Fleet Fund Inc
Nonprofit profile at a glance
- EIN
- 851262649
- IRS 990-EZ coverage
- 2020–2024
- Forms available
- Form 990-EZ 2024
- Location
- Wellfleet, MA, USA
- Phone
- 5082376539
- Rating
- 47
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Human Services N.E.C.
Reported finances
- Revenue
- $161,962
- Expenses
- $114,082
- Assets
- $232,359
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- PAULA JEAN ERICKSON (PRESIDENT)
- DANIEL SILVERMAN (VICE PRESIDENT)
People named in this filing
- PAULA JEAN ERICKSON (PRESIDENT)
- ROSA BUTTRICK (TREASURER)
- ELAINE MCILROY (CLERK)
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
The fleet fund is an organization dedicated to helping our neighbors who need assistance when some unexpected event or personal difficulty brings them to a place of serious financial hardship. The social and economic disruptions brought about by the coronavirus pandemic have made our community painfully aware of the vulnerability of some of our neighbors. But even beyond the immediate stresses caused by this pandemic, there are always those among our neighbors who need assistance.the fleet fund partners with social service agencies, educational institutions and other organizations to provide an additional, flexible and confidential source of assistance. The fleet fund strengthens the safety net that supports our community.
What it reported doing in 2024
Provide assistance to wellfleet community members
Operating model
- Revenue model
- Donor-supported. 96% of the money available for current operations came from contributions and gifts.
- 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 available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 100
- Sustainability: 79
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: 0%; rating input score 0
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 29.6%; rating input score 83; 83rd percentile among comparable filings
- Total-asset coverage ratio: 2.04; rating input score 81; 81st percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 76; 76th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: -12% per year; rating input score 0; 13th percentile among comparable filings
- Revenue growth: 19.5% per year; rating input score 100; 83rd percentile among comparable filings
- Asset growth: 25.6% per year; rating input score 100; 85th percentile among comparable filings
Details
- Where the money goes: 0% of revenue deployed · 0% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment
- Leadership: top reported pay $0 · 11 people listed
- Consistency: 8 of 9 current checks pass · 1 finding to review
- Schedules: 3 filed schedules
- Filing history: 4 filing years from 2020 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- 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 — Financial Efficiency: Mission deployment rate scored 0/100.
- High — Financial Efficiency: Program expense ratio scored 0/100.
- Moderate — Transparency & Controls: Part III transfer expenses within program total did not reconcile in the filed values.
- High — Growth: Program expense growth scored 0/100.