Wish for Wheels Inc
Nonprofit profile at a glance
- EIN
- 593803048
- IRS 990 coverage
- 2014–2024
- Forms available
- Form 990 2024, Form 990-EZ 2013, Form 990-N 2011
- Location
- Denver, CO, USA
- Phone
- 3038833101
- Rating
- 74
- Verdict
- SUPPORTED
- Rating confidence
- Standard
- Sector
- Gift Distribution
Reported finances
- Revenue
- $2,014,942
- Expenses
- $1,840,374
- Assets
- $1,663,615
- Liabilities
- $352,813
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
18 people listed
Executive titles in this filing
- GREG GREENWOOD (CEO/EXECUTIVE DIRECTOR)
Highest reported compensation
- LORALEE BRIGGS DAVIS (MANAGING DIRECTOR AS OF 7/2024): $150,357 total reported compensation
- BRADLEY APPEL (FOUNDER): $128,591 total reported compensation
- GREG GREENWOOD (CEO/EXECUTIVE DIRECTOR): $123,942 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Wish for wheels is a Colorado based non-profit that gives away bicycles to children residing in low income areas. Wish for wheels donates these bikes through elementary schools chosen based on median income for that particular school.
What it reported doing in 2024
Wish for wheels exists to empower children, families, and communities with the gift of a new bike and helmet. Our communities are strengthened as volunteers come together to serve the children and families in their community. Through the gift of a new bicycle and helmet, we transform the lives of 2nd graders in economically disadvantaged communities, broadening their scope for personal growth and a healthy lifestyle while building their confidence as they master a new skill. Since its inception in 2004, wish for wheels has gifted over 100,000 bikes and connected over 550 companies and organizations and their volunteers to over 400 elementary schools. Our goal is to give a new bike and helmet to every title 1 second grader in the us.
Operating model
- Revenue model
- Donor-supported. 98% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 61% of its reported program spending out as grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 69
- Transparency & Controls: 79
- Accountability: 79
- Sustainability: 44
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 64.2%; rating input score 64
- Program expense ratio: 70.1%; rating input score 70
- Fundraising efficiency: $170.47 raised per $1 spent on fundraising; rating input score 91; 91st percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 88.2%; rating input score 88; 19th 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: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 8.7%; rating input score 60; 60th percentile among comparable filings
- Total-asset coverage ratio: 0.9; rating input score 34; 34th percentile among comparable filings
- Liabilities to assets ratio: 0.21; rating input score 43; 43rd percentile among comparable filings
- Officer compensation ratio: 21.9%; rating input score 10; 10th percentile among comparable filings
Growth
- Program expense growth: 15.7% per year; rating input score 100; 79th percentile among comparable filings
- Revenue growth: 18.5% per year; rating input score 100; 87th percentile among comparable filings
- Asset growth: 24% per year; rating input score 100; 89th percentile among comparable filings
Details
- Where the money goes: 64.2% of revenue deployed · 70.1% of spending went to programs
- Governance: 15 of 17 board members independent · 6 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $1.3M in reported program spending
- Leadership: top reported pay $150K · 18 people listed · 1 of 6 pay-setting controls reported
- Consistency: 29 of 29 current checks pass
- Schedules: 6 filed schedules · includes major donors, grants, and executive pay
- Filing history: 11 filing years from 2014 to 2024
- Contacts: How to reach this organization
- Money network: 4 filed money-flow records
- 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.
- Review — Accountability: Governance controls: 2 of 8 not reported.
- Moderate — Sustainability: Total-asset coverage ratio scored 34/100.
- High — Sustainability: Officer compensation ratio scored 10/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 43/100.