Club Steel Inc
Nonprofit profile at a glance
- EIN
- 800754791
- IRS 990 coverage
- 2015–2024
- Forms available
- Form 990 2024, Form 990-EZ 2014, Form 990-N 2012
- Location
- Land O Lakes, FL, USA
- Phone
- 7272070039
- Rating
- 69
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Youth Development Programs
Reported finances
- Revenue
- $546,772
- Expenses
- $511,615
- Assets
- $414,484
- Liabilities
- $14,228
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- Cynthia Steel (Director President)
Highest reported compensation
- Cynthia Steel (Director President): $128,815 total reported compensation
- Jenny Knodt (Director Treasurer): $10,366 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Our purpose is to provide youth with a structured team oriented experience that focuses on positive youth character development through the development of the athletic skills, teaching good moral character and sustainable leadership expertise. Young athletes are honed in their abilities to successfully function as part of a group dynamic, yet taught to operate independently to make positive choices which leads to productive adult citizens in society Sports and especially team sports impacts character development and aids youth in raising self esteem, helps in the application of effective communication skills, teaches development of conflict resolution, and provides the wisdom necessary to work effectively with others by utilizing their individual abilities as part of a team. Club sports allow for a solid structure which is already in place with national and local organizations that have established team competitions for each season.
What it reported doing in 2024
We had over 425 students participate during the year. This past season we sponsored four economically disadvantaged students who were fully scholar shipped and 7 others paid 50 percent of costs. Program fees for all participants are substantially reduced in comparison to other VB clubs in order to benefit economically disadvantaged students, thus giving them an opportunity to participate.
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 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
SUPPORTED - The filed numbers largely add up and program spending has grown recently. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 58
- Transparency & Controls: 90
- Accountability: 57
- Sustainability: 44
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 62.9%; rating input score 63
- Program expense ratio: 68.1%; rating input score 68
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 66.7%; rating input score 67; 14th percentile among comparable filings
- Governance controls: 4 of 9 controls in place; rating input score 44
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 6.4%; rating input score 54; 54th percentile among comparable filings
- Total-asset coverage ratio: 0.81; rating input score 36; 36th percentile among comparable filings
- Liabilities to assets ratio: 0.03; rating input score 57; 57th percentile among comparable filings
- Officer compensation ratio: 27.2%; rating input score 8; 8th percentile among comparable filings
Growth
- Program expense growth: 6.6% per year; rating input score 100; 50th percentile among comparable filings
- Revenue growth: 9.5% per year; rating input score 100; 65th percentile among comparable filings
- Asset growth: 13.6% per year; rating input score 100; 69th percentile among comparable filings
Details
- Where the money goes: 62.9% of revenue deployed · 68.1% of spending went to programs
- Governance: 2 of 3 board members independent · 4 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $348K in reported program spending
- Leadership: top reported pay $129K · 3 people listed
- Consistency: 42 of 42 current checks pass
- Schedules: 3 filed schedules
- Filing history: 9 filing years from 2015 to 2024
- Contacts: How to reach this organization
- Money network: 4 filed money-flow records
- 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 — Accountability: Governance controls: 4 of 8 not reported.
- Review — Sustainability: Operating margin scored 54/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 36/100.
- High — Sustainability: Officer compensation ratio scored 8/100.
- Review — Sustainability: Liabilities to assets ratio scored 57/100.