Homestead Community Concerts Association Inc
Nonprofit profile at a glance
- EIN
- 591738397
- IRS 990-EZ coverage
- 2011–2016
- Forms available
- Form 990-EZ 2016
- Location
- Homestead, FL, USA
- Phone
- 3052536620
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Music
Reported finances
- Revenue
- $38,593
- Expenses
- $56,303
- Assets
- $32,464
Source: IRS Form 990-EZ. Selected filing: tax year 2016. Amounts in USD.
Leadership & pay
1 person listed
People named in this filing
- ANN MCALLISTER (TRESURER)
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 2016. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide cultural concerts for the homestead area
What it reported doing in 2016
The association has only one service activity, which is to provide cultural concerts for the homestead area. A four concert series is provided annually. The association has approximately 500 members.
Operating model
- Revenue model
- Membership-supported. 100% of the money available for current operations came from membership dues.
- 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. Expenses are high relative to revenue and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 97
- Transparency & Controls: 82
- Sustainability: 17
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 90.6%; rating input score 91
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -45.9%; rating input score 12; 12th percentile among comparable filings
- Total-asset coverage ratio: 0.58; rating input score 33; 33rd percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 13; 13th percentile among comparable filings
Growth
- Program expense growth: 3.9% per year; rating input score 100; 60th percentile among comparable filings
- Revenue growth: -10.3% per year; rating input score 0; 28th percentile among comparable filings
- Asset growth: -22.4% per year; rating input score 0; 11th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 90.6% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $51K in reported program spending
- Leadership: top reported pay $0 · 1 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 2 filed schedules
- Filing history: 5 filing years from 2011 to 2016
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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 — Sustainability: Operating margin scored 12/100.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 33/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 13/100.