Cataract Yacht Club Inc
Nonprofit profile at a glance
- EIN
- 351046879
- IRS 990-EZ coverage
- 2010–2023
- Forms available
- Form 990-EZ 2023
- Location
- Cloverdale, IN, USA
- Rating
- 40
- Verdict
- MIXED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $129,654
- Expenses
- $63,183
- Assets
- $231,277
- Liabilities
- $231,277
Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.
Leadership & pay
3 people listed
People named in this filing
- DEEANNA DUNCAN (TREASURER)
- SCOTT RENNER (COMMODORE)
- DIANA WININGS (SECRETARY)
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 2023. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Water awareness and boating safety
What it reported doing in 2023
Commodores ball and bean dinner community water awareness and boating safety
Operating model
- Revenue model
- Membership-supported. 89% of the money available for current operations came from membership dues.
- 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
MIXED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 1
- Transparency & Controls: 82
- Sustainability: 79
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 1.3%; rating input score 1
- Program expense ratio: 0.4%; rating input score 0
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 51.3%; rating input score 93; 93rd percentile among comparable filings
- Total-asset coverage ratio: 3.66; rating input score 93; 93rd percentile among comparable filings
- Liabilities to assets ratio: 1; rating input score 5; 5th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: -140.6% per year; rating input score 0; 1st percentile among comparable filings
- Revenue growth: 2.1% per year; rating input score 100; 34th percentile among comparable filings
- Asset growth: 5.2% per year; rating input score 100; 45th percentile among comparable filings
Details
- Where the money goes: 1.3% of revenue deployed · 0.4% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $250 in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 6 of 7 current checks pass · 1 finding to review
- Schedules: 1 filed schedules
- Filing history: 10 filing years from 2010 to 2023
- Contacts: How to reach this organization
- 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.
- High — Financial Efficiency: Mission deployment rate scored 1/100.
- High — Financial Efficiency: Program expense ratio scored 0/100.
- Moderate — Transparency & Controls: Part I part ii net assets crosscheck did not reconcile in the filed values.
- High — Growth: Program expense growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 5/100.