Higher Power Garage EIN 85-0605889

Higher Power Garage

EIN  85-0605889 Public charity (501(c)(3)) Joplin, MO
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Size
$100K–1M
What they do
Provides affordable and safe transportation assistance to people in need.
Leadership
Teresa Potts · Secretary · $18K
Money in and out
$564K revenue, $531K expenses
Bottom line
95% program efficiency

Provides affordable and safe transportation assistance to people in need. For fiscal year 2025 it reported $564K in revenue, $531K in expenses, and $242K in net assets.Pt I

Where the money goes · FY2025
Total revenue
$564K
Pt VIII · Ln 12
Total expenses
$531K
Pt IX · Ln 25
Net assets
$242K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $34K
Where spending went · Part IX cols B–D
Program services $0.95 Management & general $0.05 Fundraising $0.00
Program efficiency
95%
of spending reaches programs0% vs prior filing year
Operating runway
4.7mo
months of highly liquid reserves at operating expense rate▼ -18% vs prior filing year
Surplus margin
+6%
revenue over expenses, this year▼ -66% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$564K
FY2025▲ +37%
Expenses
$531K
FY2025▲ +56%
Total assets
$571K
FY2025▲ +174%
Total liabilities
$329K
FY2025
Total revenue
$564K
Pt VIII · Ln 12
Total expenses
$531K
Pt IX · Ln 25
Net assets
$242K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$34K
Total assetsPt X · Ln 16$571K
Program-expense ratioPt IX · col B95%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

1 program service account for $336K of program spending, described in the organization's own filed words · FY2025.
01

To help those in need to retain reliable and safe transportation at a low and affordable cost.

$336Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CHigher Power Garage
EINHdr · item D85-0605889
Principal addressHdr · item CJoplin, MO
WebsiteHdr · item Jhigherpowergarage.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMO
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFPublic Safety & Disaster (M42)
Ruling yearIRS BMFJun 2020

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Secretary
$17,701Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Teresa Potts’s $18K as Secretary is at the 49th percentile of top reported officer pay among 829 $100K–1M public safety & disaster nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2022
Teresa Potts$17,701$8,493
Sheryl Haney$2,810

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$431K · 76%
Program service revenue$128K · 23%
Investment income$5K · 1%
Contributions & grants76%$431K
Program service revenue23%$128K
Investment income1%$5K
— government grantsLn 1e$276K
Total revenueLn 12$564K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.95 Management & general $0.05 Fundraising $0.00
Program services95%$505K
Management & general5%$25K
Fundraising$964
Total functional expensesLn 25$531K

Balance Sheet

Part X · end of year
CashLn 1$145K
Total assetsLn 16$571K
Total liabilitiesLn 26$329K
Total net assetsLn 32$242K
Months of cash on handcomputed3.3

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $145K · Operating expenses (Pt IX) $531K · Less non-cash grants $158K · Cash operating expenses/yr $372K
4.7 months
Where the money goes
Program services
Program services $505K · Total expenses $531K
95%
Management & General
Management & general $25K · Total expenses $531K
5%
Fundraising
Fundraising $964 · Total expenses $531K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $1K · Solicited contributions (3-yr avg) $109K
$0.01 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $431K · Total revenue $564K
76%
Government reliance
Government grants $276K · Total revenue $564K
49%
Earned-income share
Program service revenue $128K · Total revenue $564K
23%
Investment reliance
Investment income $5K · Total revenue $564K
+1%
Program self-sufficiency
Program service revenue $128K · Total expenses $531K
24%
Growth & trend
Revenue growth (YoY)
This year $564K · Prior year $411K
+37%
Revenue CAGR
FY2020 $46K · FY2025 $564K
+65%
Net-asset trend (YoY)
End of year $242K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $564K · Expenses $531K
+6%
Liabilities-to-Assets
Total liabilities — · Total assets $571K
Net-asset ratio
Net assets $242K · Total assets $571K
42%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $571K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Teresa Potts · Reported title SECRETARY · Highest reported compensation $18K · Total expenses $531K
3%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $163K · Total expenses $531K
31%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 95%
Overhead ratio 5%
Fundraising cost ratio 0%
Revenue growth 37%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 4 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$564K revenue · viewing · ⤓ 990 PDF
FY2024$411K revenue · ⤓ 990 PDF
FY2023$250K revenue · ⤓ 990 PDF
FY2022$225K revenue · ⤓ 990 PDF
FY2021$99K revenue · ⤓ 990 PDF
FY2020$46K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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