Bands for Badges Inc

Nonprofit profile at a glance

EIN
832380311
IRS 990-EZ coverage
2019–2022
Forms available
Form 990-EZ 2022
Location
Waquoit, MA, USA
Phone
5085662544
Rating
89
Verdict
STRONG
Rating confidence
Moderate
Sector
Fund Raising and Fund Distribution

Reported finances

Revenue
$144,327
Expenses
$150,117
Assets
$41,082
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

11 people listed

Executive titles in this filing

  • TIMOTHY G SMITH (PRESIDENT)
  • KENT H CLARKSON III (VICE PRESIDENT)

People named in this filing

  • TIMOTHY G SMITH (PRESIDENT)
  • KENT H CLARKSON III (VICE PRESIDENT)
  • FRANCES A BASSETT (TREASURER)

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 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Fundraising for and promotion of charitable benefits for police officers, fire fighters, emergency medical technicians, emergency response personnel and/or any of their spouses, children or other family members.

What it reported doing in 2022

Christmas concert fundraising for and promotion of charitable benefits for police officers, fire fighters, emergency medical technicians, emergency response personnel and/or any of their spouses, children or other family members.

Operating model

Revenue model
Earned-program. 100% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 97% 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 - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 100
  • Transparency & Controls: 82
  • Sustainability: 31
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -4%; rating input score 25; 25th percentile among comparable filings
  • Total-asset coverage ratio: 0.27; rating input score 22; 22nd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 78; 78th percentile among comparable filings
  • Officer compensation ratio: 0.9%; rating input score 27; 27th percentile among comparable filings

Growth

  • Program expense growth: 42.7% per year; rating input score 100; 88th percentile among comparable filings
  • Revenue growth: 21.6% per year; rating input score 100; 83rd percentile among comparable filings
  • Asset growth: 2.6% per year; rating input score 100; 34th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 3 filed program accomplishments · $150K in reported program spending
  • Leadership: top reported pay $0 · 11 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 4 filing years from 2019 to 2022
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.

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 — Sustainability: Operating margin scored 25/100.
  • High — Sustainability: Total-asset coverage ratio scored 22/100.
  • High — Sustainability: Officer compensation ratio scored 27/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.