Hammer Down Multisport Inc

Nonprofit profile at a glance

EIN
455406040
IRS 990-EZ coverage
2016–2024
Forms available
Form 990-EZ 2024
Location
Panama City, FL, USA
Phone
8508146783
Rating
83
Verdict
STRONG
Rating confidence
Moderate

Reported finances

Revenue
$18,899
Expenses
$14,077
Assets
$24,558

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

Leadership & pay

3 people listed

Executive titles in this filing

  • Jeffrey Wirrick (President)

People named in this filing

  • Jeffrey Wirrick (President)
  • Teresa Lucas (Treasurer)
  • Joseph Fritz (Membership Coordinator)

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

To promote and encourage physical fitness and amateur participation in the sport of triathlon duathlon, running, cycling, swimming and multi-sport activity.

What it reported doing in 2024

This program has served to generate interest in the areas of triathlon, duathlon, running, cycling, swimmingand multi-sport activities.

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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 84
  • Transparency & Controls: 82
  • Sustainability: 62
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 74.5%; rating input score 74
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 25.5%; rating input score 78; 78th percentile among comparable filings
  • Total-asset coverage ratio: 1.74; rating input score 62; 62nd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 30.5% per year; rating input score 100; 88th percentile among comparable filings
  • Revenue growth: 19.8% per year; rating input score 100; 90th percentile among comparable filings
  • Asset growth: 16.3% per year; rating input score 100; 82nd percentile among comparable filings

Details

  • Where the money goes: 74.5% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $14K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 1 filed schedules
  • Filing history: 9 filing years from 2016 to 2024
  • 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.

  • Review — Sustainability: Officer compensation ratio scored 56/100.