Groove Inc

Nonprofit profile at a glance

EIN: 460459062
IRS 990-EZ coverage: 2019–2024
Forms available: Form 990 2023, Form 990-EZ 2024
Location: Sioux Falls, SD, USA
Phone: 6053769581
Rating: 42
Verdict: MIXED
Rating confidence: Moderate
Sector: Music Groups, Bands, Ensembles

Reported finances

Revenue: $168,489
Expenses: $185,395
Assets: $147,073

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

TERRY BOON (PRESIDENT)
PETE HANSEN (EXECUTIVE DIRECTOR)

People named in this filing

TERRY BOON (PRESIDENT)
JESSICA SARGENT (DIRECTOR OF OPERATIONS)
JANELLE WINTER (FINANCE 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 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Music education and performance

What it reported doing in 2024

Percussion/music education for 100+ students giving the opportunity to learn and perform music, including innovativemarching shows. Provides sense of community as well.

Operating model

Revenue model: Mixed. Its operating money came from several sources; no one source provided a clear majority.
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 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: 23
Transparency & Controls: 65
Sustainability: 25
Growth: 60

Detailed rating inputs

Financial Efficiency

Mission deployment rate: 24%; rating input score 24
Program expense ratio: 21.8%; rating input score 22

Transparency & Controls

Consistency checks: 78.6%; rating input score 79; 0th percentile among comparable filings
Major donor itemization: Limited

Sustainability

Operating margin: -10%; rating input score 15; 15th percentile among comparable filings
Total-asset coverage ratio: 0.79; rating input score 52; 52nd percentile among comparable filings
Liabilities to assets ratio: Limited
Officer compensation ratio: 7.2%; rating input score 22; 22nd percentile among comparable filings

Growth

Program expense growth: -24% per year; rating input score 0; 9th percentile among comparable filings
Revenue growth: 10.8% per year; rating input score 100; 69th percentile among comparable filings
Asset growth: 2.1% per year; rating input score 100; 34th percentile among comparable filings

Details

Where the money goes: 24% of revenue deployed · 21.8% of spending went to programs
Governance: Filed governance answers
Accomplishments: 1 filed program accomplishment · $40K in reported program spending
Leadership: top reported pay $0 · 9 people listed
Consistency: 6 of 6 current checks pass
Schedules: 3 filed schedules
Filing history: 5 filing years from 2019 to 2024
Contacts: How to reach this organization
Money network: 5 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: Mission deployment rate scored 24/100.
High — Financial Efficiency: Program expense ratio scored 22/100.
High — Sustainability: Operating margin scored 15/100.
High — Growth: Program expense growth scored 0/100.
Review — Sustainability: Total-asset coverage ratio scored 52/100.
High — Sustainability: Officer compensation ratio scored 22/100.