Whole Life Inc

Nonprofit profile at a glance

EIN
061204033
IRS 990 coverage
2009–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
New London, CT, USA
Phone
8608866900
Rating
74
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Developmentally Disabled Centers

Reported finances

Revenue
$30,767,153
Expenses
$31,058,052
Assets
$13,694,644
Liabilities
$12,393,740

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

13 people listed

Executive titles in this filing

  • EDDIE THEIRL JARMAN (PRESIDENT)
  • ERICH AUDRETSCH (OUTGOING PRESIDENT 3/25)
  • JULIE SMITH (VICE PRESIDENT)
  • SHEILA CORDOCK (EXECUTIVE DIRECTOR)

Highest reported compensation

  • EDDIE THEIRL JARMAN (PRESIDENT): $490,340 total reported compensation
  • ERICH AUDRETSCH (OUTGOING PRESIDENT 3/25): $340,752 total reported compensation
  • SHEILA CORDOCK (EXECUTIVE DIRECTOR): $243,268 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Whole life, inc. Provides community support to individuals with disabilities in an environment that fosters empowerment, choice, responsibiilty and control.

What it reported doing in 2024

Community living arrangements (cla) are licensed homes that provide support to approximately 115 individuals. We offer 30 cla homes that include services designed to address an individual's medical, psychiatric and behavioral challenges. Each person who lives in a cla is a part of an interdisciplinary team that meets regularly to identify and discuss how to meet all of the participants' wishes, goals and challenges continuous residential services (crs) are homes a community-based, shared living arrangement for individuals with intellectual or developmental disabilitiesa community-based, shared living arrangement for individuals with intellectual or developmental disabilities, typically housing three or fewer residents in a house or apartment. These homes offer 24-hour personalized staff support to assist with daily living, medical needs, skill-building, and community inclusion, fostering independence in a nurturing home environment we offer 1 crs home for 2 individuals. In home support (ihs) are professional support services that we provide to individuals in a person's home. We are currently supporting 17 individuals.

Operating model

Revenue model
Earned-program. 100% of the money available for current operations came from fees and other program revenue.
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. A relatively small share of voting board members are independent and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 79
  • Transparency & Controls: 76
  • Accountability: 65
  • Sustainability: 24
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 89.1%; rating input score 89
  • Program expense ratio: 88.2%; rating input score 88
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 92.9%; rating input score 93; 10th percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 40%; rating input score 40; 7th 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: -0.9%; rating input score 27; 27th percentile among comparable filings
  • Total-asset coverage ratio: 0.44; rating input score 13; 13th percentile among comparable filings
  • Liabilities to assets ratio: 0.91; rating input score 10; 10th percentile among comparable filings
  • Officer compensation ratio: 4.3%; rating input score 57; 57th percentile among comparable filings

Growth

  • Program expense growth: 9% per year; rating input score 100; 66th percentile among comparable filings
  • Revenue growth: 7.2% per year; rating input score 100; 61st percentile among comparable filings
  • Asset growth: 5.4% per year; rating input score 100; 38th percentile among comparable filings

Details

  • Where the money goes: 89.1% of revenue deployed · 88.2% of spending went to programs
  • Governance: 2 of 5 board members independent · 9 of 9 filing controls reported
  • Programs: 2 filed program accomplishments · $27.4M in reported program spending
  • Leadership: top reported pay $490K · 13 people listed · 3 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $2.6M reported
  • Consistency: 30 of 31 current checks pass · 1 finding to review
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 8 filed money-flow records
  • Related organizations: 5 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 — Accountability: Independent voting board scored 40/100.
  • High — Sustainability: Operating margin scored 27/100.
  • High — Sustainability: Total-asset coverage ratio scored 13/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • High — Sustainability: Liabilities to assets ratio scored 10/100.
  • Review — Sustainability: Officer compensation ratio scored 57/100.