Marine Preservation Society of the Florida Keys Inc

Nonprofit profile at a glance

EIN
920445890
IRS 990-EZ coverage
2022–2024
Forms available
Form 990-EZ 2024
Location
Key West, FL, USA
Phone
9412280048
Rating
86
Verdict
STRONG
Rating confidence
Moderate
Sector
Water Resource, Wetlands Conservation and Management

Official website

Reported finances

Revenue
$82,872
Expenses
$82,149
Assets
$215,643
Liabilities
$122,700

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

Leadership & pay

10 people listed

People named in this filing

  • TOM DAVIDSON JR (CHAIRMAN)
  • KURT W TIDD (VICE CHAIR)
  • NICK DAVIES (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

The marine preservation society of the Florida keys (mps) is a new nonprofit organization working to steward our beautiful Florida keys waters. In an island chain boasting many marine organizations.

What it reported doing in 2024

Mission: iconic reef website build the mission: iconic reef's website houses the volunteer ocean guardian program and serves as a portal to copractitioners to record their activities as well as to education the general public on the Florida keys reef.

Operating model

Revenue model
Donor-supported. 100% 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 - The filed numbers largely add up and a large share of available resources goes toward mission work. Expenses are high relative to revenue and liabilities are high compared with assets.

Rating breakdown

  • Financial Efficiency: 77
  • Transparency & Controls: 100
  • Sustainability: 51
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 77.1%; rating input score 77
  • Program expense ratio: 77.7%; rating input score 78

Transparency & Controls

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

Sustainability

  • Operating margin: 0.9%; rating input score 47; 47th percentile among comparable filings
  • Total-asset coverage ratio: 2.63; rating input score 71; 71st percentile among comparable filings
  • Liabilities to assets ratio: 0.57; rating input score 8; 8th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 66.3% per year; rating input score 100; 95th percentile among comparable filings
  • Revenue growth: 5% per year; rating input score 100; 71st percentile among comparable filings
  • Asset growth: 55.1% per year; rating input score 100; 96th percentile among comparable filings

Details

  • Where the money goes: 77.1% of revenue deployed · 77.7% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 3 filed program accomplishments · $64K in reported program spending
  • Leadership: top reported pay $0 · 10 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • 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 — Sustainability: Operating margin scored 47/100.
  • High — Sustainability: Liabilities to assets ratio scored 8/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.