Florida Jets Wrestling Club Inc

Nonprofit profile at a glance

EIN
593573231
IRS 990-EZ coverage
2010–2018
Forms available
Form 990-EZ 2018, Form 990-N 2007
Location
Oviedo, FL, USA
Phone
4073656115
Rating
94
Verdict
STRONG
Rating confidence
Moderate
Sector
Amateur Sports

Official website

Reported finances

Revenue
$138,250
Expenses
$135,596
Assets
$23,671

Source: IRS Form 990-EZ. Selected filing: tax year 2018. Amounts in USD.

Leadership & pay

14 people listed

Executive titles in this filing

  • WADE SCHALLES (PRESIDENT)

People named in this filing

  • JD ROBBINS (COACH/EXEC D)
  • SHAWN WOODS (VICE PRESIDE)
  • HEATHER PARKER (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 2018. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The Florida jets wrestling club is committed to training and mentoring of students/athletes in an effort to reach their maximum potential. We strive for excellence in the sport of wrestling, while developing the athlete's confidence, leadership, self-discipline and a strong work ethic for success in life.

What it reported doing in 2018

The Florida jets is a non profit organization based in central Florida. Our mission is to develop and train student athletes from 5 yrs through 18 yrs old, from the novice level to the national top elite and olympic levels. We provide the opportunity for under privileged, at risk children to be introduced to the sport of wrestling through funding of equipment, tournament fees, insurance, travel cost and coaching. The club has produced world team members, numerous national champions, all american's and has created an enormous opportunity for athletic scholarships for college. The club has been awarded the prestige's gold medal award from USA wrestling, the olympic governing body for the sport of wrestling. The gold medal award has been presented to the Florida jets the last 15 years for its accomplishments and dedication to the sport of wrestling.

Operating model

Revenue model
Donor-supported. 65% of the money available for current operations came from contributions and gifts.
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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 97
  • Transparency & Controls: 100
  • Sustainability: 32
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 96.1%; rating input score 96
  • Program expense ratio: 97.9%; rating input score 98

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 1.9%; rating input score 41; 41st percentile among comparable filings
  • Total-asset coverage ratio: 0.17; rating input score 17; 17th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 64; 64th percentile among comparable filings

Growth

  • Program expense growth: 1.1% per year; rating input score 100; 35th percentile among comparable filings
  • Revenue growth: 0.3% per year; rating input score 100; 27th percentile among comparable filings
  • Asset growth: -6.7% per year; rating input score 0; 16th percentile among comparable filings

Details

  • Where the money goes: 96.1% of revenue deployed · 97.9% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $133K in reported program spending
  • Leadership: top reported pay $0 · 14 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 9 filing years from 2010 to 2018
  • 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • Moderate — Sustainability: Operating margin scored 41/100.
  • High — Sustainability: Total-asset coverage ratio scored 17/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.