Grumman Retiree Club
Nonprofit profile at a glance
- EIN
- 113332107
- IRS 990-EZ coverage
- 2022–2022
- Forms available
- Form 990-EZ 2022, Form 990-N 2021
- Location
- Bethpage, NY, USA
- Rating
- 70
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Senior Centers
Reported finances
- Revenue
- $101,692
- Expenses
- $83,009
- Assets
- $119,788
- Liabilities
- $12,956
Source: IRS Form 990-EZ. Selected filing: tax year 2022. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- Cathy Ferro (President)
- Betty Bohlander (1st Vice President)
- Nick Bazzicacalupo (2nd Vice President and Sargeant of Arms)
- Bob Ripp (Past President Director and Office Worker)
- Marion Abbott (Past President director and and Office Worker)
People named in this filing
- Cathy Ferro (President)
- Betty Bohlander (1st Vice President)
- Nick Bazzicacalupo (2nd Vice President and Sargeant of Arms)
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 2022. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide retirees with educational social and philanthropic opportunities that will enable later in life decisions on residential alternatives and potential medical physical conditions that they may experience. Also to allow retiree members the opportunity to provide scholarships to children and grandchildres of fellow retirees. Over 230 scholarships valied at over $360,000have been awarded sinse the program began in 1999.
What it reported doing in 2022
Published 11 monthly newsletters annually for approximately 1350 members in HQ on Long Island and 12 remote regional chapters across the nation from Florida to California.Provided informative articles on topics of interest including personal finance and things going on within the legacy company - Northrop Grumman.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Grant intermediary. The nonprofit sent 94% of its reported program spending out as grants.
The verdict
SUPPORTED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of total spending goes to programs and liabilities are high compared with assets.
Rating breakdown
- Financial Efficiency: 54
- Transparency & Controls: 100
- Sustainability: 64
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 62.8%; rating input score 63
- Program expense ratio: 40.2%; rating input score 40
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 18.4%; rating input score 71; 71st percentile among comparable filings
- Total-asset coverage ratio: 1.44; rating input score 70; 70th percentile among comparable filings
- Liabilities to assets ratio: 0.11; rating input score 25; 25th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 64; 64th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 62.8% of revenue deployed · 40.2% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $33K in reported program spending
- Leadership: top reported pay $0 · 9 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- Moderate — Financial Efficiency: Program expense ratio scored 40/100.
- High — Sustainability: Liabilities to assets ratio scored 25/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.