East Cooper Outboard Motor Club

Nonprofit profile at a glance

EIN
570780854
IRS 990 coverage
2019–2022
Forms available
Form 990 2022
Location
Mt Pleasant, SC, USA
Phone
8433439415
Rating
54
Verdict
MIXED
Rating confidence
Moderate

Reported finances

Revenue
$156,092
Expenses
$135,419
Assets
$440,351
Liabilities
$51,510

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

Leadership & pay

11 people listed

People named in this filing

  • Randy Howe (Commodore)
  • Dave Kaufmann (Vice Commodore)
  • Norm Engard (Past 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. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To serve the interests of boat owners to promote the safe use and conservation of our of our natural resources to own and operate a private boat landing and related property to provide a means of raising funds for scholarships for needy students and to provide means of raising funds for charitable organizations as defined by IRS Code Section 501c3.

What it reported doing in 2022

Meeting and social expenses to serve the interests of boat owners and promote the safe use of boating and conservation of our natural resources. The East Cooper Outboard Motor Club has monthly meetings where we meet with the local Charities that we donate money to. This gives the local charities a forum to discuss what there organization will do with the proceeds to discuss upcoming projects and generally keep the members informed. These meeting are critical in making sure our donations are used wisely. The meeting also allows for marine biologists and conservationists the opportunity to meet with over 100 boat owners and fisherman at each meeting.

Operating model

Revenue model
Other-operating. 68% of the money available for current operations came from other operating revenue.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

MIXED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of voting board members are independent and a relatively small share of available resources goes toward mission work.

Rating breakdown

  • Financial Efficiency: 51
  • Transparency & Controls: 83
  • Accountability: 12
  • Sustainability: 63
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 54.5%; rating input score 54
  • Program expense ratio: 62.8%; rating input score 63
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 92.3%; rating input score 92; 21st 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: 0%; rating input score 0; 7th percentile among comparable filings
  • Governance controls: 2 of 7 controls in place; rating input score 29
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 13.2%; rating input score 66; 66th percentile among comparable filings
  • Total-asset coverage ratio: 3.25; rating input score 70; 70th percentile among comparable filings
  • Liabilities to assets ratio: 0.12; rating input score 27; 27th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 70; 70th percentile among comparable filings

Growth

  • Program expense growth: -2.5% per year; rating input score 0; 27th percentile among comparable filings
  • Revenue growth: 15.2% per year; rating input score 100; 82nd percentile among comparable filings
  • Asset growth: 2.7% per year; rating input score 100; 38th percentile among comparable filings

Details

  • Where the money goes: 54.5% of revenue deployed · 62.8% of spending went to programs
  • Governance: 0 of 200 board members independent · 2 of 7 filing controls reported
  • Programs: 3 filed program accomplishments · $85K in reported program spending
  • Leadership: top reported pay $0 · 11 people listed
  • Consistency: 41 of 43 current checks pass · 2 findings to review
  • Schedules: 3 filed schedules
  • Filing history: 4 filing years from 2019 to 2022
  • 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 — Accountability: Independent voting board scored 0/100.
  • Review — Financial Efficiency: Mission deployment rate scored 54/100.
  • High — Accountability: Governance controls: 4 of 6 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
  • Moderate — Transparency & Controls: Part IX AllOtherExpenses column sum did not reconcile in the filed values.
  • High — Sustainability: Liabilities to assets ratio scored 27/100.