Engstrom Services Inc
- Assets
- $6.3m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 47
- Location
- Chattanooga, TN
- Founding
- 07/1992
- Data as of
- 06/2024
- EIN
- 62-1499350
Organization Overview
Engstrom Services Inc is located in Chattanooga, TN. The organization was established in 1992. According to its NTEE Classification (P82) the organization is classified as: Developmentally Disabled Centers, under the broad grouping of Human Services and related organizations. As of 06/2024, Engstrom Services Inc employed 47 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Engstrom Services Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2024, Engstrom Services Inc generated $2.4m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $2.7m during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (0.2%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION EVALUATES, ASSESSES, AND MAKES RECOMMENDATIONS FOR TREATMENT OF INDIVIDUALS WITH INTELLECTUAL OR PHYSICAL DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EVALUATION, ASSESSMENT, AND RECOMMENDATION OF INDIVIDUALS ENROLLED IN THE STATE MEDICAID WAIVER PROGRAM TO DETERMINE THE BEST APPROACH TO THEIR CARE. WE SERVE 920 CLIENTS PER MONTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jean Dake President | OfficerTrustee | 2 | $0 |
Lindsey Lind Treasurer | OfficerTrustee | 2 | $0 |
Beverly Witt Secretary | OfficerTrustee | 2 | $0 |
Dillard Edgemon Board Member | Trustee | 2 | $0 |
Bill Neal Board Member | Trustee | 2 | $0 |
Trudy Engel Vice President | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,194,310 |
| Investment income | $202,088 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$13,017 |
| Net Gain/Loss on Asset Sales | $30,016 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,413,562 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $153,860 |
| Compensation of current officers, directors, key employees. | $24,618 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,576,276 |
| Pension plan accruals and contributions | $102,422 |
| Other employee benefits | $290,400 |
| Payroll taxes | $126,821 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $44,942 |
| Advertising and promotion | $0 |
| Office expenses | $56,719 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $169,917 |
| Travel | $42,193 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,478 |
| Insurance | $47,903 |
| All other expenses | $0 |
| Total functional expenses | $2,688,019 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,556,123 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $398,358 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $11,210 |
| Net Land, buildings, and equipment | $183,763 |
| Investments—publicly traded securities | $2,685,788 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $418,334 |
| Total assets | $6,253,576 |
| Accounts payable and accrued expenses | $68,133 |
| Grants payable | $0 |
| Deferred revenue | $477 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $418,180 |
| Total liabilities | $486,790 |
| Net assets without donor restrictions | $5,766,786 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,253,576 |