Lake Placid Noon Rotary Club Foundation Inc

Nonprofit profile at a glance

EIN
650800421
IRS 990-EZ coverage
2010–2024
Forms available
Form 990-EZ 2024
Location
Lake Placid, FL, USA
Phone
8632145894
Rating
75
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Public Foundations

Reported finances

Revenue
$25,027
Expenses
$18,944
Assets
$233,828
Liabilities
$99,562

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • Mat Roll (President)
  • Jason Test (Vice President)

People named in this filing

  • Mat Roll (President)
  • Jason Test (Vice President)
  • Todd Moore (Treasurer)

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

Provide scholarships and donations to 501C3 organizations that further the purpose of its supported organization, Lake Placid Noon Rotary Club, Inc.

What it reported doing in 2024

Each year, the foundation awards scholarships to graduating high school seniors. During this fiscal year, 14 scholarships were awarded.

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
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Liabilities are high compared with assets and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 67
  • Transparency & Controls: 82
  • Sustainability: 71
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 59.9%; rating input score 60
  • Program expense ratio: 79.2%; rating input score 79

Transparency & Controls

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

Sustainability

  • Operating margin: 24.3%; rating input score 77; 77th percentile among comparable filings
  • Total-asset coverage ratio: 12.34; rating input score 93; 93rd percentile among comparable filings
  • Liabilities to assets ratio: 0.43; rating input score 10; 10th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 14.4% per year; rating input score 100; 77th percentile among comparable filings
  • Revenue growth: 4.5% per year; rating input score 100; 69th percentile among comparable filings
  • Asset growth: 4.1% per year; rating input score 100; 54th percentile among comparable filings

Details

  • Where the money goes: 59.9% of revenue deployed · 79.2% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $15K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 14 filing years from 2010 to 2024
  • 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.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Liabilities to assets ratio scored 10/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.