Detroit Regional Yacht-racing Association
Nonprofit profile at a glance
- EIN
- 237420779
- IRS 990-EZ coverage
- 2020–2024
- Forms available
- Form 990-EZ 2024
- Location
- St Clair Shores, MI, USA
- Phone
- 5867781000
- Rating
- 56
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Swimming & Other Water Recreation
Reported finances
- Revenue
- $86,923
- Expenses
- $88,434
- Assets
- $78,893
- Liabilities
- $9,978
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
35 people listed
People named in this filing
- Tim Prophit (Director)
- Thomas Fraser (Director)
- Jeffrey Henderson (Director)
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
Support of international sailing competition with a focus upon US and Canada.
What it reported doing in 2024
Support and management of a 13 race series open to competition between American and Canadian sailors
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- 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 program spending has grown recently. 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: 35
- Transparency & Controls: 82
- Sustainability: 34
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 36.2%; rating input score 36
- Program expense ratio: 34.1%; rating input score 34
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -1.7%; rating input score 41; 41st percentile among comparable filings
- Total-asset coverage ratio: 0.89; rating input score 43; 43rd percentile among comparable filings
- Liabilities to assets ratio: 0.13; rating input score 16; 16th percentile among comparable filings
- Officer compensation ratio: 58.3%; rating input score 2; 2nd percentile among comparable filings
Growth
- Program expense growth: 10.1% per year; rating input score 100; 72nd percentile among comparable filings
- Revenue growth: 5% per year; rating input score 100; 71st percentile among comparable filings
- Asset growth: -1.8% per year; rating input score 0; 32nd percentile among comparable filings
Details
- Where the money goes: 36.2% of revenue deployed · 34.1% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $30K in reported program spending
- Leadership: top reported pay $0 · 35 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 2 filed schedules
- Filing history: 4 filing years from 2020 to 2024
- 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.
- Moderate — Financial Efficiency: Mission deployment rate scored 36/100.
- Moderate — Financial Efficiency: Program expense ratio scored 34/100.
- Moderate — Sustainability: Operating margin scored 41/100.
- High — Growth: Asset growth scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 43/100.
- High — Sustainability: Officer compensation ratio scored 2/100.
- High — Sustainability: Liabilities to assets ratio scored 16/100.