Gulf Coast Power Boat Association

Nonprofit profile at a glance

EIN
870704661
IRS 990 coverage
2011–2013
Forms available
Form 990 2013
Location
Orange Beach, AL, USA
Phone
2519682727
Rating
64
Verdict
SUPPORTED
Rating confidence
Moderate

Reported finances

Revenue
$276,146
Expenses
$237,831
Assets
$95,987
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2013. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • MARTIN J MCGREEVY (PRESIDENT)

People named in this filing

  • MARTIN J MCGREEVY (PRESIDENT)
  • SAM CALLAHAN (VICE PRESIDE)
  • KATHY MELSON (SECRETARY/TR)

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 2013. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The organizations exists to promote the understanding and appreciation of power boat racing, both amateur and profesional, to assist the area public schools in their need both financial and with volunteer assistance and facilties: the association makes contributions pursuant to irc section 501(c)(7) organizations for these purposes.

What it reported doing in 2013

The organization exists to promote the understanding and appreciation of power boat racing, both amatuer and professional, to assist the area public schools in their financial needs, with volunteer assistance, and their facilties: the association makes contributions pursuant to irc section 501(c)(7) organizations for these purposes.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
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. A relatively small share of voting board members are independent and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 75
  • Transparency & Controls: 90
  • Accountability: 6
  • Sustainability: 60
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 79.7%; rating input score 80
  • Program expense ratio: 92.5%; rating input score 93
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd 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: 0%; rating input score 0; 6th 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: 13.9%; rating input score 73; 73rd percentile among comparable filings
  • Total-asset coverage ratio: 0.4; rating input score 23; 23rd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 86; 86th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 73; 73rd percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 34.6% per year; rating input score 100; 92nd percentile among comparable filings
  • Asset growth: 46.3% per year; rating input score 100; 94th percentile among comparable filings

Details

  • Where the money goes: 79.7% of revenue deployed · 92.5% of spending went to programs
  • Governance: 0 of 5 board members independent · 1 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $220K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 15 of 15 current checks pass
  • Schedules: 1 filed schedules
  • Filing history: 3 filing years from 2011 to 2013
  • 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 — Accountability: Independent voting board scored 0/100.
  • High — Accountability: Governance controls: 5 of 6 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 23/100.