Greater Mystic Visitors Bureau Inc
Nonprofit profile at a glance
- EIN
- 611669254
- IRS 990 coverage
- 2013–2017
- Forms available
- Form 990 2017
- Location
- Waterford, CT, USA
- Phone
- 8607019113
- Rating
- 56
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Economic Development
Reported finances
- Revenue
- $18,710
- Expenses
- $137
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2017. Amounts in USD.
Leadership & pay
9 people listed
People named in this filing
- THOMAS TONY SHERIDAN (CHAIRPERSON)
- LORI THOMPSON (TREASURER)
- RANDY FIVEASH (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. Selected filing: tax year 2017. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To attract leisure and business visitors from national and international inbound market segments to the mystic cluster, i.e. Those municipalities defined as the eastern Connecticut regional tourism district within ct public act 03-06 plus coastal southwestern Rhode Island and the general area of the Connecticut shoreline to clinton.
What it reported doing in 2017
Development and management of www.mystic.org website. This website is used to promote, through advertisement, eastern Connecticut's arts, culture, and tourism venues to the region and beyond for the ultimate purpose of enhancing the economic well being of the region.
Operating model
- Revenue model
- Earned-program. 100% 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
MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 34
- Transparency & Controls: 90
- Accountability: 64
- Sustainability: 55
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0.7%; rating input score 1
- Program expense ratio: 100%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd 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; 64th percentile among comparable filings
- Governance controls: 1 of 7 controls in place; rating input score 14
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 99.3%; rating input score 100; 100th percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 61; 61st percentile among comparable filings
Growth
- Program expense growth: -40.1% per year; rating input score 0; 13th percentile among comparable filings
- Revenue growth: -38.4% per year; rating input score 0; 12th percentile among comparable filings
- Asset growth: -22.2% per year; rating input score 0; 9th percentile among comparable filings
Details
- Where the money goes: 0.7% of revenue deployed · 100% of spending went to programs
- Governance: 9 of 9 board members independent · 1 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $137 in reported program spending
- Leadership: top reported pay $0 · 9 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 3 filed schedules
- Filing history: 5 filing years from 2013 to 2017
- 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 1/100.
- High — Accountability: Governance controls: 5 of 6 not reported.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 2/100.
- High — Growth: Asset growth scored 0/100.