Hope Club
Nonprofit profile at a glance
- EIN
- 050158360
- IRS 990 coverage
- 2009–2015
- Forms available
- Form 990 2015
- Location
- Providence, RI, USA
- Phone
- 4014214960
- Rating confidence
- Limited
- Sector
- Amateur Sports
Reported finances
- Revenue
- $1,709,886
- Expenses
- $1,798,729
- Assets
- $6,516,261
- Liabilities
- $4,474,507
Source: IRS Form 990. Selected filing: tax year 2015. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- ELISABETH N GALLIGAN (VICE PRESIDENT)
- PETER H GROSS (PRESIDENT)
Highest reported compensation
- PHILIP SANTOMARO CCM CCE AAS (GENERAL MANAGER): $143,940 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2015. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Operation of one of Rhode Island's premier private social clubs, offering members and guests an opportunity to engage in social activities that entwine first-class service and amentities including, dinning, exercise/game, and private function rooms.
What it reported doing in 2015
Food and beverage operation - to provide members and their guests with an opportunity for dining and socializing.
Operating model
- Revenue model
- Earned-program. 92% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 92
- Accountability: 90
- Sustainability: 41
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- 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: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 6 of 8 controls in place; rating input score 75
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -5.2%; rating input score 22; 22nd percentile among comparable filings
- Total-asset coverage ratio: 3.62; rating input score 80; 80th percentile among comparable filings
- Liabilities to assets ratio: 0.69; rating input score 15; 15th percentile among comparable filings
- Officer compensation ratio: 8%; rating input score 44; 44th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 2.4% per year; rating input score 100; 41st percentile among comparable filings
- Asset growth: -2.8% per year; rating input score 0; 22nd percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 11 of 11 board members independent · 6 of 8 filing controls reported
- Programs: 3 filed program accomplishments
- Leadership: top reported pay $144K · 11 people listed
- Consistency: 12 of 12 current checks pass
- Schedules: 3 filed schedules · includes major donors
- Filing history: 7 filing years from 2009 to 2015
- 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: 2 of 8 not reported.
- High — Sustainability: Operating margin scored 22/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 15/100.
- Moderate — Sustainability: Officer compensation ratio scored 44/100.