Lake Chelan Boating Club Inc
Nonprofit profile at a glance
- EIN
- 910780838
- IRS 990-EZ coverage
- 2010–2024
- Forms available
- Form 990-EZ 2024
- Location
- Chelan, WA, USA
- Phone
- 5096794417
- Rating
- 89
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $40,303
- Expenses
- $32,228
- Assets
- $180,426
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
11 people listed
People named in this filing
- SHERYL ARENDS (Vice Commodore)
- JEANNETTE KRUMM (SECRETARY)
- CHERYL NELSON (COMMODORE)
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 mission of the organization is to promote safe boating on lake chelan. Additionally, the organization has an annual fundraiser and uses these funds to provide local youth with scholarships to colleges and to support community events and local charities.
What it reported doing in 2024
The organization provides annual scholarships. Any unused scholarship is returned to the club for future scholarship use.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- 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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filed totals do not add up and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 96
- Transparency & Controls: 82
- Sustainability: 66
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 92.7%; rating input score 93
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 20%; rating input score 73; 73rd percentile among comparable filings
- Total-asset coverage ratio: 5.6; rating input score 86; 86th 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: 7.4% per year; rating input score 100; 67th percentile among comparable filings
- Revenue growth: 1.5% per year; rating input score 100; 58th percentile among comparable filings
- Asset growth: 5.6% per year; rating input score 100; 60th percentile among comparable filings
Details
- Where the money goes: 92.7% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $37K in reported program spending
- Leadership: top reported pay $0 · 11 people listed
- Consistency: 6 of 7 current checks pass · 1 finding to review
- Schedules: 2 filed schedules
- Filing history: 7 filing years from 2010 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.
- Moderate — Transparency & Controls: Part III program expenses within total did not reconcile in the filed values.
- Review — Sustainability: Officer compensation ratio scored 56/100.