Adapt Non-profit Inc
Nonprofit profile at a glance
- EIN
- 853043187
- IRS 990-EZ coverage
- 2024–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2023
- Location
- North Miami, FL, USA
- Phone
- 7865544646
- Rating
- 80
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Physical Fitness and Community Recreational Facilities
Reported finances
- Revenue
- $92,344
- Expenses
- $75,552
- Assets
- $46,220
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- SCOTT GRONDIN (PRESIDENT)
People named in this filing
- SCOTT GRONDIN (PRESIDENT)
- JORGE SANCHEZ (VICE PRESIDE)
- RICHARD LAMONDIN (DEVELOPMENT)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The adapt foundation is on a mission to empower north miami youth- one young person at a time. From free youth fitness programs and sports scholarships to community events that promote wellness and unity, we're creating safe, supportive spaces where everyone can move, grow, and thrive.
What it reported doing in 2024
Provides free community-based fitness classes and wellness activities designed to promote health, inclusion, and engagement among local residents. The program operates year-round and continues to strengthen community relationships through regular participation and partnerships with local organizations.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Total assets are small relative to annual expenses; liquid coverage is unknown and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 75
- Transparency & Controls: 100
- Sustainability: 50
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 68.5%; rating input score 69
- Program expense ratio: 83.8%; rating input score 84
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 18.2%; rating input score 71; 71st percentile among comparable filings
- Total-asset coverage ratio: 0.61; rating input score 34; 34th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 68.5% of revenue deployed · 83.8% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $63K in reported program spending
- Leadership: top reported pay $0 · 8 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 3 filed schedules
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: Filed and resolved organization relationships.
- 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.
- Moderate — Sustainability: Total-asset coverage ratio scored 34/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.