Ironmen Sports Inc

Nonprofit profile at a glance

EIN
270639420
IRS 990 coverage
2015–2015
Forms available
Form 990 2015
Location
Louisville, KY, USA
Phone
5024948074
Rating
61
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Baseball, Softball

Official website

Reported finances

Revenue
$209,536
Expenses
$176,058
Assets
$92,304
Liabilities
$386

Source: IRS Form 990. Selected filing: tax year 2015. Amounts in USD.

Leadership & pay

12 people listed

Executive titles in this filing

  • MARK PETERS (President & CEO)

Highest reported compensation

  • SEAN DUGGINS (Executive Dir.): $3,333 total reported compensation
  • DANIEL SULLIVAN (Treasurer): $1,500 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2015. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Provide to the youth of our community the following: baseball instruction, training, supervision, indoor/outdoor practice facilities, uniforms and the opportunity to compete in the game of baseball at a highly competitive level

What it reported doing in 2015

Indoor / outdoor facilitites - the organization provides indoor/outdoor practice facilities for the teams in its development program and to other local teams, instructors and athletic organizations. It leases the indoor facilities and outdoor baseball fields to provide this program service. Our goal is to break even on the facilities so we may provide the necessary training for our devlopmental teams to compeate on are regional or national basis. The local teams, instructors and athletic organizations that use our facilities are independent of of our organization and are responsible for their own records and reports. Our organization does offer these independent entities the opportunity in our fundraising program to reduce their costs for using our facilities. Over 250 youth have access to our facilities at a very reasonable cost.

Operating model

Revenue model
Earned-program. 96% of the money available for current operations came from fees and other program revenue.
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: 76
  • Transparency & Controls: 93
  • Accountability: 0
  • Sustainability: 56
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 76.9%; rating input score 77
  • Program expense ratio: 91.5%; rating input score 92
  • Fundraising efficiency: $4.26 raised per $1 spent on fundraising; rating input score 19; 19th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 90.9%; rating input score 91; 10th 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: 0%; rating input score 0; 6th percentile among comparable filings
  • Governance controls: 0 of 8 controls in place; rating input score 0
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Fail
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 16%; rating input score 76; 76th percentile among comparable filings
  • Total-asset coverage ratio: 0.52; rating input score 28; 28th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 63; 63rd percentile among comparable filings
  • Officer compensation ratio: 2.7%; rating input score 42; 42nd percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 76.9% of revenue deployed · 91.5% of spending went to programs
  • Governance: 0 of 12 board members independent · 0 of 8 filing controls reported
  • Programs: 2 filed program accomplishments · $161K in reported program spending
  • Leadership: top reported pay $3K · 12 people listed
  • Consistency: 22 of 23 current checks pass · 1 finding to review
  • Schedules: 4 filed schedules · includes major donors
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • 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 — Accountability: Independent voting board scored 0/100.
  • High — Accountability: Governance controls: 7 of 7 not reported.
  • High — Financial Efficiency: Fundraising efficiency scored 19/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • High — Sustainability: Total-asset coverage ratio scored 28/100.
  • Moderate — Sustainability: Officer compensation ratio scored 42/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.