Morada Way Arts & Cultural District Inc

Nonprofit profile at a glance

EIN
275269482
IRS 990-EZ coverage
2013–2024
Forms available
Form 990 2016, Form 990-EZ 2024
Location
Islamorada, FL, USA
Phone
3056903564
Rating
41
Verdict
MIXED
Rating confidence
Moderate
Sector
Arts Education

Reported finances

Revenue
$121,233
Expenses
$94,474
Assets
$314,758
Liabilities
$128,928

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

Leadership & pay

6 people listed

People named in this filing

  • CRAIG MCBAY (Chairman)
  • PATTI STANLEY (BOARD MEMBER)
  • PIERRE MARC BELLION (BOARD MEMBER)

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

Create and maintain an environment that enables a creative & business community to thrive, where artists are inspired & have opportunities to showcase their work, and enrich locals & visitors with arts, cultural programs & events.

What it reported doing in 2024

The art studio offers affordable space for local and visiting artists to create pottery and teach classes. The showroom and gift shop gives them the opportunity to sell their artwork to the public. In addition, it gives artists exposure during the art walks.

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

MIXED - The filed numbers largely add up and revenue comfortably covers expenses. 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: 7
  • Transparency & Controls: 82
  • Sustainability: 71
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 6.6%; rating input score 7
  • Program expense ratio: 8.5%; rating input score 8

Transparency & Controls

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

Sustainability

  • Operating margin: 22.1%; rating input score 76; 76th percentile among comparable filings
  • Total-asset coverage ratio: 3.33; rating input score 91; 91st percentile among comparable filings
  • Liabilities to assets ratio: 0.41; rating input score 12; 12th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: -23% per year; rating input score 0; 9th percentile among comparable filings
  • Revenue growth: -9.1% per year; rating input score 0; 5th percentile among comparable filings
  • Asset growth: 2.5% per year; rating input score 100; 36th percentile among comparable filings

Details

  • Where the money goes: 6.6% of revenue deployed · 8.5% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $8K in reported program spending
  • Leadership: top reported pay $0 · 6 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 9 filing years from 2013 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.

  • High — Financial Efficiency: Mission deployment rate scored 7/100.
  • High — Financial Efficiency: Program expense ratio scored 8/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 12/100.