Gulf States Shipbuilders Consortium

Nonprofit profile at a glance

EIN
208047382
IRS 990-EZ coverage
2010–2019
Forms available
Form 990 2012, Form 990-EZ 2019
Location
Woodstock, AL, USA
Phone
2052150207
Rating
36
Verdict
REVIEW
Rating confidence
Moderate
Sector
Business and Industry

Official website

Reported finances

Revenue
$8,367
Expenses
$7,860
Assets
$24,545
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2019. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • Mark Scott (President and Director)
  • Jerome Eymard (Vice President and Director)

People named in this filing

  • Mark Scott (President and Director)
  • Ronald Pierce (Chairman and Director)
  • Jerome Eymard (Vice President and 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 2019. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Promote increased productivity and improved competitiveness in the gulf coast shipbuilding industry by raising public awareness of the shipbuilding industry in the gulf coast, establishing a steady stream of trained workers for the gulf coast shipbuilding and repair industry.

What it reported doing in 2019

GSSC partnered with the South Alabama Workforce Development Council for Alabama (SAWDC) Region 9 to design, construct, and staff the Shipbuilding and Ship Repair World in the ninth annual SAWDC Worlds of Opportunity job awareness fair for 8th-grade students. Over two days, over 10,000 8th grade students from public school systems in 8 Alabama counties were exposed to many different career "worlds". In the Maritime World there were hands on exhibits covering many of the craft trades like pipe fitting, electrical, welding, rigging, ship fitting, composite materials, as well as engineering, ship design, HR and others. In addition to providing exhibits and hands on activities (including a welding simulator), GSSC provided hard hats and safety glasses to students to emphasize safety and safe working habits. GSSC played a major role in the planning of the overall event which included 11 different "worlds" of work. Many hours of planning, preparation, coordination of assets, displays, give-a-ways and countless volunteer man-hours were provided by GSSC and its members, the value of which is not shown here. Expenses shown here are actual funds spent to support this program. GSSC also supported the Mississippi coast Pathways2Prosperity by donating funds and GSSC member employees support.

Operating model

Revenue model
Membership-supported. 89% of the money available for current operations came from membership dues.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

REVIEW - The filed numbers largely add up and total assets are large relative to annual expenses, but may not be spendable cash. 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: 0
  • Transparency & Controls: 82
  • Sustainability: 64
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 6.1%; rating input score 56; 56th percentile among comparable filings
  • Total-asset coverage ratio: 3.12; rating input score 75; 75th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 73; 73rd percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -13.7% per year; rating input score 0; 25th percentile among comparable filings
  • Revenue growth: -16.1% per year; rating input score 0; 19th percentile among comparable filings
  • Asset growth: -13.7% per year; rating input score 0; 14th percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 4 filed program accomplishments
  • Leadership: top reported pay $0 · 9 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 1 filed schedules
  • Filing history: 9 filing years from 2010 to 2019
  • 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.

  • High — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Sustainability: Operating margin scored 56/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.