Laser Regatta Squadron
Nonprofit profile at a glance
- EIN
- 237372614
- IRS 990-EZ coverage
- 2022–2025
- Forms available
- Form 990 2020, Form 990-EZ 2025
- Location
- Hermitage, TN, USA
- Phone
- 6158124909
- Rating
- 45
- Verdict
- MIXED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $168,002
- Expenses
- $178,182
- Assets
- $263,972
- Liabilities
- $2,439
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
8 people listed
People named in this filing
- Jay Pigue (Commodore)
- Asa Hartley (Vice Commodore)
- Lori Smith (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
The purposes of the Club shall be to promote sailing in all its branches; to help promote a code of ethics and safety for the waterways; to provide instruction in boat handling and seamanship; to form a social and activity nucleus for individuals and their families interested in yachting; to develop an active relationship with other sailing organizations; and to foster the Corinthian spirit of good fellowship. The Club will construct and maintain such facilities as are required to accomplish these purposes. The Club is not and shall not be maintained for pecuniary profits.
What it reported doing in 2025
Competitive, instructional and charitable events for members, other sailing organizations and the middle Tennessee community at large through out the year.
Operating model
- Revenue model
- Membership-supported. 88% of the money available for current operations came from membership dues.
- Distribution model
- Direct operator. The filing allocates 82% 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
MIXED - The filed numbers largely add up and revenue has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 14
- Transparency & Controls: 82
- Sustainability: 41
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 14.8%; rating input score 15
- Program expense ratio: 12.3%; rating input score 12
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -6.1%; rating input score 18; 18th percentile among comparable filings
- Total-asset coverage ratio: 1.48; rating input score 71; 71st percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 38; 38th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: -10.4% per year; rating input score 0; 15th percentile among comparable filings
- Revenue growth: 0.2% per year; rating input score 100; 19th percentile among comparable filings
- Asset growth: 5.7% per year; rating input score 100; 45th percentile among comparable filings
Details
- Where the money goes: 14.8% of revenue deployed · 12.3% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $22K in reported program spending
- Leadership: top reported pay $0 · 8 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 1 filed schedules
- Filing history: 4 filing years from 2022 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 — Financial Efficiency: Mission deployment rate scored 15/100.
- High — Financial Efficiency: Program expense ratio scored 12/100.
- High — Growth: Program expense growth scored 0/100.
- High — Sustainability: Operating margin scored 18/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 38/100.