTEE)
  • CAREY MARTIN (TRUSTEE)

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

Source: IRS Form 990. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

We are helping to provide a healthy community in benton harbor where residents live in safe, affordable housing and are exposed to multiple avenues for education. Through this initiative we see improved overall quality of life and economic stability through greater employment opportunities and a growing tax base.

What it reported doing in 2020

Whirlpool community charity golf event - corporate and individual sponsors come together for two days to play golf, raising funds for the following non-profit organizations: boys & girls club of benton harbor, the first tee, and berrien community foundation (school activities fund). All recipient organizations support our mission with their work in education and health, both realizing long term effects in the economic stability of individuals served and our community. Charity auction - during the golf event described above, whirlpool collective impact fund organizes a live and silent auction. Corporations and individuals donate foods to be auctioned off during the event, and the proceeds go towards the organization's grant making activities.

Operating model

Revenue model
Donor-supported. 97% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 85
  • Transparency & Controls: 94
  • Accountability: 94
  • Sustainability: 40
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 88.9%; rating input score 89
  • Program expense ratio: 91.3%; rating input score 91
  • Fundraising efficiency: $15.16 raised per $1 spent on fundraising; rating input score 46; 46th 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: 99.8%; rating input score 100; 46th 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 7 controls in place; rating input score 86
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • 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: 2.6%; rating input score 33; 33rd percentile among comparable filings
  • Total-asset coverage ratio: 0.36; rating input score 13; 13th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 94; 94th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 83; 83rd percentile among comparable filings

Growth

  • Program expense growth: -7.2% per year; rating input score 0; 11th percentile among comparable filings
  • Revenue growth: -5% per year; rating input score 0; 9th percentile among comparable filings
  • Asset growth: 22.1% per year; rating input score 100; 83rd percentile among comparable filings

Details

  • Where the money goes: 88.9% of revenue deployed · 91.3% of spending went to programs
  • Governance: 4 of 4 board members independent · 6 of 7 filing controls reported
  • Programs: 2 filed program accomplishments · $1.4M in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 21 of 21 current checks pass
  • Schedules: 8 filed schedules · includes major donors and grants
  • Filing history: 7 filing years from 2014 to 2020
  • Contacts: How to reach this organization
  • Money network: 18 filed money-flow records
  • Related organizations: 20 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.

  • Moderate — Financial Efficiency: Fundraising efficiency scored 46/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 33/100.
  • High — Sustainability: Total-asset coverage ratio scored 13/100.
  • Review — Accountability: Governance controls: Whistleblower policy not reported.