Island Men

Nonprofit profile at a glance

EIN
464974320
IRS 990-EZ coverage
2021–2025
Forms available
Form 990-EZ 2025, Form 990-N 2020
Location
Carolina Bch, NC, USA
Rating
88
Verdict
STRONG
Rating confidence
Moderate
Sector
Fund Raising and Fund Distribution

Reported finances

Revenue
$111,169
Expenses
$152,921
Assets
$90,987
Liabilities
$6,470

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • Lynn Halterman (President)
  • Brian Graybush (Vice President)

People named in this filing

  • Lynn Halterman (President)
  • Brian Graybush (Vice President)
  • Gary Merkle (Secretary)

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 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To raise money to support local charities and strengthen our community through participation in local childrens educational and athletic activities that enhance the quality of life in our community.

What it reported doing in 2025

$26395 comprised of American Legion 2000 CB - Basketball 500.00 CB Elementary School - Island Time 5,000.00 CBPD Bike Rodeo 1,000.00 Education Without Walls 6,196.27 Federal Point Historical Society 1,500 Kure Memorial Lutheran - Food Bank 750.00 Little Pink Houses of Hope 880.12 Lo Tide Run 1,000.00 Marthas Kitchen 1,000.00 Ocean Cure 10,000.00 Pleasure Island Youth Baseball 2,068.70 $4,499.91 to seven misc. organizations

Operating model

Revenue model
Other-operating. 87% of the money available for current operations came from other operating revenue.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

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 total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 97
  • Transparency & Controls: 82
  • Sustainability: 24
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 91.6%; rating input score 92

Transparency & Controls

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

Sustainability

  • Operating margin: -37.6%; rating input score 3; 3rd percentile among comparable filings
  • Total-asset coverage ratio: 0.59; rating input score 43; 43rd percentile among comparable filings
  • Liabilities to assets ratio: 0.07; rating input score 23; 23rd percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: 30.8% per year; rating input score 100; 83rd percentile among comparable filings
  • Revenue growth: 17.9% per year; rating input score 100; 79th percentile among comparable filings
  • Asset growth: 21.1% per year; rating input score 100; 79th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 91.6% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 4 filed program accomplishments · $140K in reported program spending
  • Leadership: top reported pay $0 · 9 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 5 filing years from 2021 to 2025
  • 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.

  • High — Sustainability: Operating margin scored 3/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 43/100.
  • High — Sustainability: Liabilities to assets ratio scored 23/100.