Lochmere Recreation Club Inc
Nonprofit profile at a glance
- EIN
- 562067895
- IRS 990-EZ coverage
- 2012–2015
- Forms available
- Form 990 2011, Form 990-EZ 2015
- Location
- Cary, NC, USA
- Phone
- 9192337640
- Rating confidence
- Limited
- Sector
- Recreational l Clubs
Reported finances
- Expenses
- $10,756
- Assets
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2015. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- JEFF MADIA (PRESIDENT)
People named in this filing
- JEFF MADIA (PRESIDENT)
- BRETT BELOTE (VICE PRESIDE)
- SHARON LEE (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 2015. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Social and recreational club
What it reported doing in 2015
Recreational and social facilities were closed down and organization terminated. Balance of cash donated to interfaith food shuttle (a 501(c)(3) organization).
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
- 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
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: 38
- Transparency & Controls: 82
- Sustainability: 10
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- 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: Limited
- Total-asset coverage ratio: 0; rating input score 12; 12th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 52; 52nd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -80.6% per year; rating input score 0; 20th percentile among comparable filings
- Asset growth: -81.9% per year; rating input score 0; 10th percentile among comparable filings
Details
- Where the money goes: 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $11K in reported program spending
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 2 of 2 current checks pass
- Schedules: 2 filed schedules
- Filing history: 4 filing years from 2012 to 2015
- 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: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 12/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 52/100.