Greater Grays Harbor Inc
Nonprofit profile at a glance
- EIN
- 910730167
- IRS 990 coverage
- 2013–2024
- Forms available
- Form 990 2024
- Location
- Aberdeen, WA, USA
- Phone
- 3605327888
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $649,672
- Expenses
- $823,961
- Assets
- $246,792
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
18 people listed
Executive titles in this filing
- JON MARTIN (INTERIM CEO)
- DARRIN RAINES (CEO)
- LYNNETTE BUFFINGTON (PRIOR CEO)
Highest reported compensation
- DARRIN RAINES (CEO): $68,201 total reported compensation
- JON MARTIN (INTERIM CEO): $62,468 total reported compensation
- LYNNETTE BUFFINGTON (PRIOR CEO): $18,016 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To facilitate in the creation and retention of jobs and investment in grays harbor county.
What it reported doing in 2024
Provided business development and business assistance services; provided assistance for local business retention and expansion plans; and recruited new companies in the grays harbor county.
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. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 74
- Transparency & Controls: 83
- Accountability: 90
- Sustainability: 20
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 90.4%; rating input score 90
- Program expense ratio: 71.5%; rating input score 71
- Fundraising efficiency: $1.34 raised per $1 spent on fundraising; rating input score 4; 4th percentile among comparable filings
Transparency & Controls
- Consistency checks: 92.3%; rating input score 92; 16th 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; 63rd percentile among comparable filings
- Governance controls: 6 of 8 controls in place; rating input score 75
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -26.8%; rating input score 7; 7th percentile among comparable filings
- Total-asset coverage ratio: 0.3; rating input score 14; 14th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 91; 91st percentile among comparable filings
- Officer compensation ratio: 18%; rating input score 17; 17th percentile among comparable filings
Growth
- Program expense growth: 11% per year; rating input score 100; 66th percentile among comparable filings
- Revenue growth: 1.3% per year; rating input score 100; 20th percentile among comparable filings
- Asset growth: 3% per year; rating input score 100; 29th percentile among comparable filings
Details
- Where the money goes: 90.4% of revenue deployed · 71.5% of spending went to programs
- Governance: 15 of 15 board members independent · 6 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $589K in reported program spending
- Leadership: top reported pay $68K · 18 people listed
- Consistency: 25 of 25 current checks pass
- Schedules: 5 filed schedules
- Filing history: 11 filing years from 2013 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- 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 — Financial Efficiency: Fundraising efficiency scored 4/100.
- High — Sustainability: Operating margin scored 7/100.
- High — Sustainability: Total-asset coverage ratio scored 14/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- High — Sustainability: Officer compensation ratio scored 17/100.