Down East Yacht Club
Nonprofit profile at a glance
- EIN
- 016027054
- IRS 990-EZ coverage
- 2019–2024
- Forms available
- Form 990-EZ 2024
- Location
- Boothbay Harbor, ME, USA
- Phone
- 2076331177
- Rating
- 66
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $78,518
- Expenses
- $67,121
- Assets
- $93,484
- Liabilities
- $954
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
14 people listed
People named in this filing
- Aaron Rugh (Past Commodore)
- Kristen King (Commodore)
- Robert Ewing (Vice Commodore)
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
To promote yachting in the Boothbay Harbor region of Maine by providing facilities, programs and good fellowship for its members.
What it reported doing in 2024
During the year, the club hosted social gatherings, outings cruises & yachting related events for its members to enjoy.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- 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. 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: 51
- Transparency & Controls: 82
- Sustainability: 58
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 47.9%; rating input score 48
- Program expense ratio: 56%; rating input score 56
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 14.5%; rating input score 67; 67th percentile among comparable filings
- Total-asset coverage ratio: 1.39; rating input score 55; 55th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 29; 29th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 7.5% per year; rating input score 100; 67th percentile among comparable filings
- Revenue growth: 7.7% per year; rating input score 100; 77th percentile among comparable filings
- Asset growth: 7.4% per year; rating input score 100; 65th percentile among comparable filings
Details
- Where the money goes: 47.9% of revenue deployed · 56% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $38K in reported program spending
- Leadership: top reported pay $0 · 14 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 1 filed schedules
- Filing history: 5 filing years from 2019 to 2024
- 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.
- Moderate — Financial Efficiency: Mission deployment rate scored 48/100.
- Review — Financial Efficiency: Program expense ratio scored 56/100.
- Review — Sustainability: Total-asset coverage ratio scored 55/100.
- High — Sustainability: Liabilities to assets ratio scored 29/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.