Overview
What is Matco Industries Inc?
Matco Industries Inc, operating under the name Matco Services, is a nonprofit organization situated in London, Ohio. With a team of 202 dedicated individuals, their mission is to offer comprehensive vocational, non-vocational, and habilitative services to adults with disabilities and other individuals in need. Based at 204 Maple Street, they provide a diverse range of personalized support, aiming to enhance the lives of those they serve.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Star rating)
Matco Industries Inc has received a Three-Star rating from Charity Navigator, primarily based on its strong accountability and finance practices. The organization scored well in various categories, including having a fully independent board and no material diversion of assets, indicating a solid governance structure and financial integrity.
Strengths of Matco Industries include a high percentage of independent board members and a well-defined conflict of interest and whistleblower policy. The organization also demonstrates a favorable liabilities to assets ratio, which reflects its financial stability. With a program expense ratio of nearly 68%, the nonprofit appears to allocate a significant portion of its resources directly to its programs.
However, while the overall rating is positive, there are areas where improvements could be made. The program expense ratio, while respectable, suggests there may be room for increasing direct program spending. Continued efforts in this area could enhance the organization’s impact and further strengthen its financial standing.
This AI summary has been generated from information found on Charity Navigator.
Is Matco Industries Inc legitimate?
Matco Industries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Matco Industries Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $105,205
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Matco Industries Inc?
Matco Industries Inc is committed to providing comprehensive vocational, non-vocational, and habilitative services to adults with disabilities and other individuals with high needs. Their mission is to offer a wide variety of personalized services, aiming to empower these individuals to lead fulfilling lives. By providing these services, Matco Industries Inc seeks to enhance their clients' skills and abilities, enabling them to contribute positively to their communities. The organization's activities are geared towards fostering independence and self-sufficiency among its clients, enabling them to lead meaningful and fulfilling lives.
Who is the CEO of Matco Industries Inc?
Van A Viney is the Ceo of Matco Industries Inc. The CEO's salary of Matco Industries Inc is $105,205 and their total compensation is $105,205.
What is the revenue of Matco Industries Inc?
Matco Industries Inc's revenue in 2022 was $641,380.
Who are the executives of Matco Industries Inc and what are their salaries?
The average compensation at Matco Industries Inc during 2022 was $521. There are 202 employees at Matco Industries Inc.
Here are 7 key members and their salaries (Matco Industries Inc's CEO's salary is $105,205 and their total compensation is $105,205):
- Compensation: $105,205
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Matco Industries Inc?
Matco Industries Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Matco Industries Inc
Matco Industries Inc, a renowned organization, is committed to providing comprehensive vocational, non-vocational, and habilitative services to adults with disabilities and other high-need individuals. Their mission is to cater to the diverse needs of these individuals, offering personalized services that aim to enhance their abilities and improve their quality of life. By providing these services, Matco Industries Inc seeks to empower adults with disabilities and help them integrate more fully into society. The organization's approach is holistic, encompassing various aspects of an individual's life, from vocational training to non-vocational support, and habilitative services tailored to their unique needs. Through its wide range of offerings, Matco Industries Inc strives to equip its clients with the necessary tools and skills to lead independent and fulfilling lives.
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Impact
July, 2024
Matco Industries Inc's impact lies in providing comprehensive vocational, non-vocational, and habilitative services to adults with disabilities and other high-need individuals. By offering a wide variety of personalized services, Matco Industries Inc plays a significant role in supporting individuals with disabilities to enhance their skills, access employment opportunities, and improve their overall quality of life. Through its mission to provide these vital services, Matco Industries Inc contributes to creating a more inclusive and supportive community for individuals facing various challenges and empowers them to lead more independent and fulfilling lives.
This information is meant to be a general summary of Matco Industries Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $11
- Gross Receipts: $1,365,183
Assets and Liabilities:
- Total Assets: $1,356,322
- Total Liabilities: $406,513
- Net Assets: $949,809
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Organization Details
Founding Year
1975
Phone
(740) 852-7054Principal Officer
Van A Viney
Main Address
204 MAPLE STREET, LONDON, OH, 43140
NTEE Category
Code: J22Z - Employment
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