Gravel Bar Yacht Club
Nonprofit profile at a glance
- EIN
- 341331781
- IRS 990-EZ coverage
- 2012–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2010
- Location
- Marblehead, OH, USA
- Phone
- 4197346139
- Rating
- 80
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $48,780
- Expenses
- $29,550
- Assets
- $423,419
- Liabilities
- $109,800
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
People named in this filing
- DEBORAH A BLEM-MCCARTHY (SECRETARY/TR)
- ROBERT GERDING (FLEET SURGEO)
- CULLEN JOHNSON (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-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To promote yachting, boating and all aquatic sports; to promote friendly and social relationships between the members of this club, and between this and other like clubs; to carry on sports, recreation and diversions of all kinds and descriptions for the welfare, entertainment and convenience of the members of this club and their guests and friends; to acquire and provide, by purchase, lease, rental or otherwise, those items as are necessary or useful to the furtherance of above purposes, but for club use only.
What it reported doing in 2024
Dues and social activities used to pay rent and other occupancy expenses related to lodge building.
Operating model
- Revenue model
- Membership-supported. 67% of the money available for current operations came from membership dues.
- 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. Liabilities are high compared with assets and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 76
- Transparency & Controls: 82
- Sustainability: 77
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 60.5%; rating input score 61
- Program expense ratio: 99.9%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 39.4%; rating input score 87; 87th percentile among comparable filings
- Total-asset coverage ratio: 14.33; rating input score 94; 94th percentile among comparable filings
- Liabilities to assets ratio: 0.26; rating input score 12; 12th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 1.3% per year; rating input score 100; 52nd percentile among comparable filings
- Revenue growth: 1.1% per year; rating input score 100; 56th percentile among comparable filings
- Asset growth: 1.7% per year; rating input score 100; 45th percentile among comparable filings
Details
- Where the money goes: 60.5% of revenue deployed · 99.9% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $30K in reported program spending
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 1 filed schedules
- Filing history: 13 filing years from 2012 to 2024
- Contacts: How to reach this organization
- 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 — Sustainability: Liabilities to assets ratio scored 12/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.