Yerwood Center Inc

Nonprofit profile at a glance

EIN
060646958
IRS 990 coverage
2010–2012
Forms available
Form 990 2012
Location
Stamford, CT, USA
Phone
2033272790
Rating confidence
Limited
Sector
Community Recreational Centers

Official website

Reported finances

Revenue
$801,109
Expenses
$1,103,266
Assets
$2,142,277
Liabilities
$629,997

Source: IRS Form 990. Selected filing: tax year 2012. Amounts in USD.

Leadership & pay

11 people listed

Source: IRS Form 990. Selected filing: tax year 2012. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Yerwood center provides facilities for activities and programs designed to motivate, install pride & provide guidance to disadvantaged children in stamford.

What it reported doing in 2012

Community programs-teen center (cit, i-xcel, alta) (13-19yrs): the program served over 450 teens throughout the greater stamford community, (stamford, greenwich, norwalk and bridgeport) providing career planning; employment & training; health & wellness; and youth development activities, including academic enrichment, sports leagues and swimming, and saturday sat preparation. Yerwood provided career & workforce development training to stamford public school district's arts alternative program, west hill and stamford high schools; the town of greenwich department of social services and greenwich high school. Yerwood center is contracted by the city of stamford's community development office, town of greenwich community development block grant office and the workplace, inc. (bridgeport) workforce development board to provide career exploration training to high school teens. Licensed by the city of stamford and ct department of health; member of the ct state afterschool network and the association of nonprofits. Vita (tax program) IRS evaluation-98% return rate-$500,000 eitc 2005-2012

Operating model

Revenue model
Donor-supported. 74% of the money available for current operations came from contributions and gifts.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 92
  • Accountability: 90
  • Sustainability: 31
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 60th 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: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -37.7%; rating input score 4; 4th percentile among comparable filings
  • Total-asset coverage ratio: 1.94; rating input score 65; 65th percentile among comparable filings
  • Liabilities to assets ratio: 0.29; rating input score 34; 34th percentile among comparable filings
  • Officer compensation ratio: 6.9%; rating input score 49; 49th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: -0.9% per year; rating input score 0; 34th percentile among comparable filings
  • Asset growth: -6.4% per year; rating input score 0; 18th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 12 of 12 board members independent · 6 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $768K in reported program spending
  • Leadership: top reported pay $77K · 11 people listed
  • Consistency: 24 of 24 current checks pass
  • Schedules: 7 filed schedules · includes major donors
  • Filing history: 2 filing years from 2010 to 2012
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 4/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • Moderate — Sustainability: Liabilities to assets ratio scored 34/100.
  • Moderate — Sustainability: Officer compensation ratio scored 49/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.