First Settlers Region Porsche Club of America Inc
Nonprofit profile at a glance
- EIN
- 541661341
- IRS 990 coverage
- 2023–2025
- Forms available
- Form 990 2025, Form 990-EZ 2022
- Location
- Virginia Beach, VA, USA
- Phone
- 7576792626
- Rating
- 79
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Safety Education
Reported finances
- Revenue
- $299,270
- Expenses
- $302,430
- Assets
- $138,355
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- RICH CAO (PRESIDENT)
People named in this filing
- RICH CAO (PRESIDENT)
- JOSIE GRANDFIELD (VICE PRESIDE)
- MANUEL CALO VAZQUEZ (VICE PRESIDE)
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 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
1. Promote safe and courteous driving: uphold the highest standards of safety and respect on the road at all times. 2. Enjoy and share fellowship: embrace the camaraderie and goodwill that comes with porsche ownership and participate in social events that bring members together. 3. Maintain high operational standards: strive for optimal performance and quality of porsche vehicles by actively sharing technical and mechanical knowledge among members. 4. Build strong relationships: cultivate mutually beneficial partnerships with porsche, dealerships, and related services, while supporting the porsche brands leading position in the sports car industry. 5. Encourage global exchange of ideas: promote the sharing of ideas and suggestions with other porsche clubs worldwide. 6. Foster cooperation with other clubs: build collaborative relationships with other sports car clubs for mutual benefit.
What it reported doing in 2025
The first settlers region porsche club demonstrated a strong commitment to community service by actively supporting charitable organizations. Our efforts included volunteering our time and coordinating generous donations from our members to sponsor local programs. Additionally, we contributed to the foodbank of southeastern Virginia and habitat for humanity, helping to improve the lives of those in need in our community.
Operating model
- Revenue model
- Earned-program. 91% 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 - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and some filed totals do not add up.
Rating breakdown
- Financial Efficiency: 89
- Transparency & Controls: 79
- Accountability: 64
- Sustainability: 39
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 99.8%; rating input score 100
- Program expense ratio: 98.8%; rating input score 99
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 87.5%; rating input score 88; 4th 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: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 1 of 7 controls in place; rating input score 14
- 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: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -1.1%; rating input score 33; 33rd percentile among comparable filings
- Total-asset coverage ratio: 0.46; rating input score 23; 23rd percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 77; 77th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 67; 67th percentile among comparable filings
Growth
- Program expense growth: 19.1% per year; rating input score 100; 82nd percentile among comparable filings
- Revenue growth: 5.6% per year; rating input score 100; 51st percentile among comparable filings
- Asset growth: 9.9% per year; rating input score 100; 62nd percentile among comparable filings
Details
- Where the money goes: 99.8% of revenue deployed · 98.8% of spending went to programs
- Governance: 810 of 5 board members independent · 1 of 7 filing controls reported
- Programs: 4 filed program accomplishments · $299K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 15 of 16 current checks pass · 1 finding to review
- Schedules: 1 filed schedules
- Filing history: 3 filing years from 2023 to 2025
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: Filed and resolved organization relationships.
- 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: Governance controls: 5 of 6 not reported.
- Moderate — Transparency & Controls: Independent members within voting members did not reconcile in the filed values.
- Moderate — Sustainability: Operating margin scored 33/100.
- High — Sustainability: Total-asset coverage ratio scored 23/100.