Midwest Powerboat Inc
Nonprofit profile at a glance
- EIN
- 934326276
- IRS 990-EZ coverage
- 2024–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2023
- Location
- Evansville, IN, USA
- Rating
- 72
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Fund Raising and Fund Distribution
Reported finances
- Revenue
- $105,678
- Expenses
- $88,843
- Assets
- $35,173
- Liabilities
- $477
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- JEFF HOEFLING (PRESIDENT)
- TERRY MARTIN (VICE PRESIDENT)
People named in this filing
- JEFF HOEFLING (PRESIDENT)
- TERRY MARTIN (VICE PRESIDENT)
- MIKE LEWIS (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 exempt purpose of this organization is to hold fundraising events and give net proceeds to local youth-based 501(c)(3) organizations. All proceeds from fundraising events will be distributed to qualified non-profit organizations.
What it reported doing in 2024
Sucessfully ran a fundraiser and made donations to several organizations in the community.
Operating model
- Revenue model
- Donor-supported. 72% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
The verdict
SUPPORTED - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 58
- Transparency & Controls: 100
- Sustainability: 54
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 54.4%; rating input score 54
- Program expense ratio: 64.7%; rating input score 65
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: 15.9%; rating input score 68; 68th percentile among comparable filings
- Total-asset coverage ratio: 0.4; rating input score 32; 32nd percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 40; 40th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 54.4% of revenue deployed · 64.7% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $57K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 4 filed schedules
- 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.
- Review — Financial Efficiency: Mission deployment rate scored 54/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 32/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 40/100.