Key Royale Resident Owners Association Inc
Nonprofit profile at a glance
- EIN
- 591812357
- IRS 990-EZ coverage
- 2022–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2021
- Location
- Holmes Beach, FL, USA
- Phone
- 6102467635
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $68,831
- Expenses
- $67,873
- Assets
- $27,170
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- Jeff Dentz (President)
- Katherine Kerchner (Vice President)
People named in this filing
- Jeff Dentz (President)
- Katherine Kerchner (Vice President)
- Merry Turner (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 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The Association has been organized for the following purposes: (a) Promote the friendly and neighborly relations among the residents of Key Royale; (b) Encourage compliance with deed restrictions, municipal, county and state regulations affecting the use of real property; (c) Cooperate with other Anna Maria Island Property Owners Association; (d) monitor the activities of all government bodies which may affect the residents of Key Royale; (e) Maintain, preserve, and manage the thirteen (13) medians of Key Royale and other activities as may be intended for the benefit of the Key Royale community or the City of Holmes Beach.
What it reported doing in 2024
Promote the friendly and neighborly relations among the 320 residents of Key Royale through communications (in person, online, newsletters, mailings, and the annual Directory publication).
Operating model
- Revenue model
- Donor-supported. 75% 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. Program spending has declined or grown slowly and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 94
- Transparency & Controls: 82
- Sustainability: 37
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 93.3%; rating input score 93
- Program expense ratio: 94.6%; rating input score 95
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 1.4%; rating input score 48; 48th percentile among comparable filings
- Total-asset coverage ratio: 0.4; rating input score 26; 26th 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: -11% per year; rating input score 0; 26th percentile among comparable filings
- Revenue growth: -7.9% per year; rating input score 0; 28th percentile among comparable filings
- Asset growth: -5.2% per year; rating input score 0; 24th percentile among comparable filings
Details
- Where the money goes: 93.3% of revenue deployed · 94.6% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $64K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 1 filed schedules
- Filing history: 3 filing years from 2022 to 2024
- 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 — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 48/100.
- High — Sustainability: Total-asset coverage ratio scored 26/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.