Grande Maumelle Sailing Club

Nonprofit profile at a glance

EIN
716066545
IRS 990-EZ coverage
2021–2023
Forms available
Form 990-EZ 2023
Location
Little Rock, AR, USA
Phone
0000000000
Rating
38
Verdict
REVIEW
Rating confidence
Moderate

Official website

Reported finances

Revenue
$151,296
Expenses
$163,352
Assets
$174,176
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

4 people listed

People named in this filing

  • Mary Michaels (Commodore)
  • Gregory Hamilton (Treasurer)
  • Yates Phillips (Secretary)

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 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The Grande Maumelle Sailing Club is a member-driven and family-oriented club dedicated to sailing with an emphasis on racing Founded in 1959 Grande Maumelle Sailing Club GMSC is a not-for-profit sailing club located just 20 minutes outside of Little Rock on beautiful Lake Maumelle GMSC is organized to promote sailboat racing We have active centerboard and keelboat fleets and club-owned boats available to qualified sailors Our racing program consists of races from May through October for centerboard boats and from November through April for keelboats GMSC provides formal sailing education to youth and adults through our Learn to Sail programs In addition numerous social events are sponsored by the club

What it reported doing in 2023

Social activities include regattas fleet races an annual meeting the Spring Fling the Fall Ball and semi-annual lake clean-ups

Operating model

Revenue model
Membership-supported. 76% of the money available for current operations came from membership dues.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

REVIEW - The filed numbers largely add up and revenue 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: 0
  • Transparency & Controls: 82
  • Sustainability: 43
  • 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; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -8%; rating input score 19; 19th percentile among comparable filings
  • Total-asset coverage ratio: 1.07; rating input score 61; 61st 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 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 13.8% per year; rating input score 100; 74th percentile among comparable filings
  • Asset growth: 11% per year; rating input score 100; 63rd 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 · 4 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 1 filed schedules
  • Filing history: 3 filing years from 2021 to 2023
  • 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 — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • High — Sustainability: Operating margin scored 19/100.